Question 1

Which of the following is an example of philanthropy?

Accepted Answer

A)  An IT company donates money to an orphanage without expecting any business benefits. 
B)  A niche gourmet retail store holds free-for-all bakery classes by celebrity chefs in its store. 
C)  A bookstore arranges free-for-all book readings and autograph sessions with authors of newly published books in stores. 
D)  A sporting goods retail store holds a sports competition in the neighborhood community center to generate interest in athletics. 
E)  A pharmaceutical company sponsors a blood donation camp, where it also advertises some of its products. 
A)  An IT company donates money to an orphanage without expecting any business benefits. 
B)  A niche gourmet retail store holds free-for-all bakery classes by celebrity chefs in its store. 
C)  A bookstore arranges free-for-all book readings and autograph sessions with authors of newly published books in stores. 
D)  A sporting goods retail store holds a sports competition in the neighborhood community center to generate interest in athletics. 
E)  A pharmaceutical company sponsors a blood donation camp, where it also advertises some of its products.

Question 2

Which of the following federal legislations limits cardholder liability for unauthorized use?

Accepted Answer

A)  Magnuson-Moss Warranty Act (1975) 
B)  Fair Credit Reporting Act (1970) 
C)  Truth in Lending Act (Consumer Protection Credit Act) (1968) 
D)  Deceptive Mail Prevention and Enforcement Act (1999) 
E)  Fair Packaging and Labeling Act (1966, 1972) 
A)  Magnuson-Moss Warranty Act (1975) 
B)  Fair Credit Reporting Act (1970) 
C)  Truth in Lending Act (Consumer Protection Credit Act) (1968) 
D)  Deceptive Mail Prevention and Enforcement Act (1999) 
E)  Fair Packaging and Labeling Act (1966, 1972)

Question 3

Compare and contrast philanthropy and strategic CSR.

Accepted Answer

Philanthropy involves donating money,emp

Question 4

Mark hacks into the database of an e-commerce firm and steals the social security numbers of many of its customers.He then uses these numbers to take loans.This is an example of ________.

Accepted Answer

A)  phishing 
B)  identity theft 
C)  spamming 
D)  brandjacking 
E)  cybersquatting 
A)  phishing 
B)  identity theft 
C)  spamming 
D)  brandjacking 
E)  cybersquatting

Question 5

Whistle-blowing is illegal.

Accepted Answer

A) True 
 B)False

Question 6

A situation in which you must choose between two conflicting but arguably valid alternatives would be known as a(n)________.

Accepted Answer

A)  insider trading 
B)  ethical lapse 
C)  corporate opportunity 
D)  ethical dilemma 
E)  conflict of interest 
A)  insider trading 
B)  ethical lapse 
C)  corporate opportunity 
D)  ethical dilemma 
E)  conflict of interest

Question 7

Corporate social responsibility (CSR)embodies the concept that a business has obligations to society beyond the pursuit of profit.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements is TRUE regarding whistle-blowing?

Accepted Answer

A)  Whistle-blowing is the normal channel through which employees can address issues involving unethical or illegal behavior within their companies. 
B)  Whistle-blowing refers to the use of unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market. 
C)  Whistle-blowing occurs when employees share confidential company information with external agents for personal gain. 
D)  The federal and state laws governing whistle-blowing are simple and clear, so they are easy for employees and employers to understand. 
E)  Although whistle-blowing is sometimes characterized as "ratting on" colleagues or managers, it has an essential function. 
A)  Whistle-blowing is the normal channel through which employees can address issues involving unethical or illegal behavior within their companies. 
B)  Whistle-blowing refers to the use of unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market. 
C)  Whistle-blowing occurs when employees share confidential company information with external agents for personal gain. 
D)  The federal and state laws governing whistle-blowing are simple and clear, so they are easy for employees and employers to understand. 
E)  Although whistle-blowing is sometimes characterized as "ratting on" colleagues or managers, it has an essential function.

Question 9

What is ethics? List the components of good business ethics?

Accepted Answer

Ethics are the principles and standards

Question 10

A company that takes positive steps to address a particular issue,but only because it has been embarrassed into action by negative publicity,has a ________ CSR.

Accepted Answer

A)  minimalist 
B)  defensive 
C)  strategic 
D)  proactive 
E)  cynical 
A)  minimalist 
B)  defensive 
C)  strategic 
D)  proactive 
E)  cynical

Question 11

Which of the following is an example of insider trading?

Accepted Answer

A)  The marketing manager of a company is accused of using company resources for personal use. 
B)  An executive receives a compensation comprising of cash, paid expenses, and shares of the company. 
C)  An employee hacks the firm's computer networks, systems, and databases to obtain customer records so that he can sell the information to rival firms. 
D)  The chief executive officer of an IT company purchases shares in the company as he learns that the company is being taken over by a leading, global IT firm. 
E)  A firm disseminates fraudulent information in chat rooms, forums, Internet boards, and via email, with the purpose of causing a dramatic price increase in thinly traded stocks of the company. 
A)  The marketing manager of a company is accused of using company resources for personal use. 
B)  An executive receives a compensation comprising of cash, paid expenses, and shares of the company. 
C)  An employee hacks the firm's computer networks, systems, and databases to obtain customer records so that he can sell the information to rival firms. 
D)  The chief executive officer of an IT company purchases shares in the company as he learns that the company is being taken over by a leading, global IT firm. 
E)  A firm disseminates fraudulent information in chat rooms, forums, Internet boards, and via email, with the purpose of causing a dramatic price increase in thinly traded stocks of the company.

Question 12

Which of the following is an example of whistle-blowing?

Accepted Answer

A)  An employee discloses confidential information about the company to a rival firm for personal gain. 
B)  An employee suggests some process changes to his manager that he claims will increase the productivity of the team. 
C)  An employee avoids taking ownership of his mistakes by blaming it on his co-workers. 
D)  An employee informs the manager that some of his team members are misusing confidential customer details from the company database. 
E)  An employee who is unsatisfied with his performance appraisal requests his manager for a re-evaluation of his performance. 
A)  An employee discloses confidential information about the company to a rival firm for personal gain. 
B)  An employee suggests some process changes to his manager that he claims will increase the productivity of the team. 
C)  An employee avoids taking ownership of his mistakes by blaming it on his co-workers. 
D)  An employee informs the manager that some of his team members are misusing confidential customer details from the company database. 
E)  An employee who is unsatisfied with his performance appraisal requests his manager for a re-evaluation of his performance.

Question 13

Unlike general philanthropy,strategic CSR ________.

Accepted Answer

A)  promotes an antagonistic business-versus-society mindset 
B)  leads to weakening of both the business and the society 
C)  refers to CSR activities that are mandatory according to law 
D)  is aimed at specific sections of the society that have been historically discriminated against 
E)  is more likely to be sustained over time 
A)  promotes an antagonistic business-versus-society mindset 
B)  leads to weakening of both the business and the society 
C)  refers to CSR activities that are mandatory according to law 
D)  is aimed at specific sections of the society that have been historically discriminated against 
E)  is more likely to be sustained over time

Question 14

What is defensive CSR? How is it different from proactive CSR?

Accepted Answer

Defensive CSR refers to a situation when

Question 15

Discuss the two-tiered approach to CSR.

Accepted Answer

A two-tiered approach to CSR can yield a

Question 16

The ________ to resolving ethical dilemmas involves choosing the option that delivers the most good for the most people (or protects the most people from a negative outcome).

Accepted Answer

A)  justice approach 
B)  utilitarian approach 
C)  individual rights approach 
D)  individual responsibilities approach 
E)  common good approach 
A)  justice approach 
B)  utilitarian approach 
C)  individual rights approach 
D)  individual responsibilities approach 
E)  common good approach

Question 17

________ involves donating money,employee time,or other resources to various causes without regard for any direct business benefits for the company.

Accepted Answer

A)  Philanthropy 
B)  Strategic CSR 
C)  Cap and trade 
D)  Sustainable development 
E)  Affirmative action 
A)  Philanthropy 
B)  Strategic CSR 
C)  Cap and trade 
D)  Sustainable development 
E)  Affirmative action

Question 18

Compare and contrast the minimalist and the purely cynical perspective on corporate social responsibility.

Accepted Answer

According to what might be termed the mi

Question 19

Most of the electricity generated in the United States is produced by ________.

Accepted Answer

A)  burning fossil fuels 
B)  from nuclear power 
C)  from hydroelectric power 
D)  from solar power 
E)  harnessing wind power 
A)  burning fossil fuels 
B)  from nuclear power 
C)  from hydroelectric power 
D)  from solar power 
E)  harnessing wind power

Question 20

The idea that a business has obligations to society beyond the pursuit of profits is ________.

Accepted Answer

A)  corporate social responsibility 
B)  utilitarianism 
C)  philanthropic sustainability 
D)  ethical minimization 
E)  opportunistic responsibility 
A)  corporate social responsibility 
B)  utilitarianism 
C)  philanthropic sustainability 
D)  ethical minimization 
E)  opportunistic responsibility

Which of the following is an example of philanthropy?

Which of the following federal legislations limits cardholder liability for unauthorized use?

Compare and contrast philanthropy and strategic CSR.

Mark hacks into the database of an e-commerce firm and steals the social security numbers of many of its customers.He then uses these numbers to take loans.This is an example of ________.

Whistle-blowing is illegal.

A situation in which you must choose between two conflicting but arguably valid alternatives would be known as a(n)________.

Corporate social responsibility (CSR)embodies the concept that a business has obligations to society beyond the pursuit of profit.

Which of the following statements is TRUE regarding whistle-blowing?

What is ethics? List the components of good business ethics?

A company that takes positive steps to address a particular issue,but only because it has been embarrassed into action by negative publicity,has a ________ CSR.

Which of the following is an example of insider trading?

Which of the following is an example of whistle-blowing?

Unlike general philanthropy,strategic CSR ________.

What is defensive CSR? How is it different from proactive CSR?

Discuss the two-tiered approach to CSR.

The ________ to resolving ethical dilemmas involves choosing the option that delivers the most good for the most people (or protects the most people from a negative outcome).

________ involves donating money,employee time,or other resources to various causes without regard for any direct business benefits for the company.

Compare and contrast the minimalist and the purely cynical perspective on corporate social responsibility.

Most of the electricity generated in the United States is produced by ________.

The idea that a business has obligations to society beyond the pursuit of profits is ________.

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Production Systems

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters

Exam 4: Business Ethics and Corporate Social Responsibility

Which of the following is an example of philanthropy?

Which of the following federal legislations limits cardholder liability for unauthorized use?

Compare and contrast philanthropy and strategic CSR.

Mark hacks into the database of an e-commerce firm and steals the social security numbers of many of its customers.He then uses these numbers to take loans.This is an example of ________.

Whistle-blowing is illegal.

A situation in which you must choose between two conflicting but arguably valid alternatives would be known as a(n)________.

Corporate social responsibility (CSR)embodies the concept that a business has obligations to society beyond the pursuit of profit.

Which of the following statements is TRUE regarding whistle-blowing?

What is ethics? List the components of good business ethics?

A company that takes positive steps to address a particular issue,but only because it has been embarrassed into action by negative publicity,has a ________ CSR.

Which of the following is an example of insider trading?

Which of the following is an example of whistle-blowing?

Unlike general philanthropy,strategic CSR ________.

What is defensive CSR? How is it different from proactive CSR?

Discuss the two-tiered approach to CSR.

The ________ to resolving ethical dilemmas involves choosing the option that delivers the most good for the most people (or protects the most people from a negative outcome).

________ involves donating money,employee time,or other resources to various causes without regard for any direct business benefits for the company.

Compare and contrast the minimalist and the purely cynical perspective on corporate social responsibility.

Most of the electricity generated in the United States is produced by ________.

The idea that a business has obligations to society beyond the pursuit of profits is ________.

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Forms of Ownership

Entrepreneurship and Small Business Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Production Systems

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters