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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. A code of ethics establishes the rules by which the organization lives and becomes part of the organization's corporate culture.
2. Citizenship is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation.
3. 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."
4. The Corporate and Auditing Accountability, Responsibility and Transparency Act is also known as the Sarbanes-Oxley Act.
5. 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.
6. Compliance with the law sets the minimum standard for ethical behavior in business.
7. Corporate social responsibility is the model in which the pursuit of profit is replaced by the pursuit of social and environmental goals.
8. Laws offer guidance to ethical behavior, prohibiting acts that can be especially harmful to others.
9. 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.
10. According to the model of ethics, advice from friends, holy books, and laws serve as sources of ethical guidance.
11. Surveys indicate that 25% of investors would move their account if they discovered the company was involved in unethical behavior.
12. According to the World Commission on Environment and Sustainability, when a company creates wealth for its shareholders, society as a whole will also benefit.
13. The Procurement Integrity Act of 1988 was passed after reports of military contracts for $500 toilet seats and $5,000 hammers.
14. The number of whistleblower suits has decreased dramatically since the Recession of 2008.
15. Most of the 500 largest corporations in the U.S. now have a code of ethics.
16. Ethics training for global firms requires accurate translations as well as localization.
17. The ideal social audit lists socially responsible activities and how much each one costs.
18. Most experts believe that information discovered by external auditors is much more effective in uncovering wrongdoings than information provided by whistleblowers.
19. An organization's middle managers usually initiate a corporation's approach to social responsibility.
20. Corporate social responsibility and corporate sustainability are unrelated terms.
21. Corporate America has embraced the whistleblower provisions of the Dodd-Frank Act.
22. From a global perspective, it may be easier to be socially responsible in a prospering economy but more difficult when the economy is bad.
23. According to the Procurement Integrity Act, if a firm that has an ethics program in place is found guilty of misconduct, the firm will receive a reduced punishment.
24. According to the FSGO, firms must provide ethical training to employees.
25. Unethical practices are limited to Wall Street because of the money and pressure involved.

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