Review Activity - Business Ethics

What should you do if you are a marketing manager responsible for promoting a new product. The product's features and benefits have been exaggerated in promotional materials, making it appear superior to competing products

• Continue with misleading promotion to increase sales

• Ignore the concerns and proceed with the promotion as planned

• Modify the promotional materials to accurately reflect the product’s features and

       benefits

• Consult with legal and compliance departments to ensure the promotional materials

       are accurate

What should you do if you are an executive at a company that is facing difficulties. The Company's CEO suggests manipulating financial statements to make the company appear more profitable than it is.

• Follow the CEO’s instructions to improve the company’s financial situation

• Consult with legal experts to understand the potential legal and ethical implications

• Report the CEO’s suggestion to the board of directors and appropriate regulatory

      authorities

• Ignore the suggestions and focus on other strategies to improve the company’s

      financial health

As a socially sensitive entrepreneur, what is the importance of establishing and sustaining a business enterprise?

• It can increase poverty

• It can alleviate poverty

• There is an increase in force labor

• More joblessness and unemployment

How does a socially responsible investment or SRI works in the business set up?

• It alleviates poverty but will not create empowerment

• It will not matter whether there are lots of unemployed people

• It gives advantage populations a path to human development and economic  prosperity

• They require easily accessible, low cost, and amenable funds and technology that

       can be sustained in the long-term rather than be some quick-fix solution

Why are people attracted more to sustainable business enterprises?

• It is because they feel embarrassed to work for a prestigious organization

• No matter how tiring the work is, he/she will just say repeatedly “I love my job”

• It is because no matter what the values of the work/management is, as long as the job seeker has a work, he/she will still work

• It suggests that if a company genuinely cares about the well-being of the greater society, it would therefore stand to reason that it likely treats its employees well

Which of the following terms describes a business approach that seeks to generate positive social and environmental impact alongside financial returns?

• Greenwashing

• Hostile takeover

• Shareholder activism

• Social entrepreneurship

Which of the following potential benefits incorporate ethical considerations into business decision-making?

• Increased risk of legal liability

• Decreased costs and expenses

• Improved stakeholder relationships

• Decreased reputation among customers

What is the term used to describe the process of evaluating a company's impact on society and the environment?

• Social Audit

• Sales Analysis

• Marketing Research

• Corporate Governance

What model states that the sole responsibility of the company is to increase its profits?

• Carroll Model

• Stakeholders Model

• Shareholders Model

• Corporate Citizenship Model

Which of the following statements is an example of illegal practice by an employer in the employer-employee relationship?

• Providing a safe and healthy work environment

• Providing paid time off for employees to vote in elections

• Engaging in discriminatory hiring practices based on race or gender

• Offering reasonable accommodations for employees with disabilities