Exam 2: B: Being Ethical and Socially Responsible

Business ethics rarely involves the application of moral standards to the business activity of a normal company.

A key step in developing and implementing a social responsibility program is the environmental audit.

Ethical behavior is most likely to be compromised when the personal ethics of businesspeople are high.

Improved water quality is not only necessary, it is attainable at no cost.

The fundamental issues concerning land pollution are how to restore already contaminated land and how to prevent further contamination.

The field of business ethics applies moral standards to business situations.

An effective program for social responsibility takes time, money, and organization.

Relationships with customers and coworkers rarely create ethical problems.

All bribes are unethical.

People exposed to loud noises for a long time can suffer permanent hearing loss.

Most authorities agree that business ethics should be improved.

One way a social responsibility program can be funded is by passing on the cost to the consumer in the form of higher prices.

When translated, caveat emptor means "let the buyer beware."

Air and water quality may be improving, but land pollution is still a serious problem in many areas.

The right to service entitles consumers to convenience, courtesy, and responsiveness from manufacturers and sellers of consumer products.

There are many more socially responsible businesses today than there were ten years ago.

The $1.6 billion Superfund created in 1980 is to be used to develop successful ways of storing land pollutants.

Those who "blow whistles" sometimes lose their jobs.

A code of ethics is a written guide to acceptable and ethical behavior as defined by an organization.

Consumers will probably pay in large part for cleaning up our environment through increased taxes or increased product costs.