Exam 3: Conducting Business Ethically and Responsibly

What requirement does the Personal Information Protection and Electronic Documents Act (PIPEDA)impose on companies?

What is triple bottom line reporting?

A conflict of interest occurs when two employees disagree about what course of action is best for the company.

Dangerous chemical and/or radioactive by-products of various manufacturing processes are called

Smooth is a bar soap for women that is produced by Beautymax Products.Smooth has recently been reformulated because previous product ingredients had become quite expensive.However,the reformulation has caused some major problems,as some 12 percent of the recent consumers have reported developing a rash accompanied by itching and peeling skin. The CEO of Beautymax Products is horrified by the negative publicity and wants immediate crisis management performed by the public relations department.The public relations department provides a list of strategic options for the CEO to deal with the bad publicity.Which of the following statements,if true,would not be a strategic option for the CEO?

Smooth is a bar soap for women that is produced by Beautymax Products.Smooth has recently been reformulated because previous product ingredients had become quite expensive.However,the reformulation has caused some major problems,as some 12 percent of the recent consumers have reported developing a rash accompanied by itching and peeling skin. After Beautymax dealt with the negative publicity from the rashes caused by Smooth,the public relations department proposed developing some proactive prevention plans.The vice president argues that such plans are a waste of time and not necessary.Which of the following statements,if true,would not support the public relations department's argument for using proactive prevention crisis management plans?

Groups,individuals,and organizations that are directly affected by the practices of an organization and therefore have a stake in its performance are referred to as shareholders.

The top management level at Brown Corp.has already publicly stated its commitment to being socially responsible.What is the next action that Brown Corp.needs to take?

List the four general approaches to social responsibility.

By adding labels on spray cans indicating that the contents are flammable and instructions on how to use it correctly,which consumer right is being met?

The three general factors that have been identified as important in causing individuals to behave in unethical ways are

When the Alberta securities regulator brought charges against several executives at Grand Cache Coal Corp.because those executives sold company stock just before the company publicly disclosed negative news about its sales,this was an example of

Which of the following statements is correct with regard to the conflict of interest idea in business?

When Procter & Gamble claimed that its Pantene shampoo made hair "10 times stronger," the Chinese government decided that this constituted

Corporate social responsibility (CSR)refers to the way in which a business tries to balance its commitments to individuals and groups that are directly affected by the organization's activities.

Business firms which engage in cheque kiting are acting in a socially responsible manner because such financial techniques result in higher profits,higher dividends,and higher stock prices,and these benefit stockholders.

You are managing a company that either must cut the dividend or cut 10% of the company's workforce.What do you do? Why?

Describe some examples of socially irresponsible behaviour by business firms with regard to investors.

Approximately ________ of Canadian firms have codes of ethics,while approximately ________ of U.S.firms have them.

Which of the following is a systematic analysis of how a firm is using funds earmarked for social-responsibility and how effective these expenditures have been?