Exam 3: Ethics and Social Responsibility

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When you agree to work for a company, you're saying that you agree with its mission and ethics.

(True/False)
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Companies must uphold their moral and ethical obligations to consumers above their need to respond to investors.

(True/False)
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The environmental and social concerns of the Amazon Basin would be taken into consideration when a socially responsible U.S. manufacturer of furniture is making the decision about whether to purchase wood from that region.

(True/False)
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What other types of organizations, in addition to businesses, need to be concerned about ethics?

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A toy company regularly donates some of its profits to charitable organizations. This company is exercising ________.

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What are some ethical issues that Wal-Mart should consider when opening a new store?

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Living ethically can provide all of the following benefits EXCEPT ________.

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Which of the following is NOT a benefit of corporate social responsibility?

(Multiple Choice)
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Jeffrey Wigand is a vice president of a tobacco company who revealed that his company was deliberately manipulating the effect of the nicotine in its cigarettes to promote addiction. What term best describes him?

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Tools like the Hogan Personal Inventory assess a job candidate in areas such as ________.

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A common strategy for companies recovering from scandals is to replace the CEO with someone who is regarded as trustworthy and ethical by the public.

(True/False)
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When a business implements a strong corporate social responsibility plan, it will MOST likely ________.

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Companies with a strong sense of corporate social responsibility are obligated to understand the work structure of their suppliers.

(True/False)
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Which of the following is NOT a way for a company to reduce its environmental footprint?

(Multiple Choice)
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As a consequence of The Bill and Melinda Gates Foundation work to upgrade public access to technology, Microsoft's leadership has demonstrated its high regard for CSR.

(True/False)
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The primary mission of most corporations is ________.

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If a company violates a law unknowingly there are usually reduced penalties, particularly if it occurs as a result of a lapse in understanding of the ethical principles involved.

(True/False)
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