BUSN 1003 Exam 1 ACTUAL Questions
and CORRECT Answers
ethics - CORRECT ANSWER- ✔✔Principles of right and wrong that influence behavior are
known as
profitable - CORRECT ANSWER- ✔✔The global social responsibility pyramid consists of
good global corporate citizenship, ethical behavior, obeying the law, and being
philanthropy - CORRECT ANSWER- ✔✔The term for charitable donations that aim to
benefit mankind is
Sarbanes-Oxley Act of 2002 - CORRECT ANSWER- ✔✔The ______ established protections
for whistleblowers, recordkeeping requirements for public companies, and penalties for non-
compliance.
lawsuits resulting from illegal behavior - CORRECT ANSWER- ✔✔_______ can hurt a
company's profitability
ethics officer - CORRECT ANSWER- ✔✔An _____ is an employee who integrates the
organization's ethics and values initiatives, compliance activities, and business conduct
practices into the company's decision-making processes
corporate social responsibility pyramid - CORRECT ANSWER- ✔✔The _____ is a guide for
thinking about the day-to-day practical and moral matters that businesses encounter
training program in ethics - CORRECT ANSWER- ✔✔Organizing a _____ is one way for
managers to support high ethical standards.
corporate social responsibility - CORRECT ANSWER- ✔✔Because businesses create certain
problems (such as environmental pollution), they should also help solve those problems. This
statement is an argument in favor of
,help solve the problems they create - CORRECT ANSWER- ✔✔Alvarez Construction
Company was hired by the county to build a meeting hall at Greenleaf Park. During its work,
the company left trash all over the construction site, displaced birds and other wildlife, and
created noise that disturbed park visitors. To make up for the problems they caused at the
park, the company organized a company-wide clean-up week and left the park more attractive
and sustainable than ever. This is an example of the attitude that because businesses create
some problems, they should
fraud - CORRECT ANSWER- ✔✔A form of ________ that can hurt a company is
improperly inflating reports of financial results.
sweatshop - CORRECT ANSWER- ✔✔A place where workers labor long hours for low
wages, usually under environmentally, physically, or mentally abusive conditions, is known
as a
maximizing profits - CORRECT ANSWER- ✔✔An argument against corporate social
responsibility is that if a firm is distracted from ________, society will suffer.
the UN Global Compact - CORRECT ANSWER- ✔✔"Businesses should uphold the
abolition of child labor" is one the principles of
sustainability - CORRECT ANSWER- ✔✔A key area of a social audit known as ________
involves evaluating whether a company's economic development meets present needs without
endangering the ability of future generations to meet their own needs.
social audit - CORRECT ANSWER- ✔✔A ________ is a systematic assessment of a
company's performance in implementing socially responsible programs, often based on
predefined goals.
corporate policy - CORRECT ANSWER- ✔✔Evaluating a company's ________, or its stated
positions on political and social issues, is only a starting point toward measuring its social
responsibility.
guide - CORRECT ANSWER- ✔✔A code of ethics is a written set of standards intended to
________ a company's actions.
, supports charities - CORRECT ANSWER- ✔✔One of the key goals of a social audit is
evaluating whether a company
laws - CORRECT ANSWER- ✔✔________ are rules of conduct or action that are formally
recognized as binding and are enforced by a controlling authority.
compliance-based - CORRECT ANSWER- ✔✔A compliance-based ethics code attempts to
prevent ________ by increasing control and by punishing violators.
profitable - CORRECT ANSWER- ✔✔According to the global social responsibility pyramid,
a company's first duty is to be
the United Nations - CORRECT ANSWER- ✔✔The Global Compact is a voluntary
agreement established in 2000 by ________ that promotes human rights, good labor
practices, environmental protection, and anti-corruption standards for businesses.
a company sends supplies to hurricane victims - CORRECT ANSWER- ✔✔Which of the
following situations is an example of corporate social responsibility?
socially responsible - CORRECT ANSWER- ✔✔When a corporation is ________, it can
improve people's lives.
whistleblower - CORRECT ANSWER- ✔✔A ________ is an employee who reports
organizational misconduct, such as fraud, overcharging, or health and safety problems, to the
government or the public.
code of ethics - CORRECT ANSWER- ✔✔One way to make sure that employees understand
a company's expectations and guidance for how to act ethically and responsibly is to establish
a
ethics - CORRECT ANSWER- ✔✔A code of ________ is a written set of standards intended
to guide an organization's actions.
and CORRECT Answers
ethics - CORRECT ANSWER- ✔✔Principles of right and wrong that influence behavior are
known as
profitable - CORRECT ANSWER- ✔✔The global social responsibility pyramid consists of
good global corporate citizenship, ethical behavior, obeying the law, and being
philanthropy - CORRECT ANSWER- ✔✔The term for charitable donations that aim to
benefit mankind is
Sarbanes-Oxley Act of 2002 - CORRECT ANSWER- ✔✔The ______ established protections
for whistleblowers, recordkeeping requirements for public companies, and penalties for non-
compliance.
lawsuits resulting from illegal behavior - CORRECT ANSWER- ✔✔_______ can hurt a
company's profitability
ethics officer - CORRECT ANSWER- ✔✔An _____ is an employee who integrates the
organization's ethics and values initiatives, compliance activities, and business conduct
practices into the company's decision-making processes
corporate social responsibility pyramid - CORRECT ANSWER- ✔✔The _____ is a guide for
thinking about the day-to-day practical and moral matters that businesses encounter
training program in ethics - CORRECT ANSWER- ✔✔Organizing a _____ is one way for
managers to support high ethical standards.
corporate social responsibility - CORRECT ANSWER- ✔✔Because businesses create certain
problems (such as environmental pollution), they should also help solve those problems. This
statement is an argument in favor of
,help solve the problems they create - CORRECT ANSWER- ✔✔Alvarez Construction
Company was hired by the county to build a meeting hall at Greenleaf Park. During its work,
the company left trash all over the construction site, displaced birds and other wildlife, and
created noise that disturbed park visitors. To make up for the problems they caused at the
park, the company organized a company-wide clean-up week and left the park more attractive
and sustainable than ever. This is an example of the attitude that because businesses create
some problems, they should
fraud - CORRECT ANSWER- ✔✔A form of ________ that can hurt a company is
improperly inflating reports of financial results.
sweatshop - CORRECT ANSWER- ✔✔A place where workers labor long hours for low
wages, usually under environmentally, physically, or mentally abusive conditions, is known
as a
maximizing profits - CORRECT ANSWER- ✔✔An argument against corporate social
responsibility is that if a firm is distracted from ________, society will suffer.
the UN Global Compact - CORRECT ANSWER- ✔✔"Businesses should uphold the
abolition of child labor" is one the principles of
sustainability - CORRECT ANSWER- ✔✔A key area of a social audit known as ________
involves evaluating whether a company's economic development meets present needs without
endangering the ability of future generations to meet their own needs.
social audit - CORRECT ANSWER- ✔✔A ________ is a systematic assessment of a
company's performance in implementing socially responsible programs, often based on
predefined goals.
corporate policy - CORRECT ANSWER- ✔✔Evaluating a company's ________, or its stated
positions on political and social issues, is only a starting point toward measuring its social
responsibility.
guide - CORRECT ANSWER- ✔✔A code of ethics is a written set of standards intended to
________ a company's actions.
, supports charities - CORRECT ANSWER- ✔✔One of the key goals of a social audit is
evaluating whether a company
laws - CORRECT ANSWER- ✔✔________ are rules of conduct or action that are formally
recognized as binding and are enforced by a controlling authority.
compliance-based - CORRECT ANSWER- ✔✔A compliance-based ethics code attempts to
prevent ________ by increasing control and by punishing violators.
profitable - CORRECT ANSWER- ✔✔According to the global social responsibility pyramid,
a company's first duty is to be
the United Nations - CORRECT ANSWER- ✔✔The Global Compact is a voluntary
agreement established in 2000 by ________ that promotes human rights, good labor
practices, environmental protection, and anti-corruption standards for businesses.
a company sends supplies to hurricane victims - CORRECT ANSWER- ✔✔Which of the
following situations is an example of corporate social responsibility?
socially responsible - CORRECT ANSWER- ✔✔When a corporation is ________, it can
improve people's lives.
whistleblower - CORRECT ANSWER- ✔✔A ________ is an employee who reports
organizational misconduct, such as fraud, overcharging, or health and safety problems, to the
government or the public.
code of ethics - CORRECT ANSWER- ✔✔One way to make sure that employees understand
a company's expectations and guidance for how to act ethically and responsibly is to establish
a
ethics - CORRECT ANSWER- ✔✔A code of ________ is a written set of standards intended
to guide an organization's actions.
