Question 1

How should a businessperson deal with a conflict of interest?

Accepted Answer

The best approach for a businessperson dealing with a conflict of interest is to disclose it or avoid it altogether. Ignoring it can lead to ethical issues, and reporting it only to close friends would not be appropriate or effective in resolving the conflict. Sending an email to a manager could be useful, but the critical action should be disclosing or avoiding the conflict to ensure the integrity of the business and prevent potential legal or ethical consequences.

Question 2

Outside auditors are examining your company's financial records.You know there may be an error and will tell them about it but only if they ask.They do not ask.In this scenario,your ________ could be questioned.

Accepted Answer

Integrity involves being honest and having strong moral principles. In this scenario, there may be a temptation to keep quiet about the error and avoid potential consequences. However, if the individual chooses to disclose the error only if asked, it may raise questions about their integrity and commitment to honesty. It is important to proactively disclose any known errors to ensure transparency and maintain trust with stakeholders.

Question 3

According to Statistics Canada,the diversion of discarded electronic items away from landfill sites has increased by _______ in two years.

Accepted Answer

The answer of According to Statistics Canada,the diversion of discarded...

Question 4

Which of the following is not an example of unethical or illegal acts in the workplace?

Accepted Answer

Whistle-blowing is not an unethical or illegal act in the workplace. In fact, it is often encouraged as a way to report illegal or unethical behavior within an organization. Safety violations and misreporting time on the job are both examples of unethical or illegal acts, while internet abuse can be either depending on the specific situation.

Question 5

Tanisha is a diabetes educator at a local clinic.Recently,she was offered a lavish trip by a sales representative who has been pushing the clinic to use his company's diabetes supplies.Tanisha declined the gift.Which ethical challenge did she face?

Accepted Answer

Tanisha faced a conflict of interest by being offered a lavish trip by a sales representative who is pushing the clinic to use his company's diabetes supplies. By declining the gift, she avoided any potential bias towards that supplier and maintained her ethical responsibility to prioritize the best interests of the clinic and its patients.

Question 6

If a product or package can biodegrade,generating a relatively homogenous and stable humus-like substance,the Competition Bureau of Canada would consider the product to be

Accepted Answer

The definition given in the question for the product or package is that it generates a "relatively homogenous and stable humus-like substance." This is a key characteristic of compostable products. Therefore, if a product or package biodegrades in such a way, it would be considered compostable by the Competition Bureau of Canada.

Question 7

The foundation of an ethical climate is

Accepted Answer

The answer of The foundation of an ethical climate is
...

Question 8

During a meeting with government regulators,Nicole voluntarily points out a potential problem with a new product her company is testing.Nicole has shown ________.

Accepted Answer

Integrity refers to adherence to moral and ethical principles. By voluntarily pointing out a potential problem with a new product, Nicole is demonstrating a commitment to doing the right thing, even if it could potentially have negative consequences for her company. This shows integrity. While honesty, loyalty, and truthfulness are all important traits, they are not necessarily demonstrated solely by the act of pointing out a potential problem with a new product.

Question 9

Technology has ________ ethical issues.

Accepted Answer

Technology has expanded the range of ethical issues by introducing new ways of conducting various activities and creating new situations that require ethical considerations. For example, the use of social media has introduced new issues about privacy, cyberbullying, and online harassment, among others. The development of artificial intelligence and autonomous systems has raised concerns about accountability, transparency, and responsibility, among others. Therefore, technology has broadened the scope of ethical issues that need to be considered and addressed.

Question 10

The Canadian legislation that contains provisions against false or misleading product representations is

Accepted Answer

The Competition Act contains provisions that prohibit false or misleading representations in the marketing and advertising of products and services in Canada. The Act also provides for sanctions against those who engage in such conduct. The other options listed are legislation that deal with human rights and employment equity, but do not specifically address false or misleading product representations.

Question 11

An employee hotline,a telephone number that employees can call anonymously for advice or to report unethical behaviour they have seen is intended to support

Accepted Answer

The answer of An employee hotline,a telephone number that employees...

Question 12

Subway's use of Jared Fogle was in response to which one of the following business social responsibilities?

Accepted Answer

Subway's use of Jared Fogle was in response to their social responsibility towards the general public as Fogle's story of losing weight by eating Subway sandwiches resonated with consumers and helped promote Subway as a healthier fast food option.

Question 13

If a product or package is able to be processed and returned to use in the form of raw materials or products,the Competition Bureau of Canada would consider the product to be

Accepted Answer

If a product or package is able to be processed and returned to use as raw materials or products, it is considered recyclable.

Question 14

Conflicts of interest can be handled ethically by

Accepted Answer

Disclosing conflicts of interest is the ethical way to handle them. This ensures transparency and allows others to assess the situation and determine whether or not the conflict may impact decision-making. Ignoring or hiding conflicts of interest can lead to ethical violations and loss of trust. Doing what everyone else in the organization does in similar situations may also not be ethical if the practice is itself questionable.

Question 15

Which one of the following is not typically considered as a firm's stakeholder?

Accepted Answer

The government is not typically considered a stakeholder in the same way as shareholders, suppliers, and employees, who have direct interests and interactions with the firm.

Question 16

Sofia is an investment advisor and wants to recommend a stock she happens to own.How should Sofia best deal with this potential conflict of interest?

Accepted Answer

Sofia should disclose the fact that she owns the stock while making the recommendation. This allows the client to make an informed decision and take into account any potential bias that Sofia may have in favor of the stock due to her ownership. This transparency helps to maintain the trust and credibility between Sofia and her clients. It is not ethical to make a negative recommendation just because she owns the stock, and making a positive recommendation and then selling the stock may be seen as insider trading. Therefore, the best course of action is to disclose the ownership and make an objective recommendation based on the merits of the stock.

Question 17

Which of the following is not a factor in determining an individual's ethical development?

Accepted Answer

A social audit refers to an assessment of a company or organization's social and environmental performance, and is not directly related to an individual's ethical development. Experiences, religion, and culture are all factors that can influence an individual's ethical development.

Question 18

________ are responsible for conducting employee training programs that help spot potential fraud and abuse within a firm.

Accepted Answer

Ethics compliance officers are specifically tasked with ensuring that a company's employees adhere to ethical standards and compliance regulations. As part of this responsibility, they often conduct employee training programs to educate workers about how to identify and report potential fraud and abuse within the organization. Human resource managers may be involved in some aspects of employee training, but ethics compliance officers are typically the primary responsible party for this function. Department supervisors may also have a role to play in monitoring and reporting potential fraud or abuse, but they are not responsible for conducting training programs to spot such behavior. Social behaviorists are not typically involved in the internal operations of a company and would therefore not be responsible for conducting employee training programs related to fraud and abuse.

Question 19

A Code of Ethics best contributes to

Accepted Answer

The answer of A Code of Ethics best contributes to
...

Question 20

Many people rationalize unethical acts because they ________.

Accepted Answer

Feeling pressured on the job to meet performance goals is a common reason people rationalize unethical acts. This pressure can cause them to prioritize achieving their goals over ethical behavior.

Quiz 2: Business Ethics and Social Responsibility