Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

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

Question 3

Those who argue in favour of corporate social responsibility suggest that:

Accepted Answer

A)   you need to justify socially responsible behaviour from an investors standpoint only.
B)   being socially responsible is all about being ethical.
C)   business exists only to make money for shareholders.
D)   companies who are perceived as being socially responsible will ultimately earn more profits for their investors.E) B) and C)
F) None of the above

Question 4

Corporate social responsibility describes the firm's:

Accepted Answer

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

Question 5

________-based code of ethics.

Accepted Answer

A)   Internet
B)   personal responsibility
C)   compliance
D)   integrityE) A) and B)
F) B) and C)

Question 6

The ability to leverage CSR initiatives as a key differentiator between two businesses.

Accepted Answer

A) True 
 B)False

Question 7

Codes of ethics foster ethical behavior by

Accepted Answer

A)   expanding the opportunity to behave ethically by providing rewards for following the rules.
B)   limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards.
C)   limiting the opportunity to behave unethically by providing rewards for violations of the rules and standards.
D)   expanding the opportunity to behave ethically by providing punishments for following the rules.
E)   all of the answers are correct.F) A) and C)
G) A) and B)

Question 8

How does a corporation move to a true integration of CSR into corporate strategy?

Accepted Answer

The true integration of CSR initiatives ...

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Written ethics codes influences employees more than management's tolerance or intolerance of ethical misconduct.

Accepted Answer

A) True 
 B)False

Question 11

The most basic ethical concerns have been formalized through laws and regulations that encourage conformity to society's values and norms.

Accepted Answer

A) True 
 B)False

Question 12

Ethics is based solely on legality.

Accepted Answer

A) True 
 B)False

Question 13

Corporate philanthropy refers to the position a firm takes on social and political issues.

Accepted Answer

A) True 
 B)False

Question 14

Studying business ethics will not necessarily

Accepted Answer

A)   help you recognize ethical issues.
B)   help you understand the importance of ethical decisions.
C)   inform you concerning the impact of the work group on ethical decisions.
D)   describe the ethical decision-making process.
E)   tell you what you ought to do.F) C) and D)
G) A) and C)

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

The majority of CEOs blame unethical employee conduct on:

Accepted Answer

A)   the breakdown of traditional religious institutions.
B)   a failure of leadership to establish ethical standards.
C)   the increase in lawsuits used to avoid personal responsibility.
D)   the nation's business schools that tolerate unethical behaviour in students.E) All of the above
F) A) and C)

Question 17

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

Accepted Answer

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

Question 18

Explain why shareholders be willing to sacrifice returns in order to maintain a longer-term social contract in areas which benefit non-financially-committed stakeholders?

Accepted Answer

The answers to the question posed above ...

Question 19

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.

Accepted Answer

A) True 
 B)False

Question 20

Everyone agrees on what constitutes corporate social responsibility.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Corporate Social Responsibility

Explain why shareholders be willing to sacrifice returns in order to maintain a longer-term social contract in areas which benefit non-financially-committed stakeholders?

Correct AnswerverifiedThe answers to the question posed above ...View AnswerShow Answer

The ability to leverage CSR initiatives as a key differentiator between two businesses.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

The most basic ethical concerns have been formalized through laws and regulations that encourage conformity to society's values and norms.

Correct AnswerverifiedShow Answer

Written ethics codes influences employees more than management's tolerance or intolerance of ethical misconduct.

Correct AnswerverifiedShow Answer

Codes of ethics foster ethical behavior by

Correct AnswerverifiedShow Answer

Everyone agrees on what constitutes corporate social responsibility.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Those who argue in favour of corporate social responsibility suggest that:

Correct AnswerverifiedShow Answer

The majority of CEOs blame unethical employee conduct on:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Ethics is based solely on legality.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

How does a corporation move to a true integration of CSR into corporate strategy?

Correct AnswerverifiedThe true integration of CSR initiatives ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Corporate philanthropy refers to the position a firm takes on social and political issues.

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

Corporate social responsibility describes the firm's:

Correct AnswerverifiedShow Answer

Studying business ethics will not necessarily

Correct AnswerverifiedShow Answer

________-based code of ethics.

Correct AnswerverifiedShow Answer

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The answers to the question posed above ...
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The true integration of CSR initiatives ...
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Correct Answer
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