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

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The nonprofit, nonpartisan Character Counts organization has worked with educators, community leaders, and experts to establish a set of:

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A

How do businesses around the globe monitor ethics and social responsibility?

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​Many firms are monitoring their firm's ethics and social responsibility. The process is called a social audit, which is a systematic evaluation of how well a firm is meeting its ethics and social responsibility objectives. Establishing goals is the starting point for a social audit, but the next step is to determine how to measure the achievement of those goals, and measurement can be a bit tricky. As You Sow, an organization dedicated to promoting corporate social responsibility, recommends that companies measure their success by evaluating a "double bottom line," one that accounts for traditional financial indicators, such as earnings, and one that accounts for social-responsibility indicators, such as community involvement.

Ethics refers to:

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Which of the following is the purpose of a written code of ethics?​

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Consumerism is a widely accepted social movement. Proponents of this movement believe that _____ is a right of all consumers.

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Research from the Ethics Resource Center (ERC)indicates that organizational culture:

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_____ includes all business donations to nonprofit groups, including both money and products.

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Which of the following actions best demonstrates the practice of corporate responsibility?

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The Sarbanes-Oxley Act requires that CEOs and financial officers personally certify the validity of their financial statements.

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The best employers do not go beyond the law when it comes to providing a good working environment to employees.

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________ is the strategy of deliberately designing products to fail in order to shorten the time between purchases.

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Which of the following is true about consumerism?​

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Every year, the members of the managing committee at Willem Inc.systematically evaluate how well the firm meets its ethics and corporate responsibility objectives. This process is referred to as a(n)_____.

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Personal needs, culture, and the family of an individual influence his or her ethical choices.

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Explain how globalization impacts social responsibility.

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Describe how to create and maintain an ethical organization as per the research done by the Ethics Resource Center.

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Which of the following is the starting point of a social audit?

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The view a firm has on social responsibility can influence the way its employees make decisions.

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Socially responsible employers:

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

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