Question 1

Article 19 of the Universal Declaration of Human Rights, United Nations, states that everyone has the right to freedom of opinion and expression.

Accepted Answer

This statement is true according to Article 19 of the Universal Declaration of Human Rights, adopted by the United Nations General Assembly on December 10, 1948.

Question 2

Commutative justice is the degree to which others are treated with dignity and respect.

Accepted Answer

Commutative justice pertains to the fairness in exchange and transactions between individuals or groups. Treating others with dignity and respect is important, but it is not the definition of commutative justice.

Question 3

Values tend to be quite flexible within individuals, so we can train employees to hold certain values.

Accepted Answer

Values are deeply ingrained and tend to be stable over time, making it challenging to "train" someone to hold certain values. They are shaped by a combination of personal experiences, cultural background, and societal influences.

Question 4

Many companies are developing a formal statement of values and standards called a __________.
A) statement of values
B) corporate beliefs statement
C) corporate values statement
D) code of ethics

Accepted Answer

A code of ethics is a formal statement that outlines the values, beliefs, and standards of behavior that employees are expected to follow in a particular organization. While statements of values or corporate beliefs statements may be similar, they are not as specific as a code of ethics and may not provide guidance on ethical decision-making.

Question 5

Fortunately, in deciding on what behavior is ethical, one can simply follow the "letter of the law."

Accepted Answer

Following the "letter of the law" may not always result in ethical behavior. There may be actions or decisions that are technically legal but still morally wrong or harmful. Ethical conduct involves considering the impact of one's actions on others and making decisions based on principles of honesty, fairness, and respect.

Question 6

Ethical dilemmas often arise out of the conflicting desires of managers, employees, and customers.

Accepted Answer

Ethical dilemmas can arise when there are conflicting interests between different parties involved in a business, such as managers, employees, and customers. For example, a manager may want to prioritize profits over employee well-being, while an employee may want to prioritize their own job security over reporting unethical behavior. These conflicts can lead to difficult ethical decisions.

Question 7

A(n) __________ manager fails to consider ethics.
A) moral
B) amoral
C) immoral
D) Theory X

Accepted Answer

An amoral manager is one who does not take ethics into consideration in decision-making. A moral manager would prioritize ethical considerations, while an immoral manager would actively make unethical decisions. Theory X management theory pertains to a manager's assumptions about employees and their motivations, and is therefore not relevant to the question of ethical considerations.

Question 8

The individualism view of ethics is somewhat the reverse of the utilitarian view.

Accepted Answer

The utilitarian view focuses on the greatest good for the greatest number of people, while the individualism view prioritizes the rights and freedoms of the individual over the needs of the group.

Question 9

Risk taking by entrepreneurs striving to solve pressing social issues is called __________.
A) socioeconomic dynamics
B) social entrepreneurship
C) corporate governance
D) entrepreneurial spirit

Accepted Answer

Social entrepreneurship refers to the process of taking risks by entrepreneurs to address social problems, with the ultimate goal of creating social impact and change. This involves applying business principles and innovative approaches to create sustainable solutions to problems in areas such as education, healthcare, and poverty alleviation. The other options, socioeconomic dynamics, corporate governance, and entrepreneurial spirit, are not specific to the concept of risk-taking by entrepreneurs to address social problems.

Question 10

The __________ view of corporate social responsibility is that business should focus on contributions to society, not just making profits.
A) socioeconomic
B) legal
C) classical
D) entrepreneurial

Accepted Answer

The socioeconomic view of corporate social responsibility suggests that businesses should go beyond profit-making and focus on contributing to society, including addressing social issues and promoting social justice. The legal view emphasizes compliance with laws and regulations, while the classical view holds that businesses are primarily responsible for maximizing profits within legal and ethical boundaries. The entrepreneurial view sees businesses as agents of change and innovation.

Question 11

The most common unethical acts by managers and supervisors include verbal, sexual, and racial harassment; misuse of company property; and giving preferential treatment.

Accepted Answer

These are indeed some of the most common unethical acts by managers and supervisors.

Question 12

__________ responsibility exists when an organization earns a profit through the provision of goods and services desired by customers.
A) Economic
B) Legal
C) Ethical
D) Discretionary

Accepted Answer

Economic responsibility is the obligation of an organization to make a profit by providing customers with goods and services they want or need. This responsibility is essential for the long-term survival of the business, as well as for providing employment opportunities and contributing to the economy. Legal responsibility refers to obeying relevant laws and regulations, ethical responsibility relates to doing what is right and fair, and discretionary responsibility involves voluntary actions that go beyond what is required by law or ethics. While all of these responsibilities are important, economic responsibility is the foundation on which the other responsibilities can be built.

Question 13

The __________ view of corporate social responsibility is that business should focus on the pursuit of profits.*
A) socioeconomic
B) legal
C) classical
D) entrepreneurial

Accepted Answer

Classical view of corporate social responsibility believes that the primary goal of business is to maximize profits for its shareholders, and any social responsibilities or concerns are secondary.

Question 14

John is a middle manager. He chooses to stay out of ethical issues because "they are too messy." John is a(n) __________ manager.
A) moral
B) amoral
C) immoral
D) theory X

Accepted Answer

The answer of John is a middle manager. He chooses...

Question 15

One of the problems in stopping unethical behavior is that those who commit unethical acts often justify their actions in such a way as to make the actions seem acceptable to them.

Accepted Answer

This is correct as rationalization and justification are common cognitive biases used by individuals to justify their unethical actions.

Question 16

__________ is making use of natural resources to meet today's needs while also preserving and protecting the environment for use by future generations.
A) Abundant consumer
B) Protectionist business
C) Sustainable development
D) Environmental capital

Accepted Answer

Sustainable development refers to the practice of utilizing natural resources while minimizing harm to the environment, so that resources will be available for future generations. It involves balancing economic, social, and environmental concerns to ensure long-term sustainability. The other options, such as "abundant consumer" and "protectionist business," do not accurately describe this concept. "Environmental capital" is a related concept, but it refers specifically to the value of ecosystems and natural resources in economic terms, rather than the broader idea of sustainable development.

Question 17

Of the following statements about whistleblowers, which is true?
A) Unfortunately, whistleblowers are never successful in getting changes made.
B) Whistleblowers are subjected to harassment, but fortunately, the law always protects them.
C) Whistleblowers are eager to act.
D) Whistleblowers careers may suffer.

Accepted Answer

Whistleblowers often face negative consequences in their careers, such as being blacklisted or fired, which can harm their future job prospects. While some whistleblowers have been successful in getting changes made, it is not always the case. The level of legal protection provided to whistleblowers depends on the country and specific laws in place, so it cannot be said that the law always protects them. While some whistleblowers may be eager to act, others may be hesitant due to fear of repercussions.

Question 18

The group of all people and institutions directly impacted by a firm are called __________.
A) stock holders
B) general partners
C) interested parties
D) stakeholders

Accepted Answer

The group of all people and institutions directly impacted by a firm are referred to as stakeholders. This includes employees, customers, suppliers, local communities, shareholders, and other relevant groups. Therefore, choice D is the most appropriate answer.

Question 19

According to one survey, almost 25% of U.S. workers admitted to committing unethically questionable acts within the past year.

Accepted Answer

The answer of According to one survey, almost 25% of...

Question 20

The obligation of an organization to its stakeholders as well as its own interests is called __________.*
A) altruism
B) corporate social responsibility
C) philanthropy
D) corporate interest

Accepted Answer

Corporate social responsibility refers to an organization's responsibility to consider the impacts of its activities on its stakeholders (including employees, customers, suppliers, and the wider community), as well as the organization's own interests. It involves taking voluntary actions to go beyond legal requirements and contribute to social and environmental goals. Altruism and philanthropy refer specifically to acts of giving and selflessness, while corporate interest only considers the organization's own interests without regard for stakeholders.

Quiz 3: Ethics and Social Responsibility: Character Doesnt Stay Home When We Go to Work

Article 19 of the Universal Declaration of Human Rights, United Nations, states that everyone has the right to freedom of opinion and expression.

Commutative justice is the degree to which others are treated with dignity and respect.

Values tend to be quite flexible within individuals, so we can train employees to hold certain values.

Many companies are developing a formal statement of values and standards called a __________.

Fortunately, in deciding on what behavior is ethical, one can simply follow the "letter of the law."

Ethical dilemmas often arise out of the conflicting desires of managers, employees, and customers.

A(n) __________ manager fails to consider ethics.

The individualism view of ethics is somewhat the reverse of the utilitarian view.

Risk taking by entrepreneurs striving to solve pressing social issues is called __________.

The __________ view of corporate social responsibility is that business should focus on contributions to society, not just making profits.

The most common unethical acts by managers and supervisors include verbal, sexual, and racial harassment; misuse of company property; and giving preferential treatment.

__________ responsibility exists when an organization earns a profit through the provision of goods and services desired by customers.

The __________ view of corporate social responsibility is that business should focus on the pursuit of profits.*

John is a middle manager. He chooses to stay out of ethical issues because "they are too messy." John is a(n) __________ manager.

One of the problems in stopping unethical behavior is that those who commit unethical acts often justify their actions in such a way as to make the actions seem acceptable to them.

__________ is making use of natural resources to meet today's needs while also preserving and protecting the environment for use by future generations.

Of the following statements about whistleblowers, which is true?

The group of all people and institutions directly impacted by a firm are called __________.

According to one survey, almost 25% of U.S. workers admitted to committing unethically questionable acts within the past year.

The obligation of an organization to its stakeholders as well as its own interests is called __________.*