Exam 2: Business Ethics and Social Responsibility

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In today's business environment,who can make the difference in ethical expectations and behaviour?

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Explain how technology has impacted business ethics.Provide a specific example.

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The __________ defines the standards for safety and advertising to be followed by makers of drugs,cosmetics and therapeutic devices

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A social audit is used to measure a company's social responsibility performance.

(True/False)
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The public demand that a business consider the wants and needs of its customers when making decisions is referred to as ______________.

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An employee who "goes public" with evidence of improper actions by his or her employer is known as a whistle-blower.

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The Sarbanes-Oxley Act requires that each member of a firm's Board of Directors certify the truthfulness of financial statements.

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An advertising agency representing two companies that compete with one another has an obvious conflict of interest.

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Which of the following statements is correct?

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On average,women with a college degree earn less money than men with a college degree.This is an example of:

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When management considers social and economic issues in decision making,the company is practicing ________.

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The standards of conduct and moral values governing actions and decisions in the work environment are _____.

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Timberland Company allows its employees to take paid six-month sabbatical leaves to work for nonprofit organizations.This is an example of ____________.

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Sofia is an investment advisor and wants to recommend a stock she happens to own.How should Sofia best deal with this potential conflict of interest?

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Which of the following would be LEAST likely to be a factor in evaluating a firm's social performance?

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A formal procedure that identifies and evaluates all company activities relating to social issues is known as a(n)________.

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Why is ethical leadership so important?

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The sales manager decides to double each salesperson's monthly quota.What impact is this action likely to have on the company's ethical climate?

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Embellishing your résumé shows a lack of ______ and ______.

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The development of a corporate culture to support business ethics happens on four levels.Explain each of the four levels.

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