Exam 3: Conducting Business Ethically and Responsibly

Which of the following illustrates consumers' rights to safe products?

Which of the following illustrates the defensive stance to social responsibility?

What constitutes ethical and unethical behaviour is determined partly by the individual and partly by culture.

Managers at Lion Brand Oatmeal are touting the benefit of aligning the company with a national nonprofit organization like the Canadian Heart Association,but the CEO is opposed to the idea.Which of the following statements would support the CEO's position?

What is ethical behaviour?

Give examples of the types of actions a business can take to meet its social responsibilities.

Which of the following statements is correct with regard to the conflict of interest idea in business?

What are carbon credits?

Governments and businesses have to face the problem of dealing with toxic material.What is the biggest land pollution problem they face in dealing with toxic materials?

When Sony Ericsson hired models to pose as "tourists" who asked real tourists if they would take their picture with Sony's new camera cellphone,this was an example of

Stealth advertising is unethical and illegal.

Because it was the initial year of production,only 3000 units of a new model car were built.Some auto dealers got together and agreed that they would sell the cars only if the customer was willing to pay several thousand dollars over the sticker price.This is an example of

What is insider trading?

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

Exxon's response to the Valdez oil spill in Alaska some years ago has been criticized on several fronts.Some say the company waited too long to respond,and that when the response came it was very weak.But Exxon points out that they cleaned up the spill and that they have gone out of their way to bring the area back to conditions that existed before the spill.This stance to social responsibility would best be classified as

The illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been drawn is called

Sam has noticed that the safety mechanism on the piece of equipment that he operates is not working.After repeatedly telling management about the defect but getting no response,he decides to report it to the provincial agency responsible for workplace safety.This is an example of

Insider trading occurs when someone uses confidential information to gain from the purchase or sale of stocks.

Brantford Corp.has decided to commit to an active social responsibility program.Top management has already developed and published a policy statement outlining the company's commitment.What does Brantford need to do next?

The _________ stance to social responsibility means that a business firm goes beyond the bare minimum expectations of the law if asked.