Ethics and Corporate Social Responsibility- video quiz

Theo Chocolate’s goal to operate business in a way that provides wide-ranging benefits to society is called:

• social responsibility

• code of ethics

• personal philanthropy

• entrepreneurship

Managers at Theo Chocolate address social and environmental issues at work using all of the following means except

• sourcing organically grown cocoa beans.

• monitoring the environmental impact of the manufacturing process

• making profitability the sole measure of success

• emphasising conservation throughout the company’s supply chain

According to Joe Whinney, which of the following statements is true?

• Businesses always create social and environmental problems.

• Businesses always solve social and environmental problems

• Businesses have no impact on social and environmental problems.

• Businesses can be managed in a way that either solves or causes social and environmental problems

Theo Chocolate measures its value to society by

• the efficiency of its chocolate making process

• the company’s impact on consumers, farmers and the natural environment

• the ability to maximise profits

• the ability to provide low cost goods

According to CEO Joe Whinney, Theo Chocolate’s commitment to fair trade is intended to offer maximum benefit to

• shareholders

• employees

• the natural environment

• cocoa farmers

Joe Whinney’s ethical approach to managerial decision making is best categorised as

• principle of personal virtue

• principle of government intervention

• principle of utilitarian benefits

• principle of long-term self-interest

Vice President Debra Music evaluates Theo Chocolate’s performance based on the company’s ability to meet a triple bottom line. Which of the following is not a component of the triple bottom line

• Planet

• People

• Profits

• Partners

Which of the following would not likely be an example of ‘doing well by doing good’ in the eyes of Theo Chocolate managers

• Hold company accountable to fair trade standards

• Use recycled packaging

• Promote habitat preservation and reforestation in cocoa growing regions

• Use pesticides to protect cocoa crops

What should managers at Theo Chocolate do if the company’s social objectives come into severe conflict with the company’s economic objectives

• Focus on meeting economic objectives to avert bankruptcy

• Focus on meeting social objectives and risk bankruptcy

• Create a code of ethics

• Create executive-level sustainability position in the company