MGT Principles CH2

Which of the following is NOT one of the basic approaches to ethical decision-making?

• Utilitarian approach

• Moral rights approach

• Self-interest approach

• Justice approach

Which ethical approach focuses on following rules that can be applied universally to all people in all situations?

• Utilitarian approach

• Moral rights approach

• Universalism approach

• Justice approach

Which of the following factors influences moral intensity in ethical decision-making?

• A) Temporal immediacy

• B) Social consensus

• C) Probability of effect

• D) All of the above

What is the main difference between Managerial Ethics and Corporate Social Responsibility?

• Managerial ethics focus on individual decision-making, while CSR focuses on company-wide policies

• CSR is legally mandated, while managerial ethics are voluntary

• Managerial ethics are only applicable in non-profit organizations

• There is no difference between them

What is the Strategic Corporate Social Responsibility Approach?

• A) A reactive response to external pressures

• B) The use of CSR initiatives to gain a competitive advantage

• C) Ignoring CSR to focus solely on shareholder returns

• D) A government-mandated program for all businesses

According to the Efficiency Perspective of CSR, companies should: A) Prioritize fixing problems only after they cause harm B) Avoid taking responsibility for their environmental impact C) Engage in proactive ethical business practices D) Focus solely on increasing shareholder value

• Prioritize fixing problems only after they cause harm

• Avoid taking responsibility for their environmental impact

• Engage in proactive ethical business practices

• Focus solely on increasing shareholder value

Which of the following is NOT a powerful way to enhance ethical behavior in organizations?

• Implementing a formal code of ethics

• Offering ethics training for employees

• Encouraging whistleblowing

• Keeping ethical violations secret to protect company reputation

Why is whistleblowing considered an important ethical practice?

• It allows employees to expose unethical behavior in organizations

• It prevents employees from being promoted

• It helps companies hide their ethical mistakes

• It ensures that only top management makes decisions

Which of the following is a potential negative effect of unethical managerial decisions?

• Increased company profits

• Loss of shareholder value and reputation

• Improved employee morale

• A positive public image

Corporate Social Responsibility (CSR) is solely about charity and does not impact a company’s profitability.

• True

• False