Chapter 3 Questions

What is the difference between ethics and law? A)Ethics is unwritten rules and law is written rules of the land B)Law is unwritten rules and ethics is the rules of the land C)Ethics is about what is considered a crime and law is about good and bad D)Ethics is another form of law

A)Ethics is unwritten rules and law is written rules of the land

What is ethics? A) Rules that need to be followed in our daily lives B) The moral principles that govern the conduct of an individual or group C) The manifestations of collective human intellect D) Laws specified by the government

B) The moral principles that govern the conduct of an individual or group

What is a code of ethics? A)A roadmap to meet goals B)Clarification for employees what the company values C)A workshop to help employees understand what is ethical D)Understanding customer's wants and needs

B)Clarification for employees what the company values

What is green marketing? A)Conducting business in an ethical matter to protect the environment B)Consumers are willing to pay more for green products C)Producing items that are in the color green D)Producing items that could bring more profit into the company

B)Consumers are willing to pay more for green products

Which of the following is an element of sustainability? A)Financial sustainability B)Marketing sustainability C)Caring for our environment D) Legal sustainability

C)Caring for our environment

A company manufactures and markets reusable metal straws. What factor of the pyramid is the company likely following? A)Legal responsibilities B)Economic responsibilites C)Philanthropic responsibilites D)Marketing responsibilities

C)Philanthropic responsibilites