Question 1

Owners of small business firms face the same type of social concerns as larger firms, but
with more demands on the owner.
on a smaller scale.
with more regulation.
with less regulation.
with more complexity.

Accepted Answer

The answer of Owners of small business firms face the...

Question 2

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.

Accepted Answer

A) True 
 B)False

Question 3

Mandex corporation usually covers up mistakes made by its employees rather than fixing them. This company is taking a(n) ________ approach to social responsibility.
accommodative
social audit
proactive
defensive
obstructionist

Accepted Answer

The answer of Mandex corporation usually covers up mistakes made...

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Sam is applying the three-step model to help him decide whether a particular business decision is ethical or unethical. What should he do first?
Reflect on his own ethical standards as background for the decision
Gather the relevant factual information
Consult with his boss about the situation
Make an ethical judgment about the rightness or wrongness of the situation
Determine the most appropriate moral values

Accepted Answer

The answer of Sam is applying the three-step model to...

Question 6

Marilyn has decided to use the three-step model to decide whether a particular business decision is ethical or unethical. What is the third step in the process?
Reflect on her own ethical standards as background for the decision
Gather the relevant factual information
Consult with her boss about the situation
Make an ethical judgment about the rightness or wrongness of the situation
Determine the most appropriate moral values

Accepted Answer

The answer of Marilyn has decided to use the three-step...

Question 7

Executives at MKD Transportation have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize. If MKD adopts a defensive stance, how will the company respond to this situation?

Accepted Answer

The answer of Executives at MKD Transportation have just been...

Question 8

Identify four issues of ethics in advertising.

Accepted Answer

The answer of Identify four issues of ethics in advertising....

Question 9

What is the difference between illegal behaviour and unethical behaviour?
What is illegal varies from country to country, but what is unethical does not.
Illegal behaviour is that which breaks a country's laws, but unethical behaviour may not break any laws.
It is not possible to say what the difference is between illegal and unethical behavior.
Illegal behaviour covers a broader range of issues than unethical behavior.
There is no real difference between illegal and unethical behavior.

Accepted Answer

The answer of What is the difference between illegal behaviour...

Question 10

List five general categories of organizational stakeholders.

Accepted Answer

The answer of List five general categories of organizational stakeholders....

Question 11

To show the company's desire for employee ethical behaviour, many business firms have established
an ethical review board.
an office of ethical affairs.
a whistleblower reward system.
random ethical audits.
codes of conduct.

Accepted Answer

The answer of To show the company's desire for employee...

Question 12

A social audit focuses on pursuing activities that meet a company's current needs, but which will not put future generations at a disadvantage when they attempt to meet their needs.

Accepted Answer

A) True 
 B)False

Question 13

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 14

What is triple bottom line reporting?

Accepted Answer

The answer of What is triple bottom line reporting?...

Question 15

Identify two examples of unethical practices in advertising.

Accepted Answer

The answer of Identify two examples of unethical practices in...

Question 16

Organizational stakeholders can best be defined as
competitors.
individuals and businesses that own stock in a company.
government regulators who oversee an industry.
the officers and key employees of an organization.
individuals and groups that are directly affected by the practices of an organization.

Accepted Answer

The answer of Organizational stakeholders can best be defined as
competitors.
individuals...

Question 17

MKD Transportation operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize, but the captain of the ship in question has not notified the company of any problem. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. Managers at MKD claim to treat their employees in an ethical fashion. What matters might this behavior cover?

Accepted Answer

The answer of MKD Transportation operates a fleet of container...

Question 18

The fair trade movement has as its main goal the improvement of working conditions for factory workers in developing countries.

Accepted Answer

A) True 
 B)False

Question 19

The three general factors have been identified as important in causing individuals to behave in unethical ways are pressure, opportunity, and rationalization.

Accepted Answer

A) True 
 B)False

Question 20

A major concern for the small business owner is whether he or she can afford to have a social agenda.

Accepted Answer

A) True 
 B)False

Exam 3: Conducting Business Ethically and Responsibly

Owners of small business firms face the same type of social concerns as larger firms, but with more demands on the owner. on a smaller scale. with more regulation. with less regulation. with more complexity.

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.

Mandex corporation usually covers up mistakes made by its employees rather than fixing them. This company is taking a(n) ________ approach to social responsibility. accommodative social audit proactive defensive obstructionist

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

Executives at MKD Transportation have just been contacted by the media with a report that one of their ships is leaking an oily substance off the coast of Belize. If MKD adopts a defensive stance, how will the company respond to this situation?

Identify four issues of ethics in advertising.

List five general categories of organizational stakeholders.

To show the company's desire for employee ethical behaviour, many business firms have established an ethical review board. an office of ethical affairs. a whistleblower reward system. random ethical audits. codes of conduct.

A social audit focuses on pursuing activities that meet a company's current needs, but which will not put future generations at a disadvantage when they attempt to meet their needs.

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

What is triple bottom line reporting?

Identify two examples of unethical practices in advertising.

The fair trade movement has as its main goal the improvement of working conditions for factory workers in developing countries.

The three general factors have been identified as important in causing individuals to behave in unethical ways are pressure, opportunity, and rationalization.

A major concern for the small business owner is whether he or she can afford to have a social agenda.