Question 1

In some foreign countries, paying bribes and kickbacks is acceptable.

Accepted Answer

In certain countries, people may expect or demand bribes in order to offer services or do business. However, it is important to note that paying bribes is unethical and illegal in many countries, including the United States.

Question 2

The EEOC recovered $376 million on behalf of office romance victims in 2009.

Accepted Answer

The answer of The EEOC recovered $376 million on behalf...

Question 3

Some strategists agree with Ralph Nader, who asserts that organizations have no obligation to do any more for society than is legally required.

Accepted Answer

The answer of Some strategists agree with Ralph Nader, who...

Question 4

A bribe is a gift bestowed to influence another's conduct.

Accepted Answer

A bribe is indeed a gift given with the intention of influencing someone's actions or decisions. It is a form of unethical behavior and is often illegal.

Question 5

Integrating ethical decision making into the performance appraisal process is one way that firms can align ethical and strategic decision making.

Accepted Answer

By including ethical criteria in the performance appraisal process, employees are provided with clear expectations of ethical behavior and are incentivized to make decisions that align with both the firm's strategic goals and its ethical values. This also helps to reinforce the importance of ethical decision making throughout the organization.

Question 6

The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met.

Accepted Answer

Making enough profit to cover the costs of the future is necessary for any business to sustain itself and fulfill its other social responsibilities.

Question 7

Ralph Nader believes that big firms like ExxonMobil, which has more assets than most countries, have an obligation to help society cure its many ills.

Accepted Answer

Ralph Nader has been an advocate for corporate responsibility and believes that massive corporations like ExxonMobil should not only focus on their profits but also use their wealth and resources to address social issues and contribute to the common good.

Question 8

Firms should strive to engage in social activities that have no economic benefits, to avoid their being viewed as public relations ploys.

Accepted Answer

The answer of Firms should strive to engage in social...

Question 9

In 2011, Fortune magazine cited Kirin Holdings, Carlsberg, and Asahi Breweries as the three least admired companies from a social responsibility perspective.

Accepted Answer

This statement is true.

Question 10

Social policy concerns what responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups.

Accepted Answer

Social policy is concerned with the responsibilities that a firm has towards various groups, including employees, consumers, minorities, etc.

Question 11

After decades of debate and struggle, firms have finally definitively determined the appropriate social policies.

Accepted Answer

The statement is false. Social policies and their appropriateness continue to be debated and struggled over by firms and society as a whole.

Question 12

Corporate social policy should be reaffirmed or changed during strategy implementation.

Accepted Answer

The answer of Corporate social policy should be reaffirmed or...

Question 13

In Europe, romantic relationships at work are frowned upon, and most firms have policies prohibiting the practice.

Accepted Answer

The answer of In Europe, romantic relationships at work are...

Question 14

A recent Wall Street Journal article reported that 80 percent of all firms sampled had no restrictions on relationships between a supervisor and a subordinate.

Accepted Answer

The answer of A recent Wall Street Journal article reported...

Question 15

In 2011, Walt Disney, Starbucks, and Fiat were the three most admired socially responsible companies according to Fortune magazine.

Accepted Answer

Fortune magazine's list of most admired companies is not specifically focused on social responsibility, and the rankings can vary each year. In 2011, Apple, Google, and Berkshire Hathaway were among the top admired companies overall.

Question 16

Corporate social policy should be designed and articulated during strategy formulation.

Accepted Answer

Corporate social policy should be an integral part of the overall corporate strategy and should be developed and articulated during the strategy formulation process. This ensures that the company's commitment to social responsibility is aligned with its mission, values, and objectives, and that it is integrated into its business operations and decision-making processes.

Question 17

Monitoring departmental and corporate performance regarding ethical issues can cause firms to misalign ethical and strategic decision making.

Accepted Answer

The answer of Monitoring departmental and corporate performance regarding ethical...

Question 18

European firms are increasingly adopting explicit, American-style sexual harassment laws.

Accepted Answer

This statement is true. In response to the #MeToo movement, many European companies are implementing explicit sexual harassment policies modeled on those already in place in America.

Question 19

Royal Dutch Shell PLC and several other companies recently paid a combined $236 million settlement due to allegations that they bribed foreign officials.

Accepted Answer

This statement is true. Royal Dutch Shell and other companies paid a settlement of $236 million due to allegations of bribery of foreign officials.

Question 20

In order to be considered bribery, the gift offered must be either money or a physical item.

Accepted Answer

Bribery can involve the exchange of money or any item of value, not just physical items. It can also involve offering services, favors, or promises of future benefits.

Quiz 10: Business Ethicssocial Responsibilityenvironmental Sustainability