Question : 121.The code of ethics of a company draws heavily upon : 1299274

121.The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights, which itself is grounded in Kantian and rights-based theories of moral philosophy. In the context of this information, this company is most likely to:  

A. restrict its employees from joining a trade union.

B. set unrealistic performance goals for its employees.

C. promote employees on the sole basis of their particular characteristics such as race, sex, nationality, and class.

D. make its employees work under unfavorable working conditions.

E. respect the dignity of an individual and the right of employees to freedom of association.

122.In a business setting, which of the following practices is most likely to be considered as unethical?

A. Allowing managers within a company who act in accordance with the rights theories

B. Promoting employees who engage in ethical behavior and penalizing those who do not

C. Hiring independent auditors to ensure that subcontractors used by the company are living up to it’s code of conduct

D. Making sure that key business decisions make good economic sense irrespective of their social costs and risks

E. Informing prospective employees about the ethical climate in the organization

123.Which of the following approaches to ethics helps to provide a moral compass to managers?  

A. John Rawls’s theory of justice

B. The Friedman doctrine

C. Cultural relativism

D. Naive immoralism

E. The tragedy of the global commons

124._____ fall into the category of external stakeholders of an organization.  

A. Employees

B. Customers

C. Trustees

D. Board of directors

E. Stockholders

125.Elephas Inc. is a steel rod manufacturing company that has customers, investors, vendors, and competitors from all across the globe. Of the following business associates, who would fall into the category of internal stakeholders?

A. Ace Globe Inc., a firm that supplies machinery to Elephas Inc.

B. Matt, a prominent member of the top management of Elephas Inc.

C. Gamma Creators, a competing firm that produces same quality steel rods

D. The Government of the home country of Elephas Inc.

E. Wendy, a major buyer of Elephas steel rods

126.People who work for or own the company such as employees, board of directors, and investors are commonly referred to as:  

A. external stakeholders.

B. internal stakeholders.

C. category captains.

D. boundary spanners.

E. idea champions.

127.Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder?

A. Corporate espionage

B. Ethical dilemma

C. Cultural relativism

D. Moral imagination

E. Moral courage

128.The process of ethical decision-making or ethical algorithm typically begins with:  

A. identifying which stakeholders a decision would affect and in what ways.

B. judging the ethics of the proposed strategic decision.

C. managers establishing a moral intent.

D. auditing a decision to check for its consistency with ethical principles.

E. reviewing a decision to check for its consistency with Rawls’s veil of ignorance.

129.Which of the following statements is true about ethical decision-making?

A. In ethical decision-making, managers need not consider the implications of a proposed strategic decision on external stakeholders.

B. In ethical decision-making, It is illegal to apply the moral principles articulated in any company document other than the code of ethics.

C. Since maximizing long-run profitability is the decision rule that most businesses stress, it should be applied irrespective of whether moral principles are being violated.

D. Companies should place their narrow economic interests before the interests of stakeholders.

E. In ethical decision-making, managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders.

130.Which of the following practices should be avoided by a company to ensure ethical decision-making?

A. Auditing past decisions made in the company

B. Protecting the fundamental rights of stakeholders

C. Taking care of the interests of external stakeholders

D. Placing its economic interests before its moral principles

E. Adopting the moral principles specified in the code of ethics of the company