QUESTION Silver Meteorite Inc. is a multinational company whose home country, Palumbia Republic, considers grease payments as both illegal and unethical. Hence, the company has a zero-tolerance approach toward grease payments irrespective of any of its host nations’ perspectives toward such payments. In this context, Silver Meteorite Inc. is following the approach to ethics known […]
QUESTION In a business setting, managers sometimes do not realize they are behaving unethically, primarily because they: A. fail to take into account the ethical dimension of business decisions. B. ignore business variables such as cost, delivery, and product quality. C. have a strong system of personal ethics. D. abide by the concept of noblesse […]
QUESTION The CEO of Gold Chip Software engages in corruption and uses his power in the company to enrich himself and his family members. Consequently, his employees also engage in the same behavior. In this case, the roots of unethical behavior can be traced to: A. unrealistic performance expectations. B. organizational leadership. C. noblesse oblige […]
QUESTION Which of the following is detrimental to an ethical business setting? A. Keeping in mind that each decision has a moral dimension B. Encouraging leaders to demonstrate strong personal ethics C. Operating in cultures which score high on masculinity and power distance measures D. Setting realistic, achievable performance goals for employees E. Frequently auditing […]
QUESTION The CEO of United Synergy Inc., a company in its embryonic stage, believes that unethical behavior will result in premature decline of the company. In order to ensure that the company starts operating in the most ethical manner, the CEO should: A. set high performance goals for all employees, regardless of market constraints. B. […]
QUESTION Which of the following explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business? A. The Friedman doctrine B. The Sullivan principles C. Utilitarianism D. Marxism E. Kantian ethics ANSWER A
QUESTION Which of the following straw men approaches to business ethics is best summarized by the maxim “When in Rome, do as the Romans”? A. Cultural relativism B. Just distribution C. Kantian ethics D. Righteous moralist E. Sullivan principles ANSWER A
QUESTION Who asserted that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law? A. Milton Friedman B. Leon Sullivan C. Karl Marx D. Immanuel Kant E. David Hume ANSWER A
QUESTION Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences? A. Corporate dissonance B. Class consciousness C. Corporate dynamism D. Social responsibility E. […]
QUESTION In a business setting, the term noblesse oblige refers to: A. a benevolent behavior that is considered the responsibility of successful enterprises. B. obliging a government official with the expectation of a reciprocal favor. C. rich corporations abusing their power for private gain. D. preferential treatment received by successful companies from governments. E. tax […]
