Question 1

What will a social audit reveal?

Accepted Answer

A social audit will confirm th

Question 2

The ________ was passed in 2002 in response to a number of highly publicized accounting scandals.

Accepted Answer

A)  Sarbanes-Oxley Act 
B)  McCain-Feingold Act 
C)  Securities and Exchange Act 
D)  Accounting Standards Act 
A)  Sarbanes-Oxley Act 
B)  McCain-Feingold Act 
C)  Securities and Exchange Act 
D)  Accounting Standards Act

Question 3

Top managers demonstrate commitment to ethical business practices with ________.

Accepted Answer

A)  the adoption of written codes of ethics 
B)  employee empowerment 
C)  decentralized decision making practices 
D)  collusion with other companies 
A)  the adoption of written codes of ethics 
B)  employee empowerment 
C)  decentralized decision making practices 
D)  collusion with other companies

Question 4

A firm's customers,competitors,stockholders,suppliers,dealers,and unions are considered ________.

Accepted Answer

A)  fiduciaries 
B)  investors 
C)  sphere of influence 
D)  primary agents of interest 
A)  fiduciaries 
B)  investors 
C)  sphere of influence 
D)  primary agents of interest

Question 5

The systematic analysis of an organization's success in using funds earmarked for its social responsibility goals is called a ________.

Accepted Answer

A)  governmental mandate 
B)  community activist approach 
C)  social audit 
D)  government initiative 
A)  governmental mandate 
B)  community activist approach 
C)  social audit 
D)  government initiative

Question 6

What is collusion?

Accepted Answer

Collusion occurs when two or m

Question 7

Short Case Scenario 2-1
MKD Transportation owns and 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. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup.
-Managers at MKD claim to exercise ethical behavior toward their employees.What matters might this behavior cover?

Accepted Answer

This behavior covers such matt

Question 8

Short Case Scenario 2-1
MKD Transportation owns and 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. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup.
-If MKD implements a formal social responsibility program,to what extent will top management be involved?

Accepted Answer

To be successful,top

Question 9

Unethical behavior complies with individual beliefs and social norms about what's right and good.

Accepted Answer

A) True 
 B)False

Question 10

Short Case Scenario 2-1
MKD Transportation owns and 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. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup.
-Will MKD be able to greenwash their company after this?

Accepted Answer

If they clear up the environme

Question 11

Price gouging occurs when a company sells products below cost.

Accepted Answer

A) True 
 B)False

Question 12

How can a firm demonstrate social responsibility to its customers?

Accepted Answer

Businesses that demonstrate social respo

Question 13

A behavior that does not conform to accepted beliefs and social norms is defined as ________.

Accepted Answer

A)  ethical behavior 
B)  unethical behavior 
C)  irresponsibility 
D)  business ethics 
A)  ethical behavior 
B)  unethical behavior 
C)  irresponsibility 
D)  business ethics

Question 14

Which statement is false?

Accepted Answer

A)  Fewer and fewer companies are adopting codes of ethics. 
B)  More and more companies are adopting codes of ethics. 
C)  Some ethical responses can be learned through experience. 
D)  Social responsibility involves providing quality products and pricing products fairly. 
A)  Fewer and fewer companies are adopting codes of ethics. 
B)  More and more companies are adopting codes of ethics. 
C)  Some ethical responses can be learned through experience. 
D)  Social responsibility involves providing quality products and pricing products fairly.

Question 15

Name the four most common approaches to social responsibility.

Accepted Answer

Companies can take an obstructionist,def

Question 16

A social audit is

Accepted Answer

A)  an examination of a company's financial records to determine their conformance with GAAP. 
B)  a program to promote consumer activism. 
C)  an analysis by the government of a company's compliance with employment laws. 
D)  a systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals. 
A)  an examination of a company's financial records to determine their conformance with GAAP. 
B)  a program to promote consumer activism. 
C)  an analysis by the government of a company's compliance with employment laws. 
D)  a systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals.

Question 17

Which stance do tobacco companies usually take in their marketing efforts?

Accepted Answer

A)  accommodative 
B)  defensive 
C)  proactive 
D)  obstructionist 
A)  accommodative 
B)  defensive 
C)  proactive 
D)  obstructionist

Question 18

The economic turmoil of the ________ led to new laws that described an expanded role for businesses in protecting and enhancing the general welfare of society.

Accepted Answer

A)  Great Depression 
B)  Middle Ages 
C)  Era of Social Activism 
D)  Entrepreneurial Era 
A)  Great Depression 
B)  Middle Ages 
C)  Era of Social Activism 
D)  Entrepreneurial Era

Question 19

How can companies promote ethical behavior?

Accepted Answer

The single most effective step that a co

Question 20

A manager who discriminates against African Americans in hiring exhibits both unethical and illegal behavior.

Accepted Answer

A) True 
 B)False

What will a social audit reveal?

The ________ was passed in 2002 in response to a number of highly publicized accounting scandals.

Top managers demonstrate commitment to ethical business practices with ________.

A firm's customers,competitors,stockholders,suppliers,dealers,and unions are considered ________.

The systematic analysis of an organization's success in using funds earmarked for its social responsibility goals is called a ________.

What is collusion?

Unethical behavior complies with individual beliefs and social norms about what's right and good.

Price gouging occurs when a company sells products below cost.

How can a firm demonstrate social responsibility to its customers?

A behavior that does not conform to accepted beliefs and social norms is defined as ________.

Which statement is false?

Name the four most common approaches to social responsibility.

A social audit is

Which stance do tobacco companies usually take in their marketing efforts?

The economic turmoil of the ________ led to new laws that described an expanded role for businesses in protecting and enhancing the general welfare of society.

How can companies promote ethical behavior?

A manager who discriminates against African Americans in hiring exhibits both unethical and illegal behavior.

The U.S.Business Environment

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters

Exam 2: Business Ethics and Social Responsibility

What will a social audit reveal?

The ________ was passed in 2002 in response to a number of highly publicized accounting scandals.

Top managers demonstrate commitment to ethical business practices with ________.

A firm's customers,competitors,stockholders,suppliers,dealers,and unions are considered ________.

The systematic analysis of an organization's success in using funds earmarked for its social responsibility goals is called a ________.

What is collusion?

Unethical behavior complies with individual beliefs and social norms about what's right and good.

Price gouging occurs when a company sells products below cost.

How can a firm demonstrate social responsibility to its customers?

A behavior that does not conform to accepted beliefs and social norms is defined as ________.

Which statement is false?

Name the four most common approaches to social responsibility.

A social audit is

Which stance do tobacco companies usually take in their marketing efforts?

The economic turmoil of the ________ led to new laws that described an expanded role for businesses in protecting and enhancing the general welfare of society.

How can companies promote ethical behavior?

A manager who discriminates against African Americans in hiring exhibits both unethical and illegal behavior.

The U.S.Business Environment

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters