Deck 6: Case Study Barclays Bank: Banking on Ethics

Question 1

Which of the following factors likely influenced ethical decision making at Barclays?

A) The extent of ethical problems within the organization
B) Top management's actions on ethics
C) Social consensus
D) The number of people to be affected
E) all of the above

Answer 1

E
Studies show that all of these factors influence ethical decision making and judgments.

Question 2

If in the wake of the scandal Barclays were to work with a nonprofit organization to improve transparency in the banking sector,this would be an example of:

A) green marketing
B) the pyramid of corporate social responsibility
C) improving sustainability
D) cause-related marketing
E) developing a code of ethics

Answer 2

C
Cause-related marketing is the cooperative marketing efforts between a for-profit firm and a nonprofit organization.

Question 3

Barclays actions are inexcusable because corporate social responsibility is both easy and quick to implement.

Answer 3

False
Corporate social responsibility isn't easy or quick-it doesn't work without a long-term strategy,effort,and coordination throughout the enterprise.

Question 4

Ethics training and a code of ethics could have helped employees put good ethics into practice at Barclays.

Question 5

In this case,Barclays demonstrated a strong commitment to corporate social responsibility.

Question 6

The rules developed at Barclays as a result of cultural values and norms are known as:

A) morals
B) ethics
C) procedures
D) code of conduct
E) code of ethics

Question 7

If Barclays had demonstrated economic,legal,ethical,and philanthropic responsibility,it would have been committing to:

A) a code of sustainability
B) the pyramid of corporate social responsibility
C) moral sustainability
D) cause-related marketing
E) all of the above

Question 8

Which of the following is not a potential benefit of Barclays creating a good code of ethics?

A) It could have helped employees identify what Barclays expected of them ethically.
B) It could have prevented confusion as to whether LIBOR manipulation was ethical or not.
C) It could have prevented manipulation before external controls exposed the scandal.
D) It could have facilitated discussion among employees about what was right and wrong.
E) It could have allowed employees to rely on the code and substitute rules for judgment.

Question 9

What level of morality would have been demonstrated if executives at Barclays asked themselves,"Even though manipulating the LIBOR will increase company profits,is it the right thing to do in the long run?"

A) Unconventional
B) Preconventional
C) Conventional
D) Postconventional
E) none of the above

Question 10

In its LIBOR manipulation,Barclays was acting in defiance of the Foreign Corrupt Practices Act.