Exam 3: Conducting Business Ethically and Responsibly

IBP, a large meat processing firm, has a record of violating environmental regulations, labour laws, and food processing laws, and then trying to cover up its offenses. IBP has adopted a(n) ________ stance to social responsibility.

What is sustainability?

Which three countries are the worst greenhouse gas emitters per capita?

At the end of an especially good year, a company decides to give bonuses to its sales employees. Two salespersons are included: Tracy shows a better-than-average sales record, whereas Colin was only an average salesperson. Colin has a reputation for being a straight shooter who complies strictly with the company's ethical code. On the other hand, Tracy made some deals that, as co-workers confided to middle managers, were "on the edge" of dishonesty. When the company's ethics panel reviewed one such deal, it was found to have been compliant with the letter of the stated code. Nevertheless, the financial officer recommends that both employees be given the same bonus. Which of the following, if true, most strongly supports the financial officer's position?

What is the relationship between social responsibility and ethics?

Organizational stakeholders are those groups, individuals, and organizations that are directly affected by the practices of an organization and that therefore have a stake in its performance.

List four ethical norms.

With regard to the distinction between unethical and illegal behaviour, it is correct to say that

What is social responsibility?

Miranda has decided to evaluate a decision she has made on the basis of the ethical norm of rights. What questions should she ask?

Tiffany's Taffy Shop is known for its commitment to corporate social responsibility. However, Tiffany has learned that an employee has been unknowingly ordering candy wrappers that are harmful to the environment. How could she best recover from this ethical lapse?

Australia, Canada, and the United States are the world's largest greenhouse gas emitters on a per capita basis.

Georgia wants to make sure that her employees behave in a highly ethical fashion. What should she avoid doing?

Identify and explain the rights of consumers. How did these rights originate? What can business firms do to deal with these rights?

Robert, a CEO, is trying to decide whether to cut a budget item that is allocated to help construct shelters for the homeless. After getting advice from workers and considering his own ethical views, Robert decides to not cut these funds, even though the decision meant that the company would likely make less profit as a result. What is the most likely reason Robert made this decision?

Ethical and unethical behaviour is determined partly by the ________ and partly by ________.

Moia is a successful entrepreneur who owns several popular pastry shops. She often imports macadamia nuts from countries with poor economic conditions, which has furthered her desire to help improve the lives of the people living there. How can Moia best exhibit corporate social responsibility to the citizens of these nations?

Give examples of the types of actions a business can take to meet its social responsibility.

Which of the following statements is most likely to be included in a company's code of ethics?

Because Joan owns a small company, the concept of socially responsible behaviour does not apply to her.