Test Bank for Business Ethics In Canada: Responsibility, Equity, And Sustainability, 6ce 6th Canadian Edition by Robert Sexty, Sophia Kusyk, Shelley Price. Full Chapters test bank are included (Chapter 1 to 14)
1. PART I: GOOD MANAGEMENT: LINKING ETHICS WITH ORGANIZATIONS
1. CHAPTER 1: The Re...
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Test Bank for Business Ethics In Canada, 6th Canadian Edition by Robert Sexty
Answers Included ✅
Chapter 01 6ce Sexty
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) 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
1
,7) An economic system defines the political party most active in any country.
⊚ true
⊚ false
8) The responsible enterprise system acknowledges that business has a responsibility beyond
profit maximization for shareholders.
⊚ true
⊚ false
9) Adam Smith argued for a system of capitalism that would see an enhanced role for
government.
⊚ true
⊚ false
10) The non-profit sector is alternately known as the third sector or the plural sector.
⊚ true
⊚ false
11) The economic system in Canada is a laissez-faire system.
⊚ true
⊚ false
12) There are very few legal requirements for an individual establishing or operating a business
in Canada.
⊚ true
⊚ false
13) A partnership may involve two or more than two individuals sharing the ownership of a
business.
⊚ true
⊚ false
2
,14) The concession doctrine implies that incorporation is a right, not a privilege for businesses.
⊚ true
⊚ false
15) The “freedom of association" doctrine implies that incorporation should occur without
government intervention.
⊚ true
⊚ false
16) Legislative safeguards are imposed upon incorporation processes to create and preserve an
atmosphere of public confidence, as well as to create protections for investors and creditors.
⊚ true
⊚ false
17) A social licence guarantees the absence of government regulation in an open market.
⊚ true
⊚ false
18) Canadians' overall attitude towards business has been basically positive over the last ten
years.
⊚ true
⊚ false
19) Self-interest by firms is an issue that the Canadian public consistently identifies as a negative
attribute of the business enterprise system.
⊚ true
⊚ false
20) Self-interest acts as a motivator in the business enterprise system and provides the drive for
profit that encourages individuals to get things done.
⊚ true
⊚ false
3
, 21) A system based on a capitalistic market virtually guarantees an equitable distribution of
income.
⊚ true
⊚ false
22) Social media describes the various forms of interaction or communication enabled by
technology-based tools, most of which are Internet based.
⊚ true
⊚ false
23) The concept of a “social licence”—which is based on ethics, values, expectations, and self-
regulation—is considered preferable to social or governmental control, which is based on
regulation, legislation, litigation, and compliance.
⊚ true
⊚ false
24) Government and business work collaboratively with multiple stakeholders to use resources to
meet the needs of the members of a society. This arrangement is called the ___ of a nation.
A) economic system
B) free enterprise
C) responsible enterprise
D) laissez-faire ideology
E) political manifesto
25) The discussion of the business enterprise system in the Business and Society class today was
stimulating. Jasmine 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) capitalism
B) free enterprise
C) laissez-faire capitalism
D) responsible enterprise
E) stakeholder
4
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