Question 1

________ are gases that trap heat in the atmosphere.

Accepted Answer

A)   Greenhouse emissions
B)   Byproducts
C)   Energy supplies
D)   Acid rain
E)   Exajoules

Question 2

Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

Accepted Answer

A)   tend to be employees who have just come to work for the firm.
B)   are promoted by top management as a reward for pointing out activities that might hurt the company.
C)   tend to be younger than other employees and would like to be promoted.
D)   often find themselves demoted or even fired for blowing the whistle on the company.
E)   are hired away by other firms because of their high ethical values.

Question 3

What are the four stances an organization can take concerning its obligations to society? Provide a short explanation of the four stances.

Accepted Answer

- obstructionist stance: a company does ...

Question 4

What is the difference between "ethics" and "business ethics"?

Accepted Answer

A)   The former refers to beliefs about what is right and wrong,while the latter doesn't deal with right and wrong,but deals only with economic issues.
B)   The former refers to a restricted range of acceptable behaviours,while the latter refers to a much broader range of acceptable behaviours.
C)   There are no differences between the two.
D)   The former refers to beliefs about what is right or wrong,while the latter refers to behaviours by managers or employees.
E)   None of the statements are accurate.

Question 5

The recent surge of products being called "light" led to an investigation by government agencies.This illustrates concerns about which of the basic consumer rights?

Accepted Answer

A)   Right to good prices
B)   Right to choose what they buy
C)   Right to safe products
D)   Right to be informed
E)   Right to be heard

Question 6

You are managing a company that either has to cut the dividend or cut 10% of the company's workforce.What do you do? Why?

Accepted Answer

Answers will vary,de...

Question 7

Identify and explain the four rights of consumers.How did these rights originate? What can business firms do to deal with these rights?

Accepted Answer

Four rights of consumers are:
- right t...

Question 8

The Personal Information Protection and Electronic Documents Act (PIPEDA)

Accepted Answer

A)   is designed to protect electronic documents from computer hackers.
B)   requires organizations to obtain consent before they collect,use,or disclose information about individuals.
C)   has been declared unconstitutional.
D)   prohibits organizations from using personal information about their employees.
E)   applies almost exclusively to universities.

Question 9

The second step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

Accepted Answer

A)   gather the relevant factual information.
B)   determine the implications of breaching the activity or policy.
C)   determine the most appropriate moral values.
D)   make an ethical judgment based on the rightness or wrongness of the proposed activity or policy.
E)   determine how much the decision will cost if it is wrong.

Question 10

Social responsibility refers to a business's obligation to make decisions that benefit employees.

Accepted Answer

A) True 
 B)False

Question 11

The final step in managing a social responsibility program is to

Accepted Answer

A)   conduct a social audit.
B)   survey the various causes that might be supported.
C)   select an individual to run the program.
D)   develop a policy statement outlining the firm's commitment.
E)   form a committee to develop a detailed plan.

Question 12

Which of the following is the best means of showing responsibility toward employees?

Accepted Answer

A)   Provide employees with equal opportunities without regard to race,sex,or other irrelevant factors
B)   Provide rewards for employees who go beyond the call of duty
C)   Provide a stock ownership plan for employees
D)   Provide a grievance system for employees
E)   Recruit employees from minority groups

Question 13

What are carbon credits?

Accepted Answer

A)   Credits given to countries that produce more oil than they consume
B)   Credits given to countries that install the most pollution equipment per capita
C)   Credits that are purchased by countries that give them the right to pollute the atmosphere
D)   Credits that are purchased by countries after they have been found guilty of polluting the atmosphere
E)   Credits that are given to countries for producing the carbon that is needed to make oil

Question 14

Battleford Corp.is in the processes of setting up a system to manage its social responsibility program.What should they do first?

Accepted Answer

A)   A social audit must be conducted.Conduct a social audit.
B)   The government must identify specific things the company is doing that need to be corrected.
C)   Make sure that support is evident from top management.
D)   A director of the firm's social agenda must be appointed.
E)   A committee of top managers must develop a strategic plan for social responsibility.

Question 15

Which of the following social responsibility strategies is used by the Trillium Foundation,which requests proposals from charity organizations who require financial support?

Accepted Answer

A)   Reactive
B)   Adaptive
C)   Proactive
D)   Accommodative
E)   Obstructionist

Question 16

Applying the ethical standard of utility,it may be acceptable to allow inflated expense reports.

Accepted Answer

A) True 
 B)False

Question 17

There are four areas of concern regarding ethics in advertising.They are

Accepted Answer

A)   truth-in-advertising,misleading pricing,bait-and-switch advertising,and stealth advertising.
B)   advertising of counterfeit brands,stealth advertising,morally objectionable advertising,and truth-in-advertising.
C)   bait-and-switch advertising,advertising of counterfeit brands,stealth advertising,and morally objectionable advertising.
D)   truth-in-advertising,misleading price advertising,celebrity advertising,and morally objectionable advertising.
E)   misleading price advertising,truth-in-advertising,celebrity advertising,and advertising claims about product performance that are not true.

Question 18

A conflict of interest occurs when an activity benefits an individual at the expense of the organization.

Accepted Answer

A) True 
 B)False

Question 19

What is the purpose of a social audit?

Accepted Answer

A)   To conduct a systematic analysis of how a firm has used funds that are earmarked for social programs
B)   To determine the impact of a company's social involvement on the local community
C)   To determine the specific area of need for a firm's social responsibility actions
D)   To determine the anticipated costs and benefits of dealing with a social concern
E)   To audit the social functions the firm puts on for employees

Question 20

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

Accepted Answer

A)   ethical dilemma.
B)   utility norm.
C)   illegal situation.
D)   conflict of interest.
E)   justice norm.

Exam 3: Conducting Business Ethically and Responsibly

Applying the ethical standard of utility,it may be acceptable to allow inflated expense reports.

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Which of the following is the best means of showing responsibility toward employees?

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What is the purpose of a social audit?

Correct AnswerverifiedShow Answer

Battleford Corp.is in the processes of setting up a system to manage its social responsibility program.What should they do first?

Correct AnswerverifiedShow Answer

The recent surge of products being called "light" led to an investigation by government agencies.This illustrates concerns about which of the basic consumer rights?

Correct AnswerverifiedShow Answer

The second step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

Correct AnswerverifiedShow Answer

Social responsibility refers to a business's obligation to make decisions that benefit employees.

Correct AnswerverifiedShow Answer

What are carbon credits?

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Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

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What is the difference between "ethics" and "business ethics"?

Correct AnswerverifiedShow Answer

Identify and explain the four rights of consumers.How did these rights originate? What can business firms do to deal with these rights?

Correct AnswerverifiedFour rights of consumers are: - right t...View AnswerShow Answer

What are the four stances an organization can take concerning its obligations to society? Provide a short explanation of the four stances.

Correct Answerverified- obstructionist stance: a company does ...View AnswerShow Answer

Which of the following social responsibility strategies is used by the Trillium Foundation,which requests proposals from charity organizations who require financial support?

Correct AnswerverifiedShow Answer

You are managing a company that either has to cut the dividend or cut 10% of the company's workforce.What do you do? Why?

Correct AnswerverifiedAnswers will vary,de...View AnswerShow Answer

A conflict of interest occurs when an activity benefits an individual at the expense of the organization.

Correct AnswerverifiedShow Answer

There are four areas of concern regarding ethics in advertising.They are

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The final step in managing a social responsibility program is to

Correct AnswerverifiedShow Answer

The Personal Information Protection and Electronic Documents Act (PIPEDA)

Correct AnswerverifiedShow Answer

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

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________ are gases that trap heat in the atmosphere.

Correct AnswerverifiedShow Answer

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Four rights of consumers are:
- right t...
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- obstructionist stance: a company does ...
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Answers will vary,de...
View Answer

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