Exam 3: Conducting Business Ethically and Responsibly

Making a company into a truly socially responsible firm requires that a top-level manager personally direct the planning and implementation of this program,just as if he or she were introducing a new product.

Bristol Corp.plans to introduce an inexpensive line of shoes to the Canadian market.It has found a manufacturer in Asia that can produce the shoes at a cost that will be cheaper than other brands of the same quality.Which of the following is a potential ethical implication that the company should consider before beginning production?

A survey of 93 large Canadian companies found that ____ percent made a charitable contribution of some sort,and that the median value of their contributions was $________.

Owners of small business firms face the same type of social concerns as do larger firms,but

How may a business firm show that it is socially responsible in dealing with its employees? Explain your response.

There is currently a strong consensus that global warming is happening and that it is being caused largely by human activity.

Ethical behaviour is determined

Peter,the president of a small company,wants his employees to be aware that they should act ethically.Which of the following has proven to be an effective method of improving ethical behaviour in a business firm?

Triple bottom line reporting means measuring the financial,marketing,and production performance of a company.

Cheque kiting is unethical but not illegal.

Is downloading music that you have not paid for ethical or unethical? Is it illegal or legal? Why?

Which term refers to the conversion of waste materials into useful products?

The obstructionist stance to a firm's social responsibilities states that a firm should wait until asked to participate and then respond a bit above the minimum legal requirement.

Many times individuals face situations that may compromise their ethical positions.How should a person cope with situational factors for which there are ethical conflicts?

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment,including customers,other businesses,employees,and investors.

You are managing a company that is being asked to pay a bribe.If you do not pay the bribe you will have to lay off 500 people and risk a chance of going out of business.What do you do and why?

Arctic Glacier Inc.,a Canadian company,was one of several companies served with subpoenas by the U.S.government as it investigated possible _________.

In a socially responsible company,whistle-blowers can report their findings to higher level managers without fear of retaliation by other members of the organization.

When Exeter Corp.,a food company,lists the ingredients that make up their products,which consumer right is the company addressing?

After a hurricane hit Halifax a few years ago,local retailers increased the price of milk and gas by 50% in one day,even though all other stores in the province did not increase prices.These retailers were using