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Exam 4: Business Ethics Social Responsibility: Doing Well by Doing Good

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Question 41

Multiple Choice

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One core responsibility of business is to deliver consumer value by providing quality products at fair prices. _____ are critical components of this equation.

A) Ethnocentrism and nepotism
B) Honesty and communication
C) Loyalty and integrity
D) Collusion and apathy

E) A) and B)
F) C) and D)

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Question 42

Multiple Choice

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Companies that step in with on-site day care programs for employees facing challenges such as caring for elderly parents are fulfilling their:

A) stakeholder criterion.
B) social responsibility.
C) legal obligation.
D) fiduciary duty.

E) All of the above
F) C) and D)

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Question 43

Multiple Choice

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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 _____.

In the context of the core values identified by the Character Counts organization, being honest, not deceiving, cheating, or stealing, and doing what you say you'll do represent the universal ethical standard of _____.

In the context of creating and maintaining ethical work environments, define and briefly discuss code of ethics.

The _____ limits conflict-of-interest issues by restricting the consulting services that accounting firms can provide for the companies they audit.

Universal ethical standards can solve the problem of too many people viewing ethics as _____.

CappaStreet is a company that produces gourmet coffee. The company's employees, the coffee bean growers who supply raw materials to the company, the people who purchase its coffee, and the people who live in the community where the company has its production unit are CappaStreet's:

The obligation of a business to contribute to society is referred to as _____.

_____ is a widely accepted social movement that supports a buyer's right to be informed, to be safe, to choose, and to be heard.

In the context of business ethics, _____ refers to a decision that involves a conflict of values.

Rupert is an individual who believes in contributing to the community by using eco-friendly products. In the context of universal ethical standards, Rupert most likely possesses the core value of _____.

In the context of ethical behavior, encouraging fraudulent accounting is illegal and unethical.

One of the ways by which companies can show their responsibility toward the environment is by reducing their _____.

Promoting high-calorie/low-nutrient foods with inadequate information about the risks is a(n) _____ practice.

Aragon, a brand of inverters, provides products that work well in the first year of their use. The performance of the products, however, starts declining after the first year, and the products eventually become unusable within a short period of time. The pattern of breakdown is similar for all Aragon inverters. Reports suggest that Aragon intentionally creates inferior products to increase repurchases. In the given scenario, Aragon is guilty of _____.

In the context of the legal and ethical dimensions of business conduct, it is illegal but ethical to:

Anderson invested $1 million in a company called Ladmen Corp. He, therefore, has a personal interest in the company's profits and its new ventures. Given this information, Anderson is a _____ in Ladmen Corp.

Research from the Ethics Resource Center (ERC) showed that companies behave differently during economic difficulties. When employees perceive the decisions and behaviors of their leaders as a heightened commitment to ethics, they are most likely to:

In the context of social responsibility, a corporation that does not have profits as a first priority is referred to as a B-Corp, which stands for _____.