Question 1

Which of the following would LEAST likely be a source of a company's values and principles?

Accepted Answer

A)  the company's code of ethics 
B)  the company's marketing campaign 
C)  the company's mission statement 
D)  the owner's behaviors and priorities 
E)  the company's record of legal compliance 
A)  the company's code of ethics 
B)  the company's marketing campaign 
C)  the company's mission statement 
D)  the owner's behaviors and priorities 
E)  the company's record of legal compliance B

Question 2

Conducting a business within the boundaries of all laws that govern that industry is referred to as legal ________.

Accepted Answer

A)  excellence 
B)  compliance 
C)  adaptation 
D)  integrity 
E)  regulation 
A)  excellence 
B)  compliance 
C)  adaptation 
D)  integrity 
E)  regulation B

Question 3

The Calvert Company assigns companies scores between 1 and 5 on which of the following categories?

Accepted Answer

A)  freedom of information 
B)  transparency 
C)  community relations 
D)  truth in advertising 
E)  consumer privacy 
A)  freedom of information 
B)  transparency 
C)  community relations 
D)  truth in advertising 
E)  consumer privacy C

Question 4

Which of the following is NOT a legal right?

Accepted Answer

A)  the right to be heard 
B)  the right to bear witness 
C)  the right to safety 
D)  the right to choose 
E)  the right to information 
A)  the right to be heard 
B)  the right to bear witness 
C)  the right to safety 
D)  the right to choose 
E)  the right to information

Question 5

The Sarbanes-Oxley Act requires that ________.

Accepted Answer

A)  companies be held financially responsible for environmental damage caused by their actions 
B)  CEOs verify their companies' financial statements and vouch for their accuracy with the SEC 
C)  all food packaging displays complete nutritional information 
D)  investment bankers disclose the percentage of their assets that are considered high risk 
E)  companies uphold the ADA 
A)  companies be held financially responsible for environmental damage caused by their actions 
B)  CEOs verify their companies' financial statements and vouch for their accuracy with the SEC 
C)  all food packaging displays complete nutritional information 
D)  investment bankers disclose the percentage of their assets that are considered high risk 
E)  companies uphold the ADA

Question 6

Describe the difference between unethical behavior and amoral behavior.

Accepted Answer

Unethical behavior is behavior that does

Question 7

Walmart's behavior demonstrates that it places great value on the importance of corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following questions enables a person to BEST understand her behavior from an ethical perspective?

Accepted Answer

A)  What are the most important beliefs you hold and use to make decisions in your life? 
B)  What characteristics would others use to describe you? 
C)  How do your relationships reflect your character and beliefs? 
D)  Where did your beliefs and your view of your character come from? 
E)  How can an ethical life get me ahead? 
A)  What are the most important beliefs you hold and use to make decisions in your life? 
B)  What characteristics would others use to describe you? 
C)  How do your relationships reflect your character and beliefs? 
D)  Where did your beliefs and your view of your character come from? 
E)  How can an ethical life get me ahead?

Question 9

Betty's son Bobby is suffering from a sore throat and a runny nose.However,Betty has an important presentation to make at work today.So Betty decides to send Bobby to school.How does this situation relate to the discussion of ethics?

Accepted Answer

Betty is feeling a conflict between what

Question 10

In effect,ethics are the guidelines you use to make daily decisions.

Accepted Answer

A) True 
 B)False

Question 11

How do companies conduct a social audit?

Accepted Answer

A)  They submit their corporate social responsibility portfolios to third-party companies that rate and rank them against other companies. 
B)  They file reports to their stockholders and investors about proposed corporate social responsibility activities related to social work and environmental conservation. 
C)  They partner with charitable organizations that interact with the local community and employee relations on their behalf. 
D)  They conduct an internal systematic examination that measures and monitors the progress of the company in meeting its corporate social responsibility goals. 
E)  They use Twitter to raise money for various charitable foundations and worthy causes. 
A)  They submit their corporate social responsibility portfolios to third-party companies that rate and rank them against other companies. 
B)  They file reports to their stockholders and investors about proposed corporate social responsibility activities related to social work and environmental conservation. 
C)  They partner with charitable organizations that interact with the local community and employee relations on their behalf. 
D)  They conduct an internal systematic examination that measures and monitors the progress of the company in meeting its corporate social responsibility goals. 
E)  They use Twitter to raise money for various charitable foundations and worthy causes.

Question 12

The environmental and social concerns of the Amazon Basin would be taken into consideration when a socially responsible U.S.manufacturer of furniture is making the decision about whether to purchase wood from that region.

Accepted Answer

A) True 
 B)False

Question 13

Tools like the Hogan Personal Inventory assess a job candidate in areas such as ________.

Accepted Answer

A)  math abilities 
B)  business background 
C)  stress tolerance 
D)  morning routines 
E)  hobbies 
A)  math abilities 
B)  business background 
C)  stress tolerance 
D)  morning routines 
E)  hobbies

Question 14

Victor is using the Internet to research past charges that have been filed against the pharmaceutical company Pharmacure.Victor is primarily trying to find out about Pharmacure's ________.

Accepted Answer

A)  code of ethics 
B)  corporate vision 
C)  record of legal compliance 
D)  mission statement 
E)  corporate culture 
A)  code of ethics 
B)  corporate vision 
C)  record of legal compliance 
D)  mission statement 
E)  corporate culture

Question 15

What are at least two of the strategies that companies that are attempting to recover from a scandal follow?

Accepted Answer

They work to find a leader who will set

Question 16

________ are the specific laws that govern the products and processes of an industry.

Accepted Answer

A)  Legal regulations 
B)  Ethical standards 
C)  Ethical codes 
D)  Social standards 
E)  Legal violations 
A)  Legal regulations 
B)  Ethical standards 
C)  Ethical codes 
D)  Social standards 
E)  Legal violations

Question 17

Telecommuting is one instance when a person's employer may influence how an employee behaves at home.

Accepted Answer

A) True 
 B)False

Question 18

Intel consistently scores high as an industry leader in its commitment to strong CSR practices because it supports many charitable groups and is responsive to the needs of the communities where it has facilities.

Accepted Answer

A) True 
 B)False

Question 19

How can a clearly stated mission statement improve the culture of ethical and responsible conduct for a business?

Accepted Answer

A mission statement can be com

Question 20

When a magazine refuses to accept advertisements featuring "size zero" models on the grounds that it could encourage eating disorders in young women,this is an example of paying attention to which pillar of corporate social responsibility?

Accepted Answer

A)  marketing and consumer issues 
B)  human rights and employment standards in the workplace 
C)  community and good neighbor policies 
D)  ethical sourcing and procurement 
E)  environmental, health, and safety concerns 
A)  marketing and consumer issues 
B)  human rights and employment standards in the workplace 
C)  community and good neighbor policies 
D)  ethical sourcing and procurement 
E)  environmental, health, and safety concerns

Exam 3: Ethics in Business

Which of the following would LEAST likely be a source of a company's values and principles?

Conducting a business within the boundaries of all laws that govern that industry is referred to as legal ________.

The Calvert Company assigns companies scores between 1 and 5 on which of the following categories?

Which of the following is NOT a legal right?

The Sarbanes-Oxley Act requires that ________.

Describe the difference between unethical behavior and amoral behavior.

Walmart's behavior demonstrates that it places great value on the importance of corporate social responsibility.

Which of the following questions enables a person to BEST understand her behavior from an ethical perspective?

Betty's son Bobby is suffering from a sore throat and a runny nose.However,Betty has an important presentation to make at work today.So Betty decides to send Bobby to school.How does this situation relate to the discussion of ethics?

In effect,ethics are the guidelines you use to make daily decisions.

How do companies conduct a social audit?

The environmental and social concerns of the Amazon Basin would be taken into consideration when a socially responsible U.S.manufacturer of furniture is making the decision about whether to purchase wood from that region.

Tools like the Hogan Personal Inventory assess a job candidate in areas such as ________.

Victor is using the Internet to research past charges that have been filed against the pharmaceutical company Pharmacure.Victor is primarily trying to find out about Pharmacure's ________.

What are at least two of the strategies that companies that are attempting to recover from a scandal follow?

________ are the specific laws that govern the products and processes of an industry.

Telecommuting is one instance when a person's employer may influence how an employee behaves at home.

Intel consistently scores high as an industry leader in its commitment to strong CSR practices because it supports many charitable groups and is responsive to the needs of the communities where it has facilities.

How can a clearly stated mission statement improve the culture of ethical and responsible conduct for a business?

When a magazine refuses to accept advertisements featuring "size zero" models on the grounds that it could encourage eating disorders in young women,this is an example of paying attention to which pillar of corporate social responsibility?

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