Business Quiz: Ethical Behavior And Social Responsibility

2.

Which of the following reflects the desire of a manager to achieve a "win-win" relationship in dealing with others?

Is it legal?
Is it balanced?
How will it make me feel about myself?
How can I benefit at the expense of others?

Correct Answer

A. Is it balanced?

Explanation

The desire to achieve a "win-win" relationship in dealing with others reflects a manager's intention to find a fair and equitable solution that benefits all parties involved. By asking if it is balanced, the manager is considering the needs and interests of both themselves and others, ensuring that the outcome is not one-sided or unfair. This approach promotes cooperation, collaboration, and mutual respect, fostering positive relationships and effective teamwork.

Rate this question:

2

3.

An ethical dilemma describes a situation where you must:

Treat someone unfairly
Choose between qually unsatisfactory alternatives
Choose between a correct and an incorrect option
Balance the concerns of profit and legality

Correct Answer

A. Choose between qually unsatisfactory alternatives

Explanation

The correct answer is "choose between equally unsatisfactory alternatives." An ethical dilemma occurs when you are faced with a situation where there are no ideal or satisfactory options to choose from. In such cases, you must make a decision that may not fully address the ethical concerns or may have negative consequences, but it is necessary to choose the lesser of two undesirable outcomes. This choice between equally unsatisfactory alternatives highlights the challenging nature of ethical dilemmas and the need to carefully consider the ethical implications of our actions.

Rate this question:

1

4.

When the actions of management appear indifferent or insensitive to ethical concerns, the likely results would include:

Reduced employee turnover
Improved manager morale
Reduced lawsuits
Mistrust between workers and management

Correct Answer

A. Mistrust between workers and management

Explanation

When the actions of management appear indifferent or insensitive to ethical concerns, it is likely to result in mistrust between workers and management. This is because employees may feel that their concerns are not being taken seriously or that management does not prioritize ethical behavior. This lack of trust can lead to a breakdown in communication, decreased employee morale, and a negative work environment. It may also result in employees questioning the credibility and integrity of the management team.

Rate this question:

5.

With respect to business ethics, it can be said that "it takes two to tango." This indicated that:

Dancing around issues should be part of a firm's code of ethics
An individual's behavior is influenced by the behavior of others
Personal ethics begin at home
Management is insensitive to ethical issues

Correct Answer

A. An individual's behavior is influenced by the behavior of others

Explanation

The correct answer is "an individual's behavior is influenced by the behavior of others." This statement suggests that people's ethical behavior is influenced by the actions and behavior of those around them. It implies that individuals are more likely to engage in ethical behavior if they observe others doing the same. This highlights the importance of setting a positive example and fostering an ethical culture within an organization.

Rate this question:

1

6.

A(n) ______-based ethics code emphasizes the prevention of unlawful behavior by penalizing wrongdoers.

Legal
Responsibility
Compliance
Integrity

Correct Answer

A. Compliance

Explanation

A compliance-based ethics code focuses on ensuring that individuals adhere to laws and regulations, and aims to prevent any illegal behavior by imposing penalties on those who engage in wrongdoing. This approach emphasizes the importance of following legal requirements and holding individuals accountable for their actions.

Rate this question:

7.

In an effort to help employees resis the pressure to make an unethical decision, the Johnston Petroleum Company has communicated their code of ethics statement to outsiders. Suppliers, subcontractors, distributors, and customers have been told of the firm's core values. This approach is consistent with:

An integrity-based ethics code
A compliance-based ethics code
Government regulatory mandates
Corporate philanthropy

Correct Answer

A. An integrity-based ethics code

Explanation

The given answer, an integrity-based ethics code, is the most appropriate explanation for the situation described. By communicating their code of ethics statement to outsiders such as suppliers, subcontractors, distributors, and customers, the Johnston Petroleum Company is demonstrating a commitment to ethical behavior and values. An integrity-based ethics code focuses on promoting ethical conduct and values within an organization and encourages employees to make ethical decisions even in the face of pressure. This approach aligns with the company's efforts to resist the pressure to make unethical decisions and emphasizes the importance of ethical behavior in their relationships with external stakeholders.

Rate this question:

8.

When it comes to social responsibility, some people feel that before you can do good, you must do well. This reflects a firm's responsibility to their:

Customers
Investors
Employees
Society

Correct Answer

A. Investors

Explanation

The explanation for the given answer is that when a firm prioritizes doing well financially, it can generate profits and returns for its investors. By prioritizing the interests of investors, the firm can ensure their financial success and stability. This allows the firm to have the resources and capabilities to engage in social responsibility initiatives and contribute positively to society. Therefore, by focusing on the interests of investors, the firm can ultimately fulfill its responsibility to society.

Rate this question:

9.

An important point to be made in the discussion of corporate ethics is:

"when in Rome, do as the Romans"
Follow the laws of the community
The appearance of wrongdoing can be harmful
This is a trendy fad that won't last long

Correct Answer

A. The appearance of wrongdoing can be harmful

Explanation

The explanation for the given answer is that in the discussion of corporate ethics, it is important to consider the perception of wrongdoing. Even if an action is legal or morally acceptable in a certain community or culture, it may still appear unethical to others. The appearance of wrongdoing can damage a company's reputation, leading to loss of trust from stakeholders, customers, and the public. Therefore, it is crucial for corporations to not only follow the laws of the community but also consider the potential harm that can arise from the mere appearance of unethical behavior.

Rate this question:

10.

Several outside groups monitor the Metro Chemical Corporation to see how well the firm enforces their ethical and social responsibility policies. Who of the following would not be likely to be among the "watchdog" groups?

The financial officer of a church with funds invested in the chemical company
An anti-government radical with intentions of overthrowing the establishment
A student in environmental engineering attending a local college
The president of the union representing the workers at the chemical company

Correct Answer

A. An anti-government radical with intentions of overthrowing the establishment

Explanation

An anti-government radical focused on overthrowing the establishment is unlikely to monitor a chemical corporation's ethical policies, as their main goals do not align with typical watchdog activities concerned with corporate ethics. Other listed individuals have direct interests related to the company's ethical and social practices. Correct answer: (B).

Rate this question:

0

Business Quiz: Ethical Behavior And Social Responsibility

Ethical behavior covers a ____ range of conduct than does legal behavior.

Quiz Preview

Which of the following reflects the desire of a manager to achieve a "win-win" relationship in dealing with others?

An ethical dilemma describes a situation where you must:

When the actions of management appear indifferent or insensitive to ethical concerns, the likely results would include:

With respect to business ethics, it can be said that "it takes two to tango." This indicated that:

A(n) ______-based ethics code emphasizes the prevention of unlawful behavior by penalizing wrongdoers.

When it comes to social responsibility, some people feel that before you can do good, you must do well. This reflects a firm's responsibility to their:

An important point to be made in the discussion of corporate ethics is:

Several outside groups monitor the Metro Chemical Corporation to see how well the firm enforces their ethical and social responsibility policies. Who of the following would not be likely to be among the "watchdog" groups?