BUS 203 Lesson 3- Business Ethics & Social Responsibility

Which of the following is a way that corporate responsibility can benefit a business? Select all that apply.

improved perception by investors improved performance with sustainable practices the benevolent halo effect

The Corporate Responsibility of the Businessman _____.

introduced the concept that companies should invest in the future

Which of the following is NOT a demonstration of corporate social responsibility?

mandatory requirements for employees to shop at certain vendors

Triple bottom line _____.

measures corporate sustainability

Which of the following is a possible result of a company that has unethical business practices? Select all that apply.

negative employee relations lost credibility in the community recruitment and retention problems

A good code of conduct _____.

outlines expectations for behavior at all company-related events

Which is an example of corporate ethics? Select all that apply.

paying livable wages to entry level employees reducing executive compensation rates during economic downturns

Which of the following is NOT a component for developing a company's code of conduct?

profit margins

The triple bottom line refers to _____.

profits, people, and the planet

Which of the following is an example of corporate value-based ethics? Select all that apply.

reducing a company's carbon footprint committing to green office parties supporting local charities through funding and volunteer hours

Business ethics are _____.

related to acceptable behaviors among each company employee

Which of the following is an example of unethical business actions?

sending mixed messages to employees

Corporate social responsibility refers to _____.

how businesses impact the world in positive ways

Whistleblower policies _____.

identify procedures for dealing with ethics problems at all levels

Which of the following is accurate about corporate governance?

Corporate governance is a relatively new concept in business commerce and trade.

True or false: Social responsibility is a trend among large corporations, however small startups remain relatively uninterested in this business practice.

False

Which of the following is accurate about corporate governance? Select all that apply.

It is a concept that has been around for hundreds of years. It deals with a company's impact on employees. It is impacted by external events, such as war. It deals with a company's impact on its community.

Which of the following is true about American volunteerism? Select all that apply.

It totals approximately $175 billion worth of worker hours. Approximately 63 million Americans volunteer each year.

Which of the following is accurate about the history of corporate social responsibility?

One of the earliest publications promoted the practice as way to invest in the future.

Which of the following accurately describes how millennials have impacted corporate social responsibility?

The popularity of social responsibility has risen with millennial engagement in the workforce.

True or false: Regulatory ethics include how employees are to handle sensitive data and the consequences of breaking corporate policy.

True

True or false: The challenge with the total bottom line model is the difficulty with which social responsibility is measured.

True

Ethical decision making needs to happen _____.

after leaders gather all the facts related to an issue of concern

Talented employees _____.

can be effectively recruited because of corporate social responsibility

Codes of conduct establish clarity about _____. Select all that apply.

company mission values and guiding principles corporate social responsibility

Which of the following is an example of inauthentic social responsibility?

competitive positioning

Which of the following is an example of how a corporation can demonstrate concern for a social cause?

creating housing for single parents in impoverished neighborhoods

Which of the following is an example of how corporate responsibility benefits a business?

customer loyalty and improved customer relations

Which of the following is NOT an example of values-based ethics?

eliminating in-kind donations to local charities

Marketing _____. Select all that apply.

should demonstrate a match between a company's social responsibility and the culture in which it serves can backfire on a company if it is inauthentic is not a core component of corporate social responsibility

When it comes to ethics in business _____.

sound moral practices should be followed at all times