BUS 300 CH. 2 QUIZ

Which of the following statements about ethics training is true?

Ethics training is formal training to develop awareness of inappropriate behavior and to practice appropriate responses.

_____ is the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates.

Strategic giving

_____ is the practice of limiting investments to securities in companies that behave in accordance with the investor's beliefs about ethical and social responsibility.

social investing

_____ is the set of moral standards for judging whether something is right or wrong.

ethics

All businesses approach ethics the same way.

false

Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.

false

The only social responsibility that a company has to its investors is an economic responsibility--it must make a profit.

false

One of the keys to ethical business behavior is:

how the company's top management conduct themselves

A code of ethics:

is accurately described by all of the above

Utilitarianism

is difficult to implement because it is hard to tell how one decision will impact a large number of people

Many weight-loss programs advertise that they can help individuals lose a great deal of weight without any changes in the individual's lifestyle. Typically when the person who has lost the weight leaves the program, he or she regains all the lost weight. This yo-yoing is almost as bad for the body as the excess weight. These weight-loss programs are engaged in _____ behavior.

legal but irresponsible

Wal-Mart ran a series of ads in trade journals with the following headline: "We're Looking for Quality Products That Are Guaranteed Not to Last." What Wal-Mart was in fact doing was asking its suppliers to develop more environmentally friendly products and to use material that could be recycled. This concern about the environment is one way that Wal-Mart practices:

social responsibility

Which of the following is an example of a trend in ethics and social responsibility?

strategic giving

Businesses engage in environmental protection activities to show their responsibility to their general public stakeholders.

true

Organizations can be evaluated on two basic dimensions with regard to social responsibility--legality and responsibility.

true