Question 1

Being responsible to your customers may require your firm to provide more information regarding your product than the law demands.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following would be a unique focus of an integrity-based ethics code?

Accepted Answer

A) Increased penalties for code violators. 
B) Shared accountability among employees. 
C) Improved awareness of the relevant laws. 
D) Increased control over employee actions. 
A) Increased penalties for code violators. 
B) Shared accountability among employees. 
C) Improved awareness of the relevant laws. 
D) Increased control over employee actions. B

Question 3

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Accepted Answer

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Question 4

Many businesses have developed internal procedures to enforce their ethical policies.Which of the following is an example of an outside group urging ethical behaviour in businesses?

Accepted Answer

A) foreign trade representatives 
B) suppliers 
C) management teams 
D) union officials 
A) foreign trade representatives 
B) suppliers 
C) management teams 
D) union officials

Question 5

A charitable donation by a corporation is an example of corporate philanthropy.

Accepted Answer

A) True 
 B)False

Question 6

According to Milton Friedman,businesses can best meet their responsibility to society by:

Accepted Answer

A) shifting the blame for product liability cases onto the legal system. 
B) creating markets for domestic products. 
C) supporting their preferred government officials. 
D) creating wealth for their stockholders. 
A) shifting the blame for product liability cases onto the legal system. 
B) creating markets for domestic products. 
C) supporting their preferred government officials. 
D) creating wealth for their stockholders.

Question 7

refers to the standards of moral behaviour.

Accepted Answer

A) Legality 
B) Integrity 
C) Ethics 
D) Responsibility 
A) Legality 
B) Integrity 
C) Ethics 
D) Responsibility

Question 8

Sustainable development is the process where companies stay in business and keep growing and developing over time.

Accepted Answer

A) True 
 B)False

Question 9

Trust between workers and managers must be based on a foundation of fairness,honesty,openness,and moral integrity.

Accepted Answer

A) True 
 B)False

Question 10

Out-Tel,a computer chip manufacturer,knowingly sold defective chips and failed to notify customers of the potential problems.When the problem became public knowledge,the firm's stock price fell dramatically.This illustrates the value that investors place on the ethical behaviour of businesses.

Accepted Answer

A) True 
 B)False

Question 11

Corporate social responsibility describes the firm's:

Accepted Answer

A) concern for the welfare of society. 
B) ability to plan for the unexpected. 
C) responsibility to their stockholders. 
D) commitment to a management training program. 
A) concern for the welfare of society. 
B) ability to plan for the unexpected. 
C) responsibility to their stockholders. 
D) commitment to a management training program.

Question 12

Management can create an environment in which unethical behaviour can develop.

Accepted Answer

A) True 
 B)False

Question 13

If a business fails in meeting its responsibilities to its employees,all of the following are likely to occur  except :

Accepted Answer

A) disgruntled workers manipulating budgets and expenses. 
B) a loss of employee commitment and trust in the company and its management. 
C) reduced employee turnover. 
D) employee retaliation by doing the minimum needed to get by. 
A) disgruntled workers manipulating budgets and expenses. 
B) a loss of employee commitment and trust in the company and its management. 
C) reduced employee turnover. 
D) employee retaliation by doing the minimum needed to get by.

Question 14

Top management at Lancer Distributing is convinced that they have a social responsibility to their community.They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations.This is an example of corporate:

Accepted Answer

A) short run profit maximization. 
B) guilt payments. 
C) structure and strategy. 
D) philanthropy. 
A) short run profit maximization. 
B) guilt payments. 
C) structure and strategy. 
D) philanthropy.

Question 15

One factor causing businesses to vigorously enforce ethical standards is the:

Accepted Answer

A) desire to eliminate employee turnover. 
B) evasion of social audit measurements. 
C) fear of negative publicity. 
D) focus on criminal penalties. 
A) desire to eliminate employee turnover. 
B) evasion of social audit measurements. 
C) fear of negative publicity. 
D) focus on criminal penalties.

Question 16

Considering the potential impact on others prior to making a decision is consistent with ________ behaviour.

Accepted Answer

A) legal 
B) self-motivated 
C) ethical 
D) anti-social 
A) legal 
B) self-motivated 
C) ethical 
D) anti-social

Question 17

Corporate standards can lead to unethical behaviour.

Accepted Answer

A) True 
 B)False

Question 18

People who report illegal or unethical behaviour are known as whistleblowers.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following describes charitable donations by corporations to nonprofit organizations?

Accepted Answer

A) Structural commitment 
B) Corporate strategy 
C) Corporate responsibility 
D) Corporate philanthropy 
A) Structural commitment 
B) Corporate strategy 
C) Corporate responsibility 
D) Corporate philanthropy

Question 20

An ethics officer serves both as a counselor and as an investigator.

Accepted Answer

A) True 
 B)False

Being responsible to your customers may require your firm to provide more information regarding your product than the law demands.

Which of the following would be a unique focus of an integrity-based ethics code?

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Many businesses have developed internal procedures to enforce their ethical policies.Which of the following is an example of an outside group urging ethical behaviour in businesses?

A charitable donation by a corporation is an example of corporate philanthropy.

According to Milton Friedman,businesses can best meet their responsibility to society by:

refers to the standards of moral behaviour.

Sustainable development is the process where companies stay in business and keep growing and developing over time.

Trust between workers and managers must be based on a foundation of fairness,honesty,openness,and moral integrity.

Out-Tel,a computer chip manufacturer,knowingly sold defective chips and failed to notify customers of the potential problems.When the problem became public knowledge,the firm's stock price fell dramatically.This illustrates the value that investors place on the ethical behaviour of businesses.

Corporate social responsibility describes the firm's:

Management can create an environment in which unethical behaviour can develop.

If a business fails in meeting its responsibilities to its employees,all of the following are likely to occur except :

Top management at Lancer Distributing is convinced that they have a social responsibility to their community.They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations.This is an example of corporate:

One factor causing businesses to vigorously enforce ethical standards is the:

Considering the potential impact on others prior to making a decision is consistent with ________ behaviour.

Corporate standards can lead to unethical behaviour.

People who report illegal or unethical behaviour are known as whistleblowers.

Which of the following describes charitable donations by corporations to nonprofit organizations?

An ethics officer serves both as a counselor and as an investigator.

The Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters

Exam 5: Ethics and Social Responsibility

Being responsible to your customers may require your firm to provide more information regarding your product than the law demands.

Which of the following would be a unique focus of an integrity-based ethics code?

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Many businesses have developed internal procedures to enforce their ethical policies.Which of the following is an example of an outside group urging ethical behaviour in businesses?

A charitable donation by a corporation is an example of corporate philanthropy.

According to Milton Friedman,businesses can best meet their responsibility to society by:

refers to the standards of moral behaviour.

Sustainable development is the process where companies stay in business and keep growing and developing over time.

Trust between workers and managers must be based on a foundation of fairness,honesty,openness,and moral integrity.

Out-Tel,a computer chip manufacturer,knowingly sold defective chips and failed to notify customers of the potential problems.When the problem became public knowledge,the firm's stock price fell dramatically.This illustrates the value that investors place on the ethical behaviour of businesses.

Corporate social responsibility describes the firm's:

Management can create an environment in which unethical behaviour can develop.

If a business fails in meeting its responsibilities to its employees,all of the following are likely to occur except :

Top management at Lancer Distributing is convinced that they have a social responsibility to their community.They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations.This is an example of corporate:

One factor causing businesses to vigorously enforce ethical standards is the:

Considering the potential impact on others prior to making a decision is consistent with ________ behaviour.

Corporate standards can lead to unethical behaviour.

People who report illegal or unethical behaviour are known as whistleblowers.

Which of the following describes charitable donations by corporations to nonprofit organizations?

An ethics officer serves both as a counselor and as an investigator.

The Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters