Question 1

Insider trading provides the information needed for the securities markets to operate fairly and efficiently.

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Question 2

Corporate philanthropy refers to the position a firm takes on issues that affect society.

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Question 3

As a show of corporate responsibility to your customers, your firm may elect to provide more information regarding your product than the law demands.

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Question 4

Corporate philanthropy refers to the position a firm takes on social and political issues.

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Question 5

In the long run, a firm's loyalty to their employees can pay off financially.

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Question 6

Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity toward the environment.

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Question 7

Getting even is one of the most powerful incentives for good people to do bad things.

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Question 8

Businesses have a social responsibility to create jobs.

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Question 9

Insider trading occurs when employees of publicly traded companies use private company information to profit in the stock market.

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Question 10

Promoting social justice is a responsibility of society, but not business.

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Question 11

Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with one socially irresponsible activity.

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Question 12

Studies show that consumers are not concerned about the socially conscious behavior of the firms with which they do business.

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Question 13

A recent study revealed that employee fraud causes 30% of all business failures.

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Question 14

Recent surveys indicate that students are willing to agree to lower salaries if they know their employer is participating in socially responsible activities.

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Question 15

When stating a firm position on various social and political issues, corporate policies often commit company profits to back these positions.

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Question 16

A charitable donation contributed by a corporation is an example of corporate philanthropy.

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Question 17

Business issues such as minority hiring practices and pollution control fall under the umbrella of corporate responsibility.

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Question 18

One responsibility of business is to satisfy customers by offering them goods and services with real value.

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Question 19

"Fair disclosure" refers to a Securities and Exchange Commission rule that states when a publicly traded firm discloses information, it must share it with everyone.

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Question 20

In the discussion of corporate social responsibility, stakeholders and stockholders refer to the same group.

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Quiz 4: Demanding Ethical and Socially Responsible Behavior