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– 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) Free enterprise, stakeholder capitalismB) Free enterprise, responsible enterpriseC) Laissez-faire capitalism, stakeholder capitalismD) Laissez-faire capitalism, responsible enterpriseE) 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) Partnership

B) Proprietorship

C) Going concern

D) Incorporated business

E) 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) Competition

B) Monopoly

C) Oligopoly

D) Profit

E) 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) Consumer

B) Producer

C) Family

D) Frontier

E) 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) Amoral

B) Personal

C) Social

D) A and C, not B

E) 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) Encouraging

B) Enabling

C) Promoting

D) A and B, not C

E) 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) Non-profit enterprise

B) Social venture

C) Social enterprise

D) Social entrepreneur

E) 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 trueE) 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 aboveE) 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) Good CompanyB) Conference Board of Canada'sC) Global Reporting Initiative'sD) Sustainability ReportingE) 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) Awareness (Level one)B) Influence (Level two) – value judgmentC) Influence (Level two) – moral standardsD) Systematic Analysis (Level three)E) 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) ProceduralB) CorrectiveC) RetributiveD) DistributiveE) None of the above