QUESTION Tim works at a fast-food restaurant and suspects that a coworker may be misreporting his hours worked. Yet one of the stated values of the company is team unity and cohesion, and Tim is afraid that reporting the misreported hours may cause his coworkers to have a poor opinion of him. What is this […]
Date: September 3rd, 2020
QUESTION Marcia is the ethics officer at her company. Her job is to ensure that values initiatives and compliance activities take precedence in the company’s decision-making processes. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: The ethics officer works to integrate ethics, values, compliance, and business conduct activities into the […]
Date: September 3rd, 2020
QUESTION Only large corporations should be concerned with practicing social responsibility. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Companies aren’t separate from society; businesses of every size benefit from being socially responsible.
Date: September 3rd, 2020
QUESTION A whistleblower who reports misconduct to authorities is someone within the offending organization. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: A whistleblower is an employee of the offending organization.
Date: September 3rd, 2020
QUESTION An arrangement in which cash from newer investors is used to pay off older investors is called multilevel marketing. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: This arrangement is known as a Ponzi scheme.
Date: September 3rd, 2020
QUESTION Under the Sarbanes-Oxley Act of 2002, whistleblowers are protected from retaliation by their employers. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: This is one of the nine principal provisions of the act.
Date: September 3rd, 2020
QUESTION Cause-related marketing involves a partnership between a business and a nonprofit organization. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Cause-related marketing is a commercial activity in which a business forms a partnership with a charity or nonprofit to support a worthy cause, product, or service.
Date: September 3rd, 2020
QUESTION A company cannot succeed by doing social good. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Many businesses have realized economic benefits through practicing social responsibility.
Date: September 3rd, 2020
QUESTION Blended value measures the outcome of all business investments in both economic and social realms. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Both for-profit and nonprofit organizations can apply this measure of performance.
Date: September 3rd, 2020
QUESTION A systematic assessment of a company’s performance in implementing socially responsible programs is called a blended value audit. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: This type of assessment is a social audit.
Date: September 3rd, 2020
