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Chapter 05 Ethics, Corporate Responsibility, and Sustainability
Answer Key
True / False Questions
1.
Most people have unconscious biases that favor themselves and their own group.
2.
Values are the rules that govern people's behavior and identify the "goods" that are worth
seeking.
3.
The ethical system known as egoism is similar to Adam Smith's concept of the invisible
hand in business.
4.
According to virtue ethics, moral individuals can transcend society's rules by applying
personal virtues.
5.
Individuals can be ethical leaders if they have a strong moral character, regardless of what
issues actually get most of their attention.
6.
Integrity-based ethics programs are primarily concerned with the avoidance of illegality.
7.
A good process for ethical decision making begins with considering the legal
requirements.
8.
A transcendent education involves balancing self-interest with responsibility to others.
9.
Profit maximization and corporate social responsibility necessarily lead to opposing
corporate policies.
10.
Sustainable growth refers to economic growth and development that meet the
organization's present needs without harming the ability of future generations to meet
their needs.
Multiple Choice Questions
11.
Bill, the manager of Just Right Gelato, acts with integrity and honesty because he believes
in a system of rules that governs the ordering of values. The system of rules that directs
Bill's behavior is known as _____.
12.
A situation, problem, or opportunity in which an individual is obligated to choose among
several actions that must be evaluated as morally right or wrong is a(n) _____ issue.
Topic: Ethics
13.
What are business ethics?
14.
When Pam has to decide whether something is right or wrong, she considers the writings
of the ancient teachers Confucius and Marcus Aurelius, whose works she has read many
times. These books form the basis of Pam's _____.
15.
Which ethical system states that the greatest good for the greatest number should be the
overriding concern of decision makers?
16.
Which ethical system was developed by a group of international executives, including
business leaders from Japan, Europe, and the United States?
17.
Jarrett believes that ethical behavior is anything that provides the maximum benefit for
himself. What ethical system does Jarrett subscribe to?
18.
Once a year at the annual employee meeting, the president of Federated Finance reminds
everyone of his belief that there are certain values that everyone can agree on, such as
honesty, fairness, and respect for life. Which ethical system does the president believe in?
19.
Which philosophy would be the most likely to emphasize that there are different ethics in
different cultures?
20.
What do people in the preconventional stage of Kohlberg's model of cognitive moral
development base their decisions on?
21.
What does the Sarbanes-Oxley Act, passed in 2002, require of companies?
22.
The ethical climate of an organization refers to
23.
Which of the following has been identified as a factor that contributes to unethical
behavior?
24.
Which of the following statements about compliance-based ethics programs are true?
25.
Moral awareness involves
26.
A whistleblower is a person who
27.
Which of the following responsibilities lies at the base of the pyramid of global corporate
social responsibility and performance?
28.
Better Mornings Breakfast Foods Inc. donates large quantities of its products to support a
free breakfast program at a school in a disadvantaged neighborhood. This program would
be listed on which layer of the pyramid of corporate responsibilities?
29.
Which of the following is one of the five higher goals of a transcendent education?
30.
According to Milton Friedman, what is the social responsibility of business?
31.
How has the view of the business community toward environmental issues changed in the
twenty-first century?
32.
The creation and distribution of wealth generate by-products that can cause injury, loss,
or danger to people and the environment. Because of that, we are said to live in a(n) _____
society.
33.
What is the goal of ecocentric management?
34.
_____ in business is considered compatible with the natural ecosystems that generate and
preserve life.
35.
Which of the following terms refers to misleading marketing claims about the
environmentally friendly nature of a product?
