Question 1

Which of the following statements best justifies why a company should act in an ethical manner?

Accepted Answer

A)  The government will take action if a firm fails to act ethically. 
B)  Acting ethically always maximizes profits in the short run. 
C)  Acting ethically will help a company to prosper in the long run. 
D)  The right thing to do is always the least expensive alternative. 
A)  The government will take action if a firm fails to act ethically. 
B)  Acting ethically always maximizes profits in the short run. 
C)  Acting ethically will help a company to prosper in the long run. 
D)  The right thing to do is always the least expensive alternative.

Question 2

Businesses have responsibilities to ___.

Accepted Answer

A)  investors only 
B)  investors and customers 
C)  investors, customers, and employees 
D)  investors, customers, employees, and society 
A)  investors only 
B)  investors and customers 
C)  investors, customers, and employees 
D)  investors, customers, employees, and society

Question 3

Fundamentally, a business is responsible only to its customers and investors.

Accepted Answer

A) True 
 B)False

Question 4

Explain how a company's unethical behaviour can actually decrease the value of its business.

Accepted Answer

Although a fundamental goal of any busin

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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 ___.

Accepted Answer

A)  ethical compliance 
B)  good intentions 
C)  whistle-blowing 
D)  ethical allegations 
A)  ethical compliance 
B)  good intentions 
C)  whistle-blowing 
D)  ethical allegations

Question 7

A company removes a profitable product from the market because it may be dangerous. This company is demonstrating ___.

Accepted Answer

A)  ethical behaviour 
B)  green marketing 
C)  conflict of interest 
D)  social welfare 
A)  ethical behaviour 
B)  green marketing 
C)  conflict of interest 
D)  social welfare

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Complete the following using the terms listed.
-A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n) ___.

Accepted Answer

A) Ontario or Alberta Securities Commission 
B) Workers' Compensation Board of Alberta 
C) corporate philanthropy 
D) integrity 
E) social audit
F)social responsibility
G). business ethics
H)sexual harassment
I)code of conduct
J)conflict of interest
K)product liability
L)consumerism
M)Canadian Human Rights Act (CHR
A) 
N)whistle-blowing
O)green marketing 
A) Ontario or Alberta Securities Commission 
B) Workers' Compensation Board of Alberta 
C) corporate philanthropy 
D) integrity 
E) social audit
F)social responsibility
G). business ethics
H)sexual harassment
I)code of conduct
J)conflict of interest
K)product liability
L)consumerism
M)Canadian Human Rights Act (CHR
A) 
N)whistle-blowing
O)green marketing

Question 10

Many electric products contain toxins such as lead and mercury and are difficult to reuse or recycle.

Accepted Answer

A) True 
 B)False

Question 11

A code of conduct rarely goes beyond stating the rules, laws, and regulations employees are expected to follow.

Accepted Answer

A) True 
 B)False

Question 12

The legal requirements of the Sarbanes-Oxley Act vary from state to state.

Accepted Answer

A) True 
 B)False

Question 13

Helping employees stop smoking is an example of a social responsibility revolving around public health.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A)  supporting the local public radio station 
B)  sponsoring a Red Cross blood drive 
C)  paying local property taxes 
D)  giving employees release time to participate in volunteer activities 
A)  supporting the local public radio station 
B)  sponsoring a Red Cross blood drive 
C)  paying local property taxes 
D)  giving employees release time to participate in volunteer activities

Question 15

Integrity goes beyond truthfulness.

Accepted Answer

A) True 
 B)False

Question 16

Explain how technology has impacted business ethics. Provide a specific example.

Accepted Answer

Technology seems to have expanded the ra

Question 17

Walmart's survey of its suppliers about their sustainability practices was a first step in developing a "sustainability index".

Accepted Answer

A) True 
 B)False

Question 18

Why is it important for a company to create and communicate a code of conduct?

Accepted Answer

A code of conduct defines how an organiz

Question 19

If a product or package is able to be processed and returned to use in the form of raw materials or products, the Competition Bureau of Canada would consider the product to be

Accepted Answer

A)  degradable. 
B)  deplorable. 
C)  compostable. 
D)  recyclable. 
A)  degradable. 
B)  deplorable. 
C)  compostable. 
D)  recyclable.

Question 20

An employee who "goes public" with evidence of improper actions by his or her employer is known as a whistle-blower.

Accepted Answer

A) True 
 B)False

Which of the following statements best justifies why a company should act in an ethical manner?

Businesses have responsibilities to ___.

Fundamentally, a business is responsible only to its customers and investors.

Explain how a company's unethical behaviour can actually decrease the value of its business.

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

A company removes a profitable product from the market because it may be dangerous. This company is demonstrating ___.

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

Complete the following using the terms listed. -A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n) ___.

Many electric products contain toxins such as lead and mercury and are difficult to reuse or recycle.

A code of conduct rarely goes beyond stating the rules, laws, and regulations employees are expected to follow.

The legal requirements of the Sarbanes-Oxley Act vary from state to state.

Helping employees stop smoking is an example of a social responsibility revolving around public health.

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

Integrity goes beyond truthfulness.

Explain how technology has impacted business ethics. Provide a specific example.

Walmart's survey of its suppliers about their sustainability practices was a first step in developing a "sustainability index".

Why is it important for a company to create and communicate a code of conduct?

If a product or package is able to be processed and returned to use in the form of raw materials or products, the Competition Bureau of Canada would consider the product to be

An employee who "goes public" with evidence of improper actions by his or her employer is known as a whistle-blower.

The Changing Face of Business

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: the Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 2: Business Ethics and Social Responsibility

Which of the following statements best justifies why a company should act in an ethical manner?

Businesses have responsibilities to ___.

Fundamentally, a business is responsible only to its customers and investors.

Explain how a company's unethical behaviour can actually decrease the value of its business.

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

A company removes a profitable product from the market because it may be dangerous. This company is demonstrating ___.

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

Complete the following using the terms listed. -A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n) ___.

Many electric products contain toxins such as lead and mercury and are difficult to reuse or recycle.

A code of conduct rarely goes beyond stating the rules, laws, and regulations employees are expected to follow.

The legal requirements of the Sarbanes-Oxley Act vary from state to state.

Helping employees stop smoking is an example of a social responsibility revolving around public health.

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

Integrity goes beyond truthfulness.

Explain how technology has impacted business ethics. Provide a specific example.

Walmart's survey of its suppliers about their sustainability practices was a first step in developing a "sustainability index".

Why is it important for a company to create and communicate a code of conduct?

If a product or package is able to be processed and returned to use in the form of raw materials or products, the Competition Bureau of Canada would consider the product to be

An employee who "goes public" with evidence of improper actions by his or her employer is known as a whistle-blower.

The Changing Face of Business

Economic Challenges Facing Contemporary Business

Competing in World Markets

Forms of Business Ownership and Organization

Starting Your Own Business: the Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters