Julia Rawyler
Flashcards 246 Flashcards
Students 9 Students
Language English
Level University
Created / Updated 22.12.2020 / 29.11.2022
Licencing Not defined
0 Exact answers 0 Text answers 246 Multiple-choice answers
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An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the ...

cultural reference criterion.

unconscious cultural criterion.

cultural-self criterion.

self-reference criterion.

unconscious cultural-self criterion.

p. 276
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Risk compartmentalization occurs when

companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically.

all profit centers within a corporation are aware of the code of ethics.

all profit centers within an organization become aware of the consequences of competitors' actions.

various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole.

ethics and compliance programs reduce the risk of misconduct.

Chapter 10, p. 278
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An ethical compliance audit is designed to determine the effectiveness of ethics initiatives.

Chapter 8, Check your EQ


It helps in establishing the code and in making program improvements
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Licencing: Not defined

Last year, your company, a supplier of electronic hard ware, adopted a new environmental strategy in which the long-term overlaps of shared values between the needs of the company and the needs of society and the environment receive special attention. In this context, your company has begun with the development of new technologies that should provide the means to extract, from electronic waste, the raw materials needed in the production of new units. In this sense, the company hopes both to better secure the supply of those needed raw materials in the future as well as comply with newly established legal environmental standards. However, the development of that technology proves to be more costly and more challenging than expected. And whilst the board of directors, at last year’s general assembly of shareholders, received great support for its decision to develop the new technologies, important shareholders have now voiced their serious concern that the strategy appears to be too costly, putting the company’s economic performance at risk.

The CEO is a much appreciated person; many consider him an ethical leader. However, he is not what one would call an authoritative, inspirational leader. Especially when it comes to communication, he appears to have trouble in bringing a message across in an inspiring manner. Many believe that it is because of this shortcoming that some shareholders don’t trust the companyto be able to successfully complete the development of the new technologies. Many believe that his resignation would solve that problem. He, however, does not seem to share that view.

In view of the above-described situation, which-one(s) of the following statement(s) is(are) correct? See visual for I, II, and III.

All of the above statements are correct.

Only statements II and III are correct.

Only statements I and II are correct.

Only statements III is correct.

Only statements I and III are correct.

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Which of the following statements about multinational corporations (MNCs) is false?

MNCs are corporate organizations that operate on a global scale without significant ties to any one nation or region.

MNCs are inherently unethical and always do harm in the countries in which they operate.

MNCs are characterized by a global strategy of focusing on opportunities throughout the world.

Some MNCs are so large and powerful that their revenues are greater than the gross domestic products of many countries.

Because of their size and power, MNCs have been the subject of much criticism and the source of a number of ethical issues.

pp. 283- 285
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The term business ethics is best described by the following statement:

It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.

It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct."

It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."

It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.

It comprises the principles, values, and standards that guide behavior in the world of business.

Chapter 1, p. 5
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Which-one(s) of the following statement(s) is(are) correct?

  1. Moral philosophies present guidelines for determining how conflicts in human interests are to be settled and for optimising mutual benefit of people living together.

  2. Moral philosophies refer to specific principles or values people use to decide what is right or wrong.

  3. Contrary to moral philosophies, business ethics is not person-specific, however, it refers to what a group, organisation, or firm defines as right or wrong actions that pertain to its business operations and the objective of profits.

Only statement III is correct.

Only statements II and III are correct.

Only statements I and III are correct.

Only statements I and III are correct.

All of the above statements are correct.

pp. 154-155
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A utilitarian is most concerned with bottom-line benefits.

Chapter 6, Check your EQ


Utilitarians look for the greatest good for the number of people and use a cost-benefit approach