Question 1

Integrity-based ethics codes are based on avoiding legal punishment.

Accepted Answer

A) True 
 B)False

Question 2

Corporate values,like personal values,are learned by observing what others do.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following terms describes someone who reports illegal or unethical behaviour?

Accepted Answer

A)  Whistleblower
B)  Horn blower
C)  Watch tower sentinel
D)  Integrity watchdogE) None of the above
F) B) and C)

Question 4

In the long run,a firm's loyalty to their employees can pay off financially.

Accepted Answer

A) True 
 B)False

Question 5

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.

Accepted Answer

A) True 
 B)False

Question 6

In order to be successful,efforts to improve the ethical behaviour of businesses must begin with top management's support of a corporate code of conduct.

Accepted Answer

A) True 
 B)False

Question 7

Insider trading provides the information needed for the securities market to operate fairly and efficiently.

Accepted Answer

A) True 
 B)False

Question 8

The Hummer Corporation has recently instituted a corporate ethics code.The president of the company realizes that ethical relationships are based on:

Accepted Answer

A)  trust and cooperation.
B)  strict penalties for illegal activities.
C)  a well-developed corporate code of ethics.
D)  watchdogs and whistleblowers.E) B) and D)
F) C) and D)

Question 9

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

Accepted Answer

A)  legal
B)  anti-social
C)  ethical
D)  self-motivatedE) All of the above
F) A) and D)

Question 10

Doogid Corporation would like its employees,customers,and the general public to be aware of the activities and programs they have done for the community over the past year.The company might consider doing a:

Accepted Answer

A)  contributory analysis.
B)  responsibility review.
C)  social audit.
D)  annual payment report.E) B) and D)
F) None of the above

Question 11

Promoting social justice is a responsibility of society,but not businesses.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is the most important step to help improve Canada's business ethics?

Accepted Answer

A)  Middle management support.
B)  Training.
C)  Enforcement.
D)  Identification of the organizational ethics officer.E) B) and D)
F) None of the above

Question 13

In an effort to help employees resist the pressure to make an unethical decision,the Johnston Petroleum Company has communicated their code of ethics statement to their suppliers,subcontractors,distributors,and customers.This approach is consistent with a(n) :

Accepted Answer

A)  integrity-based ethics code.
B)  compliance-based ethics code.
C)  response to a government mandate.
D)  personal responsibility commitment.E) A) and D)
F) B) and C)

Question 14

Businesses with a formal code of ethics are less common now than in the past.

Accepted Answer

A) True 
 B)False

Question 15

Sustainable development means:

Accepted Answer

A)  using processes to sustain a business through good times and bad.
B)  implementing a social audit.
C)  selling your product in the developing world.
D)  implementing environmental,economic and social considerations into decision making.E) None of the above
F) B) and C)

Question 16

Establishing a formal code of ethics is:

Accepted Answer

A)  more common with small businesses than large businesses.
B)  unnecessary given the level of government regulation.
C)  growing in popularity.
D)  mandated by the Corporate and Criminal Fraud Accountability Act.E) All of the above
F) B) and D)

Question 17

Identify and discuss the social responsibilities of a firm to three stakeholder groups.

Accepted Answer

Customers Businesses are responsible to ...

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

When faced with an ethical dilemma it might be helpful to ask yourself,is it legal? Give an example of a situation where you could ask yourself,am I violating any law or company policy?

Accepted Answer

Whether you are thinking about...

Question 20

The question "Is it legal"? establishes ethical behaviour.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Social Responsibility

Promoting social justice is a responsibility of society,but not businesses.

Correct AnswerverifiedShow Answer

When faced with an ethical dilemma it might be helpful to ask yourself,is it legal? Give an example of a situation where you could ask yourself,am I violating any law or company policy?

Correct AnswerverifiedWhether you are thinking about...View AnswerShow Answer

In the long run,a firm's loyalty to their employees can pay off financially.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following terms describes someone who reports illegal or unethical behaviour?

Correct AnswerverifiedShow Answer

The question "Is it legal"? establishes ethical behaviour.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

The Hummer Corporation has recently instituted a corporate ethics code.The president of the company realizes that ethical relationships are based on:

Correct AnswerverifiedShow Answer

Identify and discuss the social responsibilities of a firm to three stakeholder groups.

Correct AnswerverifiedCustomers Businesses are responsible to ...View AnswerShow Answer

Which of the following is the most important step to help improve Canada's business ethics?

Correct AnswerverifiedShow Answer

Insider trading provides the information needed for the securities market to operate fairly and efficiently.

Correct AnswerverifiedShow Answer

Businesses with a formal code of ethics are less common now than in the past.

Correct AnswerverifiedShow Answer

Corporate values,like personal values,are learned by observing what others do.

Correct AnswerverifiedShow Answer

Doogid Corporation would like its employees,customers,and the general public to be aware of the activities and programs they have done for the community over the past year.The company might consider doing a:

Correct AnswerverifiedShow Answer

Establishing a formal code of ethics is:

Correct AnswerverifiedShow Answer

Sustainable development means:

Correct AnswerverifiedShow Answer

In an effort to help employees resist the pressure to make an unethical decision,the Johnston Petroleum Company has communicated their code of ethics statement to their suppliers,subcontractors,distributors,and customers.This approach is consistent with a(n) :

Correct AnswerverifiedShow Answer

Integrity-based ethics codes are based on avoiding legal punishment.

Correct AnswerverifiedShow Answer

In order to be successful,efforts to improve the ethical behaviour of businesses must begin with top management's support of a corporate code of conduct.

Correct AnswerverifiedShow Answer

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Whether you are thinking about...
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Customers Businesses are responsible to ...
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