Question 1

What is social responsibility?&#10;A) a business's obligation to pursue policies, make decisions, and take actions that benefit society&#10;B) a business tactic used to create relationship bonds with customers&#10;C) what companies are obliged legally to do to protect their external environments&#10;D) a business's responsibility to its shareholders&#10;E) the fact businesses are responsible for monitoring their social environments so they can satisfy the needs of their customers

Accepted Answer

Social responsibility refers to a business's obligation to pursue policies, make decisions, and take actions that benefit society. It goes beyond just maximizing profits for shareholders and includes considering the impact of a company's actions on various stakeholders, such as employees, customers, suppliers, the environment, and society as a whole.

Question 2

Which of the following principles of ethical decision making would support the practice of &#34;looking after number one&#34;?&#10;A) the principle of long-term self-interest&#10;B) the principle of personal virtue&#10;C) a discretionary code of ethics&#10;D) a utilitarian code of ethics&#10;E) the equity principle

Accepted Answer

Under the principle of long-term self-interest, you should never take any action that is not in your long-term best interest.

Question 3

____________is unethical behavior that violates organizational norms about right and wrong.&#10;A) Workplace deviance&#10;B) Organizational deviance&#10;C) Social irresponsibility&#10;D) Social deviance&#10;E) An ethical dilemma

Accepted Answer

Workplace deviance refers to behaviors that violate organizational norms and can include actions such as theft, sabotage, and gossiping. These actions are considered unethical and can lead to negative consequences for both the individual and the organization.

Question 4

According to Milton Friedman, which of the following is a position opposing the stakeholder model of corporate social responsibility?&#10;A) Organizations can act effectively as moral agents for all company shareholders.&#10;B) The time, money, and attention diverted to social causes undermine market efficiency.&#10;C) It is socially responsible for companies to divert their efforts to social causes.&#10;D) The marketplace will ultimately determine the importance of social causes.&#10;E) All of these positions are in accordance with the beliefs of Milton Friedman.

Accepted Answer

Friedman supports the theory that the only social responsibility businesses have is to make a profit.

Question 5

Secondary stakeholders are important to a company because:&#10;A) it depends on them for long-term survival&#10;B) they can affect public perceptions and opinions&#10;C) the company is endangered by a termination of their relationship&#10;D) they have the direct power to control management decisions&#10;E) they create an awareness of overt organizational integrity

Accepted Answer

Secondary stakeholders, such as media and advocacy groups, can influence public perceptions and opinions, which can impact a company's reputation and success.

Question 6

What is the term used to describe the degree of concern people have about an ethical issue?&#10;A) Ethical intensity&#10;B) Social consensus&#10;C) Temporal immediacy&#10;D) Magnitude of consequences&#10;E) Ethical valence

Accepted Answer

Ethical intensity refers to the degree of concern that people have about an ethical issue. It encompasses several factors such as the magnitude of consequences, the social consensus, the temporal immediacy, and the ethical valence of the issue.

Question 7

Ethics is the set of moral principles or values that defines right and wrong for a person or group.

Accepted Answer

Ethics is indeed the set of moral principles or values that defines right and wrong for a person or group.

Question 8

Kohlberg's three phases of moral development in order are law and order, instrumental exchange, and universal principle.

Accepted Answer

The three phases are preconventional level, conventional level, and post-conventional level.
The above are stages within the three phases. They are presented out of the appropriate order. See Exhibit 4.5.

Question 9

The______________ determined that companies can be prosecuted and punished for the illegal or unethical actions of employees, even if management didn't know about the unethical behavior.&#10;A) U.S. Sentencing Commission Guidelines&#10;B) U.S. Supreme Court&#10;C) U.S. Department of Labor&#10;D) U.S. Equal Employment Opportunity Commission&#10;E) Federal Trade Commission

Accepted Answer

The U.S. Sentencing Commission Guidelines establish the principle of corporate sentencing, which holds companies responsible for the illegal or unethical actions of employees. This principle emphasizes the importance of establishing an ethical environment within the company and implementing effective measures to prevent illegal behavior.

Question 10

Historically, _____________responsibility means making a profit by producing a product valued by society. It has been business's most basic social responsibility.&#10;A) discretionary&#10;B) ethical&#10;C) legal&#10;D) fiscal&#10;E) economic

Accepted Answer

The definition given in the statement describes economic responsibility, which is the responsibility to make a profit by producing goods and services that society wants and needs.

Deck 4: Section 3: Ethics and Social Responsibility