Question 1

Which act requires that all ingredients be listed on product labels so consumers are fully informed?

Accepted Answer

The FDA (Food and Drug Administration) requires that all ingredients be listed on product labels so consumers are fully informed. This is important for those with food allergies or sensitivities, as well as for those who aim to make informed decisions about the products they consume.

Question 2

Your educational institution has increased its effort to reduce the use of paper and get closer to 'paperless' operations. All the faculty, staff, and students have responded very well to this campaign and recent advertisement from the school emphasizes this environmentally friendly operation. In this scenario, the advertisement forms part of the school's ___ strategy.

Accepted Answer

The school's advertisement emphasizes environmentally friendly operation, which falls under the concept of green marketing. Green marketing aims to promote products, services, or companies that are eco-friendly or promote environmental sustainability.

Question 3

Complete the following using the terms listed.
-Management's acceptance of the obligation to consider profit, consumer satisfaction, and societal well-being of equal value in evaluating the firm's performance is ___.

Accepted Answer

Social responsibility refers to a business's obligation to consider the impact of its decisions and actions on society as a whole, including factors such as profit, consumer satisfaction, and societal well-being. It involves balancing the interests of different stakeholders, including customers, employees, and the broader community.

Question 4

Complete the following using the terms listed.
-A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n) ___.

Accepted Answer

A code of conduct outlines specific ethical guidelines and expectations for employees to follow in their actions and decisions within an organization.

Question 5

When Canadian Tire uses its Jump Start program to promote sports programs for children from low-income families, the company is practising

Accepted Answer

Canadian Tire is demonstrating social responsibility by using its Jump Start program to promote sports programs for children from low-income families. This program is designed to address a social issue, which is the lack of access to sports programs for children from low-income backgrounds. Through its Jump Start program, Canadian Tire is helping to increase access to sports programs for these children, which is an example of social responsibility.

Question 6

Complete the following using the terms listed.
-A situation where a business decision may be influenced by the potential for personal gain is a(n) ___.

Accepted Answer

A conflict of interest occurs when someone is in a position to take advantage of their personal interests or relationships for business gain. This can lead to unethical decision-making and compromised integrity. It is important for businesses to have policies and procedures in place to identify and avoid conflicts of interest.

Question 7

Complete the following using the terms listed.
-Having ___ means adhering to deeply felt ethical principles in all business situations.

Accepted Answer

The term "integrity" refers to adhering to deeply felt ethical principles in all business situations.

Question 8

The public demand that businesses give proper consideration to consumer wants and needs in making its decisions is known as ___.

Accepted Answer

Consumerism refers to the advocacy of protecting and promoting the rights and interests of consumers, which includes the demand for businesses to consider consumer wants and needs in decision-making. Political activism refers to the use of political action to bring about social or political change, conservation refers to the protection and preservation of natural resources, and ethics refers to principles of right and wrong conduct.

Question 9

The doctrine of "the right to be heard" would be best reflected by ___.

Accepted Answer

The right to be heard means that consumers have the right to express their complaints and concerns about products or services. Establishing a consumer appeals board would provide consumers with a formal process to voice their complaints and have them addressed by the company, ultimately reflecting the doctrine of the right to be heard.

Question 10

Complete the following using the terms listed.
-A provincial organization responsible for setting workplace safety and health standards is the ___.

Accepted Answer

The provincial organization responsible for setting workplace safety and health standards is the Workers' Compensation Board of Alberta.

Answer: I
 A code of conduct outlines an organization's values, principles, and expectations for ethical behavior.

Answer: M
 The Canadian Human Rights Act prohibits discrimination based on prohibited grounds such as race, gender, and religion.

Answer: N
 Whistle-blowing refers to the act of reporting unethical or illegal behavior in an organization.

Note: The other terms listed do not fit the description given.

Question 11

On average, women with a college degree earn less money than men with a college degree. This is an example of

Accepted Answer

The fact that women with a college degree earn less money than men with a college degree is an example of sexism, which is a form of gender-based discrimination. It is a systemic issue that affects women in the workplace, and it highlights the need for change to achieve greater gender equality.

Question 12

The ___ defines the standards for safety and advertising to be followed by makers of drugs, cosmetics, and therapeutic devices.

Accepted Answer

The Food and Drug Act specifically regulates drugs, cosmetics, and therapeutic devices by setting safety and advertising standards for their makers to follow. OSHA is focused on workplace safety, Consumer Compliance is not a specific government agency, and the SEC deals with securities and financial markets.

Question 13

Rene's boss has offered him a raise if Rene agrees to spend the night with her. This is an example of

Accepted Answer

This is a clear example of sexual harassment, as Rene's boss is attempting to use their position of power to coerce him into a sexual encounter in exchange for a work-related benefit (raise). This behavior is illegal and unethical.

Question 14

Canada's Bill 198 and the Sarbanes-Oxley Act of the United States can both ___.

Accepted Answer

Both Bill 198 in Canada and the Sarbanes-Oxley Act in the United States place an emphasis on the need for companies to develop written codes of ethics to guide ethical behaviour in the workplace. These laws aim to promote transparency and accountability in business practices, which can ultimately lead to a more ethical corporate culture.

Question 15

All of the following groups are specifically identified by the federal Employment Equity Act EXCEPT ___.

Accepted Answer

The federal Employment Equity Act specifically identifies women, members of minority groups, and members of religious groups as groups that have faced systemic discrimination and are therefore entitled to protection under the law. Obese persons, however, are not specifically identified as a protected group under this act.

Question 16

Complete the following using the terms listed.
-The standards of conduct and moral values governing actions and decisions in the work environment are ___.

Accepted Answer

The answer of Complete the following using the terms listed.
-The...

Question 17

Complete the following using the terms listed.
-___ is an employee's disclosure to company officials, government authorities, or the media of illegal, immoral, or unethical practices of his or her employer.

Accepted Answer

Whistle-blowing is when an employee discloses illegal, immoral, or unethical practices of his or her employer to company officials, government authorities, or the media.

Question 18

All of the following are current social issues related to business's responsibilities to employees EXCEPT ___.

Accepted Answer

Discrimination against workers under the age of 40 is not currently a commonly recognized social issue related to business's responsibilities to employees. However, discrimination against workers over 40 years of age is recognized as an issue, as well as sexual harassment, and quality of life issues such as work-life balance and fair wages.

Question 19

___ investigate suspicions of unethical or illegal behaviours by publicly traded companies in order to protect investors.

Accepted Answer

Provincial securities regulators are responsible for overseeing the securities industry and protecting investors by investigating suspicions of unethical or illegal behaviors by publicly traded companies.

Question 20

Consumer rights include all of the following EXCEPT the right to ___.

Accepted Answer

The right to boycott is not explicitly listed as one of the main consumer rights, which includes the right to choose, be heard, and be informed. While boycotting may protect consumer rights in specific instances, it is not necessarily a guaranteed right under consumer protection laws.

Quiz 2: Business Ethics and Social Responsibility

Which act requires that all ingredients be listed on product labels so consumers are fully informed?

Complete the following using the terms listed. -Management's acceptance of the obligation to consider profit, consumer satisfaction, and societal well-being of equal value in evaluating the firm's performance is ___.

Complete the following using the terms listed. -A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n) ___.

When Canadian Tire uses its Jump Start program to promote sports programs for children from low-income families, the company is practising

Complete the following using the terms listed. -A situation where a business decision may be influenced by the potential for personal gain is a(n) ___.

Complete the following using the terms listed. -Having ___ means adhering to deeply felt ethical principles in all business situations.