Exam 3: Business Ethics and Social Responsibility

Is CSR reporting necessary for the companies? Why?

Leaders of organizations may not fully consider ethics in their decisions which may cause unethical behaviour.

Decisions between laws and morals are called ethical dilemmas.

Social disclosure is another term for CSR reporting.

If managers and employees do not have any ethical awareness, they will have challenges in making ethical decisions.

What is the difference between business ethics and social responsibility?

The ____ and social responsibilities build bridges between businesses and their stakeholders/communities.

What are the reasons for unethical behaviours?

All firms should consider CSR practices because businesses should do their fair share to help others.

Which of the following are reasons for unethical behavior in the H&T industry?

Managers should prioritize consideration ethical tests in hiring and promotion processes.

Businesses in the H&T industry should pay closer attention to business ethics and social responsibility issues.

Which of these is not a required responsibility in the H&T industry?

In what ways to H&T industry organizations implement CSR?

How far business ethics should influence a H&T business' strategies and why?

Ethical issues may arise when _____.

Social responsibility as a broader concept deals with how the businesses' operations and activities influence society.

Many firms may think that social problems are the responsibility of government agencies and officials, who can be held accountable by voters.