Ethics and Managerial Ethics Quiz

Which branch of philosophy focuses on moral issues such as what is good and bad, right and wrong?

Ethics

What is the study of morality and standards of business conduct called?

Managerial ethics

What is the term used to describe the choice between two competing but arguably valid options?

Ethical dilemma

What is the term used to describe decisions that are contrary to an individual's stated beliefs and policies of the firm?

Ethical lapse Signup and view all the answers

How did Nike respond to the sweatshop labor controversy?

Offered microloans to workers Signup and view all the answers

What did Nike do to address overseas working conditions?

Formed Fair Labor Association Signup and view all the answers

Which approach to ethical decision-making focuses on the consequences of an action?

Utilitarian Signup and view all the answers

Which component of moral intensity refers to the physical, psychological, and emotional closeness the decision maker feels to those affected by the decision?

Proximity Signup and view all the answers

What does the component of moral intensity called 'temporal immediacy' refer to?

The interval between the time the action occurs and the onset of its consequences Signup and view all the answers

Which component of moral intensity refers to the extent to which people agree that an act is either good or bad?

Social consensus Signup and view all the answers

Which perspective looks to maximize profits for the owners of the business?

Efficiency Perspective Signup and view all the answers

Who are stakeholders?

Individuals or groups impacted by or interested in each business decision or project Signup and view all the answers

What is the purpose of a code of ethical conduct?

To outline acceptable and unacceptable behavior Signup and view all the answers

What is the main effect of corruption on countries and companies?

Financial and social damage Signup and view all the answers

What does the Foreign Corrupt Practices Act (FCPA) prohibit?

Firms from paying money to people suspected of bribing public officials Signup and view all the answers

What is the difference between bribery and facilitating payments?

Bribery involves collusion and breach of trust, while facilitating payments expedite routine governmental actions Signup and view all the answers

What are the ways in which companies can promote ethical conduct?

Communication, training, reward, and recognition Signup and view all the answers

Which response to pressures for social responsibility involves fighting against efforts to restrict or regulate activities and profit-making potential?

Defenders Signup and view all the answers

What is the purpose of whistleblowing statutes?

To allow employees to disclose illegal or unethical conduct Signup and view all the answers

What is the concentration of effect in the context of business decisions?

The extent to which consequences are focused on a few individuals or dispersed across many Signup and view all the answers