B 190 Chapter 4 Lecture Module And Questions Flashcards ionicons-v5-c

1. Generally speaking, if an action is

legal, it may not necessarily be ethical.

2. Which of the following statements regarding ethical dilemmas is TRUE?

There are no easy solutions to ethical dilemmas.

3. Society's accepted standards of moral behavior are referred to as

ethics

1. Nathan has just been asked by his supervisor to engage in an unethical activity. Nathan has a gut feeling that what he is being asked to do is wrong and he is worried that his family and friends will think poorly of him if he carries out his supervisor's request. What "ethics check question" does Nathan appear to be focusing on the most?

How will it ake me feel about myself

2. A U.S. Department of Defense official has made it clear that, for a generous contribution, he would make sure your firm wins a hefty defense contract. In this situation, what "ethics check question" should you consider first?

is it legal?

3. Which of the following is NOT one of the three questions one should ask when facing an ethical dilemma?

will it help me advance my career?

1. Managers should run a business ethically because

its the right thing to do

2. Ethical behavior in an organization begins with

top management

3. Managers should adopt codes of ethics and implement ethics training for all employees in the organization because

employees will become more aware of ethical issues and understand what behavior is expected if they confront such an issue.

1. The ethical codes that tell employees what behavior is expected of them and establish the punishment for any violations are called _______ ethics codes

compliance based

2. Janet is the secretary to the CEO. The CEO uses the corporate jet to travel to locations where he acts as a private consultant. Janet knows that he does not disclose his consulting activities or the use of the corporate jet for personal gain, and she decides to make the CEO's activities public by alerting the board of directors. Janet is a(n)

whistleblower

3. All of the following are critical steps to improving business ethics EXCEPT

minimizing penalties for violations

4. The ethics code that defines the values that help create an ethically-sound environment for all workers and outlines the shared accountability of the entire company is called a(n)

integrity based ethics code

5. The ethics code at the company where Quincy works sets forth a strict "no tolerance" policy for accepting gifts from suppliers or vendors and outlines the penalties for violating this policy. Based on this information, it appears that this policy is a(n)

compliance based ethics code

1. Grant-Jackson Publishing contributes in many ways to the community. These contributions include grants for the arts and education in the community. Grant-Jackson demonstrates

corporate social responsibility

2. In 2011, billionaire Raj Rajaratnam was convicted of masterminding a plot that used private company information to make his Galleon Group hedge fund $64 million richer by engaging in illegal trade on more than 35 stocks. Rajaratnam was found guilty of

insider trading

3. The dimension of social responsibility that includes charitable donations is

corporate philanthropy

4. A(n) ________ is a systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs.

social audit

5. Ethisphere is a socially conscious research organization that analyzes and reports on corporate social responsibility efforts. This is an example of a(n)

watchdog group