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Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

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Question 1

Multiple Choice

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Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action?

A) Naive immoralism
B) Friedman doctrine
C) Ethnocentrism
D) Utilitarianism
E) Righteous moralism

F) None of the above
G) A) and B)

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Question 2

Multiple Choice

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

A) Auditing past decisions made in the company
B) Protecting the fundamental rights of stakeholders
C) Taking care of the interests of external stakeholders
D) Placing its economic interests before its moral principles
E) Adopting the moral principles specified in the code of ethics of the company

F) D) and E)
G) C) and E)

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Question 3

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According to Milton Friedman, businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to expedite government formalities. However, in countries where such payments are considered as unethical, the company restricts its managers from indulging in such activities. This behavior of the company illustrates the straw man approach of:

An organizational culture that requires all decisions to be purely economic allows unethical behavior to flourish and persist.

Noblesse oblige is a French term referring to those multinationals that have unethically used their power for private gain.

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions obliges member-states and other signatories to make the bribery of foreign public officials a criminal offense.

In a business setting, managers sometimes do not realize they are behaving unethically, primarily because they:

Which of the following approaches to ethics holds that an action is judged desirable if it leads to the best possible balance of good consequences over bad consequences?

Davis is the manager of a pharmaceutical manufacturing facility in a developing country. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. He knows that demanding a better manufacturing unit will raise the cost of the drugs mainly exported to other less developed countries, and hence its price. But he also realizes that by not demanding a better unit, the employees are prone to serious health issues. Davis is facing:

The utilitarian philosophy for business ethics primarily focuses on:

Businesses can make sure that they are hiring individuals with strong personal ethics by:

Brain Wing Inc. has won the bid to build airplanes for a host country government. However, the execution of the contract has been delayed due to certain unproductive, bureaucratic procedures in the less developed nation. In order to legally overcome this problem, Brain Wing Inc. could resort to the payment of:

The primary purpose for which managers use a moral compass is to:

Which of the following occurs when a resource held jointly by all, but owned by no one, is overused by individuals, resulting in its degradation?

Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constraints in each market. Employees are penalized for any shortfall. This has caused many employees to falsify the values of their sales. In this context, the roots of unethical behavior can be traced to:

According to the theory of rights:

Which of the following explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business?

Jonathan is the manager of his company's facilities in the Philippines. He believes in ensuring the exact same standards of working conditions, wages, and labor management in the Philippines as practiced by the company's corporate office in its home country, the United States. His policy does not always lead to profits because of the vast cultural differences between the two nations. Which of the following straw men approaches to ethics is most likely being adopted by Jonathan?

The CEO of United Synergy Inc., a company in its embryonic stage, believes that unethical behavior will result in premature decline of the company. In order to ensure that the company starts operating in the most ethical manner, the CEO should: