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Business Ethics
Chapter 2-T/F
| Term | Definition |
|---|---|
| Social responsibility refers to management’s consideration of the societal as well as the economic effects of its decisions. | T |
| Deciding what is right or wrong in business is generally a clear-cut choice | F |
| Social responsibility and ethical conduct generally cost more than they create in business value. | F |
| Codes of conduct and ethical standards are playing an increasingly important role in the operation of today’s firms. | T |
| Employees, customers, government, and the general public all have a stake in the performance of today’s organizations | T |
| Top management plays a critical role in developing an organizational culture that encourages ethical behavior. | T |
| Most companies today don’t have a code of conduct | F |
| A company’s code of conduct is informal, but employees are still expected to adhere to them | F |
| A firm whose managers set unrealistic goals for employees might possibly be inviting unethical behavior | T |
| Social audits are formal procedures that identify and evaluate all company activities that relate to social issues | T |
| Quantitative economic measures such as employment levels, sales, and profits are irrelevant in evaluating a firm’s social performance | F |
| Conducting a social audit can help a firm measure its progress in meeting social responsibility objectives. | T |
| AT&T’s commitment to hiring military veterans is an example of the company’s concern for equal opportunity employment | T |
| The American with Disabilities Act makes discrimination against the disabled in public accommodations, transportation, and telecommunications illegal. | T |
| American firms have found a significant competitive advantage in developing a culturally diverse and highly skilled workforce | T |
| To avoid sexual harassment problems, many firms have established policies and employee education programs aimed at preventing such violations. | T |
| As a way to practice corporate philanthropy, organizations often require their employees to volunteer during off hours. | F |
| The EEOC was created to increase job opportunities for women and minorities and to help end discrimination based on race, color, religion, disability, gender, or national origin. | T |
| Employers w/ 50 or more employees must provide unpaid leave annually for any employee who wants time off for the birth or adoption or foster of a child; care for a seriously ill relative, spouse, or self if he or she has a serious health condition/injury. | T |
| Sexism, or discrimination based solely on a person’s gender, has been completely eliminated in today’s global business environment. | F |
| Businesses have both a legal and an ethical requirement to eliminate sexual harassment in the workplace. | T |
| Corporate philanthropy encompasses all efforts corporations take in order to give back to the communities in which they conduct business. | F |
| Because investors are willing to take risks, there are no ethical requirements for managers to protect investor interests. | F |
| Investors have legal recourse when they believe that management has not dealt honestly with them. | T |
| The Office of Internet Enforcement protects the rights of businesses to promote their products online in any manner they choose. | F |
| The Securities and Exchange Commission is the federal agency responsible for investigating alleged unethical or illegal financial behavior of publicly traded firms. | T |
| Businesses are responsible for providing information to their consumers regarding any potentially dangerous products. | T |
| Social audits measure a firm’s performance relating to such issues as employment practices, environmental responsibility, and philanthropy | T |
| While managers may conduct internal audits on social responsibility, public opinion rarely has any real impact on business practices. | F |
| Numerous state and federal laws related to consumerism have been established since President John F. Kennedy addressed the concept in 1962 | T |
| Cigarettes and alcoholic beverages are examples of potentially harmful products about which corporations should inform their consumers. | T |
| Green marketing targets consumers who care whether or not businesses demonstrate environmental responsibility | T |
| Business ethics deal with the right and wrong actions that arise in any business environment. | T |
| A firm must be able to prove that any claim made about the quality or superiority of a good or service has been substantiated. | T |
| Under the Sarbanes-Oxley Act, all corporations are required to have a printed code of ethics | F |
| It makes good sense to have all employees aware of the firm’s stance on social and ethical issues. | T |
| Education plays an important role in earnings, despite success stories of those who dropped out of college or high school to start businesses. | T |
| Employers are legally responsible for protecting their employees from the sexual harassment of clients and customers. | T |
| Today, there appears to be no significant differences between the average pay of men and women. | F |
| Programs that increase social responsibility and ethical practices in a firm may be good for public relations, but they generally cost more than they create in economic benefits. | F |
| A new shift in the workforce shows that there will soon be more younger people working than those from the baby boomer generation | T |
Created by:
tiffanie1719
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