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Chapter 3: Business Ethics and Social Responsibility
5 problems · 0 figures3-1 §3.AQ source ↗
Define business ethics.
Answer
Acceptable levels of behavior for each individual who makes up the organization.
3-3 §3.AQ source ↗
All of the following are examples of results of unethical business actions except:
- a.Recruitment and retention problems.
- b.Lower employee salaries.
- c.Negative employee relations.
- d.Poor company reputation.
Answer
B. Lower employee salaries.
3-5 §3.AQ source ↗
According to Kimberlee Leonard of the Houston Chronicle the elements that belong in a Code of Conduct for a company include all of the following except:
- a.Office Hours.
- b.Professional behaviors.
- c.Regulatory ethics.
- d.Legal considerations.
Answer
A. Office Hours.
3-7 §3.AQ source ↗
Where did the term Corporate Responsibility originate?
Answer
The earliest published book about the topic is Corporate Responsibility of the Businessman, published in 1953. This book introduced the concept of companies giving back as a form of investment in the future. This idea came from a generation that had survived some of the hardest times in our world and wanted to make it a better place for generations to come.
3-9 §3.AQ source ↗
The three dimensions of the triple bottom line include all of the following except:
- a.Profits.
- b.People.
- c.Planet.
- d.Promotion.
Answer
D. Promotion.
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Problems and answers are adapted from Business Law I Essentials 2e by Mirande Valbrune, Renee De Assis and Suzanne Cardell, OpenStax, and are used under the CC BY-NC-SA 4.0 licence. Access for free at https://openstax.org/books/business-law-i-essentials-2e/pages/1-introduction. Illustrations: Copyright Rice University, OpenStax, under CC BY-NC-SA 4.0 license. This adaptation is released under the same licence, is non-commercial, and is neither affiliated with nor endorsed by OpenStax or Rice University.