QUESTION Martin and Helen are discussing their options if they learned private information about an unpopular coworker that would advance their careers at the colleague’s expense. Martin says he might capitalize on the opportunity, but Helen says she wouldn’t under any circumstances. Helen may be exhibiting what kind of behavior? A) some false bravado B) […]
QUESTION Illegal behavior can impact a company’s profits. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: A company’s illegal behavior can lower its stock price and sales. Employee fraud also costs companies about 5 percent of earnings.
QUESTION Being a good corporate citizen is at the top of Carroll’s social responsibility pyramid. What does Carroll believe compels businesses to practice this behavior? A) legal requirements and regulations B) ethical demands C) societal expectations D) opportunities for profit E) values-based interest groups ANSWER Answer: C Explanation: C) Carroll believes that people today […]
QUESTION Business ethics do not impact investor behavior. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: One survey found that 74 percent of people said their perception about a company’s honesty influenced their decision to buy its stock.
QUESTION Jiao found a competitor’s proposal for a project her company is also bidding on. She knows using the information can help her team develop a winning proposal, and her company needs the project to avoid staff layoffs. What situation is Jiao facing? A) insider trading B) devil’s bargain C) ethical dilemma D) economic responsibility […]
QUESTION Stockholders who resent a company’s social responsibility activities are logically focused on maximizing their profits. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Studies show that profitability is enhanced by a company’s reputation for honesty and corporate citizenship.
QUESTION Tim works at a fast-food restaurant and suspects that a coworker may be misreporting his hours worked. Yet one of the stated values of the company is team unity and cohesion, and Tim is afraid that reporting the misreported hours may cause his coworkers to have a poor opinion of him. What is this […]
QUESTION Which of the following is NOT a component of business-ethics scholar Archie B. Carroll’s global social responsibility pyramid? A) to obey the law B) to honor competitors C) to make a profit D) to be ethical E) to be a good global corporate citizen ANSWER Answer: B Explanation: B) Carroll’s pyramid does not […]
QUESTION Which of the following is NOT one of the primary strategies that organizations can use to foster high ethical standards? A) encourage an ethical climate through top management staff B) place covert whistleblowers on staff C) develop stringent codes for ethical behavior D) hire trustworthy, responsible employees E) provide training in ethical conduct […]
QUESTION Participating in community activities offers no marketing or promotional value for a business. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Donations of branded products, employee teams wearing company logos, and similar activities all offer promotional value while benefitting the community.
