Question 1

There are four areas of concern regarding ethics in advertising.They are

Accepted Answer

A)  truth-in-advertising,misleading pricing,bait-and-switch advertising,and stealth advertising. 
B)  advertising of counterfeit brands,stealth advertising,morally objectionable advertising,and truth-in-advertising. 
C)  bait-and-switch advertising,advertising of counterfeit brands,stealth advertising,and morally objectionable advertising. 
D)  truth-in-advertising,misleading price advertising,celebrity advertising,and morally objectionable advertising. 
E)  misleading price advertising,truth-in-advertising,celebrity advertising,and advertising claims about product performance that are not true. 
A)  truth-in-advertising,misleading pricing,bait-and-switch advertising,and stealth advertising. 
B)  advertising of counterfeit brands,stealth advertising,morally objectionable advertising,and truth-in-advertising. 
C)  bait-and-switch advertising,advertising of counterfeit brands,stealth advertising,and morally objectionable advertising. 
D)  truth-in-advertising,misleading price advertising,celebrity advertising,and morally objectionable advertising. 
E)  misleading price advertising,truth-in-advertising,celebrity advertising,and advertising claims about product performance that are not true.

Question 2

What is the difference between "ethics" and "business ethics"?

Accepted Answer

A)  The former refers to beliefs about what is right and wrong,while the latter doesn't deal with right and wrong,but deals only with economic issues. 
B)  The former refers to a restricted range of acceptable behaviours,while the latter refers to a much broader range of acceptable behaviours. 
C)  There are no differences between the two. 
D)  The former refers to beliefs about what is right or wrong,while the latter refers to behaviours by managers or employees. 
E)  None of the statements are accurate. 
A)  The former refers to beliefs about what is right and wrong,while the latter doesn't deal with right and wrong,but deals only with economic issues. 
B)  The former refers to a restricted range of acceptable behaviours,while the latter refers to a much broader range of acceptable behaviours. 
C)  There are no differences between the two. 
D)  The former refers to beliefs about what is right or wrong,while the latter refers to behaviours by managers or employees. 
E)  None of the statements are accurate.

Question 3

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

Accepted Answer

A)  ethical dilemma. 
B)  utility norm. 
C)  illegal situation. 
D)  conflict of interest. 
E)  justice norm. 
A)  ethical dilemma. 
B)  utility norm. 
C)  illegal situation. 
D)  conflict of interest. 
E)  justice norm.

Question 4

What are the four stances an organization can take concerning its obligations to society? Provide a short explanation of the four stances.

Accepted Answer

- obstructionist stance: a company does

Question 5

You are managing a company that either has to cut the dividend or cut 10% of the company's workforce.What do you do? Why?

Accepted Answer

Answers will vary,de

Question 6

Battleford Corp.is in the processes of setting up a system to manage its social responsibility program.What should they do first?

Accepted Answer

A)  A social audit must be conducted.Conduct a social audit. 
B)  The government must identify specific things the company is doing that need to be corrected. 
C)  Make sure that support is evident from top management. 
D)  A director of the firm's social agenda must be appointed. 
E)  A committee of top managers must develop a strategic plan for social responsibility. 
A)  A social audit must be conducted.Conduct a social audit. 
B)  The government must identify specific things the company is doing that need to be corrected. 
C)  Make sure that support is evident from top management. 
D)  A director of the firm's social agenda must be appointed. 
E)  A committee of top managers must develop a strategic plan for social responsibility.

Question 7

________ are gases that trap heat in the atmosphere.

Accepted Answer

A)  Greenhouse emissions 
B)  Byproducts 
C)  Energy supplies 
D)  Acid rain 
E)  Exajoules 
A)  Greenhouse emissions 
B)  Byproducts 
C)  Energy supplies 
D)  Acid rain 
E)  Exajoules

Question 8

The final step in managing a social responsibility program is to

Accepted Answer

A)  conduct a social audit. 
B)  survey the various causes that might be supported. 
C)  select an individual to run the program. 
D)  develop a policy statement outlining the firm's commitment. 
E)  form a committee to develop a detailed plan. 
A)  conduct a social audit. 
B)  survey the various causes that might be supported. 
C)  select an individual to run the program. 
D)  develop a policy statement outlining the firm's commitment. 
E)  form a committee to develop a detailed plan.

Question 9

A conflict of interest occurs when an activity benefits an individual at the expense of the organization.

Accepted Answer

A) True 
 B)False

Question 10

What is the purpose of a social audit?

Accepted Answer

A)  To conduct a systematic analysis of how a firm has used funds that are earmarked for social programs 
B)  To determine the impact of a company's social involvement on the local community 
C)  To determine the specific area of need for a firm's social responsibility actions 
D)  To determine the anticipated costs and benefits of dealing with a social concern 
E)  To audit the social functions the firm puts on for employees 
A)  To conduct a systematic analysis of how a firm has used funds that are earmarked for social programs 
B)  To determine the impact of a company's social involvement on the local community 
C)  To determine the specific area of need for a firm's social responsibility actions 
D)  To determine the anticipated costs and benefits of dealing with a social concern 
E)  To audit the social functions the firm puts on for employees

Question 11

The Personal Information Protection and Electronic Documents Act (PIPEDA)

Accepted Answer

A)  is designed to protect electronic documents from computer hackers. 
B)  requires organizations to obtain consent before they collect,use,or disclose information about individuals. 
C)  has been declared unconstitutional. 
D)  prohibits organizations from using personal information about their employees. 
E)  applies almost exclusively to universities. 
A)  is designed to protect electronic documents from computer hackers. 
B)  requires organizations to obtain consent before they collect,use,or disclose information about individuals. 
C)  has been declared unconstitutional. 
D)  prohibits organizations from using personal information about their employees. 
E)  applies almost exclusively to universities.

Question 12

Identify and explain the four rights of consumers.How did these rights originate? What can business firms do to deal with these rights?

Accepted Answer

Four rights of consumers are:
 - right t

Question 13

Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

Accepted Answer

A)  tend to be employees who have just come to work for the firm. 
B)  are promoted by top management as a reward for pointing out activities that might hurt the company. 
C)  tend to be younger than other employees and would like to be promoted. 
D)  often find themselves demoted or even fired for blowing the whistle on the company. 
E)  are hired away by other firms because of their high ethical values. 
A)  tend to be employees who have just come to work for the firm. 
B)  are promoted by top management as a reward for pointing out activities that might hurt the company. 
C)  tend to be younger than other employees and would like to be promoted. 
D)  often find themselves demoted or even fired for blowing the whistle on the company. 
E)  are hired away by other firms because of their high ethical values.

Question 14

The recent surge of products being called "light" led to an investigation by government agencies.This illustrates concerns about which of the basic consumer rights?

Accepted Answer

A)  Right to good prices 
B)  Right to choose what they buy 
C)  Right to safe products 
D)  Right to be informed 
E)  Right to be heard 
A)  Right to good prices 
B)  Right to choose what they buy 
C)  Right to safe products 
D)  Right to be informed 
E)  Right to be heard

Question 15

Social responsibility refers to a business's obligation to make decisions that benefit employees.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is the best means of showing responsibility toward employees?

Accepted Answer

A)  Provide employees with equal opportunities without regard to race,sex,or other irrelevant factors 
B)  Provide rewards for employees who go beyond the call of duty 
C)  Provide a stock ownership plan for employees 
D)  Provide a grievance system for employees 
E)  Recruit employees from minority groups 
A)  Provide employees with equal opportunities without regard to race,sex,or other irrelevant factors 
B)  Provide rewards for employees who go beyond the call of duty 
C)  Provide a stock ownership plan for employees 
D)  Provide a grievance system for employees 
E)  Recruit employees from minority groups

Question 17

Applying the ethical standard of utility,it may be acceptable to allow inflated expense reports.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following social responsibility strategies is used by the Trillium Foundation,which requests proposals from charity organizations who require financial support?

Accepted Answer

A)  Reactive 
B)  Adaptive 
C)  Proactive 
D)  Accommodative 
E)  Obstructionist 
A)  Reactive 
B)  Adaptive 
C)  Proactive 
D)  Accommodative 
E)  Obstructionist

Question 19

What are carbon credits?

Accepted Answer

A)  Credits given to countries that produce more oil than they consume 
B)  Credits given to countries that install the most pollution equipment per capita 
C)  Credits that are purchased by countries that give them the right to pollute the atmosphere 
D)  Credits that are purchased by countries after they have been found guilty of polluting the atmosphere 
E)  Credits that are given to countries for producing the carbon that is needed to make oil 
A)  Credits given to countries that produce more oil than they consume 
B)  Credits given to countries that install the most pollution equipment per capita 
C)  Credits that are purchased by countries that give them the right to pollute the atmosphere 
D)  Credits that are purchased by countries after they have been found guilty of polluting the atmosphere 
E)  Credits that are given to countries for producing the carbon that is needed to make oil

Question 20

The second 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)  gather the relevant factual information. 
B)  determine the implications of breaching the activity or policy. 
C)  determine the most appropriate moral values. 
D)  make an ethical judgment based on the rightness or wrongness of the proposed activity or policy. 
E)  determine how much the decision will cost if it is wrong. 
A)  gather the relevant factual information. 
B)  determine the implications of breaching the activity or policy. 
C)  determine the most appropriate moral values. 
D)  make an ethical judgment based on the rightness or wrongness of the proposed activity or policy. 
E)  determine how much the decision will cost if it is wrong.

There are four areas of concern regarding ethics in advertising.They are

What is the difference between "ethics" and "business ethics"?

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

What are the four stances an organization can take concerning its obligations to society? Provide a short explanation of the four stances.

You are managing a company that either has to cut the dividend or cut 10% of the company's workforce.What do you do? Why?

Battleford Corp.is in the processes of setting up a system to manage its social responsibility program.What should they do first?

________ are gases that trap heat in the atmosphere.

The final step in managing a social responsibility program is to

A conflict of interest occurs when an activity benefits an individual at the expense of the organization.

What is the purpose of a social audit?

The Personal Information Protection and Electronic Documents Act (PIPEDA)

Identify and explain the four rights of consumers.How did these rights originate? What can business firms do to deal with these rights?

Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

The recent surge of products being called "light" led to an investigation by government agencies.This illustrates concerns about which of the basic consumer rights?

Social responsibility refers to a business's obligation to make decisions that benefit employees.

Which of the following is the best means of showing responsibility toward employees?

Applying the ethical standard of utility,it may be acceptable to allow inflated expense reports.

Which of the following social responsibility strategies is used by the Trillium Foundation,which requests proposals from charity organizations who require financial support?

What are carbon credits?

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

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

There are four areas of concern regarding ethics in advertising.They are

What is the difference between "ethics" and "business ethics"?

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

What are the four stances an organization can take concerning its obligations to society? Provide a short explanation of the four stances.

You are managing a company that either has to cut the dividend or cut 10% of the company's workforce.What do you do? Why?

Battleford Corp.is in the processes of setting up a system to manage its social responsibility program.What should they do first?

________ are gases that trap heat in the atmosphere.

The final step in managing a social responsibility program is to

A conflict of interest occurs when an activity benefits an individual at the expense of the organization.

What is the purpose of a social audit?

The Personal Information Protection and Electronic Documents Act (PIPEDA)

Identify and explain the four rights of consumers.How did these rights originate? What can business firms do to deal with these rights?

Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

The recent surge of products being called "light" led to an investigation by government agencies.This illustrates concerns about which of the basic consumer rights?

Social responsibility refers to a business's obligation to make decisions that benefit employees.

Which of the following is the best means of showing responsibility toward employees?

Applying the ethical standard of utility,it may be acceptable to allow inflated expense reports.

Which of the following social responsibility strategies is used by the Trillium Foundation,which requests proposals from charity organizations who require financial support?

What are carbon credits?

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

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