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Business and Society Week 2
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Employees would rather work for companies who share their personal moral values.


According to utilitarian reasoning, if the net costs are greater than net benefits, the action is probably unethical because more harm than good would be produced


The basis for corporate citizenship does not rely on the generosity of a firm's senior management or their awareness of their role as trustees of the public's interests.


The United States lags behind Europe in attention to social reporting.


For managers who reason at stages 2 and 3, their personal rewards, recognition from others, or compliance with the company's rules become their main ethical compass.


According to the U.S. Foreign Corrupt Practices Act, U.S. based companies are prohibited from paying bribes to foreign government officials, political parties or political candidates.


Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically.


Germany's public assistance programs for the needy are generous, compared to many other


The term social capital refers to the norms and networks that enable collective action.


Personal values and moral character play key roles in improving a company's ethical performance.


In the mid-2000s, corporate citizenship has become complicated and mandatory.


When senior-level mangers signal employees that they believe ethics should receive high priority in all business decisions, a giant step is taken toward improving ethical performance throughout the company.


Ethical ideas are present in all societies, all organizations, and all individual persons.


Honesty, integrity and accuracy are absolute requirements of the accounting function.


Corporate citizenship partnerships can exist between companies and stakeholders in other countries.


Triple bottom line reporting requires that a firm report financial data.


In a benevolence ethical climate, the interests of the company's employees and external stakeholders most likely would be given high priority.


Iceland and Sweden are two countries that are least likely to be subjected to bribery.


Strategic philanthropy emphasizes the links between corporate contributions and business goals, such as creating demand for a product or service.


Businesses are taking a more strategic approach to all kinds of corporate giving.


Corporate giving is an important way for a business to express its commitment to corporate citizenship.


8, The Sarbanes-Oxley Act requires that firms maintain high ethical standards in how they conduct and monitor business operations.


Civic engagement is a major way in which companies carry out their corporate citizenship mission.


If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree.


Being ethical includes developing a sense of trust, which promotes positive alliances among business partners.


Companies with a code of ethics tend to have a higher price-earnings ratio.


Business managers should use all three methods of ethical reasoning - utility, rights and justice - to better understand ethical issues at work.


Corporate contributions are one way in which companies link themselves to the broader interests of the community.


Many community problems are people problems, involving hopes, attitudes, sentiments, and expectations for better human conditions.


Corporate citizenship involves transforming a concern for financial performance into a vision of corporate financial and social performance.


Corporate citizenship partnerships can exist between companies and stakeholders in other countries.


Corporate citizenship involves building partnerships with various stakeholders who allow the firm to integrate financial goals and social performance.


For managers who reason at stages 2 and 3, their personal rewards, recognition from others, or compliance with the company's rules become their main ethical compass.


In the mid-2000s, corporate citizenship has become complicated and mandatory.


The Kanebo Limited scandal is an example of a lapse in:


Accounting ethics.


Bans an auditing firm from providing the same client with non-auditing services.


The Sarbanes-Oxley Act:


The Securities and Exchange Commission may begin an investigation on a company:


Based on the noisy withdrawal of the company's lawyer.


Once a company enters the innovative stage of corporate citizenship, it will:


Begin reporting its efforts to stakeholders.


A just or fair ethical decision occurs when:


Benefits and burdens are distributed equally.


In a Gallup poll of people's confidence in social organizations, ranked last was:


Big business.


The term corporate citizenship has been used to refer to:



Businesses acting responsibly toward stakeholders.



As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:


Chaplains.


Combines concern for the law with an emphasis on employee responsibility.


integrity-based ethics programs


Cross-cultural contradictions will increase.


As business becomes increasingly global:


The Institute for Corporate Ethics was created to:


Develop and conduct training programs for senior managers.


Cross-cultural contradictions arise due to:


Differences between home and host countries' ethical standards.


If a manager approaches ethical issues with a self-centered approach, emphasis will be on:


Economic efficiency.


What is the most critical social issue facing communities, according to community relations managers?


Education.


The recipients of the American Business Ethics Awards show that:


Firms can be financially successful and ethically focused.


If a manger approaches ethics with benevolence in mind, he or she would stress what?


Friendly relations with an employee.


In a study conducted by the Council on Foundations, companies with high Corporate Philanthropy Index (CPI) scores:


Had better reputations and generated more admiration than others did.


Under the Sarbanes-Oxley Act, corporations are required to:


Have their CEO and CFO sign off on financial statements as accurate and fair.


Business managers need a set of ethical guidelines to help them:


Identify and analyze the nature of ethical problem.


A company that has just begun reporting to stakeholders is in which stage of the corporate citizenship process?


Innovative stage.


The International Accounting Standards are essential for:


Integrating the European Union capital markets.


Corporate giving:


Is far below the 10 percent tax deduction permitted.


The main drawback to utilitarian reasoning is that:


It is difficulty to accurately measure both costs and benefits.


Companies in which two countries have taken the lead in social reporting?


Japan and United Kingdom


Women in Community Service provides:


Job and life skills training to women who are on public assistance.


Foreign-owned corporations use foundations:


Less frequently than U.S. firms.


Corporate citizenship activities can be considered important contributors to a reinforcing cycle through which global companies create all of the following except:


Loyalty.


In the first stage of corporate citizenship:


Managers are uninterested and uninvolved with social issues.


What company gives all of its earnings to charity?


Newman's Own.


Business executives are finding that a trusting, ethical relationship with a business partner is:


Often essential in conducting business.


A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:


Operating under the compliance-based approach.


According to Clarence Walton, the key to ethical standards in business is:


Personal character.


Another term for corporate giving is corporate:


Philanthropy.


Corporate citizenship involves:


Proactively addressing business and society issues.


Corporate citizenship involves:


Proactively addressing business and society issues.


Novo Nordisk's "take action" project was a program designed to:


Promote exercise and healthy eating in schools.


A member of the Chartered Financial Analyst Institute (CFA) must:


Promote the integrity of and uphold the rules governing global capital markets.


An ethics officer or ombudsperson is generally entrusted to:


Reduce the risks to the company of employee misconduct.


Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:


Reduced.


At the core of rights reasoning is the belief that:


Respecting others is the essence of human rights.


People everywhere depend on ethical systems to tell them whether their actions are:


Right or wrong.


The share of all giving made up by in-kind contributions of products and services has been:


Rising steadily over the past decade.


When companies like Whole Foods Markets work to address community problems, their actions help build:


Social capital.


According to a Harvard Business Review study, which of the following is not an area in which corporate contributions are most likely to enhance a company's competitiveness?


Stakeholder management.


The major focus of ISO 14001 is to:


Support environmental protection in balance with socioeconomic needs.


As part of a continuing company commitment to monitor its manufacturing facilities, Mattel formed:


The "Zero Tolerance" program.


Which financial institution asked Wall Street finance companies to self-regulate?


The New York Stock Exchange.


One of the most widespread and potentially powerful efforts to combat bribery was initiated by:


The Organization for Economic Cooperation and Development


The idea of civic engagement involves:


The active involvement of businesses and individuals in improving communities.