Business Ethics Quiz

What is one of the social responsibilities of business organisations in contemporary society?

• Maximising profits at all costs

• Ignoring environmental impacts

• Contributing to the sustainability agenda

• Reducing employee benefits

What does corporate social reporting involve?

• Reporting only financial profits

• Ignoring social impacts

• Reporting on social and environmental impacts

• Focusing solely on marketing strategies

According to the socioeconomic view, corporations are responsible to whom?

• Society as a whole

• Only shareholders

• Only employees

• Only customers

Which social responsibility stance involves legal compliance and making a profit?

• Enlightened self-interest

• Forum for stakeholder interaction

• Laissez-faire

• Shaper of society

What type of leadership is associated with the Shaper of society stance?

• Supportive

• Champion

• Peripheral

• Visionary

What is the management focus in the Shaper of society stance?

• Board-level issue

• Individual responsibility

• Middle-management responsibility

• Systems to ensure good practice

Which argument for social responsibility involves creating a favourable public image?

• Favourable public image

• Lack of skills

• Too much power

• Violation of profit maximisation

Which argument against social responsibility involves the idea that social goals dilute a business's primary purpose?

• Dilution of purpose

• Public images

• Ethical obligation

• Better environment

Which argument for social responsibility involves long-term financial benefits?

• Long-run profits

• Lack of accountability

• Violation of profit maximisation

• Dilution of purpose

What is a reason against social responsibility that involves the potential for businesses to have excessive influence?

• Too much power

• Public images

• Possession of resources

• Better environment