Question 1

The purpose of the Sarbanes-Oxley Act is to provide financial rewards for whistle-blowers.

Accepted Answer

A) True 
 B)False

Question 2

A business that takes a public position on a political issue is exercising corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 3

One of the fundamental shifts in the integration of strategy and the social agenda is from responding to social issues to treating CSR as a core root of the strategic planning process.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Only corporations have to worry about ethics scandals and social responsibility issues

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is false?

Accepted Answer

A)   Ethical issues are limited to for-profit organizations.
B)   Business ethics goes beyond legal issues.
C)   Ethical conduct builds trust among individuals and in business relationships.
D)   Ethical conflicts may evolve into legal disputes.
E)   Regardless of what an individual feels about a particular action, if society judges it to be unethical, that judgment affects the organization's ability to achieve its objectives.F) B) and C)
G) C) and D)

Question 7

A major social responsibility for business is providing equal opportunities for all employees.

Accepted Answer

A) True 
 B)False

Question 8

Businesses can avoid ethical dilemmas by requiring written contracts with their employees,customers,and owners.

Accepted Answer

A) True 
 B)False

Question 9

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.E) A) and B)
F) All of the above

Question 10

A business's responsibilities to its owners and investors include

Accepted Answer

A)   protecting the owners' rights and investments.
B)   maintaining proper accounting procedures.
C)   providing all relevant information about current and projected performance of the firm.
D)   maximizing their investment in the firm.
E)   all of the answers are correct.F) B) and D)
G) C) and E)

Question 11

One of the fundamental shifts in the integration of strategy and the social agenda is when the organization recognizes that certain social issues impact the key drivers of the organization's competitiveness.

Accepted Answer

A) True 
 B)False

Question 12

Corporate values are:

Accepted Answer

A)   a personal matter to be determined by each employee.
B)   taught by attending company-sponsored seminars.
C)   instilled by the leadership of outside consultants.
D)   learned by observing the actions of others in the organization.E) B) and C)
F) A) and D)

Question 13

Which of the following is NOT one of the "Financial Resource Management" responsibilities?

Accepted Answer

A)   Resource procurement and consumption practices
B)   Financial transparency
C)   Investor relations
D)   Ethical financial reporting practicesE) C) and D)
F) None of the above

Question 14

With respect to business ethics,it can be said that "it takes two to tango." This indicates that:

Accepted Answer

A)   dancing around issues should be part of a firm's code of ethics.
B)   an individual's behaviour is influenced by the behaviour of others.
C)   teamwork eliminates a need for personal ethics.
D)   management is insensitive to ethical issues.E) A) and C)
F) None of the above

Question 15

Which of the following is NOT one of the "Business System Design and Development" responsibilities?

Accepted Answer

A)   Resource procurement and consumption practices
B)   Packaging requirements
C)   Research practices
D)   Outsourcing practices
E)   Consumer safety informationF) A) and E)
G) A) and B)

Question 16

The Sarbanes-Oxley Act and Ontario's Bill C-198 were both passed to

Accepted Answer

A)   punish those who committed accounting fraud in the late 1990s.
B)   improve corporate profits.
C)   help laid-off employees get their jobs back.
D)   help investors recoup their losses.
E)   help restore confidence in Corporate America and Canada.F) A) and B)
G) C) and E)

Question 17

At a recent town hall meeting,citizens expressed concern regarding the impact of a proposed new gambling casino.The owner of the proposed casino responds,"I don't know what all of this fuss is about.I'm just a businessman trying to earn a profit,provide new jobs,and pay taxes." His response reflects a commitment to corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 18

When faced with slow sales and low profits,even managers with strong personal values may feel pressured to compromise those values.

Accepted Answer

A) True 
 B)False

Question 19

Which step is the most critical to help improve business ethics?

Accepted Answer

A)   Top management must adopt and support a corporate code of conduct.
B)   The ethics code must be enforced.
C)   An ethics office must be set up.
D)   Outsiders must be told about the ethics program.E) All of the above
F) C) and D)

Question 20

What is business ethics?

Accepted Answer

Ethics,in its purest sense,reflect the m...

Exam 5: Ethics and Corporate Social Responsibility

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 Answer
verified

Businesses can avoid ethical dilemmas by requiring written contracts with their employees,customers,and owners.

Correct Answer
verified

A major social responsibility for business is providing equal opportunities for all employees.

Correct Answer
verified

When faced with slow sales and low profits,even managers with strong personal values may feel pressured to compromise those values.

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

A business that takes a public position on a political issue is exercising corporate social responsibility.

Correct Answer
verified

Which step is the most critical to help improve business ethics?

Correct Answer
verified

The Sarbanes-Oxley Act and Ontario's Bill C-198 were both passed to

Correct Answer
verified

Which of the following is NOT one of the "Business System Design and Development" responsibilities?

Correct Answer
verified

One of the fundamental shifts in the integration of strategy and the social agenda is when the organization recognizes that certain social issues impact the key drivers of the organization's competitiveness.

Correct Answer
verified

Which of the following statements is false?

Correct Answer
verified

The purpose of the Sarbanes-Oxley Act is to provide financial rewards for whistle-blowers.

Correct Answer
verified

One of the fundamental shifts in the integration of strategy and the social agenda is from responding to social issues to treating CSR as a core root of the strategic planning process.

Correct Answer
verified

A business's responsibilities to its owners and investors include

Correct Answer
verified

With respect to business ethics,it can be said that "it takes two to tango." This indicates that:

Correct Answer
verified

Only corporations have to worry about ethics scandals and social responsibility issues

Correct Answer
verified

What is business ethics?

Correct Answer
verified
Ethics,in its purest sense,reflect the m...
View Answer

Corporate values are:

Correct Answer
verified

Which of the following is NOT one of the "Financial Resource Management" responsibilities?

Correct Answer
verified

Exam 5: Ethics and Corporate Social Responsibility

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

Businesses can avoid ethical dilemmas by requiring written contracts with their employees,customers,and owners.

Correct AnswerverifiedShow Answer

A major social responsibility for business is providing equal opportunities for all employees.

Correct AnswerverifiedShow Answer

When faced with slow sales and low profits,even managers with strong personal values may feel pressured to compromise those values.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A business that takes a public position on a political issue is exercising corporate social responsibility.

Correct AnswerverifiedShow Answer

Which step is the most critical to help improve business ethics?

Correct AnswerverifiedShow Answer

The Sarbanes-Oxley Act and Ontario's Bill C-198 were both passed to

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the "Business System Design and Development" responsibilities?

Correct AnswerverifiedShow Answer

One of the fundamental shifts in the integration of strategy and the social agenda is when the organization recognizes that certain social issues impact the key drivers of the organization's competitiveness.

Correct AnswerverifiedShow Answer

Which of the following statements is false?

Correct AnswerverifiedShow Answer

The purpose of the Sarbanes-Oxley Act is to provide financial rewards for whistle-blowers.

Correct AnswerverifiedShow Answer

One of the fundamental shifts in the integration of strategy and the social agenda is from responding to social issues to treating CSR as a core root of the strategic planning process.

Correct AnswerverifiedShow Answer

A business's responsibilities to its owners and investors include

Correct AnswerverifiedShow Answer

With respect to business ethics,it can be said that "it takes two to tango." This indicates that:

Correct AnswerverifiedShow Answer

Only corporations have to worry about ethics scandals and social responsibility issues

Correct AnswerverifiedShow Answer

What is business ethics?

Correct AnswerverifiedEthics,in its purest sense,reflect the m...View AnswerShow Answer

Corporate values are:

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the "Financial Resource Management" responsibilities?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Ethics,in its purest sense,reflect the m...
View Answer

Correct Answer
verified

Correct Answer
verified