Exam 2: Business Ethics and Social Responsibility

Social and ethical issues are a bigger concern in smaller companies than larger companies.

Bob takes responsibility for an error made by his assistant on a project. Bob has shown ___.

An employee hotline, a telephone number that employees can call anonymously for advice or to report unethical behaviour they have seen, is intended to support

Whistle-blowers always act out of self-interest.

a) What does Corporate Social Responsibility mean and why is it important?

Technology has expanded the range and impact of unethical behaviour.

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.

Environmental issues have become more important concerns of the public in recent years.

Companies that put profits ahead of safety are using a stakeholder model of business ethics.

Ethics compliance officers are responsible for conducting employee training programs that help identify potential fraud and abuse within the firm, investigating sexual harassment and discrimination charges, and monitoring any potential conflicts of interest.

A real estate agent who represents both the buyer and seller most likely faces a conflict of interest.

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

The Sarbanes-Oxley Act requires that each member of a firm's Board of Directors certify the truthfulness of financial statements.

The public demand that businesses give proper consideration to consumer wants and needs in making its decisions is known as ___.

Society's forces, such as demonstrations against a company's product or service, could shape the actions that businesses take. True or false?

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

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

___ refers to the way in which a business tries to balance its commitments to ___.

The foundation of an ethical climate is

Business ethics begins with ___.