Exam 2: Business Ethics and Social Responsibility: Doing Well by Doing Good

Corporate responsibility refers to the contributions of money and time to help achieve socially responsible goals.

Discuss two examples of how globalization impacts social responsibility.

What do we call the practice of deliberately designing a product to fail in order to shorten the time between a consumer purchase and a repurchase?

Stakeholders have a personal interest in the performance and activities of an organization.

In the business world, what does social responsibility refer to?

Which of the following is an example of a legal but unethical behaviour?

Which statement best describes a written code of ethics?

Specific codes of ethics vary greatly among organizations.

Define green marketing and describe some of its challenges.

Some firms only operate within the legal limits of the law, and do not contribute to the well-being of their stakeholders.

What is the range of the spectrum of social responsibility?

Cause-related marketing dollars are not tax deductible for a company, but often enhance the company's brand.

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

What do we call the process whereby a company promotes environmentally friendly products as a benefit to its customers?

Which of the following works in tandem with a code of ethics?

Business ethics is the application of right and wrong, good and bad, in a business setting.

What does a social audit systematically evaluate?

Harriette owned a diner in the 1950s. At that time, the town in which Harriette's diner was located had a law declaring that it was illegal for restaurants to serve white people and black people in the same dining room. But Harriette never made customers of different races eat in separate rooms. What does this situation demonstrate about Harriette's business practice?

Sally is responsible for ensuring that all equipment is placed in its proper location at the end of her work shift. She notices that one employee always leaves his equipment on the floor, but he is one of the top performers. Sally ignores the employee's negligence and stores the equipment in its proper location. Sally is displaying her individual ethics.

Which of the following terms refers to the obligation of a business to contribute to society?