When Bernie Ebbers,WorldCom's CEO,was Convicted of Financial Crimes,WorldCom Was Forced

question 76

Multiple Choice

When Bernie Ebbers,WorldCom's CEO,was convicted of financial crimes,WorldCom was forced to merge with MCI.One of the ramifications of this merger was the loss of WorldCom's sponsorship of the Sea Pines Heritage PGA golf tournament.The tournament funds the Heritage Foundation,a major community charity.This example illustrates:

• A) the need to identify issues.
• B) that the impact of unethical actions can reach far beyond the corporation.
• C) that unethical firms cannot be socially responsible.
• D) the lack of information needed to make ethical decisions.
• E) all of these.

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Definitions:

CSR

Corporate Social Responsibility involves companies taking responsibility for their impact on social, environmental, and economic issues.

Social Issues

are problems that affect a large number of people within a society, often relating to matters of equality, justice, or the wellbeing of the community.

Business Issues

Challenges and obstacles that affect the operation, growth, and survival of businesses.

Social Consequence

The impact of an action or decision on society, including effects on norms, behaviors, and the well-being of community members.