1-1
, Chapter 1 – The Relationship between Business and Society
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
True / False Questions
#$1 #$1 #$1
1. A shift has occurred in what society believes business responsibilities should be;
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #
today there is a greater emphasis on the bottom line than ever before.
$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
01#$1Describe#$1the#$1complexity#$1of#$1the#$1interrelationships#$1between#$1business#$1and#$1society.# $ 1 Topic:#$101-
01#$1The#$1Business#$1and#$1Society#$1Relationship
2. Responses to social and environmental issues will determine which corporations are a
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
ble to survive in today's competitive environment.
#$1 #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
01#$1Describe#$1the#$1complexity#$1of#$1the#$1interrelationships#$1between#$1business#$1and#$1society.# $ 1 Topic:#$101-
01#$1The#$1Business#$1and#$1Society#$1Relationship
3. Integrity refers to the appropriateness of a corporation's behaviour, not to its adher
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
ence to moral principles.
#$1 #$1 #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
1-2
,4. Ethics apply to business in the same manner as they apply to religion.
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
5. A responsible corporation is a business undertaking that responds to social, ethica
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
l, and environmental responsibilities in addition to its economic obligations.
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
6. The triple- #$1
E bottom line (3E) is the evaluation of a corporation's performance according to a su
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
mmary of the economic, social or ethical, and environmental value the corporation a
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
dds or destroys.
#$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
7. There is little concern that a lack of academic integrity will have an influence on
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
business integrity. #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-03#$1Integrity#$1of#$1Business#$1Students
1-3
, 8. Until recently, business schools had largely neglected ethics and emphasized func
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
tional areas, some of which have focused on the financial rather than the social resp
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
onsibilities of business. #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-03#$1Integrity#$1of#$1Business#$1Students
9. Most people agree there is a universal way to approach ethics and as such,
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$
there is widespread agreement as to the appropriate behaviour by business in
1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #
society. FALSE
$1 #$1
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
03#$1Differentiate#$1between#$1the#$1three#$1main#$1approaches#$1to#$1ethical#$1thinking.# $ 1 Topic:#$101-
04#$1Main#$1Approaches#$1to#$1Ethical#$1Thinking
10. Deontological theories of ethics are rule-based. #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
03#$1Differentiate#$1between#$1the#$1three#$1main#$1approaches#$1to#$1ethical#$1thinking.# $ 1 Topic:#$101-
04#$1Main#$1Approaches#$1to#$1Ethical#$1Thinking
11. Virtue ethics emphasizes the situation that individuals find themselves in and focu
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
ses on what they are doing.
#$1 #$1 #$1 #$1 #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
03#$1Differentiate#$1between#$1the#$1three#$1main#$1approaches#$1to#$1ethical#$1thinking.# $ 1 Topic:#$101-
04#$1Main#$1Approaches#$1to#$1Ethical#$1Thinking
1-4
, Chapter 1 – The Relationship between Business and Society
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
True / False Questions
#$1 #$1 #$1
1. A shift has occurred in what society believes business responsibilities should be;
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #
today there is a greater emphasis on the bottom line than ever before.
$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
01#$1Describe#$1the#$1complexity#$1of#$1the#$1interrelationships#$1between#$1business#$1and#$1society.# $ 1 Topic:#$101-
01#$1The#$1Business#$1and#$1Society#$1Relationship
2. Responses to social and environmental issues will determine which corporations are a
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
ble to survive in today's competitive environment.
#$1 #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
01#$1Describe#$1the#$1complexity#$1of#$1the#$1interrelationships#$1between#$1business#$1and#$1society.# $ 1 Topic:#$101-
01#$1The#$1Business#$1and#$1Society#$1Relationship
3. Integrity refers to the appropriateness of a corporation's behaviour, not to its adher
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
ence to moral principles.
#$1 #$1 #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
1-2
,4. Ethics apply to business in the same manner as they apply to religion.
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
5. A responsible corporation is a business undertaking that responds to social, ethica
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
l, and environmental responsibilities in addition to its economic obligations.
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
6. The triple- #$1
E bottom line (3E) is the evaluation of a corporation's performance according to a su
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
mmary of the economic, social or ethical, and environmental value the corporation a
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
dds or destroys.
#$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-02#$1Integrity#$1in#$1Business
7. There is little concern that a lack of academic integrity will have an influence on
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
business integrity. #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-03#$1Integrity#$1of#$1Business#$1Students
1-3
, 8. Until recently, business schools had largely neglected ethics and emphasized func
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
tional areas, some of which have focused on the financial rather than the social resp
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
onsibilities of business. #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
02#$1Define#$1the#$1terminology#$1relating#$1to#$1the#$1integrity#$1of#$1business#$1and#$1recognize#$1integrity#$1issues#$1with#$1students.# $ 1 Topic:
#$101-03#$1Integrity#$1of#$1Business#$1Students
9. Most people agree there is a universal way to approach ethics and as such,
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$
there is widespread agreement as to the appropriate behaviour by business in
1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #
society. FALSE
$1 #$1
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
03#$1Differentiate#$1between#$1the#$1three#$1main#$1approaches#$1to#$1ethical#$1thinking.# $ 1 Topic:#$101-
04#$1Main#$1Approaches#$1to#$1Ethical#$1Thinking
10. Deontological theories of ethics are rule-based. #$1 #$1 #$1 #$1 #$1
TRUE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Easy
Learning#$1Objective:#$101-
03#$1Differentiate#$1between#$1the#$1three#$1main#$1approaches#$1to#$1ethical#$1thinking.# $ 1 Topic:#$101-
04#$1Main#$1Approaches#$1to#$1Ethical#$1Thinking
11. Virtue ethics emphasizes the situation that individuals find themselves in and focu
#$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1 #$1
ses on what they are doing.
#$1 #$1 #$1 #$1 #$1
FALSE
Accessibility:#$1Keyboard#$1Navigation# $ 1 Diff
iculty:#$1Medium
Learning#$1Objective:#$101-
03#$1Differentiate#$1between#$1the#$1three#$1main#$1approaches#$1to#$1ethical#$1thinking.# $ 1 Topic:#$101-
04#$1Main#$1Approaches#$1to#$1Ethical#$1Thinking
1-4