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Business Ethics and Corporate Social Responsibility 2
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Business Ethics and Corporate Social Responsibility 2
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25 Questions

1. The Federal Sentencing Guidelines for Organizations Act contains broad employee whistle-blower protections that subject corporations to penalties for retaliating against employees who report suspected corporate wrongdoing.
2. The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in 2010.
3. Most of the 500 largest corporations in the U.S. now have a code of ethics.
4. Corporate social responsibility (CSR) is the implied, enforced, or felt obligation of managers, acting in their official capacity, to serve or protect the interests of groups other than themselves.
5. Procter & Gamble has served as a leader in corporate social responsibility by developing and implementing environment-protection technology and encouraging employees to participate in civic activities.
6. A social audit is a systematic assessment of a company's activities in terms of its social impact.
7. Surveys indicate that 25% of investors would move their account if they discovered the company was involved in unethical behavior.
8. The number of whistleblower suits has decreased dramatically since the Recession of 2008.
9. According to the model of ethics, advice from friends, holy books, and laws serve as sources of ethical guidance.
10. Surveys indicate that most companies link employee bonuses to ethical performance.
11. A typical social audit in a business focuses on corporate revenues, cash flows, and retained earnings.
12. Compliance with the law sets the minimum standard for ethical behavior in business.
13. From a global perspective, it may be easier to be socially responsible in a prospering economy but more difficult when the economy is bad.
14. Unethical practices are limited to Wall Street because of the money and pressure involved.
15. Most experts believe that information discovered by external auditors is much more effective in uncovering wrongdoings than information provided by whistleblowers.
16. According to the FSGO, firms must provide ethical training to employees.
17. Corporate social responsibility is the model in which the pursuit of profit is replaced by the pursuit of social and environmental goals.
18. A code of ethics establishes the rules by which the organization lives and becomes part of the organization's corporate culture.
19. An organization's middle managers usually initiate a corporation's approach to social responsibility.
20. In a narrow sense, the term sustainability" can be defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs."
21. The concept of whistleblowing" was first introduced in the Sarbanes-Oxley Act of 2002."
22. The ideal social audit lists socially responsible activities and how much each one costs.
23. The Procurement Integrity Act of 1988 was passed after reports of military contracts for $500 toilet seats and $5,000 hammers.
24. Citizenship is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation.
25. According to the World Commission on Environment and Sustainability, when a company creates wealth for its shareholders, society as a whole will also benefit.

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