Corporate Social Responsibility and Ethics
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Corporate Social Responsibility and Ethics

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Questions and Answers

Which approach to green management requires firms to simply obey laws and regulations?

  • Legal Approach (correct)
  • Stakeholder Approach
  • Activist Approach
  • Market Approach

    • What is the classical view of a business's social responsibility?

  • To maximize profits (correct)
  • To maximize profits and improve society's welfare
  • To meet legal and economic responsibilities only
  • To prioritize environmental sustainability

    • The Activist Approach in green management focuses solely on legal compliance.

    False

    What are the three levels of moral development mentioned?

    <p>Preconventional, Conventional, Principled</p> Signup and view all the answers

    The socioeconomic view asserts that a business's social responsibility is limited to making profits.

    <p>False</p> Signup and view all the answers

    The _______ Approach involves addressing the environmental demands of multiple stakeholders.

    <p>Stakeholder</p> Signup and view all the answers

    What is meant by social responsiveness in the context of corporate behavior?

    <p>Engaging in social actions in response to some popular social need.</p> Signup and view all the answers

    Match the following green management approaches with their descriptions:

    <p>Legal Approach = Obeying laws and regulations Market Approach = Responding to customer preferences Stakeholder Approach = Meeting demands of multiple stakeholders Activist Approach = Actively pursuing environmental responsibility</p> Signup and view all the answers

    Socially responsible investing (SRI) funds usually avoid companies involved in __________.

    <p>liquor, gambling, tobacco, nuclear power, weapons, price fixing, and other unethical practices.</p> Signup and view all the answers

    Which stage of moral development is characterized by decisions based on personal consequences?

    <p>Preconventional level</p> Signup and view all the answers

    Match the following concepts with their definitions:

    <p>Social Obligation = Meeting economic and legal responsibilities only Socioeconomic View = Responsibility to improve society's welfare Social Screening = Applying social criteria to investment decisions Social Responsibility = Intention to do right beyond legal obligations</p> Signup and view all the answers

    Which of the following factors can lead to unethical behavior in organizations?

    <p>Lack of transparent communication</p> Signup and view all the answers

    Individual characteristics, such as personal values, do not affect ethical behavior.

    <p>False</p> Signup and view all the answers

    Social responsibility includes legal obligations but does not require any moral actions.

    <p>False</p> Signup and view all the answers

    List two factors that influence whether a person behaves ethically or unethically.

    <p>Stage of moral development, individual characteristics</p> Signup and view all the answers

    What is the primary goal of green management in organizations?

    <p>To implement environmentally sustainable practices.</p> Signup and view all the answers

    What does 'Locus of Control' measure?

    <p>The degree to which people believe they control their own fate</p> Signup and view all the answers

    Greater consensus of wrong results in decreased issue intensity.

    <p>False</p> Signup and view all the answers

    Name one of the factors that can influence ethical behavior in an organization?

    <p>Performance appraisal system</p> Signup and view all the answers

    The greater the likelihood that an action will cause harm, the greater the issue intensity or importance. This is known as the __________ of harm.

    <p>Probability</p> Signup and view all the answers

    Match the following characteristics of issue intensity to their descriptions:

    <p>Greatness of Harm = The larger the number of people harmed, the greater the issue intensity Immediacy of Consequences = The faster the consequences are felt, the greater the issue intensity Proximity to Victim(s) = The closer the individual feels to the potential victims, the greater the issue intensity Consensus of Wrong = The more agreement that the action is wrong, the greater the issue intensity</p> Signup and view all the answers

    What is one of the six characteristics that determine issue intensity?

    <p>Greatness of harm</p> Signup and view all the answers

    The Foreign Corrupt Practices Act allows for any form of payment to foreign officials.

    <p>False</p> Signup and view all the answers

    How does concentration of effect influence issue intensity?

    <p>The more focused the effect of the action on the victims, the greater the issue intensity.</p> Signup and view all the answers

    What is the purpose of pre-employment integrity testing?

    <p>To determine an applicant's ethical standards</p> Signup and view all the answers

    Leadership commitment is not necessary for encouraging ethical behavior in organizations.

    <p>False</p> Signup and view all the answers

    What is a whistle-blower?

    <p>An individual who raises ethical concerns or issues to others.</p> Signup and view all the answers

    A formal statement of an organization’s primary values is known as a __________.

    <p>code of ethics</p> Signup and view all the answers

    Match the following concepts with their definitions:

    <p>Pre-employment integrity testing = Evaluation of potential dishonesty in applicants Code of ethics = A formal statement of primary values Whistle-blower = An individual raising ethical concerns Leadership commitment = Top management's role in promoting ethics</p> Signup and view all the answers

    Which of the following is NOT a protective mechanism for employees facing ethical dilemmas?

    <p>Strict penalties for reporting</p> Signup and view all the answers

    To encourage ethical behavior, only the results of goal achievement should be evaluated.

    <p>False</p> Signup and view all the answers

    What role do independent social audits play in an organization?

    <p>They evaluate decisions and management practices against the organization's code of ethics.</p> Signup and view all the answers

    What is a social entrepreneur?

    <p>An individual or organization aiming to improve society</p> Signup and view all the answers

    Social obligation refers to engaging in social actions solely for profit.

    <p>False</p> Signup and view all the answers

    What is one way companies can promote social change?

    <p>Employee volunteering efforts</p> Signup and view all the answers

    The _____ approach to green management focuses on addressing environmental issues through market-based strategies.

    <p>Market</p> Signup and view all the answers

    Which of the following is a factor that affects ethical behavior?

    <p>Individual’s level of moral development</p> Signup and view all the answers

    Match the approaches of green management with their definitions:

    <p>Light green = Basic environmental practices Market approach = Incentivizing sustainable business practices Stakeholder approach = Involving all interested parties in decision-making Activist or dark green = Strong commitment to environmental causes</p> Signup and view all the answers

    Managers play a crucial role in promoting unethical behavior within organizations.

    <p>False</p> Signup and view all the answers

    What is one way managers can protect whistle-blowers?

    <p>By adopting policies that encourage them to come forward</p> Signup and view all the answers

    Study Notes

    Social Responsibility

    • Companies have different levels of social responsibility, ranging from meeting legal/economic obligations (social obligation) to engaging in actions that benefit society (social responsiveness).
    • The classical view believes maximizing profits is the sole responsibility of management, while the socioeconomic view suggests that management should also prioritize society's well-being.

    Green Management

    • Green management refers to companies considering their impact on the environment, leading to the adoption of sustainable practices.
    • Businesses can go green using different approaches:
      • Legal (light green): Following environmental regulations.
      • Market: Responding to customer preferences for eco-friendly products.
      • Stakeholder: Meeting the environmental demands of various stakeholders.
      • Activist (dark green): Actively seeking ways to preserve and respect the environment.

    Ethical Behavior

    • Ethics encompasses principles, values, and beliefs defining right and wrong behavior.
    • Multiple factors influence individuals' decisions to act ethically or unethically:
      • Moral development: Stages range from personal consequences to principles and shared values.
      • Individual characteristics: Values, ego strength, locus of control.
      • Structural variables: Organizational design, goals, performance appraisal, reward allocation.
      • Issue intensity: The significance of an ethical issue based on greatness of harm, consensus of wrong, probability of harm, immediacy of consequences, proximity to the victim, and concentration of effect.

    Encouraging Ethical Behavior

    • Management plays a key role in ethical behavior by creating a supportive culture:
      • Employee selection: Use pre-employment checks and interviews to assess integrity.
      • Code of ethics: Establish clear ethical expectations for employees.
      • Leadership: Managers serve as ethical role models by embodying shared values and leading by example.
      • Goals and performance appraisal: Evaluate both the results and the means of achieving goals.
      • Ethics training: Provide education and training to reinforce ethical behavior.
      • Independent social audits: Regularly assess management practices against the organization's code of ethics.

    Current Social Responsibility and Ethics Issues

    • Ethical leadership is crucial, as managers heavily influence employees' ethical decision-making.
    • Companies should protect "whistle-blowers" who raise ethical concerns.
    • Social entrepreneurs aim to improve society through innovative and sustainable approaches.
    • Corporate philanthropy and employee volunteering are valuable for promoting social change.

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    Description

    Explore the different levels of corporate social responsibility, from legal obligations to proactive societal involvement. Understand the concepts of green management and ethical behavior in business practices. This quiz will test your knowledge on how companies can balance profit and societal well-being.

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