Question 1

Which of the following statements is true about ethical decision making?

Accepted Answer

A)  In ethical decision making, managers need not consider the implications of a proposed strategic decision on external stakeholders.
B)  In ethical decision making, it is illegal to apply the moral principles articulated in any company document other than the code of ethics.
C)  Since maximizing long-run profitability is the decision rule that most businesses stress, it should be applied irrespective of whether moral principles are being violated.
D)  Companies should place their narrow economic interests before the interests of stakeholders.
E)  In ethical decision making, managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders.F) A) and D)
G) A) and E)

Question 2

In a business setting, the term noblesse oblige refers to:

Accepted Answer

A)  a benevolent behavior that is considered the responsibility of successful enterprises.
B)  obliging a government official with the expectation of a reciprocal favor.
C)  rich corporations abusing their power for private gain.
D)  preferential treatment received by successful companies from governments.
E)  tax exemptions that are given only to local companies but not to foreign companies.F) A) and D)
G) A) and E)

Question 3

Neon Synergy Inc. operates in three different countries, and is headed by a CEO who believes that the best approach to ethics is cultural relativism. In this context, which of the following statements is most likely to be true regarding Neon Synergy?

Accepted Answer

A)  All business units of Neon Synergy will adopt a common standard of ethics irrespective of their location.
B)  Business decisions made by managers of Neon Synergy will be solely based on the goal of maximization of societal good.
C)  The business units of Neon Synergy will be empowered to adopt the standards of ethics followed in their respective host nations.
D)  Neon Synergy will extensively advocate the idea that universal notions of morality transcend different cultures.
E)  Neon Synergy will follow its home-country standards of ethics at all its foreign locations.F) None of the above
G) B) and D)

Question 4

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements is true about the Sullivan principles?

Accepted Answer

A)  They were widely opposed by U.S. firms, such as General Motors, operating in South Africa.
B)  They promoted the abolition of apartheid laws.
C)  It has been argued that they led to the violation of human rights in South Africa.
D)  They were against the introduction of democratic elections in South Africa.
E)  Western businesses that followed them were considered unethical.F) None of the above
G) A) and B)

Question 6

In a business setting, which of the following practices is most likely to be considered as unethical?

Accepted Answer

A)  Allowing managers within a company to act in accordance with rights theories
B)  Promoting employees who engage in ethical behavior and penalizing those who do not
C)  Hiring independent auditors to ensure that subcontractors used by the company are living up to its code of conduct
D)  Making sure that key business decisions make good economic sense irrespective of their social costs and risks
E)  Informing prospective employees about the ethical climate in the organizationF) A) and D)
G) A) and C)

Question 7

Discuss the arguments that are for and against the payment of bribes and speed money.

Accepted Answer

While facilitating payments, or speed mo...

Question 8

Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials to expedite overseas shipments. It has decided to open a plant in the United States, and has determined that it would not offer any facilitating payments to U.S. officials. Shangrilah's behavior illustrates the straw man approach of:

Accepted Answer

A)  the righteous moralist.
B)  cultural relativism.
C)  ethnocentrism.
D)  just distribution.
E)  cultural convergence.F) A) and D)
G) A) and E)

Question 9

Which of the following straw men approaches to business ethics is best summarized by the maxim "When in Rome, do as the Romans"?

Accepted Answer

A)  Cultural relativism
B)  Just distribution
C)  Kantian ethics
D)  Righteous moralist
E)  Sullivan principlesF) A) and D)
G) B) and E)

Question 10

Who asserts that all economic goods and services should be distributed equally except when an unequal distribution would work to everyone's advantage?

Accepted Answer

A)  John Rawls
B)  Leon Sullivan
C)  Garrett Hardin
D)  Milton Friedman
E)  Carol GilliganF) B) and D)
G) None of the above

Question 11

The process of ethical decision-making or ethical algorithm typically begins with:

Accepted Answer

A)  identifying which stakeholders a decision would affect and in what ways.
B)  judging the ethics of the proposed strategic decision.
C)  managers establishing a moral intent.
D)  auditing a decision to check for its consistency with ethical principles.
E)  reviewing a decision to check for its consistency with Rawls's veil of ignorance.F) C) and E)
G) B) and C)

Question 12

A righteous moralist claims that while operating in a foreign country, a multinational company should follow the ethical standards of the host country.

Accepted Answer

A) True 
 B)False

Question 13

Leon Sullivan argued that it was ethically justified for Western businesses to operate in South Africa so long as the companies obeyed the apartheid laws.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is a drawback of the utilitarian approach to business ethics?

Accepted Answer

A)  It omits the consideration of justice.
B)  It fails to consider the benefits, costs, and risks of a course of action.
C)  It advocates moral imperialism and ethnocentrism.
D)  It overemphasizes the significance of maximization of stockholder wealth.
E)  It recognizes that actions have multiple consequences.F) A) and D)
G) B) and D)

Question 15

Discuss any two straw men approaches to business ethics.

Accepted Answer

Straw men approaches to business ethics ...

Question 16

Which of the following best exemplifies noblesse oblige?

Accepted Answer

A)  Multinational corporations gaining monopoly rights in developing countries in order to weaken the local competition
B)  Multinational corporations funding schools, universities, and hospitals in developing countries
C)  Multinational corporations altering the laws of a host country to suit their businesses
D)  Multinational corporations bribing poorly paid government officials in a foreign market
E)  Multinational corporations moving production to developing countries to exploit their lower employment standardsF) A) and D)
G) A) and E)

Question 17

Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder?

Accepted Answer

A)  Corporate espionage
B)  Ethical dilemma
C)  Cultural relativism
D)  Moral imagination
E)  Moral courageF) A) and D)
G) A) and E)

Question 18

Discuss the global tragedy of the commons.

Accepted Answer

No one owns the atmosphere or the oceans...

Question 19

An American manager of a multinational company who is working in one of the company's production plants located in the country of Cadmia employs child labor at the manufacturing unit he is in charge of. On being criticized as unethical, the manager argues that such actions are ethically defensible because everyone in Cadmia is doing it. Which of the following straw men approaches to ethics is most likely demonstrated by the manager?

Accepted Answer

A)  Utilitarianism
B)  The righteous moralist
C)  The naive immoralist
D)  Kantian ethics
E)  EthnocentrismF) B) and E)
G) A) and B)

Question 20

"Facilitating payments" are payments to secure contracts that would not otherwise be secured.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Which of the following straw men approaches to business ethics is best summarized by the maxim "When in Rome, do as the Romans"?

Correct Answer
verified

A righteous moralist claims that while operating in a foreign country, a multinational company should follow the ethical standards of the host country.

Correct Answer
verified

Which of the following statements is true about ethical decision making?

Correct Answer
verified

In a business setting, the term noblesse oblige refers to:

Correct Answer
verified

Neon Synergy Inc. operates in three different countries, and is headed by a CEO who believes that the best approach to ethics is cultural relativism. In this context, which of the following statements is most likely to be true regarding Neon Synergy?

Correct Answer
verified

Correct Answer
verified

Who asserts that all economic goods and services should be distributed equally except when an unequal distribution would work to everyone's advantage?

Correct Answer
verified

Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder?

Correct Answer
verified

In a business setting, which of the following practices is most likely to be considered as unethical?

Correct Answer
verified

"Facilitating payments" are payments to secure contracts that would not otherwise be secured.

Correct Answer
verified

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Correct Answer
verified

Correct Answer
verified

Which of the following statements is true about the Sullivan principles?

Correct Answer
verified

Which of the following best exemplifies noblesse oblige?

Correct Answer
verified

Discuss any two straw men approaches to business ethics.

Correct Answer
verified
Straw men approaches to business ethics ...
View Answer

Discuss the global tragedy of the commons.

Correct Answer
verified
No one owns the atmosphere or the oceans...
View Answer

Which of the following is a drawback of the utilitarian approach to business ethics?

Correct Answer
verified

Discuss the arguments that are for and against the payment of bribes and speed money.

Correct Answer
verified
While facilitating payments, or speed mo...
View Answer

The process of ethical decision-making or ethical algorithm typically begins with:

Correct Answer
verified

Leon Sullivan argued that it was ethically justified for Western businesses to operate in South Africa so long as the companies obeyed the apartheid laws.

Correct Answer
verified

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Which of the following straw men approaches to business ethics is best summarized by the maxim "When in Rome, do as the Romans"?

Correct AnswerverifiedShow Answer

A righteous moralist claims that while operating in a foreign country, a multinational company should follow the ethical standards of the host country.

Correct AnswerverifiedShow Answer

Which of the following statements is true about ethical decision making?

Correct AnswerverifiedShow Answer

In a business setting, the term noblesse oblige refers to:

Correct AnswerverifiedShow Answer

Neon Synergy Inc. operates in three different countries, and is headed by a CEO who believes that the best approach to ethics is cultural relativism. In this context, which of the following statements is most likely to be true regarding Neon Synergy?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Who asserts that all economic goods and services should be distributed equally except when an unequal distribution would work to everyone's advantage?

Correct AnswerverifiedShow Answer

Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder?

Correct AnswerverifiedShow Answer

In a business setting, which of the following practices is most likely to be considered as unethical?

Correct AnswerverifiedShow Answer

"Facilitating payments" are payments to secure contracts that would not otherwise be secured.

Correct AnswerverifiedShow Answer

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following statements is true about the Sullivan principles?

Correct AnswerverifiedShow Answer

Which of the following best exemplifies noblesse oblige?

Correct AnswerverifiedShow Answer

Discuss any two straw men approaches to business ethics.

Correct AnswerverifiedStraw men approaches to business ethics ...View AnswerShow Answer

Discuss the global tragedy of the commons.

Correct AnswerverifiedNo one owns the atmosphere or the oceans...View AnswerShow Answer

Which of the following is a drawback of the utilitarian approach to business ethics?

Correct AnswerverifiedShow Answer

Discuss the arguments that are for and against the payment of bribes and speed money.

Correct AnswerverifiedWhile facilitating payments, or speed mo...View AnswerShow Answer

The process of ethical decision-making or ethical algorithm typically begins with:

Correct AnswerverifiedShow Answer

Leon Sullivan argued that it was ethically justified for Western businesses to operate in South Africa so long as the companies obeyed the apartheid laws.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Straw men approaches to business ethics ...
View Answer

Correct Answer
verified
No one owns the atmosphere or the oceans...
View Answer

Correct Answer
verified

Correct Answer
verified
While facilitating payments, or speed mo...
View Answer

Correct Answer
verified

Correct Answer
verified