Exam 2: Business Ethics and Corporate Social Responsibility

With regards to ethics,most of the 500 largest corporations in the U.S.now have a code of ethics.Which of the following would LEAST likely be included in the codes?

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(Multiple Choice)

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Question 1

Correct Answer:

Verified

Over the years,Procter & Gamble has pursued programs in all of the following areas EXCEPT ________.

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(Multiple Choice)

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Question 2

Correct Answer:

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What is the difference between ethics and corporate social responsibility as each concept applies to corporations?

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(Essay)

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Question 3

Correct Answer:

Verified

Ethics is the discipline dealing with what is good and bad,or right and wrong,or with moral duty and obligation.Ethics is about deciding whether an action is good or bad and what to do about it if it is bad.Those in management make ethical (or unethical)decisions every day regarding hiring,safety,and compensation.Corporate social responsibility (CSR)is the implied,enforced,or felt obligation of managers,acting in their official capacity,to serve or protect the interests of groups other than themselves.When a corporation behaves as if it has a conscience,it is said to be socially responsible.CSR considers the overall influence of corporations on society at large and goes beyond the interests of shareholders.It is how a company as a whole behaves toward society.

Erica,an accountant,notices suspicious accounting practices at the firm where she is employed.She wants to report the unethical behavior to authorities but is worried that she might be harassed or demoted as a result.Which law was passed to protect Erica in this situation?

(Multiple Choice)

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Question 4

In the legal use of the term,a whistleblower is someone who ________.

(Multiple Choice)

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Question 5

Which term refers to the discipline that deals with what is good and bad or right and wrong?

(Multiple Choice)

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Question 6

Which law prohibits a former employee who served in certain positions on a contract in excess of $10 million from receiving compensation as an employee or consultant from that contractor for one year?

(Multiple Choice)

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Question 7

Lincoln Enterprises recently fired two employees who were caught stealing tools from the firm's warehouse.As a result,the CEO of Lincoln wants to strengthen the firm's ethical culture and prevent future violations by requiring employees to participate in ethics training programs. -Which of the following best supports the CEO's idea?

(Multiple Choice)

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Question 8

What is the purpose of a social audit? What methods are available to firms that want to conduct social audits?

(Essay)

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Question 9

Companies are concerned about the whistleblower part of the Dodd-Frank Act for all of the following reasons except that informants might ________.

(Multiple Choice)

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Question 10

According to a sustainability survey commissioned by the consulting firm KPMG,approximately ________ of large and mid-sized companies worldwide have an active sustainability program in place.

(Multiple Choice)

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Question 11

According to the World Commission on Environment and Sustainability,the narrow definition of sustainability is ________.

(Multiple Choice)

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Question 12

When comparing the effectiveness of whistleblowers and external auditors in uncovering corporate wrongdoings,________ in public companies.

(Multiple Choice)

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Question 13

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in ________.

(Multiple Choice)

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Question 14

As a professional,what should be your primary source of ethical guidance in the workplace?

(Multiple Choice)

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Question 15

Which term refers to a systematic assessment of a company's activities in terms of social impact?

(Multiple Choice)

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Question 16

An organization's middle managers usually initiate a corporation's approach to social responsibility.

(True/False)

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Question 17

The philosophy of sustainability at Dow Chemical is exemplified by the slogan ________.

(Multiple Choice)

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Question 18

Although laws cannot mandate ethics,they may be able to identify the baseline separating what is good and what is bad.

(True/False)

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Question 19

Surveys indicate that most companies link employee bonuses to ethical performance.

(True/False)

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Question 20

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With regards to ethics,most of the 500 largest corporations in the U.S.now have a code of ethics.Which of the following would LEAST likely be included in the codes?

Over the years,Procter & Gamble has pursued programs in all of the following areas EXCEPT ________.

What is the difference between ethics and corporate social responsibility as each concept applies to corporations?

Erica,an accountant,notices suspicious accounting practices at the firm where she is employed.She wants to report the unethical behavior to authorities but is worried that she might be harassed or demoted as a result.Which law was passed to protect Erica in this situation?

In the legal use of the term,a whistleblower is someone who ________.

Which term refers to the discipline that deals with what is good and bad or right and wrong?

Which law prohibits a former employee who served in certain positions on a contract in excess of $10 million from receiving compensation as an employee or consultant from that contractor for one year?

What is the purpose of a social audit? What methods are available to firms that want to conduct social audits?

Companies are concerned about the whistleblower part of the Dodd-Frank Act for all of the following reasons except that informants might ________.

According to a sustainability survey commissioned by the consulting firm KPMG,approximately ________ of large and mid-sized companies worldwide have an active sustainability program in place.

According to the World Commission on Environment and Sustainability,the narrow definition of sustainability is ________.

When comparing the effectiveness of whistleblowers and external auditors in uncovering corporate wrongdoings,________ in public companies.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in ________.

As a professional,what should be your primary source of ethical guidance in the workplace?

Which term refers to a systematic assessment of a company's activities in terms of social impact?

An organization's middle managers usually initiate a corporation's approach to social responsibility.

The philosophy of sustainability at Dow Chemical is exemplified by the slogan ________.

Although laws cannot mandate ethics,they may be able to identify the baseline separating what is good and what is bad.

Surveys indicate that most companies link employee bonuses to ethical performance.

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