Week 5 Knowledge Check Study Guide 2 - Challenges in business ethics and social responsibility Essay

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Week 5 Knowledge Check Study Guide
Concepts

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Questions

Challenges in business ethics and social

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responsibility
Corporate social responsibility Complications associated with whistleblowing

Concept: Challenges in business ethics and social responsibility
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What is one of the challenges in business ethics?

A. Business ethics is completely independent of the law.
B. Business ethics does not assert the obvious.
C. Business ethics issues are unrelated to the everyday occurrences in an organization.

D. Business ethics cannot be taught to employees.

Correct:
The Correct Answer is: D.
One of the challenges in business ethics is that it is difficult to teach. In addition, business ethics is hard to manage.
2.
What can help managers to overcome the challenge of teaching business ethics to employees? A. Attempting to change employees' values
B.

Instructing employees to follow only legal guidelines

C. Allowing employees to use their own personal moral standards while making decisions

D. Focusing on the management of employee values and conflicts Correct:
The Correct Answer is: D.
Business ethics need not be focused on changing the personal morals of employees.
Business ethics programs should aim to organize and control employee values and conflicts. 3.
How can an organization faced with the challenges of business ethics, overcome these challenges? A. By ensuring that its code of ethics has honesty mentioned in it.
B. By developing a business ethics program that focuses on making its employees unlearn their personal values.

C. By recognizing that ethics cannot be incorporated into its management. D. By acknowledging that legal regulations are the only way to prevent its employees from committing unethical acts.

Correct:
The Correct Answer is: A.
A code of ethics helps organizations to reinforce respect in ethical values. Since dishonesty can occur in different forms in an organization, the code of ethics should also include honesty.

Concept: Corporate social responsibility
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4.
Stephan is a proponent of the narrow view of corporate social responsibility (CSR). He believes that people should behave in a socially responsible manner on their own time.
What other opinion is Stephan likely to have?

A. Corporations have a duty to invest some of their resources on improving society.

B. Corporations should exclusively follow the instructions set by the government when carrying out CSR functions.

C. CSR functions should receive utmost importance by employees in a corporation.

D. Corporations should only focus on increasing the wealth of their shareholders.

Correct:
The Correct Answer is: D.
The narrow view on CSR suggests that corporations should only focus on increasing the wealth of their shareholders and that they are breaching their fiduciary duties if they do not.
5.
Which view of corporate social responsibility (CSR) suggests that the emphasis of corporations should be on CSR and not on achieving profitability? This view also suggests that the existence of corporations is based on the premise that they will serve society. A. The invisible hand view
B.

The management's hand view

C. The shareholder's hand view
D. The government's hand view

Correct:
The Correct Answer is: B.
The management's hand view of CSR states that the main focus of corporations should be to serve society and that achieving profitability should be a secondary goal.
This view also suggests that the existence of corporations is based on the premise that they will serve society.
6.
What is true about the moderate view of corporate social responsibility (CSR)?

A. It suggests that governments have a better view on CSR and the needs of society.

B. It suggests that the CSR functions of corporations should not be regulated by government agencies.

C.

It suggests that corporations should focus entirely on CSR
and…