Question 1

Corporate_______ is the concern businesses have for the welfare of society.

Accepted Answer

A)  policy
B)  responsibility
C)  philanthropy
D)  social responsibilityE) A) and C)
F) A) and B)

Question 2

In the discussion of corporate social responsibility,stakeholders and stockholders refer to the same group.

Accepted Answer

A) True 
 B)False

Question 3

Ethics are the standards of moral behaviour.

Accepted Answer

A) True 
 B)False

Question 4

Managers and others must be trained to consider the ethical implications of all business decisions.

Accepted Answer

Managers and others ...

Question 5

Insider trading provides the information needed for the securities market to operate fairly and efficiently.

Accepted Answer

A) True 
 B)False

Question 6

One strategy guaranteed to displease your customers is to:

Accepted Answer

A)  focus on cost and quality control systems within your organization.
B)  shift the production of goods to foreign facilities and layoff Canadian workers.
C)  delight them with a quality product at a fair price.
D)  practice deception regarding product safety issues.E) None of the above
F) B) and D)

Question 7

Legal behaviour includes more aspects of our relationships with others than does ethical behaviour.

Accepted Answer

A) True 
 B)False

Question 8

An ethical manager's decisions are based on the following questions: "Is it legal?" and "Is it profitable?"

Accepted Answer

A) True 
 B)False

Question 9

Three questions often help individuals and organizations in deciding if their decisions are ethical.All of the following are ethics check questions  except :

Accepted Answer

A)  How will it make me feel about myself?
B)  Has it been done before?
C)  Is it legal?
D)  Is it balanced?E) A) and D)
F) A) and C)

Question 10

Corporate_______ encompasses various issues such as setting minority hiring practices,manufacturing safe products,and minimizing pollution.

Accepted Answer

A)  diversity
B)  responsibility
C)  philanthropy
D)  structure and strategyE) A) and D)
F) C) and D)

Question 11

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself?"

Accepted Answer

A) True 
 B)False

Question 12

Environmental quality is considered to be a public good.This means that:

Accepted Answer

A)  society places a higher value on private goods and services.
B)  everyone enjoys a cleaner environment regardless of who pays for it.
C)  ultimately it is the public that pays for environmental clean-up.
D)  businesses have a responsibility to minimize their environmental pollution.E) A) and D)
F) None of the above

Question 13

Which step is the most critical to help improve business ethics?

Accepted Answer

A)  The ethics code must be enforced.
B)  Top management must adopt and support a corporate code of conduct.
C)  An ethics office must be set up.
D)  Outsiders must be told about the ethics program.E) A) and B)
F) All of the above

Question 14

A business that takes a public position on a political issue is exercising corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 15

The position a firm takes on issues that affect the corporation as well as society is known as its:

Accepted Answer

A)  corporate policy.
B)  target posturing.
C)  political philanthropy.
D)  structural positioning.E) A) and B)
F) All of the above

Question 16

Suppliers,subcontractors,distributors,and customers must be told about the ethics program Often pressure to put aside ethical considerations comes from outsiders,and it helps employees resist such pressure when everyone knows what the ethical standards are.

Accepted Answer

Suppliers,subcontractors,distributors,an...

Question 17

In an effort to help employees resist the pressure to make an unethical decision,the Johnston Petroleum Company has communicated their code of ethics statement to their suppliers,subcontractors,distributors,and customers.This approach is consistent with a(n) :

Accepted Answer

A)  compliance-based ethics code.
B)  response to a government mandate.
C)  personal responsibility commitment.
D)  integrity-based ethics code.E) None of the above
F) All of the above

Question 18

Those who argue in favor of corporate social responsibility suggest that:

Accepted Answer

A)  you need to justify socially responsible behavior from an investor's standpoint only.
B)  companies who are perceived as being socially responsible will attract and retain better employees and draw more customers.
C)  business exists only to make money for shareholders.
D)  being socially responsible is all about being ethical.E) A) and B)
F) None of the above

Question 19

Sustainable development means:

Accepted Answer

A)  implementing environmental,economic and social considerations into decision making.
B)  selling your product in the developing world.
C)  using processes to sustain a business through good times and bad.
D)  implementing a social audit.E) B) and C)
F) A) and B)

Question 20

Ethical behaviour requires individuals to decide for themselves what is right and wrong in each situation they face.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Social Responsibility

Corporate_______ is the concern businesses have for the welfare of society.

Correct AnswerverifiedShow Answer

Suppliers,subcontractors,distributors,and customers must be told about the ethics program Often pressure to put aside ethical considerations comes from outsiders,and it helps employees resist such pressure when everyone knows what the ethical standards are.

Correct AnswerverifiedSuppliers,subcontractors,distributors,an...View AnswerShow Answer

One strategy guaranteed to displease your customers is to:

Correct AnswerverifiedShow Answer

Sustainable development means:

Correct AnswerverifiedShow Answer

Ethics are the standards of moral behaviour.

Correct AnswerverifiedShow Answer

Three questions often help individuals and organizations in deciding if their decisions are ethical.All of the following are ethics check questions except :

Correct AnswerverifiedShow Answer

Ethical behaviour requires individuals to decide for themselves what is right and wrong in each situation they face.

Correct AnswerverifiedShow Answer

Corporate_______ encompasses various issues such as setting minority hiring practices,manufacturing safe products,and minimizing pollution.

Correct AnswerverifiedShow Answer

A business that takes a public position on a political issue is exercising corporate social responsibility.

Correct AnswerverifiedShow Answer

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself?"

Correct AnswerverifiedShow Answer

Legal behaviour includes more aspects of our relationships with others than does ethical behaviour.

Correct AnswerverifiedShow Answer

In the discussion of corporate social responsibility,stakeholders and stockholders refer to the same group.

Correct AnswerverifiedShow Answer

Environmental quality is considered to be a public good.This means that:

Correct AnswerverifiedShow Answer

Those who argue in favor of corporate social responsibility suggest that:

Correct AnswerverifiedShow Answer

Insider trading provides the information needed for the securities market to operate fairly and efficiently.

Correct AnswerverifiedShow Answer

Which step is the most critical to help improve business ethics?

Correct AnswerverifiedShow Answer

In an effort to help employees resist the pressure to make an unethical decision,the Johnston Petroleum Company has communicated their code of ethics statement to their suppliers,subcontractors,distributors,and customers.This approach is consistent with a(n) :

Correct AnswerverifiedShow Answer

Managers and others must be trained to consider the ethical implications of all business decisions.

Correct AnswerverifiedManagers and others ...View AnswerShow Answer

The position a firm takes on issues that affect the corporation as well as society is known as its:

Correct AnswerverifiedShow Answer

An ethical manager's decisions are based on the following questions: "Is it legal?" and "Is it profitable?"

Correct AnswerverifiedShow Answer

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Suppliers,subcontractors,distributors,an...
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Managers and others ...
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