FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 5: Ethics and Social Responsibility

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 51

Essay

Review LaterAdd Note

Review Later

The ethics must be strictly enforced with timely action if any rules are broken.

Correct Answer

verified

The ethics must be s...

View Answer

Show Answer

Question 52

Multiple Choice

Review LaterAdd Note

Review Later

A friend offers to share with you a term paper she prepared for her "Introduction to Business" class last semester.When you tell her that it wouldn't be fair,she reminds you of your habit of reading an entire Harry Potter book at the local bookstore without paying for the book.Which ethics-based question would be the most helpful in evaluating these situations?

A) Who wins and who loses?
B) Am I acting fairly?
C) Is it legal?
D) Will I get caught?

E) A) and B)
F) B) and C)

Correct Answer

verified

Show Answer

Question 53

True/False

Review LaterAdd Note

The majority of CEOs believe that employee misconduct results from a failure in organizational leadership in establishing ethical standards.

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

Give an example of where the Canadian government has gotten involved with business in environmental issues.

Explain the difference between a compliance-based ethics code and an integrity-based ethics code.

A growing number of people feel that an employee's ethics are a personal matter,and have nothing to do with management.

A new law requiring businesses to give 90 day notice of their plans to close an office or factory was recently enacted.This action indicates the public's desire for businesses to behave in a socially responsible manner.

Management and employees at Boyer Enterprises are given time off each year to work in local charities.This firm clearly practices:

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

The brewers of Molson beer encourage their customers to drink responsibly and "know when to say when." This reflects a compliance-based approach to ethics.

Defining a socially responsible company is complicated.We can't seem to agree on what being socially responsible involves.

A(n) ________based ethics code defines corporate values,creates a supportive environment,and stresses shared accountability among employees.

Barney extends his lunch break beyond the allotted time.Wilma uses the office telephone for an unauthorized personal phone call.Fred misrepresents his product to a potential customer.All of these are examples of unethical behaviour.

Environmental quality is known as a _.

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.

When management's primary objective is to the economic interests of shareholders,this is known as what?

An ethical dilemma refers to a situation where you must:

The most basic question in business ethics is,"Is it legal?"

Employees must understand that expectations for ethical behaviour begin at the top and that senior management expects all employees to act accordingly.