Question 1

Some of the largest payouts for class-action legal fraud suits ever were against Enron ($7.16 billion)and WorldCom ($6.16 billion).

Accepted Answer

A) True 
 B)False

Question 2

There is no country that favors or engages in commercial whaling today.

Accepted Answer

A) True 
 B)False

Question 3

Special natural environment issues include all of the following EXCEPT

Accepted Answer

A)   ozone depletion.
B)   destruction of animal habitats.
C)   pollution control.
D)   spreading computer viruses.
E)   developing biodegradable products and packages.

Question 4

The European Parliament in late 2012 voted with an overwhelming 566-47 margin to

Accepted Answer

A)   reinstate commercial whaling.
B)   eradicate the practice of shark finning.
C)   add polar bears to the list of endangered species.
D)   outlaw international trade in ivory.
E)   None of the above

Question 5

Responsibility for encouraging ethical decision making and ensuring ethical behavior in a firm lies with

Accepted Answer

A)   only a firm's strategists.
B)   only a firm's managers.
C)   only a firm's shareholders.
D)   both a firm's strategists and its managers.
E)   neither a firm's strategists nor its managers.

Question 6

ISO 14001 is a technical standard and as such replaces technical requirements embodied in statutes or regulations.

Accepted Answer

A) True 
 B)False

Question 7

A bribe is a gift bestowed to influence a recipient's conduct.

Accepted Answer

A) True 
 B)False

Question 8

Compare and contrast Ralph Nader's and Milton Friedman's positions on social responsibility. With whose view do you agree?

Accepted Answer

Ralph Nader proclaims that organizations...

Question 9

In 2012, Chinese firms dominated Fortune magazine's list of the least admired companies from a social responsibility perspective.

Accepted Answer

A) True 
 B)False

Question 10

All of the following statements are true EXCEPT

Accepted Answer

A)   ISO is the world's largest developer of sustainability standards.
B)   ISO standards are widely accepted all over the world.
C)   ISO has legal authority to enforce its regulations' implementation.
D)   ISO standards are voluntary.
E)   ISO itself does not regulate or legislate.

Question 11

Companies such as Walmart are now monitoring not only the prices its vendors offer for products, but also how those products are made in terms of environmental practices, as well as safety and infrastructure soundness.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following was among the most admired companies for social responsibility in 2012 according to Fortune magazine?

Accepted Answer

A)   GDF Suez
B)   China Railway Group
C)   China Railway Construction
D)   China State Construction Engineering
E)   Kirin Holdings

Question 13

Whistle-blowing refers to policies that require employees to report any unethical violations they discover or see in the firm.

Accepted Answer

A) True 
 B)False

Question 14

Alaska and oil companies contend that protections for polar bears ________.

Accepted Answer

A)   are not aggressive enough and must be strengthened
B)   are diminishing opportunities for Alaska energy development
C)   help push Alaskan companies to explore alternative energy sources
D)   are ineffective and actually have caused populations in Alaska to decrease
E)   are long overdue and must be enacted immediately

Question 15

A rising tide of consciousness about the importance of business ethics is sweeping the United States and the rest of the world.

Accepted Answer

A) True 
 B)False

Question 16

Dumping banned or flawed products in foreign markets is considered to be an unethical business practice.

Accepted Answer

A) True 
 B)False

Question 17

The ________ is a network of the national standards institutes of 147 countries, one member per country.

Accepted Answer

A)   ISO
B)   EMS
C)   UN
D)   EPA
E)   IMF

Question 18

Managers and employees today must be careful not to ignore, conceal, or disregard a pollution problem or they could

Accepted Answer

A)   be fired.
B)   be demoted.
C)   be held indirectly responsible for their firm's pollution.
D)   have their firm turn on them in a quest for leniency.
E)   All of the above

Question 19

A code of business ethics is

Accepted Answer

A)   sorely needed in light of a new wave of ethical issues including product safety, employee health, and sexual harassment.
B)   concerned with what responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, and other groups.
C)   a report that reveals how the firm's operations impact the natural environment.
D)   a set of strict regulations requiring firms to conserve energy.
E)   a series of voluntary standards in the environmental field.

Question 20

Ethics training programs should contain which of the following?

Accepted Answer

A)   Messages from the CEO or business owner emphasizing ethical business practices
B)   The development and discussion of codes of ethics
C)   Procedures for discussing unethical behavior
D)   Procedures for reporting unethical behavior
E)   All of the above

Exam 10: Business Ethics, Social Responsibility, and Environmental Sustainability

Managers and employees today must be careful not to ignore, conceal, or disregard a pollution problem or they could

Correct AnswerverifiedShow Answer

Some of the largest payouts for class-action legal fraud suits ever were against Enron ($7.16 billion)and WorldCom ($6.16 billion).

Correct AnswerverifiedShow Answer

The European Parliament in late 2012 voted with an overwhelming 566-47 margin to

Correct AnswerverifiedShow Answer

ISO 14001 is a technical standard and as such replaces technical requirements embodied in statutes or regulations.

Correct AnswerverifiedShow Answer

The ________ is a network of the national standards institutes of 147 countries, one member per country.

Correct AnswerverifiedShow Answer

Whistle-blowing refers to policies that require employees to report any unethical violations they discover or see in the firm.

Correct AnswerverifiedShow Answer

A code of business ethics is

Correct AnswerverifiedShow Answer

Ethics training programs should contain which of the following?

Correct AnswerverifiedShow Answer

Special natural environment issues include all of the following EXCEPT

Correct AnswerverifiedShow Answer

All of the following statements are true EXCEPT

Correct AnswerverifiedShow Answer

There is no country that favors or engages in commercial whaling today.

Correct AnswerverifiedShow Answer

Companies such as Walmart are now monitoring not only the prices its vendors offer for products, but also how those products are made in terms of environmental practices, as well as safety and infrastructure soundness.

Correct AnswerverifiedShow Answer

Compare and contrast Ralph Nader's and Milton Friedman's positions on social responsibility. With whose view do you agree?

Correct AnswerverifiedRalph Nader proclaims that organizations...View AnswerShow Answer

In 2012, Chinese firms dominated Fortune magazine's list of the least admired companies from a social responsibility perspective.

Correct AnswerverifiedShow Answer

Alaska and oil companies contend that protections for polar bears ________.

Correct AnswerverifiedShow Answer

Which of the following was among the most admired companies for social responsibility in 2012 according to Fortune magazine?

Correct AnswerverifiedShow Answer

Dumping banned or flawed products in foreign markets is considered to be an unethical business practice.

Correct AnswerverifiedShow Answer

A bribe is a gift bestowed to influence a recipient's conduct.

Correct AnswerverifiedShow Answer

Responsibility for encouraging ethical decision making and ensuring ethical behavior in a firm lies with

Correct AnswerverifiedShow Answer

A rising tide of consciousness about the importance of business ethics is sweeping the United States and the rest of the world.

Correct AnswerverifiedShow Answer

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Ralph Nader proclaims that organizations...
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