Question 1

The idea that consumers have the right to safety,right to be heard,right to choose,and right to be informed came from ____________ in ________.
A)Theodore Roosevelt;1930.
B)The Food and Drug Act;1906.
C)John F.Kennedy;1962.
D)George W.Bush;2004.

Accepted Answer

The four rights mentioned in the question are collectively known as Consumer Bill of Rights. This concept was introduced by US President John F. Kennedy in a speech in 1962, where he outlined the government's responsibility to protect consumers from harmful and deceptive business practices.

Question 2

The pharmaceutical industry has found that advertising directly to the consumer minimizes problems experienced earlier with consumers regarding their confidence in products.

Accepted Answer

Direct-to-consumer advertising can actually increase consumer skepticism and concerns about the products, as it may lead to questions about the necessity, efficacy, and potential side effects of the medications being advertised.

Question 3

Organizations have many ethical obligations to their employees including
A)right to privacy,right to a safe workplace,right to promotional opportunities
B)right to privacy,right to a safe workplace,right to freedom of speech
C)right to a safe workplace,right to freedom of speech,right to promotional opportunities
D)right to a safe workplace,right to freedom of speech,right to three weeks vacation
E)right to fair treatment,right of privacy,right to c-level opportunities if they earned their MBA

Accepted Answer

The answer of Organizations have many ethical obligations to their...

Question 4

Companies face a myriad of stakeholders that often have conflicting interests.Briefly describe a company or an incident that demonstrates how stakeholders' conflicting interests can lead to unethical behavior.

Accepted Answer

The answer of Companies face a myriad of stakeholders that...

Question 5

In ethical decision-making and particularly in cases dealing with product safety,firms are best served when they consider the long-term consequences of a decision.

Accepted Answer

Considering long-term consequences can help firms avoid potential harm to consumers, damage to their reputation, and legal or financial consequences. It's important to weigh short-term gains against potential long-term risks and liabilities when making ethical decisions related to product safety.

Question 6

In a classic example of failing to protect its employees,___________ knew asbestos caused cancer as early as 1930.However,the company lied to its employees and used several tactics to cover-up the product's effects.
A)Johnson & Johnson
B)A)H.Robbins
C)Manville Corporation
D)McWane,Inc.

Accepted Answer

Manville Corporation was one of the major manufacturers of asbestos-containing products and knew about the health hazards associated with asbestos exposure. Despite knowing the risks, they failed to protect their employees and concealed the dangers of asbestos to continue their business operations. Manville Corporation faced numerous lawsuits and ultimately filed for bankruptcy due to the liability claims caused by asbestos-related diseases.

Question 7

The due care theory involves at least the elements set out below.
A)products and services meet all government regulations and specifications
B)ability to return the product if dissatisfied for any reason
C)products should be inspected regularly for quality
D)manufacturers should institute a system to recall products that prove dangerous after distribution
E)a & b
F)a,c,& d
G)all of the above

Accepted Answer

The due care theory involves ensuring that products are of high quality and safe for consumer use. This includes regularly inspecting products for quality (C) and having a system in place for recalling dangerous products (D). While meeting government regulations (A) is important, simply meeting the minimum standards set by the government may not always be sufficient to ensure consumer safety. Allowing customers to return products they are dissatisfied with (B) is generally good business practice but not necessarily a requirement of the due care theory. So, the best choice is F, which includes A, C, and D.

Question 8

For the public,the top three factors in corporate reputation are :
A)transparent and honest practices,trustworthiness,and high-quality products and services
B)transparent and honest practices,community philanthropy,and high quality products and services
C)trustworthiness,high-quality products,and a no-layoff policy
D)trustworthiness,high-quality products,and a 90-day customer return policy

Accepted Answer

Transparency and honesty are highly valued by the public, as they want to feel confident in the organizations they support. Trustworthiness is also crucial, as no one wants to support a company they can't trust. Finally, high-quality products and services are important because consumers want to feel they are getting their money's worth. Community philanthropy and no-layoff policies may also be viewed positively, but they are not as universally important as the factors listed in answer choice A.

Question 9

In this example of a conflict of interest,________ conducted a series of off-the-books partnerships that were used to hide the organization's debt and inflate its stock price.The partnerships were managed by the company's executives who stood to profit the most from the transactions.
A)Merrill Lynch
B)Enron
C)Citicorp
D)Adelphia

Accepted Answer

The scenario described is the infamous Enron scandal of the early 2000s, where the company engaged in fraudulent accounting practices to hide its true financial situation and inflate its stock price. The off-the-books partnerships were managed by Enron's executives, who stood to gain the most from the transactions. Merrill Lynch, Citicorp, and Adelphia were not involved in this scandal.

Question 10

In a 2002 poll,_________ ranked last on the "who do you trust scale."
A)Lawyers
B)Politicians
C)Chief executive officers
D)Accountants

Accepted Answer

The answer of In a 2002 poll,_________ ranked last on...

Question 11

In this classic example of a company treating its employees responsibly,____________ was the first company to offer company-paid vacations,stock ownership plans,employee suggestion program,and the guaranteed employment plan.This company has not laid off employees in the United States since 1948.
A)McWane,Inc.
B)Lincoln Electric
C)Scott Paper Company
D)Manville Corporation

Accepted Answer

The given details match with the policies and practices of Lincoln Electric, which has a long history of treating its employees with respect and responsibility. The company is known for introducing several employee-friendly programs, including company-paid vacations, stock ownership plans, employee suggestion programs, and a guaranteed employment plan. The company is also famous for its no-layoff policy since 1948, which is a testament to its commitment to employee welfare.

Quiz 10: Ethical Problems of Organizations

The idea that consumers have the right to safety,right to be heard,right to choose,and right to be informed came from ____ in .

The pharmaceutical industry has found that advertising directly to the consumer minimizes problems experienced earlier with consumers regarding their confidence in products.

Organizations have many ethical obligations to their employees including

Companies face a myriad of stakeholders that often have conflicting interests.Briefly describe a company or an incident that demonstrates how stakeholders' conflicting interests can lead to unethical behavior.

In ethical decision-making and particularly in cases dealing with product safety,firms are best served when they consider the long-term consequences of a decision.

In a classic example of failing to protect its employees,___________ knew asbestos caused cancer as early as 1930.However,the company lied to its employees and used several tactics to cover-up the product's effects.

The due care theory involves at least the elements set out below.

For the public,the top three factors in corporate reputation are :

In this example of a conflict of interest,________ conducted a series of off-the-books partnerships that were used to hide the organization's debt and inflate its stock price.The partnerships were managed by the company's executives who stood to profit the most from the transactions.

In a 2002 poll,_________ ranked last on the "who do you trust scale."

In this classic example of a company treating its employees responsibly,____________ was the first company to offer company-paid vacations,stock ownership plans,employee suggestion program,and the guaranteed employment plan.This company has not laid off employees in the United States since 1948.