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82.
A company that promotes carpooling among its employees, has cut its printer-paper usage in half, and
has installed solar panels on its roof is an example of a corporate social responsibility action to
83.
Which of the following is an activity a company engages in to enhance the quality of life for its
employees in an attempt to fulfill its corporate social responsibility?
84.
Which of the following is most likely to be morally valid from the perspective of ethical relativism?
85.
Which of the following builds a moral case for corporate social responsibility and environmentally
sustainable business practices?
86.
Following a public outcry, the CEO of a nationwide consumer bank was forced to apologize to and
recompense customers for whom the bank had set up false credit card and auto loan accounts, over
100,000 account managers were terminated, and the company's stock price also sharply declined. Which
of the following did the company incur?
87.
The business case for why companies should act in a socially responsible manner DOES NOT include
such reasons as
88.
Which one of the following is NOT a part of the business case for why companies should act in a
socially responsible manner?
89.
Which one of the following is false as concerns the merits of why acting in a socially responsible
manner is "good business"?
Essay Questions
90.
What is the difference between ethics and business ethics?
91.
Identify and explain the three schools of thought about ethical standards for companies with
international operations.
92.
What are the strengths and weaknesses of the thesis that ethical standards are (or should be) universal?
93.
What are the differences between the school of ethical universalism and the school of ethical
relativism?
94.
What are the strengths and weaknesses of the beliefs and tenets underlying the school of ethical
relativism?
95.
Ethical relativism equates to multiple sets of ethical standards. True or false? Explain your answer.
96.
What is meant by integrated social contracts theory? What is its contribution to the debate about ethical
standards?
97.
Explain the difference between ethical universalism and integrated social contracts theory. Which
school of thought is most inclusive? Explain the reasons for your answer.
98.
Discuss briefly what is meant by the terms ethical universalism and ethical relativism. Where does
integrated social contracts theory fit into the debate about ethical standards? Which of the three schools
of thought stands on the strongest ground?
99.
Does a company have a duty to go beyond legal requirements and conform to the ethical norms of the
societies in which it operates?
100.
What is the case for why business strategies should be ethical?
101.
Apart from "the business of business is business, not ethics" kind of thinking, there are three other
primary factors that contribute to a drive toward unethical business behavior. Identify and explain the
three factors.
102.
Identify the three types of business costs of ethical failures. Provide examples for each type of cost.
103.
Sustainability is a term used in various ways, but most often it concerns a firm's relationship to the
environment and its use of natural resources. Define the term from a company's business practices and
strategy perspective.
104.
Identify the five good reasons (actions) companies can choose in crafting social responsibility
initiatives, environmental sustainability, and a good corporate citizenship strategy.
105.
Define and discuss the programs commonly included under a company's corporate social responsibility
strategy.
106.
Explain how environmental sustainability strategies go about improving a company's "Triple-P"
performance—people, planet, and profit. Why is it important for strategy-makers to find points of
intersection between society and the company's ability to execute value chain activities or better serve
customer needs?
107.
What is the essence of the moral case for why a company should engage in socially responsible actions
and environmentally sustainable business practices?
108.
What is the essence of the business case for why a company should engage in socially responsible
actions and environmentally sustainable business practices?
109.
How do socially responsible actions and sustainable business practices lower costs related to human
resources in a company?
110.
Why are well-conceived CSR strategies and sustainable business practices considered in the best long-
term interest of shareholders?
111.
Explain the key tenets of the concept of environmental sustainability. How does striving for
environmental sustainability impact strategic initiatives involving a company's shareholders, its
employees, and the environment?
112.
Explain and provide examples of how companies committed to environmental sustainability are able to
address society's concerns about protecting the environment, while lowering costs and/or creating value
for customers.
113.
Explain what is meant by "sustainable business practices" and using that explanation, provide three
examples of companies that pursue sustainability strategies.
114.
Under what circumstances should a company endeavor to be socially responsible in its actions and
conduct?
115.
Does a high correlation exist between a company's social responsibility and its competitive advantage
and financial performance?
