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Which of the following is a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders? a. Procuring b. Branding c. Marketing d. Copywriting As […]

Values-based cultures are also known as _____ cultures. Virtue ethics directs us to consider the _____ of individuals and how various character traits can contribute to, or obstruct a happy, meaningful life. Answer: moral character Feedback: Virtue ethics directs us […]

How does a compliance-based structure work? ‘The social responsibility of business managers is simply to pursue profit within the law.’ How does the economic model of CSR justify this statement? Answer: According to the economic model of CSR, profit is […]

It is discriminatory to refuse to hire someone about whom you simply have a ‘bad feeling,’ even if that bad feeling is not based on their difference in race or gender. COSO is one of the first efforts to address […]

In selling a product, a business offers tacit assurances that the product is reasonably suitable for its purpose. The law refers to this as the: a. doctrine of caveat emptor. b. implied warranty of merchantability. c. doctrine of caveat lector. […]

The well-being promoted by ethical values is not a personal and selfish well-being. Ethical business leadership is the skill to create circumstances in which bad people are taught to do good. Answer: False Feedback: Ethical business leadership is the skill […]

Which provision of the Sarbanes-Oxley Act prohibits various forms of professional services that are determined to be consulting rather than auditing? a. Section 201 b. Section 301 c. Section 307 d. Section 404 Which of the following best describes a […]

Which of the following exemplifies insider trading? a. Underreporting income b. Falsifying account documents c. Misappropriation of proprietary knowledge d. Illegally evading income taxes According to the economic model of corporate social responsibility, the sole duty of a business is […]

It is not always easy to determine if someone is being treated with respect in marketing situations. A condition for respect requires that customer consent be not only voluntary, but also _____. How does the lack of shareholder activism and […]

Monitoring allows the manager to ensure effective, productive performance by preventing the loss of productivity to inappropriate technology use. When consumers are injured by a product in which no negligence is involved and no one is at fault, the legal […]

One way to distinguish the various types of values is in terms of the ends they serve. _____ values serve the end of beauty. Discuss the nuances associated with drug testing, and outline the arguments for and against it. Answer: […]

One of the key manifestations of ethical leadership is the articulation of _____ for the organization. Elaborate on the conservation movement. Answer: By the late 19th century, humans came to recognize the self-interested reasons for protecting the natural environment. The […]

A narrow view of corporate social responsibility is expressed by the: a. social web model of corporate social responsibility. b. integrative model of corporate social responsibility. c. economic model of corporate social responsibility. d. philanthropic model of corporate social responsibility. […]

Which of the following is true about tort law? a. Tort law holds that the only duties that a person owes are those that have been explicitly promised to another party. b. Tort law holds manufacturers accountable in cases when […]

The conservation movement advocated a more restrained and prudent approach to the natural world. Volunteering and charitable work are examples of the most demanding responsibility. Answer: False Feedback: Volunteering and charitable work are typical examples of responsibilities to do good. […]

If one joins a firm with a culture that supports values other than those with which one is comfortable, there will be a _____. The philanthropic model in which business support for a social cause is done simply because it […]

Which of the following is true of normative myopia? a. It occurs when decision makers fail to notice gradual changes over time. b. It refers to the shortsightedness about values. c. It occurs only in business. d. It results from […]

Discuss the conflicts surrounding accounting practices. How can lofty executive compensation serve corporate interests? Answer: In theory, lofty compensation packages are thought to serve corporate interests in two ways. They provide an incentive for executive performance (a consequentialist justification), and […]

Which of the following are beliefs and principles that provide the ultimate guide to a company’s decision making? a. Mission statement b. Core values c. Historical milestones d. Vision statement Which of the following holds that a business is responsible […]

Which of the following statements about the Genetic Information Non-Discrimination Act of 2009 (GINA) is true? a. Under GINA, an employer can collect genetic information in order to monitor the biological effects of toxic substances in the workplace. b. Under […]

Which of the following is an internal mechanism that seeks to ensure ethical corporate governance? a. European Union 8th Directive b. The Sarbanes-Oxley Act c. The COSO framework d. European Union 7th directive According to the tradition of theoretical reason, […]

Identify the approach that allows the Occupational Safety and Health Administration (OSHA) to make tradeoffs between health and economics. a. Sustainability approach b. Integrative approach c. Market controlled approach d. Feasibility approach A professional is said to have _____ if […]

Outline the business reasons to limiting monitoring. What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy? Discuss if their responses are environmentally adequate. Answer: Defenders of […]

Standards are fundamentally a social approach that can address public policy questions ignored by markets. ‘Enlightened self-interest’ presumes that good ethics is also good business. Answer: True Feedback: Is good ethics also good business? One important justification offered for CSR, […]

Which of the following is true of the conservation movement? a. It advocated that the natural world should not be used as a capital resource. b. It regarded natural resources as being able to provide an inexhaustible supply of material. […]

Briefly outline the challenges of technology discussed in the text. The _____ standard implies that unthoughtful people cannot be negligent, since one escapes liability by not actually thinking about the consequences of one’s act. Answer: actual foreseeability Answer: Technology allows […]

In economic terms, all resources are ‘_____,’ that is, they can be replaced by substitutes, and in this sense resources are infinite. ‘People have a strong ethical duty to cause no harm, and only a prima facie duty to prevent […]

Explain with an example, how eco-efficiency can be implemented on an individual and a business scale. According to the _____ approach, every purchase involves the informed consent of the buyer and therefore it is assumed to be ethically legitimate. Answer: […]

Discuss the duties of care and good faith. Discuss the various types of intellectual or cognitive stumbling blocks that one can face when trying to make a responsible ethical decision. Answer: Some stumbling blocks to responsible action are cognitive or […]

In a strict liability case, if it can be proved that a business was as careful as possible about its product or service, it is not held liable for the harm that results from its use. Responsibility for the circumstances […]

The _____ tradition reminds us that we are as likely to act out of habit and based on character as we are to act after careful deliberations. Elaborate on the concept of perceptual differences in ethics. Answer: Perceptual differences in […]

Principle-based ethics direct us to consider the moral character of individuals and how various character traits can contribute to, or obstruct a happy and meaningful human life. The ‘feasibility’ approach to standards allows OSHA to make tradeoffs between health and […]

The concept of a human or moral right is central to the utilitarian ethical tradition. From a strict market economic perspective, resources are ‘finite,’ and have to be used efficiently to gain maximum economic benefits. Answer: False Feedback: From a […]

Identify one of the implications of the ‘dependence effect.’ a. Unless a seller explicitly warrants a product as safe, buyers are liable for any harm they suffer. b. Advertising and marketing create consumer wants that support the entire economy. c. […]

The _____ requires employers to make reasonable accommodations for employees with disabilities. What is stakeholder theory? Answer: Stakeholder theory begins with the recognition that every business decision affects a wide variety of people, benefiting some and imposing costs on others. […]

The _____ standards for internal controls moved audit, compliance, and governance from a numbers orientation to concern for the organizational environment. Explain the reasoning behind the popularity of the values-based culture. Answer: ANS :The argument in favor of a values-based […]

Which of the following is an advantage of monitoring? a. Monitoring tends to promote effective performance since it reduces employees’ stress and pressure. b. Monitoring tends to create a friendly workplace without any suspicions. c. Monitoring increases the level of […]