Question 1

Making a company into a truly socially responsible firm requires that a top-level manager personally direct the planning and implementation of this program,just as if he or she were introducing a new product.

Accepted Answer

A) True 
 B)False

Question 2

Bristol Corp.plans to introduce an inexpensive line of shoes to the Canadian market.It has found a manufacturer in Asia that can produce the shoes at a cost that will be cheaper than other brands of the same quality.Which of the following is a potential ethical implication that the company should consider before beginning production?

Accepted Answer

A)  The country's existing labour laws and the factory working conditions 
B)  The average exchange rate of the country's currency over a ten-year period 
C)  The challenges of doing business in a country with a nonconvertible currency 
D)  The energy demands of the manufacturer's facility 
E)  The basic international business strategy it will use

Question 3

A survey of 93 large Canadian companies found that ____ percent made a charitable contribution of some sort,and that the median value of their contributions was $________.

Accepted Answer

A)  40; $100 000 
B)  30; $20 000 
C)  560; $80 000 
D)  70; $200 000 
E)  97; $340 000

Question 4

Owners of small business firms face the same type of social concerns as do larger firms,but

Accepted Answer

A)  with more demands on the owner. 
B)  on a smaller scale. 
C)  with more regulation. 
D)  with less regulation. 
E)  with more complexity.

Question 5

How may a business firm show that it is socially responsible in dealing with its employees? Explain your response.

Accepted Answer

The answer of How may a business firm show that...

Question 6

There is currently a strong consensus that global warming is happening and that it is being caused largely by human activity.

Accepted Answer

A) True 
 B)False

Question 7

Ethical behaviour is determined

Accepted Answer

A)  by the individual. 
B)  by the government. 
C)  partly by the individual and partly by the government. 
D)  partly by the individual and partly by the culture. 
E)  by the culture.

Question 8

Peter,the president of a small company,wants his employees to be aware that they should act ethically.Which of the following has proven to be an effective method of improving ethical behaviour in a business firm?

Accepted Answer

A)  Reward managers who have secured an advantage for the firm,even if their behaviour might be seen by some people as unethical. 
B)  Demonstrate top management commitment to high ethical standards. 
C)  Do not publicly bring attention to unethical behaviour,but deal with it privately. 
D)  Fire all unethical employees. 
E)  Do nothing to reinforce the undesirable behaviour so that it will not be repeated.

Question 9

Triple bottom line reporting means measuring the financial,marketing,and production performance of a company.

Accepted Answer

A) True 
 B)False

Question 10

Cheque kiting is unethical but not illegal.

Accepted Answer

A) True 
 B)False

Question 11

Is downloading music that you have not paid for ethical or unethical? Is it illegal or legal? Why?

Accepted Answer

The answer of Is downloading music that you have not...

Question 12

Which term refers to the conversion of waste materials into useful products?

Accepted Answer

A)  Recycling 
B)  Solid waste recovery 
C)  Acid rain 
D)  Biomass 
E)  Toxic waste disposal

Question 13

The obstructionist stance to a firm's social responsibilities states that a firm should wait until asked to participate and then respond a bit above the minimum legal requirement.

Accepted Answer

A) True 
 B)False

Question 14

Many times individuals face situations that may compromise their ethical positions.How should a person cope with situational factors for which there are ethical conflicts?

Accepted Answer

A)  Develop a personal set of ethical codes of conduct regarding what is right and what is wrong. 
B)  Use the "golden rule." 
C)  Don't do anything. 
D)  Do what makes everyone else happy in the situation. 
E)  Act in the same manner as the individual has observed other people acting in similar situations.

Question 15

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment,including customers,other businesses,employees,and investors.

Accepted Answer

A) True 
 B)False

Question 16

You are managing a company that is being asked to pay a bribe.If you do not pay the bribe you will have to lay off 500 people and risk a chance of going out of business.What do you do and why?

Accepted Answer

The answer of You are managing a company that is...

Question 17

Arctic Glacier Inc.,a Canadian company,was one of several companies served with subpoenas by the U.S.government as it investigated possible _________.

Accepted Answer

A)  violation of monopoly rules 
B)  insider trading 
C)  cheque kiting 
D)  unsafe products 
E)  collusion

Question 18

In a socially responsible company,whistle-blowers can report their findings to higher level managers without fear of retaliation by other members of the organization.

Accepted Answer

A) True 
 B)False

Question 19

When Exeter Corp.,a food company,lists the ingredients that make up their products,which consumer right is the company addressing?

Accepted Answer

A)  Right to choose 
B)  Right to safe products 
C)  Right to courteous service 
D)  Right to be informed 
E)  Right to be heard

Question 20

After a hurricane hit Halifax a few years ago,local retailers increased the price of milk and gas by 50% in one day,even though all other stores in the province did not increase prices.These retailers were using

Accepted Answer

A)  conflict-of-interest pricing. 
B)  sharp business practices. 
C)  crisis-based pricing. 
D)  price gouging. 
E)  it is not possible to tell from the information that is given.

Exam 3: Conducting Business Ethically and Responsibly

Making a company into a truly socially responsible firm requires that a top-level manager personally direct the planning and implementation of this program,just as if he or she were introducing a new product.

A survey of 93 large Canadian companies found that percent made a charitable contribution of some sort,and that the median value of their contributions was $____.

Owners of small business firms face the same type of social concerns as do larger firms,but

How may a business firm show that it is socially responsible in dealing with its employees? Explain your response.

There is currently a strong consensus that global warming is happening and that it is being caused largely by human activity.

Ethical behaviour is determined

Peter,the president of a small company,wants his employees to be aware that they should act ethically.Which of the following has proven to be an effective method of improving ethical behaviour in a business firm?

Triple bottom line reporting means measuring the financial,marketing,and production performance of a company.

Cheque kiting is unethical but not illegal.

Is downloading music that you have not paid for ethical or unethical? Is it illegal or legal? Why?

Which term refers to the conversion of waste materials into useful products?

The obstructionist stance to a firm's social responsibilities states that a firm should wait until asked to participate and then respond a bit above the minimum legal requirement.

Many times individuals face situations that may compromise their ethical positions.How should a person cope with situational factors for which there are ethical conflicts?

Social responsibility is an attempt by a business to balance its commitments to groups and individuals in its environment,including customers,other businesses,employees,and investors.

You are managing a company that is being asked to pay a bribe.If you do not pay the bribe you will have to lay off 500 people and risk a chance of going out of business.What do you do and why?

Arctic Glacier Inc.,a Canadian company,was one of several companies served with subpoenas by the U.S.government as it investigated possible _________.

In a socially responsible company,whistle-blowers can report their findings to higher level managers without fear of retaliation by other members of the organization.

When Exeter Corp.,a food company,lists the ingredients that make up their products,which consumer right is the company addressing?

After a hurricane hit Halifax a few years ago,local retailers increased the price of milk and gas by 50% in one day,even though all other stores in the province did not increase prices.These retailers were using