Test Bank For Canadian Business & Society Ethics, Responsibilities, And Sustainability 5th Canadian Edition Robert Sexty Chapter 1-16

Test bank for Canadian Business & Society Ethics, Responsibilities, And Sustainability 5CE Robert Sexty Chapter 1 -16 Answer are at the End of Each Chapter Chapter 1 Student name:__________ 1) A shift has occurred in what society believes business responsibilities should be; today there is a greater emphasis on the bottom line than ever before. ⊚ true ⊚ false 2) Responses to social and environmental issues will determine which corporations are able to survive in today's competitive environment. ⊚ true ⊚ false 3) Integrity refers to the appropriateness of a corporation's behaviour, not to its adherence to moral principles. ⊚ true ⊚ false 4) Ethics apply to business in the same manner as they apply to religion. ⊚ true ⊚ false 5) A responsible corporation is a business undertaking that responds to social, ethical, and environmental responsibilities in addition to its economic obligations. ⊚ true ⊚ false 6) The triple -E bottom line (3E) is the eva luation of a corporation's performance according to a summary of the economic, social or ethical, and environmental value the corporation adds or destroys. ⊚ true ⊚ false 7) There is little concern that a lack of academic integrity will have an influence on bus iness integrity. ⊚ true ⊚ false 8) Until recently, business schools had largely neglected ethics and emphasized functional areas, some of which have focused on the financial rather than the social responsibilities of business. ⊚ true ⊚ false 9) Most people agree there is a universal way to approach ethics and as such, there is widespread agreement as to the appropriate behaviour by business in society. ⊚ true ⊚ false 10) Deontological theories of ethics are rule -based. ⊚ true ⊚ false 11) Virtue ethics emphasizes the situation that individuals find themselves in and focuses on what they are doing. ⊚ true ⊚ false 12) The teleological approach to ethics is also referred to as a rule -based theory. ⊚ true ⊚ false 13) Virtue ethics focuses upon ‘doing' rather than ‘being'. ⊚ true ⊚ false 14) One advantage of virtue ethics is that there is general agreement as to what constitutes a virtue. ⊚ true ⊚ false 15) Utilitarianism is one form of rule -based ethical theories. ⊚ true ⊚ false 16) The ‘greatest good for the greatest number" is a feature of consequentialist theories. ⊚ true ⊚ false 17) An economic system defines the political party most active in any country. ⊚ true ⊚ false 18) The responsible enterprise system acknowledges that business has a responsibility beyond profit maximization for shareholders. ⊚ true ⊚ false 19) Adam Smith argued for a system of capitalism that would see an enhanced role for government. ⊚ true ⊚ false 20) The non -profit sector is alternately known as the third sector or the plural sector. ⊚ true ⊚ false 21) The economic system in Canada is a laissez -faire system. ⊚ true ⊚ false 22) There are very few legal requirements for an individual establishing or operating a business in Canada. ⊚ true ⊚ false 23) A partnership may involve two or more than two individuals sharing the ownership of a business. ⊚ true ⊚ false 24) The concession doctrine implies that incorporation is a right, not a privilege for businesses. ⊚ true ⊚ false 25) The ‘freedom of association' doctrine implies that incorporation should occur without government intervention. ⊚ true ⊚ false