Business and Society
Midterm Exam
Course Introduction
Business and Society explores the dynamic relationship between commercial enterprises and the broader social environment in which they operate. This course examines the social, ethical, legal, and environmental responsibilities of businesses, analyzing how corporate decision-making impacts stakeholders including employees, consumers, communities, and governments. Key topics include corporate social responsibility, sustainability, business ethics, stakeholder management, and the influence of public policy on business practices. Through real-world case studies and theoretical frameworks, students develop an understanding of how businesses can create value while contributing positively to society.
Recommended Textbook
Understanding Business Ethics 3rd Edition by
Peter A. Stanwick
Available Study Resources on Quizplus
13 Chapters
687 Verified Questions
687 Flashcards
Source URL: https://quizplus.com/study-set/398
Page 2
Chapter 1: The Foundation of Ethical Thought
Available Study Resources on Quizplus for this Chatper
53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/6959
Sample Questions
Q1) ___________ is based on the underlying belief that the only person who can determine right and wrong is based on the free will of the person making the decision.
A) Intuitionism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Answer: B
Q2) The property principle involves making affirmative efforts for those individuals who need help in their personal pursuits, and it also helps protect those individuals who are vulnerable to unethical actions.
A)True
B)False
Answer: False
Q3) All of the following are deontological frameworks except A) Ethical egoism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Answer: A
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: The Evolving Complexities of Business Ethics
Available Study Resources on Quizplus for this Chatper
49 Verified Questions
49 Flashcards
Source URL: https://quizplus.com/quiz/6960
Sample Questions
Q1) The discovery of ethics began with discussions initiated by all of the following individuals except
A) Socrates
B) Aristotle
C) Plato
D) Napoleon
Answer: D
Q2) The illusion of objectivity occurs when a decision maker believes that his or her decisions are free of biases.
A)True
B)False
Answer: True
Q3) The obituary test of integrity is also called the Golden Rule.
A)True
B)False
Answer: False
Q4) Integrity is derived from the Latin word integri, which means wholeness.
A)True
B)False
Answer: True
Page 4
To view all questions and flashcards with answers, click on the resource link above.
Chapter 3: Stakeholders and Corporate Social Responsibility
Available Study Resources on Quizplus for this Chatper
53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/6961
Sample Questions
Q1) ____________ is concerned with the general public's perceptions and beliefs about the firm.
A) Corporate image
B) Corporate reputation
C) Corporate identity
D) Corporate trust Answer: A
Q2) The underlying motivation of the Benefit Corporation concept is that corporations can focus on both shareholder value and provide social and environmental goods to society.
A)True
B)False Answer: True
Q3) Total corporate social responsibilities are based on economic, legal, ethical, and discretionary responsibilities.
A)True
B)False Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Ethics and Financial Reporting
Available Study Resources on Quizplus for this Chatper
51 Verified Questions
51 Flashcards
Source URL: https://quizplus.com/quiz/6962
Sample Questions
Q1) The fundamental flaw of a Ponzi scheme is that it never ends until the person committing the fraud is caught and disappears.
A)True
B)False
Q2) Under the cookie jar system, management will build up financial reserves in profitable years and release the financial reserves into the financial statements during unprofitable years.
A)True
B)False
Q3) Creative accounting can be defined as the deviation from the traditional methods used to interpret an accounting rule or standard.
A)True
B)False
Q4) Off-balance sheet financing creates separate legal entities from the parent company.
A)True
B)False
Q5) In a short essay, list the six sets of industry factors that affect the industry based antecedents of fraud.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Ethical Leadership and Corporate Governance
Available Study Resources on Quizplus for this Chatper
53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/6963
Sample Questions
Q1) The principles of ethical power include all of the following except
A) Punishment
B) Purpose
C) Perspective
D) Patience
Q2) The Securities and Exchange Commission in 2004 proposed a code of disclosure that excluded the compensation for the chairman of the board.
A)True
B)False
Q3) Strebel suggests that there are 4 major roles for the board of directors. Which one is not a role he indicates?
A) Auditing
B) Coaching
C) Public relations
D) Steering
Q4) The principles of ethical power are purpose, perspective, patience, and persistence.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Strategic Planning, Corporate Culture, and Corporate Compliance
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/6964
Sample Questions
Q1) Transparency International has developed an annual ranking of the level of __________in countries round the world.
A) Bribery
B) Corruption
C) Embezzlement
D) Ethical practices
Q2) The PWC survey about the Sarbanes-Oxley Act identified a number of key benefits of the act. Which of the four factors below is not one of these factors?
A) Better information
B) Greater transparency
C) Limited accounting principles
D) Greater confidence
Q3) Which of the following factors is not part of the identification of the moral problem?
A) A clear statement of what the moral problem is
B) The identification of those affected by the problem
C) The morality of individual employees
D) The moral issues of the problem reflection
To view all questions and flashcards with answers, click on the resource link above.
Page 8
Chapter 7: Decision Making and Human Resource Issues
Available Study Resources on Quizplus for this Chatper
52 Verified Questions
52 Flashcards
Source URL: https://quizplus.com/quiz/6958
Sample Questions
Q1) Which of the following components of moral intensity relates to the decision maker's perception of the probability that the act will take place and the probability that harm or benefit will occur consequently?
A) Social consensus
B) Magnitude of consequences
C) Probability of effect
D) Temporal immediacy
Q2) ______________ occurs when a relatively small number of people with a large stake in the action of the firm are impacted by the decision.
A) Social consensus
B) Magnitude of consequences
C) Concentration of effect
D) Temporal immediacy
Q3) Of all the types of deviant or misbehavior, employee theft appears to be the most common.
A)True
B)False
Q4) In a short essay, list and discuss the six stages in the moral development of an individual.
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Ethics and the Environment
Available Study Resources on Quizplus for this Chatper
53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/6965
Sample Questions
Q1) According to the text, an example of a company that has embraced ecobranding to its fullest is _______________.
A) Dell Computers
B) Timberland
C) General Electric
D) Google
Q2) Which of the following is not a research and development strategic adjustmen as part of going green?
A) develop new products that are environmentally friendly
B) consider redesigning the product and the production process
C) charging premium prices for new green products
D) develop waste recovery strategies
Q3) The firm's carbon footprint is based on the total amount of GHG emissions that are a direct result of the firm's operations.
A)True
B)False
Q4) In a short essay, discuss the strategic focus of (a) Ecoefficiency, (b) Beyond Compliance Leadership, (c) Ecobranding, (d) Environmental Cost Leadership.
To view all questions and flashcards with answers, click on the resource link above.
Page 10
Chapter 9: Ethics and Information Technology
Available Study Resources on Quizplus for this Chatper
53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/6966
Sample Questions
Q1) Downloading of music and movies has become a large problem as more and more Internet users develop attitudes that if the music is there, it is for entertainment purposes and it is free.
A)True
B)False
Q2) Based on the results of the American Management Association/ePolicy Institute Survey on electronic monitoring and surveillance, what percentage of companies notified their employees that they were monitoring phone use?
A) 7%
B) 16%
C) 73%
D) 84%
Q3) An initiative by the Federal Bureau of Investigation, in conjunction with other government agencies, called ______________ was developed to help target and convict cybercriminals.
A) Operation Web Collect
B) Operation Web Find
C) Operation Web Snare
D) Operation Web Catch
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Ethics and Information Technology
Available Study Resources on Quizplus for this Chatper
52 Verified Questions
52 Flashcards
Source URL: https://quizplus.com/quiz/6967
Sample Questions
Q1) Which of the following is NOT one of the four factors that are able to predict whether a consumer would participate in a boycott?
A) Desire to make a difference
B) Scope of self-enhancement
C) Counterarguments that inhibit boycotting
D) Value system of the boycotter
Q2) ______________ are consumers who understand the issues related to the natural environment but are not willing to pay more for proactive environmental products.
A) Greenback greens
B) Sprouts
C) True blue greens
D) Basic browns
Q3) In what year did the Joe Camel character "die"?
A) 1987
B) 1997
C) 2011
D) 2012
Q4) In a short essay, list and discuss four of the ways in which false and misleading advertising may take place.
Page 12
To view all questions and flashcards with answers, click on the resource link above.
Chapter 11: Ethical Issues in the Developing World
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/6968
Sample Questions
Q1) In the United Kingdom, which is not one of the unethical issues around Fair Trade practices?
A) Misrepresenting the program to the customers
B) Expecting higher revenues
C) Lying about the Fair Trade program
D) No giving customers relevant information that could affect purchasing decisions
Q2) In a short essay, list the seven key principles that are required in order for a firm to be profitable when addressing the needs of customers in the bottom of the pyramid.
Q3) Ethanol is also known as hydrogen peroxide.
A)True
B)False
Q4) What is not a strategic focus for firms who concentrate on bottom of the pyramid customers?
A) Large volume low profit margins
B) Transactions taking place in an informal market
C) Long term view of the project
D) Products based on normal market conditions
Q5) In a short essay, list and discuss the root causes of hunger.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Establishing a Code of Ethics and Ethical Guidelines
Available Study Resources on Quizplus for this Chatper
53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/6969
Sample Questions
Q1) When was the date of the original corporate code of ethics introduced by J. C. Penney
A) 1903
B) 1913
C) 1933
D) 1943
Q2) MetLife has a comprehensive code of business conduct and ethics. ______ are responsible for "reading, understanding, and adhering" to the code.
A) The Board of Directors
B) Stakeholders
C) All employees
D) Suppliers
Q3) General Electric in 2010 published its Citizenship Report titled ______.
A) Financial Growth
B) Sustainable Growth
C) Sustainable Development
D) Financial Development
Q4) In a short essay, list and discuss the four types of statements that a corporation may adopt to communicate the corporation's view of the subject of ethics.
Page 14
To view all questions and flashcards with answers, click on the resource link above.
Chapter 13: Evaluating Corporate Ethics
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/6970
Sample Questions
Q1) _____________ can be defined as the regular comprehensive evaluation of the compliance of the firm's ethical policies and procedures.
A) Social auditing
B) Cultural auditing
C) Ethical auditing
D) Fiscal auditing
Q2) In a(n) ______________, the presentation of ethics codes and formal procedures would be perceived as irrelevant and, therefore, most likely ignored by the audience.
A) High-context
B) Low-context
C) High uncertainty avoidance
D) Low uncertainty avoidance
Q3) When was the Federal Sentencing Guidelines for Organizations Act passed?
A) 1957
B) 1989
C) 1991
D) 1997
Q4) In a short essay, describe the concept of ethical auditing.
Q5) In a short essay, discuss the role of ethics officers.
To view all questions and flashcards with answers, click on the resource link above. Page 15