, Chapter 02
Business Ethics And Social Responsibility
True / False Questions
1. All business decisions cannot be judged as right or wrong, ethical or unethical.
True False
2. An ethical issue is an identifiable problem, situation, or opportunity that requires a person or
organization to choose from among several actions that may be evaluated as ethical or unethical.
True False
3. Co-workers and superiors exert significant control over your choices at work through authority and
example.
True False
4. The concept of social responsibility is universally accepted.
True False
,5. A business's obligations to its owners and investors include maintaining proper accounting
procedures.
True False
Multiple Choice Questions
6. The principles and standards that determine acceptable conduct in business organizations are
referred to as
A. social responsibility.
B. business strategies.
C. business ethics.
D. business stances.
E. corporate citizenship.
7. Sarah is a manager who supports ethics and compliance at her company by clearly communicating
company expectations for ethical behavior to all employees. This exemplifies
A. tone at the top.
B. tone throughout the company.
C. tone at the bottom.
D. social responsibility.
E. business ethics.
, 8. Which of the following statements is true regarding business ethics and social responsibility?
A. All actions deemed unethical by society are also illegal.
B. The concerns of what is legal and ethical do not change over time.
C. The terms social responsibility and ethics should be used interchangeably.
D. Companies can be both profitable and socially responsible.
E. Businesses whose sole objective is to earn profit may not consider their social responsibility.
9. A local pet store, Pals with Paws, donates a portion of every sale to pet rescues in its community.
This exhibits the company's
A. business ethics.
B. profitability.
C. business responsibility.
D. irresponsibility.
E. social responsibility.
10. The term refers to a business's obligation to maximize its positive impact and minimize its
negative impact on society.
A. social citizenship
B. social strategy
C. social ethics
D. social responsibility
E. social rule
Business Ethics And Social Responsibility
True / False Questions
1. All business decisions cannot be judged as right or wrong, ethical or unethical.
True False
2. An ethical issue is an identifiable problem, situation, or opportunity that requires a person or
organization to choose from among several actions that may be evaluated as ethical or unethical.
True False
3. Co-workers and superiors exert significant control over your choices at work through authority and
example.
True False
4. The concept of social responsibility is universally accepted.
True False
,5. A business's obligations to its owners and investors include maintaining proper accounting
procedures.
True False
Multiple Choice Questions
6. The principles and standards that determine acceptable conduct in business organizations are
referred to as
A. social responsibility.
B. business strategies.
C. business ethics.
D. business stances.
E. corporate citizenship.
7. Sarah is a manager who supports ethics and compliance at her company by clearly communicating
company expectations for ethical behavior to all employees. This exemplifies
A. tone at the top.
B. tone throughout the company.
C. tone at the bottom.
D. social responsibility.
E. business ethics.
, 8. Which of the following statements is true regarding business ethics and social responsibility?
A. All actions deemed unethical by society are also illegal.
B. The concerns of what is legal and ethical do not change over time.
C. The terms social responsibility and ethics should be used interchangeably.
D. Companies can be both profitable and socially responsible.
E. Businesses whose sole objective is to earn profit may not consider their social responsibility.
9. A local pet store, Pals with Paws, donates a portion of every sale to pet rescues in its community.
This exhibits the company's
A. business ethics.
B. profitability.
C. business responsibility.
D. irresponsibility.
E. social responsibility.
10. The term refers to a business's obligation to maximize its positive impact and minimize its
negative impact on society.
A. social citizenship
B. social strategy
C. social ethics
D. social responsibility
E. social rule
