Question 1

Which of the following is not part of a compliance-based ethics code?

Accepted Answer

A)  awareness of the relevant laws.
B)  shared accountability among employees.
C)  increased control over employee actions.
D)  penalties for wrongdoers.E) B) and D)
F) A) and D)

Question 2

Canadian businesses are not socially responsible for the activities of a foreign supplier.

Accepted Answer

A) True 
 B)False

Question 3

Canadian businesses and consumers have little influence over the behaviour of businesses from other countries.

Accepted Answer

A) True 
 B)False

Question 4

Unethical behavior is restricted to for-profit businesses only.

Accepted Answer

A) True 
 B)False

Question 5

When working with international firms,Canadian businesses:

Accepted Answer

A)  expect socially responsible behaviour from their business partners.
B)  feel that their responsibility is limited to Canada.
C)  try to avoid judging their international business partners by Canadian standards.
D)  tend to ignore the ethics of their international partners.E) A) and B)
F) C) and D)

Question 6

Getting even is one of the most powerful incentives for good people to do bad things.

Accepted Answer

A) True 
 B)False

Question 7

The purpose of a(n) _______is to evaluate an organization's progress toward implementing programs to achieve social responsibility.

Accepted Answer

A)  accountability review
B)  social audit
C)  annual report
D)  federal disclosure statementE) A) and C)
F) B) and C)

Question 8

A(n) ________ _-based ethics code emphasizes the prevention of unlawful behaviour by increasing control and penalizing wrongdoers.

Accepted Answer

A)  integrity
B)  compliance
C)  legal
D)  corporate responsibilityE) B) and D)
F) None of the above

Question 9

Insider trading involves:

Accepted Answer

A)  the exchange of assets between companies in the same industry.
B)  a payment or reward for socially conscious behaviour.
C)  investors using private company information to further their own fortunes.
D)  an Internet activity that establishes a barter exchange system between businesses.E) B) and D)
F) A) and D)

Question 10

Which of the following terms describes someone who reports illegal or unethical behaviour?

Accepted Answer

A)  Watch tower sentinel
B)  Horn blower
C)  Integrity watchdog
D)  WhistleblowerE) C) and D)
F) A) and C)

Question 11

In the long run,a firm's loyalty to their employees can pay off financially.

Accepted Answer

A) True 
 B)False

Question 12

Compliance-based ethics codes focus on preventing unlawful behaviour by increasing control and by penalizing wrongdoers.

Accepted Answer

A) True 
 B)False

Question 13

Establishing a formal code of ethics is:

Accepted Answer

A)  growing in popularity.
B)  more common with small businesses than large businesses.
C)  unnecessary given the level of government regulation.
D)  mandated by the Corporate and Criminal Fraud Accountability Act.E) B) and C)
F) A) and C)

Question 14

Obeying the law is_______ ethical behaviour.

Accepted Answer

A)  unlikely to lead to
B)  the opposite of
C)  the first step toward
D)  essentially the same asE) A) and C)
F) A) and D)

Question 15

Ethical behaviour requires more than following the law.

Accepted Answer

A) True 
 B)False

Question 16

All of the following are reasons why a business should be managed ethically except:

Accepted Answer

A)  to please customers,employees,and society.
B)  to attract new customers and retain existing customers.
C)  because strict global regulations require it.
D)  because it is the right thing to do.E) B) and D)
F) None of the above

Question 17

One responsibility of business is to satisfy customers by offering them goods and services of real value.

Accepted Answer

A) True 
 B)False

Question 18

Ethical behaviour will allow a firm to meet its corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 19

As a new employee,Vanessa has heard her boss say,"Do whatever it takes to meet your sales quota.However,anyone caught violating a law will be immediately fired".Vanessa recognizes this as a(n) _________-based code of ethics.

Accepted Answer

A)  personal responsibility
B)  compliance
C)  Internet
D)  integrityE) All of the above
F) A) and B)

Question 20

Given the ethical lapses that are so prevalent today,what can be done to restore trust in the free-market and leaders in general?

Accepted Answer

Those who have broken the law need to be...

Exam 5: Ethics and Social Responsibility

A(n) ________ _-based ethics code emphasizes the prevention of unlawful behaviour by increasing control and penalizing wrongdoers.

Correct AnswerverifiedShow Answer

Given the ethical lapses that are so prevalent today,what can be done to restore trust in the free-market and leaders in general?

Correct AnswerverifiedThose who have broken the law need to be...View AnswerShow Answer

Establishing a formal code of ethics is:

Correct AnswerverifiedShow Answer

One responsibility of business is to satisfy customers by offering them goods and services of real value.

Correct AnswerverifiedShow Answer

Unethical behavior is restricted to for-profit businesses only.

Correct AnswerverifiedShow Answer

When working with international firms,Canadian businesses:

Correct AnswerverifiedShow Answer

Canadian businesses and consumers have little influence over the behaviour of businesses from other countries.

Correct AnswerverifiedShow Answer

Obeying the law is_______ ethical behaviour.

Correct AnswerverifiedShow Answer

Getting even is one of the most powerful incentives for good people to do bad things.

Correct AnswerverifiedShow Answer

In the long run,a firm's loyalty to their employees can pay off financially.

Correct AnswerverifiedShow Answer

Canadian businesses are not socially responsible for the activities of a foreign supplier.

Correct AnswerverifiedShow Answer

Which of the following terms describes someone who reports illegal or unethical behaviour?

Correct AnswerverifiedShow Answer

Compliance-based ethics codes focus on preventing unlawful behaviour by increasing control and by penalizing wrongdoers.

Correct AnswerverifiedShow Answer

As a new employee,Vanessa has heard her boss say,"Do whatever it takes to meet your sales quota.However,anyone caught violating a law will be immediately fired".Vanessa recognizes this as a(n) _________-based code of ethics.

Correct AnswerverifiedShow Answer

Ethical behaviour will allow a firm to meet its corporate social responsibility.

Correct AnswerverifiedShow Answer

The purpose of a(n) _______is to evaluate an organization's progress toward implementing programs to achieve social responsibility.

Correct AnswerverifiedShow Answer

All of the following are reasons why a business should be managed ethically except:

Correct AnswerverifiedShow Answer

Which of the following is not part of a compliance-based ethics code?

Correct AnswerverifiedShow Answer

Insider trading involves:

Correct AnswerverifiedShow Answer

Ethical behaviour requires more than following the law.

Correct AnswerverifiedShow Answer

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Those who have broken the law need to be...
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