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Franklin University MBA 711 Chapter 2 1)What is considered "ethical" behavior and "unethical" behavior is        

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Franklin University

MBA 711

Chapter 2

1)What is considered "ethical" behavior and "unethical" behavior is         .

A.            established exclusively by upper management in an organization

B.            dictated solely through cultural influences

C.            determined solely by the individual

D.            based on both individual beliefs and social concepts

E.            prescribed by the government through formal laws and regulations

 

2.            The ethical norm of         examines whether an act optimizes the benefits to those who are affected by it.

A.            morality

B.            caring C. utility

D. rights

E. justice

 

3.            Ethics are based on both social concepts and which of the following?

A.            Consumerism

B.            Business ethics

C.            Caring

D.            Rights

E.            Individual beliefs

 

4.            Tyler is hoping to secure a contract for his company that would expand operations to Mexico. Tyler knows that the decision-maker for the Mexican company expects to receive "gifts" from the company that is awarded the contract. Tyler is facing a dilemma in which type of managerial ethics?

A.            Consumerism

B.            Behavior toward the organization

C.            Fair trade

D.            Behavior toward employees

E.            Behavior toward other economic agents

 

5.            Which ethical norm considers whether an act is consistent with people's responsibilities to each other? A. Caring

B.            Rights

C.            Utility

D.            Fair trade

E.            Justice

 

6.            When do most people begin to form their ethical standards?

A.            As infants

B.            As adults

C.            As employees

D.            As stakeholders E. As children

 

7.            Those individuals, groups or organizations directly affected by the practices of an organization are referred to as its .

A.            sponsors

B.            benefactors

C.            supporters D. stakeholders

E. guarantors

 

8.            The overall way in which a business balances its commitments to customers, employees, investors, or other stakeholders is known as             .

A.            social responsibility

B.            free trade

C.            sustainability

D.            fair trade

E.            situational ethics

 

9.            The way a business balances its commitments to relevant groups and individuals in its environment is known as            .

A.            ethics

B.            justice

C.            utility

D.            fair trade

E.            social responsibility

 

10.          Major corporate stakeholders include all of the following EXCEPT             .

A.            customers

B.            suppliers

C.            investors

D.            competitors

E.            local communities

 

11.          Following proper accounting procedures is one way a company is socially responsible to which major group of corporate stakeholders?

A.            Investors

B.            Local and international communities

C.            Suppliers

D.            Employees

E.            Customers

 

12.          Magnificent Manufacturing, Inc. designed a program to reduce the amount of chemical waste that the company produces. This is an example of social responsibility to which major group of

corporate stakeholders?

A.            Employees

B.            Customers

C.            Local and international communities

D.            Investors

E.            Suppliers

 

13.          The owners of the rival gas stations in a small town meet secretly and agree that they will charge consumers the same price on gasoline so that they can maximize profits. This is an example of          .

A.            insider trading

B.            whistle-blowing

C.            consumerism

D.            philanthropy

E.            collusion

 

14.          Which of the following is NOT one of the rights under the Consumer Bill of Rights?

A.            Consumers have a right to safe products.

B.            Consumers have a right to choose what they buy.

C.            Consumers have a right to be heard.

D.            Consumers have a right to be educated about purchases.

E.            Consumers have a right to fair prices.

 

15.          Social activism that focuses on protecting consumers in their dealings with businesses is known as which of the following?

A.            Social responsibility

B.            Lobbying

C.            Direct regulation

D.            Consumerism

E.            Ethics

16.          Because of a recent hurricane, the demand for bottled water has drastically increased.

Shady Supermarkets, Inc. is scrambling to keep up with the demand. Management has decided they should triple the price of the new product since so many people seem to want to purchase it. What is the management of Shady Supermarkets, Inc. practicing?

A.            Collusion

B.            Insider trading

C.            Price gouging

D.            Fracking

E.            Whistle-blowing

17.          Employees who report their company for engaging in illegal, unethical, or socially irresponsible practices are known as which of the following?

A.            Frackers

B.            Whistle-blowers

C.            Stakeholders

D.            Inside traders

E.            Lobbyists

 

18.          How is consumerism connected to advertising?

A.            Unethical advertising can result in consumerist acts, such as price fixing.

B.            Most consumerists are against ethical advertising because it cuts into a company's profits.

C.            Consumerism frequently leads to unethical advertising practices.

D.            Consumerism seeks to get better consumer reaction to a company's advertising.

E.            Consumerism protects consumers from unethical business practices, including unethical advertising.

 

19.          Abels Enterprises fully observes its legal requirements in doing business but considers profits a more important role than social responsibility, so it does nothing more than follow the "letter of the law." Which of the following BEST describes this company's approach to social responsibility?

A.            Accommodative stance

B.            Preemptive stance

C.            Obstructionist stance

D.            Proactive stance

E.            Defensive stance

 

20.          Leah's company has been consistently ranked one of the best places to work in the region, and it contributes a generous share of its profits each year to the arts and charitable endeavors in the community. Which of the following BEST describes this company's approach to social responsibility?

A.            Preemptive stance

B.            Proactive stance

C.            Defensive stance

D.            Obstructionist stance

E.            Accommodative stance

 

21.          Brandon is the CEO of Terrible Tires, Inc., and he resents government interference with his business. Brandon directs his managers and accountants to do exactly what is legally required, but nothing more. Brandon and Terrible Tires, Inc. take which stance toward social responsibility?

A.            Lobbyist

B.            Defensive stance

C.            Proactive stance

D.            Accommodative stance

E.            Obstructionist stance

 

22.          A company that meets all of its legal and ethical requirements, and even exceeds them in some areas, takes which stance toward social responsibility?

A.            Obstructionist stance

B.            Proactive stance

C.            Lobbyist

D.            Accommodative stance

E.            Defensive stance

 

23.          Bill Gates, founder of Microsoft, has built the Gates Foundation to fund and support charitable, not-for- profit and philanthropic endeavors. Any person who wishes to work for Microsoft or the Gates Foundation should be comfortable with which stance toward social responsibility?

A.            Proactive stance

B.            Obstructionist stance

C.            Defensive stance

D.            Lobbyist

E.            Accommodative stance

 

24.          Mean Manufacturing has been cited for not filing the proper paperwork and for polluting beyond the acceptable regulatory limits. Jim, the plant manager of Mean Manufacturing, is looking for ways to fix the paperwork so that it will look like less pollution is emitted and the company will not receive any further fies. Jim has taken which stance toward social responsibility?

A.            Obstructionist stance

B.            Accommodative stance

C.            Proactive stance

D.            Defensive stance

E.            Lobbyist

 

25.          The government can indirectly influence the social responsibility of businesses through .

A.            lobbying

B.            tax codes

C.            political action committees

D.            legislation

E.            establishing codes of ethics for businesses

 

26.          A medical school hires a consultant to meet with Congressional staff to advocate federal funding for the medical school's research on breast cancer. This is an example of              .

A.            philanthropy

B.            collusion

C.            lobbying

D.            insider trading

E.            a political action committee (PAC)

 

27.          Which is an example of how the government indirectly regulates businesses?

A.            Lobbying

B.            Tax codes

C.            A political action committee (PAC)

D.            An agency created to monitor and control aspects of business activity

E.            Laws

 

28.          Blaine is a representative of the NRA (National Rifle Association). Blaine's goal is to meet members of Congress and to try to influence the way they vote on gun control legislation. Blaine is using which type of influence to address social responsibility?

A.            Personal contacts

B.            A political action committee (PAC)

C.            Laws

D.            Favors

E.            Lobbying

29.          What is the relationship between legal compliance and ethics?

A.            To be legal, the act must be ethical.

B.            Legal compliance will always result in ethical acts.

C.            Legal compliance does not always result in ethical acts.

D.            The lack of legal requirements results in unethical behaviors.

E.            All legal acts are ethical.

 

30.          The creation of the Environmental Protection Agency (EPA) is an example of what type of regulation?

A.            A tax code

B.            Indirect

C.            A political action committee (PAC)

D.            Direct

E.            Lobbying

 

31.          Which of the following is the BEST description of a corporate social audit?

A.            A formal assessment of a company's performance on social responsibility objectives

B.            An assessment of the extent to which an organization is meeting stated local, state, federal, and international laws

C.            A review of an organization's principles governing expectations and acceptable ethical conduct

D.            An overview of an organization's finances to ensure stakeholder transparency

E.            A government review to ensure a business's compliance with federal and state legislation

 

32.          A corporation matches employee donations to charities and rewards employee volunteer efforts by compensating employees for up to 50 hours per year of community service. Which organizational dimension of managing social responsibility does this demonstrate?

A.            Philanthropic giving

B.            Whistle-blowing

C.            Codes of ethics

D.            Ethical compliance

E.            Legal compliance

 

33.          Which of the following is an informal dimension for managing social responsibility?

A.            Lobbying

B.            Legal compliance

C.            Philanthropic giving

D.            Organization leadership and culture

E.            Ethical compliance

 

34.          What is philanthropic giving?

A.            The giving of funds or gifts to worthy causes

B.            Giving funds to a Political Action Committee in opposition of a specific piece of legislation

C.            A gift raised by a special government tax

D.            Paying a lobbyist to champion a cause the company believes in

E.            Giving funds to a Political Action Committee in support of a specific piece of legislation

 

35.          A formal analysis of the effectiveness of a company's social performance is known as which of the following?

A.            A corporate social audit

B.            Managerial ethics

C.            Whistle-blowing

D.            Philanthropic giving

E.            Consumerism

 

36.          What is the BEST way for a company to design its approach to social responsibility?

A.            Through legal compliance

B.            With the company's outside accounting firm

C.            After all other goals have been set

D.            In the same way that they develop any other business strategy

E.            In one single session