Question 1

A social audit attempts to measure a firm's progress in the area of worker-management relations.

Accepted Answer

A) True 
 B)False

Question 2

Many corporations are publishing reports that document their net social contribution.

Accepted Answer

A) True 
 B)False

Question 3

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself"?

Accepted Answer

A) True 
 B)False

Question 4

The first step when facing an ethical dilemma is to ask:

Accepted Answer

A)  "Is it legal"?
B)  "Is it balanced"?
C)  "How will it make me feel about myself"?
D)  "Is it ethical"?

Question 5

Corporate philanthropy refers to the position a firm takes on issues that affect society.

Accepted Answer

A) True 
 B)False

Question 6

Why should a business be managed ethically?

Accepted Answer

To maintain a good reputation; to keep e...

Question 7

Top leaders in government and business today are:

Accepted Answer

A)  held to higher ethical standards than in the past.
B)  held to less strict moral standards than in the past.
C)  less interested in social responsibility than in the past.
D)  at odds with the general public in regard to ethical issues.

Question 8

Effective corporate values start with employees and develop throughout the organization to include top management.

Accepted Answer

A) True 
 B)False

Question 9

A charitable donation by a corporation is an example of corporate philanthropy.

Accepted Answer

A) True 
 B)False

Question 10

Purposefully understating your firm's income to avoid paying higher taxes is an example of:

Accepted Answer

A)  an accepted business practice.
B)  tax accountants doing their job.
C)  illegal behaviour.
D)  a firm's responsibility to its owners.

Question 11

The federal government sponsorship scandal revealed ________ corporate behaviour.

Accepted Answer

A)  legal but unethical
B)  predictable
C)  illegal
D)  ethical

Question 12

As a new employee,Vanessa has heard her boss say,"Do whatever it takes to meet your sales quota.However,anyone caught violating a law will be immediately fired".Vanessa recognizes this as a(n) ________-based code of ethics.

Accepted Answer

A)  Internet
B)  personal responsibility
C)  compliance
D)  integrity

Question 13

A phone call to a government official by an employee of the XYZ Corporation disclosed the deception and dishonesty of the firm's accounting records.This employee played the role of a:

Accepted Answer

A)  whistleblower.
B)  horn blower.
C)  cheerleader.
D)  moral policeman.

Question 14

Ethical behaviour will allow a firm to meet its corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 15

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage.This is both legal and consistent with the compliance-based code of ethics.

Accepted Answer

A) True 
 B)False

Question 16

Top management at Lancer Distributing is convinced that they have a social responsibility to their community.They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations.This is an example of corporate:

Accepted Answer

A)  guilt payments.
B)  philanthropy.
C)  structure and strategy.
D)  short run profit maximization.

Question 17

Business is under pressure from society to be more socially responsible.However,even the strongest advocates for corporate responsibility can't seem to agree:

Accepted Answer

A)  on what social responsibility involves.
B)  who should be the watchdog to police business behaviour.
C)  if all businesses,large and small,should be held to the same standards.
D)  if politicians should be held to the same standards of behaviour.

Question 18

Which of the following is not part of a compliance-based ethics code?

Accepted Answer

A)  increased control over employee actions.
B)  shared accountability among employees.
C)  penalties for wrongdoers.
D)  awareness of the relevant laws.

Question 19

The FAIRTRADE mark on a package means what?

Accepted Answer

A)  the company must not be involved in weapons or tobacco businesses.
B)  the company has contributed to the development of disadvantaged producers and workers.
C)  the company must behave ethically.
D)  the company cannot participate in insider trading.

Question 20

Insider trading occurs when employees of a company use private company information to profit in the stock market.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Social Responsibility

Effective corporate values start with employees and develop throughout the organization to include top management.

Correct AnswerverifiedShow Answer

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage.This is both legal and consistent with the compliance-based code of ethics.

Correct AnswerverifiedShow Answer

Business is under pressure from society to be more socially responsible.However,even the strongest advocates for corporate responsibility can't seem to agree:

Correct AnswerverifiedShow Answer

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself"?

Correct AnswerverifiedShow Answer

As a new employee,Vanessa has heard her boss say,"Do whatever it takes to meet your sales quota.However,anyone caught violating a law will be immediately fired".Vanessa recognizes this as a(n) ________-based code of ethics.

Correct AnswerverifiedShow Answer

The federal government sponsorship scandal revealed ________ corporate behaviour.

Correct AnswerverifiedShow Answer

Purposefully understating your firm's income to avoid paying higher taxes is an example of:

Correct AnswerverifiedShow Answer

The FAIRTRADE mark on a package means what?

Correct AnswerverifiedShow Answer

Insider trading occurs when employees of a company use private company information to profit in the stock market.

Correct AnswerverifiedShow Answer

Ethical behaviour will allow a firm to meet its corporate social responsibility.

Correct AnswerverifiedShow Answer

Many corporations are publishing reports that document their net social contribution.

Correct AnswerverifiedShow Answer

A social audit attempts to measure a firm's progress in the area of worker-management relations.

Correct AnswerverifiedShow Answer

Why should a business be managed ethically?

Correct AnswerverifiedTo maintain a good reputation; to keep e...View AnswerShow Answer

The first step when facing an ethical dilemma is to ask:

Correct AnswerverifiedShow Answer

A phone call to a government official by an employee of the XYZ Corporation disclosed the deception and dishonesty of the firm's accounting records.This employee played the role of a:

Correct AnswerverifiedShow Answer

Corporate philanthropy refers to the position a firm takes on issues that affect society.

Correct AnswerverifiedShow Answer

Top leaders in government and business today are:

Correct AnswerverifiedShow Answer

A charitable donation by a corporation is an example of corporate philanthropy.

Correct AnswerverifiedShow Answer

Top management at Lancer Distributing is convinced that they have a social responsibility to their community.They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations.This is an example of corporate:

Correct AnswerverifiedShow Answer

Which of the following is not part of a compliance-based ethics code?

Correct AnswerverifiedShow Answer

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To maintain a good reputation; to keep e...
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