Question 1

A formal statement of a company's values concerning ethics and social values is called a code of ethics.

Accepted Answer

A code of ethics is a formal statement of a company's values concerning ethics and social values.

Question 2

Anne Chinoda, top executive at Florida Blood Centers, is under pressure to resign because she took a $71,000 pay increase just months before she laid off 42 employees. Chinoda's decision lies in the domain of:
A) codified law.
B) free choice.
C) ethics.
D) social responsibility.
E) legalism.

Accepted Answer

Anne Chinoda's decision to take a significant pay increase while laying off employees raises ethical concerns. It may be considered unethical to prioritize personal gain over the well-being of employees who depend on their jobs for livelihoods. Therefore, Chinoda's decision lies in the domain of ethics.

Question 3

Many managers still look at whistle-blowers as disgruntled employees who aren't good team players.

Accepted Answer

Despite the importance of whistle-blowers in exposing wrongdoing and improving organizational ethics, many managers still view them negatively and as a threat to team unity.

Question 4

A recent poll found that more than _____ percent of people surveyed agreed with the statement that corporate America's moral compass is "pointing in the wrong direction."
A) 10
B) 25
C) 50
D) 75
E) 95

Accepted Answer

According to the question, the poll found that people surveyed agreed with the statement that corporate America's moral compass is "pointing in the wrong direction." Out of the given options, 75 percent is the closest to this statement. Therefore, Option D is the best choice.

Question 5

The assumption that "If it's not illegal, it must be ethical," ignores which of the following?
A) Domain of codified law
B) Domain of ethics
C) Domain of free choice
D) Domain of symbolism
E) All of these

Accepted Answer

The assumption only considers the domain of codified law and ignores the domain of ethics. Just because something is legal does not necessarily mean it is morally or ethically acceptable. Therefore, the assumption is flawed in ignoring the ethical domain.

Question 6

Policy-based statements generally outline the procedure to be used in specific ethical situations.

Accepted Answer

Policy-based statements provide specific guidelines and procedures to be followed in various ethical situations. These statements help organizations and individuals to make ethical decisions and take appropriate actions.

Question 7

Principle-based statements define fundamental values and contain general language about company responsibilities, quality of products, and treatment of employees.

Accepted Answer

Principle-based statements serve as a foundation for a company's values and ethics, and typically express general ideals rather than specific rules or policies.

Question 8

A new drug has not been approved by the Food and Drug Administration to sell in the United States because further testing is needed. The company has a chance to sell its product in another country immediately to start recovering the costs of research and development and production three years ahead of time. This example places the decision in the domain of:
A) ethics.
B) free choice.
C) legalism.
D) compensatory justice.
E) moral rights.

Accepted Answer

The decision involves ethical considerations, such as the potential risks and benefits to consumers in another country, and the responsibility of the company to ensure the safety and efficacy of its product before selling it.

Question 9

Codes of ethics greatly influence and ensure ethical behavior among employees and managers.

Accepted Answer

The answer of Codes of ethics greatly influence and ensure...

Question 10

A situation that arises when all alternative choices or behaviors have potentially negative consequences, making it difficult to distinguish right from wrong, is considered a(n):
A) moral agent.
B) social responsibility.
C) ethical dilemma.
D) ethical standard.
E) ethical issue.

Accepted Answer

An ethical dilemma is a situation where there are no clear choices that are completely right or wrong. Therefore, the best choice in this situation is to carefully evaluate all possible options and consider the consequences of each before making a decision. It is important to take into account any ethical standards and principles that may be applicable, as well as the potential impact on all parties involved. Seeking guidance from others or consulting ethical guidelines can also be useful in making the best decision possible.

Question 11

The decision by ABC International to downsize and reduce its labor force is in the domain of:
A) codified law.
B) free choice.
C) ethics.
D) social responsibility.
E) legalism.

Accepted Answer

The decision to downsize and reduce labor force is within the company's freedom to choose, and is not regulated by codified law or social responsibility. It may have ethical implications, but ultimately it is a business decision.

Question 12

Employee disclosure of illegal, unethical, or illegitimate practices on the employer's part is called whistle-blowing.

Accepted Answer

Whistle-blowing is when an employee discloses information about illegal, unethical, or illegitimate practices on the employer's part.

Question 13

A new approach to developing managers that many of today's best companies are taking is called global placement programs, which place employees with nonprofit organizations or small businesses, often in developing countries, to provide free or low-cost technical and managerial assistance.

Accepted Answer

The answer of A new approach to developing managers that...

Question 14

Codes of ethics tend to exist in two types: practical-based statements and policy-based statements.

Accepted Answer

The answer of Codes of ethics tend to exist in...

Question 15

An organization's decision to produce a new product is in the domain of:
A) codified law.
B) free choice.
C) ethics.
D) compensatory justice.
E) social responsibility.

Accepted Answer

The decision to produce a new product is typically based on the organization's strategic goals and free choice rather than being dictated by codified law, ethics, compensatory justice, or social responsibility. While ethical considerations and social responsibility may be factors that organizations take into account when making such decisions, ultimately the decision falls under the realm of free choice.

Question 16

Which of the following refers to the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?
A) Social responsibility
B) Free domain
C) Ethics
D) Codified law
E) Sustainability

Accepted Answer

Ethics refers to the set of moral principles and values that guide individuals or a group in determining right from wrong. It involves making decisions that align with these principles and avoiding behaviors that go against them. Social responsibility refers to the responsibilities that individuals and organizations have towards society, while free domain refers to the areas in which an individual or organization is free to make decisions without external interference. Codified law refers to laws that have been written down and officially published, while sustainability refers to the ability to maintain ecological balance and prevent depletion of natural resources.

Question 17

An organization's ethical structure may include an ethics committee, a chief ethics officer, and an ethics hotline.

Accepted Answer

The answer of An organization's ethical structure may include an...

Question 18

The amount of explicit control is __________ in the domain of __________. 
A) high; codified law 
B) high; free choice 
C) low; social responsibility 
D) low; codified law 
E) high; ethics

Accepted Answer

The answer of The amount of explicit control is __________...

Question 19

__________ is the individual who must make an ethical choice in an organization.
A) The symbolic leader
B) An obstructive manager
C) The defensive individual
D) The moral agent
E) An authoritarian manager

Accepted Answer

The moral agent is the individual who must make an ethical choice within an organization. They hold responsibility for making ethical decisions and are accountable for the outcome of their actions.

Question 20

A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance.

Accepted Answer

A chief ethics officer is a high-ranking executive responsible for ensuring that a company's business practices and policies are lawful and ethical. They oversee ethical and legal compliance in all aspects of a company's operations.

Quiz 5: Managing Ethics and Social Responsibility

A formal statement of a company's values concerning ethics and social values is called a code of ethics.

Anne Chinoda, top executive at Florida Blood Centers, is under pressure to resign because she took a $71,000 pay increase just months before she laid off 42 employees. Chinoda's decision lies in the domain of:

Many managers still look at whistle-blowers as disgruntled employees who aren't good team players.

A recent poll found that more than _____ percent of people surveyed agreed with the statement that corporate America's moral compass is "pointing in the wrong direction."

The assumption that "If it's not illegal, it must be ethical," ignores which of the following?

Policy-based statements generally outline the procedure to be used in specific ethical situations.

Principle-based statements define fundamental values and contain general language about company responsibilities, quality of products, and treatment of employees.

Codes of ethics greatly influence and ensure ethical behavior among employees and managers.

A situation that arises when all alternative choices or behaviors have potentially negative consequences, making it difficult to distinguish right from wrong, is considered a(n) :

The decision by ABC International to downsize and reduce its labor force is in the domain of:

Employee disclosure of illegal, unethical, or illegitimate practices on the employer's part is called whistle-blowing.

A new approach to developing managers that many of today's best companies are taking is called global placement programs, which place employees with nonprofit organizations or small businesses, often in developing countries, to provide free or low-cost technical and managerial assistance.

Codes of ethics tend to exist in two types: practical-based statements and policy-based statements.

An organization's decision to produce a new product is in the domain of:

Which of the following refers to the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?

An organization's ethical structure may include an ethics committee, a chief ethics officer, and an ethics hotline.

The amount of explicit control is in the domain of .

__________ is the individual who must make an ethical choice in an organization.

A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance.