Tutorial Games 1 (L1 to L3)

What are individual beliefs about what is right and wrong or good and bad referred to as?

• values

• cultures

• rules

• laws

• ethics

When a multinational organization supports its commitment to stakeholders, which stakeholders are they most concerned with?

• The stakeholders in their home country

• The stakeholders where most sales are made

• The stakeholders in emerging markets

• The stakeholders represented by the government

• The stakeholders in every country where business is done

Firms that meet, and occasionally exceed, legal and ethical requirements, take what type of social responsibility stance?

• Proactive

• Social accommodation

• Defensive

• Accommodative

• Obstructionist

Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?

• Identity theft

• A margin purchase

• Insider trading

• Collusion

What is the result of two or more firms collaborating on a wrongful act, such as price fixing?

• Unfair pricing

• Price gouging

• Product collaboration

• Collusion

• Consumerism

What is the term for an employee who discovers an illegal or unethical activity and tries to put an end to it?

• Inside trader

• Whistle-blower

• Obstructionist

• Colluder

• Accommodator

A new business should have enough capital to operate at least how many months without earning a profit?

• 1

• 2

• 4

• 6

• 9

Those firms that look for opportunities to contribute because of a sincere desire to improve social welfare take what type of social responsibility stance?

• Obstructionist

• Accommodative

• Social accommodations

• Defensive

• Proactive

Which of the following should be the first step in assessing ethical behavior in a certain situation?

• Seek the advice of managers.

• Make a judgment based on the outcome of the activity.

• Consider appropriate moral values.

• Collect facts related to the situation.

• Gather a range of opinions on the effectiveness of the policy.

What does an entrepreneur use to operationalise and think-through his or her business strategy for a proposed new venture?

• Success chart

• Director's guideline

• Financial blueprint

• Business plan

• Balance sheet