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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 1

True/False

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Management can create an environment in which unethical behavior can develop.

A) True
B) False

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Question 2

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Following an ethics-based approach to decision making will normally lead to higher:

A) profits.
B) trust and cooperation.
C) prices.
D) employee turnover.

E) A) and C)
F) B) and C)

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Question 3

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In recent years, progressive firms have embarked upon ____________, where they will commit company resources and expertise toward helping out in emergency type situations.

A social audit is a systematic evaluation of an organization's progress toward implementing programs that are profitable.

Which of the following questions will help individuals and organizations when deciding if their decisions are ethical?

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

An integrity-based ethics code moves beyond legal compliance in order to create a "do-the-right-thing" climate.

The position a firm takes on issues that affect the corporation as well as society is known as its:

"Actions speak louder than words!" is an old saying that refers to the fact that people's actions-how they act as opposed to what they say-are often testament to their true ethical values.

Effective corporate values start with employees and develop throughout the organization to include top management.

Corporate values are:

Due to the complicated laws and ethical standards abroad, U.S. businesses are encouraged to adopt a "don't ask, don't tell" policy.

Trust between workers and managers must be based on a foundation of fairness, honesty, openness, and moral integrity.

A common form of cheating in schools today is plagiarizing online material.

Sharon, a CPA for a large firm, noticed that the company's accounting records drastically overstated the amount of inventory on hand, which led to overstating the assets of the firm. Initially, she brought it to the attention of her supervisor, but when nothing was done to correct the mistake in a timely manner, she decided the best course of action was to report it to the appropriate government official. Although her actions took her outside the company, she was counting on current law, under the ____________, to protect her against company retaliation.

Explain the difference between a compliance-based ethics code and an integrity-based ethics code.

"Hear no evil, see no evil, speak no evil" is the best policy for U.S. firms to follow in their dealings with corrupt foreign suppliers.

According to the Making Ethical Decisions box, after ex-cons have completed their sentences, they should not be allowed to start their own businesses.

Investors, today are realizing financial benefit by:

Corporate ________ covers issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution.