Business Chapter 4 Test

in the context of social responsibility, a corporation that does not have profits as a first priority is referred to as a B-Corp, which stands for _____

benefit corp

Krempe Foods, a fast-food chain in Dallas, gives paramount importance to consumer feedback and has a well-established consumer feedback system. Given this information, it can be said that Krempe Foods supports _____.

consumerism

The nonprofit, nonpartisan Character Counts organization has worked with various group of educators and community leaders to establish a set of:

core ethical values that transcend political, religious, class, and ethnic divisions

Jessica Marshall, the CEO of ABD Oil Drilling Inc.

corporate philanthropy

the employees of a multinational company follow a standardized and formal set of written guidelines that help them make right decisions in various situations

created a code of ethics for its members

an ethical dilemma involves clear misconduct at the workplace

false

the number-one goal of any business is to contribute to society

false

in the context of business behavior, producing products that you know will break before their time is illegal and unethical

false

in the context of social responsibility, a corporation that does not have profits as a first priority is referred to as a D-Corp

false

in the context of the legal and ethical dimensions of business conduct, practicing collusion with competitors is legal but unethical

false

The chairman of a welfare organization asks an employee to head a fundraising activity. The employee, however, embezzles $250,000 from the funds raised from the activity and falsifies financial records. In this scenario, the behavior of the employee is _____

illegal and unethical

In the context of the legal and ethical dimensions of business conduct, rewarding integrity is an example of _____.

legal and ethical behavior

Universal ethical standards can solve the problem of too many people viewing ethics as _____.

relative

Rudolf, a Polish manager in a company based in China, is admired by his colleagues for the way he interacts with people, his considerate nature, and his tolerance toward other cultures. In the context of universal ethical standards, Rudolf possesses the core value of ____

respect

Antonsen Inc., an accounting firm in Texas

sarbanes-oxley act

The Canadian government issues a legal notice to one of its coal manufacturing companies after the government learns that the heating equipment purchased by the company emits a higher level of gases than the level permitted by the Environmental Protection Agency. In this scenario, the coal manufacturing company is in violation of exceeding the level of its _____ emissions.

scope 2

in the context of social responsibility, _____ include employees and investors who have a personal interest in the performance and actions of an organization

stakeholders

Sustainable development means weaving environmentalism throughout the business decision-making process.

true

a social audit is a systematic evaluation of the positive and negative views of the public about a business firm

true

in the context of creating and maintaining an ethical organization, when employees perceive more management commitment, they tend to be more full engaged

true

in the context of the three types of emissions tracked by corporations , Scope 1 emissions refer to direct emissions produced by corporate operations

true

the personal needs, culture, and the family of an individual influence his or her ethical choices

true

In the context of the frameworks developed by experts for reaching ethical decisions, which of the following is one of the key principles of most decision guides?

Are the alternative solutions legal?

in the context of codes of ethics, the purpose of a written code is to:

give employees the information they need to make ethical decisions across a range of situations

Transparency International, a leading anti corruption organization, published its yearly index of "perceived corruption" across 168 countries in 2015. Its findings showed that:

the United States scored lesser than most of the European countries in the index of perceived corruption.