Assignment:
Scenario E: Senior management at Futura Development is attending a corporate retreat, and the first item for discussion is corporate social responsibility (CSR). The group has discussed this before and then shot it down because it generally costs Futura's shareholders in the form of reduced distributions. But the new VP, Gwen, is about to explain why she believes CSR w ill actually benefit the shareholders and Futura management alike. Her team begins the presentation with a discussion of CSR, both its current definition and reconciliation of past views. Sergei then discusses the importance of being a good global corporate citizen by supporting the local school system. Madison takes the floor to make the ease for doing what is expected by global stakeholders even though there are no laws requiring those actions. Finally Gwen wraps the discussion up by defining why Future should take legal responsibility for the film's performance.
1. Gwen's presentation most likely centered on taking which of the following actions?
A) Engaging in additional behaviors and activities that society finds desirable and that the values of the business support.
B) Doing the right thing regardless of what the law says.
C) Production of goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors.
D) Supporting Sergei's proposal.
E) Obeying all laws that affect Future's operations.
2. Which of the following plays a role in the moral awareness involved in identifying an act as unethical, the moral judgment to fully consider the repercussions, and the moral character to take the ethical action?
A) Knowledge
B) Intelligence
C) Compliance
D) Courage
E) Legitimacy
3. Which of the following is a danger sign that organizations may be allowing or even encouraging unethical behavior?
A) Failure to establish a written code of ethics
B) Excessive emphasis over long-term consideration over short-term revenues
C) Multiple levels of supervision and monitoring
D) An informal corporate structure
E) Flexible timings that allow- employees to choose their hours of work
4. Which of the following is a question associated with the "sunshine" ethical framework?
A) How would you feel if your actions were reported on the front page of a newspaper?
B) How would your mother feel if she knew you had committed those actions?
C) How would you feel if you w ere on the receiving end of those actions?
D) How would a lawyer evaluate the actions you are considering taking?
E) How would a morel philosopher evaluate the actions you are considering taking?
5. What does the Sarbanes-Oxley Act, passed in 2002. require of companies?
A) To choose more independent boards of directors
B) To have someone other than managers sign off on financial results
C) To keep two sets of books, one public and one private
D) To use a looser set of accounting rules
E) To pay executives large annual bonuses