Business Ethics

Studies have found that more than a third of the unethical situations that lower and middle-level managers face come from _____.

Business ethics deals with right or wrong behavior within a particular organization.

Chapter 1, Check your EQ

Three primary stakeholders are customers, special interest groups, and the media.

Chapter 2, Check your EQ

Please fill in the missing part in a manner consistent with business ethics.

After identifying ethical risk areas, ethical leaders should develop policies and procedures for _____ and _____ misconduct. This process is an important part of risk management.

While companies might adopt risk management plans to deal with economic, marketing, and technological risks, they are less likely to consider _____ risks as a major area of concern.

Which-ones of the following terms belong to the same group (i.e., the same category)?

1) Egoism

2) Utilitarianism

3) Relativism

4) Consequentialism

5) Nonconsequentialism

Please fill in the missing part in a manner consistent with business ethics. (p. 135/moderate)

A(n) _____ is a problem, situation, or opportunity that requires an individual, group, or organisation to choose among several actions that must be evaluated as right or wrong, ethical or unethical.

Which leadership type values people, their emotions, and their needs and relies on friendship and trust to promote flexibility, innovation, and risk taking?

All of these are ways of reducing pollution, except:

Which-one(s) of the following statement(s) is(are) correct?

1. In the context of business ethics, the notion “ethics” refers to the decisions made within the framework of an organisation’s values. However, it does not refer to the specific behaviour of members of an organisation.

2. In the context of business ethics, the notion “ethics” refers to both, to a specific behaviour of members of an organisation as well as to a person’s personal philosophies about what is right or wrong.

3. In the context of business ethics, there exists a difference between an ordinary decision and an ethical-one. For instance, contrary to an ordinary decision, an ethical decision requires the weighing of values in order to reach a judgement regarding a situation the decision maker has not faced before.

During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation?

Act deontology requires a person use equity, fairness, and impartiality in making decisions and evaluating actions.

Chapter 6, Check your EQ

There exist positive links between environmental and economic performance. In connection thereto, a firm’s innovation strategy might lead to a better economic performance for all of the subsequent reasons except:

_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the “invisible hand.”

Which-one(s) of the following statement(s) is(are) correct?

1. A company’s ethical culture has a positive effect on employee commitment and trust. However, investor loyalty is only marginally affected by a company’s ethical culture as investors are primarily interested in high returns on equity.

2. A company’s ethics and compliance program can support values and appropriate conduct. In this context, it is important to realise a company’s core values, which are derived from principles, might not be the same as an employee’s individual values.

3. A company’s value practices are distinct from its organisational practices, which are driven by technical or efficiency considerations.

Which is the last of Kohlberg's stages of cognitive moral development?

There exist positive links between environmental and economic performance. In connection thereto, a firm’s innovation strategy might lead to a better economic performance for all of the subsequent reasons except:

An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the ...

Risk compartmentalization occurs when

An ethical compliance audit is designed to determine the effectiveness of ethics initiatives.

Chapter 8, Check your EQ

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.

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

The term business ethics is best described by the following statement:

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.

A utilitarian is most concerned with bottom-line benefits.

Chapter 6, Check your EQ

Please fill in the missing part in a manner consistent with business ethics.

The point at which a lie becomes unethical in business is based on the  _____ of the statement and its _____ to distort the truth.

Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

When a commercial states that a product is superior to any other on the market, the marketer risks accusations of

Time theft is the most commonly observed type of misconduct.

Chapter 3, Check your EQ

Which of the following is not one of the rights spelled out by John F. Kennedy in his "Consumers' Bill of Rights"?

Key ethical issues in an organization relate to fraud, discrimination, honesty and fairness, conflicts of interest, and privacy.

Chapter 3, Check your EQ

Please fill in the missing part in a manner consistent with business ethics.

A(n) _____ orientation creates order by requiring that employees identify with and commit to specific required conduct, whereas a(n) _____ orientation strives to develop shared standards.

The perceived relevance or importance of an ethical issue to the individual, work group, or organization is

Which of the following is not a cultural dimension identified by Geert Hofstede?

Ethanol, fracking, and hydropower are all forms of alternative energy.

Chapter 12, Check your EQ

Which of the following is not associated with the stakeholder interaction model?

According to the ethical decision-making framework, the absence of punishment provides a(n) _____ for unethical behavior.

Which-one(s) of the following statement(s) is(are) correct?

1. The failure to include the issue of living wages in a company’s ethics program is highly likely to issue in subsequent legal problems. Moreover, such a company acts in highly unethical ways.

2. It is in many cases in the long-term interest of a company to also include potentially difficult issues related to different and differing religious beliefs in an ethics program.

3. As more and more countries are adopting policies of state financed national healthcare programs, including associates in a company healthcare program is no longer an important issue in business ethics.

Which of the following is the first step in the ethical decision making process?

Social responsibility in business refers to maximizing the visibility of social involvement.

Chapter 2, Check your EQ

Transactional leadership strives to raise employees' level of commitment and to foster trust and motivation.

Chapter 11, Check your EQ