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Exam 2: Making Ethical Decisions and Managing a Socially Responsible Business

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Question 41

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What are ethics?

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a set of moral stand...

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Question 42

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_____ contributes to an employee's self-worth, which, in turn increases productivity and reduces absenteeism.

A) Empowerment
B) Micromanagement
C) Bureaucratic management
D) Limited autonomy
E) Consumerism

F) D) and E)
G) A) and D)

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Question 43

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Corporate philanthropy:

Organizations can be evaluated on two basic dimensions with regard to social responsibility--legality and responsibility.

A code of ethics:

In an act of _____, Amgen, the largest biotechnology company in the world, has donated more than $70 million to advance science education, improve quality of care and access for patients, and support resources that create sound communities where Amgen staff members live and work.

_____ is defined as whatever is considered fair according to the prevailing standards of society.

The most basic responsibility of all businesses is its economic responsibility.

Businesses engage in environmental protection activities to show their responsibility to their general public stakeholders.

Seeds of Change manufactures and markets certified organic entrees.Its mission reads, "At Seeds of Change, we're committed to making delicious foods that are healthy for you as well as the planet." In support of this mission, the company donates money to support environmental protection activities.In other words, Seeds of Change engages in:

Social responsibility is a voluntary obligation.

Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.

In the 21^st century, we define justice as:

It has been alleged that a Coca-Cola water bottling plant in India has caused illegal water shortages in fifty villages that surround the bottler.If this accusation is true, than Coke was operating at which stage of the social responsibility pyramid?

A homebuilder who disposes of asbestos shingles by burying them on his own property may please the home owner because it is a less expensive means of disposal but will be punished by various legal agencies if any become aware of his crime.At which stage of the social responsibility pyramid is the builder most likely operating?

Strategic giving:

Amgen, the largest biotechnology company in the world, donates millions of dollars annually to raise the value of science literacy in the community and attract bright young minds into the field of science.Since Amgen, as an employer would benefit from this philanthropy, it would be characterized as strategic giving.

What action can be taken to encourage employees to abide by their company's code of ethics?

_____ is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees.

A company has achieved the level of _____ responsibilities when it has met its ethical, legal, and economic responsibilities.