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Question
Discuss the key components of Adam Smith's conception of capitalism, including his justification of the ethics of capitalism.Answer
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Related questions
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The Nobel Prize-winning economist Milton Friedman famously articulated the viewpoint that the social responsibility for business is to:
a) maximize profits within the law
b) engage in activities that broadly support the organization's mission
c) aspire to be model citizens
d) pursue profit at any cost
e) none of the above
Q:
Discuss the key features organizations should include when questioning their suppliers about their labor and health and safety practices.
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The Global Reporting Initiative (GRI) offers a standardized framework for community impact reporting, in addition to environmental performance.
Q:
Community involvement provides an opportunity for team building, leadership training, and teaching project management, all of which directly impact a company's daily operations.
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Employers can give back to the community quite directly by providing jobs to people in need, including groups most in need, such as ex-convicts.
Q:
According to Friedman's conceptualization of corporate responsibility, sneaker manufacturers fulfill their social responsibilities by efficiently and effectively meeting consumers' sneaker needs without violating any laws.
Q:
One approach to community giving, most likely to situate a company as a community leader and enhance employee satisfaction, is ______________, or setting aside some community giving resources for partnerships aligned with the company's mission.
a) reactive giving
b) outsource giving
c) strategic philanthropy
d) corporate citizenship
e) none of the above.
Q:
The market for __________________, or funds which screen companies for financial and social performance, is huge and growing.
a) socially responsible investment (SRI)
b) LEED certification
c) The Natural Step
d) corporate compliance (CC)
e) none of the above
Q:
Aristotle professes that the path to individual and community happiness requires development of all but which of the following factors:
a) health
b) wealth
c) intellectual virtue
d) moral virtue
e) none of the above
Q:
The concept of ______________ refers to achieving the appropriate balance between time spent working and one's personal life.
a) philanthropy
b) work-life balance
c) telecommuting
d) flex time
e) none of the above
Q:
Invoking the three "C's" of engagement is helpful when corporations form long-term volunteer partnerships, including all but which of the following:
a) compatibility
b) commitment
c) communication
d) cash donations
e) none of the above
Q:
_________ is the donation of time to assist a nonprofit organization or people in need.
a) Giving
b) Philanthropy
c) Volunteerism
d) Citizenship
e) none of the above
Q:
Managers can pursue different strategies for stakeholder management, including ________, or waiting until problems arise, _________, or anticipating problems and implementing plans before the problems arise, or __________, engaging with key stakeholders and jointly determining action.
a) reactive, proactive, interactive
b) proactive, interactive, reactive
c) primary, secondary, tertiary
d) all of the above
e) none of the above
Q:
_______________ refers to the immediacy of the issues being raised.
a) Power
b) Legitimacy
c) Urgency
d) Primary
e) none of the above
Q:
Subordinates are more likely to be influenced by written and oral directions provided directly from their supervisor, rather than by witnessing a manager's decisions and behaviors.
Q:
Violations are harm-generating behaviors that require forgiveness, which can be applied through a four-phase model for managers including 1) uncovering phase, 2) decision phase, 3) ____________, 4) outcome phase.
a) termination phase
b) violation phase
c) forgiveness phase
d) work phase
e) none of the above
Q:
A(n) ____________ goal can be vulnerable to encouraging employee temptation toward dishonesty and to behave unethically if that is the only way they can achieve the goal by the specified deadline.a) incrementalb) stretchc) foundationd) reache) none of the above
Q:
Research indicates which of the following types of management systems is associated with higher levels of employee productivity, loyalty, and motivation, all of which contributed to higher profits?
a) Theory X
b) participative
c) authoritarian
d) hierarchical
e) none of the above
Q:
Proponents of "Theory Y" of management subscribe to the belief that employees are inherently:
a) lazy
b) bored
c) self-directed
d) tired
e) none of the above
Q:
A(n) ______________ leadership style refers to demanding blind submission to someone in authority.
a) authoritarian
b) horizontal
c) referent
d) all of the above
e) none of the above
Q:
Power that is formally assigned to an individual, such as through a title or position, is called __________ power.
a) legitimate
b) reward
c) coercive
d) referent
e) expert
Q:
Social psychologists French and Raven have differentiated among five types of power bases individuals can have based on which aspect?a) status in the organizationb) level of seniorityc) relationship to others in the organizationd) all of the abovee) none of the above
Q:
_____________ refers to the ability to act, create an effect, or wield force.
a) Leadership
b) Power
c) Strength
d) Morality
e) none of the above
Q:
The type of ethical role model a manager chooses to be will reflect his/her level of:
a) skill
b) leadership
c) moral development
d) authority
e) none of the above
Q:
Managers can and should serve as _______________ within the organization.
a) ethical role models
b) authoritarian leaders
c) ombudspersons
d) all of the above
e) none of the above
Q:
Several resources including nonprofit advocacy and lobbying organizations exist to provide support to potential or actual whistleblowers.
Q:
Legal advisors recommend that it is irrelevant whether or not the whistleblower has convincing, documented evidence before moving forward with informing an external authority.
Q:
A method for preserving employee anonymity in the internal reporting system is to use an identification number for the case and filter communications through a resource such as EthicsPoint or other telephone services.
Q:
Assist lines or "ethics hotlines" can help address issues of confidentiality and false accusations in reporting wrongdoing.
Q:
Which of the following principles is not consistent with the legal obligations of an organization's ombudsperson?
a) independence
b) neutrality and impartiality
c) prosecution of wrongdoing
d) confidentiality
e) informality