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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 71

Multiple Choice

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GloboTech recently used intentional accounting irregularities to make the company look more profitable than it actually was. GloboTech ________.

A) provided its stockholders profit through a tax loophole.
B) acted in an acceptable business manner.
C) engaged in illegal behavior.
D) executed its responsibility to its owners.

E) A) and B)
F) B) and D)

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Question 72

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Ethical behavior focuses on treating others fairly.

A) True
B) False

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Question 73

Multiple Choice

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Which of the following would be a unique focus of an integrity-based ethics code?

When a firm undertakes corporate social initiatives it is

Insider trading provides the information needed for the securities markets to operate fairly and efficiently.

Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of

You're working as a human resources director for a small company. Part of your job is to assess the company's benefits plan. There are several workers utilizing the company daycare facility. However, the daycare costs the company far more than another benefit might cost, like employing an on-site physician. The on-site physician services are supported by insurance, and the physician actually rents space from the company. Under these circumstances, eliminating the daycare is a balanced decision.

An important step in improving U.S. business ethics is for companies to hire whistleblowers.

The Foreign Corrupt Practices Act deals with

As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example of

A very critical last step in the process of establishing an ethics code is

Identify and discuss the social responsibilities of a firm to three of the four stakeholder groups described in your textbook.

Moral behavior refers to behavior that is accepted by society as right versus wrong.

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

Many Americans define ethical behavior according to the situation in which they find themselves. This way of thinking suggests that there may be situations where ________ to cheat, steal, or lie.

Enrollment at Bayside College keeps going up, despite tuition and fee hikes to help cover the cost of new wind turbines installed on campus. These turbines generate enough power to serve the campus buildings and to sell to local business establishments. After reading about corporate social responsibility, you conclude

While speaking with your sales team, your manager explains, "Anyone caught breaking a sales law will be fired." After reading about business ethics, you quickly identify this remark as a reference to the firm's ________ ethics.

Gary and his college friends often spend weekends hanging out at a small pub. Last weekend, after a few beers, one of his friends took the salt and pepper shakers from the table because they needed a set at their apartment. In this situation, this was not an unethical action because it was a restaurant and potential loss is figured into the prices.

One problem with conducting a social audit is

A business that takes a public position on a political issue that affects the welfare of society is exercising corporate social responsibility.