Exam 2: Business Ethics and Social Responsibility

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External groups often conduct their own evaluations of businesses,but firms typically ignore these reports in favour of internal evaluations.

(True/False)
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A strategy that emphasizes a firm's commitment to environmentally friendly products and production is _____.

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Although social responsibility in a business is commendable,most companies are not judged by their interactions within the community.

(True/False)
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A strategy that promotes environmentally friendly products and production methods is called ________.

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What are the objectives of the consumerism movement?

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Many electric products contain toxins such as lead and mercury and are difficult to reuse or recycle.

(True/False)
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A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n)_____.

(Multiple Choice)
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Walmart's survey of its suppliers about their sustainability practices was a first step in developing a "sustainability index".

(True/False)
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On-the-job ethical dilemmas are very rare but can be quite significant.

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If companies provide a code of conduct and ethical training,there is no need to hire a compliance officer or to provide an anonymous employee hotline to report unethical behaviour they have witnessed.

(True/False)
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How could loyalty versus truth create an ethical dilemma for a businessperson?

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The foundation of an ethical climate is

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In addition to financial assessments,Dominic has arranged for his company to conduct a(n)________ to evaluate activities that relate to social issues,such as employment practices,environmental protection,and philanthropy.

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The legal requirements of the Sarbanes-Oxley Act vary from state to state.

(True/False)
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Some companies measure social performance by conducting a(n)_____ that identifies and evaluates the company's activities that relate to social issues.

(Multiple Choice)
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Ethical __________ charges each employee personally to uphold the company's core values and be willing to base their actions on them.

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It is not always easy to distinguish between right and wrong in many business situations.

(True/False)
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A code of conduct is a formal document that identifies and evaluates all company activities related to social issues,such as conservation,employment practices,environmental protection,and philanthropy.

(True/False)
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Which of the following can improve ethical reasoning in a company?

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Corporate philanthropy is the notion that businesses should give back to the communities where they earn their profits.

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