Question 1

Which of the following questions would a company dedicated to increasing its level of corporate social responsibility be least likely to ask?

Accepted Answer

A) "How can we afford to pay our employees more?" 
B) "Should we offer more sales in order to better serve our customers?" 
C) "Can we purchase better quality ingredients while still making a profit?" 
D) "Which charitable donations will make our investors most happy?" 
E) "If our profits go up,can we lay off some of our employees?" 
A) "How can we afford to pay our employees more?" 
B) "Should we offer more sales in order to better serve our customers?" 
C) "Can we purchase better quality ingredients while still making a profit?" 
D) "Which charitable donations will make our investors most happy?" 
E) "If our profits go up,can we lay off some of our employees?"

Question 2

A plumbing supply firm can win a contract with a home-building business by promising to get 500 faucet assemblies of a certain make by Tuesday morning.Actually,the customer representative finalizing the deal knows that their supplier normally takes an extra day to get them to the firm.But lately,due to the housing slowdown,shipments have been arriving a day earlier. The customer representative therefore promises Tuesday delivery to the home-building business,reasoning that if the faucets do come a day later,as they often do,he can come up with a plausible excuse.
Which of the following,if true,would justify the customer representative's ethical position?

Accepted Answer

A) The home-building firm sometimes picks up shipments of supplies several days after they arrive. 
B) The customer rep knows that if the faucets do come in early,the home-building firm will choose to do business with them more often. 
C) The home-building firm has a brief written code of ethics that has no statement that applies specifically to this situation. 
D) When phoned for advice,the plumbing supply firm's CEO told the customer rep that it was OK to "fib a little" to get a contract like this. 
E) The faucet shipment comes with a tracking number and goes to a distribution center within driving distance,so that,if necessary,the plumbing firm can expedite its arrival. 
A) The home-building firm sometimes picks up shipments of supplies several days after they arrive. 
B) The customer rep knows that if the faucets do come in early,the home-building firm will choose to do business with them more often. 
C) The home-building firm has a brief written code of ethics that has no statement that applies specifically to this situation. 
D) When phoned for advice,the plumbing supply firm's CEO told the customer rep that it was OK to "fib a little" to get a contract like this. 
E) The faucet shipment comes with a tracking number and goes to a distribution center within driving distance,so that,if necessary,the plumbing firm can expedite its arrival.

Question 3

Sustainable development means pursuing activities that meet current needs,but which will not put future generations at a disadvantage when they attempt to meet their needs.

Accepted Answer

A) True 
 B)False

Question 4

McDonald's established Ronald McDonald House to provide lodging for families of children who are hospitalized away from home.This approach to social responsibility would best be classified as a(n)

Accepted Answer

A) defensive stance. 
B) obstructionist stance. 
C) accommodative stance. 
D) charitable stance. 
E) proactive stance. 
A) defensive stance. 
B) obstructionist stance. 
C) accommodative stance. 
D) charitable stance. 
E) proactive stance.

Question 5

Sam has noticed that the safety mechanism on the piece of equipment that he operates is not working.After repeatedly telling management about the defect but getting no response,he decides to report it to the provincial agency responsible for workplace safety.This is an example of

Accepted Answer

A) collusion. 
B) insider trading. 
C) stealth advertising. 
D) violating the line of reporting. 
E) whistle-blowing. 
A) collusion. 
B) insider trading. 
C) stealth advertising. 
D) violating the line of reporting. 
E) whistle-blowing.

Question 6

There is general agreement that workers shouldn't damage the reputation of the company they work for,and there is consensus about what constitutes going "too far" when posting criticisms of the company on social media.

Accepted Answer

A) True 
 B)False

Question 7

Ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good.

Accepted Answer

A) True 
 B)False

Question 8

Which statement would people in favour of socially responsible business most likely advocate?

Accepted Answer

A) Maximizing profits is the core goal of the corporation. 
B) The corporation is part of the civic world. 
C) Other agencies have the skill to develop social programs. 
D) Vast corporate resources are being overused. 
E) Civic responsibility needs to be centralized. 
A) Maximizing profits is the core goal of the corporation. 
B) The corporation is part of the civic world. 
C) Other agencies have the skill to develop social programs. 
D) Vast corporate resources are being overused. 
E) Civic responsibility needs to be centralized.

Question 9

Explain the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities.

Accepted Answer

Three-step model involves the following

Question 10

Jerry wants to use the ethical norm of utility when making decisions.To do this,he should ask "Is this decision fair to everyone?"

Accepted Answer

A) True 
 B)False

Question 11

Ethics are both individually and culturally defined.

Accepted Answer

A) True 
 B)False

Question 12

The movement designed to help workers in developing countries receive fair payments for their work is referred to as which of the following?

Accepted Answer

A) Ethical sourcing 
B) Crowd funding 
C) Reciprocal trade 
D) Fair-trade 
E) Equitable development 
A) Ethical sourcing 
B) Crowd funding 
C) Reciprocal trade 
D) Fair-trade 
E) Equitable development

Question 13

Are ethics influenced by a business firm's policies? Are business firms influenced by a person's ethical values? Explain.

Accepted Answer

- Yes,ethics are influenced by a busines

Question 14

What is ethical or unethical behaviours by a business's manager or employee referred to as?

Accepted Answer

A) Corporate culture 
B) Corporate integrity 
C) Corporate values 
D) Business standards 
E) Business ethics 
A) Corporate culture 
B) Corporate integrity 
C) Corporate values 
D) Business standards 
E) Business ethics

Question 15

Which of the following is the stance of a firm that meets their legal and ethical requirements and will go further in certain cases if they are asked?

Accepted Answer

A) Defensive stance 
B) Obstructionist stance 
C) Accommodative stance 
D) Proactive stance 
E) Minimalist stance 
A) Defensive stance 
B) Obstructionist stance 
C) Accommodative stance 
D) Proactive stance 
E) Minimalist stance

Question 16

The president of a company has paid himself a large salary,a handsome bonus,received a large number of lucrative stock options,and hired his family members at high salaries.The president is probably guilty of

Accepted Answer

A) collusion. 
B) improper financial management. 
C) cheque kiting. 
D) misrepresentation of finances. 
E) insider trading. 
A) collusion. 
B) improper financial management. 
C) cheque kiting. 
D) misrepresentation of finances. 
E) insider trading.

Question 17

Carl and Kelly have opened a gymnastics center.If they want to behave in a socially responsible fashion,which action should they definitely avoid?

Accepted Answer

A) Purchasing substandard gym equipment 
B) Advertising methods that are intended to increase profit 
C) Initiatives that decrease the satisfaction of investors 
D) Doubling enrollment fees for the program 
E) Providing attractive salaries for employees 
A) Purchasing substandard gym equipment 
B) Advertising methods that are intended to increase profit 
C) Initiatives that decrease the satisfaction of investors 
D) Doubling enrollment fees for the program 
E) Providing attractive salaries for employees

Question 18

What is triple bottom line reporting?

Accepted Answer

Triple bottom line reporting m

Question 19

A firm is considering opening a new plant in an existing building at a business park.It is located in the middle of a coal-producing region,which remains visibly contaminated by the effects of strip mining.The plant's heating system is based on coal heat,which is locally produced and relatively cheap,reducing the plant's operating expenses significantly. Company engineers note that the plant's roof is ideal for solar panels,which would reduce the firm's future dependence on coal,nuclear,and other conventional sources of energy.However,the cost of installing the panels is considerable and would mean that the new plant would not return a profit to the company for several years.The CEO feels that the panels should be installed.
Which of the following,if true,strengthens the ethical standing of the CEO's position?

Accepted Answer

A) Due to new federal "cap and trade" controls,the cost of coal is likely to increase sharply in the next decade,along with that of electricity generated by burning coal. 
B) The commitment to "green" and sustainable energy use would lower the company's emissions locally as well as support the development of an alternative power industry. 
C) Regulations require mining firms in the region to restore natural landscaping after operations are completed,including sections stripped before the new standards were adopted. 
D) Projections made by the firm's long-range planning team indicate that the market will support full use of the new location for at least twenty years,enough time to see savings accrue from the solar panels. 
E) The most economical source for purchasing the solar panel equipment is owned by the same corporation responsible for strip mining in the new location. 
A) Due to new federal "cap and trade" controls,the cost of coal is likely to increase sharply in the next decade,along with that of electricity generated by burning coal. 
B) The commitment to "green" and sustainable energy use would lower the company's emissions locally as well as support the development of an alternative power industry. 
C) Regulations require mining firms in the region to restore natural landscaping after operations are completed,including sections stripped before the new standards were adopted. 
D) Projections made by the firm's long-range planning team indicate that the market will support full use of the new location for at least twenty years,enough time to see savings accrue from the solar panels. 
E) The most economical source for purchasing the solar panel equipment is owned by the same corporation responsible for strip mining in the new location.

Question 20

Marlene is a shoe buyer for a large department store.Six months ago,she accepted a free trip to Barbados from one of the companies that she buys shoes from.Now,the company is strongly hinting that it wants Marlene to increase the size of her next order,and Marlene feels some obligation to do so because of the free trip she received.Marlene is involved in

Accepted Answer

A) illegal behaviour. 
B) a conflict of interest. 
C) collusion. 
D) illegal and unethical behaviour. 
E) unethical behaviour. 
A) illegal behaviour. 
B) a conflict of interest. 
C) collusion. 
D) illegal and unethical behaviour. 
E) unethical behaviour.

Which of the following questions would a company dedicated to increasing its level of corporate social responsibility be least likely to ask?

Sustainable development means pursuing activities that meet current needs,but which will not put future generations at a disadvantage when they attempt to meet their needs.

McDonald's established Ronald McDonald House to provide lodging for families of children who are hospitalized away from home.This approach to social responsibility would best be classified as a(n)

Sam has noticed that the safety mechanism on the piece of equipment that he operates is not working.After repeatedly telling management about the defect but getting no response,he decides to report it to the provincial agency responsible for workplace safety.This is an example of

There is general agreement that workers shouldn't damage the reputation of the company they work for,and there is consensus about what constitutes going "too far" when posting criticisms of the company on social media.

Ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good.

Which statement would people in favour of socially responsible business most likely advocate?

Explain the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities.

Jerry wants to use the ethical norm of utility when making decisions.To do this,he should ask "Is this decision fair to everyone?"

Ethics are both individually and culturally defined.

The movement designed to help workers in developing countries receive fair payments for their work is referred to as which of the following?

Are ethics influenced by a business firm's policies? Are business firms influenced by a person's ethical values? Explain.

What is ethical or unethical behaviours by a business's manager or employee referred to as?

Which of the following is the stance of a firm that meets their legal and ethical requirements and will go further in certain cases if they are asked?

The president of a company has paid himself a large salary,a handsome bonus,received a large number of lucrative stock options,and hired his family members at high salaries.The president is probably guilty of

Carl and Kelly have opened a gymnastics center.If they want to behave in a socially responsible fashion,which action should they definitely avoid?

What is triple bottom line reporting?

Understanding the Canadian Business System

The Environment of Business

Entrepreneurship,small Business,and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating,satisfying,and Leading Employees

Operations Management,productivity,and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing,promoting,and Distributing Products

Money and Banking

Financial Decisions and Risk Management

Filters

Exam 3: Conducting Business Ethically and Responsibly

Which of the following questions would a company dedicated to increasing its level of corporate social responsibility be least likely to ask?

Sustainable development means pursuing activities that meet current needs,but which will not put future generations at a disadvantage when they attempt to meet their needs.

McDonald's established Ronald McDonald House to provide lodging for families of children who are hospitalized away from home.This approach to social responsibility would best be classified as a(n)

Sam has noticed that the safety mechanism on the piece of equipment that he operates is not working.After repeatedly telling management about the defect but getting no response,he decides to report it to the provincial agency responsible for workplace safety.This is an example of

There is general agreement that workers shouldn't damage the reputation of the company they work for,and there is consensus about what constitutes going "too far" when posting criticisms of the company on social media.

Ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good.

Which statement would people in favour of socially responsible business most likely advocate?

Explain the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities.

Jerry wants to use the ethical norm of utility when making decisions.To do this,he should ask "Is this decision fair to everyone?"

Ethics are both individually and culturally defined.

The movement designed to help workers in developing countries receive fair payments for their work is referred to as which of the following?

Are ethics influenced by a business firm's policies? Are business firms influenced by a person's ethical values? Explain.

What is ethical or unethical behaviours by a business's manager or employee referred to as?

Which of the following is the stance of a firm that meets their legal and ethical requirements and will go further in certain cases if they are asked?

The president of a company has paid himself a large salary,a handsome bonus,received a large number of lucrative stock options,and hired his family members at high salaries.The president is probably guilty of

Carl and Kelly have opened a gymnastics center.If they want to behave in a socially responsible fashion,which action should they definitely avoid?

What is triple bottom line reporting?

Understanding the Canadian Business System

The Environment of Business

Entrepreneurship,small Business,and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating,satisfying,and Leading Employees

Operations Management,productivity,and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing,promoting,and Distributing Products

Money and Banking

Financial Decisions and Risk Management

Filters