Test Bank of business essentials 8th Canadian Edition By Ronald J. Ebert with 88 questions and accurate solutions available and graded A+

Test Bank of business essentials 8th Canadian Edition By Ronald J. Ebert Chapter 3 Conducting Business Ethically and Responsibly 3.1 Multiple-Choice Questions 1) The term “ethics” refersto 1. A) standards or moral values regarding what is right and wrong. 2. B) avoiding doing things that, if everyone did it, we would have a realmess. 3. C) believing what’s right for one person is wrong for another. 4. D) conflicts of interest that develop between two co-workers. 5. E) bad behaviour by top managers in a company. Answer: A Diff: 1 Type: MC Page Ref: 47 Skill: Knowledge Objective: 3.1 2) What is the difference between “ethics” and “business ethics”? 1. A) The former refers to beliefs about what is right and wrong, while thelatter doesn’t deal with right and wrong, only with economic issues. 2. B) The former refers to a restricted range of acceptable behaviours,while the latter refers to a much broader range of acceptable behaviours. 3. C) There are no differences between the two terms. 4. D) The former refers to beliefs about what is right or wrong, while thelatter refers to behaviours by managers or employees. 5. E) The former refers to the actions of government employees, while thelatter refers to the actions of employees in private-sector firms. Answer: D Diff: 2 Type: MC Page Ref: 47 Skill: Comprehension Objective: 3.1 3) Behaviour that conforms to individual beliefs and social norms about whatis right and good is referred to as 1. A) social reaction behaviour. 2. B) ethical behaviour. 3. C) generally accepted behaviour. 4. D) collusional behaviour. 5. E) motivational behaviour. Answer: B Diff: 1 Type: MC Page Ref: 47 Skill: Knowledge Objective: 3.1 4) refers to ethical or unethical behaviours by a manager oremployee of an organization. 1. A) Social ethics 2. B) Social responsibility 3. C) Business ethics 4. D) Collusion 5. E) Cartelling Answer: C Diff: 2 Type: MC Page Ref: 48 Skill: Knowledge Objective: 3.1