Ch.3 Business ethics and social reponsibilitie

Which of the following are benefits of being a socially responsible business?

(1) lower production costs

(2) better business reputation

(3) attraction of customers who are also concerned about social responsibility

• (1) and (2) only

• (1) and (3) only

• (2) and (3) only

• (1),(2) and (3)

Which of the following statements about stakeholders of a company is correct?

• Competitors are not stakeholders of a company.

• Stakeholders of a company would be affected by the decisions made by the company.

• All stakeholders can share the assets of the company upon its liquidation.

• A client becomes a company’s stakeholder only after he/she has settled his/her outstanding debts to the company.

Which of the following companies is/are socially responsible?

(1)     A power company which develops new technology to help reduce gas emissions.

(2)     A printing company which accepts many orders from social welfare organisations.

(3)     A trading company which encourages employees to participate in voluntary work to serve the community.

• (1) only

• (1) and (3) only

• (2) and (3) only

• (1),(2) and (3)

Ethnical behaviour in business will _____________________.

(1)   Enhance the public image of a business

(2)   increase the operating costs of a business in the long run

(3)   enable a business to be subject to a lower profits tax rate

• (1) only

• (2) only

• (1) and (3) only

• (2) and (3) onnly

For a toy company, which of the following is not regarded as an example of fulfilling its social responsibility?

• using recycled materials to produce toys

• donating toys to orphanages

• offering 20% discount to customers during Christmas

• improving the working environment of its employees

Which of the following is/are regarded as example(s) of a hotel fulfilling its social responsibilities?

(1) allowing clerical staff to work from home when there are adverse weather conditions

(2) paying the minimum wage to housekeepers

(3) serving sharks fins if requested by customers

• (1) only

• (1) and (2) only

• (2) and (3) only

• (1), (2) and (3)

Which of the following companies does not fulfill its social responsibility towards its stakeholders?

• A company adopts at strict credit policy for its customers.

• A company does not distribute dividend to ordinary shareholders.

• A company charges a higher price than its competitors selling the same type of product.

• A company does not provide training and development opportunities for its employees.