Brief Review
Chapters 1, 2, 7, 8, 9, 5, & 6
Chapter 1 - Introduction
• Capitalism and it’s pros and cons
• Factors Influencing the Morality of
Canadian Business
• Types of Businesses
Chapter 2 - Introduction
• The 8 fundamental beliefs of capitalism
• Types of capitalism
Chapter 7 - CSR
• Debate - what is the role of business, to
make profit or more?
• Social Responsibility Theories
– Amoral view
– Personal view
– Social view
• Highlighted examples of Social view
• Carroll’s Pryamid of CSR
Chapter 7 - CSR
• Corporate Sustainability
– Marrewijk’s 5 levels
• Triple e Bottom Line
• Approaches to Corporate Citizenship
– Limited
– Equivalent
– Extended
Chapter 8 - CSR
• Corporate Giving
– Cause-Related Marketing
– Strategic Giving
• Corporate Volunteerism
• Corporate Sponsorship
Chapter 9 - CSR
•
•
•
•
Social Auditing Approaches (12)
Stakeholders’ Expectations
CSR and Profitability
Guidelines for social reporting example:
– Good Company
• Future of CSR
Chapter 5 - Ethics
• Theoretical basis for ethical behaviour
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–
–
–
–
–
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Egoism
Personal Virtues Ethics
Ethics of Caring
Government Requirements Ethic
Utilitarian Ethic
Universal Rules Ethic
Individual Rights Ethic
Economic Efficiency Ethic
Ethic of Justice (4 types)
Chapter 5 - Ethics
• Types of Ethical Assessment
– Awareness
– Influences
– Systematic Analysis
• Moral Reasoning Process
• Kohlberg’s Stages of Moral
Development (6 Stages)
Chapter 6 - Ethics
• The Butterflly Test, Authority Test,
Public Scrutiny Test
• Code of Conduct / Ethics
• Conflicts of Interest
• Whistleblowing
• 3 models of moral management
• Approaches to Ethical Programs (3)
Example Multiple Choice
Questions 1
The discussion of the business enterprise system in the Business
and Society class today became heated when a debate broke out
as to which capitalist system Canada should employ. Jamal
argued that the Canadian government should apply a _________
model whereby economic decision making is left to those
individuals or enterprises who own the means of production. A
profit motivation, with limited government involvement, would
create a competitive market system. Crystal agreed, but added
that accountability to society by business was also important and
therefore a _______ was better.
A)
B)
C)
D)
E)
Free enterprise, stakeholder capitalism
Free enterprise, responsible enterprise
Laissez-faire capitalism, stakeholder capitalism
Laissez-faire capitalism, responsible enterprise
None of the above
Example Multiple Choice
Questions 2
Jane is starting a business to sell handmade
greeting cards online. She is forming a(n)
___________ in that she is planning to assume
all the risks and accept all the rewards of
business ownership.
A)
B)
C)
D)
E)
Partnership
Proprietorship
Going concern
Incorporated business
None of the above
Example Multiple Choice
Questions 3
The municipal government has determined that it wants to
expand a popular walking trail system that runs through the
city. This city issues a notice to the effected landowners stating
that it is claiming this land and that the landowners will receive
an assessment of the value of their land and payment. Can the
government do this?
A) Yes, the government has eminent domain over the property
and fair price is offered.
B) Yes, the government ultimately owns all property in Canada.
C) No, the government cannot do this as it violates the
fundamental right to ownership of private property.
D) No, the government cannot do this, unless the owner
voluntarily relinquishes the land.
E) C and D are both correct.
Example Multiple Choice
Questions 4
Driving to university on Monday morning, Mary noticed that
all the gasoline retail stations she passed were selling
gasoline at exactly the same price, right down to the
decimal point. There are very few sellers of gasoline in
her city and they set the price at comparable levels. This
is an example of ___________.
A)
B)
C)
D)
E)
Competition
Monopoly
Oligopoly
Profit
None of the above
Example Multiple Choice
Questions 5
Community, is an essential element of Taiwanese culture
and is reflected in the importance of relationship and
teamwork in business operations. Canadian
businesspersons must understand that they are outsiders
within this system. The Taiwanese operate under
_________ capitalism.
A)
B)
C)
D)
E)
Consumer
Producer
Family
Frontier
None of the above
Example Multiple Choice
Questions 6
It was accepted, for many years, that a firm's
social responsibility was satisfied through profit
maximization. This view is most consistent with
which category of social responsibility theories:
A)
B)
C)
D)
E)
Amoral
Personal
Social
A and C, not B
None of the above
Example Multiple Choice
Questions 7
Last year, Francine won an award from her employer for
working the highest number of hours volunteering. She
had not previously engaged in volunteering and only
heard about it when the human resource officer, as part
of her orientation, told her that volunteering was a great
thing to do on weekends. Her employer is ___________
employee volunteerism.
A)
B)
C)
D)
E)
Encouraging
Enabling
Promoting
A and B, not C
A and C, not B
Example Multiple Choice
Questions 8
Jane works for a company that considers its
mandate to reduce worldwide illiteracy. Profits
are distributed between shareholders and
literacy programs. This business is a
_________.
A)
B)
C)
D)
E)
Non-profit enterprise
Social venture
Social enterprise
Social entrepreneur
None of the above
Example Multiple Choice
Questions 9
Stakeholders are increasingly demanding or
expecting sustainability reporting from
business. Which of the following statement(s)
regarding stakeholder expectations is true?
A)
It is questionable how many NGOs will use
the sustainability reports provided by business.
B)
Employees perceive their motivation to be
positively affected by firms' social responsibility.
C)
Consumers are concerned about how
corporations treat employees.
D)
All of the above are true
E)
B and C, not A
Example Multiple Choice
Questions 10
Brandon is preparing a report for the CEO of his company.
He is trying to encourage the company to become more
proactive in social issues in the community. In building
his case for corporate social responsibility, he does
research on the relationship between CSR and firm
profitability. He can report the following:
A)
Expenditures on social responsibility initiatives
do not contribute to profit.
B)
Expenditures on social responsibility initiatives
do contribute to profit.
C)
Expenditures on social responsibility initiatives
might contribute to profit.
D)
All of the above
E)
None of the above
Example Multiple Choice
Questions 11
Ahmed is developing a social report for his employer, a
major airline company. He formulates the report around a
series of checklists focusing on community, employees,
customers, suppliers, environment, shareholders and
international operations. He is assessing such factors as
transparency and stakeholder involvement. Ahmed is
probably using the ________ Guidelines for Corporate
Social Performance.
A)
B)
C)
D)
E)
Good Company
Conference Board of Canada's
Global Reporting Initiative's
Sustainability Reporting
None of the above
Example Multiple Choice
Questions 12
The financial analyst for a mining company is asked to
estimate the return on investment for a new business
opportunity. She informs the CEO that she thinks that
ethical issues require consideration because the
company's behaviour will be judged on the basis of
environmental impact. Ethical judgments, she suggests,
should be made applying which level of ethical
assessment?
A)
B)
C)
D)
E)
Awareness (Level one)
Influence (Level two) – value judgment
Influence (Level two) – moral standards
Systematic Analysis (Level three)
Amoral
Example Multiple Choice
Questions 13
Portia is the manager of a building supply company. A
builder ordered a particular grade of granite, but Portia is
short in her supply and substitutes another product. She
believes that what she is doing is ethical because the
product is comparable and she isn't making extra money
on the deal. Portia is applying the ________ principle of
ethical analysis.
A)
Self-interest
B)
Personal virtues
C)
Ethics of caring
D)
Utilitarian beliefs
E) Economic efficiency
Example Multiple Choice
Questions 14
Dave is unhappy with the downsizing decision made by
his firm. He has been employed for many years with the
company and he thought that his seniority would have
protected him. He believes that he is the only long-term
employee to be released and wonders why the policy
didn't apply to him. Dave's concern is regarding
_________ justice.
A)
B)
C)
D)
E)
Procedural
Corrective
Retributive
Distributive
None of the above