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Exam 3: The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

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Question 1

Multiple Choice

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Sunset Oil is a large oil drilling company off the Gulf Coast. They want to expand their drilling area and are receiving a great deal of push back from the local community. It will now be on the ballot at the next election. Sunset Oil is concerned about how all of this will impact their bottom line. Which of the following should be a consideration for Sunset Oil?

A) task environment
B) social audit
C) triple bottom line
D) clawbacks
E) crowdfunding

F) A) and B)
G) A) and E)

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C

Question 2

Multiple Choice

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Alonzo, the president of his high school's senior class and honor society, has been very busy and did not study for an important history test. Although Alonzo is very confident, he realizes that he probably will not do well on the test. He has talked himself into cheating because he believes that cheating will help him maintain his strong GPA, which he will need to be accepted by a good college. He tells his friend, "I don't usually cheat, but I really have to do it." His friend talks him out of it. Kohlberg would say that his friend is in which stage or moral development?

A) preconventional
B) conventional
C) moral-rights
D) postconventional
E) utilitarian

F) A) and E)
G) None of the above

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Question 3

Multiple Choice

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This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state. How would Aetna leaving have an impact on the local community?

Maryanne was looking over her son's school supply list and saw that he needed three 2-inch binders, a pack of copy paper, and a box of staples. Knowing that her company had all of this in the supply closet, she planned to just bring them home with her the next day. This would be considered

The Parvizians own several oriental rug stores in and around the Washington, DC, metropolitan area. It is expected that as each of the brothers have children they will grow up and take part in the business too. The members of the family are considered

Kendra decided to leave her job in the city and move to the country where she plans to start her own business selling homemade preserves, soaps, lotions, and candles. Kendra's business would be

The task environment of Eye of the Needle Costume Designers consists of just two groups, customers and stockholders, who give the employees and management of Eye of the Needle the daily tasks that the company's employees will handle.

Mr. Liang, a wealthy businessman who made his fortune in the oil industry, understands the importance of a college education, so he has donated over $10 million over the last several years to colleges and universities. Mr. Liang's actions are an example of

The general environment, or macroenvironment, includes six forces: economic, technological, sociocultural, demographic, political-legal, and international.

Fewer children are interested in learning how to play a musical instrument, and young people have less interest in owning cars. These two trends are examples of ________ forces at work.

The macroenvironment, also known as the ________ includes six forces.

To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ________ approach to deciding ethical dilemmas.

The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical policies outlined in their company's code of ethics. Curtis, a cook, said that "Just today, Rob, our manager, called our supplier to let them know we received an extra case of tomatoes that we did not pay for. And they do this type of thing almost every day." Pi's Pizza maintains a(n)

Which type of funding raises small amounts of money from many people to finance a new venture?

Fordham professor Robert Hurley said, "We do not have a crisis of ethics in business today. We have a crisis of trust." Would you agree?

Glenn is the president of the senior class, and he is having a very busy semester, trying to balance his coursework and his internship at a major company. He can't find the time he needs to write a term paper for his history course. To save himself time, he decides to buy a prewritten paper from a website that sells papers for a hefty fee. Alexi, his roommate, finds out and reports him to the Dean of Student Services. Glenn is given an F on the paper and a chance to rewrite it, which is seen as generous. Justify Alexi's actions.

Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term. However, farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests. This type of thinking reflects the ________ approach to deciding ethical dilemmas.

Blue Brothers' cleaning products and equipment are sold to consumers and commercial cleaning companies in Clean Supply's janitorial supply and equipment store. Blue Brothers' relies heavily on Clean Supply to help sell its goods and services to customers. Clean Supply is a(n) ________ of Blue Brothers' products.

Over half of millennials believe that companies operate to meet society's needs first and their own agenda second.

The employees of a production facility that produce parts for boats are meeting to discuss ways to control rising costs, which are affecting their bonus (incentive pay). The employees are internal stakeholders of the factory.