Question 1

When Sony Ericsson hired models to pose as "tourists" who asked real tourists if they would take their picture with Sony's new camera cellphone,this was an example of

Accepted Answer

stealth advertising.

Question 2

Managers at American International Group became involved in very high-risk insurance that caused the company to be on the hook for billions of dollars.The U.S.government ended up giving hundreds of billions of dollars to the company to keep it afloat.This was an example of

Accepted Answer

improper financial management.

Question 3

Sam has noticed that the safety mechanism on the piece of equipment that he operates is not working.After repeatedly telling management about the defect but getting no response,he decides to report it to the provincial agency responsible for workplace safety.This is an example of

Accepted Answer

whistle-blowing.

Question 4

Bristol Corp.plans to introduce an inexpensive line of shoes to the Canadian market.It has found a manufacturer in Asia that can produce the shoes at a cost that will be cheaper than other brands of the same quality.Which of the following is a potential ethical implication that the company should consider before beginning production?

Accepted Answer

The country's existing labour laws and the factory working conditions

Question 5

In the case of irresponsibility toward investors,shareholders are reluctant to take action because

Accepted Answer

a management change may drive the stock price down.

Question 6

Which of the following illustrates how a company could be irresponsible with respect to its investors?

Accepted Answer

The president overstates the positive impact of a new contract.

Question 7

In 2011,the Alberta securities regulator brought charges against several executives at Grand Cache Coal Corp.because those executives sold company stock just before the company publicly disclosed negative news about its sales.This was an example of

Accepted Answer

insider trading.

Question 8

Paramount Pizza wants to be seen as a socially responsibility company.It can support its claim of being a socially responsible company by

Accepted Answer

using more nutritious ingredients even if they are more expensive.

Question 9

The illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been drawn is called

Accepted Answer

cheque kiting.

Question 10

The president of a company has paid himself a large salary and a handsome bonus,received a large number of lucrative stock options,and hired his family members at high salaries.The president is probably guilty of

Accepted Answer

improper financial management.

Question 11

Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

Accepted Answer

often find themselves demoted or even fired for blowing the whistle on the company.

Question 12

When Melvin Crothers,a WestJet employee,discovered that another WestJet employee was accessing a restricted Air Canada website,he called a person at Air Canada and told that person what was going on.When Crothers did this,he was engaged in

Accepted Answer

whistle-blowing.

Question 13

A chocolate company with a primary emphasis on ethical sourcing and procurement would MOST likely avoid which of the following?

Accepted Answer

Neglecting the welfare of the farmers who grow cacao beans

Question 14

Your friend Bob works for an investment firm that is helping Computers-B-Us merge with Mega Computers.The news won't be released until next week.If you decide to act upon this information and make some stock purchases intending to split the profits with Bob,what can be said about your actions?

Accepted Answer

They are unethical and illegal.

Question 15

At a press conference,CEO I.R.D.Boss states that profits are going to be very good next year when he knows that they will likely be bad.What can be said about his actions?

Accepted Answer

They are unethical and illegal.

Question 16

Which of the following is an example of a company acting irresponsibly toward its investors?

Accepted Answer

Top management misrepresents the firm's financial situation.

Question 17

Which of the following is an example of a company acting irresponsibly toward its investors?

Accepted Answer

Top management misrepresents the firm's financial situation.

Question 18

Which of the following is the best means of showing responsibility toward employees?

Accepted Answer

Provide employees with equal opportunities without regard to race,sex,or other irrelevant factors

Question 19

Ken is using confidential information to gain from the purchase of sale of stock.Ken is guilty of

Accepted Answer

insider trading.

Question 20

Martha is the owner of a business that regularly imports certain agricultural commodities from countries with poor economic conditions.If she wants to help the citizens of those countries,how can she BEST do that?

Accepted Answer

By opening an outlet in these countries and creating jobs for the people there.

Quiz 3: Conducting Business Ethically and Responsibly

When Sony Ericsson hired models to pose as "tourists" who asked real tourists if they would take their picture with Sony's new camera cellphone,this was an example of

Managers at American International Group became involved in very high-risk insurance that caused the company to be on the hook for billions of dollars.The U.S.government ended up giving hundreds of billions of dollars to the company to keep it afloat.This was an example of

Sam has noticed that the safety mechanism on the piece of equipment that he operates is not working.After repeatedly telling management about the defect but getting no response,he decides to report it to the provincial agency responsible for workplace safety.This is an example of

In the case of irresponsibility toward investors,shareholders are reluctant to take action because

Which of the following illustrates how a company could be irresponsible with respect to its investors?

In 2011,the Alberta securities regulator brought charges against several executives at Grand Cache Coal Corp.because those executives sold company stock just before the company publicly disclosed negative news about its sales.This was an example of

Paramount Pizza wants to be seen as a socially responsibility company.It can support its claim of being a socially responsible company by

The illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been drawn is called

The president of a company has paid himself a large salary and a handsome bonus,received a large number of lucrative stock options,and hired his family members at high salaries.The president is probably guilty of

Jane is a whistle-blower because she has concerns about some of the actions of her company.Whistle-blowers

When Melvin Crothers,a WestJet employee,discovered that another WestJet employee was accessing a restricted Air Canada website,he called a person at Air Canada and told that person what was going on.When Crothers did this,he was engaged in

A chocolate company with a primary emphasis on ethical sourcing and procurement would MOST likely avoid which of the following?

Your friend Bob works for an investment firm that is helping Computers-B-Us merge with Mega Computers.The news won't be released until next week.If you decide to act upon this information and make some stock purchases intending to split the profits with Bob,what can be said about your actions?

At a press conference,CEO I.R.D.Boss states that profits are going to be very good next year when he knows that they will likely be bad.What can be said about his actions?

Which of the following is an example of a company acting irresponsibly toward its investors?

Which of the following is an example of a company acting irresponsibly toward its investors?

Which of the following is the best means of showing responsibility toward employees?

Ken is using confidential information to gain from the purchase of sale of stock.Ken is guilty of

Martha is the owner of a business that regularly imports certain agricultural commodities from countries with poor economic conditions.If she wants to help the citizens of those countries,how can she BEST do that?