The results of strategies that cannot pass the test of moral scrutiny often are not manifested in

GBA 490 Exam 3

Business ethics concerns:
A. developing a consensus among companies worldwide as to what ethical principles that businesses should be expected to observe in the course of conducting their operations.
B. what ethical behaviors should be expected of company

C. the application of ethical principles and standards to business activities, behavior, and decisions.

Ethical principles in business
A. deal chiefly with the actions and behaviors required to operate companies in a socially responsible manner.
B. deal chiefly with the rules each company's top management and board of directors make about "what is right" an

C. are not materially different from ethical principles in general.

The results of strategies that cannot pass the test of moral scrutiny often are manifested in
A. sharp drops in stock prices.
B. devastating public relations hits.
C. sizable fines.
D. criminal indictment and convictions of company executives.
E. All of t

Ethical principles as they apply to business conduct and business decisions
A. deal chiefly with a company's standards about what is right and wrong insofar as the conduct of its business is concerned and about what behaviors are expected of company perso

D. are not materially different from ethical principles in general.

The major drivers of unethical business behavior include
A. greed, pervasive managerial immorality, and a general lack of scruples on the part of top executives regarding how customers and suppliers should be treated.
B. corporate cultures that put the bo

B. corporate cultures that put the bottom line ahead of ethics, heavy pressures on company managers to meet or beat performance targets, and overzealous or obsessive pursuit of wealth accumulation, power, status, and other selfish interests.

Unethical business behavior tends to be driven by such factors as
A. a managerial mind-set that "the business of business is business, not ethics."
B. overzealous pursuit of personal gain, wealth, and other selfish interests.
C. a company culture that put

Which one of the following is not one of the major drivers of unethical managerial behavior?
A. Intense competitive pressures
B. Overzealous pursuit of personal gain, wealth, and other selfish interests
C. A company culture that puts the profitability and

A. Intense competitive pressures

A company's strategy needs to be ethical because
A. of the dangers that top management will get embarrassed if the company's unethical behavior is publicly exposed.
B. a strategy that is unethical not only damages the company's reputation but it can also

B. a strategy that is unethical not only damages the company's reputation but it can also have costly consequences.

The consequences of pursuing a strategy that has unethical or shady components include
A. lower stock prices.
B. customer defections and loss of reputation.
C. incurring potentially large legal and investigative costs, government fines, and civil penaltie

A company's unethical behavior may result in the following except
A. buyers will shun the company.
B. the company will have difficulty recruiting and retaining talented employees.
C. the company risks damage to shareholders in the form of lost revenues, h

D. the company will have to deal with the Sarbanes-Oxley Act of 2002, which requires the company remove the tarnished employees.

The costs incurred when ethical wrongdoing is done fall into three specific categories and include all except
A. intangible costs such as legal and investigative costs incurred by the company.
B. internal administrative costs associated with ensuring futu

A. intangible costs such as legal and investigative costs incurred by the company.

Notions of right and wrong, fair and unfair, moral and immoral, ethical and unethical
A. vary enormously from religion to religion and country to country across the world.
B. are present in all societies, organizations, and individuals.
C. ultimately depe

B. are present in all societies, organizations, and individuals.

The contentions that (1) many of the same standards of what's ethical and what's unethical resonate with peoples of most cultures, societies, and religions and (2) to the extent there is common moral agreement about right and wrong actions, there exist a

B. the school of ethical universalism.

According to the school of ethical universalism,
A. concepts of what constitutes ethical behavior and unethical behavior are dictated by subjectively provable moral principles but not by objectively provable moral principles.
B. concepts of right and wron

D. to the extent there is common moral agreement about right and wrong actions and behaviors across multiple cultures and countries, there exists a set of universal ethical standards to which all societies, all companies, and all individuals can be held a

According to the school of ethical universalism,
A. universal ethical principles or norms put limits on what actions and behaviors fall inside the boundaries of what is right and which ones fall outside�such universal norms include honesty, trustworthines

A. universal ethical principles or norms put limits on what actions and behaviors fall inside the boundaries of what is right and which ones fall outside�such universal norms include honesty, trustworthiness, respecting the rights of others, practicing th

The contention that because different societies and cultures have divergent values and standards of right and wrong it is appropriate to judge behavior as ethical/unethical in the light of local customs and social mores rather than according to a single s

A. defines what is meant by "ethical relativism.

The school of ethical relativism holds that
A. what constitutes ethical or unethical conduct varies according to the religious convictions of each society or each culture within a country.
B. when there are country or cross-cultural differences in what is

B. when there are country or cross-cultural differences in what is considered ethical or unethical in business situations, it is appropriate for local moral standards to take precedence over what the ethical standards may be elsewhere.

A belief in ethical relativism leads to the conclusion that
A. because ethical standards are subjective, it is perfectly appropriate for each company to define and implement its own ethical principles of right and wrong as concerns the use of underage lab

C. whether the payment of bribes/kickbacks should be deemed ethical or unethical depends on the moral standards, values, beliefs, convictions, and business norms that prevail in particular cultures, societies, countries, or circumstances.

Companies that adopt the principle of ethical relativism in providing ethical guidance to company personnel
A. base their standards of what is ethical and what is unethical on the Global Code of Ethical Conduct first developed in 1935 and since subscribed

B. have little moral basis for ethical standards companywide because it has no ethical standards or principles of its own.

The contention that ethical standards should be governed both by (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on actions and behavior in all situations and (2) the circumstances o

C. integrative social contracts theory.

According to integrative social contracts theory, the ethical standards a company should try to uphold
A. are governed by the school of ethical universalism.
B. are governed both by (1) a limited number of universal ethical principles that are widely reco

B. are governed both by (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on actions and behavior in all situations and (2) the circumstances of local cultures, traditions, and shared

Integrative social contracts theory maintains that
A. there is no such thing as "moral free space"�all ethical standards are determined by societal norms, and individuals have an implied social contract to live up to these standards.
B. few nations or cul

D. "first-order" universal ethical norms always take precedence over "second-order" local ethical norms.

Corporate social responsibility as it applies to businesses refers to
A. a company's duty to put the public interest ahead of shareholder interests.
B. societal expectations that all company stakeholders will be treated equally and fairly.
C. a company's

E. a company's duty to operate in an honorable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and actively work to better the quality of life in the local communities where it op

Which of the following is not generally on a company's menu of actions to consider in crafting a strategy of social responsibility?
A. Actions to ensure that the company operates in an honorable and ethical manner
B. Actions to build a workforce that is d

C. Actions to look out exclusively for the best interests of shareholders

Which of the following should be on a company's menu of actions to consider in crafting a strategy of social responsibility?
A. Actions to ensure that the company operates in an honorable and ethical manner
B. Actions to ensure diversity in the workforce

The essence of socially responsible business behavior is
A. encouraging company personnel to run for political offices.
B. balancing strategic actions to benefit shareholders against the duty to be a good corporate citizen.
C. undertaking actions to balan

B. balancing strategic actions to benefit shareholders against the duty to be a good corporate citizen.

Good corporate citizens
A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering social benefit and balancing the interests of all.
B. are active participants in the political process.
C. identify up-and-coming

A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering social benefit and balancing the interests of all.

Environmental sustainability involves
A. a corporate commitment to go beyond society's expectations for ethical strategies and business behavior to addressing the unmet noneconomic needs of society.
B. striking a balance between (1) the economic responsib

C. deliberate actions to protect the environment and provide for the longevity of resources, maintain ecological support systems for future generations, and guard against the ultimate endangerment of the planet.

Companies committed to environmental sustainability
A. consider the commitment to shareholders as a "first-order" priority, commitment to employees as a "second-order" priority, and commitment to the environmental protection as a "third-order" commitment.

D. undertake initiatives directed at improving the company's triple bottom line (TBL), which places importance on economic, environmental, and social metrics.

Which of the following is not something a company should usually consider in crafting a strategy of social responsibility?
A. Actions to benefit shareholders (such as raising the dividend to boost the stock price)
B. Making charitable contributions and do

A. Actions to benefit shareholders (such as raising the dividend to boost the stock price)

A company's social responsibility strategy is typically comprised of all but which one of the following elements?
A. Actions to enhance workforce diversity and make the company a great place to work
B. Making charitable contributions and donating the time

E. Actions to keep prices low enough that the company's profits will not be viewed by the general public as obscenely high or exorbitant

Striving to be socially responsible entails touching such bases as
A. what actions to take to enhance workforce diversity and make the company a great place to work.
B. whether to make charitable contributions and donate money and the time of company pers

The business case for why companies should act in a socially responsible manner includes such reasons as
A. it generates internal benefits (as concerns employee recruiting, workforce retention, training, and improved worker productivity).
B. it reduces th

Which one of the following is not a part of the business case for why companies should act in a socially responsible manner?
A. Every business has a moral duty to be a good corporate citizen.
B. Acting in a socially responsible manner reduces the risk of

A. Every business has a moral duty to be a good corporate citizen.

Which one of the following is false as concerns the merits of why acting in a socially responsible manner is "good business"?
A. Companies with good reputations for contributing time and money to bettering society are better able to attract and retain emp

B. Acting in a socially responsible manner nearly always results in higher profits and a higher stock price for shareholders.

Which of the following is most likely to be morally valid from the perspective of ethical relativism quizlet?

Which of the following is most likely to be morally valid from the perspective of ethical relativism? go beyond meeting society's expectations for ethical strategies and business behavior by fostering social benefit and balancing the interests of all.

What are the drivers of unethical behavior quizlet?

The major drivers of unethical business behavior include: - Corporate cultures that put the bottom line ahead of ethics. - Heavy pressures on company managers to meet or beat performance targets. - Overzealous or obsessive pursuit of wealth accumulation, power, status, and other selfish interests.

What is the school of ethical universalism?

According to the school of ethical universalism universalism, the most important standards of what's most important standards of what's ethical and ethical and what's unethical resonate with peoples what's unethical resonate with peoples of most societies regardless of local traditions societies regardless of local ...

Which of the following are strengths of the concept of ethical universalism?

Which of the following are strengths of the concept of ethical universalism? The concept of ethical universalism helps multinational companies set ethical standards that apply to all personnel. Ethical universalism draws from the ethical views and traditions of numerous societies and cultures.

Chủ đề