Question 1

The Nation Football League executives shorted unrestricted free agency requirements from six seasons to four,which gave individual players greater mobility and negotiating power.This is an example of how the

Accepted Answer

The decision to shorten the unrestricted free agency requirements from six seasons to four was made by NFL executives, indicating that it was an organizational decision that affected how the organization treated its employees. The change was made to give individual players greater negotiating power and mobility, suggesting that the organization was concerned with treating its employees fairly and providing them with opportunities to advance their careers.

Question 2

Advertising for Abercrombie and Fitch uses overt sexuality to sell clothes.Ads for Abercrombie,the pre-teen sizes,are only moderately less sexual and products include swim wear with padding in the chest.Many people object to this advertising.This is an example of the relationship of the

Accepted Answer

The Abercrombie and Fitch advertising controversy relates to the firm's relationship to the environment, specifically in terms of the social and cultural impact of their advertisements on society. Many people object to the sexualization of youth in advertising, and Abercrombie's advertising practices have sparked debate and criticism. This issue is not directly related to the relationship of employees to the firm, the firm to employees, competitors, or the physical environment.

Question 3

The National Football League Players Association agreed to a salary cap.This is an example of how the

Accepted Answer

The answer of The National Football League Players Association agreed...

Question 4

One way the government regulates or tries to influence businesses is by using political action committees.

Accepted Answer

Political Action Committees (PACs) are organizations that collect funds to donate to political campaigns or to spend on ads in support of political causes or candidates. They are not tools used by the government to regulate or influence businesses; rather, they are a means through which businesses and other groups can attempt to influence government policy and elections.

Question 5

Blowing your own horn is the disclosure by an employee of the illegal or unethical conduct on the part of others within the organization.

Accepted Answer

Blowing your own horn refers to someone promoting or bragging about their own achievements, not disclosing unethical or illegal conduct. Disclosing such conduct is known as whistleblowing.

Question 6

Congressman Anthony Weiner resigned after sending naked pictures of himself to adult women who were not his wife.His actions were

Accepted Answer

Congressman Anthony Weiner's actions were legal, as there were no laws against sending explicit images to consenting adults. However, his actions were unethical, as they violated the trust of his constituents and betrayed the values expected of a public official.

Question 7

The treatment of employees by the organization includes which area of ethical concern?

Accepted Answer

The treatment of employees by the organization is an ethical concern related to wages. This includes fair compensation, benefits, working conditions, and opportunities for career advancement. Organizations have an ethical responsibility to treat their employees with respect and dignity, and to provide a safe and healthy work environment. Failure to do so can lead to low morale, high turnover, and reputational damage.

Question 8

The primary economic agents of interest for an organization include

Accepted Answer

All of these agents have an impact on the organization's ability to generate revenue and profits. Customers are the source of revenue, competitors affect the organization's market share and pricing strategies, suppliers impact cost of goods sold, and dealers can impact distribution and sales. Therefore, all of these agents are important and cannot be ignored by the organization.

Question 9

The extent to which an organization and its members follow basic ethical standards of behavior is called legal compliance.

Accepted Answer

Legal compliance refers to following laws and regulations, not just basic ethical standards. While ethical behavior is important, it is not synonymous with legal compliance.

Question 10

Kweku Adoboli was arrested after losing $2.3 billion of UBS global equities.Adoboli's actions were

Accepted Answer

Kweku Adoboli's actions of unauthorized trading and concealing losses were illegal and unethical. His actions caused significant financial harm to UBS and its clients, and he violated both internal policies and regulatory requirements.

Question 11

Which of the following is NOT an example of a situation in which a manager is likely to be called on to make an ethical decision regarding the relationship of the firm to the employee?

Accepted Answer

Customer relations primarily involve the relationship between the firm and its customers, not the relationship between the firm and its employees.

Question 12

Which of the following is an important factor in how the organization treats economic agents?

Accepted Answer

All of these choices are important factors in how the organization treats economic agents. Competitors influence pricing strategies and marketing tactics, unions can impact employment conditions and negotiation outcomes, customers determine demand for the organization's products or services, and owners/stockholders have a stake in the financial performance of the organization. All of these factors can affect how the organization conducts itself in the market and with various economic agents.

Question 13

Someone's ethical standards are developed as a child in response to his or her

Accepted Answer

Ethical standards in children are influenced by a combination of factors including parents' and other adults' behavior, peers, and religious beliefs.

Question 14

Women in Saudi Arabia have been arrested for driving.Their actions are

Accepted Answer

The act of women driving in Saudi Arabia is currently illegal according to the country's laws. However, many argue that it is ethical for women to have the right to drive and that the current legal restriction is unjust. Therefore, despite being illegal, their actions can be considered ethical.

Question 15

Under U.S.law,it is illegal for a U.S.firm operating in a foreign country to pay bribes to get what it needs.Natives of some of those same countries consider the payment of bribes to be perfectly acceptable.Which of the following influences may account for this difference?

Accepted Answer

The difference in cultural values and norms may account for the difference in opinion on bribery between U.S. firms and natives of foreign countries. Economic, religious, and educational influences can also play a role, but cultural differences are likely the primary factor.

Question 16

The Food and Drug Administration's focus on consumer-related concerns are a form of direct regulation.

Accepted Answer

The Food and Drug Administration (FDA) is a regulatory agency that directly regulates consumer-related concerns related to food, drugs, medical devices, and tobacco products. It enforces laws and regulations to protect the public health and ensure safe and effective products. Therefore, its focus on consumer-related concerns is a form of direct regulation.

Question 17

The state of Wisconsin took measures to limit the power of state employee unions.This is an example of the

Accepted Answer

This action reflects the relationship of the firm (state government) to other economic agents (state employee unions), as it involves altering the dynamics between the government and the unions.

Question 18

Awarding funds or gifts to individuals is called philanthropic giving.

Accepted Answer

The answer of Awarding funds or gifts to individuals is...

Question 19

All of the following issues stem from how employees treat the organization EXCEPT

Accepted Answer

Wages and working conditions are issues that stem from how the organization treats its employees, not the other way around. Conflicts of interest, secrecy and confidentiality, employee honesty, and misappropriation of organizational resources are all issues that can be caused by employee behavior and attitudes towards the organization.

Question 20

A corporate social audit is a formal and thorough analysis of the effectiveness of a firm's social performance.

Accepted Answer

A corporate social audit is a methodical assessment of a company's social and environmental performance, policies, and goals. It is intended to help a firm evaluate its social impact and contribute to corporate social responsibility.

Quiz 4: The Ethical and Social Environment