BUS 450 CHAPTER 10
Which of the following is TRUE of an EMS?
An EMS identifies all aspects of the organization's activities, products, and services that could have a significant impact on the environment.
Extensive research has revealed which of the following relationships between corporate social responsibility and corporate financial performance?
A U-shaped curve
What position should company guidelines and policies take in regards to workplace romance?
It should be discouraged.
Forbes ranked which company number one globally for social responsibility?
LEGO Group
What are the findings concerning the relationship between Corporate Social Responsibility (CSR) and corporate financial performance?
The CSR and corporate financial performance relationship is U-shaped.
Research indicates that those companies with a strong commitment to ethical conduct ______.
consistently outperform those companies that do not have a strong commitment
The responsibilities of a firm to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups are referred to as ______.
corporate social responsibility
According to the ISO 14001 standard, an organization is required to put in place and implement a series of practices and procedures that, when taken together, result in a(n) ______.
environmental management system (EMS)
What report reveals how a firm's operations impact the natural environment?
. A sustainability report
Which of the following is NOT considered sexual harassment?
A workplace romance
What information is NOT included in a firm's sustainability report?
Financial ratios
Which product-labeling term has come under increased scrutiny?
Green
All of the following are considered unethical business actions EXCEPT:
Matching competitors' prices
Who believes it is irresponsible for a firm to give monies to charity?
Milton Friedman.
Which of the following would a firm avoid if it wanted to engage in admirable business ethics?
Mislead, but do not lie in print materials.
Which of the following is TRUE of workplace romance guidelines?
They should apply to all employees at all levels of the firm and they should specify certain situations in which affairs are especially discouraged, such as between a supervisor and a subordinate.
A key ingredient for establishing an ethics culture is to develop a clear ______.
code of business ethics
The Institute of Business Ethics (IBE) recently conducted a study and concluded that companies displaying a "clear commitment to ethical conduct" ______.
consistently outperform companies that do not display ethical conduct
Employees should practice whistle-blowing, and organizations should ______.
have policies that encourage whistle-blowing
In addition to having a clear code of business ethics, managers must also consider the specific details of the code, how it will be implemented, and ______.
how adherence to it will be monitored
A gift bestowed to influence a recipient's conduct ______.
is a bribe
Whistleblowing in the United States is governed primarily by ______.
the SEC
In many companies, the corporate environmental group is moving ______.
to report directly to the CEO