Business Ethics and CSR

Assignment

Part one: Essay questions

1. Define business ethics and discuss the importance of ethics in business.

2. Briefly discuss the evolution of business ethics
3. List and discuss the steps of social responsibility
4. List at least 10 unethical actions at workplace
5. What is code of conduct and what is it designed to do?
6. What is social audit and who conduct it?
7. What is the difference between corporate social responsibility and corporate
governance?
8. Why is ethical leadership and its importance in business?
9. What is Sarbanes-Oxley act states about?
10. Discuss the difference between teleology and deontology ethical theories

Part two: multiple choice

1. Those who have a claim in some aspect of a firm's products, operations, markets,
industry, and outcomes are known as
A. Shareholders. B. stockholders. C. stakeholders. D. claimholders.
2. When the management considers social and economic issues in their decision making,
the company is practicing
A. Social responsibility B. Business ethics C. consumerism D. social
welfare
3. Which of the following is correct statement
A. Setting ethical standard is clear-cut
B. setting ethical standard is easy
C. Doing what is right can be sometime difficult
D. social and ethical problems affect only few companies
4. The idea that the mission of business is to produce goods and services at a profit, thus
maximizing its contribution to society is associated with
A. Adam Smith. C. Archie Carroll.
B. Jack Ma. E. Noel Biderman E. Milton Friedman
5. You supervisor asks you conceal information from the external auditor examine the
company’s financial records. What is ethical challenge/
A. Loyalty vs truth C. conflict of interest
B. Honesty and integrity D. you have none
6. When a business person refuses to accept responsibility for mistake, s/he is showing
a lack of ____
A. Honesty B. loyalty C. truthfulness D. integrity
 7. Stakeholders' power over businesses stems from their
A. ability to withdraw or withhold resources. C. ability to generate profits.
B. Media impact. D. political influence. E. stock ownership.
8. A formal statement of that has defines how the organization expects and requires
employees to resolve ethical questions is __________
A. A code of conduct C. the organizational culture
B. the ethics challenge D. the ethical environmental statement
9. XYZ Company provides support for employees faced ethical dilemma. An ethics
officer is available in the human resource department. This is an example of ____
A. Ethical leadership B. ethical awareness C. ethical action D. ethical reasoning
10. A broader view of social responsibility
A. Views customers as the most important stakeholder.
B. Takes into account a shareholder orientation.
C. Prioritizes all stakeholders the same way.
D. Considers the long-term welfare of society.
E. Emphasizes adherence to law as the highest priority.
11. The act of an organization giving something back to the communities in which it
earns profit is called _____
A. Corporate philanthropy C. Ethical responsibility
B. Economic responsibility D. Legal responsibility
12. ___________is the standard of conduct and moral values governing actions and
decisions in the work environment.
A. Social audit B. Business Ethics C. Code of conduct D. social responsibility
13. Inappropriate action for a sexual nature in workplace is regarded as
A. Whistleblowing B. Boycott C. Sexual harassment D. fraud
14. _________ refers to the responsibility of manufacturers for injuries and damage
caused by their products
A. Green marketing C. consumerism
B. Product liability D. corporate governance
15. Which of the following is ethical during pandemic period
A. Hiding product to make artificial shortage of goods
B. Setting high price
C. Lowering price for those who can’t afford
D. Selling expired product

Part three: True or False

1. Culture is a common word that people generally use in relation to genealogy,
country of
origin, language and the way people speak, what they eat, and their customs.
Many define
culture as nationality or citizenship
2. Organizations wishing to prosper cannot do so without considering business ethics
3. Putting profit ahead of safety is example of reasonable business behaviour
4. Individual employees have little influence over ethical expectation and behaviour
5. Technology has expanded the range and impact of unethical behaviour
6. Pollution is the major ecological problem today
7. Companies who fail to follow high ethical standard often see their stock prices
drop
8. Fundamentally, a business is responsible only for its customer and investors
9. Paying taxes is an example of corporate philanthropy
10. Ethical leaders lead by example