Corporate social responsibility considers environmental, but not legal issues.

Corporate social responsibility considers environmental, but not legal issues.

 True

 False

The Sustainable Business view:

 

A.    is Milton Friedman’s philosophy.

 

B.    is advocated by all U.S. corporations.

 

C.    thinks that, in the short run, profits will suffer if firms invest in social interests that benefit people and the planet.

 

D.    posits that. in the long run, profits may be enhanced if firms invest in social interests that benefit people and the planet.

Ethisphere considers corporate governance in its assessment of an ethics quotient.

 True

 False

A company’s internal stakeholders:

 

A.    include employees of other organizations.

 

B.    include competitors to the company.

 

C.    include the environment and nature.

 

D.    include the top management team within the company.

The three questions that are usually asked when addressing ethical scenarios are:

 

A.    Is it a dilemma?  Would I want to be treated that way?  Is it culturally acceptable?

 

B.    Is it legal?  Would I want to be treated that way? Would I want to hide this from others?

 

C.    Is it legal? Would I want to be treated that way? Is it culturally acceptable?

 

D.    Is it legal?  Would my government consider the action appropriate? Would I want to hide this from others?

A company’s external stakeholders:

 

A.    do not include the environmental in which the firm operates.

 

B.    include the community in which the firm operates.

 

C.    include company employees.

 

D.    include people in countries other than the one in which the company operates.

Enron presents an example of a company, which teaches us that:

 

A.    a well-developed code of ethics is sufficient to assure a high standard of ethics in an organization.

 

B.    rank and yank performance appraisal programs are motivating for all employees involved.

 

C.    he who dies with the most toys wins.

 

D.    a well-developed code of ethics is not sufficient to assure a high standard of ethics in an organization.

All employees in firms should be held equally accountable to following the company’s ethical code.

 True

 False

Corporate social responsibility considers social and environmental issues, but not economic issues.

 True

 False

The action taken in response to an ethical scenario may be maliciously intended.

 True

 False

The following statement is true:

 

A.    Firms that increase profits by downsizing are not allowed to increase the compensation packages of their chief executive officers.

 

B.    Firms that increase profits by downsizing their workforces are acting in the best interests of all stakeholders.

 

C.    Firms that increase profits by downsizing are acting illegally.

 

D.    Firms that increase profits by downsizing their workforces may be acting in the interests of some stakeholders, but not others.

Employees can be held accountable to both a company’s written and unwritten rules of corporate conduct.

 True

 False

Ethical dilemmas can be viewed as a trade-off between opportunities for short-term gains versus long-term benefits.

 True

 False

A company’s stakeholders:

 

A.    are only important to companies if related directly to company profits.

 

B.    should only be considered when they impact the company’s bottom line.

 

C.    may have varying motivations and interests with respect to company decisions.

 

D.    are reputed to share the same motivations and interests.

Ethisphere considers the personal credit ratings of company leaders when assessing an ethics quotient.

 True

 False

                                        

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