Legal and Social Envir of Bus - Mindtap

Learn Its The ethical model that focuses on the outcome of a decision, as opposed to the motives behind the decision, is: A. Utilitarianism B. Deontological C. Kantian D. Categorical Imperative Which of the following are considerations of corporate social responsibility? Choose 3 answer choices. A. Issues within the community where a business is located B. Maximization of company profits C. Environmental impact of a business D. Ethical treatment of employees and suppliers Which of the following represent two of the potential financial costs of reporting unethical behavior? Choose 2 answer choices. A. the loss of top performing employees B. a decrease in employee morale C. the termination of the employee who made the report D. penalties, fines, and lawsuits against the company Check Your Understanding Business law is a vast body of state and federal law governing business activities that includes statutes (codes), common law, court cases, and: Choose 2 answers. A. corporate citizenship. B. ethics. C. constitutions. D. regulations. Ethics is the consideration of how one should act, based on which of the following concepts? A. the moral minimum B. strict legality and legal compliance C. morality, or principles of right and wrong D. cause and effect Under which principle of ethics would a person consider whether his or her action is one that every other person should take? A. outcome-based ethics B. the principle of rights C. Kant’s categorical imperative D. religious principles of ethics When making a decision using the stakeholder theory of management, a business professional would place more weight on which of the following? Choose 2 answers. A. the harm to customers from using the company’s product over profits B. the impact of its decisions on employees over the profitability of the business C. the impact of its decision on the value of its stock D. its profitability over the impact on employees Which of the following activities is an example of corporate social responsibility? A. ensuring all employees meet minimum licensure standards B. careful compliance with employee safety regulations C. establishment of a foundation that funds high school educational initiatives D. funding a research project that supports the company’s marketing initiative for a new product Which of the following are methods of preventing unethical behavior? Choose 2 answers. A. establishing a company code of ethics B. keeping an attorney on retainer C. terminating an employee for unethical behavior D. allowing lower-level managers to develop their own ethical rules Which of the following illustrates a financial or non-financial cost of unreported unethical behavior to a company? Choose 2 answers. A. Sweet Home Diner lost half of its business when the community became outraged with the owner for failing to stop the racist social media postings of the restaurant manager. B. The Old Mill relocated one of its plants, at a cost of over $1 million, when it discovered it was polluting a local river. C. Brown Shoe Manufacturing, Inc. recently lost one-third of its stitching room employees to a nearby competitor. The chief executive officer decided to forego a portion of his salary so the company could increase the salaries of all employees. D. Employee morale hit an all-time low when Scott, the line supervisor, ignored repeated instances of harassment by certain employees. Under which theory of ethics would a decision be ethical if it provides the greatest benefit for the largest number of individuals? A. duty-based ethics B. corporate social responsibility C. Kantianism D. Utilitarianism A company exhibits responsible corporate citizenship when it: A. maximizes profits for its shareholders. B. expands globally. C. uses its wealth and influence to benefit society as a whole. D. develops a code of ethics. Under the principle of rights, the term “rights” refers to: A. shareholder rights. B. property rights. C. citizenship rights. D. the fundamental rights of human beings.