Exam 1 part 2

Which of the following is an example of an ethical business activity?

The employee reported to his supervisors that a co-worker had misappropriated company funds.

Human rights include an individual's right to life, to freedom, and to the pursuit of happiness.

true

The most basic responsibility of all businesses is its economic responsibility.

true

Which of the following statements about utilitarianism is true?

Utilitarianism holds that an action that affects the majority adversely is morally wrong.

The Healing Garden is the manufacturer and marketer of organic beauty aids. Its annual $40,000 donation to The Nature Conservancy in support of the nonprofit organization's pledge to preserve the environment is an example of:

corporate philanthropy

A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.

ethical

If the company wants employees to take ethical training seriously, the training should not include games.

false

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

false

_____ 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

Social responsibility goes beyond obligations provided by law or union contract. Two important aspects of social responsibility are that the obligation is both:

voluntary and broad