Deck 2: Business Ethics and Corporate Responsibility

Question 1

What is Ethics to do with?

A)The wider community
B)Business
C)Right and wrong
D)Nothing

Answer 1

Right and wrong

Question 2

Which legislation relates to the concept of business ethics?

A)Freedom of Information Act
B)Food Act
C)Building regulations
D)All of these

Answer 2

Freedom of Information Act

Question 3

A stakeholder orientation includes all of the following activities except:

A)Generating Data About Stakeholder Groups
B)Assessing The Firm's Effects On Stakeholder Groups
C)Distributing Stakeholder Information Throughout The Firm
D)Minimizing The Influence Of Stakeholder Information On The Firm

Answer 3

Minimizing The Influence Of Stakeholder Information On The Firm

Question 4

What type of justice exists if employees are being open, honest, and truthful in their communications at work?

A)Procedural
B)Distributive
C)Ethical
D)Interactional

Question 5

Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can:

A)Increase Revenue
B)Increase Costs
C)Decrease Revenue
D)Decrease Costs

Question 6

Atmospheric issues include all of the following except:

A)Acid Rain
B)Global Warming
C)Air Pollution
D)Water Quantity

Question 7

Most companies begin the process of establishing organizational ethics programs by developing:

A)Ethics Training Programs
B)Codes Of Conduct
C)Ethics Enforcement Mechanisms
D)Hidden Agendas

Question 8

When a firm charges different prices to different groups of customers, it may be accused of:

A)Cultural Relativism
B)Money Laundering
C)Facilitating Payments
D)Price Discrimination

Question 9

Successful global initiatives addressing standards for business must begin and end with:

A)the role of corporate governance and shareholder power in corporate decision making
B)social activism
C)the implementation of standardized ethics programs
D)the consolidation of economic and environmental efforts

Question 10

The social economy partnership philosophy emphasizes:

A)Cooperation And Assistance
B)Profit Maximization
C)Competition
D)Restricting Resources And Support

Question 11

Which of the following is a problem presented by ethics audits?

A)They may be used to reallocate resources
B)They identify practices that need improvement
C)Selecting auditors may be difficult
D)They may pinpoint problems with stakeholder relationships

Question 12

The first step in the auditing process should be to secure the commitment of:

A)Employees
B)Top Executives And Directors
C)Stockholders
D)Customers

Question 13

____________ refers to a strategic process involving stakeholder assessment to create longterm relationships with customers, while maintaining, supporting, and enhancing the natural environment.

A)Eco-strategy
B)Green marketing
C)Superfund reauthorization
D)Recycle and reprocess management

Question 14

A ________ _________ sets out the purpose and general direction for the organisation?

A)Vision
B)Purpose statement
C)Mission statement
D)Profit statement

Question 15

Which of the following would most effectively act as the primary objective of a business organization?

A)To communicate with shareholders.
B)To make a profit.
C)To mediate between the organization and the environment.
D)All of the above.

Question 16

What is the purpose of a balanced scorecard?

A)To relate business performance to financial measures.
B)To measure contribution of people to business growth.
C)To relate business performance to customer satisfaction.
D)To combine a range of qualitative and quantitative indicators of performance.

Question 17

Which of the following does the term Corporate Social Responsibility relate to?

A)Environmental practice.
B)Ethical conduct.
C)Human rights and employee relations.
D)All of the above.

Question 18

Who are organisational stakeholders?

A)Employees
B)Government
C)Customers
D)All of the above.

Question 19

What is Ethics to do with?

A)The wider community.
B)Right and wrong.
C)Business!
D)None of the above.

Question 20

'Ethics deals with the right actions of Individuals' Who said?

A)C S Rao
B)P F Drucker
C)J R Betty
D)DC Zane

Question 21

Which of the following word refers to 'doing business with your grandchildren's interests at heart'?

A)Responsibility
B)Sustainability
C)Agility
D)Integrity

Question 22

Which is the element of business ethics?

A)discipline.
B)It is an art & science both.
C)Good intention.
D)All of the above.

Question 23

'Social responsibility is to pursue those policies & decisions or to follow lines of actions which are desirable in terms of the objective & value of our society' who said??

A)H R Bowen
B)P F Deucker
C)G A Steiner
D)All of the above

Question 24

Which is the principle of corporate responsibility?

A)Trusteeship principle
B)Principle of stewardship
C)Principle of charity
D)All of the above