Ethical Culture in Companies

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Questions and Answers

Which of the following scenarios best exemplifies a company with a strong ethical culture?

  • Norah reports to two different supervisors, one who follows the company's ethics policy and one who makes exceptions to the rules.
  • Colin's company does not have a formal, written ethics policy because they believe they only hire ethical employees.
  • The middle-level managers at Blake's company try to do what is right without getting direction from top management regarding ethical behavior.
  • The top management at Randy's company clearly communicates to all employees the ethical behavior expected of them. (correct)

What is insider trading?

  • Gatekeeping
  • Downcycling
  • Whistleblowing
  • Insider (correct)

To be successful in the long run, a business must treat its customers, employees, and community with social:

  • Responsibility (correct)
  • Insight
  • Agendas
  • Integrity

At the peak of the Pyramid of Social Responsibility is:

<p>Philanthropic responsibilities (B)</p> Signup and view all the answers

What is one of the most important actions companies can take to curb global warming?

<p>Planting more trees worldwide (C)</p> Signup and view all the answers

Of the following, which is NOT a good way to reduce daily carbon and greenhouse gas output?

<p>Increasing reliance on fossil fuels for energy needs (B)</p> Signup and view all the answers

What is the concept referred to when a sole proprietor is not able to pay their business debts using personal assets such as home and retirement savings plans?

<p>Unlimited liability (C)</p> Signup and view all the answers

Why is a sole proprietorship a popular form of business?

<p>It is easy to form. (B)</p> Signup and view all the answers

Which structure is the easiest and quickest way to start a business?

<p>Sole proprietorship (C)</p> Signup and view all the answers

What are the characteristics of entrepreneurs?

<p>All the choices are characteristics of many entrepreneurs. (D)</p> Signup and view all the answers

What type of business is Baubles and Bangles, which acquires jewelry from producers and wholesalers to sell to consumers?

<p>Retailer (B)</p> Signup and view all the answers

Which of the following is not part of a business plan?

<p>Training program (D)</p> Signup and view all the answers

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