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Chapter 2
Self-Study Quizzes
True or False
True or False
This activity contains 10 questions.
Ethics are based on definite, objective norms.
True
False
A conflict of interest occurs when an activity may benefit the individual to the detriment of his or her employer.
True
False
In Brazil,
jeitinho
means using personal connections, bending the rules, or making a "contribution" to authorities to accomplish a specific goal.
True
False
Perhaps the single most effective step that a company can take to encourage ethical behavior in the workplace is to establish a formal code of ethics.
True
False
Most analysts agree that the chief responsibility of educating people about ethical business behavior and practices begins and ends with business schools.
True
False
Social responsibility refers to the way in which a business itself tries to balance its commitments to relevant groups and individuals in its social environment.
True
False
John D. Rockefeller, J. P. Morgan, and Cornelius Vanderbilt are associated with a high level of social responsibility.
True
False
Consumers have a right to be informed about all relevant aspects of a product.
True
False
Insider trading occurs when someone uses confidential information to gain from the purchase or sale of stock.
True
False
An obstructionist stance to social responsibility is exhibited by a willingness to do everything required by law.
True
False
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