Exam 3: Conducting Business Ethically and Responsibly

Which of the following statements is correct with regard to the conflict of interest idea in business?

What requirement does the Personal Information Protection and Electronic Documents Act (PIPEDA) impose on companies?

List and describe the four stances an organization can take concerning its obligations to society.

You are managing a company that is being asked to pay a bribe. If you do not pay the bribe you will have to lay off 500 people and risk a chance of going out of business. What do you do and why?

Carla's Collegiate Exchange, a popular bookseller among university students, has just drafted its mission statement. The company seeks to sell books on a sliding scale based on a student's available income. What does this most likely reveal about the company's ethical code?

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

A chocolate company with a primary emphasis on ethical sourcing and procurement would most likely avoid which of the following?

"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.

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

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment, including customers, other businesses, employees, and investors.

The practice of jeitinho is an element of business activity in which country?

What are managerial ethics?

The illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been drawn is called

Which term describes the process of using confidential information to gain from the purchase or sale of stocks?

Ensyn Corp. converts sawdust into liquid fuel by blasting wood waste with a sand-like substance that is heated. This use of plant waste to produce energy is known as

Dangerous chemical and/or radioactive byproducts of various manufacturing processes are called

What is the purpose of a written code of ethics?

There is a general consensus in Canada that social responsibility should take precedence over profits.

Ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good.

Though a particular individual may feel that his behaviour is ethical, that behaviour may be seen as unethical if social norms consider it to be so.