Chapter 1
MULTIPLE CHOICE
1. Which of the following is not listed as a general issue involving social or ethical ramifications within the relationship between business and society?
a. downsizing pension programs
b. toxic waste disposal
c. insider trading
d. death penalties
ANS: D PTS: 1 REF: 4
NAT: AACSB Ethics | Ethical Responsibilities
2. The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as
a. the third sector.
b. government.
c. business.
d. the free market economy.
ANS: C PTS: 1 REF: 5
NAT: AACSB Analytic | Environmental Influence
3. Which of the following characteristics of an industry does not add to the
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Carrying the idea of a pluralistic society to an extreme leads to
a. anarchy.
b. totalitarian government.
c. a special-interest society.
d. a free market economy.
ANS: C PTS: 1 REF: 10
NAT: AACSB Analytic | Environmental Influence
16. Because of the sheer member, and specificity of special interest groups, the groups often
a. collaborate with each other to achieve common goals.
b. sabotage each other's efforts to attain their goals.
c. work at cross-purposes.
d. collude to see that their common interests are emphasized.
ANS: C PTS: 1 REF: 10
NAT: AACSB Analytic | Environmental Influence
17. Major institutions in a pluralistic, special-interest society will inevitably receive
a. praise.
b. special favors.
c. scrutiny and criticism.
d. tax advantages.
ANS: C PTS: 1 REF: 11
NAT: AACSB Analytic | Environmental Influence
18. Which of the following is not a factor in the social environment that has lead to the current climate of criticism of business?
a. affluence and education
b. the revolution of rising expectations
c. an entitlement mentality
d. the Protestant work ethic
ANS: D PTS: 1 REF: 13-17
NAT: AACSB Analytic | Environmental Influence
19. The average level of formal education in the United States is
a. rising.
b. dropping.
c. staying about the same.
d. unknown.
ANS: A PTS: 1 REF: 13
NAT: AACSB Analytic | Individual Dynamics
20. Television raises our level of awareness about business
There are many different paths people can take throughout their lives. In the novel, Fifth Business by Robertson Davies, the main character, Dunstan Ramsey, takes the path of the Canadian hero. There are many different steps to be taken by the hero and Dunstan Ramsey follows his path by completing each step.
1. Give an example of a case that would fall under diversity jurisdiction. Explain all of the key elements of such a case.
Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,
3. For a crime to be committed, the prosecutor must be able to prove a criminal intent and an overt act to carry out that intent. Jack and Mary agreed to rob a series of banks. Prior to beginning their bank robbery spree, they were arrested and charged with criminal conspiracy. What act did Jack and Mary do that justifies a finding that they committed the crime? Explain.
Difficult to define, ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context (Investopedia LLC., 2015). Social responsibility is the concept that businesses develop a positive relationship to the society and environment, which they operate; and not focus, solely on maximizing profits (Stan Mack, 2015).
General Motors has been called a "template for 21st century capitalism." True False A business is any organization that is engaged in making a product or providing a service for a profit. True False Businesses and society are independent of one another. True False The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders. True False The instrumental argument for the stakeholder theory of the firm says that companies perform better if they consider the rights and concerns of multiple groups in society. True False The normative argument for the stakeholder theory of the firm says that the
Grudem’s, Business for the glory of God is a sleek, contemporary how to guide that offers ways Business in itself glorify God, in particular the business component’s “Ownership,” “Productivity”, “Employment”, ‘’Commercial Transactions”, “Profit”, “Money”, “Inequality of Possessions”, “Competition”, and “Borrowing and Lending”. He takes each component and demonstrates a connection with theological principles. The author stresses man was created to glorify God. If we imitate God’s attributes in business practices, we can then, in turn, glorify God. He states that these areas offer “multiple layers of opportunities give glory to God” (Grudem, 2003, p. 17).
Specify, in brief, the nature, structure, types of products or service of the business you selected. Examine the information within the company’s code of ethical conduct, and choose three (3) key issues from within the document that you believe are critical for success. Provide rationale for the response.
Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position.
Solving issues of money with the American Government Administrative Agencies almost takes an act of God. Have you ever noticed that there are never wrong? I do not know of a case where the citizen prevailed without court involvement. Why is that?
Working in Human resources can make it very difficult to meet friends at work. Many Human resources professionals avoid being too friendly with employees outside of the department and there are employees who keep their distance from being too friendly with Human resources personnel.
Business ethics is a multifaceted field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within the management of businesses. It does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are confronted with all the time. Business ethics not only portray to humans, but also to how businesses treat the environment.
We’re in a new time, a transitional time unlike any we have seen in recent history. As a result of this ethics has had to evolve. In this evolutionary era ethics must be shaped by the people who will are most involved in its making, more particularly me. I guess this leads us to the question what is the ethics that we will carry forth in order to shape this new world view inside of business. To answer this important question I must spilt the concepts into two different categories. The culture of the company, and the things that the company must work to avoid.
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Siltronica (like many other large corporations) has historically utilized the standard Waterfall methodology for software development. While there is a time and a place to utilize this approach (in well defined areas with simple requirements), Agile is a preferable methodology in most other situations.