Question 1

According to Carroll, legal responsibilities are defined by governments in laws that management is expected to obey.

Accepted Answer

A) True 
 B)False

Question 2

A problem with the individual rights approach to ethics is the difficulty in defining fundamental rights.

Accepted Answer

A) True 
 B)False

Question 3

A study concerning social responsibility indicates that socially responsible firms are more likely to be welcomed into another country.

Accepted Answer

A) True 
 B)False

Question 4

The approach to ethical behavior which proposes that decision makers be equitable, fair, and impartial in the distribution of costs and benefits to individuals and groups is called

Accepted Answer

A)   individual rights approach.
B)   mercantilism approach.
C)   utilitarian approach.
D)   justice approach.
E)   moral imperialism approach.

Question 5

According to the utilitarian approach, stakeholders who have a legal or moral claim on company resources have

Accepted Answer

A)   power.
B)   legitimacy.
C)   urgency.
D)   utility.
E)   stability.

Question 6

The statement, "When in Rome, do as the Romans do," reflects the essence of cultural relativism.

Accepted Answer

A) True 
 B)False

Question 7

Moral relativism could enable a person to justify almost any sort of decision or action, so long as it is not declared illegal.

Accepted Answer

A) True 
 B)False

Question 8

All of the following are considered secondary stakeholders EXCEPT

Accepted Answer

A)   governments.
B)   suppliers.
C)   competitors.
D)   trade associations.
E)   activists.

Question 9

The concept of social responsibility proposes that a corporation has responsibilities to society that extend beyond making a profit.

Accepted Answer

A) True 
 B)False

Question 10

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

Question 11

Archie Carroll contends that the primary goal of business is profit maximization.

Accepted Answer

A) True 
 B)False

Question 12

A code of ethics is a useful way to promote ethical behavior.

Accepted Answer

A) True 
 B)False

Question 13

The Dow Jones Sustainability Index includes

Accepted Answer

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

Question 14

All of the following are considered primary stakeholders EXCEPT

Accepted Answer

A)   customers.
B)   governments.
C)   employees.
D)   shareholders.
E)   creditors.

Question 15

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 16

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 about what is ethical.
E)   difficulty of one group to understand another's actions.

Question 17

Friedman's position on social responsibility

Accepted Answer

A)   proposes that a lack of social responsibility results in increased government regulations.
B)   appears to be losing traction with business executives.
C)   suggests that a lack of social responsibility reduces a firm's efficiency.
D)   explains why firms are using their socially responsible actions for competitive advantage.
E)   mirrors Carroll's position.

Exam 3: Ethics and Social Responsibility in Strategic Management

According to Carroll, legal responsibilities are defined by governments in laws that management is expected to obey.

Correct Answer
verified

The statement, "When in Rome, do as the Romans do," reflects the essence of cultural relativism.

Correct Answer
verified

Archie Carroll contends that the primary goal of business is profit maximization.

Correct Answer
verified

Moral relativism could enable a person to justify almost any sort of decision or action, so long as it is not declared illegal.

Correct Answer
verified

A problem with the individual rights approach to ethics is the difficulty in defining fundamental rights.

Correct Answer
verified

Friedman's position on social responsibility

Correct Answer
verified

All of the following are considered primary stakeholders EXCEPT

Correct Answer
verified

A study concerning social responsibility indicates that socially responsible firms are more likely to be welcomed into another country.

Correct Answer
verified

The Dow Jones Sustainability Index includes

Correct Answer
verified

The concept of social responsibility proposes that a corporation has responsibilities to society that extend beyond making a profit.

Correct Answer
verified

According to the utilitarian approach, stakeholders who have a legal or moral claim on company resources have

Correct Answer
verified

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

Correct Answer
verified

A code of ethics is a useful way to promote ethical behavior.

Correct Answer
verified

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

Correct Answer
verified

All of the following reasons provide rationale for unethical behavior EXCEPT

Correct Answer
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The approach to ethical behavior which proposes that decision makers be equitable, fair, and impartial in the distribution of costs and benefits to individuals and groups is called

Correct Answer
verified

All of the following are considered secondary stakeholders EXCEPT

Correct Answer
verified

Exam 3: Ethics and Social Responsibility in Strategic Management

According to Carroll, legal responsibilities are defined by governments in laws that management is expected to obey.

Correct AnswerverifiedShow Answer

The statement, "When in Rome, do as the Romans do," reflects the essence of cultural relativism.

Correct AnswerverifiedShow Answer

Archie Carroll contends that the primary goal of business is profit maximization.

Correct AnswerverifiedShow Answer

Moral relativism could enable a person to justify almost any sort of decision or action, so long as it is not declared illegal.

Correct AnswerverifiedShow Answer

A problem with the individual rights approach to ethics is the difficulty in defining fundamental rights.

Correct AnswerverifiedShow Answer

Friedman's position on social responsibility

Correct AnswerverifiedShow Answer

All of the following are considered primary stakeholders EXCEPT

Correct AnswerverifiedShow Answer

A study concerning social responsibility indicates that socially responsible firms are more likely to be welcomed into another country.

Correct AnswerverifiedShow Answer

The Dow Jones Sustainability Index includes

Correct AnswerverifiedShow Answer

The concept of social responsibility proposes that a corporation has responsibilities to society that extend beyond making a profit.

Correct AnswerverifiedShow Answer

According to the utilitarian approach, stakeholders who have a legal or moral claim on company resources have

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A code of ethics is a useful way to promote ethical behavior.

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

All of the following reasons provide rationale for unethical behavior EXCEPT

Correct AnswerverifiedShow Answer

The approach to ethical behavior which proposes that decision makers be equitable, fair, and impartial in the distribution of costs and benefits to individuals and groups is called

Correct AnswerverifiedShow Answer

All of the following are considered secondary stakeholders EXCEPT

Correct AnswerverifiedShow Answer

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

Correct Answer
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