Question 1

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

Accepted Answer

A) True 
 B)False  True

Question 2

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

Accepted Answer

abuse of financial resources,improper use of company assets,insider trading,misrepresentation of finances

Question 3

Ethics are

Accepted Answer

A)  standards or moral values regarding what is right and wrong. 
B)  avoiding doing things that,if everyone did them,would result in a real mess. 
C)  believing what's right for one person is wrong for another. 
D)  the command to love one another. 
E)  standards as to how we treat one another. 
A)  standards or moral values regarding what is right and wrong. 
B)  avoiding doing things that,if everyone did them,would result in a real mess. 
C)  believing what's right for one person is wrong for another. 
D)  the command to love one another. 
E)  standards as to how we treat one another. A

Question 4

Which of the following is a reason for businesses to assume a socially responsible role?

Accepted Answer

A)  Business controls vast resources of money and talent which can be used to help society. 
B)  Business helped to create many of society's problems and therefore should help to solve these problems. 
C)  Statistics show that businesses that support social responsibility projects have higher return on investments. 
D)  Corporations have civic responsibilities just like other citizens and should help to better our lives. 
E)  All of the above are reasons. 
A)  Business controls vast resources of money and talent which can be used to help society. 
B)  Business helped to create many of society's problems and therefore should help to solve these problems. 
C)  Statistics show that businesses that support social responsibility projects have higher return on investments. 
D)  Corporations have civic responsibilities just like other citizens and should help to better our lives. 
E)  All of the above are reasons.

Question 5

Dangerous chemical and/or radioactive byproducts of manufacturing processes are known as

Accepted Answer

A)  hazardous residue. 
B)  recycled contaminants. 
C)  fast food. 
D)  toxic wastes. 
E)  non-treated sludge. 
A)  hazardous residue. 
B)  recycled contaminants. 
C)  fast food. 
D)  toxic wastes. 
E)  non-treated sludge.

Question 6

Marlene is a shoe buyer for a large department store.Six months ago she accepted a free trip to Barbados from one of the companies that she buys shoes from.Now,the company is strongly hinting that it wants Marlene to increase the size of her next order,and Marlene feels some obligation to do so because of the free trip she received.Marlene is involved in

Accepted Answer

A)  illegal behaviour. 
B)  a conflict of interest. 
C)  collusion. 
D)  insider trading. 
E)  price gouging. 
A)  illegal behaviour. 
B)  a conflict of interest. 
C)  collusion. 
D)  insider trading. 
E)  price gouging.

Question 7

What is consumerism? Identify the four basic consumer rights.

Accepted Answer

social activism protecting con

Question 8

A major concern for the small business owner is whether he or she can afford to have a social agenda.

Accepted Answer

A) True 
 B)False

Question 9

There is general agreement on the proper role businesses should take in executing their social responsibilities.

Accepted Answer

A) True 
 B)False

Question 10

What are managerial ethics?

Accepted Answer

Managerial ethics ar

Question 11

Which three countries are the worst greenhouse gas emitters per capita?

Accepted Answer

A)  China,India,and Russia 
B)  the United States,Canada,and Australia 
C)  China,Russia,and the Australia 
D)  China,the United States,and Canada 
E)  Japan,China,and Russia 
A)  China,India,and Russia 
B)  the United States,Canada,and Australia 
C)  China,Russia,and the Australia 
D)  China,the United States,and Canada 
E)  Japan,China,and Russia

Question 12

The United Nations "cap and trade" system essentially gives certain companies (i.e.,those that have bought carbon credits)the right to pollute the atmosphere with carbon dioxide.

Accepted Answer

A) True 
 B)False

Question 13

At a press conference,CEO I.R.D.Boss states that profits are going to be very good next year when he knows that they will likely be bad.What can be said about his actions?

Accepted Answer

A)  They are ethical and legal. 
B)  They are unethical and illegal. 
C)  They are ethical and illegal. 
D)  They are unethical and legal. 
E)  It is not possible to tell from the information that is given. 
A)  They are ethical and legal. 
B)  They are unethical and illegal. 
C)  They are ethical and illegal. 
D)  They are unethical and legal. 
E)  It is not possible to tell from the information that is given.

Question 14

________is the view that a company's only social responsibility is to make as much money as possible for its shareholders.

Accepted Answer

A)  Free market capitalism 
B)  Managerial capitalism 
C)  Globalization 
D)  Mixed economy capitalism 
E)  None of these terms are correct 
A)  Free market capitalism 
B)  Managerial capitalism 
C)  Globalization 
D)  Mixed economy capitalism 
E)  None of these terms are correct

Question 15

By adding labels warning of flammability and instructions on how to use the contents on spray cans,which consumer right is being met?

Accepted Answer

A)  Right to be informed 
B)  Right to safe products 
C)  Right to be heard 
D)  Right to choose 
E)  No consumer right is being satisfied 
A)  Right to be informed 
B)  Right to safe products 
C)  Right to be heard 
D)  Right to choose 
E)  No consumer right is being satisfied

Question 16

Whistleblowers are employees who detect and try to put an end to a company's unethical,illegal,and/or socially irresponsible actions by publicizing them.

Accepted Answer

A) True 
 B)False

Question 17

________ refers to ethical or unethical behaviours by a manager or employee of an organization.

Accepted Answer

A)  Social ethics 
B)  Social responsibility 
C)  Business ethics 
D)  Collusion 
E)  Cartelling 
A)  Social ethics 
B)  Social responsibility 
C)  Business ethics 
D)  Collusion 
E)  Cartelling

Question 18

John is a human resources manager who wants to establish an ethical policy for his company.You tell him that the best support for ethical behaviour by a business organization is

Accepted Answer

A)  the intention to behave ethically. 
B)  top-level management directives. 
C)  top-level management support. 
D)  codes of conduct. 
E)  social audits. 
A)  the intention to behave ethically. 
B)  top-level management directives. 
C)  top-level management support. 
D)  codes of conduct. 
E)  social audits.

Question 19

A business firm's influence on the ethical behaviour of its employees is very limited because their family and friends influenced their beliefs about right and wrong long before they joined the business firm.

Accepted Answer

A) True 
 B)False

Question 20

The ethical norm of utility evaluates whether the decision is consistent with cultural standards of fairness.

Accepted Answer

A) True 
 B)False

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

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

Ethics are

Which of the following is a reason for businesses to assume a socially responsible role?

Dangerous chemical and/or radioactive byproducts of manufacturing processes are known as

What is consumerism? Identify the four basic consumer rights.

A major concern for the small business owner is whether he or she can afford to have a social agenda.

There is general agreement on the proper role businesses should take in executing their social responsibilities.

What are managerial ethics?

Which three countries are the worst greenhouse gas emitters per capita?

The United Nations "cap and trade" system essentially gives certain companies (i.e.,those that have bought carbon credits)the right to pollute the atmosphere with carbon dioxide.

At a press conference,CEO I.R.D.Boss states that profits are going to be very good next year when he knows that they will likely be bad.What can be said about his actions?

________is the view that a company's only social responsibility is to make as much money as possible for its shareholders.

By adding labels warning of flammability and instructions on how to use the contents on spray cans,which consumer right is being met?

Whistleblowers are employees who detect and try to put an end to a company's unethical,illegal,and/or socially irresponsible actions by publicizing them.

________ refers to ethical or unethical behaviours by a manager or employee of an organization.

John is a human resources manager who wants to establish an ethical policy for his company.You tell him that the best support for ethical behaviour by a business organization is

A business firm's influence on the ethical behaviour of its employees is very limited because their family and friends influenced their beliefs about right and wrong long before they joined the business firm.

The ethical norm of utility evaluates whether the decision is consistent with cultural standards of fairness.

Understanding the Canadian Business System

Understanding the Environments of Business

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

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Exam 3: Conducting Business Ethically and Responsibly

A business firm can influence an individual's ethical behaviour through development of a written code of ethics.

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

Ethics are

Which of the following is a reason for businesses to assume a socially responsible role?

Dangerous chemical and/or radioactive byproducts of manufacturing processes are known as

What is consumerism? Identify the four basic consumer rights.

A major concern for the small business owner is whether he or she can afford to have a social agenda.

There is general agreement on the proper role businesses should take in executing their social responsibilities.

What are managerial ethics?

Which three countries are the worst greenhouse gas emitters per capita?

The United Nations "cap and trade" system essentially gives certain companies (i.e.,those that have bought carbon credits)the right to pollute the atmosphere with carbon dioxide.

At a press conference,CEO I.R.D.Boss states that profits are going to be very good next year when he knows that they will likely be bad.What can be said about his actions?

________is the view that a company's only social responsibility is to make as much money as possible for its shareholders.

By adding labels warning of flammability and instructions on how to use the contents on spray cans,which consumer right is being met?

Whistleblowers are employees who detect and try to put an end to a company's unethical,illegal,and/or socially irresponsible actions by publicizing them.

________ refers to ethical or unethical behaviours by a manager or employee of an organization.

John is a human resources manager who wants to establish an ethical policy for his company.You tell him that the best support for ethical behaviour by a business organization is

A business firm's influence on the ethical behaviour of its employees is very limited because their family and friends influenced their beliefs about right and wrong long before they joined the business firm.

The ethical norm of utility evaluates whether the decision is consistent with cultural standards of fairness.

Understanding the Canadian Business System

Understanding the Environments of Business

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing the Business Enterprise

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters