HumanitiesBUS 101 Ch. 4
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BUS 101 Ch. 4

Tiffany Phillips avatar Tiffany Phillips
21 August 2022
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30 test answers

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question
We describe charitable donations by corporations to nonprofit organizations as _________.
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corporate philanthropy
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Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?
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New laws making accounting records transparent and punishing the wrongdoers may help restore trust.
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Ethical dilemmas in business:
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between equally unsatisfactory alternatives.
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Ethical behavior will result in which of the following?
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Improved self-esteem - makes us feel good about our decision.
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An ethical dilemma refers to a situation where you must:
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choose between equally unsatisfactory alternatives.
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________ refers to standards of moral behavior
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Ethics.
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Ethical behavior at work is learned by:
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Observing the actions of others
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True or False. Punishing business leaders who have broken the law may help restore trust in the free-market system and leaders in general.
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True
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Corporate social responsibility describes the firm's:
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concern for the welfare of society
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A(n) _______ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.
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compliance
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Bernie Madoff's Ponzi scheme swindled about $65 million from customers who invested with his firm. Enron and WorldCom participated in inappropriate accounting methods. According to the Legal Briefcase, "Cost of Corruption":
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The notion that the financial system is complicated and difficult to understand often perpetuates these crimes.
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A whistleblower is a person who:
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reports illegal or unethical behavior in the corporation.
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The purpose of a(n) ________ is to evaluate an organization's progress towards implementing programs that are socially responsible and responsive.
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social audit
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A social audit is:
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a company report that measures the firm's social contributions inside and outside of the firm.
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A payoff for socially conscious behavior is
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new and loyal customers.
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Corporate value are:
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learned by observing the actions of others int he organizations especially the top leaders.
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To improve America's business ethics:
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company leaders should adopt and support a corporate code of ethics.
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Following an ethics-based approach to decision making will normally lead to higher:
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trust and cooperation.
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True or False. Moral behavior refers to behavior that is accepted by society as right versus wrong.
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True
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The majority of CEOs blame unethical employee conduct on:
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a failure of leadership to establish ethical standards.
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Business relationships often present ethical dilemmas that are:
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not easily resolved.
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The Green Movement:
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has created jobs.
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Creating competition between employees within the corporation:
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can encourage employees to adopt unethical practices
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When working with international firms, U.S. businesses should:
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expect socially responsible behavior from their business partners.
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Green washing:
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is the appearance of being "green", when in fact the business is only making green claims without genuinely demonstrating a commitment to going green.
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When a firm undertakes corporate social initiatives it is:
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Making donations that are directly related to a firm's corporate competency.
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A(n) _______ -based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees.
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integrity
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A very critical last step in the process of establishing an ethics code is _________.
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enforcement
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What is the benefit of employing an ethics officer?
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This individual's job is dedicated to objectively investigating ethics breaches. If necessary, employees feel comfortable with communicating confidentially to this professional.
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Insider trading involves
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investors using private company information to further their own fortunes.