Question 1

Business education in colleges and universities plays the primary role in developing the ethical standards of future business leaders. True or false?

Accepted Answer

A) True 
 B)False

Question 2

Investors are generally unconcerned with whether a company is behaving ethically; instead, they only focus on whether or NOT it is making a profit.

Accepted Answer

A) True 
 B)False

Question 3

Many ethical dilemmas involve gray areas that may require individuals to sort through several courses of actions, each with its own set of consequences.

Accepted Answer

A) True 
 B)False

Question 4

A social audit is used to measure a company's social responsibility performance.

Accepted Answer

A) True 
 B)False

Question 5

Money spent on social responsibility activities belongs to a company's shareholders and should NOT be used as such. This statement is an argument against social responsibility. True or false?

Accepted Answer

A) True 
 B)False

Question 6

An individual employee acting ethically will have little influence on his or her coworkers.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following would be LEAST likely to be a factor in evaluating a firm's social performance?

Accepted Answer

A)  providing a safe, healthy workplace 
B)  respecting the cultural diversity of employees 
C)  holding company-sponsored social events 
D)  producing safe, high-quality products 
A)  providing a safe, healthy workplace 
B)  respecting the cultural diversity of employees 
C)  holding company-sponsored social events 
D)  producing safe, high-quality products

Question 8

Complete the following using the terms listed.
-When a publicly traded firm is suspected of unethical or illegal behaviour, the ___ will conduct an investigation.

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 9

Explain the social responsibilities of a business and how it must balance qualitative and quantitative standards of measurement.

Accepted Answer

Social responsibility is the management'

Question 10

Sofia is an investment advisor and wants to recommend a stock she happens to own. How should Sofia best deal with this potential conflict of interest?

Accepted Answer

A)  She should not make the recommendation. 
B)  She should make a negative recommendation. 
C)  She should disclose the fact that she owns the stock while making the recommendation. 
D)  She should make a positive recommendation and then sell the stock. 
A)  She should not make the recommendation. 
B)  She should make a negative recommendation. 
C)  She should disclose the fact that she owns the stock while making the recommendation. 
D)  She should make a positive recommendation and then sell the stock.

Question 11

Lauren complained to her employer about a sexually explicit calendar hanging on her co-worker's wall. Her employer must ask the co-worker to remove the calendar in order to avoid a claim of sexual harassment.

Accepted Answer

A) True 
 B)False

Question 12

Complete the following using the terms listed.
-A provincial organization responsible for setting workplace safety and health standards is the ___.

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 13

Starbucks' effort to go green with recyclable cups is an example of social responsibility.

Accepted Answer

A) True 
 B)False

Question 14

The only safe way to handle a potential conflict of interest is to avoid situations in which one might occur.

Accepted Answer

A) True 
 B)False

Question 15

Businesses exercise social responsibility for all of the following reasons EXCEPT ___.

Accepted Answer

A)  stakeholders expect it 
B)  profits are guaranteed 
C)  the company's image is enhanced 
D)  management believes it is the ethical course of action 
A)  stakeholders expect it 
B)  profits are guaranteed 
C)  the company's image is enhanced 
D)  management believes it is the ethical course of action

Question 16

A company's CEO alone determines the ethical climate of the business.

Accepted Answer

A) True 
 B)False

Question 17

The primary social responsibility of a company is to its customers.

Accepted Answer

A) True 
 B)False

Question 18

When does a conflict of interest pose an ethical challenge? How should a conflict of interest be handled?

Accepted Answer

A conflict of interest exists when a per

Question 19

Employees should always be loyal, regardless of the situation.

Accepted Answer

A) True 
 B)False

Question 20

Adhering to deeply felt ethical principles in business situations is known as loyalty.

Accepted Answer

A) True 
 B)False

Business education in colleges and universities plays the primary role in developing the ethical standards of future business leaders. True or false?

Investors are generally unconcerned with whether a company is behaving ethically; instead, they only focus on whether or NOT it is making a profit.

Many ethical dilemmas involve gray areas that may require individuals to sort through several courses of actions, each with its own set of consequences.

A social audit is used to measure a company's social responsibility performance.

Money spent on social responsibility activities belongs to a company's shareholders and should NOT be used as such. This statement is an argument against social responsibility. True or false?

An individual employee acting ethically will have little influence on his or her coworkers.

Which of the following would be LEAST likely to be a factor in evaluating a firm's social performance?

Complete the following using the terms listed. -When a publicly traded firm is suspected of unethical or illegal behaviour, the ___ will conduct an investigation.

Explain the social responsibilities of a business and how it must balance qualitative and quantitative standards of measurement.

Sofia is an investment advisor and wants to recommend a stock she happens to own. How should Sofia best deal with this potential conflict of interest?

Lauren complained to her employer about a sexually explicit calendar hanging on her co-worker's wall. Her employer must ask the co-worker to remove the calendar in order to avoid a claim of sexual harassment.

Complete the following using the terms listed. -A provincial organization responsible for setting workplace safety and health standards is the ___.

Starbucks' effort to go green with recyclable cups is an example of social responsibility.

The only safe way to handle a potential conflict of interest is to avoid situations in which one might occur.

Businesses exercise social responsibility for all of the following reasons EXCEPT ___.

A company's CEO alone determines the ethical climate of the business.

The primary social responsibility of a company is to its customers.

When does a conflict of interest pose an ethical challenge? How should a conflict of interest be handled?

Employees should always be loyal, regardless of the situation.

Adhering to deeply felt ethical principles in business situations is known as loyalty.

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

Business education in colleges and universities plays the primary role in developing the ethical standards of future business leaders. True or false?

Investors are generally unconcerned with whether a company is behaving ethically; instead, they only focus on whether or NOT it is making a profit.

Many ethical dilemmas involve gray areas that may require individuals to sort through several courses of actions, each with its own set of consequences.

A social audit is used to measure a company's social responsibility performance.

Money spent on social responsibility activities belongs to a company's shareholders and should NOT be used as such. This statement is an argument against social responsibility. True or false?

An individual employee acting ethically will have little influence on his or her coworkers.

Which of the following would be LEAST likely to be a factor in evaluating a firm's social performance?

Complete the following using the terms listed. -When a publicly traded firm is suspected of unethical or illegal behaviour, the ___ will conduct an investigation.

Explain the social responsibilities of a business and how it must balance qualitative and quantitative standards of measurement.

Sofia is an investment advisor and wants to recommend a stock she happens to own. How should Sofia best deal with this potential conflict of interest?

Lauren complained to her employer about a sexually explicit calendar hanging on her co-worker's wall. Her employer must ask the co-worker to remove the calendar in order to avoid a claim of sexual harassment.

Complete the following using the terms listed. -A provincial organization responsible for setting workplace safety and health standards is the ___.

Starbucks' effort to go green with recyclable cups is an example of social responsibility.

The only safe way to handle a potential conflict of interest is to avoid situations in which one might occur.

Businesses exercise social responsibility for all of the following reasons EXCEPT ___.

A company's CEO alone determines the ethical climate of the business.

The primary social responsibility of a company is to its customers.

When does a conflict of interest pose an ethical challenge? How should a conflict of interest be handled?

Employees should always be loyal, regardless of the situation.

Adhering to deeply felt ethical principles in business situations is known as loyalty.

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