Exam 4: Business Ethics Social Responsibility: Doing Well by Doing Good

Codes of conduct work best when people are given the freedom to choose whether they wish to follow them or not.

In the context of codes of ethics, the purpose of a written code is to:

In the context of carbon footprint, emissions that occur outside a company's boundary, but over which it has some control, are classified as Scope 2 emissions.

When people view ethics as relative, their ethical standards shift depending on the situation.

Adhering to a new act passed in 2002, the CEO of Pearsil & Pearsil, a real estate company, now personally certifies the validity of the company's financial statements. Given this information, the CEO most likely follows the_____.

In the context of social responsibility, which of the following is a way of contributing to nonprofits?

Jessica Marshall, the CEO of ABD Oil Drilling Inc., decides to set aside an amount of $10,000 from the company's annual profits to donate to local nonprofit organizations although the company already meets the mandated government requirement of contributing 4 percent of the company's revenue for social benefits. This donation by ABD Oil Drilling Inc. is an example of:

In the context of social responsibility, _____ include employees and investors who have a personal interest in the performance and actions of an organization.

Socially responsible employers stick to the state laws and do not go beyond them when it comes to providing a good working environment to employees.

The most socially responsible companies establish _____ for their vendors, setting clear policies for human rights, wages, safety, and environmental impact.

In the context of business ethics, in an ethical dilemma, every potential course of action has some significant negative consequences.

Corporate philanthropy includes all business donations to nonprofit groups except employee time.

In the context of a socially responsible organization, which of the following statements is true of consumerism?

Heleus Oil & Gas Company routinely performs emission tests to keep a check on the emissions produced by its corporate operations and find new ways to reduce them significantly. In this scenario, Heleus Oil & Gas Company is tracking its:

Which of the following is a duty of a socially responsible organization toward its customers?

A Japanese company encourages its employees to participate in charitable activities. The company gives annual paid leave of ten days to its employees to volunteer at nonprofits or take part in activities that support environmental causes. Given this information, the company's initiative is an example of _____.

Lovine, a women-centric magazine, interviewed a victim of domestic violence. Although the magazine assured the victim that her name would not be mentioned in the article, it later published the article with the victim's real name. This scenario exemplifies a(n) _____.

In the context of codes of ethics, the Johnson & Johnson Credo has guided the company profitably through a number of crises. This is considered the best-known code because it:

Trotin Langdon Corp., a leading car dealer, operates in many countries. The company has a clearly written mandate for all its contractors abroad. According to this, all contractors must ensure that standardized safety measures are implemented in their factories and workers are made to work only for nine hours a day. In this scenario, Trotin Langdon Corp. has set _____ for its vendors.

Planned obsolescence represents a clear violation of social responsibility.