Question 1

People who report illegal or unethical behaviour are known as whistleblowers.

Accepted Answer

A) True 
 B)False

Question 2

One factor causing businesses to vigorously enforce ethical standards is the:

Accepted Answer

A)  desire to eliminate employee turnover.
B)  evasion of social audit measurements.
C)  fear of negative publicity.
D)  focus on criminal penalties.E) All of the above
F) A) and B)

Question 3

Considering the potential impact on others prior to making a decision is consistent with ________ behaviour.

Accepted Answer

A)  legal
B)  self-motivated
C)  ethical
D)  anti-socialE) A) and B)
F) C) and D)

Question 4

Trust between workers and managers must be based on a foundation of fairness,honesty,openness,and moral integrity.

Accepted Answer

A) True 
 B)False

Question 5

Corporate social responsibility describes the firm's:

Accepted Answer

A)  concern for the welfare of society.
B)  ability to plan for the unexpected.
C)  responsibility to their stockholders.
D)  commitment to a management training program.E) B) and C)
F) All of the above

Question 6

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

Question 7

Being responsible to your customers may require your firm to provide more information regarding your product than the law demands.

Accepted Answer

A) True 
 B)False  True

Question 8

Corporate standards can lead to unethical behaviour.

Accepted Answer

A) True 
 B)False

Question 9

If a business fails in meeting its responsibilities to its employees,all of the following are likely to occur  except :

Accepted Answer

A)  disgruntled workers manipulating budgets and expenses.
B)  a loss of employee commitment and trust in the company and its management.
C)  reduced employee turnover.
D)  employee retaliation by doing the minimum needed to get by.E) B) and C)
F) C) and D)

Question 10

An ethics officer serves both as a counselor and as an investigator.

Accepted Answer

A) True 
 B)False

Question 11

Out-Tel,a computer chip manufacturer,knowingly sold defective chips and failed to notify customers of the potential problems.When the problem became public knowledge,the firm's stock price fell dramatically.This illustrates the value that investors place on the ethical behaviour of businesses.

Accepted Answer

A) True 
 B)False

Question 12

Sustainable development is the process where companies stay in business and keep growing and developing over time.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following would be a unique focus of an integrity-based ethics code?

Accepted Answer

A)  Increased penalties for code violators.
B)  Shared accountability among employees.
C)  Improved awareness of the relevant laws.
D)  Increased control over employee actions.E) All of the above
F) B) and C) B

Question 14

refers to the standards of moral behaviour.

Accepted Answer

A)  Legality
B)  Integrity
C)  Ethics
D)  ResponsibilityE) All of the above
F) None of the above

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

According to Milton Friedman,businesses can best meet their responsibility to society by:

Accepted Answer

A)  shifting the blame for product liability cases onto the legal system.
B)  creating markets for domestic products.
C)  supporting their preferred government officials.
D)  creating wealth for their stockholders.E) B) and C)
F) A) and C)

Question 17

Many businesses have developed internal procedures to enforce their ethical policies.Which of the following is an example of an outside group urging ethical behaviour in businesses?

Accepted Answer

A)  foreign trade representatives
B)  suppliers
C)  management teams
D)  union officialsE) A) and B)
F) A) and C)

Question 18

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Accepted Answer

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Question 19

Which of the following describes charitable donations by corporations to nonprofit organizations?

Accepted Answer

A)  Structural commitment
B)  Corporate strategy
C)  Corporate responsibility
D)  Corporate philanthropyE) None of the above
F) A) and B)

Question 20

Management can create an environment in which unethical behaviour can develop.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Social Responsibility

People who report illegal or unethical behaviour are known as whistleblowers.

Correct AnswerverifiedShow Answer

One factor causing businesses to vigorously enforce ethical standards is the:

Correct AnswerverifiedShow Answer

Considering the potential impact on others prior to making a decision is consistent with ________ behaviour.

Correct AnswerverifiedShow Answer

Trust between workers and managers must be based on a foundation of fairness,honesty,openness,and moral integrity.

Correct AnswerverifiedShow Answer

Corporate social responsibility describes the firm's:

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

Being responsible to your customers may require your firm to provide more information regarding your product than the law demands.

Correct AnswerverifiedTrue

Corporate standards can lead to unethical behaviour.

Correct AnswerverifiedShow Answer

If a business fails in meeting its responsibilities to its employees,all of the following are likely to occur except :

Correct AnswerverifiedShow Answer

An ethics officer serves both as a counselor and as an investigator.

Correct AnswerverifiedShow Answer

Out-Tel,a computer chip manufacturer,knowingly sold defective chips and failed to notify customers of the potential problems.When the problem became public knowledge,the firm's stock price fell dramatically.This illustrates the value that investors place on the ethical behaviour of businesses.

Correct AnswerverifiedShow Answer

Sustainable development is the process where companies stay in business and keep growing and developing over time.

Correct AnswerverifiedShow Answer

Which of the following would be a unique focus of an integrity-based ethics code?

Correct AnswerverifiedB

refers to the standards of moral behaviour.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

According to Milton Friedman,businesses can best meet their responsibility to society by:

Correct AnswerverifiedShow Answer

Many businesses have developed internal procedures to enforce their ethical policies.Which of the following is an example of an outside group urging ethical behaviour in businesses?

Correct AnswerverifiedShow Answer

An ethics office must be set up with phone lines to allow employees to report questionable activities.

Correct AnswerverifiedAn ethics office must be set up with phone lines to allow employees to report questionable activities.

Which of the following describes charitable donations by corporations to nonprofit organizations?

Correct AnswerverifiedShow Answer

Management can create an environment in which unethical behaviour can develop.

Correct AnswerverifiedShow Answer

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True

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B

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An ethics office must be set up with phone lines to allow employees to report questionable activities.

Correct Answer
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Correct Answer
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