Ethics and CSR in Business

Which of the following best distinguishes ethics from law?

• a) Ethics are enforced by government, laws are personal choices

• b) Ethics are universal, laws differ by country

• c) Ethics go beyond legal requirements, laws set minimum standards

• d) Ethics and laws are the same in practice

A company refusing to exploit a legal loophole in worker contracts reflects:

• a) Legal compliance

• b) Ethical decision-making

• c) Philanthropy

• d) Sustainability

Which statement is true?

• a) Law defines what organizations should do, ethics what they must do

• b) Ethics define what organizations must do, law what they should do

• c) Law defines minimum behavior, ethics guide ideal behavior

• d) Ethics are enforced by government agencies

In the SXM tourism industry, safety standards in hotels are an example of:

• a) Ethical expectations

• b) Legal requirements

• c) Corporate philanthropy

• d) Sustainability practices

Paying workers a living wage in SXM hotels, despite a lower legal minimum wage, is an example of:

• a) Legal compliance

• b) Ethical responsibility

• c) Economic profit motive

• d) Sustainability policy

Laws are often described as:

• a) Voluntary guidelines for business behavior

• b) Principles based on cultural norms

• c) The lowest standard of acceptable conduct

• d) Aspirations for ideal fairness

A business avoiding environmental harm because it is the “right thing to do” rather than because of regulation reflects:

• a) Ethical responsibility

• b) Legal enforcement

• c) Philanthropic action

• d) Profit-maximization

Which of the following is NOT an example of ethics in business?

• a) Transparent reporting to stakeholders

• b) Avoiding tax loopholes

• c) Adhering to government-mandated waste disposal laws

• d) Promoting employee well-being beyond legal requirements

Laws regarding waste disposal in SXM’s tourism industry are primarily an example of:

• a) Ethics

• b) Law

• c) Philanthropy

• d) Sustainability

The guiding principle of ethics in organizations is based on:

• a) Court rulings

• b) Culture, values, and personal judgment

• c) Government enforcement

• d) Market competition