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Terms in this set (97)Which of the following is the best description for what it means to be a professional of integrity? having an ethical mindset in business What is ethics? standards of behavior for professional and personal lives Why do businesses care about ethics? to uphold honorable standards of behavior Which of the following most likely contributes to a corporation's positive work atmosphere over the long term? being committed to ethical business practices Which are the universal principles of behavior? honesty and integrity The environment is not considered a stakeholder. False Goodwill only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company. False Most admired companies are typically the least profitable. False The prevailing current business philosophy is that the sole purpose of business is to make money for shareholders. False Consumer feedback on social media sites does not affect a company's prospects or status as ethical. False For utilitarianism, the intent of the actors and how humanely people are treated are the determining factors. False Individuals, in Aristotle's view, are the most basic ethical unit. True Virtue emphasizes the formation of character. True Laws and regulations set the maximum standards by which society lives out ethical norms. False Morality, as considered by Kant, embraces freedom and a sense of divinity The advantage of justice theory over ethical systems is its emphasis on method as opposed to content Virtue ethics is an ethical system based on the exercise of which virtues? courage, honor, and loyalty Ethics are the __________ to which we hold ourselves accountable in our professional and personal lives. standards of behavior Which of the following best exemplifies what Ancient Athenian ethicists believed? Ethics is the guiding principle for dealing with others. How did Aristotle reconcile his distrust of business? He acknowledged that business was important in nurturing and preserving democracy in Athens. CSR and greenwashing are the same concepts. False It is important for executives to interact with outside-environment stakeholders such as media and government. True The most important function of the board of directors is to hire the president or chief executive officer. True All stakeholders must be treated the same. False Which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? Business should behave ethically, being responsible to all stakeholders. Which of the following is not one of Starbucks' stakeholders? Plastic-cover manufacturers Which of the following is not a stakeholder of a nonprofit business? competitors Which of the following examples best demonstrates the burden of the social contract that companies have with stakeholders? Samsung's recall paid refunds and limited potential lawsuits. What was the reason for Scarlett Johansson's withdrawl from a recent movie? her portrayal of the character offended stakeholders Which of the following best relates to prioritizing stakeholders? Customers are considered high-priority stakeholders. Sustainability is a short-term approach to the interaction between business activity, environmental responsibility, and social impact on the environment and other stakeholders. False Social Responsibility does not have to mean being unprofitable True The concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. True Which court decision rules that corporate and nonprofit business entities may seek to persuade the voting public by spending and unlimited amount of money on political advertisements? Citizens United What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? carbon tax A "moral minimum" means which of the following? actions a firm undertakes to satisfy the base threshold for acting ethically. How is the concept of corporate personhood defined? the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons` What are the three components of the triple bottom line (3 Ps)? People, profit, planet Culture and ethics cannot be separated, because ethical norms have been established over time by, and make sense to, people who share the same background, language, and customs. True During the Industrial Revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders. True Even in business, ethics is not about the human morality but rather about human consumption False Religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together. True Businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? humanistic business model Which of the following definitions best describes consumerism? the lifestyle characterized by the acquisition of goods and services. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? the Louisiana Purchase South Korean companies like L.G. and Samsung employ 52,000 workers in the United States, and many U.S. companies now manufacture their products abroad. This is an example of ______ mercantilism Which of the following definitions best describes moral agency? the freedom and ability to make choices based on one's perception of right and wrong In a company, if the majority has voted to be represented by a union, the workers must join fand do not have the chance to opt out. False A women with the same education, experience, and skills, doing the same job as a man, is likely to earn less, at all levels from the bottom to top. True The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. True OSHA does not have the authority to levy criminal fines against companies that commit serious violations. False Findings of the Center for Financial Services studies indicate that employee financial stress permeates the workplaces of virtually all industries and professions. True Whose responsibility is it to prevent harassment in the workplace? management The unwelcome touching, requests for sexual favors, and other verbal or physical harassment of a sexual nature from a supervisor, coworker, client, or customer is known as sexual harassment In the United States, the pay of a person with a high status in the workplace, such as a CEO, is on average, _______ times higher than the pay of an average worker at the same company. 300 Which of the following is a positive attribute of unions from a manager's perspective? Unions create a formal dispute resolution process for workers. What is the difference between nominal wage and real wage? Nominal wage represents the actual amount of money a worker earns per hour; real wage represents the nominal wage adjusted for inflation. The common law (case law) of agency at the state level is often the source of the rules governing an employment relationship. True The First Amendment protects employees at work who criticize their boss or their company. False A good employee should care about the way he or she treats customers. True U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences? False In the new "gig" economy, people who work for themselves are known as which of the following? freelance workers Everyone has different "workplace" personalities, which often express which of the following? the way we think and act on the job If you decide to report an employer to a government entity for violating the law, you a (n) whistleblower Which of the following is especially important for developing and maintaining employee loyalty to the brand? empowerment An employee who works in the graphic design department of a large advertising agency most likely cannot moonlight after business hours for a friend's ______ web design business Which of the following best describes information that has an economic value because it is not generally known to the public and is kept secret by reasonable means? trade secrets The law requires that an employee disclose having a particular "disability" or needing a particular "reasonable accommodation" under the Americans for Disabilities Act when requesting some type of assistance. True The gap in earnings between the affluent upper class in the United States and the rest of the nation continues to grow every year. True All states in the United states have some form of laws to protect animals. True For consumer product testing, which is controversial, the Federal Food, Drug, and Cosmetic Act requires that animal tests be conducted to demonstrate the safety of cosmetics. False Cases of workplace discrimination can be based on cultural heritage or religion. True Title VII of the CRA, which governs nondiscrimination, mandates four tents that all employers should follow. Which of the following is not one of the tenets? undue hardship Which of the following best describes income inequality? The imbalance in the distribution of income among people within an economy The entitlement of nonhuman animals to ethical treatment is referred to as animal rights Which country has the most significant regulatory oversight of animal testing? United Kingdom Businesses can best help workers move to, or stay in, the middle class by doing which of the following? raising their own minimum wage In some cases, start-up founders can achieve "rock star status." True Consumer responsibility is diminished if advertising is directed toward children. True Even after a founder leaves a successful business, the philosophy and principles become enmeshed in the company lore. True Companies always stick with the same leadership ethos throughout the years as they grow. False Which of the following does an entrepreneur typically need to be willing to do to start a business? Select a product or service that will be sustainable. Max Weber characterized the private economy as which of the following? A money economy is a presupposition of bureaucracy. How can a company be nimble? adapt to change and risk identification Which of the following best defines entrepreneurial culture? combination of management and detailed style Why do people buy products that are harmful to them? People desire these products even if they do not need them. Puffery refers to which of the following? exaggerated claims Companies should have written policies for telecommuting employees that specify communications expectations. True Stressed workers are less productive in the workplace. True There is a prevailing view that all employers offering more perks do so because they expect more from their employees. False Flextime is a practical way to job share. False Automation advancements are likely to result in reduction in the workforce and higher unemployment. True Which of the following is the best example of a bias against work start-time flexibility, or flextime? Managers view early starters as more motivated. What percentage of employees report having high amounts of stress? 25% What corporate culture challenge exists when employees are allowed to work remotely. Employees may slack off if not supervised. What percentage of workplace activities could be automated with artificial intelligence? 50%Employe What is a positive workplace safety outcome from the use of robots? Employees can be protected from dangerous work.
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What percentage of workplace activities could be automated with artificial intelligence?While less than 5 percent of all occupations can be automated entirely using demonstrated technologies, about 60 percent of all occupations have at least 30 percent of constituent activities that could be automated. More occupations will change than will be automated away.
Which commercial transaction in the new world exemplifies the complexity that results when different cultures experiences and ethical codes come into contact?Today, it also comes about through economic development and the worldwide reach of the media. One of the earliest real estate deals in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact.
Which of the following are the opposing views of how large publicly held corporations?There are two opposing views about how businesses, and large publicly held corporations in particular, should approach ethics and social responsibility. One view holds that businesses should behave ethically within the marketplace but concern themselves only with serving shareholders and other investors.
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Everyone has different “workplace” personalities, which often express which of the following?
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