Exam 2: Business Ethics and Social Responsibility

To encourage appropriate ethical behaviour, a company's code of conduct should

As a social responsibility consultant working with a global organization, how would you convince the board of directors that social responsibility activities will increase the company's value for shareholders (provide at least three convincing arguments)?

The Wright Tire Co. uses a company-wide team of employees to identify company activities related to social issues, report on how the firm is responding to those issues, and evaluate how effectively the firm has met those issues. The Wright Tire team is conducting a(n) ___.

According to business journalist Suzy Welch, a person who suspects unethical behaviour in the office should do the following: gather all the facts and determine if the situation is an ethical dilemma. If it is really an ethical dilemma, she proposes that the person should

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.

The gap between what workers with college degrees earn and what those with high school degrees earn has decreased in recent years.

Setting appropriate ethical standards is a fairly straightforward task for most managers.

If employees of Patagonia are paid by the company to volunteer their time and skills in community activities, then the company is engaging in corporate philanthropy. True or false?

When Target donates 5 percent of its federally taxable income to nonprofit groups, the company is highlighting its ___.

Consumerism is the concept that business must give consideration to employee wants and needs.

Why is ethical leadership so important?

___ investigate suspicions of unethical or illegal behaviours by publicly traded companies in order to protect investors.

You're the training manager of a well-established financial institution and would like to intensify ethical education and create more awareness in the organization. Which of the following will be an alternative practical training strategy to use?

Canada's Bill 198 and the Sarbanes-Oxley Act of the United States can both ___.

Corporate scandals usually lead to huge losses for investors and society in general. a) Mention and explain at least two corporate scandals in history, which led to the conviction and imprisonment of top business executives. b) Identify one strategy which has been used to prevent such unethical business practice, in order to protect investors and society in general.

Hewlett-Packard's use of new and recycled plastics in the manufacture of its scanners is an example of acting responsibly to satisfy societal demands.

All of the following groups are specifically identified by the federal Employment Equity Act EXCEPT ___.

Harold knows of a defect in a product his company sells. He will disclose the defect but only if the customer specifically asks about it. Harold's ___ could be called into question.

Companies that adhere to high ethical standards ___.

Paying corporate taxes is an example of corporate philanthropy.