Ethics,corporate Social Responsibility,and Sustainability

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Question 1

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Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

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Question 2

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What is considered normal business practice in one country may be considered unethical in other countries.

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Question 3

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The Sullivan principles mandated that GM could operate in South Africa as long as the company complied with the apartheid laws.

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Question 4

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The tragedy of the commons occurs when a resource held in common by all,but owned by no one,is overused by individuals,resulting in its degradation.

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Question 5

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Corporations can contribute to the global tragedy of the commons by not pumping pollutants into the atmosphere or dumping them in oceans or rivers.

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Question 6

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International businesses cannot gain economic advantages by making payments to corrupt government officials.

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Question 7

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The Foreign Corrupt Practices Act outlawed the paying of bribes to foreign government officials to gain business.

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Question 8

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The Foreign Corrupt Practices Act originally allowed "facilitating payments" to secure contracts that would not otherwise be secured.

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Question 9

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Facilitating payments are also known as speed money or grease payments.

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Question 10

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Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.

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Question 11

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In a business setting,noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

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Question 12

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Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

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Question 13

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The ethical obligations of a multinational corporation toward employment conditions,human rights,environmental pollution,and the use of power are always clear-cut.

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Question 14

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Ethical dilemmas are situations in which none of the available alternatives seems ethically acceptable.

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Question 15

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Ethical dilemmas exist because many real-world decisions involve first-,second-,and third- order consequences that are hard to quantify.

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Question 16

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Societal business ethics are divorced from personal ethics.

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Question 17

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An individual with a strong sense of personal ethics is less likely to behave in an unethical manner in a business setting.

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Question 18

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A firm's organizational culture refers to the values and norms that are shared among employees of an organization.

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Question 19

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Employees in a business often take their cue from business leaders,and if those leaders do not behave in an ethical manner,they might not either.

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Question 20

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Straw men approaches to business ethics offer appropriate guidelines for ethical decision making in a multinational enterprise.

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