Busines Ethics Essay

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USE THIS BOOK FOR RESPONSES Business Ethics: Decision Making for Personal Integrity and Social Responsibility, by Laura Hartman, Joseph DesJardins, and Chris MacDonald.

HIGHLIGHT IN YELLOW THE CORRECT RESPONSES ONLY.

 
                   
1.   Unlike the goals of a more evolved and inclusive ethics program, the goals of a traditional compliance-oriented program include
 

   A. recruiting and retaining desirable employees.
   B. minimizing the risks of litigation and indictment.
   C. maintaining brand and reputation.
 
                   
2.   Which of the following is an effective way of creating clear and successful reporting schemes?                  
 

   A. Reinforcing the organization’s values through its compensation and reward structure
   B. Leaders empowering subordinates to make decisions without providing guidance
   C. Discouraging running drills or rehearsals of challenging events
   D. Managers ignoring the risk and taking a wait-and-see attitude

 

                  
 
                   
3.   A/An _______ culture empowers legal counsel and audit offices to mandate and monitor conformity with the law and with internal codes.                  
 

   A. customer-based
   B. compliance-based
   C. integrity-based
   D. values-based

 

                  
   D. helping unify a firm’s global operations.

 

 
4.   The _______ serves as an expression of the fundamental principles at the heart of an organization and should guide all decisions without abridgment.
 

   A. vision statement
   B. annual report
   C. mission statement
   D. income statement

 
5.   In business, values-based cultures
 

   A. reflect the traditional approach of classifying corporate culture.
   B. are perceived to be more flexible and far-sighted corporate environments.
   C. emphasize obedience to the rules as the primary responsibility of ethics.
   D. are only as strong and precise as the rules with which workers are expected to comply.

 
 
6.   Which of the following statements is true of the Sarbanes-Oxley Act?
 

   A. It doesn’t support the US Sentencing Commission’s guidelines to create both a legal and an ethical corporate environment.
   B. It requires public companies to establish a code of conduct for top executives and, if they don’t have one, explain why.
   C. It violates the Sixth Amendment right to a jury trial.
   D. It specifically promotes lenient penalties in sentencing recommendations.

 
7.   Enlightened self-interest, an important justification offered for corporate social responsibility (CSR), presumes that
 

   A. good ethics also can be good business.
   B. measuring the bottom-line impact of ethical decision making is unimportant.
   C. measuring the short-term impact of ethical decision making is legally required.
   D. profits are independent of ethics.

 
8.   _______ theory recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged.
 

   A. Institutional
   B. Integrative
   C. Stakeholder
   D. Keynesian

 
9.   Which of the following statements describes the common view of corporate social responsibility (CSR)?
 

   A. CSR has its roots in the deontological tradition and Keynesian economics.
   B. Business has a strict obligation to contribute to social causes.
   C. The primary responsibility of managers is to serve shareholders.
   D. Profit is independent of optimal allocation of resources.

 
 
10.   Which of the following statements is true of ethical payoffs?
 

   A. They can be duplicated by competitors easily.
   B. They ruin firms’ reputations.
   C. They seem small in comparison to profits.
   D. They’re very difficult to measure.

 
11.   _______ will impact the culture of an organization in the absence of any other established values.
 

   A. Customer satisfaction
   B. Profit at any cost
   C. Legal compliance
   D. Ethical behavior

 
 
                   
12.   Some people believe that a corporation’s responsibility to society is fulfilled in its creation of jobs, through paying taxes, and by generating wealth for investors. This interpretation of CSR is known as                  
 

   A. financial responsibility.
   B. the economic model.
   C. social ecology.
   D. the integrative guide.

 

                  
13.   According to Norman Bowie, the moral minimum that we expect of people, either acting as individuals or within corporate institutions, involves
 

   A. basic spirituality.
   B. accountability.
   C. contribution to charity.
   D. respect for human rights.

 
14.   A firm that _______ is failing its fundamental social responsibility.
 

   A. is financially unstable
   B. has its loss margins exceeding its profit margins
   C. prioritizes environmental sustainability
   D. uses resources at unsustainable rates

 
 
                   
15.   The first step in constructing a personal code or mission for a firm is to                  
 

   A. ask oneself what one stands for or what the firm stands for.
   B. identify clear steps as to how the cultural shift will occur.
   C. express a clear vision regarding the firm’s direction.
   D. believe that the culture is actually possible and achievable.

 

                  
16.   The economic model of corporate social responsibility (CSR)
 

   A. holds pursuit of profit as the sole duty of business.
   B. strictly obligates business to contribute to social causes.
   C. states that profit is independent of optimal allocation of resources.
   D. prevents shareholders from being at the center of a corporation.

 
17.   If we judge a leader solely by the results produced, we’re following the _______ ethical tradition.
 

   A. virtual
   B. deontological
   C. utilitarian
   D. Kantian

 
18.   According to the economic model of corporate social responsibility (CSR), the sole social responsibility of a business is to
 

   A. go beyond legal responsibilities to cater to the needs of the society.
   B. think beyond economic ends and help society.
   C. fulfill the economic functions that it was designed to serve.
   D. analyze the defects in society and design products to overcome those defects.

 
 
19.   Several mechanisms for safeguarding the integrity of companies’ compliance and ethics programs, including Standards, Communication and Training, Monitoring, Incentive and Disciplinary Structures, and Response and Modification Mechanisms are included in the
 

   A. Caux Round Table Principles for Responsible Business.
   B. UN Universal Declaration of Human Rights.
   C. Federal Sentencing Guidelines for Organizations.
   D. Sarbanes-Oxley Act.

 
 
                   
20.   Which of the following situations could result in the business culture becoming a determining factor in ethical decision making?                  
 

   A. Lack of strong leadership
   B. Lack of competition
   C. Law providing incomplete answers
   D. Stagnant or decreasing profits

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