Question 1

With a choice of two products of similar price and quality, 80% of surveyed customers said they are willing to buy the more sustainable option.

Accepted Answer

The statement says that 80% of surveyed customers are willing to buy the more sustainable option, indicating a preference for sustainability even if it means paying the same price for a similar quality product. Therefore, the statement is true.

Question 2

Providing ethical leadership and avoiding questionable practices mean doing more than is required in dealing with market stakeholders, such as treating employees right and paying them fair wages.

Accepted Answer

Providing ethical leadership involves going above and beyond what is legally required to ensure that all market stakeholders, including employees, are treated fairly and justly. This includes paying fair wages, providing safe working conditions, and promoting diversity and inclusion in the workplace.

Question 3

Corporate social responsibility is strictly good public practice, and it is unlikely that any similar regulations will be required through law in the future.

Accepted Answer

While corporate social responsibility may be seen as good public practice, some countries have already implemented laws requiring companies to engage in socially responsible practices. Additionally, there may be future regulations or laws implemented as the importance of sustainable and ethical business practices continues to grow.

Question 4

As long as you bribe officials outside of the United States, the practice is legal and ethical.

Accepted Answer

Bribery is illegal and unethical regardless of the country where it takes place. Many countries, including the United States, prohibit their citizens and corporations from bribing foreign officials. Additionally, bribery undermines trust in institutions, creating unfair advantages and perpetuating corruption.

Question 5

Legal corporate social responsibility focuses on increasing sales and cutting costs to maximize returns to stockholders.

Accepted Answer

The answer of Legal corporate social responsibility focuses on increasing...

Question 6

One of the causes of the 2007 recession may have been unethical practices by financial firms.

Accepted Answer

Many financial firms engaged in unethical practices such as subprime lending, mortgage fraud, and risky investments, which eventually led to the collapse of the housing market and the subsequent recession in 2007.

Question 7

By claiming authority, you also assume responsibility.

Accepted Answer

When you claim authority, you are essentially taking on the responsibility for the decision or outcome that follows.

Question 8

One way to help evaluate whether or not you have made an ethical decision is to gauge how willing you are to tell others what decision you have made.

Accepted Answer

If you are comfortable sharing your decision with others, it may indicate that you believe it is the right thing to do and aligns with your values and beliefs. If you are hesitant or reluctant to share your decision with others, it may be a sign that you are not fully confident in its ethical nature.

Question 9

Obligation is a right to give orders.

Accepted Answer

Obligation refers to a duty or responsibility to fulfill something, not a right to give orders.

Question 10

The business case for CSR is based on the ability of the organization to help or harm various stakeholder groups and the ability of all stakeholder groups to help or harm the company.

Accepted Answer

The business case for CSR (Corporate Social Responsibility) is based on the recognition that the actions and decisions of a company can impact various stakeholder groups, such as employees, customers, suppliers, communities, and the environment. By engaging in responsible business practices, a company can enhance its reputation, attract customers and investors, improve employee morale and productivity, reduce risks and costs, and contribute to sustainable development. On the other hand, if a company neglects its social and environmental obligations, it can face legal, financial, reputational, or operational consequences, as well as lose the support of its stakeholders. Therefore, the business case for CSR rests on the mutual interdependence and mutual benefits of the company and its stakeholders.

Question 11

Poor performance may encourage some to pursue unethical behavior.

Accepted Answer

Poor performance can lead to frustration and desperation, which can in turn motivate individuals to engage in unethical behavior to achieve their goals or improve their performance.

Question 12

Corruption is only present among low-level employees and governments.

Accepted Answer

Corruption can occur at all levels of society, including high-ranking officials and corporations. It is not limited to low-level employees or governments.

Question 13

When people are supervised or in less competitive situations, they are less likely to practice unethical behavior.

Accepted Answer

Studies have shown that people are less likely to engage in unethical behavior when they are being closely supervised or are in less competitive situations. This is because they feel a greater sense of accountability and there are fewer perceived opportunities to gain an unfair advantage. However, it is important to note that not all individuals are equally affected by supervision or competition, and other factors such as personal values and norms also play a role in shaping ethical behavior.

Question 14

Legal corporate social responsibility focuses on profitability and doing what is right, just, and fair.

Accepted Answer

Legal corporate social responsibility focuses on compliance with laws and regulations, whereas ethical corporate social responsibility emphasizes doing what is right, just, and fair beyond legal requirements.

Question 15

Bribery is not a big deal if it benefits stakeholders.

Accepted Answer

Bribery is illegal and unethical, regardless of the potential benefits to stakeholders. It undermines the principles of fairness and equality in business transactions and creates an uneven playing field for competitors. Additionally, the long-term consequences of bribery, such as reputational damage and legal repercussions, far outweigh any short-term gains.

Question 16

Authority is much more important than responsibility.Responsibility is mostly superfluous.

Accepted Answer

This statement is false. Both authority and responsibility are important in any organization or system. Authority allows individuals to make decisions, allocate resources, and direct others. Responsibility ensures that individuals are held accountable for their actions and the outcomes of their decisions. Without responsibility, authority can become unchecked and lead to negative consequences.

Question 17

With a choice of two products of similar price and quality, 20% of surveyed customers said they are willing to buy the more sustainable option.

Accepted Answer

The answer of With a choice of two products of...

Question 18

Ethical corporate social responsibility focuses on maximizing profits while obeying the law.

Accepted Answer

Ethical corporate social responsibility goes beyond just obeying the law and entails considering the impact of business decisions on various stakeholders, such as the environment, employees, consumers, and the community. Maximizing profits may still be a goal, but it should not be the sole focus.

Question 19

Corrupt payments to government officials are designed to allow a company to avoid governmental scrutiny.

Accepted Answer

Corrupt payments are often made as bribes to government officials in order to gain an unfair advantage or avoid scrutiny, which is a form of unethical and illegal behavior.

Question 20

Corporate social responsibility is the concept that organizations have a duty to all societal stakeholders to operate in a manner that takes each of their needs into account.

Accepted Answer

This is the definition of corporate social responsibility - that organizations have a duty to consider the needs of all societal stakeholders in their operations.

Quiz 13: Organizational Ethics, Sustainability, and Social Responsibility