Exam 3: Conducting Business Ethically and Responsibly

What are carbon credits?

Shareholders are owners of the company. How can a company act irresponsibly toward its owners?

Business firms which engage in cheque kiting are acting in a socially responsible manner because such financial techniques result in higher profits, higher dividends, and higher stock prices, and these benefit stockholders.

In Canada, a manager who discriminates against minorities in hiring exhibits both unethical and illegal behaviour.

When a food company lists the ingredients that make up their products, which consumer right is it addressing?

The three general factors that have been identified as important in causing individuals to behave in unethical ways are

Sustainable development

Smooth is a bar soap for women that is produced by Beautymax Products. Smooth has recently been reformulated because previous product ingredients had become quite expensive. However, the reformulation has caused some major problems, as some 12 percent of the recent consumers have reported developing a rash accompanied by itching and peeling skin. After Beautymax dealt with the negative publicity from the rashes caused by Smooth, the public relations department proposed developing some proactive prevention plans. The vice president argues that such plans are a waste of time and not necessary. Which of the following statements, if true, would not support the public relations department's argument for using proactive prevention crisis management plans?

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?

In the 2015 Global 100 list of the most sustainable corporations in the world, which company ranked first?

What are the three major types of pollution? Give an example of each.

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

Marlene wants to use the ethical norm of justice when making decisions. To do this, she should ask "Is this decision consistent with what we regard as fair"?

Which of the following illustrates the defensive stance to social responsibility?

Which of the following is correct with regard to pollution?

A firm is considering opening a new plant in an existing building at a business park. It is located in the middle of a coal-producing region, which remains visibly blighted by the effects of strip mining. The plant's heating system is based on coal heat, which is locally produced and relatively cheap, reducing the plant's operating expenses significantly. Company engineers note that the plant's roof is ideal for solar panels, which would reduce the firm's future dependence on coal, nuclear, and other conventional sources of energy. However, the cost of installing the panels is considerable and would mean that the new plant would not return a profit to the company for several years. The CEO feels that the panels should be installed. Which of the following, if true, tends to compromise the ethical standing of the CEO's position?

When two or more firms agree to collaborate on wrongful acts, it is referred to as

In 2010, new laws came into effect that, unfortunately, made it more difficult for the Competition Bureau to convict price-fixers.

By adding labels on spray cans indicating that the contents are flammable and instructions on how to use it correctly, which consumer right is being met?

Belinda has decided to evaluate a decision she has made on the basis of the ethical norm of justice. What question should she ask?