Question 1

Which of the following is correct with regard to managerial ethics?

Accepted Answer

A) A manager who discriminates against any ethnic minority in hiring is exhibiting illegal,but not unethical,behaviour. 
B) If a manager pays an employee less than he deserves because the manager knows the employee can't afford to quit,the manager is clearly behaving unethically. 
C) Ethics are not usually an issue when a firm deals with customers. 
D) It is difficult to deal with ethical issues because there is a lot of global variation in business practices. 
E) All of the statements are correct. 
A) A manager who discriminates against any ethnic minority in hiring is exhibiting illegal,but not unethical,behaviour. 
B) If a manager pays an employee less than he deserves because the manager knows the employee can't afford to quit,the manager is clearly behaving unethically. 
C) Ethics are not usually an issue when a firm deals with customers. 
D) It is difficult to deal with ethical issues because there is a lot of global variation in business practices. 
E) All of the statements are correct.

Question 2

A chocolate company with a primary emphasis on ethical sourcing and procurement would most likely avoid which of the following?

Accepted Answer

A) Neglecting the welfare of the farmers who grow cacao beans 
B) Reducing the size of their marketing department 
C) Developing new fat-free products 
D) Hosting a holiday party for all employees 
E) Reducing the funds allocated to the company health care program for employees 
A) Neglecting the welfare of the farmers who grow cacao beans 
B) Reducing the size of their marketing department 
C) Developing new fat-free products 
D) Hosting a holiday party for all employees 
E) Reducing the funds allocated to the company health care program for employees

Question 3

Which of the following illustrates the defensive stance to social responsibility?

Accepted Answer

A) A local clothing store supports artists and performers. 
B) Many firms sponsor youth athletic teams. 
C) Tobacco companies place health warning labels on their products because they are required to do so by the government. 
D) Many organizations respond to requests for donations to community hockey teams,Girl Guides,and youth soccer programs. 
E) Many companies match employee contributions to approved causes. 
A) A local clothing store supports artists and performers. 
B) Many firms sponsor youth athletic teams. 
C) Tobacco companies place health warning labels on their products because they are required to do so by the government. 
D) Many organizations respond to requests for donations to community hockey teams,Girl Guides,and youth soccer programs. 
E) Many companies match employee contributions to approved causes.

Question 4

Martha is the owner of a business that regularly imports certain agricultural commodities from countries with poor economic conditions.If she wants to help the citizens of those countries,how can she best do that?

Accepted Answer

A) By including labels on her products indicating where the commodities come from 
B) By hiring people who have visited these countries and are familiar with the conditions there 
C) By opening an outlet in these countries and creating jobs for the people there 
D) By purchasing more of the commodities 
E) By shipping free products to these nations 
A) By including labels on her products indicating where the commodities come from 
B) By hiring people who have visited these countries and are familiar with the conditions there 
C) By opening an outlet in these countries and creating jobs for the people there 
D) By purchasing more of the commodities 
E) By shipping free products to these nations

Question 5

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment,including customers,other businesses,employees,and investors.

Accepted Answer

A) True 
 B)False

Question 6

Identify an issue of managerial ethics relating to behaviour toward employees.

Accepted Answer

Issues may include matters such as hirin

Question 7

Sustainable development

Accepted Answer

A) refers to the systematic analyses of how a firm is using funds earmarked for its social responsibility goals. 
B) refers to the pursuit of activities that meet current needs,but which will not put future generations at a disadvantage when they attempt to meet their needs. 
C) is not as popular as it was a decade ago because the program is too costly for businesses to support. 
D) involves measuring the social,environmental,and economic performance of a company. 
E) means that companies view themselves as good citizens of society and they proactively seek opportunities to contribute to consumer well-being. 
A) refers to the systematic analyses of how a firm is using funds earmarked for its social responsibility goals. 
B) refers to the pursuit of activities that meet current needs,but which will not put future generations at a disadvantage when they attempt to meet their needs. 
C) is not as popular as it was a decade ago because the program is too costly for businesses to support. 
D) involves measuring the social,environmental,and economic performance of a company. 
E) means that companies view themselves as good citizens of society and they proactively seek opportunities to contribute to consumer well-being.

Question 8

How may a business firm show that it is socially responsible in dealing with its employees? Explain your response.

Accepted Answer

A business firm can:
- Make sure that th

Question 9

Because Joan owns a small company,the concept of socially responsible behaviour does not apply to her.

Accepted Answer

A) True 
 B)False

Question 10

What is insider trading?

Accepted Answer

Insider trading is the illegal

Question 11

With regard to the distinction between unethical and illegal behaviour,it is correct to say that

Accepted Answer

A) something that is illegal is also unethical. 
B) a given act can be ethical,yet illegal. 
C) the distinction between unethical and illegal behaviour has no practical significance. 
D) it is impossible for something to be unethical and legal at the same time. 
E) all of these are correct. 
A) something that is illegal is also unethical. 
B) a given act can be ethical,yet illegal. 
C) the distinction between unethical and illegal behaviour has no practical significance. 
D) it is impossible for something to be unethical and legal at the same time. 
E) all of these are correct.

Question 12

The Lexington Corporation's mission statement shows a primary commitment to compassionately improve the lives of elderly citizens. Which of the following is least likely to be true with respect to the company's ethical code?

Accepted Answer

A) The well-being of others is valued. 
B) All people have worth. 
C) Age discrimination is prohibited when hiring employees. 
D) Elderly citizens are expected and required to contribute to society. 
E) All human beings should be treated fairly. 
A) The well-being of others is valued. 
B) All people have worth. 
C) Age discrimination is prohibited when hiring employees. 
D) Elderly citizens are expected and required to contribute to society. 
E) All human beings should be treated fairly.

Question 13

Executives at MKD Transportation have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize.If MKD adopts a defensive stance,how will the company respond to this situation?

Accepted Answer

MKD will file the necessary re

Question 14

Is downloading music ethical or unethical?

Accepted Answer

Answers will vary because different indi

Question 15

The right to low prices is the most fundamental consumer right.

Accepted Answer

A) True 
 B)False

Question 16

MKD Transportation operates a fleet of container ships and tankers that transport goods around the globe.Company executives have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize.Who are MKD's stakeholders in this instance?

Accepted Answer

Stakeholders are those groups,individual

Question 17

What are the three major types of pollution? Give an example of each.

Accepted Answer

Air pollution: acid rain,smog;

Question 18

A university has filed a formal complaint against a local hospital for failing to be socially responsible in its treatment of university students completing internships there.Which of the following would most likely be a valid response by a hospital that was not guilty of this charge?

Accepted Answer

A) "The responsibility to take disciplinary action against the supervisor who physically threatened the student interns lies with someone else." 
B) "Because sanitary conditions are very important,floors are mopped regularly and are sometimes left wet.We cannot be held responsible if student interns unfamiliar with this practice slip and injure themselves." 
C) "All student interns are clearly instructed to wear gloves and protective covering when handling blood samples that may endanger the interns' health." 
D) "We expect our student interns to work double shifts after a day of classes so that they will be well prepared for a career in the health professions." 
E) "Unforeseen budget cuts have forced us to revoke our contracts with student interns regarding hourly compensation." 
A) "The responsibility to take disciplinary action against the supervisor who physically threatened the student interns lies with someone else." 
B) "Because sanitary conditions are very important,floors are mopped regularly and are sometimes left wet.We cannot be held responsible if student interns unfamiliar with this practice slip and injure themselves." 
C) "All student interns are clearly instructed to wear gloves and protective covering when handling blood samples that may endanger the interns' health." 
D) "We expect our student interns to work double shifts after a day of classes so that they will be well prepared for a career in the health professions." 
E) "Unforeseen budget cuts have forced us to revoke our contracts with student interns regarding hourly compensation."

Question 19

An individual's peers have only limited influence on the development of that person's ethical values.

Accepted Answer

A) True 
 B)False

Question 20

What is the relationship between social responsibility and ethics?

Accepted Answer

Ethics affect individual behaviour in th

Which of the following is correct with regard to managerial ethics?

A chocolate company with a primary emphasis on ethical sourcing and procurement would most likely avoid which of the following?

Which of the following illustrates the defensive stance to social responsibility?

Martha is the owner of a business that regularly imports certain agricultural commodities from countries with poor economic conditions.If she wants to help the citizens of those countries,how can she best do that?

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment,including customers,other businesses,employees,and investors.

Identify an issue of managerial ethics relating to behaviour toward employees.

Sustainable development

How may a business firm show that it is socially responsible in dealing with its employees? Explain your response.

Because Joan owns a small company,the concept of socially responsible behaviour does not apply to her.

What is insider trading?

With regard to the distinction between unethical and illegal behaviour,it is correct to say that

The Lexington Corporation's mission statement shows a primary commitment to compassionately improve the lives of elderly citizens. Which of the following is least likely to be true with respect to the company's ethical code?

Executives at MKD Transportation have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize.If MKD adopts a defensive stance,how will the company respond to this situation?

Is downloading music ethical or unethical?

The right to low prices is the most fundamental consumer right.

MKD Transportation operates a fleet of container ships and tankers that transport goods around the globe.Company executives have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize.Who are MKD's stakeholders in this instance?

What are the three major types of pollution? Give an example of each.

A university has filed a formal complaint against a local hospital for failing to be socially responsible in its treatment of university students completing internships there.Which of the following would most likely be a valid response by a hospital that was not guilty of this charge?

An individual's peers have only limited influence on the development of that person's ethical values.

What is the relationship between social responsibility and ethics?

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 is correct with regard to managerial ethics?

A chocolate company with a primary emphasis on ethical sourcing and procurement would most likely avoid which of the following?

Which of the following illustrates the defensive stance to social responsibility?

Martha is the owner of a business that regularly imports certain agricultural commodities from countries with poor economic conditions.If she wants to help the citizens of those countries,how can she best do that?

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment,including customers,other businesses,employees,and investors.

Identify an issue of managerial ethics relating to behaviour toward employees.

Sustainable development

How may a business firm show that it is socially responsible in dealing with its employees? Explain your response.

Because Joan owns a small company,the concept of socially responsible behaviour does not apply to her.

What is insider trading?

With regard to the distinction between unethical and illegal behaviour,it is correct to say that

The Lexington Corporation's mission statement shows a primary commitment to compassionately improve the lives of elderly citizens. Which of the following is least likely to be true with respect to the company's ethical code?

Executives at MKD Transportation have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize.If MKD adopts a defensive stance,how will the company respond to this situation?

Is downloading music ethical or unethical?

The right to low prices is the most fundamental consumer right.

MKD Transportation operates a fleet of container ships and tankers that transport goods around the globe.Company executives have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize.Who are MKD's stakeholders in this instance?

What are the three major types of pollution? Give an example of each.

A university has filed a formal complaint against a local hospital for failing to be socially responsible in its treatment of university students completing internships there.Which of the following would most likely be a valid response by a hospital that was not guilty of this charge?

An individual's peers have only limited influence on the development of that person's ethical values.

What is the relationship between social responsibility and ethics?

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