Ch 3.2

Question 1

What is price fixing

Answer 1

Occurs when a group of companies agree among themselves to set a products price, independent of market demand or supply.

Question 2

Why is it hard to choose your own ethics over companies ethics?

Answer 2

It risks your job.

Question 3

If a company tells you to hide somethings unethical that they’re doing, are you now apart of it?

Answer 3

Yes

Question 4

What three major producers of canned tuna conducted a price fixing ( hiring the price of an item) ?

Answer 4

Bumble Bee, Starfish and Chicken of the Sea

Question 5

Code of ethics aka code of conduct

Answer 5

It is meant to give employees guidance on how to handle themselves in challenging ethical situations.
; the companies promise to be ethical

Question 6

What is a mission statement

Answer 6

A clear goal the company has; their values, goals and aspirations, why it exists.

Question 7

Can you check the legal compliance and lawsuits on a company?

Answer 7

Yes by researching on certain websites like lawcrawler.findlaw.com

Question 8

What is a certified B corporation ?

Answer 8

New kind of businesses that work to maintain a balance between purpose and profit.

Question 9

What are some examples of certified B corporations?

Answer 9

Jerry’s ice cream, Cabot Cheese and the Raccio electronic sprinkler system.