Managing Ethics and Social Responsibility
50 questions available
Questions
What is the term for the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?
View answer and explanationAccording to the three domains of human action described in the chapter, which domain has no specific laws but has standards of conduct based on shared principles and values?
View answer and explanationA Gallup poll mentioned in the chapter regarding the perception of business leaders found what percentage of respondents rated leaders' honesty and ethical standards as 'high' or 'very high'?
View answer and explanationAccording to a survey of Wall Street workers by the law firm Labaton Sucharow, what percentage of finance professionals indicated they would cheat to make 10 million dollars if they could get away with it?
View answer and explanationWhich of the following is one of the four primary ways ethical managers behave, as detailed in Exhibit 5.2?
View answer and explanationThe chapter highlights a significant increase in the ratio of CEO pay to the average worker's pay. In 1980, CEO pay was about 42 times that of the average worker. What was this ratio in 2012?
View answer and explanationWhat is an ethical dilemma?
View answer and explanationWhich ethical decision-making approach holds that the moral choice is the one that produces the greatest good for the greatest number of people?
View answer and explanationWhich ethical framework asserts that human beings have fundamental rights and liberties, such as the right to privacy and free speech, that cannot be taken away by an individual's decision?
View answer and explanationDistributive justice, a concept within the justice approach to ethics, requires that:
View answer and explanationWhich ethical decision-making framework sidesteps debates about what is right or wrong in a moral sense and instead bases decisions on prevailing standards of the profession and the larger society?
View answer and explanationAt the preconventional level of personal moral development, what is the primary motivation for an individual's behavior?
View answer and explanationAt which level of personal moral development do people learn to conform to the expectations of good behavior as defined by society, and at which the 'great majority of managers operate'?
View answer and explanationAccording to the chapter, what percentage of American adults reach the postconventional stage of moral development?
View answer and explanationBased on the research by Adam Grant at the Wharton School, what did he find to be the single biggest predictor of a team’s effectiveness?
View answer and explanationWhat is the formal definition of corporate social responsibility (CSR)?
View answer and explanationWhat is a stakeholder in an organization?
View answer and explanationWhat is the purpose of stakeholder mapping?
View answer and explanationA recent survey on the green movement found that what percentage of Americans think that businesses should implement environmentally friendly practices?
View answer and explanationWhat is sustainability in the context of corporate social responsibility?
View answer and explanationThe triple bottom line, a way of measuring corporate success under a sustainability philosophy, refers to which three performance dimensions?
View answer and explanationAccording to the model for evaluating corporate social performance, total CSR can be divided into which four primary criteria?
View answer and explanationThe profit-maximizing view of economic responsibility, advocated by Nobel economist Milton Friedman, argues that a corporation's sole mission is to:
View answer and explanationWhich level of corporate social responsibility is purely voluntary and is guided by a company’s desire to make social contributions not mandated by economics, law, or ethics?
View answer and explanationThe term for an organization that pursues a positive human impact, moral goodness, and unconditional society betterment for its own sake is known as:
View answer and explanationWhat is meant by the term 'ethical leadership'?
View answer and explanationWhat is a code of ethics?
View answer and explanationWhat is the role of a chief ethics officer?
View answer and explanationWhat is whistle-blowing?
View answer and explanationIn the context of the three domains of human action, a manager's choice of which of two well-qualified candidates to hire for an open position falls into which domain?
View answer and explanationOne survey cited in the chapter found that more than 75 percent of people agree that corporate America's moral compass is 'pointing in the wrong direction'. What percentage said that executives rarely consider the public good?
View answer and explanationWhich ethical approach contends that acts are moral when they promote the individual's best long-term interests, with the idea that if everyone pursues self-direction, the greater good is ultimately served?
View answer and explanationWhich type of justice argues that individuals should be compensated for the cost of their injuries by the party responsible?
View answer and explanationWhich groups are considered primary stakeholders, without whom the organization cannot survive?
View answer and explanationIn the triple bottom line framework, the 'People' component looks at how socially responsible the organization is in terms of what?
View answer and explanationThe 'Planet' aspect of the triple bottom line measures an organization's commitment to what?
View answer and explanationWhat is the first and most basic criterion of social responsibility in the four-part evaluation model?
View answer and explanationBehaviors that are not necessarily codified into law and may not serve a corporation's direct economic interests, but are based on principles of equity and fairness, fall under which category of corporate social responsibility?
View answer and explanationThe individual who must make an ethical choice in an organization is known as the:
View answer and explanationCodes of ethics that define fundamental values and contain general language about company responsibilities and product quality are known as what type of statements?
View answer and explanationWhat is an ethics committee?
View answer and explanationWhen the justice approach to ethics requires that rules be clearly stated, and consistently and impartially enforced, it is referring to which type of justice?
View answer and explanationA study by Walker Research indicates that, with price and quality being equal, what proportion of customers would switch brands to do business with a company that is ethical and socially responsible?
View answer and explanationA survey cited in the chapter found that a whopping 94 percent of respondents say that executives make decisions based primarily on what motivation?
View answer and explanationWhich normative approach to ethics is considered closest to the thinking underlying the domain of codified law because it assumes that justice is applied through rules and regulations?
View answer and explanationIn the model of personal moral development, which leadership style is associated with the preconventional level?
View answer and explanationAccording to the model of moral development in Exhibit 5.3, what leadership style and employee behavior are characteristic of the conventional level?
View answer and explanationWhat type of leadership is associated with the postconventional, or principled, level of moral development?
View answer and explanationAs a response to the potential problems of MBO, such as an overemphasis on 'meeting the goals', the chapter on planning (Chapter 7) introduces a new systematic approach that focuses attention on the methods and processes used to achieve goals. What is this approach called?
View answer and explanationWhich of the following best describes the primary goal of stakeholder mapping as practiced by companies like Gap Inc.?
View answer and explanation