Question 1

Former Enron Vice-President Sherron Watkins used the ________ analogy to explain why executives at Enron engaged in unethical and illegal actions.

Accepted Answer

A)   borrowing earnings
B)   Napoleon complex
C)   moral relativism
D)   frogs in boiling water
E)   distributive justice

Question 2

According to the utilitarian approach, CEOs give priority to the stakeholders who have the most

Accepted Answer

A)   money and largest holdings.
B)   legitimacy and the best PR.
C)   power, legitimacy, and urgency.
D)   stability and legitimacy.
E)   utility and power.

Question 3

Rule-based governance

Accepted Answer

A)   is generally found in developing nations.
B)   relies on publicly verifiable information.
C)   relies on implicit agreement.
D)   is inherently nontransparent.
E)   requires an investment in time and money to build relationships.

Question 4

The Dow Jones Sustainability Index includes

Accepted Answer

A)   environmental, economic, and quality sustainability.
B)   industry, environmental, and economic factors.
C)   environmental, economic, and social sustainability.
D)   ethical, economic, and social sustainability.
E)   environmental, ethical, and quality sustainability.

Question 5

Discuss Crane and Matten's concept of sustainability with regard to Carroll's view of ethics.

Accepted Answer

Crane and Matten suggest that the concep...

Question 6

Discuss the three basic approaches to ethical behavior.

Accepted Answer

The three basic approaches to ethical be...

Question 7

Society generally expects firms to work with employees and the company to plan for layoffs. This is an example of which of Archie Carroll's responsibilities?

Accepted Answer

A)   economic
B)   legal
C)   justice
D)   ethical
E)   discretionary

Question 8

The first step in stakeholder analysis is identifying those who have only an indirect stake in the corporation.

Accepted Answer

A) True 
 B)False

Question 9

A problem with the utilitarian approach is

Accepted Answer

A)   that it assumes all countries subscribe to the same definition of "fundamental rights."
B)   that it imposes a set of mandatory values and behaviors on all entities in society.
C)   that it encourages selfish behavior.
D)   that it imposes one's morality upon others and judges them by standards they may or may not accept.
E)   that it is difficult to recognize all the benefits and costs of any particular decision.

Question 10

Who said that the social responsibility of business is a "fundamentally subversive doctrine" and that the one social responsibility of business is "to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game..."?

Accepted Answer

A)   Adam Smith
B)   Edward Freeman
C)   Archie Carroll
D)   William C. Norris
E)   Milton Friedman

Question 11

Being known as a socially responsible firm may provide a company with social capital that can be used for competitive advantage.

Accepted Answer

A) True 
 B)False

Question 12

Law refers to formal codes that permit or forbid certain behaviors and may or may not enforce ethics or morality.

Accepted Answer

A) True 
 B)False

Question 13

The justice approach to ethics proposes that actions and plans should be judged by their consequences.

Accepted Answer

A) True 
 B)False

Question 14

Morality is defined as

Accepted Answer

A)   formal codes that permit or forbid certain behaviors.
B)   a general rule of conduct of personal behavior, based on religious or philosophical grounds.
C)   consensually accepted standards of behavior for an occupation, trade, or profession.
D)   imposing one's morality upon another.
E)   voluntary obligations assumed by an individual or organization.

Question 15

Which of the following companies was cited by the text as an example of a company which does its best to consider its responsibilities to its primary and secondary stakeholders when making strategic decisions?

Accepted Answer

A)   McDonald's
B)   Maytag
C)   Johnson & Johnson
D)   Microsoft
E)   Enron

Question 16

According to Kohlberg's levels of moral development, the conventional level is characterized by considerations of society's laws and norms.

Accepted Answer

A) True 
 B)False

Question 17

All of the following reasons provide rationale for unethical behavior EXCEPT

Accepted Answer

A)   the impact of cultural norms and values.
B)   differences in values between business people and key stakeholders.
C)   ambiguous rules.
D)   agreement among stakeholders and business people that unethical behavior is acceptable.
E)   difficulty of one group to understand another's actions.

Question 18

Blindly following orders reflects which type of moral relativism?

Accepted Answer

A)   naive relativism
B)   role relativism
C)   principled relativism
D)   cultural relativism
E)   social group relativism

Question 19

Using the Golden Rule and never treating another human being simply as a means but always as an end are the categorical imperatives of

Accepted Answer

A)   Archie Carroll.
B)   L. Kohlberg.
C)   Joseph Badaracco.
D)   Immanuel Kant.
E)   Milton Friedman.

Question 20

As societal values evolve, it is likely that the ________ responsibilities of today may become the ________ responsibilities to tomorrow.

Accepted Answer

A)   economic; ethical
B)   legal; ethical
C)   discretionary; ethical
D)   discretionary; economic
E)   legal; discretionary

Exam 3: Social Responsibility and Ethics in Strategic Management

A problem with the utilitarian approach is

Correct AnswerverifiedShow Answer

Former Enron Vice-President Sherron Watkins used the ________ analogy to explain why executives at Enron engaged in unethical and illegal actions.

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Discuss the three basic approaches to ethical behavior.

Correct AnswerverifiedThe three basic approaches to ethical be...View AnswerShow Answer

Society generally expects firms to work with employees and the company to plan for layoffs. This is an example of which of Archie Carroll's responsibilities?

Correct AnswerverifiedShow Answer

According to Kohlberg's levels of moral development, the conventional level is characterized by considerations of society's laws and norms.

Correct AnswerverifiedShow Answer

Blindly following orders reflects which type of moral relativism?

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The Dow Jones Sustainability Index includes

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Who said that the social responsibility of business is a "fundamentally subversive doctrine" and that the one social responsibility of business is "to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game..."?

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Rule-based governance

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Morality is defined as

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Being known as a socially responsible firm may provide a company with social capital that can be used for competitive advantage.

Correct AnswerverifiedShow Answer

Law refers to formal codes that permit or forbid certain behaviors and may or may not enforce ethics or morality.

Correct AnswerverifiedShow Answer

As societal values evolve, it is likely that the ________ responsibilities of today may become the ________ responsibilities to tomorrow.

Correct AnswerverifiedShow Answer

The justice approach to ethics proposes that actions and plans should be judged by their consequences.

Correct AnswerverifiedShow Answer

Discuss Crane and Matten's concept of sustainability with regard to Carroll's view of ethics.

Correct AnswerverifiedCrane and Matten suggest that the concep...View AnswerShow Answer

According to the utilitarian approach, CEOs give priority to the stakeholders who have the most

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All of the following reasons provide rationale for unethical behavior EXCEPT

Correct AnswerverifiedShow Answer

Using the Golden Rule and never treating another human being simply as a means but always as an end are the categorical imperatives of

Correct AnswerverifiedShow Answer

Which of the following companies was cited by the text as an example of a company which does its best to consider its responsibilities to its primary and secondary stakeholders when making strategic decisions?

Correct AnswerverifiedShow Answer

The first step in stakeholder analysis is identifying those who have only an indirect stake in the corporation.

Correct AnswerverifiedShow Answer

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The three basic approaches to ethical be...
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As societal values evolve, it is likely that the responsibilities of today may become the responsibilities to tomorrow.

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Crane and Matten suggest that the concep...
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