Exam 3: Conducting Business Ethically and Responsibly

"The only way recycling will ever work is if customers demand it and are willing to pay the higher prices for it." Agree or disagree with this statement, and support your position.

The fair trade movement is designed to level the playing field with respect to trade between developing and developed countries.

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

Identify two examples of unethical practices in advertising.

Identify an issue of managerial ethics relating to behaviour toward employees.

List the four general approaches to social responsibility.

What is cheque kiting?

The Lexington Corporation's mission statement shows a primary commitment to compassionately improve the lives of elderly citizens. Which of the following is least likely to be true with respect to the company's ethical code?

Sustainable development means pursuing activities that meet current needs, but which will not put future generations at a disadvantage when they attempt to meet their needs.

The Canadian Competition Bureau investigated possible ________ by Hershey, Nestle, and Cadbury.

What is the difference between ethical behaviour and unethical behaviour?

Joe paid his subordinate John less than John deserved because Joe knew that John needed the job badly. Joe's behaviour is

Bernard has decided to evaluate a decision he has made based on the ethical norm of utility. What question should he ask?

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

Counterfeit goods are a problem mainly for products like luggage, pharmaceuticals, designer clothing, and watches, but not much of a problem for products like fine wines.

Jane is a whistle-blower because she has concerns about some of the actions of her company. Whistle-blowers

The CEO of Perry's Pizzeria, a rapidly growing restaurant chain, is committed to a high level of corporate social responsibility along with continued business success. Which action by the CEO would most enhance the company's reputation for social responsibility?

Jays Inc. dumped toxic chemicals in the river next to their factory. Upon being caught, Jays Inc. not only denied their wrongdoings, they went to great lengths to hide their behaviour. Jays Inc. is taking a(n) ________ stance to social responsibility.

Approximately ________ of Canadian firms have codes of ethics, while approximately ________ of U.S. firms have them.