Exam 3: Conducting Business Ethically and Responsibly

What is the relationship between social responsibility and ethics?

Lance owns a small business where he sells his own paintings. He really wants to help aspiring artists, but hasn't assisted very many of them to this point. What is the MOST likely reason for this? He doesn't have the time or money to help aspiring artists. He is too involved in trying to make a big profit. He is concerned that helping aspiring artists will simply create more competition for his company. He doesn't have an ethical code in place. He isn't interested in corporate philanthropy.

________ are waste industrial gases that trap heat in the atmosphere. Greenhouse emissions Byproducts Energy supplies Acid rain Exajoules

With regard to the "cap and trade" system for trading carbon credits, it is correct to say that very little fraud has been uncovered in the system. the system has proven to be very effective. studies show that countries in Asia are not interested in the system. companies in developing countries buy credits which they sell to companies in industrialized countries. carbon credits essentially give companies the right to pollute the environment.

McDonald's established Ronald McDonald House to provide lodging for families of children who are hospitalized away from home. This approach to social responsibility would best be classified as a(n) defensive stance. obstructionist stance. accommodative stance. charitable stance. proactive stance.

Mary is a purchasing agent who has been offered a gift by a supplier if she will order products from the supplier for her company. Mary is facing a price gouging situation. conflict of interest situation. social responsibility situation. utility norm. None of these

What is the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities?

What is the purpose of a written code of ethics?

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 an obstructionist stance, how will the company respond to this media report?

What are carbon credits? Credits given to countries that produce more oil than they consume Credits given to countries that install the most pollution equipment per capita Credits which are purchased by countries that give them the right to pollute the atmosphere Credits which must be purchased by countries after they have been found guilty of polluting the atmosphere Credits that are given to countries for producing the carbon that is needed to make oil

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

Cheque kiting is unethical but not illegal.

Canadians who buy products from vendors on Canal Street in New York City often encounter what type of advertising? Advertising of a counterfeit brand Morally objectionable advertising Lack of truth-in-advertising Misleading price advertising Stealth advertising

How do organizations exercise social responsibility toward the environment?

Which of the following terms is used to describe an employee who discovers an unethical, illegal, or socially irresponsible action and attempts to stop it? Consumer advocate Inside trader Recycler Whistle-blower Collusion

________ refers to ethical or unethical behaviors by a manager or employee of an organization. Social ethics Social responsibility Business ethics Collusion Cartelling

There is currently a total consensus that global warming is happening and that it is being caused largely by human activity.

Triple bottom line reporting means measuring the finance, marketing, and production performance of a company.

Ethical and unethical behaviour is determined partly by the ________ and partly by ________. society; culture society; values individual; culture person; religion culture; society

Bristol Corp. plans to introduce an inexpensive line of shoes to the Canadian market. It has found a manufacturer in Asia that can produce the shoes at a cost that will be cheaper than other brands of the same quality. Which of the following is a potential ethical implication that the company should consider before beginning production? The country's existing labor laws and the factory working conditions The average exchange rate of the country's currency over a ten-year period The challenges of doing business in a country with a nonconvertible currency The energy demands of the manufacturer's facility The basic international business strategy it will use