B 190 Chapter 4 Quiz Flashcards ionicons-v5-c

Which of the following questions can help us avoid a decision that would injure our self-esteem?

how will it make me feel about myself

The first step when facing an ethical dilemma is to ask:

is it legal

A code of ethics designed to avoid criminal misconduct is an example of a compliance-based ethics code.

true

A(n) _______-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

compliance

Making business people more accountable for company actions may help restore trust in the free-market system and leaders in general.

true

Some critics of corporate social responsibility view spending money on CSR as:

stealing from investors

When a firm undertakes corporate social initiatives it is:

Making donations that are directly related to a firm's corporate competency.

The position a firm takes on issues that affect the corporation as well as society is known as its:

corporate policy

We describe charitable donations by corporations to nonprofit organizations as ________.

corporate philanthropy

An ethical dilemma refers to a situation where you must:

choose between equally unsatisfactory alternatives.

The difference between an organization's positive social contributions and its negative social impacts is called their:

net social contributon

A business should be managed ethically to keep existing customers and attract new customers.

true

Opponents of corporate social responsibility argue that firms which use their profits to promote social causes are not being fair to investors who provided the funds for the purpose of financial gain.

true

An important source of public scrutiny is "watchdogs." These are:

socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

true