Business and Society Exam Bank
Course Introduction
Business and Society explores the dynamic relationship between commercial organizations and the wider social environment in which they operate. The course examines how businesses impact and are influenced by societal values, ethics, government regulations, stakeholders, and environmental concerns. Students analyze real-world case studies to understand topics such as corporate social responsibility, ethical decision-making, and the role of businesses in driving social change. Through discussions and research, learners develop the critical skills needed to evaluate the responsibilities and opportunities businesses face in serving both economic and social goals.
Recommended Textbook
Business Ethics Now 4th Edition by Andrew W. Ghillyer
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10 Chapters
1003 Verified Questions
1003 Flashcards
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Page 2
Chapter 1: Understanding Ethics
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109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/58911
Sample Questions
Q1) The final step in solving an ethical dilemma is to make a decision.
A)True
B)False
Answer: True
Q2) _____ is based on the assumption that one's pursuit of an ethical ideal will match others' ethical ideals.
Answer: Golden Rule
Q3) Virtue ethics is the concept of living your life according to the similar virtues of different societies.
A)True
B)False
Answer: False
Q4) Stealing is wrong,but stealing food for a starving child would reflect a(n)_____.
Answer: value conflict
Q5) The highest level of ethical reasoning is the postconventional level.
A)True
B)False
Answer: True
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Chapter 2: Defining Business Ethics
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100 Flashcards
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Sample Questions
Q1) Over the last five decades,corporate ethics has moved from the domain of human resource departments into the _____.
A) legal department
B) finance and accounting department
C) talent management portfolio
D) organizational mainstream
Answer: D
Q2) Once the type of ethical conflict has been determined,there are two principles by which it can be resolved: Volcker's Rule and Campbell's Rule.
A)True
B)False
Answer: False
Q3) The 2002 Sarbanes-Oxley Act introduced greater accountability for chief executive officers and boards of directors in signing off on the financial performance records of the organizations they represent.
A)True
B)False
Answer: True
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Chapter 3: Organizational Ethics
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Universal ethics refers to ethical choices that offer the greatest good for the greatest number of people.
A)True
B)False
Answer: False
Q2) HR professionals must help ensure that ethics is a top organizational priority.
A)True
B)False
Answer: True
Q3) The _____ department incorporates customer feedback from market research,competitive feedback from closely monitoring their competition,and strategic input from the organization's senior management team to develop a product design that,hopefully,will allow the organization to capture and maintain a leading position in its market.
Answer: research and development
Q4) Human resource management supports each of the key functional areas in a value chain.
A)True
B)False
Answer: True
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Chapter 4: Corporate Social Responsibility
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102 Flashcards
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Sample Questions
Q1) There are several standard ways to measure the achievements of the triple bottom-line approach.
A)True
B)False
Q2) The country of Cadmia was hit by a hurricane.Singerz Corporation responded to the devastation caused by the hurricane by donating fuel for transportation supplying relief aid.In addition,it announced direct cash donation of $1 million to support the relief and rebuilding efforts.This is an example of strategic corporate social responsibility (CSR).
A)True
B)False
Q3) Which of the following is an example of corporate social responsibility?
A) Brenner Enterprises gives its employees greater freedom in choosing projects.
B) Dawson Inc.uses clean-fuel technology shuttle for employee conveyance.
C) Larsen Inc.provides free lunch coupons to its employees.
D) Infinite Corp.promotes team building activities for employees.
Q4) _____,the Nobel Prize-winning economist,argued about the instrumental approach that it would be unethical for a corporation to do anything other than deliver profits for its investors.
Q5) Explain the practice of making a company's operations "carbon neutral."
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Chapter 5: Corporate Governance
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Sample Questions
Q1) Running a small company does not require a constant evaluation of risk-versus-reward scenarios.
A)True
B)False
Q2) Which of the following checks,when in place,reduces the risk of fraud or unethical behavior in a corporation?
A) The participants of the governance process must be made accountable effectively.
B) The roles of the chief executive officer and the chairperson of the board must be merged.
C) The authority of the chief executive officer should be absolute and unchallenged.
D) The company should follow the "comply or explain" approach to governance.
Q3) Creditors,suppliers,and professional consultants represent the inside members of the board of directors.
A)True
B)False
Q4) The "_____" approach to corporate governance requires companies to abide by a set of operating standards or face stiff financial penalties.
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Chapter 6: The Role of Government
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Sample Questions
Q1) The Dodd-Frank Wall Street Reform and Consumer Protection Act Legislation was established to expand the foreign trade sector.
A)True
B)False
Q2) The Credit Rating Agency and New York Stock Exchange are the only bodies authorized to enforce the Foreign Corrupt Practices Act.
A)True
B)False
Q3) The Federal Sentencing Guidelines for Organizations:
A) holds organizations liable only for fraudulent activities in foreign markets.
B) holds businesses liable for the criminal acts of their employees and agents.
C) decreases the cost of unethical behavior.
D) covers very few business crimes.
Q4) Differentiate between bribes and grease payments.
Q5) Which of the following is a routine governmental action?
A) Allocating funds for companies to make facilitation payments overseas.
B) Providing legal immunity for the employees of foreign companies.
C) Providing police protection for the transit of goods across a country.
D) Accepting payment from a foreign company in return for an exclusive contract.
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Chapter 7: Blowing the Whistle
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Sample Questions
Q1) The "Office of the Whistleblower" was created by the _____.
Q2) If an individual reports a company-that he or she is not employed by-for misconduct,the individual is called an external whistle-blower.
A)True
B)False
Q3) The whistle-blower hotline is used by the government to keep track of whistle-blowers.
A)True
B)False
Q4) Which of the following employees is an external whistle-blower?
A) Laura,who files a complaint against one of her company's suppliers for not meeting the requirements within the specified time.
B) Evelyn,who reports to a senior manager that her supervisor deliberately stocks expired food products on the shelves of the super market.
C) Benjamin,who alleges to the federal government that the company he works for is fixing prices with its competitors.
D) Ray,who discovers and ignores the fact that his company's main competitor is doing something unethical.
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Page 9
Chapter 8: Ethics and Technology
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Sample Questions
Q1) Companies can now make vast amounts of information available to employees and customers on their Internet,intranet,and extranet sites.
A)True
B)False
Q2) Keystroke loggers can only capture information that is not deleted.
A)True
B)False
Q3) Advances in technology make it harder for employers to assign employees work outside the workplace.
A)True
B)False
Q4) According to the legal concept of cyberliability,employers can be held liable for the actions of their employees through Internet communications to the same degree as if they had written those communications on company letterhead.
A)True
B)False
Q5) Video surveillance,under federal law,is acceptable where the camera focuses on _____ accessible areas.
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Chapter 9: Ethics and Globalization
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Sample Questions
Q1) The guidelines set down by Richard DeGeorge for organizations doing business in other countries was criticized because it only dealt with the issues of bribery,false advertising,and the use of sweatshops in the production process.
A)True
B)False
Q2) The _____ relies on public accountability,transparency,and the enlightened self-interest of companies,labor,and civil society to initiate and share substantive action in pursuing its principles.
Q3) The OECD guidelines for multinational enterprises were initially a part of the _____.
A) Public Company Accounting Oversight Board
B) The International Federation of the Red Cross
C) Dodd-Frank Wall Street Reform and Consumer Protection Act
D) Declaration on International Investments and Multinational Enterprises
Q4) As per the labor standards of the UN Global Compact,businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
A)True
B)False
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Chapter 10: Making It Stick: Doing Whats Right in a Competitive Market
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Sample Questions
Q1) In an organization,the commitment to ethical behavior must be documented in a code of ethics,so that everyone begins from the same starting point.
A)True
B)False
Q2) Which of the following statements is true of an ethics officer?
A) An ethics officer must be hired from outside the organization.
B) The chief responsibility of an ethics officer is to compare the code of ethics between different companies.
C) The role of an ethics officer is never developed as a separate department in an organization.
D) An ethics officer monitors the ethical performance of the organization both internally and externally.
Q3) Policies that result when a company develops a clear sense of what it stands for as an ethical organization are called _____.
A) distributive policies
B) reactive policies
C) constituent policies
D) proactive policies
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