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WorksheetsChap 2 - Business Ethics & Social Responsibility
Total questions: 15
Worksheet time: 5mins
Which of the following should be the first step in assessing ethical behavior in a certain situation?
Seek the advice of managers.
Make a judgment based on the outcome of the activity.
Collect facts related to the situation.
Gather a range of opinions on the effectiveness of the policy.
What is likely the single MOST effective step that a company can take to set ethical standards?
Suggest that employees take ethics training.
Post ethical rules on bulletin boards.
State that the workplace values diversity.
Demonstrate support from top management.
How do top managers BEST demonstrate a commitment to ethical business practices?
By adopting and enforcing written codes of ethics
By decentralized decision-making practices
By cooperating with other companies
By monitoring employees' web searches
When an activity benefits an individual but not the employer, what ethical dilemma has been created?
Lack of social responsibility
Conflict of interest
Violation of the code of conduct
Conflict of morals
Standards that help to shape behaviors towards employees, the organization, and other economic agents are
social responsibilities.
values.
managerial ethics.
morals.
What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment?
Social responsibility
Business ethics
Socialization
Corporatization
Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?
Identity theft
A guarantee
Insider trading
Collusion
What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?
Prevent insider trading
Guarantee the accuracy of financial reporting
Engage in strategic management
Oversee the implementation of ethical standards
When working to protect the environment, what type of pollution is created by carbon monoxide and other chemicals produced by manufacturing plants?
Noise
Land
Water
Air
When a firm modifies a production process to limit the consumption of valuable resources, and promotes the product produced as environmentally friendly, what business practice are they engaging in?
Consumerism
Recycling
Green marketing
Collusion
What stance do firms who do as little as possible to solve social or environmental problems take?
Obstructionist
Social accommodation
Defensive
Accommodative
If a manager believes their job is to generate profits and is willing to do everything legally required, but no more, what social responsibility stance is being taken?
Proactive
Accommodative
Obstructionist
Defensive
Firms that meet, and occasionally exceed legal and ethical requirements take what type of social responsibility stance?
Accommodative
Proactive
Defensive
Obstructionist
How does the government affect the idea of social responsibility in a planned economy?
The government heavily regulates business activities to ensure the business supports social ideals.
The government passes laws to make sure business interests do not damage society.
The government attempts to offset small business restrictions.
The government requires higher stakeholder returns.
In what way can the government use indirect regulation to affect social responsibility?
Enacting laws
Imposing fines to violators
Cooperating with foreign governments
Providing tax incentives
