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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 31

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One good reason for managing a business ethically is to help reduce employee turnover.

A) True
B) False

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Question 32

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An integrity-based ethics code moves beyond legal compliance in order to create a "do-the-right-thing" climate.

A) True
B) False

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Question 33

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"Do what I say,not what I do" can be an effective code of conduct to instill corporate values.

Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity towards the environment.

Which of the following would most likely involve ethical concerns?

The position a firm takes on issues that affect the corporation as well as society is known as its:

Compliance-based ethics codes focus on preventing unlawful behavior by increasing control and by penalizing wrongdoers.

Cigarette producers refused to voluntarily place health warnings on their packages.In response,the federal government passed laws requiring health warnings on all cigarette packages.With respect to ethical behavior,this sequence of events is:

"Hear no evil,see no evil,speak no evil" is the best policy for U.S.firms to follow in their dealings with corrupt foreign suppliers.

Companies are using _____________ to communicate their corporate social responsibility actions to their customers.

A social audit is a systematic evaluation of an organization's progress toward implementing programs that are profitable.

While speaking with his sales force,the director of sales explains,"Anyone caught violating a sales law will be fired." After studying business ethics,you recognize this remark as a reference to the firm's __________ ethics.

Legal behavior is directly related to our relationships with others,while ethical behavior is not.

Due to the fact that American ethical standards are very clear-cut,international suppliers do not have difficulty adhering to them.

According to the Reaching Beyond Our Borders box,titled "Ethical Culture Clash",which of the following is true?

After developing a code of ethics,it should be communicated to:

At Fast-Track Financial Services,it is not unusual for a financial consultant to lose a client to another consultant working out of the same office.Clients have a right to do business with whomever they choose.If it is a high net worth client,with the potential for high commissions on sales,the incentive to steal a fellow co-worker's client exists because the firm's culture has not established integrity based ethics to deter this activity.

A whistleblower is a person who:

Before it was publicly known that IBM was going to take over Lotus Development,an IBM secretary told her husband,who told two co-workers,who told friends,relatives,business associates,and even a pizza delivery man.A total of 25 people received the information and traded on this tip to make a profit.These people were:

In order to avoid insider trading,the SEC Securities and Exchange Commission) has adopted a new rule called _____________ that requires publicly traded companies to release information to everyone in a timely manner,rather than just to a few persons.