Question 1

In the long run, a firm's loyalty to their employees can pay off financially.

Accepted Answer

A) True 
 B)False

Question 2

Ethical behavior at work is learned by:

Accepted Answer

A)   Attending corporate responsibility seminars.
B)  Tracking the failures of those who are caught in business scandals.
C)  Reading about why others were fired from the job.
D)   Observing the actions of others.E) All of the above
F) None of the above

Question 3

According to the Legal Briefcase box, "Paying the Price", corporate executives who commit fraud, securities fraud, and other business crimes are sentenced to fines, but not to jail because these acts are not considered to be criminal convictions.

Accepted Answer

A) True 
 B)False

Question 4

Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with one, socially irresponsible activity.

Accepted Answer

A) True 
 B)False

Question 5

Corporate social responsibility describes the firm's:

Accepted Answer

A)   exclusive responsibility to its stockholders.
B)  ability to plan for the unexpected.
C)  commitment to a management training program.
D)   concern for the welfare of society.E) B) and D)
F) B) and C)

Question 6

When faced with slow sales and low profits, even managers with strong ethical values may feel pressured to compromise those values.

Accepted Answer

A) True 
 B)False

Question 7

Corporate values, like personal values, are learned by observing what others do.

Accepted Answer

A) True 
 B)False

Question 8

Businesses have a social responsibility to create jobs.

Accepted Answer

A) True 
 B)False

Question 9

An ethical dilemma refers to a situation where you must:

Accepted Answer

A)   treat someone unfairly.
B)   choose between equally unsatisfactory alternatives.
C)   choose between a correct and an incorrect option.
D)   balance the concerns of profit and legality.E) B) and D)
F) C) and D)

Question 10

A recent study revealed that employee fraud causes 30% of all business failures.

Accepted Answer

A) True 
 B)False

Question 11

Considering the potential impact on others prior to making a decision is consistent with behavior.

Accepted Answer

A)   legal
B)  anti-social
C)   ethical
D)   self-motivatedE) All of the above
F) A) and B)

Question 12

Which of the following is not a basic right proposed by former President John F. Kennedy?

Accepted Answer

A)   The right to be heard
B)   The right to be informed
C)   The right to a discount
D)   The right to safetyE) A) and B)
F) None of the above

Question 13

Many U.S. companies are demanding socially responsible behavior from their international suppliers.

Accepted Answer

A) True 
 B)False

Question 14

The green movement has turned the heads of very few firms.

Accepted Answer

A) True 
 B)False

Question 15

According to the Legal Briefcase box, "Paying the Price", the fate of Arthur Anderson demonstrates that the law will protect your firm from problems due to the wrong-doings of other firms that you do business with.

Accepted Answer

A) True 
 B)False

Question 16

Many businesses have developed internal procedures to enforce their ethical policies. Which of the following is an example of an outside group urging ethical behavior in businesses?

Accepted Answer

A)   management teams
B)  union officials
C)  suppliers
D)   foreign trade representativesE) B) and C)
F) None of the above

Question 17

In order to do the right thing for all stakeholders, a business should be managed ethically.

Accepted Answer

A) True 
 B)False

Question 18

Over two-thirds of the American population report never giving any time to the community.

Accepted Answer

A) True 
 B)False

Question 19

Recent surveys indicate that U.S. customers are willing to pay a little more to purchase garments from companies who promote worker-friendly environments.

Accepted Answer

A) True 
 B)False

Question 20

One good reason for managing a business ethically is to help reduce employee turnover.

Accepted Answer

A) True 
 B)False

Exam 4: Demanding Ethical and Socially Responsible Behavior

Over two-thirds of the American population report never giving any time to the community.

Correct AnswerverifiedShow Answer

Recent surveys indicate that U.S. customers are willing to pay a little more to purchase garments from companies who promote worker-friendly environments.

Correct AnswerverifiedShow Answer

Businesses have a social responsibility to create jobs.

Correct AnswerverifiedShow Answer

Considering the potential impact on others prior to making a decision is consistent with behavior.

Correct AnswerverifiedShow Answer

In order to do the right thing for all stakeholders, a business should be managed ethically.

Correct AnswerverifiedShow Answer

Many U.S. companies are demanding socially responsible behavior from their international suppliers.

Correct AnswerverifiedShow Answer

When faced with slow sales and low profits, even managers with strong ethical values may feel pressured to compromise those values.

Correct AnswerverifiedShow Answer

According to the Legal Briefcase box, "Paying the Price", the fate of Arthur Anderson demonstrates that the law will protect your firm from problems due to the wrong-doings of other firms that you do business with.

Correct AnswerverifiedShow Answer

According to the Legal Briefcase box, "Paying the Price", corporate executives who commit fraud, securities fraud, and other business crimes are sentenced to fines, but not to jail because these acts are not considered to be criminal convictions.

Correct AnswerverifiedShow Answer

Many businesses have developed internal procedures to enforce their ethical policies. Which of the following is an example of an outside group urging ethical behavior in businesses?

Correct AnswerverifiedShow Answer

Corporate social responsibility describes the firm's:

Correct AnswerverifiedShow Answer

Corporate values, like personal values, are learned by observing what others do.

Correct AnswerverifiedShow Answer

Ethical behavior at work is learned by:

Correct AnswerverifiedShow Answer

One good reason for managing a business ethically is to help reduce employee turnover.

Correct AnswerverifiedShow Answer

The green movement has turned the heads of very few firms.

Correct AnswerverifiedShow Answer

In the long run, a firm's loyalty to their employees can pay off financially.

Correct AnswerverifiedShow Answer

A recent study revealed that employee fraud causes 30% of all business failures.

Correct AnswerverifiedShow Answer

An ethical dilemma refers to a situation where you must:

Correct AnswerverifiedShow Answer

Which of the following is not a basic right proposed by former President John F. Kennedy?

Correct AnswerverifiedShow Answer

Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with one, socially irresponsible activity.

Correct AnswerverifiedShow Answer

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