Question 1

The ethical norm of caring evaluates whether the decision is consistent with people's responsibilities to each other.

Accepted Answer

A) True 
 B)False

Question 2

The first step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

Accepted Answer

A)  determine the norms that relate to the situation. 
B)  determine the most appropriate moral values. 
C)  determine the implications of breaching the activity or policy. 
D)  gather the relevant factual information. 
E)  make an ethical judgment based on the rightness or wrongness of the proposed activity or policy. 
A)  determine the norms that relate to the situation. 
B)  determine the most appropriate moral values. 
C)  determine the implications of breaching the activity or policy. 
D)  gather the relevant factual information. 
E)  make an ethical judgment based on the rightness or wrongness of the proposed activity or policy.

Question 3

What are the ethical norms and the issues that they deal with?

Accepted Answer

- Utility: Does a particular act optimiz

Question 4

A chocolate company with a primary emphasis on ethical sourcing and procurement would MOST likely avoid which of the following?

Accepted Answer

A)  Neglecting the welfare of the farmers who grow cacao beans 
B)  Reducing the size of its marketing department 
C)  Developing new fat-free products 
D)  Hosting a holiday party for all employees 
E)  Reducing the funds allocated to the company health care program for employees 
A)  Neglecting the welfare of the farmers who grow cacao beans 
B)  Reducing the size of its marketing department 
C)  Developing new fat-free products 
D)  Hosting a holiday party for all employees 
E)  Reducing the funds allocated to the company health care program for employees

Question 5

Give three arguments in favour and three arguments against the social responsibility of business.

Accepted Answer

- in favour: corporations need to help i

Question 6

Jennifer is about to start her first job.Which of the following is least likely to be an influence on her ethics and behaviour?

Accepted Answer

A)  Her past experiences 
B)  The code of ethics in that firm 
C)  Her family and friends 
D)  Her peers at school 
E)  Religious teaching she may have received 
A)  Her past experiences 
B)  The code of ethics in that firm 
C)  Her family and friends 
D)  Her peers at school 
E)  Religious teaching she may have received

Question 7

When a Canadian company is operating in a country where bribes are legal,the Canadian government expects the company to

Accepted Answer

A)  use their judgment,since Canadian laws are not applicable. 
B)  not pay any bribes at all. 
C)  notify Canadian authorities that they may have to pay a bribe in order to do business in the foreign country. 
D)  match the bribes that other competitive firms are paying so they can get the business. 
E)  none of the statements are accurate. 
A)  use their judgment,since Canadian laws are not applicable. 
B)  not pay any bribes at all. 
C)  notify Canadian authorities that they may have to pay a bribe in order to do business in the foreign country. 
D)  match the bribes that other competitive firms are paying so they can get the business. 
E)  none of the statements are accurate.

Question 8

Counterfeit goods are a problem mainly for products like luggage,pharmaceuticals,designer clothing,and watches,but not much of a problem for products like fine wines.

Accepted Answer

A) True 
 B)False

Question 9

Behaviour that conforms to individual beliefs and social norms about what is right and good is referred to as

Accepted Answer

A)  social reaction behaviour. 
B)  ethical behaviour. 
C)  generally accepted behaviour. 
D)  collusional behaviour. 
E)  motivational behaviour. 
A)  social reaction behaviour. 
B)  ethical behaviour. 
C)  generally accepted behaviour. 
D)  collusional behaviour. 
E)  motivational behaviour.

Question 10

What distinguishes ethical behaviour from unethical behaviour is often subjective and influenced by differences of opinion.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following illustrates how a company could be irresponsible with respect to its investors?

Accepted Answer

A)  The company uses profits to fund research and development. 
B)  The president overstates the positive impact of a new contract. 
C)  The board of directors declares a stock split. 
D)  Management accepts a takeover bid from another company. 
E)  No dividends are declared even though the company made a profit. 
A)  The company uses profits to fund research and development. 
B)  The president overstates the positive impact of a new contract. 
C)  The board of directors declares a stock split. 
D)  Management accepts a takeover bid from another company. 
E)  No dividends are declared even though the company made a profit.

Question 12

Business firms can show their social responsibility toward employees by providing a safe workplace with equal employment opportunities.

Accepted Answer

A) True 
 B)False

Question 13

Collusion occurs when two or more firms agree to collaborate on such wrongful acts as price fixing.

Accepted Answer

A) True 
 B)False

Question 14

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

Accepted Answer

A)  whistle-blowing. 
B)  kiting. 
C)  price gouging. 
D)  consumerism. 
E)  collusion. 
A)  whistle-blowing. 
B)  kiting. 
C)  price gouging. 
D)  consumerism. 
E)  collusion.

Question 15

The obstructionist stance generally leads to higher financial performance than the accommodative stance.

Accepted Answer

A) True 
 B)False

Question 16

Responding to increased demand with steep and unwarranted price increases is called

Accepted Answer

A)  unit pricing. 
B)  demand pricing. 
C)  price fixing. 
D)  price gouging. 
E)  price leadership. 
A)  unit pricing. 
B)  demand pricing. 
C)  price fixing. 
D)  price gouging. 
E)  price leadership.

Question 17

Some individuals oppose any business activity involving social responsibility because it cuts into profits for investors.

Accepted Answer

A) True 
 B)False

Question 18

About two-thirds of Canada's largest corporations have codes of ethics.

Accepted Answer

A) True 
 B)False

Question 19

The practice of jeitinho is sometimes evident in business activity in which country?

Accepted Answer

A)  Canada 
B)  Japan 
C)  Indonesia 
D)  Brazil 
E)  The Czech Republic 
A)  Canada 
B)  Japan 
C)  Indonesia 
D)  Brazil 
E)  The Czech Republic

Question 20

List the four general approaches to social responsibility.

Accepted Answer

Obstructionist,defen

The ethical norm of caring evaluates whether the decision is consistent with people's responsibilities to each other.

The first step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

What are the ethical norms and the issues that they deal with?

A chocolate company with a primary emphasis on ethical sourcing and procurement would MOST likely avoid which of the following?

Give three arguments in favour and three arguments against the social responsibility of business.

Jennifer is about to start her first job.Which of the following is least likely to be an influence on her ethics and behaviour?

When a Canadian company is operating in a country where bribes are legal,the Canadian government expects the company to

Counterfeit goods are a problem mainly for products like luggage,pharmaceuticals,designer clothing,and watches,but not much of a problem for products like fine wines.

Behaviour that conforms to individual beliefs and social norms about what is right and good is referred to as

What distinguishes ethical behaviour from unethical behaviour is often subjective and influenced by differences of opinion.

Which of the following illustrates how a company could be irresponsible with respect to its investors?

Business firms can show their social responsibility toward employees by providing a safe workplace with equal employment opportunities.

Collusion occurs when two or more firms agree to collaborate on such wrongful acts as price fixing.

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

The obstructionist stance generally leads to higher financial performance than the accommodative stance.

Responding to increased demand with steep and unwarranted price increases is called

Some individuals oppose any business activity involving social responsibility because it cuts into profits for investors.

About two-thirds of Canada's largest corporations have codes of ethics.

The practice of jeitinho is sometimes evident in business activity in which country?

List the four general approaches to social responsibility.

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

The ethical norm of caring evaluates whether the decision is consistent with people's responsibilities to each other.

The first step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

What are the ethical norms and the issues that they deal with?

A chocolate company with a primary emphasis on ethical sourcing and procurement would MOST likely avoid which of the following?

Give three arguments in favour and three arguments against the social responsibility of business.

Jennifer is about to start her first job.Which of the following is least likely to be an influence on her ethics and behaviour?

When a Canadian company is operating in a country where bribes are legal,the Canadian government expects the company to

Counterfeit goods are a problem mainly for products like luggage,pharmaceuticals,designer clothing,and watches,but not much of a problem for products like fine wines.

Behaviour that conforms to individual beliefs and social norms about what is right and good is referred to as

What distinguishes ethical behaviour from unethical behaviour is often subjective and influenced by differences of opinion.

Which of the following illustrates how a company could be irresponsible with respect to its investors?

Business firms can show their social responsibility toward employees by providing a safe workplace with equal employment opportunities.

Collusion occurs when two or more firms agree to collaborate on such wrongful acts as price fixing.

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called

The obstructionist stance generally leads to higher financial performance than the accommodative stance.

Responding to increased demand with steep and unwarranted price increases is called

Some individuals oppose any business activity involving social responsibility because it cuts into profits for investors.

About two-thirds of Canada's largest corporations have codes of ethics.

The practice of jeitinho is sometimes evident in business activity in which country?

List the four general approaches to social responsibility.

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