law n ethics quiz 1 Flashcards
cover quiz 1
What is the Canadian law that governs the formation and operation of corporations in Ontario
a) Ontario Business Corporations Act.
b) Canada Business Corporations Act.
c) Provincial Business Corporations Act
d) Federal Business Corporations Act.
e) None of the above.
The Ontario Business Corporations Act (OBCA), R.S.O. 1990, c. B.16.
Boards of Directors have what types of duties
a) Fiduciary.
b) Legal.
c) Fiduciary and Legal.
d) Day-to-day decision making.
e) All of the above.
e) All of the above.
what is the Laissez-faire approach?
a) Minimum governmental interference in the economic affairs of individuals and society (“leave us alone”).
b) Maximum governmental interference in the economic affairs of individuals and society is needed (“help us out”).
c) The more government intervention the better.
d) None of the above.
e) All of the above.
Minimum governmental interference in the economic affairs of individuals and society (“leave us alone”).
Which definition best describes Corporate Social
a) Corporate Social Responsibility is a non-regulated business model that helps a company to be socially accountable to itself, its stakeholders, and itself.
b) Corporate Social Responsibility is a self-regulating business model that helps a company to be socially accountable to itself, its stakeholders, and itself.
c) Corporate Social Responsibility is a regulated business model that helps a company to be socially accountable to itself, its stakeholders, and itself.
d) Corporate Social Responsibility is a highly regulated business model that helps a company to be socially accountable to itself, its stakeholders, and itself.
e) None of the above. Responsibility?
A: Corporate Social Responsibility is a self-regulating business model that helps a company to be socially accountable to itself, its stakeholders, and itself.
Corporate Citizenship is another term for
a) Social Corporate Responsibility.
b) Corporate Social Responsibility.
c) Social Market Responsibility.
d) Corporate Responsibility.
e) None of the above.
Corporate Social Responsibility.
Corporate Social Responsibility allows companies to be conscious of the kind of impact they are having on all aspects of society. These main aspects include
a) Economic, social, and environmental.
b) Market, deregulation, regulation, and sincerity.
c) Economic, regulatory, legal.
d) Economics, social, legal, regulatory.
e) Ethics, regulatory, responsibility.
Economic, social, and environmental.
The three (3) types of Normative Theories are
a) Teleological, consequential, Rule-based.
b) Deontological, Teleological, Virtue Ethics.
c) Consequential, Rule-based, Deontological.
d) None of the above.
e) All of the above.
Deontological, Teleological, Virtue Ethics.
Which type of Normative Theory relies on rules to guide decision making and behavior?
a) Virtue Ethics.
b) Teleological.
c) Consequential.
d) Deontological.
e) None of the above.
Deontological.
Which type of Normative Theory focusses on goals, outcomes, and results
a) Deontological.
b) Rule-Based.
c) Virtue Ethics.
d) Consequential.
e) None of the above.
Consequential.
Which definition best describes a stakeholder?
a) An individual or group, who can influence and/or is influenced by the achievement of an organization’s purpose.
b) An individual who can influence and/or is influenced by the achievement of an organization’s purpose.
c) A group, who can influence and/or is influenced by the achievement of an organization’s purpose.
d) Only a single person who can influence and/or is influenced by the achievement of an organization’s purpose.
e) None of the above.
An individual or group, who can influence and/or is influenced by the achievement of an organization’s purpose.
There are many different types of stakeholders. What are the main/overarching categories?
a) Latent, Expectant, Definitive.
b) Latent, Expectant, Definitive, Non-Stakeholders.
c) Latent, Expectant, Definitive, Salient.
d) None of the above.
e) All of the above.
None of the above
In your reading “Business Ethics and Social Responsibility” the concept of the Triple Bottom Line was discussed. What elements make up the Triple Bottom Line?
a) Profits, People, Planet.
b) Profits, People, Regulation.
c) Profits, People, Ethics.
d) Profits, People, Animals.
e) None of the above.
Profits, People, Planet.
In your reading “Business Ethics and Social Responsibility” the concept of establishing a Code of Conduct was discussed as such a code may educate and guide individuals in an organization. When developing a Code of Conduct, what elements should we consider? a) Legal considerations, value-based ethics, regulatory ethics, professional behaviors.
b) Value-based ethics, regulatory ethics, professional behaviors.
c) Legal considerations, value-based ethics, professional behaviors.
d) Legal considerations, value-based ethics, regulatory ethics.
e) None of the above.
Legal considerations, value-based ethics, regulatory ethics, professional behaviors.
In your reading “Corporate Ethics and Social Responsibility” the authors outlined some examples of Corporate Social Responsibility (CSR) efforts undertaken by various organizations across the world such as Coca-Cola, BMW, Twitter, and Patagonia. Which of the following scenarios would be an example of a CSR effort?
a) Reducing carbon footprints.
b) Ensuring contract manufacturers pay a living wage.
c) Improving sustainable manufacturing.
d) Promoting literacy among children.
e) All of the above.
all of the above
Question 24: In your reading “Last Resort Loans: Unregulated and illegal, payday lenders come under fire” by C. Campbell notes why the payday loan industry is hard to regulate. Which of the following statements best describes why the payday loan industry is hard to regulate according to the article?
a) The federal government oversees interest rates, while the provinces oversee consumer affairs. Accordingly, this creates a conflict between the federal and provincial bodies which makes such regulation difficult.
b) The federal government does not wish to participate in the regulation of payday loans.
c) The provincial government does not wish to participate in the regulation of payday loans.
d) The federal or provincial government do not wish to regulate payday loans.
e) None of the above.
The federal government oversees interest rates, while the provinces oversee consumer affairs. Accordingly, this creates a conflict between the federal and provincial bodies which makes such regulation difficult
