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Exam 5: Ethics and Social Responsibility

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Question 81

True/False

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Many immoral and unethical acts fall well within our laws.

A) True
B) False

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Question 82

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After developing a code of ethics,it should be communicated to:

A) the police in jurisdictions where the business has operations.
B) stockholders.
C) all levels of management.
D) everyone with whom the business has dealings.

E) B) and D)
F) None of the above

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Question 83

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Investors can profit from choosing to invest their money in companies whose goods and services benefit the community and the environment.

At a recent town hall meeting,citizens expressed concern regarding the impact of a proposed new gambling casino.The owner of the proposed casino responds,"I don't know what all of this fuss is about.I'm just a businessman trying to earn a profit,provide new jobs,and pay taxes".His response reflects a commitment to corporate social responsibility.

Given the level of diversity within Canada,agreement on common standards of ethical behaviour is unachievable.

Corporate philanthropy refers to the position a firm takes on issues that affect society.

A code of ethics designed to avoid criminal misconduct is an example of a compliance-based ethics code.

Businesses can avoid ethical dilemmas by requiring written contracts with their employees,customers,and owners.

Enforcement is perhaps the most important step in an effective code of ethics.

The ethical standards by which international political leaders are judged are less strict today than they were in years past.

The FAIRTRADE mark on a package means what?

The question "Is it legal?" establishes ethical behaviour.

Businesses with a formal code of ethics are less common now than in the past.

Both the strategic and pluralist approaches recognize the responsibility of management to optimize profits.

Minority hiring practices and pollution control are both areas of corporate responsibility.

Ethical behaviour refers to the standards that are accepted by society as right or wrong.

As a manager you are responsible for the unethical behaviour of your employees.

The purpose of the Sarbanes-Oxley Act in the United States is to provide financial rewards for whistle-blowers.

Several outside groups regularly monitor the activities of Metro Chemical Corporation.These groups are interested in the firm's involvement and enforcement of their ethical and social responsibility policies.Who of the following is the least likely to be among the "watchdog" groups?

Ethical behaviour involves the clear and easy choice of right and wrong actions toward others.