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Exam 5: Ethics and Social Responsibility

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Question 21

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When it comes to social responsibility,some people feel that "before you can do good,you must do well".This reflects a firm's primary responsibility is to their what?

A) customers.
B) community.
C) investors.
D) employees.

E) B) and D)
F) A) and B)

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Question 22

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Corporate philanthropy refers to the position a firm takes on social and political issues.

A) True
B) False

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Question 23

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Which of these questions can help us avoid a decision that would injure our self-esteem?

Ethical behaviour comes at the expense of stockholder wealth.

A problem with conducting a social audit is establishing procedures for measuring a firm's activities and its effects on society.

Businesses have a social responsibility to create jobs.

Corporate values,like personal values,are learned by observing what others do.

Written ethics codes influence employees more than management's tolerance or intolerance of ethical misconduct.

As a response to the federal government sponsorship scandal,the federal government now requires social audits of all Canadian businesses.

Studies show that consumers are not concerned about the socially conscious behaviour of the firms with which they do business.

When discussing moral and ethical issues,it is helpful to remember that ethical behaviour begins with:

The first step when facing an ethical dilemma is to ask:

Legal behaviour and ethical behaviour are basically the same.

Stories of political leaders accepting bribes in return for their influence have occurred worldwide.Unlike the past,these leaders have been forced to resign under intense public pressure.This indicates that:

Legal behaviour is a first step toward ethical behaviour.

The Hummer Corporation has recently instituted a corporate ethics code.The president of the company realizes that ethical relationships are based on:

Integrity-based ethics codes are similar to compliance-based ethics codes.Which of the following is an objective of compliance-based codes?

Corporate social responsibility refers to the concern businesses have for their employees.

Identify the six-step approach to achieve a long-term improvement of business ethics.

Integrity-based ethics codes are based on avoiding legal punishment.