Question 1

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights,which itself is grounded in Kantian and rights-based theories of moral philosophy.In the context of this information,this company is most likely to:

Accepted Answer

The fact that the company's code of ethics draws heavily upon documents such as the UN Universal Declaration of Human Rights, which is grounded in Kantian and rights-based theories of moral philosophy, suggests that the company prioritizes the value of individual dignity and the right to freedom of association. Therefore, the company is most likely to respect the right of employees to join any trade union of their choice, set realistic performance goals, promote based on meritocracy, and provide favorable working conditions.

Question 2

Describe how violation of the apartheid laws by Western businesses helped improve human rights in South Africa.

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Question 3

Which of the following is most likely to a function of ethics officers in firms?

Accepted Answer

Ethics officers are responsible for ensuring that all decisions made by the company are consistent with the company's moral principles. They work to audit decisions and provide guidance to ensure that the company acts in an ethical and responsible manner.

Question 4

Which of the following approaches to ethics helps to provide a moral compass to managers?

Accepted Answer

John Rawls's theory of justice provides a foundation for determining fair and just practices in decision-making, providing a moral compass for managers. It emphasizes the importance of fairness and treating individuals with respect, which is essential for ethical decision-making. This theory considers the needs of all individuals in society, including the least advantaged, thereby encouraging managers to consider the well-being of all stakeholders.

Question 5

Discuss the arguments that are for and against the payment of bribes and speed money.

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Question 6

Discuss the environmental issues related to businesses operating in developing nations.

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Question 7

People who work for or own the company such as employees,board of directors,and investors are commonly referred to as:

Accepted Answer

Internal stakeholders are those who are directly involved with the company and have a vested interest in its success, including employees, board of directors, and investors. External stakeholders, on the other hand, are individuals or organizations outside of the company, such as customers, suppliers, and government agencies. Category captains, boundary spanners, and idea champions are all different roles or positions within a company and do not necessarily refer to all employees, board members, or investors.

Question 8

Discuss the global tragedy of the commons.

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Question 9

When an employee says no to a supervisor because what he/she was asked to do was unethical,it exhibits the employee's:

Accepted Answer

When an employee says no to a supervisor because what he/she was asked to do was unethical, it exhibits the employee's moral courage, which is the ability to stand up for what is right in the face of adversity or pressure. Organizational citizenship refers to going above and beyond what is required in one's job duties. Ethical dilemma refers to a situation in which an individual must make a difficult moral decision. Cross-cultural literacy refers to the ability to understand and navigate different cultures. Cultural relativism is the belief that one's own cultural values should not be imposed on another culture. None of these choices accurately describe the situation described in the question.

Question 10

What are grease payments?

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Question 11

_____ fall into the category of external stakeholders of an organization.

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Question 12

Which of the following steps in ethical decision-making is most likely to help businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics?

Accepted Answer

Auditing past decisions would allow businesspeople to assess whether their decision-making process has been in compliance with the company's code of ethics. This would involve reviewing previous decisions and identifying any ethical violations or areas for improvement. This step would enable businesspeople to make changes and improve their decision-making process to ensure greater compliance with their code of ethics.

Question 13

Elephas Inc.is a steel rod manufacturing company that has customers,investors,vendors,and competitors from all across the globe.Of the following business associates,who would fall into the category of internal stakeholders?

Accepted Answer

Internal stakeholders are those who are directly involved in the day-to-day operations or decision-making of a company. Matt, being a prominent member of the top management of Elephas Inc., would fall under this category.

Question 14

Which of the following statements is true about ethical decision-making?

Accepted Answer

Ethical decision-making requires managers to take into consideration the interests and rights of all stakeholders, both internal and external. Managers must ensure that their decisions do not violate any fundamental rights of the stakeholders. This approach is consistent with the stakeholder theory, which emphasizes that corporations have a responsibility to its stakeholders beyond just its shareholders. It is also in line with the principles of corporate social responsibility, which calls for businesses to operate in a way that considers the impact of their decisions on society and the environment. Therefore, option E is the correct statement. The other statements are incorrect as they do not align with ethical decision-making principles.

Question 15

The process of ethical decision-making or ethical algorithm typically begins with:

Accepted Answer

The process of ethical decision-making typically begins by identifying stakeholders and considering the impact of the decision on them. This helps ensure that all parties involved are considered and that the decision is made with their best interests in mind. From there, managers can establish a moral intent, judge the ethics of the proposed decision, and audit it to check for consistency with ethical principles. The reviewing of a decision for consistency with Rawls's veil of ignorance is not typically a step in the process of ethical decision-making.

Question 16

How can companies strengthen the moral courage of employees?

Accepted Answer

Setting up ethics hotlines provides a safe and confidential platform for employees to report unethical behavior without fear of retaliation. This encourages employees to speak up and strengthens their moral courage. Opposing whistle-blowing or retaliating against employees who complain about unethical actions can discourage employees from speaking up and weaken their moral courage. Setting difficult goals for employees or sanctioning those who adopt the principles of veils of ignorance do not necessarily strengthen moral courage.

Question 17

Which of the following is the last step in ethical decision-making?

Accepted Answer

Step five, the last step in a stakeholder analysis, requires the business to audit its decisions, reviewing them to make sure they were consistent with ethical principles, such as those stated in the company's code of ethics.

Question 18

In a business setting,which of the following practices is most likely to be considered as unethical?

Accepted Answer

Making decisions solely based on economic sense and ignoring social costs and risks is often considered unethical as it ignores the impact of the decision on stakeholders and society as a whole. Other options promote ethical behavior and accountability within the organization, which is generally considered ethical.

Question 19

Which of the following practices should be avoided by a company to ensure ethical decision-making?

Accepted Answer

Placing economic interests before moral principles is a violation of ethical decision-making. It shows that the company is prioritizing profits over doing what is morally right. This can lead to unethical practices such as cutting corners, exploiting employees or customers, or engaging in bribery or corruption. Ethical decision-making requires putting moral principles first and considering the well-being of all stakeholders.

Question 20

Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder?

Accepted Answer

Moral imagination is the ability to put oneself in the position of stakeholders and imagine how a decision might affect them. It is an important aspect of ethical decision-making.

Quiz 5: Ethics in International Business