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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 51

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Ethical problems and issues of social responsibility are:

A) unique to firms involved in global trade.
B) unique to the United States.
C) not unique to the United States.
D) less important now than in the past.

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Question 52

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Recently,Bob was trying to choose between three mutual fund investments for his retirement account.As a socially conscious investor,he will prefer to invest in funds that hold the stocks of oil and coal companies,as opposed to wind-turbine and renewable energy companies.

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Question 53

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In order to be successful,efforts to improve the ethical behavior of businesses must begin with top management's support of a corporate code of conduct.

Corporate values are:

One responsibility of business is to satisfy customers by offering them goods and services with real value.

The Foreign Corrupt Practices Act deals with:

Corporate social responsibility covers all those social issues outside our businesses that affect customers and the environment,but not internal issues such as employee considerations and work safety.Internal issues are covered by business laws.

International issues of social responsibility and ethical behavior are:

A corporate policy should never make a value statement about the environment or other social and political issues,because it is doubtful the company can live up to the proclamation.

All U.S.companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

The majority of CEOs believe that employee misconduct results from the failure of organizational leadership to establish ethical standards.

Sharon,a CPA for a large firm noticed that the company's accounting records drastically overstated the amount of inventory on hand,which led to overstating the assets of the firm.Initially,she brought it to the attention of her supervisor,but when nothing was done to correct the mistake in a timely manner;she decided the best course of action was to report it to the appropriate government official.Although her actions took her outside the company,she was counting on current law,under the ____________ to protect her against company retaliation.

Due to the complicated laws and ethical standards abroad,U.S.businesses are encouraged to adopt a,"don't ask,don't tell" policy.

As a result of pressure from business lobbyists,Congress failed to pass legislation protecting whistleblowers.

Although college graduates would prefer to work for socially responsible companies,

Laws represent the standards of ________ behavior.

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage.In keeping within the legal limits of the law,the employees are within their compliance-based ethics rights.

In the Reaching Beyond our Borders box titled,"Ethical Culture Clash",the story demonstrates the many ethical similarities between North and South American business.This is fortunate for Motorola and other large electronics firms who do business south of the U.S.border.They can depend on their subsidiary firms to have no problems when implementing U.S.company employee policies.

It can be very difficult to maintain a balance between ethics and goals such as pleasing stakeholders.

In the long run,a firm's loyalty to their employees can pay off financially.