GEB 4890 - EXAM 3 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
1. Business ethics can be defined as...
Answer:
principles and standards for making decisions and personnel's conduct.
Question:
2. According to the school of ethical universalism, the most important concepts of what is right and what is
wrong...
Answer:
are universal and transcend culture, society, and religion.
Question:
3. Integrated social contracts theory states that...
Answer:
ethical principles or norms are based on the views of multiple cultures.
Question:
4. Ethical business strategies and behavior are least likely to be present if there is...
Answer:
confusion over local ethical standards that conflict with the company.
Question:
5. Self-dealing occurs when managers...
Answer:
take advantage of their position to further their own private interests.
Question:
6. Company cultures that spawn an ethically corrupt or amoral work climate encourage...
Answer:
employees to ignore "what's right" and do they think they can get away with it.
Question:
7. Which of the following is an intangible or invisible cost that companies incur when ethical wrongdoing
is disclosed?
Answer:
The costs of complying with often harsher government regulations.
Question:
8. A company's corporate social responsibility strategy commonly does not include actions to...
Answer:
maximize returns for shareholders.
, Question:
9. CSR strategies directed at improving a company's "triple bottom line" focus on what types of
performance metrics?
Answer:
economic, environmental, and social metrics.
Question:
10. Socially responsible strategies that create value for customers and lower costs...
Answer:
can improve profits and shareholder value at the same time.
Question:
11. Ethical relativism states ethical/unethical behavior on local businesspeople is properly governed by
local standards. True or False?
Answer:
True.
Question:
12. Sustainable business practices meet the needs of the present without compromising the world's ability
to meet future needs. True or False?
Answer:
True.
Question:
13. A company's environmental sustainability strategy is compatible with the triple-bottom-line approach.
True or False?
Answer:
False.
Question:
14. Ethical strategies have higher employee morale and lower employee cynicism, leading to lower
employee turnover. True or False?
Answer:
True.
Question:
15. The triple bottom line is people, planet, and sustainability. True or False?
Answer:
False.
Question:
16. Major changes in strategy...
Answer:
nearly always calls for budget reallocation and resource shifting.
Question:
17. One of the big policy-making issues concerns...
CORRECT ANSWERS
Question:
1. Business ethics can be defined as...
Answer:
principles and standards for making decisions and personnel's conduct.
Question:
2. According to the school of ethical universalism, the most important concepts of what is right and what is
wrong...
Answer:
are universal and transcend culture, society, and religion.
Question:
3. Integrated social contracts theory states that...
Answer:
ethical principles or norms are based on the views of multiple cultures.
Question:
4. Ethical business strategies and behavior are least likely to be present if there is...
Answer:
confusion over local ethical standards that conflict with the company.
Question:
5. Self-dealing occurs when managers...
Answer:
take advantage of their position to further their own private interests.
Question:
6. Company cultures that spawn an ethically corrupt or amoral work climate encourage...
Answer:
employees to ignore "what's right" and do they think they can get away with it.
Question:
7. Which of the following is an intangible or invisible cost that companies incur when ethical wrongdoing
is disclosed?
Answer:
The costs of complying with often harsher government regulations.
Question:
8. A company's corporate social responsibility strategy commonly does not include actions to...
Answer:
maximize returns for shareholders.
, Question:
9. CSR strategies directed at improving a company's "triple bottom line" focus on what types of
performance metrics?
Answer:
economic, environmental, and social metrics.
Question:
10. Socially responsible strategies that create value for customers and lower costs...
Answer:
can improve profits and shareholder value at the same time.
Question:
11. Ethical relativism states ethical/unethical behavior on local businesspeople is properly governed by
local standards. True or False?
Answer:
True.
Question:
12. Sustainable business practices meet the needs of the present without compromising the world's ability
to meet future needs. True or False?
Answer:
True.
Question:
13. A company's environmental sustainability strategy is compatible with the triple-bottom-line approach.
True or False?
Answer:
False.
Question:
14. Ethical strategies have higher employee morale and lower employee cynicism, leading to lower
employee turnover. True or False?
Answer:
True.
Question:
15. The triple bottom line is people, planet, and sustainability. True or False?
Answer:
False.
Question:
16. Major changes in strategy...
Answer:
nearly always calls for budget reallocation and resource shifting.
Question:
17. One of the big policy-making issues concerns...
