Exam 3: Conducting Business Ethically and Responsibly

Allex Corp.has received a request from a charitable organization for a donation of $100,000 to help fund its activities.The CEO knows that the Board of Directors of Allex has made it clear that the company will adhere to a "defensive" strategy in terms of its social responsibility posture.How should the CEO respond to the request from the charitable organization?

What would constitute a conflict of interest in a business setting?

List five general categories of organizational stakeholders.

All of the following are functions of codes of ethics except

Under the Canadian and Ontario Environmental Protection Act,liability for a business firm can run as high as ________ per day.

Corporate social responsibility will not succeed without which of the following?

Standards of behaviour that guide individual managers in their work are referred to as which of the following?

Collusion occurs when two or more firms agree to collaborate on wrongful acts such as price fixing.

"The purpose of any company is to make a good product,provide good jobs,and make a profit.Any social responsibilities that take away from that are not the role of business." Agree or disagree with this statement and support your position.

How does insider trading benefit the person who does it?

Which of the following illustrates consumers' rights to safe products?

Peter,the president of a small company,wants his employees to be aware that they should act ethically.Which of the following has proven most effective in improving ethical behaviour in a business firm?

Barrie has decided to evaluate a decision he made based on the ethical norm of caring.Which of the following questions does he need to ask?

Which of the following illustrates how a company could be irresponsible with respect to its investors?

The ________ describes the systematic analysis of a firm's success in using funds that it has set aside for its social responsibility goals.

Marlene wants to use the ethical norm of justice when making decisions.To do this,she should ask "Is this decision consistent with what we regard as fair"?

It is illegal to misrepresent a company's finances,but the situation regarding improper financial mismanagement is not so clear.

What is social responsibility?

Companies getting together to "fix" prices,is against the law and is called a conspiracy.

John is a salesperson who feels that he is not paid nearly enough money for the work that he does.He therefore "pads" his expense account in order to receive increased financial benefits.John's behaviour would be ethical according to which criterion?