Deck 10: Ethics and Social Responsibility

Question 1

When someone says that firms should behave ethically because doing so is good for business, a moral argument has been made

Answer 1

False

Question 2

Small businesses have obligations towards their various stakeholders, including employees, customers, suppliers, and the community within which the firm operates

Answer 2

True

Question 3

Asking an employee to spy on co-workers is an ethical order

Answer 3

False

Question 4

According to surveys, if employees report misconduct in their companies retaliation is the most common consequence

Question 5

Sin industries involve products or services that are considered illegal but moral in society.

Question 6

Strip clubs and marijuana stores are examples of businesses that are excluded for ethical reasons from SBA's mandate

Question 7

Companies that may be both morally questionable and speculative, such as casinos, are excluded for ethical reasons from SBA's mandate

Question 8

According to the notion of ethical universalism, ethical standards change with time and place

Question 9

Nihilists believe all business is inherently moral.

Question 10

Apologists believe that ethics can and should be emphasized throughout one's life, in college and outside

Question 11

For purists, the term "business ethics" is an oxymoron

Question 12

Not everyone believes that business ethics can be or should be taught in college

Question 13

Fibbing is one of the Greenwashing sins

Question 14

The Stakeholder model of capitalism suggests that the primary purpose of a business is to maximize profits for its owners

Question 15

The Stakeholder model of capitalism is also known as the Friedman Doctrine

Question 16

The Social performance of a firm includes taking care of employees, community involvement, and going above and beyond its obligations to satisfy customers

Question 17

Small business owners cannot impact CSR because they have a loose control on the inflows and outflows of goods and services

Question 18

B-Corp certification legally obligates companies to consider profits, people, and planet in their decision-making

Question 19

Companies that place a strong emphasis on CSR activities are able to earn a superior reputation for quality of products

Question 20

Utilitarianism is concerned with the greatest overall good for society

Question 21

Procedural justice refers to the fairness and justice of the decision's result

Question 22

Distributive justice refers to the fairness of a process in decision making

Question 23

Retributive justice focuses on punishing a decision-maker with a punishment that is consistent with and proportionate to the harm inflicted on others

Question 24

Compensatory justice relates to appropriately compensating people for a past harm or injustice resulting from an intentional decision

Question 25

The mother test approach to ethical decision making urges the decision-maker to put themselves in the place of the person who would be affected by their decision to view the decision through their eyes

Question 26

When someone says that firms should behave ethically because it is the right thing to do, a(n) ________ has been made.

A) Moral argument
B) Distributive justice
C) Procedural justice
D) Business argument

Question 27

_______refers to the application of ethical principles and standards to the decisions and actions of firms

A) Corporate social responsibility
B) Business Ethics
C) Business Laws
D) Business service

Question 28

Which of the following is generally NOT a consequence of reporting misconduct in the workplace?

A) Termination
B) Retaliation
C) Demotion
D) Promotion

Question 29

Which of the following is the appropriate ethical behavior?

A) Treating white and minority differently
B) Asking an employee to spy on co-workers
C) Asking someone for sexual favors in order to advance that person's career
D) None of the above

Question 30

The______ states that firms should use their resources and engage in activities designed to increase their profits so long as they abide by the law of the land

A) Friedman doctrine
B) Distributive justice
C) Sleep test
D) Role-reversal test

Question 31

According to the text, what are the two distinct dimensions of ethical decisions?

A) Moral and distributive justice
B) Justice and Procedure
C) Legal and Justice
D) Moral and Legal

Question 32

Which of the following business violates both legal and moral standards?

A) Child pornography
B) An adult night club
C) Bars in college towns
D) Gentleman's clubs

Question 33

Which of the following types of small businesses are excluded for ethical reasons from Small Business Administration (SBA) mandate?

A) Businesses viewed as speculative
B) Enterprises considered morally questionable by some
C) Companies that may be both morally questionable and speculative
D) All of the above

Question 34

According to the notion of __________, an action may be ethically acceptable in one time and place, but not in another

A) Ethical universalism
B) Ethical relativism
C) Interpersonal ethics
D) Intrapersonal ethics

Question 35

______ believe that people set their ethical compass based on the messages they receive
From parents and mass media

A) Apologists
B) Naivists
C) Nihilists
D) Realists

Question 36

Which of the following models emphasize that firms should balance the interests of all stakeholders, including owners, employees, customers, suppliers, communities, and society at large?

A) Shareholder model
B) Stakeholder model
C) Friedman doctrine.
D) Impulsive model

Question 37

The triple bottom-line is a management strategy that focuses on

A) Profits and loss
B) Cost and profits
C) Profit, cost, and loss
D) Profit, people, and planet

Question 38

According to the _______theory, all businesses have an agreement with the society as a whole to promote societal welfare because the society has allowed it to exist

A) Implied social contract
B) Ethical egoism
C) Utilitarianism
D) Religion

Question 39

Which of the following is an incorrect way to show that a business is engaged in CSR :

A) Obtaining a B-Corp certification
B) Practicing greenwashing
C) Focusing on triple bottom-line approach
D) Allocating resources for community projects

Question 40

______involves the use of deception to persuade others that a firm's products and goals are environmentally safe and thus more planet-friendly than they actually are

A) Bluewashing
B) B-Corp.
C) Utilitarianism
D) Greenwashing

Question 41

Which of the following represents Greenwashing?

A) Brands of facial tissues claim various percentages of post-consumer recycled content without providing evidence
B) Truly Organic gives product samples to marketers that labels featuring false certifications
C) Many products falsely claim to be EnergyStar certified
D) All of the above

Question 42

What is the advantage for companies to engage in CSR activities?

A) Greater buyer patronage
B) Weak employee relations
C) Inferior company reputation
D) Higher operations costs

Question 43

According to Utilitarianism, a decision is considered ethical if it results in

A) Profits for the decision maker
B) Short-term benefits for businesses
C) Greatest good for the greatest number of people
D) Long-term interest for the decision maker

Question 44

Which component of justice approach to decision making refers to the fairness of the process in decision making?

A) Distributive justice
B) Procedural justice
C) Intrapersonal justice
D) Interpersonal justice

Question 45

According to the text, what are the four types of justice?

A) Interpersonal, distributive, compensatory, and retributive
B) Interpersonal, distributive, procedural, and intrapersonal
C) Normative, intrapersonal, compensatory, retributive
D) Distributive, procedural, compensatory, retributive

Question 46

Katie was promoted due to her personal friendship with George, the manager, rather than a fair review of the qualified employees. Jessica, Katie's coworker, feels that it was injustice and unfair because there was not a formal review. Jessica is referring to ________

A) Procedural justice
B) Distributive justice
C) Compensatory justice
D) Retributive justice

Question 47

________test focuses on how one would feel if the decision they made was discussed on the front page of a newspaper

A) Children
B) Mother
C) Newspaper
D) Mirror

Question 48

The _______calls for treating others as you would want your family to be treated

A) Golden rule
B) Extended golden rule
C) Mother test
D) Role-reversal

Question 49

The _______calls for treating others as you would want to be treated yourself

A) Golden rule
B) Extended golden rule
C) Mother test
D) Role-reversal

Question 50

You refuse to pay a subcontractor for a work they did for you. Your parents ask you if you would be okay tomorrow if someone did the same to you. Your parents are using the ________test to guide you

A) Golden rule
B) Extended golden rule
C) Mother test
D) Role-reversal