Exam 2: Business Ethics and Social Responsibility

Which of the following is not an example of unethical or illegal acts in the workplace?

Development of a corporate culture to support business ethics occurs on each of the following levels EXCEPT ethical ________.

Harold knows of a defect in a product his company sells.He will disclose the defect but only if the customer specifically asks about it.Harold's ________ could be called into question.

A situation where a business decision may be influenced by the potential for personal gain is a(n)_____.

Investors are generally unconcerned with whether a company is behaving ethically;instead,they only focus on whether or not it is making a profit.

All publicly traded companies consistently set and meet high ethical standards.

Mike was a foreman at Hi-Way Construction and discovered his company was deliberately using faulty materials for a project.Although Mike was worried about his family's financial security if he lost his job,he went to authorities and informed them of the potentially dangerous construction.Mike's action is called ________.

Why do investors expect a firm to act ethically and exhibit social responsibility?

Lauren complained to her employer about a sexually explicit calendar hanging on her coworker's wall.Her employer must ask the coworker to remove the calendar in order to avoid a claim of sexual harassment.

Reprocessing used materials so that they can be reused is known as ________.

Your supervisor asks you to conceal information from outside auditors examining the Company's financial records.What is your ethical challenge?

A code of conduct is part of the ethical awareness stage of ethical development.

Conflicts of interest can be handled ethically by

If a product or package can biodegrade,generating a relatively homogenous and stable humus-like substance,the Competition Bureau of Canada would consider the product to be

All of the following are examples of corporate philanthropy EXCEPT ________.

A conflict of interest exists when a person is faced with a decision in which an action will harm one individual or group while benefiting another.

Some people engage in activities that are contrary to their personal and moral values because they feel pressured by their jobs.

Bill 198 of 2003 is the Canadian version of the Sarbanes-Oxley Act of 2002.

Companies who fail to follow high ethical standards often see their stock prices drop.

Loyal employees would never be whistle-blowers.