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 corporate culture in a quasi-regulatory
framework in recognition of its significant impact on the satisfaction of organizational
objectives.
According to William Baxter, the optimal level of pollution is best attained by leaving it
to a competitive market.
Employees have a universal right to a ‘happy’ workplace.
The ‘circular flow model’ differentiates natural resources from the other factors of
production.
Negligence involves the ability to foresee the consequences of our acts.
A mistreatment needs to be physically threatening to be termed as ‘bullying.’
One of the major challenges to an ethics based on rights points to practical problems in
applying a theory of rights to real life situations.
The ‘administrative’ version of utilitarianism considers competitive markets to be the
most efficient means of maximizing happiness.
One of the problems associated with giving prior notice of monitoring is the ‘Hawthorne
Effect.’
In terms of ethical theory, lofty compensation packages have a utilitarian function when
they act as incentives for executives to produce greater overall results.
Businesses that use animals for food, entertainment, or pets violate the ethical rights of
these animals.
When the employer is the government, constitutional limitations on government
authority are extended into the workplace to protect employees.
Within a business setting, individuals must consider the ethical implications of both
personal and professional decision-making.
Decisions made on economic grounds imply the lack of ethical considerations.
Legislators created a form of business called corporations to encourage people to
engage in business activities.
In business, every decision can be covered by economic, legal, or company rules and
regulations.
While the Sarbanes-Oxley Act is an internal mechanism to ensure ethical corporate
governance, the Committee of Sponsoring Organizations (COSO) is an external
mechanism.
The Grayson-Himes Pay for Performance Act was passed to amend the executive
compensation provisions of the Emergency Economic Stabilization Act of 2008.
Milton Friedman claims that a corporate executive has a ‘responsibility to conduct
business in accordance with his or her employer’s desires, which generally will be to
make as much money as possible while conforming to the basic rules of society, both
those embodied in law and those embodied in ethical custom.’ This view of corporate
social responsibility has its roots in the _____ tradition.
a. deontological
b. Kantian
c. utilitarian
d. virtue
Practical reasoning is reasoning about:
a. what we should think.
b. what we should do.
c. what we should believe.
d. what we should share.
Which of the following is an example of an institutional role?
a. Friend
b. Citizen
c. Neighbor
d. Teacher
Which of the following statements is true of the Sarbanes-Oxley Act?
a. It is also known as the Financial Services Modernization Act of 2002.
b. It is enforced by the Financial Accounting Standards Board.
c. It was passed by Congress because corporate boards failed to police themselves.
d. It fails to provide oversight in terms of direct lines of accountability and
responsibility.
According to the philosopher Norman Bowie, the contractual duty that managers have
to stockholder-owners:
a. makes them focus on philanthropy.
b. makes them feel obliged to perform social good and prevent harm to the society.
c. overrides their responsibility to prevent harm or to do good.
d. leads them to take environment-conscious managerial decisions.
Which of the following is true about communicating unethical behavior in a corporate
structure? a. Reporting ethically suspect behavior is a simple thing to do. b. Employees
are always comfortable in raising questions against superiors. c. Reporting individuals
can face retaliation from superiors. d. Whistleblowing is the most preferred mechanism
for communicating ethical behavior.
From a utilitarian perspective, individual rights to privacy or right to control
information about oneself may be outweighed in cases where:
a. public safety is at risk.
b. the employee compensation package is very high.
c. the proposed benefit to the employer is high.
d. employee productivity depends directly on the number of hours they put in.
The _____ tradition claims that our fundamental human rights, and the duties that
follow from them, are derived from our nature as free and rational beings.
a. utilitarian
b. virtue-based
c. role-based
d. Kantian
A(n) _____ provides concrete guidance for internal decision making creating a built-in
risk management system.
a. code of conduct
b. organization vision
c. income statement
d. ombudsman
Which of the following provisions of the Sarbanes-Oxley Act requires lawyers to report
concerns of wrongdoing if not addressed?
a. Section 407
b. Section 301
c. Section 406
d. Section 307
If an employee’s weight is evidence of or results from a disability, the employer must
explore whether the worker is otherwise qualified for the position. Under the Americans
with Disabilities Act (ADA), the individual is considered ‘otherwise qualified’ if she or
he:
a. has prior work experience relevant to the position, even if she or he is not able to
perform the functions of the position due to the disability.
b. can perform normal daily activities like taking a bath and eating.
c. can perform the functions of the position with or without reasonable
accommodations.
d. has a good academic record and good conduct.
Which of the following is the most demanding social responsibility?
a. A business should prevent harm even in those cases where it is not the cause.
b. A business should volunteer for society or environment-friendly work.
c. A business should engage in charitable work for the development of the society.
d. A business should not sell a product that causes harm to consumers.
Which of the following is true of the circular flow model?
a. It differentiates natural resources from the other factors of production.
b. It suggests that to keep up with the economy, the population must grow.
c. It treats economic growth as both the solution to all social ills and also as boundless.
d. It argues that the economy cannot grow indefinitely.
‘Just as individuals have no ethical obligation to contribute to charity or to do volunteer
work in their community, business has no ethical obligations to serve wider social
goods. But, just as charity is a good thing and something that we all want to encourage,
business should be encouraged to contribute to society in ways that go beyond the
narrow obligations of law and economics.’ Identify the model of CSR that reflects this
line of thought.
a. Integrative model
b. Stakeholder theory
c. Philanthropic model
d. Social web model
Identify the correct statement about ethical leaders.
a. Individuals perceived as ethical leaders avoid doing things that ‘traditional leaders’
do.
b. A ‘quietly ethical’ executive is likely to be perceived as an ethical leader.
c. An ethical leader’s traits and behaviors must be socially visible.
d. Ethical leaders are not people-oriented leaders.
Which of the following models of corporate social responsibility holds pursuit of profit
as the sole duty of a business?
a. Economic model of corporate social responsibility
b. Philanthropic model of corporate social responsibility
c. Social web model of corporate social responsibility
d. Integrative model of corporate social responsibility
Which of the following is true about privacy?
a. The right to privacy is not restricted by any social contract.
b. Privacy cannot be legally protected by common law.
c. Privacy can be legally protected by the constitution.
d. The right to privacy is unrelated to the universal right to autonomy.
Define values and discuss the element of corporate culture in detail.
What is affirmative action?
An adequate ethical analysis of marketing must consider _____, those costs that are not
integrated within the exchange of the buyer and the seller.
Putting ethics into practice requires not simply decision-making, but _____
decision-making.
Explain how child labor may be justified in the eyes of a utilitarian.