Ethics CFA

Corporate Social Responsibility, or CSR, is both critical and ____________.

• comedic

• accomodating

• controversial

• non-existent

According to Milton Friedman, "the only social responsibility of buisness is to..........?"

• increase its profits

• impact society in positive ways outside of business

• stay in business

• fight corporate greed

A moral argument for CSR is:

• it's good for everyone

• it's the right thing to do

• society is worse off by businesses trying to make it better

• for profit entities don't exist in a vacuum and need to be congruent with societal values

In addition to moral arguments for corporate social responsibility, one could also make _____________ and ______________ arguments as well. (Choose two)

• moral

• rational

• global

• economic

___________ is acting with integrity by being honest, professional and fair.

• corporate social responsibility

• consumer behavior

• leadership

• ethical behavior

Which of the follow is NOT a tenet of ethical behavior?

• Treat people well without discriminating

• Maintaining good communication skills

• Show up

• Maximize profit for all employees

Which are potential consequences of poor ethical behavior and/or choices in the workplace?

• Nobel Prize

• professional write-ups

• poor reputation

• promotion

• termination

Difficult situations where ethical courses of actions are not always clear are called:

• gangbusters

• groupthink

• leadership

• ethical dilemmas

• non of these anwers are correct

What's not a way to know how to handle ethical dilemmas?

• practice what you preach

• company first-mentality

• figure out your morals & values

• learn from others & ask for guidance

• all of these methods are effective in knowing how to handle ethical dilemmas

Ethics are:

• •Are the moral code by which individuals live and conduct busines

• •Help individuals decide how to act in situations where moral issues are concerned

• Set standards for moral behavior

• vary from person to person

• •Do not solely rely on the basis of an  act being legal or illegal