BF Ch 2: Business Ethics & Social Responsibility

Beliefs about what is right and wrong or good and bad in actions that affect others

• Ethics
• Business Ethics 
• Values 
• Morals 

T/F: Managerial Ethics include behavior toward employees, the organization, and other economic agencies. 

• True 
• False 

T/F: Assessing ethical behavior can be subjective.

• True 
• False 

The 2 most common approaches to business ethics are adopting written codes and _______?

• Instituting ethics programs
• Establishing a code of conduct
• Assessing ethical behavior 
• Offering employees incentives 

__________ is the overall way in which a business attempts to balance its commitments to relevant groups and individuals in its social environment.

• Social responsibility 
• Business ethics 
• Social optimization
• Social constructs 

How many groups do businesses focus on when it comes to social responsibility?

• 5
• 1
• 4
• 2

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is known as ______.

• Consumerism 
• Communism 
• Socialism 
• Consumer behavior 

T/F: Companies do not have to provide opportunities to balance work and life pressures and preferences.

• True 
• False 

Little league baseball and donating to charitable causes are examples of how ___________ uphold social responsibility. 

• Community 
• Company 
• Customers 

Do companies have a responsibility to the environment?

• Yes
• No