Reference no: EM132835019

1- Economist Milton Friedman in the 1970s, launched an entire school of economic thought that insisted that:

Select one:

a. Corporations were morally obliged to contribute to the communities where they do business in order to have equitable and sustainable society

b. The only social obligation of corporations was to increase profits for their shareholders

c. Corporations should develop relationships with stakeholders in order to improve business prospects

d. Corporations should promote educational opportunities for the poor

2- What is pluralism?

Select one:

a. A distribution of power among society's many different groups and organizations

b. Multiple businesses competing for resources

c. Groups of individuals investing in new corporations

d. More than one entity that initiates a lawsuit against a company

3- Social contract theory states that:

Select one:

a. While every citizen on the planet has rights, in order to live among others in society we must be willing to yield some of those rights for the benefits of mutual peace and prosperity

b. Human beings have a social and environmental obligation to behave ethically and morally for the purpose of saving the planet

c. Every citizen of the planet should be willing to agree to exchange prosperity for peace and harmony

d. None of the above

4- Two broad areas of business ethics have been described as:

Select one:

a. "Ethical dilemmas in management" and "value principles in management"

b. "Managerial mischief" and "moral mazes of management"

c. "Principled policy analysis" and "ethical dilemma procedures"

d. None of the above

5- Organizational "Codes of Ethics" are designed to:

Select one:

a. Serve as a guide for proper behavior and actions that are expected in the workplace.

b. Force employee to behave themselves.

c. Assist in making decisions about specific actions that occur in the workplace.

d. None of the above.

6- Corporate philanthropies are:

Select one:

a. Wealthy company owners who invest in new start-up businesses to help entrepreneurs.

b. For profit businesses that use portions of their resources to advance social causes or promote the public good in some way.

c. Stockholders from large companies who provide technical assistance to organizational leaders.

d. Corporate CEOs who host regular meetings to discuss environmental issues.

7- A corporate philanthropy is a:

Select one:

a. Non-profit organization set up to make donations to social causes on behalf of a company

b. For-profit business that allocates a significant portion of their profits to a social cause

c. Organization that exists solely to provide donations to the community

d. All of the above

8- The United Nation's Global Compact asks companies to embrace, support, and enact a set of core values in the following areas:

Select one:

a. Human rights, environment, ethics, and accountability

b. Human rights, environment, and cooperative trade laws

c. Human rights, environment, and anti-corruption

d. Human rights, labor, environment, and anti-corruption

9- A social contract takes into consideration and adheres to the laws and regulations that govern business practices.

Select one:

True

False

10- Some positive benefits of managing diversity include:

Select one:

a. Diversity enhances customer relations and increases market share.

b. Diversity enhances employee relations and reduces the cost of labour.

c. Diversity improves workforce quality and performance in terms of diverse skills, creativity, problem-solving and flexibility.

d. All of the above.