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Exam 3: Managing Social Responsibility and Ethics

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Question 31

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When you ask yourself whether you would be willing to be treated in the same manner, which ethical test is being used?

A) The good neighbor test
B) Personal gain test
C) Front-page test
D) Golden-rule test

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Question 32

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The approach to dealing with stakeholder concerns that has the highest commitment to social responsibility is

A) Confrontation strategy
B) Damage control strategy
C) Accommodation strategy
D) Proactive strategy

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Question 33

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Eli Lilly & Company's policy that employees may not conduct business with a company with which they or their relatives are associated, unless Eli Lilly has given specific approval and authorization, is an example of an ethical policy statement.

The front-page test in making ethical choices asks "How would I feel if my decision became a headline in a local newspaper?"

When Levi Strauss lost market share and profits decreased in the late 1990s, shareholders blamed the CEO for

The Rainforest Action Network (RAN) , People for the Ethical Treatment of Animals (PETA) , and the National Council of Churches are examples of which type of stakeholder group?

What are the benefits and costs of social responsibility?

Managers seeking to do business within foreign cultures that are more tolerant of bribery and kickbacks should use these practices to avoid losing business.

Business ethics is the same thing as laws.

Organizational stakeholders

A firm that has let social responsibility dominate its business strategy in a way that distracted management's attention from earning profits is

Which approach to ethical decision making tends to be more flexible?

The justice approach is more flexible than other ethical approaches because it recognizes that standards of fairness vary depending on the individuals involved in the decision.

Which type of justice asks whether an employee received compensation equitable with performance?

How can managers influence the ethical behavior of their direct reports?

A positive role model for corporate whistleblowers is

Very few large companies provide ethics training to create a more ethical climate.

Stakeholder groups have specific interests that are in agreement with the interests of management and other stakeholder groups.

Those groups or individuals with a vested interest in the performance of a firm are referred to as

Which of the following is not one of the key ethical approaches to making business decisions?