Ch-3 & 4 quiz. values and ethics



1.    Corporate social responsibility is the idea that businesses interact with the organization’s stakeholders for social good while they pursue economic goals.  [Answer True or False]




2.    The capability of corporations to influence government, the economy, and society, based on their organizational resources is called the big business principle. [Answer True or False]  




3.  Huge businesses can disproportionately influence politics, shape tastes, and dominate public discourse.

[Answer True or False]




4.  Corporate power says that in the long run, those who do not use power in ways that society considers responsible will tend to lose it. [Answer True or False]




5.  Given the immeasurable power in the hands of the leaders of large, global corporations, social responsibility has become a worldwide expectation. [Answer True or False]




6. Corporate power refers to: [Select the letter corresponding to the answer]

A. The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources.

B. The capability of politicians to influence corporations, employees, and unions, based on their organizational resources.

C. The capability of corporations to influence government, the economy, and society, based on their organizational resources.

D. The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.




7.  The iron law of responsibility says that: [Select the letter corresponding to the answer]

A. In the long run, those who do not use power responsibly will lose it.

B. In the short run, sacrifice social goals for economic goals.

C. Law is most important, more than social or economic responsibility.

D. In the long run, economic responsibility leads to social responsibility.




8.  Corporations have a role in establishing their community’s: [Select the letter corresponding to the answer]

A. Tax base.

B. Safety.

C. Economic growth.

D. All of the above.





9.  Which of the following statements is true about corporate social responsibility? [Select the letter corresponding to the answer]

A. Businesses should monitor and prevent social problems in advance of their becoming major issues.

B. A company should seek maximum profits from its operations in order to provide the best for society.

C. Corporations should be accountable for any actions that affect people, their communities, and the environment.

D. Both A and C, but not B.




10.  Corporate social responsibility (CSR) means that a corporation should: [Select the letter corresponding to the answer]

A. Always forgo profit for the sake of the environment.

B. Be held accountable for any of its actions that affect people, their communities, and their environment.

C. Abandon its other missions.

D. Put social responsibilities ahead of economic or legal responsibilities.




11. Ethics are primarily based on religious beliefs. [Answer True or False]




12. Ethical ideas are present in all societies, all organizations, and all individual persons. [Answer True or False]




13. If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree. [Answer True or False]




14. Business must develop its own definition of what is right and wrong, apart from ethics. [Answer True or False]




15. Being ethical includes developing a sense of trust, which promotes positive alliances among business partners.

[Answer True or False]




16. A conception of right and wrong is: [Select the letter corresponding to the answer]

A. Impossible to know.

B. The definition of ethics.

C. Determined by power.

D. Based on stakeholder dialogue.




17. People’s ethical beliefs come from: [Select the letter corresponding to the answer]

A. Legislative action and judicial decisions.

B. Reading the company’s profit and loss statements.

C. Their religious background, family, and education.

D. The organization’s code of ethics.




18. People everywhere depend on ethical systems to tell them whether their actions are: [Select the letter corresponding to the answer]

A. Legal or illegal.

B. Right or wrong.

C. Financially attainable or not.

D. Logical and reasonable judgment.




19. Businesses are expected to be ethical in their relationships with: [Select the letter corresponding to the answer]

A. Stockholders.

B. Customers.

C. Competitors.

D. All of the above.




20. Why should business be ethical? [Select the letter corresponding to the answer]

A. Most people want to act in ways that are consistent with their own sense of right and wrong.

B. Ethical behavior protects business firms from abuse by unethical employees and competitors.

C. Society’s stakeholders expect it from businesses.

D. All of the above.




21. Business executives are finding that a trusting, ethical relationship with a business partner is: [Select the letter corresponding to the answer]

A. Best left to not-for-profit companies.

B. Too costly to maintain.

C. Likely to cause legal problems.

D. Often essential in conducting business.




22. Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence: [Select the letter corresponding to the answer]

A. Increased.

B. Reduced.

C. Unaffected.

D. Decided by the company.





Punctual Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.