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Strategic Management: Concepts and Cases, 13e (David) Chapter 10 Business Ethics/Social Responsibility/Environmental Sustainability 1) Many people consider it unethical for a firm to be socially irresponsible. Answer: TRUE Diff: 1 Page Ref: 310 AACSB: Ethical Reasoning Objective: 10.01 Explain why good ethics is good business in strategic management. 2) Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things. Answer: FALSE Diff: 2 Page Ref: 310 Objective: 10.01 Explain why good ethics is good business in strategic management. 3) Sustainability refers to the extent that an organization's operations and actions protect, mend, and preserve rather than harm or destroy the natural environment. Answer: TRUE Diff: 1 Page Ref: 310 Objective: 10.05 Discuss specific ways that firms can be good stewards of the natural environment. 4) Adhering to the highest ethical standards has caused the Walt Disney company to struggle during the recent weak economy. Answer: FALSE Diff: 2 Page Ref: 310 AACSB: Ethical Reasoning Objective: 10.01 Explain why good ethics is good business in strategic management. 5) Walt Disney will emit zero greenhouse gas emissions at its office and retail complexes, theme parks, and cruise lines by 2012. Answer: FALSE Diff: 2 Page Ref: 311 Objective: 10.05 Discuss specific ways that firms can be good stewards of the natural environment. 6) Bad ethics can derail all but the best strategic plans. Answer: FALSE Diff: 3 Page Ref: 312 AACSB: Ethical Reasoning Objective: 10.01 Explain why good ethics is good business in strategic management. 1 Copyright 2011 Pearson Education, Inc. 7) Business ethics can be defined as principles of conduct within organizations that guide decision making and behavior. Answer: TRUE Diff: 1 Page Ref: 312 AACSB: Ethical Reasoning Objective: 10.01 Explain why good ethics is good business in strategic management. 8) A rising tide of consciousness about the importance of business ethics is sweeping the United States and the rest of the world. Answer: TRUE Diff: 1 Page Ref: 312 AACSB: Ethical Reasoning Objective: 10.01 Explain why good ethics is good business in strategic management. 9) CEOs and business owners delegate the responsibility for ensuring that high ethical principles are espoused and practiced in an organization. Answer: FALSE Diff: 2 Page Ref: 312 AACSB: Ethical Reasoning Objective: 10.02 Explain how firms can best ensure that their code of business ethics guides decision making instead of being ignored. 10) Some of the largest payouts for class-action legal fraud suits ever were against Enron ($7.16 billion) and WorldCom ($6.16 billion).... View Full Document

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