Business Ethics BBA 4751 Multiple Choice VII 1. Which of the following is the challenge associated with ethical pay offs? a. It ruins the reputation that triggered it. b. It is very small in comparison to profits. c. It is very difficult to measure ethical pay offs. d. It can easily be duplicated by competitors. 2. Which of the following is a similarity between utilitarianism and stakeholder theory? a. Both place organizational benefits above other considerations. b. Both consider the consequences of management decisions for the well-being of all affected groups. c. Both contribute to society in ways that go beyond the narrow obligations of law and economics. d. Both strive to focus only on consumers. 3.In the textbook, Milton Friedman claims that a corporate executive has a "responsibility to conduct business in accordance with his or her employer's desires, which generally will be to make as much money as possible while conforming to the basic rules of society, both those embodied in law and those embodied in ethical custom" (as cited in Hartman, DesJardins, & MacDonald, 2014, p. 217). This view of corporate social responsibility has its roots in the __________ tradition. a. deontological b. Kantian c. utilitarian d. virtue 4. The practice of attending to the "image" of a firm is referred to as: a. reputation management. b. branding. c. crisis management. d. gentrification. 5. According to your textbook, "Just as individuals have no ethical obligation to contribute to charity or to do volunteer work in their community, business has no ethical obligations to serve wider social goods. But, just as charity is a good thing and something that we all want to encourage, business should be encouraged to contribute to society in ways that go beyond the narrow obligations of law and economics" (Hartman, DesJardins, & MacDonald, 2014, p. 222). Identify the model of CSR that reflects this line of thought. a. Integrative model b. Stakeholder theory c. Philanthropic model d. Social web model 6. When a firm engages in socially responsible activities with a prime focus on reputation: a. social responsibility tends to become a form of social marketing. b. the measure of positive reputation gained is impossible to calculate. c. profits have to be sacrificed for social causes. d. employees always lose loyalty. 7.Which of the following models of corporate social responsibility considers business a citizen of the society that it operates in? a. Philanthropic model b. Economic model c. Altruistic model d. Social web model 8. Corporate managers who fail to give due consideration to the rights of employees and other concerned groups in the pursuit of profit are treating these groups as means to the ends of stockholders. This is unjust according to the __________. a. financial framework b. classical tradition c. rights-based ethical framework d. stockholder theory VIII 1. Which of the following is true about the regulatory approach to environmental challenges a. It overestimates the influence that business can have on establishing the law. b. The government established regulatory standards to offer compensation after the occurrence of pollution or any other environmental harm. c. It shifted the burden from those threatened with harm to those who would cause the harm. d. This approach ensures that business does not pursue any financial opportunities that cause harm to the environment. 2.Which of the following holds a business is responsible for the entire life of its products, including the ultimate disposal after the sale? a. The cradle-to-grave model b. The take-make-waste approach c. The cradle-to-cradle model d. The eco-efficiency principle 3.Which of the following explains the statement "All resources are fungible?" a. It means that all resources can be regulated by the government. b. It means that all resources can be replaced by substitutes. c. It means that all resources cannot be duplicated. d. It means that all resources cannot be recycled and reused. 4. Which of the following is true of the sustainability model in terms of environmental responsibilities? a. Sustainability need not be a long-term strategy. b. The huge unmet market potential among the world's developing economies can only be met in sustainable ways. c. Sustainable practices lead to reduced cost savings. d. The firms that follow sustainable practices lose competitive advantage. 5. Knowing what the future must be, creative businesses then look backwards and determine what must be done to arrive at that future. This process is known as: a. backward integration. b. forecasting. c. forward integration. d. backcasting. 6. The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the: a. tripartite goals. b. three pillars of sustainability. c. three pronged charter. d. shoulders of sustainability. 7. Which of the following suggests that a business takes resources, makes products out of them, and discards whatever is left over? a. The cradle-to-grave model b. The take-make-waste approach c. The Cradle-to-cradle model d. The eco-efficiency principle Question 8. Which of the following is true of the conservation movement? a. It advocated that the natural world should not be used as a capital resource. b. It regarded natural resources as being able to provide an inexhaustible supply of material. c. It recommended a more restrained and prudent approach to the natural world. d. It argued against the natural world being used to provide indirect benefits.
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