Management Chapter 3 Should Know About The Social Responsibilities Organizations Aacsb Ethics Question Type Truefalse

Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank

c) disloyal person

d) bad employee

45. Sherron Watkins, an employee at Enron, exposed the corporate financial scandal at company.

Sherron is a __________.

a) government accountant

b) whistleblower

c) person of poor ethical judgment

d) bad employee

46. Which of the following statements is true of whistleblowers?

a) Unfortunately, whistleblowers are never successful in making a difference.

b) Whistleblowers are subjected to harassment, but fortunately, the law always protects them.

c) Whistleblowers are eager to act.

d) Whistleblowers often face dire consequences in the context of their careers.

47. A(n) __________ manager fails to consider ethics.

a) moral

b) amoral

c) immoral

d) Theory X

48. Jason, a manager, chooses to behave unethically. Jason can be described as a(n) ____

manager.

a) moral

b) amoral

c) immoral

d) Theory X

49. John is a middle manager. He chooses to stay out of ethical issues because “they are too

messy.” John is a(n) __________ manager.

a) moral

Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank

b) amoral

c) immoral

d) Theory X

50. Many companies are developing a formal statement of values and standards called a

__________.

a) statement of values

b) corporate beliefs statement

c) corporate values statement

d) code of ethics

51. All the people and institutions directly affected by a firm are collectively called its

__________.

a) stock holders

b) general partners

c) interested parties

d) stakeholders

52. Which of the following refers to the obligation of an organization to its stakeholders as well

as its own interests?

a) Altruism

b) Corporate social responsibility

c) Philanthropy

d) Corporate interest

53. Your roommate argues that businesses should focus on the pursuit of profits. Your roommate

is prescribing to the __________ view of corporate social responsibility.

a) socioeconomic

b) legal

c) classical

d) entrepreneurial

54. Graham, the CEO of Fleur Inc., a paper manufacturing company, prescribes to the classical

view of corporate social responsibility. He is most likely to state that:

a) the sole purpose of the management should be to improve the quality of the company’s

products.

b) the management should be responsible for the development of the society where the company

operates.

c). the management should be accountable for protecting the environment.

d) the sole purpose of the management should be to maximize profits.

55. The __________ view of corporate social responsibility is that business should focus on

making valuable contributions to society, not just making profits.

a) socioeconomic

b) legal

c) classical

d) entrepreneurial

56. __________ responsibility is fulfilled when an organization earns a profit through the

provision of goods and services desired by customers.

a) Economic

b) Legal

c) Ethical

d) Discretionary

57. An organization meets its __________ responsibility when its actions voluntarily conform

not only to legal expectations but also to the broader values and moral expectations of society.

a) economic

b) religious

c) ethical

d) discretionary

67. The idea that the role of business is solely to maximize profits and shareholder value

represents the classical view of corporate social responsibility.

68. The highest level of social performance comes through the satisfaction of economic

responsibility.

Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank

73. __________ justice focuses on fair application of policies and rules.

74. __________ justice focuses on treating people the same regardless of personal

characteristics.

75. __________ justice is the degree to which others are treated with dignity and respect.

76. __________ justice focuses on the fairness of exchanges or transactions.

77. __________ is the belief that there are universal values that apply to all people.

78. __________ are well-thought-out personal rules and strategies that serve to anchor our

ethical decisions and actions.

79. __________ highlight the risk from public disclosure of one’s actions.

80. A(n) __________ is a formal statement of values and ethical standards.

81. __________ include all the people and institutions most directly affected by an

organization’s performance.

85. __________ involves entrepreneurs who take the risk to solve pressing social problems.

86. What does the statement “Something may be legal but unethical” mean?

87. What is the relationship between ethics, values, terminal values, and instrumental values?

88. Different people have different views of what is ethical. Discuss each of the four different

philosophical views as alternative approaches to moral reasoning.

89. Define cultural relativism and moral absolutism. How do they influence international

business ethics?

90. What is the most critical factor for maintaining ethical behavior in organizations? Explain.

91. Assume that one of your colleagues who is also your friend is responsible for mismanaging

company funds. If you are in a situation where you can either save your friend from being fired

or save your company from a huge loss that might lead to a massive layoffs, what would you

choose? Give reasons.

92. As a manager of a firm, how would you ensure that your employees are ethical?