Question 1

The CEO of TRA Corp.has stated publicly that his company will do everything that is legally required of it,but it will not contribute to charitable causes.TRA Corp.'s position is consistent with which stance to social responsibility?

Accepted Answer

Defensive

Question 2

If the Lexington Corporation's mission statement shows a primary commitment to compassionately improve the lives of elderly citizens,which of the following is least likely to be true with respect to the company's ethical code?

Accepted Answer

Elderly citizens are expected and required to contribute to society.

Question 3

Lance owns a small business where he sells his own paintings.He really wants to help aspiring artists,but hasn't assisted very many of them to this point.What is the MOST likely reason for this?

Accepted Answer

He doesn't have the time or money to help aspiring artists.

Question 4

McDonald's established Ronald McDonald House to provide lodging for families of children who are hospitalized away from home.This approach to social responsibility would best be classified as a(n)

Accepted Answer

proactive stance.

Question 5

Cartier Partners Financial Services Inc.provides the local swim team with a cash donation to help pay for the swim meet each year,but the team has to make its case to the company each year.Cartier's stance to social responsibility is

Accepted Answer

accommodative.

Question 6

Carl and Kelly have opened a gymnastics center.If they want to behave in a socially responsible fashion,which action should they definitely avoid?

Accepted Answer

Purchasing substandard gym equipment

Question 7

Exxon's response to the Valdez oil spill in Alaska some years ago has been criticized on several fronts.Some say the company waited too long to respond,and that when the response came it was very weak.But Exxon points out that they cleaned up the spill and that they have gone out of their way to bring the area back to conditions that existed before the spill.This stance to social responsibility would best be classified as

Accepted Answer

accommodative.

Question 8

A survey of 93 large Canadian companies found that ____ percent made a charitable contribution of some sort,and that the median value of their contributions was $________.

Accepted Answer

97; $340 000

Question 9

Jays Inc.dumped toxic chemicals in the river next to their factory.Upon being caught,Jays Inc.not only denied their wrongdoings,they went to great lengths to hide their behaviour.Jays Inc.is taking a(n)________ stance to social responsibility.

Accepted Answer

obstructionist

Question 10

The _________ stance to social responsibility means that a business firm goes beyond the bare minimum expectations of the law if asked.

Accepted Answer

accommodative

Question 11

Silky Soap Co.recently received complaints that its product (which was recently reformulated to use reduce costs)is causing users to experience skin rashes.Which of the following is NOT a strategic option to deal with the problem?

Accepted Answer

Ignore the problem and hope it will go away.

Question 12

Which of the following is a reason for businesses to assume a socially responsible role?

Accepted Answer

All of the above are reasons.

Question 13

A(n)________ stance to social responsibility involves denying or covering up violations.

Accepted Answer

obstructionist

Question 14

Estevan Wire and Cable has taken a defensive stance towards social responsibility.This means that

Accepted Answer

it should take on only the minimal amount of responsibility required by law and standard business practice.

Question 15

Yorkton Electric has taken an accommodative stance towards social responsibility.This means that

Accepted Answer

it will respond to social concerns beyond the bare minimum if specifically asked.

Question 16

Robert,a CEO,is trying to decide whether to cut a budget item that is allocated to help construct shelters for the homeless.After getting advice from workers and considering his own ethical views,Robet decides to not cut these funds,even though the decision means that the company will likely make less profit as a result.What is the most likely reason Robert made this decision?

Accepted Answer

When he asked several workers what they would do if they were in his shoes,he received mixed responses.

Question 17

Which of the following social responsibility strategies is typically being used by a business firm which supports the Girl Guides,hockey teams,and youth soccer?

Accepted Answer

Accommodative stance

Question 18

Managers at Lion Brand Oatmeal are touting the benefit of aligning the company with a national nonprofit organization like the Canadian Heart Association,but the CEO is opposed to the idea.Which of the following statements would support the CEO's position?

Accepted Answer

If the nonprofit organization happened to receive some negative publicity in the future,consumers might develop an aversion to the company's products.

Question 19

Which of the following illustrates the defensive stance to social responsibility?

Accepted Answer

Tobacco companies place health warning labels on their products because they are required to do so by the government.

Question 20

Which of the following social responsibility strategies is used by the Trillium Foundation,which requests proposals from charity organizations who require financial support?

Accepted Answer

Proactive

Quiz 3: Conducting Business Ethically and Responsibly