Exam 3: Conducting Business Ethically and Responsibly

Which of the following social responsibility strategies is typically being used by a business firm which supports the Girl Guides,hockey teams,and youth soccer?

The accommodative stance acknowledges that business has contributed to many of society's problems and,therefore,business has a social obligation to correct those problems.

Several local video rental stores got together and agreed on what to charge customers for various rentals.This is a case of

Ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good.

What is unethical behaviour?

Suppose that a sales manager decides to give the same bonus to Georgia (who has a better-than-average sales record)and to Mark (who has only an average record).Mark is known to be extremely honest,while rumours have been heard that Georgia sometimes makes deals that look a bit dishonest (but a formal review of one of her deals was judged to be in compliance with the letter of the company's code of ethics).Which of the following would support the sales manager's decision?

A social audit is a systematic analysis of how a firm is using funds earmarked for achievement of its social-responsibility goals.

Social responsibility toward investors requires firms to manage their resources and to represent their financial status honestly.Provide some examples of irresponsible behaviour taken by business firms.

Which of the following is an example of a company acting irresponsibly toward its investors?

Ensyn Corp.converts sawdust into liquid fuel by blasting wood waste with a sand-like substance that is heated.This use of plant waste to produce energy is known as

Discuss the problem of land pollution.Include in your response the sources of land pollution and a recommended solution for dealing with that problem.

Social audits should be conducted prior to setting up any social responsibility program.

"The purpose of any company is to make a good product,provide good jobs,and make a profit.Any social responsibilities that take away from that are not the role of business." Agree or disagree with this statement,and support your position.

A(n)________ stance to social responsibility involves denying or covering up violations.

It is illegal to misrepresent a company's finances,but the situation regarding improper financial mismanagement is not so clear.

Atlas Corp.offers a money-back guarantee on products and provides a complaint hotline for its customers.This is an example of which of the following consumer rights?

Which of the following behaviours is illegal?

Sustainable development means pursuing activities that meet current needs,but that will not put future generations at a disadvantage when they attempt to meet their needs.

Why did the fair trade movement develop?

Organizational stakeholders can best be defined as