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Exam 4: Managing Ethics and Social Responsibility

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Question 31

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The profit-maximizing view of economic responsibility is advocated by:

A) Milton Friedman.
B) Arthur Anderson.
C) Donald Trump.
D) Warren Buffett.
E) Steve Jobs.

F) C) and D)
G) None of the above

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Question 32

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_____ generally outline the procedures to be used in specific ethical situations,such as marketing practice,conflicts of interest,and observance of laws.

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Question 33

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The _____ approach to ethical decision making sidesteps debates about what is right,good,or just and bases decisions on prevailing standards of the profession and the larger society,taking the interests of all stakeholders into account.

The _____ leadership style matches with the preconventional level of personal moral development.

When everyone is pursuing self-direction,the greater good is ultimately served because people learn to accommodate each other in their own long-term interest is an example of the:

A recent poll found that over _____ percent of people surveyed say corporate America's moral compass is pointing in the wrong direction.

When the USS Indianapolis sank after being torpedoed,one Navy pilot disobeyed orders and risked his life to save men who were being picked off by sharks.The Navy pilot was operating from the _____ level of moral development.

Approximately 20 percent of American adults,according to your text,never reach the postconventional level of moral development.

In one study,organizational psychologist Adam Grant found that the single biggest predictor of a team's effectiveness was incentives such as bonuses and vacation time.

The _____ approach asserts that human beings have fundamental rights and liberties that cannot be taken away by an individual's decision.

The _____ approach to economic responsibility means that economic gain is the only social responsibility and can lead companies into trouble.

A situation that arises when all alternative choices or behaviors have been deemed undesirable because of the potentially negative ethical consequences,making it difficult to distinguish right from wrong,is considered:

List the four responsibilities of corporate social performance.

Statements that define fundamental values and reference organizational responsibilities,products and employees are often called:

Ethics is the code of moral principles and values that governs the behaviors of individuals or groups.

The moral agent is an individual who must make an ethical choice in an organization.

A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance.

Free choice lies between the domains of codified law and ethics.

A(n)_____ is a formal statement of the company's values concerning ethics and social issues;it communicates to employees what the company stands for.

Ethical responsibility includes behaviors that are not necessarily codified into law and may not serve the corporation's direct economic interests.