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
QUESTION A situation in which people have to decide whether to pursue an action that may benefit them or their organization but which is unethical or illegal is called double jeopardy. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: This situation is known as an ethical dilemma.
Date: September 3rd, 2020
QUESTION The positions a company takes on political and social issues are documented in its code of ethics. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Positions on political and social issues are part of an organization’s corporate policy.
Date: September 3rd, 2020
QUESTION Illegal use of private company information to further one’s own fortunes or those of family and friends is called backroom dealing. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: This behavior is known as insider trading.
Date: September 3rd, 2020
QUESTION Social entrepreneurship is limited to the nonprofit sector. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Social entrepreneurship is a social value-creating activity that occurs within or across for-profit or nonprofit sectors.
Date: September 3rd, 2020
QUESTION Enhancing your personal wealth through insider trading may be unethical, but it is not illegal. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Insider trading is both unethical and illegal. Many people have paid fines or served jail time for this behavior.
Date: September 3rd, 2020
