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Home  arrow Chapter 2  arrow Self-Study Quizzes  arrow True or False

True or False

This activity contains 10 questions.

Question 1.
Ethics are based on definite, objective norms.

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Question 2.
A conflict of interest occurs when an activity may benefit the individual to the detriment of his or her employer.

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Question 3.
In Brazil, jeitinho means using personal connections, bending the rules, or making a "contribution" to authorities to accomplish a specific goal.

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Question 4.
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.

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Question 5.
Most analysts agree that the chief responsibility of educating people about ethical business behavior and practices begins and ends with business schools.

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Question 6.
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.

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Question 7.
John D. Rockefeller, J. P. Morgan, and Cornelius Vanderbilt are associated with a high level of social responsibility.

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Question 8.
Consumers have a right to be informed about all relevant aspects of a product.

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Question 9.
Insider trading occurs when someone uses confidential information to gain from the purchase or sale of stock.

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Question 10.
An obstructionist stance to social responsibility is exhibited by a willingness to do everything required by law.

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