Question 1

The final step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

Accepted Answer

make an ethical judgment based on the rightness or wrongness of the proposed activity or policy.

Question 2

When a Canadian company is operating in a country where bribes are legal,the Canadian government expects the company to

Accepted Answer

not pay any bribes at all.

Question 3

Approximately ____ of Canadian firms have codes of ethics,while approximately _______ of U.S.firms have them.

Accepted Answer

two-thirds; nine-tenths

Question 4

As a buyer for your company,you direct large sums of money to some suppliers when you make purchases of raw materials from them.One day,you receive an unsolicited $1000 cheque in the mail from one of the suppliers.The accompanying note says that you can use the money to buy some toys for your children.You consult your company's code of ethics and notice that employees are not allowed to accept gifts from suppliers for their own personal use.But the policy doesn't say anything gifts for family members,so you decide to use the card.Which of the following would not support your decision?

Accepted Answer

Your work contract clearly states that you must report all gifts that come from people who work for companies that you do business with.

Question 5

All of the following are functions of codes of ethics except

Accepted Answer

they ensure that unethical behaviour will not occur in the firm.

Question 6

Mary is a purchasing agent who has been offered a gift by a supplier if she will order products from them for her company.Mary is facing a

Accepted Answer

conflict of interest.

Question 7

To show the company's desire for ethical behaviour by its employees,many business firms have established

Accepted Answer

codes of ethics.

Question 8

What is the difference between "ethics" and "business ethics"?

Accepted Answer

The former refers to beliefs about what is right or wrong,while the latter refers to behaviours by managers or employees.

Question 9

John wants his employees to be aware that they should act ethically.He should

Accepted Answer

adopt a written code of ethics.

Question 10

Sam is applying a three-step model to help him decide whether a particular business decision is ethical or unethical.What is the first step?

Accepted Answer

Gather the relevant factual information.

Question 11

John is a human resources manager who wants to establish an ethical policy for his company.You tell him that the best support for ethical behaviour by a business organization is

Accepted Answer

top-level management support.

Question 12

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

Accepted Answer

conflict of interest.

Question 13

Marilyn has decided to use the three-step model discussed in the text to decide whether a business decision she is contemplating is ethical or unethical.What is the third step in the process?

Accepted Answer

Make an ethical judgment about the rightness or wrongness of the situation.

Question 14

If a politician sits on a board that grants money to companies,and that executive owns a company that is applying for a grant from the board,he or she is most likely facing a(n)

Accepted Answer

conflict of interest.

Question 15

Georgia wants to make sure that her employees behave in a highly ethical fashion.What should Georgia avoid doing?

Accepted Answer

Relying on managers to report ethics violations

Question 16

Peter,the president of a small company,wants his employees to be aware that they should act ethically.Which of the following has proven to be an effective method of improving ethical behaviour in a business firm?

Accepted Answer

Demonstrate top management commitment to high ethical standards.

Question 17

The second step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

Accepted Answer

determine the most appropriate moral values.

Question 18

As a buyer for your company,you direct large sums of money to some suppliers when you make purchases of raw materials from them.One day,you receive an unsolicited $1000 cheque in the mail from one of the suppliers.The accompanying note says that you can use the money to buy some toys for your children.You consult your company's code of ethics and notice that employees are not allowed to accept gifts from suppliers for their own personal use.But the policy doesn't say anything gifts for family members,so you decide to use the card.Which of the following would support your decision?

Accepted Answer

The president of the supplier in question is your father-in-law,so the gift is a personal gift for his grandchildren.

Question 19

While on a business trip,a manager takes some friends to dinner for a social evening and then charges the dinner to his company's expense account.The ethical ________norm would ask "Does this optimize the satisfaction of all constituencies?" while the ethical ______ norm would ask "Is this fair?"

Accepted Answer

utility; justice

Question 20

After a hurricane hit Halifax a few years ago,local retailers increased the price of milk and gas by 50% in one day,even though all other stores in the province did not increase prices.These retailers were using

Accepted Answer

price gouging.

Quiz 3: Conducting Business Ethically and Responsibly

The final step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

When a Canadian company is operating in a country where bribes are legal,the Canadian government expects the company to

Approximately of Canadian firms have codes of ethics,while approximately ___ of U.S.firms have them.

All of the following are functions of codes of ethics except

Mary is a purchasing agent who has been offered a gift by a supplier if she will order products from them for her company.Mary is facing a

To show the company's desire for ethical behaviour by its employees,many business firms have established

What is the difference between "ethics" and "business ethics"?

John wants his employees to be aware that they should act ethically.He should

Sam is applying a three-step model to help him decide whether a particular business decision is ethical or unethical.What is the first step?

John is a human resources manager who wants to establish an ethical policy for his company.You tell him that the best support for ethical behaviour by a business organization is

If a politician rents an office from his sister at twice the going rate with taxpayers' money,he is most likely facing a(n)

Marilyn has decided to use the three-step model discussed in the text to decide whether a business decision she is contemplating is ethical or unethical.What is the third step in the process?

If a politician sits on a board that grants money to companies,and that executive owns a company that is applying for a grant from the board,he or she is most likely facing a(n)

Georgia wants to make sure that her employees behave in a highly ethical fashion.What should Georgia avoid doing?

Peter,the president of a small company,wants his employees to be aware that they should act ethically.Which of the following has proven to be an effective method of improving ethical behaviour in a business firm?

The second step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to

While on a business trip,a manager takes some friends to dinner for a social evening and then charges the dinner to his company's expense account.The ethical __norm would ask "Does this optimize the satisfaction of all constituencies?" while the ethical norm would ask "Is this fair?"

After a hurricane hit Halifax a few years ago,local retailers increased the price of milk and gas by 50% in one day,even though all other stores in the province did not increase prices.These retailers were using