Classroom Response System Business Ethics and Social Responsibility Business Essentials, 8th Edition Ebert/Griffin Classroom Response System Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

One’s beliefs about what is right and wrong are known as: Morals Codes Ethics Responsibility Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

One’s beliefs about what is right and wrong are known as: Morals Codes Ethics Responsibility Ethics are an individual’s beliefs about right and wrong. They vary from person to person. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

The behaviors shown by employees in the workplace context is known as: Professional behavior Business ethics Code of conduct Utility Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

The behaviors shown by employees in the workplace context is known as: Professional behavior Business ethics Code of conduct Utility Ethics in the workplace are known as business ethics. They also vary from workplace to workplace. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Ethical behavior in the workplace starts at the top; this is why ________ are vital to the success of a business. conflicts of interest leadership agents managerial ethics change agents Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Ethical behavior in the workplace starts at the top, this is why ________ are vital to the success of a business. conflicts of interest leadership agents managerial ethics change agents Managerial ethics are the standards of behavior shown by a company’s leadership. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall When a choice results in a “win-win” situation, this meets which ethical norm? Utility Rights Justice Caring Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall When a choice results in a “win-win” situation, this meets which ethical norm? Utility Rights Justice Caring The utility norm is met when all sides receive a fair result. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Employees have obligations with colleagues and other stakeholders. Which ethical norm does this address? Caring Utility Justice Rights Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Employees have obligations with colleagues and other stakeholders. Which ethical norm does this address? Caring Utility Justice Rights Caring is the norm exhibited when behaviors are consistent with people’s responsibility to one another. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Companies who put their beliefs in writing have created a: Public contract Code of ethics Beliefs program Code of responsibility Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Companies who put their beliefs in writing have created a: Public contract Code of ethics Beliefs program Code of responsibility A code of ethics is a written statement of beliefs held by a group, such as a business or a profession. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many companies use these in order to help reinforce the importance of making the right choices in the workplace. Internet scenarios Client questionnaires Ethics programs None of these Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many companies use these in order to help reinforce the importance of making the right choices in the workplace. Internet scenarios Client questionnaires Ethics programs None of these Ethics programs help to remind employees that their behaviors can have a positive or negative impact on the business. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall A company that gets involved with a local charity is demonstrating this. Stakeholder relationship management Social responsibility Investor relations Customer service Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall A company that gets involved with a local charity is demonstrating this. Stakeholder relationship management Social responsibility Investor relations Customer service A business has obligations to a number of stakeholders. Social responsibility programs attempt to balance these commitments. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Which of these is an organizational stakeholder? Suppliers Stockholders Employees All of these are examples of a stakeholder Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Which of these is an organizational stakeholder? Suppliers Stockholders Employees All of these are examples of a stakeholder Many groups are affected by the behavior of a business. These three are just a few examples of a stakeholder. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Using proper accounting procedures when filing financial statements is a way for a business to be socially responsible with which group? Investors Governments Banks All of these Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Using proper accounting procedures when filing financial statements is a way for a business to be socially responsible with which group? Investors Governments Banks All of these Proper accounting affects many stakeholders. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many businesses believe that they have a role in protecting the welfare of society. This reflects a belief in: Codes of ethics Accountability Laissez-faire ethics None of these Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many businesses believe that they have a role in protecting the welfare of society. This reflects a belief in: Codes of ethics Accountability Laissez-faire ethics None of these Accountability helps to guide the social behavior of business. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Consumerism is meant to protect the rights of consumers when dealing with businesses. Which of these is NOT considered a right? The right to the lowest prices The right to safe products The right to be heard The right to be educated about purchases Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Consumerism is meant to protect the rights of consumers when dealing with businesses. Which of these is NOT considered a right? The right to the lowest prices The right to safe products The right to be heard The right to be educated about purchases Consumerism focuses on six basic rights. Lowest prices is not one of them. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Competitors that agree on a strategy to “fix” prices are guilty of: Cheating Reverse competition Collusion Product modification Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Competitors that agree on a strategy to “fix” prices are guilty of: Cheating Reverse competition Collusion Product modification Collusion is another term for “price-fixing.” Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall An employee who reports unethical behavior to individuals outside the business is known as a: Whistle-blower Concerned stakeholder Management auditor Social advocate Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall An employee who reports unethical behavior to individuals outside the business is known as a: Whistle-blower Concerned stakeholder Management auditor Social advocate Whistle-blowers report unethical behaviors to regulatory agencies, the media, or others. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Martha Stewart privately learned bad news about a stock she owned, and then sold the stock before the bad news was announced. Martha was showing good business sense. Martha was guilty of insider trading. Martha’s behavior was unethical, but not illegal. None of these Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Martha Stewart privately learned bad news about a stock she owned, and then sold the stock before the bad news was announced. Martha was showing good business sense. Martha was guilty of insider trading. Martha’s behavior was unethical, but not illegal. None of these Martha Stewart served time in prison for engaging in insider trading. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many companies will do as little as possible to act socially responsible. They are: Acting proactively Taking an accommodative stance Taking an obstructionist stance Acting defensively Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many companies will do as little as possible to act socially responsible. They are: Acting proactively Taking an accommodative stance Taking an obstructionist stance Acting defensively Businesses which do little, or even cover up violations, take an obstructionist stance to social responsibility. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Businesses who only do enough to “stay legal” are using this approach to social responsibility. Obstructionist stance Defensive stance Accommodative stance Proactive stance Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Businesses who only do enough to “stay legal” are using this approach to social responsibility. Obstructionist stance Defensive stance Accommodative stance Proactive stance A business that only meets the legal requirements to social responsibility use a defensive stance. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many companies will go “above and beyond,” if they are asked to do so. This is an example of a(n): Obstructionist stance Defensive stance Accommodative stance Proactive stance Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many companies will go “above and beyond,” if they are asked to do so. This is an example of a(n): Obstructionist stance Defensive stance Accommodative stance Proactive stance Those who act socially responsible when asked are taking an accommodative stance. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall The Home Depot employs a number of Olympic athletes. They are demonstrating: An obstructionist stance A defensive stance An accommodative stance A proactive stance Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall The Home Depot employs a number of Olympic athletes. They are demonstrating: An obstructionist stance A defensive stance An accommodative stance A proactive stance Businesses which act socially responsible because they choose to do so are acting in a proactive manner. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many businesses evaluate their investments in socially responsible activities. This analysis is known as a(n): Code analysis Investment portfolio Social audit Ethics program Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Many businesses evaluate their investments in socially responsible activities. This analysis is known as a(n): Code analysis Investment portfolio Social audit Ethics program A social audit assesses the success of socially responsible activities. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall

Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall