Exam 3: Business Ethics and Social Responsibility: Doing Well by Doing Good

A question to ask when making a decision based on individual ethical beliefs is: Could you defend your decision on national TV?

Who are stakeholders?

Ben & Jerry's is recognized for being a socially conscious trendsetter.As a socially responsible company,what is this maker of high-quality ice cream likely to focus on?

A canoe and recreation club recently filed suit against a number of manufacturing plants located along a major river.In the suit,the club claimed that the plants have failed to adequately treat the waste that is being dumped into the streams and waterways,thus adversely affecting the recreational opportunities available to club members.What term best describes the club members in this scenario?

What is the term for the donation of time and/or money to not-for-profit organizations in an effort to support charitable causes?

Costco pays its employees more than Walmart pays its employees.What is the result of this practice?

A study by Transparency International suggests that most of the world's poorer nations have business cultures that are best described in what way?

Consumerism focuses on the right to purchase products regardless of the consumer's buying power.

In the boxed feature "Without a Map ...Charting an Ethical Course," economist C.K.Prahalad argues that corporate marketing in less developed nations may do which of the following?

Human rights,worker safety,and wage practices are not factors a socially responsible business considers when deciding on what vendors and suppliers best meet its needs.

Kleen Things,a mobile dry-cleaning service,provides pick-up and drop-off services to its customers.Although there is a delivery/pick-up charge,Kleen Things offers a 50% discount if customers return the hangers.This is an example of sustainable development.

What are the moral principles that govern behaviour?

What does a nation's legal system provide businesses with when they establish a code of ethics?

A social audit evaluates the ethical guidelines of a business and how those goals are linked to the overall goals of the firm.

A socially responsible company entrusts a watchdog group to provide solutions to unethical behaviours.

Which term refers to the use of marketing partnerships between businesses and not-for-profit organizations that are designed to spike sales for the company and raise money for the not-for-profit organization?

Which of the following best describes a nation's legal system?

Pat has noticed some of his company's sales representatives behaving in an unethical manner toward the customers.He intends to report this ethical lapse through his company's anonymous ethics hotline.If he does so,what will he be called?

Which of the following best describes the double bottom line social audit procedure?

The U.S.Sarbanes-Oxley Act requires CEOs and CFOs to review the company's financial records and verify that their contents are valid.