Question 1

The study of morality and standards of conduct is referred to as ethics.

Accepted Answer

Ethics is the study of morality and standards of conduct.

Question 2

Despite a heightened sensitivity in recent years, sexual harassment remains a minor social issue in Japan.

Accepted Answer

Sexual harassment also remains a major social issue in Japan.

Question 3

A company that emphasizes "doing good" socially and environmentally will not do well economically.

Accepted Answer

Companies have in different ways transformed their corporate strategy to emphasize "doing good" socially and environmentally while "doing well" economically.

Question 4

The Foreign Corrupt Practices Act makes it illegal for U.S.companies and their managers to attempt to influence foreign officials through personal payments or political contributions.

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) makes it illegal for U.S. companies and their managers to attempt to influence foreign officials through personal payments or political contributions.

Question 5

Foxconn retrofitted the Empire State Building with LED lighting, cutting down on energy consumption by 73 percent.

Accepted Answer

Philips retrofitted the Empire State Building with LED lighting, cutting down on energy consumption by 73 percent.

Question 6

MNCs are increasingly engaged in a range of responses to growing pressures to contribute positively to the social and environmental progress of the communities in which they do business.

Accepted Answer

MNCs are increasingly engaged in a range of responses to growing pressures to contribute positively to the social and environmental progress of the communities in which they do business.

Question 7

NGOs have urged MNCs to be more responsive to the range of social needs in developing countries.

Accepted Answer

NGOs have urged MNCs to be more responsive to the range of social needs in developing countries, including concerns about working conditions in factories or service centers and the environmental impacts of their activities.

Question 8

One way Tesla inspires sustainability across the entire automobile industry is by producing batteries and chargers for several other car manufacturers.

Accepted Answer

Inspiring sustainability across the entire automobile industry is a secondary goal for the company. To achieve that goal, Tesla has collaborated with several other car manufacturers to produce greener automobiles. In its partnerships with Smart and Toyota, Tesla is producing batteries and chargers.

Question 9

One area not addressed by social sustainability is employee welfare.

Accepted Answer

Social sustainability, with an emphasis on employee welfare, has become a key tenant of Patagonia's strategy.

Question 10

One thing that has inhibited the progress of women in German management is that German law does not guarantee equal treatment and equal professional opportunities for men and women.

Accepted Answer

France and Germany have equal opportunity initiatives guaranteed by law.

Question 11

Corporate governance may be defined as the system by which business corporations are directed and controlled.

Accepted Answer

Corporate governance can be defined as the system by which business corporations are directed and controlled.

Question 12

Trust in business is currently at one of the highest levels in history in the United States and Europe.

Accepted Answer

As a result of recent ethics scandals and concerns about the lack of corporate responsibility, trust in business and government declined sharply in 2012, but began to recover a bit in 2013.

Question 13

MNCs have a very low chance of exporting "best practices" in corporate responsibilities to local firms in developing nations.

Accepted Answer

Many NGOs recognize that MNCs can have positive impacts on the countries in which they do business, often adhering to higher standards of social and environmental responsibility than local firms. In fact, MNCs may be in a position to transfer "best practices" in social or environmental actions from their home to host countries' markets.

Question 14

Though the force of NGOs has been felt in a range of major public policy debates, NGO activism has been least responsible for major changes in corporate behavior and governance.

Accepted Answer

The force of NGOs has been felt in a range of major public policy debates, and NGO activism has been responsible for major changes in corporate behavior and governance.

Question 15

Corporate social responsibility includes organizational actions that go beyond the requirements of the law and the direct interests of the firm.

Accepted Answer

Corporate social responsibility (CSR) can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm.

Question 16

Kantian philosophical traditions focus on core, individual behaviors and actions and how they express and form individual character.

Accepted Answer

Kantian philosophical traditions argue that individuals (and organizations) have responsibilities based on a core set of moral principles that go beyond those of narrow self-interest.

Question 17

Utilitarianism favors the greatest good for the greatest number of people under a given set of constraints.

Accepted Answer

Utilitarianism favors the greatest good for the greatest number of people under a given set of constraints.

Question 18

Sustainability may be defined as the development that meets humanity's needs at the cost of the future generations.

Accepted Answer

Sustainability is development that meets current needs without harming the future.

Question 19

"One Percent for the Planet" is an international non-profit philanthropy for environmental organizations begun by the founder of Patagonia.

Accepted Answer

In 1999, Patagonia became one of the founding members of the Fair Labor Association. Since 1985, Patagonia has donated one percent of its sales to environmental nonprofits. In 2002, Patagonia expanded on their vision for corporate sustainability by cofounding "One Percent for the Planet," an international nonprofit dedicated philanthropy for environmental organizations.

Question 20

As pressure for accountability and responsiveness continues to increase, corporate governance will undoubtedly remain high on the agenda of governments, investors, NGOs and corporations in the coming years.

Accepted Answer

Corporate governance will undoubtedly remain high on the agenda of governments, investors, NGOs, and corporations in the coming years, as pressure for accountability and responsiveness continues to increase.

Quiz 3: Ethics, Social Responsibility, and Sustainability

The study of morality and standards of conduct is referred to as ethics.

Despite a heightened sensitivity in recent years, sexual harassment remains a minor social issue in Japan.

A company that emphasizes "doing good" socially and environmentally will not do well economically.

The Foreign Corrupt Practices Act makes it illegal for U.S.companies and their managers to attempt to influence foreign officials through personal payments or political contributions.

Foxconn retrofitted the Empire State Building with LED lighting, cutting down on energy consumption by 73 percent.

MNCs are increasingly engaged in a range of responses to growing pressures to contribute positively to the social and environmental progress of the communities in which they do business.

NGOs have urged MNCs to be more responsive to the range of social needs in developing countries.

One way Tesla inspires sustainability across the entire automobile industry is by producing batteries and chargers for several other car manufacturers.

One area not addressed by social sustainability is employee welfare.

One thing that has inhibited the progress of women in German management is that German law does not guarantee equal treatment and equal professional opportunities for men and women.

Corporate governance may be defined as the system by which business corporations are directed and controlled.

Trust in business is currently at one of the highest levels in history in the United States and Europe.

MNCs have a very low chance of exporting "best practices" in corporate responsibilities to local firms in developing nations.

Though the force of NGOs has been felt in a range of major public policy debates, NGO activism has been least responsible for major changes in corporate behavior and governance.

Corporate social responsibility includes organizational actions that go beyond the requirements of the law and the direct interests of the firm.

Kantian philosophical traditions focus on core, individual behaviors and actions and how they express and form individual character.

Utilitarianism favors the greatest good for the greatest number of people under a given set of constraints.

Sustainability may be defined as the development that meets humanity's needs at the cost of the future generations.

"One Percent for the Planet" is an international non-profit philanthropy for environmental organizations begun by the founder of Patagonia.

As pressure for accountability and responsiveness continues to increase, corporate governance will undoubtedly remain high on the agenda of governments, investors, NGOs and corporations in the coming years.