Chapter 3 Exam Questions with Correct
Answers
1. are beliefs about what is right and wrong, or good and
bad. correct answer: Ethics
2. Ethics from person to person correct answer: vary
3. Ethical and
unethical behaviours are determined . correct answer: partly
by the individual and partly by culture
4. refers to the way in which a business tries to
balance its commit- ments to . correct answer: Corporate social
responsibility; organizational stakeholders
5. is a term often used to refer to ethical or unethical
behaviours by a manager or an employee of a business. correct
answer: Business ethics
6. is the view that a company's only social responsibility is
to make as much money as possible for its shareholders, as long as
it doesn't break any laws. correct answer: Managerial capitalism
7. Social responsibility refers to .
correct answer: the way in which a business balances its commitments
to relevant groups and individuals it impacts.
8. A
measure developed to help companies understand, manage, and
commu- nicate the social value of their activities for stakeholders is .
correct answer: Social return on investment (SROI)
9. When defining their sense of social
responsibility, most firms consider the four following areas correct
answer: , employees, , and investors. correct
answer: environment; customers
10. is an illegal agreement among companies in an
industry to "fix" prices for their products. correct answer: Collusion
11. A(n) is an employee who discovers and tries to put
an end to a company's unethical, illegal, or socially irresponsible
actions by publicizing them. correct answer: whistle-blower
Answers
1. are beliefs about what is right and wrong, or good and
bad. correct answer: Ethics
2. Ethics from person to person correct answer: vary
3. Ethical and
unethical behaviours are determined . correct answer: partly
by the individual and partly by culture
4. refers to the way in which a business tries to
balance its commit- ments to . correct answer: Corporate social
responsibility; organizational stakeholders
5. is a term often used to refer to ethical or unethical
behaviours by a manager or an employee of a business. correct
answer: Business ethics
6. is the view that a company's only social responsibility is
to make as much money as possible for its shareholders, as long as
it doesn't break any laws. correct answer: Managerial capitalism
7. Social responsibility refers to .
correct answer: the way in which a business balances its commitments
to relevant groups and individuals it impacts.
8. A
measure developed to help companies understand, manage, and
commu- nicate the social value of their activities for stakeholders is .
correct answer: Social return on investment (SROI)
9. When defining their sense of social
responsibility, most firms consider the four following areas correct
answer: , employees, , and investors. correct
answer: environment; customers
10. is an illegal agreement among companies in an
industry to "fix" prices for their products. correct answer: Collusion
11. A(n) is an employee who discovers and tries to put
an end to a company's unethical, illegal, or socially irresponsible
actions by publicizing them. correct answer: whistle-blower
