A) a company's duty to put the public interest ahead of shareholder interests.
B) societal expectations that all company stakeholders will be treated equally and fairly.
C) a company's duty to establish a loyal workforce.
D) the responsibility that top management has for ensuring that the company's actions and decisions are in the best interest of stakeholders at large.
E) a company's duty to operate in an honorable manner and provide good working conditions for employees.
G) C) and D)
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A) likely to be fully effective in creating a competitive advantage.
B) normally based on a corporate social agenda.
C) ambiguous and rarely make a difference in the way the company does business.
D) implausible to advance a positive, high-energy workplace environment.
E) heavily dependent on encouraging employee morality.
G) B) and E)
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A) what constitutes ethical or unethical conduct should be determined by the religious convictions of each society or each culture within a country.
B) when there are cross-country or cross-cultural differences in what is deemed ethical or unethical in business situations, it is appropriate for local moral standards to take precedence over what the ethical standards may be elsewhere.
C) concepts of right and wrong are always governed by business norms in each country, culture, or society.
D) concepts of right and wrong are always a function of each individual's own set of values, beliefs, and ethical convictions.
E) concepts of right and wrong as they apply to business behavior are always absolute and usually more stringent than universal ethical principles.
G) D) and E)
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A) operate in an honorable manner, provide good working conditions for employees, and actively work to enhance the quality of life in the local communities where it operates and in society at large.
B) meet the current needs of customers, suppliers, shareholders, employees, and other stakeholders in a manner that protects the environment, provides for the longevity of natural resources, maintains ecological support systems for future generations, and guards against ultimate endangerment of the planet.
C) protect and enhance natural resources and ecological support systems, taking into account the current consumption for the current generation.
D) apply universal norms regarding the protection of the environment to its everyday operations and to function below the levels required by prevailing environmental regulations.
E) balance commonly held views about what constitutes environmentally appropriate actions against its ability to make a profit.
G) All of the above
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A) shelter the environmental impacts from the company's resources and competitive capabilities.
B) provide for the defense of natural resources usage within cross-border commitments.
C) moderate assurance for ecological support systems for future generations.
D) guard against ultimate endangerment of the business.
E) operate the business in a manner that promotes the longevity of sustainability effects.
G) B) and D)
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As per the school of ethical universalis...View Answer
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Sometimes, cost savings and improved pro...View Answer
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A) bribing a government official to allow you to transfer gambling winnings to a tax haven
B) performing genital mutilations on non-consenting female teens
C) employing as laborers children under the age of nine
D) agreeing to a country's policy of prohibiting the education of females
E) bribing a government official in an underdeveloped country to obtain a permit to build a hospital
G) B) and D)
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The jury is still out on the correlation...View Answer
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A) always reflect badly on the character of the company personnel involved.
B) encompass what is unethical in whole or in part as morally wrong.
C) automatically result in damage to a company's reputation and have costly consequences.
D) constitute good business and pursue the best interest of shareholders.
E) lead to lower employee morale and higher employee turnover.
G) A) and B)
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From a company's business strategy persp...View Answer
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Ethics concerns principles of right or w...View Answer
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A) communicating ethical behavioral norms.
B) gaining employee buy-in to the company's moral standards.
C) gaining employee buy-in to the company's business principles.
D) gaining employee buy-in to the company's corporate values.
E) boosting short-termism.
G) B) and C)
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A) actions to enhance workforce diversity and make the company a great place to work.
B) making charitable contributions and donating money and the time of company personnel to community service endeavors.
C) actions to protect or enhance the environment.
D) conscious efforts to ensure that all elements of the company's strategy are ethical and that its actions protect or enhance the environment (beyond what is legally required) .
E) actions to keep the company's profits at a reasonable and acceptable level to ensure the company's products/pricing will not be viewed by the general public as obscenely high or exorbitant.
G) A) and D)
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Any company does have a duty to go beyon...View Answer
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A) the higher the public profile of a company or brand, the greater the scrutiny of its activities and the higher the potential for it to become a target for pressure group action.
B) acting in a socially responsible manner nearly always results in higher profits and a higher stock price for shareholders.
C) to the extent that a company's socially responsible behavior wins applause from consumers and fortifies its reputation, a company may win additional patronage.
D) some employees feel better about working for a company committed to improving society-a condition that can contribute to lower turnover and better worker productivity.
E) companies with deservedly good reputations for contributing time and money to the betterment of society are better able to attract and retain employees compared to companies with tarnished reputations.
G) None of the above
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A) There is no such thing as "moral free space"-all ethical standards are determined by societal norms, and individuals have an implied social contract to live up to these standards.
B) Few nations or cultures have common moral agreement on what is ethically right and wrong.
C) There should be no absolute limits put on what actions and behaviors fall inside the boundaries of what is ethically or morally right and which actions/behaviors fall outside.
D) Adherence to universal ethical norms always takes precedence over local ethical norms.
E) Ethical relativism should always be adhered to before ethical universalism when dealing within boundaries of a country's culture and norms.
G) D) and E)
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A) Company U must retrain its employees who are working in a toxic culture due to widespread reports of sexual harassment.
B) Company V's tax evasion practices are revealed, leading to a dramatic drop in its stock price and simultaneously rising costs of debt.
C) Company W incurs penalties of $1.0 billion for auto and mortgage loan abuses.
D) Company X pays its male employees higher wages than female employees even though it has been propagating messages of workplace equality and fair play.
E) Company Y experiences massive customer defections when it is made public that it is engaging in price gouging, or selling low cost products at high prices.
G) A) and B)
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A) government fines and penalties.
B) civil penalties arising from class-action lawsuits or other litigation.
C) lower dividends for shareholders.
D) lower stock prices.
E) legal and investigative costs.
G) A) and B)
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A) concepts of right and wrong are not absolute and leave room for deviation from country to country or circumstance to circumstance.
B) concepts of right and wrong are universal within countries but not across countries and cultures.
C) concepts of right and wrong are governed by the Global Code of Ethical and Social Morality.
D) the most fundamental conceptions of right and wrong are universal and apply to members of all societies, all companies, and all businesspeople.
E) there are multiple sets of standards concerning what is ethically right or wrong that are universally applicable to citizens of a country.
G) A) and B)
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