WorksheetsSection 5: Business Ethics & Social Responsibility, Doing Well
Total questions: 10
Worksheet time: 10mins
In order to be considered an ethical business, businesses should not engage in planned obsolescence.
True
False
Which of the following is NOT a component of the triple bottom line?
profits
planet
productivity
people
The obligation of a business to contribute to society is referred to as _____.
planned obsolescence
growthism
societal consumerism
social responsibility
Which of the following statements is true of ethics?
All ethical standards are codified in the law.
Ethics and social responsibility are independent of each other.
Establishing broad agreement on ethical standards is easier when society is diverse.
Actions that are completely legal can still be unethical.
Promoting high-calorie/low-nutrient foods with inadequate information about the risks is a(n) _____ practice.
legal but unethical
illegal and unethical
legal and ethical
illegal but ethical
In the context of business ethics, _____ refers to a decision that involves a conflict of values.
an ethical lapse
ethical hacking
an ethical dilemma
ethical consumerism
Finwes is an advertising company. Because of certain untoward incidents in the company, the management decides to create a formal written document that would guide the employees in making right decisions in various professional situations. In this scenario, the management wants to create a _____.
negotiable instrument
code of merit
code of ethics
document of compliance
Yanmei, an employee at a news agency, learns that the reason her colleague was asked not to pursue a news story further was because the editor of the newspaper was bribed by the concerned party to suppress the matter. Yanmei reveals this information to the chief editor and her colleagues and also reports it to the media. In this scenario, Yanmei is a _____.
social auditor
corporate philanthropist
grandstander
whistle-blower
In the context of social responsibility, _____ include employees and investors who have a personal interest in the performance and actions of an organization.
focus groups
philanthropists
prosumers
stakeholders
One of the ways by which companies can show their responsibility toward the environment is by reducing their _____.
anaerobic digestion
leapfrogging
carbon footprint
green procurement
