Question 1

With the passage of the Sarbanes­Oxley Act, the U.S. government provides more protection to workers who engage in:

Accepted Answer

A)   green investing.
B)   whistle­blowing.
C)   dangerous occupations.
D)   union organizing campaigns.E) A) and C)
F) A) and D)

Question 2

Define and explain corporate philanthropy and corporate responsibility.

Accepted Answer

Corporate philanthropy includes all busi...

Question 3

In order to encourage the reporting of unethical behavior, some have suggested that whistle­blowers should receive a portion of the penalties levied against firms that violate the law.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms?

Accepted Answer

A)   The Javits -­Wagner­ -O'Day Act
B)   The Gold Standard Act
C)   The Sarbanes­Oxley Act
D)   Class Action Fairness ActE) None of the above
F) All of the above

Question 5

Avid Games Inc., a video gaming company, has come up with a sequel,
Ranger II, for its best selling game, Ranger I. However, to increase resale they have created Ranger II such that it times out after six months. This is an example of planned obsolescence

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true of ethical decisions?

Accepted Answer

A)   All the decisions made by either an organization or an individual have ethical implications.
B)   Organizations do not influence the quality of an individual's decisions.
C)   When two people following an ethical framework are faced with choices, they always arrive at the same decision.
D)   Personal empathy in ethical choices is an important predictor of ethical leadership.E) A) and D)
F) A) and C)

Question 7

All acts that are illegal are unethical.

Accepted Answer

A) True 
 B)False

Question 8

Stakeholders are employees who report their employer's illegal or unethical behavior.

Accepted Answer

A) True 
 B)False

Question 9

A medical facility operates illegally and unethically when collaborating with other medical clinics to provide low­cost treatment in low­income countries.

Accepted Answer

A) True 
 B)False

Question 10

Companies should discourage whistle­blowing because it creates an atmosphere of fear and mistrust.

Accepted Answer

A) True 
 B)False

Question 11

Socially responsible employers:

Accepted Answer

A)   make use of strategies such as planned obsolescence.
B)   create a workplace environment that only values profit.
C)   provide minimal safety requirements.
D)   ensure that hard work, commitment, and talent pay off.E) B) and D)
F) A) and D)

Question 12

The emissions that results from purchased electricity, heat, and steam are known as _____ emissions.

Accepted Answer

A)   Scope 1
B)   Scope 3
C)   Scope 2
D)   Scope 4E) B) and C)
F) C) and D)

Question 13

The spectrum of socially responsible behavior of firms may vary from:

Accepted Answer

A)   no profits to generous profits.
B)   no contributions to proactive contributions.
C)   intangible ideas to tangible ideas.
D)   business initiatives to proactive business dealings.E) A) and D)
F) C) and D)

Question 14

A question to ask when making a decision based on individual ethical beliefs is, "Could you defend your decision on the nightly TV news?"

Accepted Answer

A) True 
 B)False

Question 15

Activist customers, investors, unions, environmentalists, and community groups all play a role in keeping businesses on a positive track.

Accepted Answer

A) True 
 B)False

Question 16

List four key consumer rights.

Accepted Answer

The right to be safe: Businesses are leg...

Question 17

Build and maintain a clear, trusted reporting structure for ethical concerns

Accepted Answer

and violations. The structure ...

Question 18

In the "perceived corruption" index published by Transparency International 2013, _____ countries clustered at the very bottom, suggesting that rampant corruption is part of their business culture.

Accepted Answer

A)   South American and Asian
B)   African and Central Asian
C)   European and Middle­East
D)   South American and EuropeanE) B) and C)
F) A) and D)

Question 19

George is upset about his current salary at Right Touch Car Wash Inc. In order to increase his income, he begins to charge customers more for each car wash and pockets the difference. His actions are not unethical because Right Touch will not suffer a financial loss.

Accepted Answer

A) True 
 B)False

Question 20

_____ refers to the amount of harmful greenhouse gases that a firm emits throughout its operations, both directly and indirectly.

Accepted Answer

A)   Ecological intensity
B)   Greenhouse debt
C)   Earthcheck
D)   Carbon footprintE) None of the above
F) A) and C)

Exam 4: Business Ethics Social Responsibility: Doing Well by Doing Good

With the passage of the Sarbanes­Oxley Act, the U.S. government provides more protection to workers who engage in:

Correct AnswerverifiedShow Answer

Build and maintain a clear, trusted reporting structure for ethical concerns

Correct Answerverifiedand violations. The structure ...View AnswerShow Answer

Companies should discourage whistle­blowing because it creates an atmosphere of fear and mistrust.

Correct AnswerverifiedShow Answer

The emissions that results from purchased electricity, heat, and steam are known as _____ emissions.

Correct AnswerverifiedShow Answer

All acts that are illegal are unethical.

Correct AnswerverifiedShow Answer

Socially responsible employers:

Correct AnswerverifiedShow Answer

_____ refers to the amount of harmful greenhouse gases that a firm emits throughout its operations, both directly and indirectly.

Correct AnswerverifiedShow Answer

A question to ask when making a decision based on individual ethical beliefs is, "Could you defend your decision on the nightly TV news?"

Correct AnswerverifiedShow Answer

A medical facility operates illegally and unethically when collaborating with other medical clinics to provide low­cost treatment in low­income countries.

Correct AnswerverifiedShow Answer

In order to encourage the reporting of unethical behavior, some have suggested that whistle­blowers should receive a portion of the penalties levied against firms that violate the law.

Correct AnswerverifiedShow Answer

Activist customers, investors, unions, environmentalists, and community groups all play a role in keeping businesses on a positive track.

Correct AnswerverifiedShow Answer

Avid Games Inc., a video gaming company, has come up with a sequel, Ranger II, for its best selling game, Ranger I. However, to increase resale they have created Ranger II such that it times out after six months. This is an example of planned obsolescence

Correct AnswerverifiedShow Answer

The spectrum of socially responsible behavior of firms may vary from:

Correct AnswerverifiedShow Answer

In the "perceived corruption" index published by Transparency International 2013, _____ countries clustered at the very bottom, suggesting that rampant corruption is part of their business culture.

Correct AnswerverifiedShow Answer

Which of the following statements is true of ethical decisions?

Correct AnswerverifiedShow Answer

George is upset about his current salary at Right Touch Car Wash Inc. In order to increase his income, he begins to charge customers more for each car wash and pockets the difference. His actions are not unethical because Right Touch will not suffer a financial loss.

Correct AnswerverifiedShow Answer

Stakeholders are employees who report their employer's illegal or unethical behavior.

Correct AnswerverifiedShow Answer

List four key consumer rights.

Correct AnswerverifiedThe right to be safe: Businesses are leg...View AnswerShow Answer

Define and explain corporate philanthropy and corporate responsibility.

Correct AnswerverifiedCorporate philanthropy includes all busi...View AnswerShow Answer

Which of the following is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms?

Correct AnswerverifiedShow Answer

With the passage of the SarbanesOxley Act, the U.S. government provides more protection to workers who engage in:

Correct Answer
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and violations. The structure ...
View Answer

Companies should discourage whistleblowing because it creates an atmosphere of fear and mistrust.

Correct Answer
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Correct Answer
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Correct Answer
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A medical facility operates illegally and unethically when collaborating with other medical clinics to provide lowcost treatment in lowincome countries.

Correct Answer
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In order to encourage the reporting of unethical behavior, some have suggested that whistleblowers should receive a portion of the penalties levied against firms that violate the law.

Correct Answer
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Correct Answer
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Correct Answer
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The right to be safe: Businesses are leg...
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Corporate philanthropy includes all busi...
View Answer

Correct Answer
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