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Exam 5: Managing Ethics and Social Responsibility

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Question 51

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The virtue ethics approach to ethical decision making says that moral behavior stems from personal virtues.

A) True
B) False

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Question 52

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

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B) False

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Question 53

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A(n) _____ is a formal statement of the company's values concerning ethics and social issues; it communicates to employees what the company stands for.

Level 3 of the Personal Moral Development model is Conventional.

_____ responsibility is purely voluntary and guided by a company's desire to make social contributions not mandated by economics, law, or ethics.

Managers and first-line supervisors are important role models for ethical behavior. Write a short essay that describes how the manager helps to create ethical organizations. Additionally, put yourself in the manager's shoes and compose a company credo that reflects your values.

The Supreme Court has granted corporations some of the same rights as people, so it is only fair that corporations have some of the same responsibilities as people. In a short essay, explain corporate social responsibility and the four criteria used to evaluate it. Arrange the four criteria in order from the one you deem to be most important to the one you deem to be least important in assessing corporate social responsibility, and explain your rationale for ranking them in that order.

Procedural justice requires that rules be stated clearly, consistently and impartially enforced, and administered fairly.

Most ethical dilemmas in business involve a conflict between stakeholders and shareholders.

If something is ethical, it must not be illegal.

Management's obligation to make choices that will contribute to the well being of both the organization and society is known as _____.

Individualism is popular in the highly organized society of today because it supports immediate self-gain.

_____ is economic development that generates wealth and meets the needs of their current generation while focusing on future generations.

Economic development that generates wealth and meets the needs of the current population while preserving the environment for the needs of future generations refers to sustainability.

Individuals at the _____ level are guided by an internal set of values and standards and will even disobey rules or laws that violate these principles.

Principled level of moral development is also referred to as the postconventional level.

In what stage of personal moral development is a person mostly concerned with external rewards and personal consequences of an action?

_____ justice requires that different treatment of people not be based on arbitrary characteristics.

Which of the following is not a concern to managers under the justice approach?

_____ programs help employees deal with ethical questions and translate the values stated in a code of ethics into everyday behavior.