Question 1

List four ethical norms.

Accepted Answer

Utility,ri

Question 2

All things considered,the utility norm is probably the best one to use when making decisions about ethics.

Accepted Answer

A) True 
 B)False

Question 3

What are managerial ethics?

Accepted Answer

Managerial ethics ar

Question 4

Which consumer right is violated by a company that restricts and interferes with competition?

Accepted Answer

A) Right to be heard 
B) Right to choose what they buy 
C) Right to good prices 
D) Right to safe products 
E) Right to be informed 
A) Right to be heard 
B) Right to choose what they buy 
C) Right to good prices 
D) Right to safe products 
E) Right to be informed

Question 5

Europol's Criminal Finances and Technology section estimates that up to 90 percent of all carbon market volume in certain EU nations is fraudulent.

Accepted Answer

A) True 
 B)False

Question 6

The CEO of Perry's Pizzeria,a rapidly growing restaurant chain,is committed to a high level of corporate social responsibility along with continued business success.Which action by the CEO would most enhance the company's reputation for social responsibility?

Accepted Answer

A) Using more nutritious but more expensive,ingredients 
B) Cutting employees' wages and benefits to boost the company's stock price 
C) Using marketing or advertising methods that would allow the company to discreetly reduce pizza size without also reducing the price 
D) Packaging products in material that costs less,even if customers object to the change 
E) Taking steps that would cause competitors to close their doors 
A) Using more nutritious but more expensive,ingredients 
B) Cutting employees' wages and benefits to boost the company's stock price 
C) Using marketing or advertising methods that would allow the company to discreetly reduce pizza size without also reducing the price 
D) Packaging products in material that costs less,even if customers object to the change 
E) Taking steps that would cause competitors to close their doors

Question 7

Individuals can rationalize almost any behaviour as ethical.

Accepted Answer

A) True 
 B)False

Question 8

How do organizations exercise social responsibility toward customers?

Accepted Answer

Much of what organizations do to act res

Question 9

A manager who discriminates against any ethnic minority in hiring exhibits behaviour that is

Accepted Answer

A) ethical but illegal. 
B) ethical and illegal. 
C) unethical but legal. 
D) unethical and illegal. 
E) There is no consensus on how this behaviour should be classified. 
A) ethical but illegal. 
B) ethical and illegal. 
C) unethical but legal. 
D) unethical and illegal. 
E) There is no consensus on how this behaviour should be classified.

Question 10

Belinda has decided to evaluate a decision she made based on the ethical norm of justice.What question should she ask?

Accepted Answer

A) Does the decision optimize the satisfaction of all constituencies? 
B) Is the decision consistent with what we regard as fair? 
C) Does the decision respect the rights of the individuals involved? 
D) Is the decision consistent with people's responsibilities to each other? 
E) How much will the decision cost if it is wrong? 
A) Does the decision optimize the satisfaction of all constituencies? 
B) Is the decision consistent with what we regard as fair? 
C) Does the decision respect the rights of the individuals involved? 
D) Is the decision consistent with people's responsibilities to each other? 
E) How much will the decision cost if it is wrong?

Question 11

What is a social audit?

Accepted Answer

A social audit is a systematic

Question 12

The view that business should balance its commitments to important individuals and groups in its environment is known as

Accepted Answer

A) managerial capitalism. 
B) social auditing. 
C) social responsibility. 
D) business ethics. 
E) stakeholder theory. 
A) managerial capitalism. 
B) social auditing. 
C) social responsibility. 
D) business ethics. 
E) stakeholder theory.

Question 13

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

Accepted Answer

A) True 
 B)False

Question 14

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

Accepted Answer

A) whistle-blowing. 
B) kiting. 
C) price gouging. 
D) consumerism. 
E) collusion. 
A) whistle-blowing. 
B) kiting. 
C) price gouging. 
D) consumerism. 
E) collusion.

Question 15

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 credible report that one of their ships is leaking an oily substance off the coast of Belize,but the captain of the ship in question has not notified the company of any problem.Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup.Managers at MKD claim to treat their employees in an ethical fashion.What matters might this behaviour cover?

Accepted Answer

Issues such as hiring,firing,w

Question 16

Social responsibility refers to a business's obligation to make decisions that benefit consumers.

Accepted Answer

A) True 
 B)False

Question 17

A survey of global managers found that an average of ________ percent of managers felt that corruption was widespread in their country.

Accepted Answer

A) 10 
B) 30 
C) 40 
D) 60 
E) 70 
A) 10 
B) 30 
C) 40 
D) 60 
E) 70

Question 18

Jennifer is about to start her first job.Which of the following is least likely to be an influence on her ethics and behaviour?

Accepted Answer

A) Her past experiences 
B) The code of ethics in that firm 
C) Her family and friends 
D) Her peers at school 
E) Religious teaching she may have received 
A) Her past experiences 
B) The code of ethics in that firm 
C) Her family and friends 
D) Her peers at school 
E) Religious teaching she may have received

Question 19

Atlas Corp.offers a money back guarantee on products and provides complaint hot lines for its customers.This is an example of which of the following consumer rights?

Accepted Answer

A) Right to be informed 
B) Right to choose 
C) Right to be heard 
D) Right to health and safety 
E) Right to low prices 
A) Right to be informed 
B) Right to choose 
C) Right to be heard 
D) Right to health and safety 
E) Right to low prices

Question 20

The use of confidential information to gain from the purchase or sale of stock is called insider trading.

Accepted Answer

A) True 
 B)False

List four ethical norms.

All things considered,the utility norm is probably the best one to use when making decisions about ethics.

What are managerial ethics?

Which consumer right is violated by a company that restricts and interferes with competition?

Europol's Criminal Finances and Technology section estimates that up to 90 percent of all carbon market volume in certain EU nations is fraudulent.

The CEO of Perry's Pizzeria,a rapidly growing restaurant chain,is committed to a high level of corporate social responsibility along with continued business success.Which action by the CEO would most enhance the company's reputation for social responsibility?

Individuals can rationalize almost any behaviour as ethical.

How do organizations exercise social responsibility toward customers?

A manager who discriminates against any ethnic minority in hiring exhibits behaviour that is

Belinda has decided to evaluate a decision she made based on the ethical norm of justice.What question should she ask?

What is a social audit?

The view that business should balance its commitments to important individuals and groups in its environment is known as

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

Social responsibility refers to a business's obligation to make decisions that benefit consumers.

A survey of global managers found that an average of ________ percent of managers felt that corruption was widespread in their country.

Jennifer is about to start her first job.Which of the following is least likely to be an influence on her ethics and behaviour?

Atlas Corp.offers a money back guarantee on products and provides complaint hot lines for its customers.This is an example of which of the following consumer rights?

The use of confidential information to gain from the purchase or sale of stock is called insider trading.

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

List four ethical norms.

All things considered,the utility norm is probably the best one to use when making decisions about ethics.

What are managerial ethics?

Which consumer right is violated by a company that restricts and interferes with competition?

Europol's Criminal Finances and Technology section estimates that up to 90 percent of all carbon market volume in certain EU nations is fraudulent.

The CEO of Perry's Pizzeria,a rapidly growing restaurant chain,is committed to a high level of corporate social responsibility along with continued business success.Which action by the CEO would most enhance the company's reputation for social responsibility?

Individuals can rationalize almost any behaviour as ethical.

How do organizations exercise social responsibility toward customers?

A manager who discriminates against any ethnic minority in hiring exhibits behaviour that is

Belinda has decided to evaluate a decision she made based on the ethical norm of justice.What question should she ask?

What is a social audit?

The view that business should balance its commitments to important individuals and groups in its environment is known as

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

Social responsibility refers to a business's obligation to make decisions that benefit consumers.

A survey of global managers found that an average of ________ percent of managers felt that corruption was widespread in their country.

Jennifer is about to start her first job.Which of the following is least likely to be an influence on her ethics and behaviour?

Atlas Corp.offers a money back guarantee on products and provides complaint hot lines for its customers.This is an example of which of the following consumer rights?

The use of confidential information to gain from the purchase or sale of stock is called insider trading.

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