Chapter 3

Question 1

Moral Minimum

Answer 1

The minimum degree of ethical behavior expected of a business firm.

Question 2

The role of business in society

Answer 2

• Triple bottom line
• Four-part analysis

Question 3

Triple bottom line

Answer 3

The idea that investors should consider not only corporate profits, but also the corporation’s impact on people, planet, profit

Question 4

Four-part analysis

Answer 4

1. The legal implications of each decision
2. The public relations impact
3. The safety risks for consumers and employees
4. The financial implications

Question 5

Importance of ethical leadership

Answer 5

• Altitude of Top Management
• Unrealistic Goals for Employees
• Fostering of Unethical Conduct

Question 6

Altitude of Top Management

Answer 6

Management to demonstrate its commitment to ethical business decision making.

Question 7

Fostering of Unethical Conduct

Answer 7

Business owners take active roles in fostering unethical conduct.

Question 8

Utilitarianism

Answer 8

Determines that actions are right if the outcome benefits the majority.

Question 9

Corporate social responsibility (CSR)

Answer 9

The concept that corporations can and should act ethically and

be accountable to society for their actions.

Question 10

The National Labor Relations Board (NLRB)

Answer 10

Allows employees to criticize coworkers, supervisors, etc.
via social media.