The FCPA has had a significant impact on the way American firms do business globally.
Answer:
Many government regulations over business have been created by the efforts of special
interest groups.
Answer:
The trend toward using Alternative Dispute Resolution (ADR) is growing.
Answer:
Business, by virtue of its place in society, has an inherent right to exist.
Answer:
Based on recent Supreme Court decisions, it is unclear that affirmative action will be
abolished in this decade.
Answer:
Monitoring the company’s community involvement projects entails review and control.
Answer:
Reports indicate the international development will see increased funding even in
recessions.
Answer:
Stakeholders are the owners of shares in a corporation.
Answer:
Leadership PACs were designed to allow lawmakers holding safe seats to funnel money
to colleagues without a risk of not being reelected.
Answer:
One of the main reasons that we have experienced technological harms is that some
technologies were implemented without much thought given to possible side effects.
Answer:
Consumers are readily pursuing green products.
Answer:
Water pollution occurs almost exclusively in industrialized countries.
Answer:
Failure to discipline someone who violates the organization’s ethics standards implies
approval of the person’s behavior.
Answer:
The long term effects of indoor air pollution include irritation of the eyes.
Answer:
In practical terms, the socially responsible firm must be a good corporate citizen.
Answer:
Corporate public policy is a firm’s posture or position regarding the public, social,
global, and ethical aspects of stakeholders and corporate functioning.
Answer:
A business’s technological environment represents the total set of
technology-based advancements or progress taking place in society.
Answer:
In order to operate with a true stakeholder perspective, firms must accept the
multiple bottom line view.
Answer:
Penalties under the Sarbanes-Oxley Act can include fines and prison terms.
Answer:
The standard of absolute liability is less demanding than that of strict liability.
Answer:
A company may create a positive impact in the community by giving time and
talents of its managers.
Answer:
A November 2009 Gallop poll revealed that almost 40% of the public thought
that business executives had low or very low ethics.
Answer:
One privacy guideline states that firms should respect and preserve the boundary
between work and home.
Answer:
The issues development process refers to the transformation of issues from a
low-key and flexible stage to the regulation and litigation stage.
Answer:
The Consumer Product Safety Commission’s track record is one of stable
operations and results.
Answer:
Under the doctrine of strict liability, there is no legal defense for placing on the
market a product that is dangerous to a consumer because of a known or
knowable defect unless an argument of due diligence is allowed.
Answer:
Issues management can be viewed as a type of pre-crisis planning and post-crisis
management.
Answer:
Social auditing is very new.
Answer:
In most companies, issues management is done in isolation from other
departments.
Answer:
The purpose of corporate governance is a direct outgrowth of the question of
legitimacy.
Answer:
The Consumer Product Safety Commission is an independent laboratory that has
power of persuasion only.
Answer:
An argument for corporate social responsibility is that it helps business compete
in the global economy.
Answer:
According to a recent survey, the percentage of employees reporting feeling
pressure to compromise their ethical standards is increasing.
Answer:
The public affairs function is an increasing component of the overall strategic
management process.
Answer:
Common Cause and the U.S. Chamber of Commerce are examples of general
purpose interest groups.
Answer:
The overarching strategy level that asks what role the firm plays in society and
what the firm stands for is the ____ level.
A.enterprise
B.corporate
C.business
D.functional
Answer:
The most serious danger of using the conventional approach to business ethics is
A.reliance on normative ethics without regard to descriptive ethics.
B.lapsing into ethical relativism.
C.lack of innovation in ethical judgments.
D.stunting one’s moral development.
Answer:
John Naisbitt’s approach to issues identification is
A.based on the belief that trends start with isolated local events.
B.dependent on what people are saying is important to them.
C.recognized as the most accurate of all forecasting services.
D.based on widely accepted methodologies.
Answer:
Economic integration of many formerly national economies into one worldwide
economy is called
A.globalization.
B.world-system theory.
C.capitalization.
D.material diversification.
Answer:
Negative externalities are often referred to as
A.full absorption costs.
B.social costs.
C.allocated costs.
D.environmental costs.
Answer:
The due-process resistance to drug testing is based on
A.protecting employees’ constitutional rights.
B.the poor conviction record of drug-related crimes in the court systems.
C.the questionable accuracy of the tests.
D.potential harm to the accuser.
Answer:
The evaluation, monitoring, and control of issues involves
A.continual control of responses to ensure that they remain on track.
B.extensive cost/benefit analyses.
C.deciding what to do about the issues the firm faces.
D.appointing a separate team within the public affairs office to perform the
control function.
Answer:
The ethical theory based on the concept of duty that suggests that if a product
causes harm, the firm should pay the costs of any injury is
A.contractual theory.
B.due care theory.
C.social costs view.
D.caveat vendor.
Answer:
For employee ownership of a business to work,
A.the company must have a large market share.
B.the company must treat its employees ethically.
C.senior managers must be elected democratically.
D.employees must believe they have role to play in leading the company.
Answer:
The current legal view of “let the seller take care” is
A.caveat vendor.
B.e pluribis unum.
C.norvus ordo seclorum.
D.caveat emptor.
Answer:
Monitoring of employees in the workplace
A.has become the norm in businesses today.
B.is driven by concerns over workplace violence.
C.requires the express consent of employees.
D.is done primarily through video cameras.
Answer:
The primary reason given for support of higher education programs is
A.the value of a liberal arts education.
B.civic duty.
C.to increase the pool of trained personnel.
D.to have an educated voter pool.
Answer:
Government regulations have been criticized for all the following reasons except
A.being too extensive.
B.being too costly.
C.being burdensome to business.
D.being ineffective.
Answer:
Which of the following is not a role increasing government’s complex
relationship with business?
A.government is a major purchaser.
B.government can elevate some businesses while devaluing others.
C.government cannot have buying power
D.government can create new businesses through subsidization.
Answer:
Shareholders are
A.owners of the corporation.
B.creditors of the corporation.
C.anyone who is affected by the corporation.
D.also employees of the corporation.
Answer:
Zethics Inc. is
A.a web-based service for disclosing information about questionable business
practices.
B.a private hotline.
C.have all positive risk.
D.a service of disclosing information that has been around a long time.
Answer:
The deeply ingrained principles that guide all of a company’s actions and
decisions are the firm’s
A.vision statements.
B.guiding lights.
C.core values.
D.mission statements.
Answer:
Existing water rendered unusable is
A.wasted.
B.polluted.
C.decayed.
D.drossed.
Answer:
Community involvement is most commonly manifested through
A.donations of money and like-kind gifts.
B.donating the time and talents of its employees.
C.sponsoring one of its employees for government office.
D.beautification projects at the company’s place of business.
Answer:
The Civil Rights movement made people in the United States more aware of
A.continued slavery in the South and Southwest.
B.the plight of all people of color, not just blacks.
C.the economic inequality that existed between races in American at that time.
D.pay inequality between men and women.
Answer:
Which of the following is not a feature that distinguishes the conventional
approach to issues management from the strategic management approach?
A.how broadly issues are defined
B.whether the function stands alone or is integrated with other functions
C.who within the firm implements the system
D.at what level of the firm issues identification takes place
Answer:
Kant’s categorical imperative emphasizes all of the following concepts except
A.respect for persons.
B.virtues.
C.universalizability.
D.duty.
Answer:
Companies that adopt issues management processes typically develop
A.better reputations.
B.more expertise in identifying issues.
C.better relationships with internal stakeholders.
D.more ethical behavior among their employees.
Answer:
The regulations that codify employers’ duties to provide employees with
information on the hazards of workplace chemicals and to make sure that they
understand what that information means are
A.employee education laws.
B.full disclosure regulations.
C.vital information acts.
D.right-to-know laws.
Answer:
Which of the following is not seen as a value of the stakeholder model of the
firm?
A.It is descriptive.
B.It is instrumental.
C.It is judgmental.
D.It is normative.
Answer:
After the 1950s, most Congressional legislation that affected business was
A.economic in nature.
B.concerned largely with the quality of life.
C.supportive of business.
D.aimed at promoting competition.
Answer:
As the regulatory environment has become more complex, businesses have had
little choice but to
A.move offshore.
B.follow the rules closely.
C.become more politically active.
D.avoid the political process.
Answer:
An important criticism of total quality management is that it
A.tried to do too much.
B.never did anything to define quality.
C.actually took focus off of the customer.
D.focused too much on adherence to standards, taking the enjoyment out of work.
Answer:
Which of the following is not preventing privatization?
A.the global economic recession.
B.service provisions
C.public backlash.
D.high leverage investments in state and local infrastructures.
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
The concept of servant leadership states that leaders should seek first to serve
their followers, and by doing so, they become great leaders. Evaluate this idea. Is
it something that would work in the United States?
Answer:
Which of the following is not a lesson from the consumer movement?
A.Product safety and consumer protection processes have flaws.
B.In the United States consumers must fight overconsumption.
C.Consumers can force companies to change their behaviors through boycotts.
D.The consumer movement is essential for achieving a fair and just marketplace.
Answer:
Which of the following statements is accurate?
A.Stockholders are the same thing as stakeholders.
B.All stakeholders are stockholders.
C.Stakeholders are a subset of stockholders.
D.Every stockholder is a stakeholder.
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
One of the major questions in corporate giving to higher education is whether the
donations should be “with strings attached” or not. Should corporate giving have
specific expectations attached to it?
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Explain why the emergence of large corporations in the late 19th century helped
shift society’s view away from the classical economic view.
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Discuss the reasons for the overlapping trends of regulation and deregulation.
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
Powers and Vogel have suggested that there are six major elements or capacities
that are essential to making moral judgments: (1) moral imagination, (2) moral
identification and ordering, (3) moral evaluation, (4) tolerance of moral
disagreement and ambiguity, (5) integration of managerial and moral
competence, and (6) a sense of moral obligation. What is the link of each of these
to personal and organizational ethics?
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
In the example of whistle-blowing in which the Bradley Fighting Vehicle was
improperly manufactured and tested, the U.S. Army attempted to avoid an
investigation into the matter. Why would the Army, whose soldiers would be
using the defective vehicles, want to cover it up?
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Why does discussion of the institution of business tend to focus on big business?
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Discuss and evaluate the Rawls principle of justice provided in the textbook.
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
Why does government regulate business?
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
Watch one of the movies listed in Figure 17.5. Describe some of the difficulties
the whistle-blower encountered as a result of his or her actions.
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Consider an anecdote of a woman renting a car in California and being charged a
large penalty because she drove out of state. The rental car company had tracked
her locales through a global positioning system (GPS), allegedly without telling
the woman that they would be doing so. Apparently the woman was upset
because she was not told about the GPS. Is the failure to tell her the main issue?
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Why is insider trading illegal and considered unethical? Isn’t that exactly what
financial markets are supposed to do–reward those who make good decisions?
Answer:
Utilize the knowledge you have gained to respond to the following essay
questions. Your answers should state your position and use logical arguments
and content from this and other chapters in the textbook to support it.
Make a case for paying premium wages to workers in less-developed countries.
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Discuss some of the challenges that technology presents to society.
Answer:
Provide a short answer to each of these questions. Be sure to fully explain
your answer.
Discuss the board of directors’ role in the firm’s ethical climate.
Answer: