Exam 2: Business Ethics and Social Responsibility

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Social audits are informal business surveys that report customer satisfaction with a company's products.

(True/False)
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Which act requires that all ingredients be listed on product labels so consumers are fully informed?

(Multiple Choice)
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Individual employees have a major influence over ethical expectations and behaviour.

(True/False)
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Starbucks' effort to go green with recyclable cups is an example of social responsibility.

(True/False)
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Management's acceptance of the obligation to consider profit,consumer satisfaction,and societal well-being of equal value in evaluating the firm's performance is _____.

(Multiple Choice)
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Consumerism is the concept that business must give consideration to employee wants and needs.

(True/False)
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The _______ prohibits age discrimination except in very specific cases

(Multiple Choice)
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Businesses must find a balance between doing what is right and doing what is profitable.

(True/False)
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During the Olympics,several Nike ads were aired that demonstrated the company's sponsorship of various events.Nike was using ________ to align their marketing efforts with charitable giving.

(Multiple Choice)
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_____ refers to the responsibility of manufacturers for injuries and damages caused by their goods.

(Multiple Choice)
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What are business ethics and why are they important?

(Essay)
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Many ethical dilemmas involve gray areas that may require individuals to sort through several courses of actions,each with its own set of consequences.

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.What is "whistleblowing"? How are whistle-blowers protected in Canada?

(Essay)
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Organizations wishing to prosper cannot do so without considering business ethics.

(True/False)
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Social responsibility is management's acceptance of the obligation to consider societal well-being and consumer satisfaction as being equally important as profit when evaluating the firm's performance.

(True/False)
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One goal of consumerism is for consumers to have access to enough education and production information to make responsible purchase decisions.

(True/False)
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The gap between what workers with college degrees earn and what those with high school degrees earn has decreased in recent years.

(True/False)
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Companies that adhere to high ethical standards ________.

(Multiple Choice)
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Environmental issues have become more important concerns of the public in recent years.

(True/False)
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Subway's use of Jared Fogle was in response to which one of the following business social responsibilities?

(Multiple Choice)
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