Question 1

Which of the following, in a business setting, is taken to mean benevolent behavior that is the responsibility of successful enterprises?

Accepted Answer

Noblesse oblige is a French term that refers to honorable and benevolent behavior considered the responsibility of people of high (noble) birth. In a business setting, it is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Question 2

In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Accepted Answer

Noblesse oblige is a French term that refers to honorable and benevolent behavior considered the responsibility of people of high (noble) birth. In a business setting, it is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Question 3

Which of the following was designed to allow GM to operate ethically in South Africa as long as the company did not obey the apartheid laws in its own South African operations?

Accepted Answer

GM adopted what came to be called the Sullivan principles, named after Leon Sullivan, a black Baptist minister and a member of GM's board of directors. Sullivan argued that it was ethically justified for GM to operate in South Africa so long as certain conditions were fulfilled.

Question 4

________ are the accepted principles of right or wrong governing the conduct of businesspeople.

Accepted Answer

Business ethics are the accepted principles of right or wrong governing the conduct of businesspeople.

Question 5

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

Accepted Answer

The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences.

Question 6

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes

Accepted Answer

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes facilitating payments made to expedite routine government action from the convention.

Question 7

The ________ occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in its degradation.

Accepted Answer

The tragedy of the commons occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in its degradation. The phenomenon was first named by Garrett Hardin when describing a particular problem in sixteenth-century England.

Question 8

Facilitating payments are

Accepted Answer

Sometimes known as speed money or grease payments, facilitating payments are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official.

Question 9

The ________ obliges member states to make the bribery of foreign public officials a criminal offense and excludes facilitating payments made to expedite routine government action from the convention.

Accepted Answer

In 1997, the OECD adopted the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. The convention obliges member states to make the bribery of foreign public officials a criminal offense. The convention excludes facilitating payments made to expedite routine government action from the convention.

Question 10

Identify the incorrect statement about environmental regulations.

Accepted Answer

Many developed nations have substantial regulations governing the emission of pollutants, the dumping of toxic chemicals, the use of toxic materials in the workplace, and so on. Those regulations are often lacking in developing nations, and according to critics, the result can be higher levels of pollution from the operations of multinationals than would be allowed at home.

Question 11

To foster ethical behavior, many businesses draft a code of ethics, which is an informal statement of the ethical priorities the company follows.

Accepted Answer

To foster ethical behavior, businesses need to build an organization that values ethical behavior. To do this, many companies now draft a code of ethics, which is a formal statement of the ethical priorities a business adheres to.

Question 12

BP, one of the world's largest oil companies, has made it part of the company policy to undertake "social investments" in the countries where it does business. There was no economic reason for BP to make this social investment, but the company believes it is morally obligated to give something back to the societies that have made its success possible. BP's actions are an example of

Accepted Answer

Noblesse oblige is a French term that refers to honorable and benevolent behavior considered the responsibility of people of high (noble) birth. In a business setting, it is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Question 13

The ________ occurs when a resource that is shared by all, but owned by no one, is overused by individuals, resulting in its degradation.

Accepted Answer

The tragedy of the commons occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in its degradation.

Question 14

The ________ outlawed the paying of bribes to foreign government officials to gain business.

Accepted Answer

The Lockheed case was the impetus for the 1977 passage of the Foreign Corrupt Practices Act in the United States. The act outlawed the paying of bribes to foreign government officials to gain business.

Question 15

Ethics officers are hired by many businesses to make sure that all employees are trained to be ethically aware and that ethical considerations enter the business decision-making process at all levels of the organization.

Accepted Answer

To make sure that a business behaves in an ethical manner, a number of firms now have ethics officers. These individuals are responsible for making sure that all employees are trained to be ethically aware, that ethical considerations enter the business decision-making process, and that the company's code of ethics is followed.

Question 16

Facilitating payments are also known as

Accepted Answer

Sometimes known as speed money or grease payments, facilitating payments are not payments to secure contracts that would not otherwise be secured and nor are they payments to obtain exclusive preferential treatment.

Question 17

To establish moral intent, managers need to stand in the shoes of a stakeholder and ask how a proposed decision might impact that stakeholder.

Accepted Answer

Managers need to establish moral intent, to be able to think through ethical problems. This means the business must resolve to place moral concerns ahead of other concerns in cases where either the fundamental rights of stakeholders or key moral principles have been violated.

Question 18

An international U.S.-based company sets up a production unit in a developing country with poor environmental regulations. This contributes to the

Accepted Answer

In the modern world, corporations can contribute to the global tragedy of the commons by moving production to locations where they are free to pump pollutants into the atmosphere or dump them in oceans or rivers, thereby harming these valuable global commons.

Question 19

Which of the following observations about the Foreign Corrupt Practices Act is true?

Accepted Answer

The Lockheed case was the impetus for the 1977 passage of the Foreign Corrupt Practices Act in the United States. The act outlawed the paying of bribes to foreign government officials to gain business.

Question 20

The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as

Accepted Answer

The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences.

Quiz 5: Ethics, Corporate Social Responsibility, and Sustainability

Which of the following, in a business setting, is taken to mean benevolent behavior that is the responsibility of successful enterprises?

In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Which of the following was designed to allow GM to operate ethically in South Africa as long as the company did not obey the apartheid laws in its own South African operations?

________ are the accepted principles of right or wrong governing the conduct of businesspeople.

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes

The ________ occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in its degradation.

Facilitating payments are

The ________ obliges member states to make the bribery of foreign public officials a criminal offense and excludes facilitating payments made to expedite routine government action from the convention.

Identify the incorrect statement about environmental regulations.

To foster ethical behavior, many businesses draft a code of ethics, which is an informal statement of the ethical priorities the company follows.

The ________ occurs when a resource that is shared by all, but owned by no one, is overused by individuals, resulting in its degradation.

The ________ outlawed the paying of bribes to foreign government officials to gain business.

Ethics officers are hired by many businesses to make sure that all employees are trained to be ethically aware and that ethical considerations enter the business decision-making process at all levels of the organization.

Facilitating payments are also known as

To establish moral intent, managers need to stand in the shoes of a stakeholder and ask how a proposed decision might impact that stakeholder.

An international U.S.-based company sets up a production unit in a developing country with poor environmental regulations. This contributes to the

Which of the following observations about the Foreign Corrupt Practices Act is true?

The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as