Exam 2: Integrity, Ethics, and Social Entrepreneurship

Waverly Corporation ensures the temperature of water released back into the river is the same temperature as water drawn from the river for its production needs. It does the same for its exhausted air. Its products are made with a minimal environmental impact and it has won many awards in its industry. Waverly Corporation is an example of a(n) _____.

The advocacy group Business for Social Responsibility contends that which of the following is a long-term benefit of ethical and responsible business practices?

Perhaps the greatest benefit of integrity in business is the _____ it generates.

Match the term with its definition. -Individuals or groups that either can affect or are affected by the performance of the company

A firm understating income is guilty of

Among the many _____ of any small business are owners, customers, employees, the community, and the government.

Milton Friedman argued that businesses

Millicent, founder of a small company that markets baked goods made from organic ingredients, emphasis honesty in all transactions. In this respect, Millicent acts with _____.

Giving the impression a business is something it is not is

Describe PRO factors and how these factors relate to customers.

When Evelyn hired a new sales manager, she issued a press release emphasizing the new hire's educational background and industry experience because

Skimming is an unethical business practice involving

Match the term with its definition. -Formally established standards of employee behavior communicated by a business owner

If a student copies a favorite CD and gives it away to a friend to use, the student is engaged in the theft of _____ property.

How can integrity and financial success be related? Use an example to strengthen the argument.

Match the term with its definition. -The belief that the ethical standards of one's own country can be applied universally

What are legitimacy lies? What effect may these have on a business?

Which of the following would be considered a stakeholder in a business?

Regina sometimes shorts the customer when weighing out bulk merchandise, believing the practice leads to higher profits; therefore, it is acceptable. We could infer that Regina

Of all the possible stakeholders, which of the following are the three primary ones?