Question 1

Ethics are beliefs about what is right and wrong.

Accepted Answer

A) True 
 B)False

Question 2

How can a firm demonstrate social responsibility to its customers?

Accepted Answer

Businesses that demonstrate social respo

Question 3

The CEO of Beautymax Products is horrified by the negative publicity and wants immediate crisis management performed by the public relations department.The public relations department provides a list of strategic options for the CEO to deal with the bad publicity.Which of the following statements,if true,would NOT be a strategic option for the CEO?

Accepted Answer

A)  Beautymax can accept blame for the rashes and assure the public they will correct the problem immediately. 
B)  Beautymax can ignore the problem and just wait for it to go away. 
C)  Beautymax can offer an apology for the rashes it caused and offer to recall the product. 
D)  Beautymax can deny that Smooth caused any of the rashes but pull it from the market anyway. 
E)  Beautymax can monitor the Internet for any negative publicity and intervene on a case-by-case basis as soon as anything negative shows up. 
A)  Beautymax can accept blame for the rashes and assure the public they will correct the problem immediately. 
B)  Beautymax can ignore the problem and just wait for it to go away. 
C)  Beautymax can offer an apology for the rashes it caused and offer to recall the product. 
D)  Beautymax can deny that Smooth caused any of the rashes but pull it from the market anyway. 
E)  Beautymax can monitor the Internet for any negative publicity and intervene on a case-by-case basis as soon as anything negative shows up.

Question 4

Zach's company has appointed him to boost the business's level of corporate social responsibility.Which of the following would MOST likely be an appropriate step for Zach toward achieving this task?

Accepted Answer

A)  extending employees' hours while paying them the same 
B)  placing less priority on the satisfaction of investors 
C)  reducing the company's number of charitable contributions 
D)  offering employees better health benefits while still increasing the company's profit 
E)  suspending standards designed to protect the environment 
A)  extending employees' hours while paying them the same 
B)  placing less priority on the satisfaction of investors 
C)  reducing the company's number of charitable contributions 
D)  offering employees better health benefits while still increasing the company's profit 
E)  suspending standards designed to protect the environment

Question 5

If MKD adopts an accommodative stance,how will the company respond to the media and demands by the government of Belize and environmental groups?

Accepted Answer

MKD will likely admit responsi

Question 6

What is the difference between ethics and social responsibility?

Accepted Answer

Ethics are beliefs about what is right a

Question 7

Which of the following is the BEST description of organizational stakeholders?

Accepted Answer

A)  competitors 
B)  government regulators 
C)  the officers and key employees of an organization 
D)  individuals and businesses that own stock in a company 
E)  individuals and groups that are directly affected by the practices of a company 
A)  competitors 
B)  government regulators 
C)  the officers and key employees of an organization 
D)  individuals and businesses that own stock in a company 
E)  individuals and groups that are directly affected by the practices of a company

Question 8

What might the general public begin to think about MKD's responsibilities toward the environment?

Accepted Answer

MKD's quick response-or lack o

Question 9

Which statement would people in favor of socially responsible business MOST likely advocate?

Accepted Answer

A)  Maximizing profits is the core goal of the corporation. 
B)  The corporation is part of the civic world. 
C)  Other agencies have the skill to develop social programs. 
D)  Vast corporate resources are being overused. 
E)  Civic responsibility needs to be centralized. 
A)  Maximizing profits is the core goal of the corporation. 
B)  The corporation is part of the civic world. 
C)  Other agencies have the skill to develop social programs. 
D)  Vast corporate resources are being overused. 
E)  Civic responsibility needs to be centralized.

Question 10

The CEO of Perry's Pizzeria,a rapidly growing restaurant chain,is committed to a high level of corporate social responsibility along with continued business success.Which action by the CEO would most enhance the company's reputation for social responsibility?

Accepted Answer

A)  using more nutritious but more expensive, ingredients 
B)  cutting employees' wages and benefits to boost the company's stock price 
C)  using marketing or advertising methods that would allow the company to discreetly reduce pizza size without also reducing the price 
D)  packaging products in material that costs less, even if customers object to the change 
E)  taking steps that would cause competitors to close their doors 
A)  using more nutritious but more expensive, ingredients 
B)  cutting employees' wages and benefits to boost the company's stock price 
C)  using marketing or advertising methods that would allow the company to discreetly reduce pizza size without also reducing the price 
D)  packaging products in material that costs less, even if customers object to the change 
E)  taking steps that would cause competitors to close their doors

Question 11

Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?

Accepted Answer

A)  utility 
B)  rights 
C)  justice 
D)  caring 
E)  respect 
A)  utility 
B)  rights 
C)  justice 
D)  caring 
E)  respect

Question 12

The proactive approach to social responsibility argues that profits should not be spent on social programs.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following has NOT been identified as a basic consumer right?

Accepted Answer

A)  a right to safe products 
B)  a right to low prices 
C)  a right to be heard 
D)  a right to choose what they buy 
E)  a right to be informed about a product 
A)  a right to safe products 
B)  a right to low prices 
C)  a right to be heard 
D)  a right to choose what they buy 
E)  a right to be informed about a product

Question 14

Which statement about codes of ethics is FALSE?

Accepted Answer

A)  Fewer and fewer companies are adopting codes of ethics. 
B)  Codes of ethics are determined by company managers. 
C)  Some ethical responses can be learned through experience. 
D)  Social responsibility involves providing quality products and pricing products fairly. 
E)  Core principles and values should remain a constant characteristic of a company. 
A)  Fewer and fewer companies are adopting codes of ethics. 
B)  Codes of ethics are determined by company managers. 
C)  Some ethical responses can be learned through experience. 
D)  Social responsibility involves providing quality products and pricing products fairly. 
E)  Core principles and values should remain a constant characteristic of a company.

Question 15

Managers at MKD claim to exercise ethical behavior toward their employees.What matters might this behavior cover?

Accepted Answer

This behavior covers such matt

Question 16

Business ethics refers to ethical or unethical behaviors by employees in the context of their personal lives.

Accepted Answer

A) True 
 B)False

Question 17

Some actions may be illegal,yet considered ethical.

Accepted Answer

A) True 
 B)False

Question 18

What role has e-mail played in recent corporate scandals?

Accepted Answer

E-mail that was thought to be a private

Question 19

How do top managers BEST demonstrate a commitment to ethical business practices?

Accepted Answer

A)  by adopting written codes of ethics 
B)  by reading employees' e-mails 
C)  by decentralized decision-making practices 
D)  by cooperating with other companies 
E)  by monitoring employees' Web searches 
A)  by adopting written codes of ethics 
B)  by reading employees' e-mails 
C)  by decentralized decision-making practices 
D)  by cooperating with other companies 
E)  by monitoring employees' Web searches

Question 20

What is collusion?

Accepted Answer

Collusion occurs when two or more firms

Ethics are beliefs about what is right and wrong.

How can a firm demonstrate social responsibility to its customers?

Zach's company has appointed him to boost the business's level of corporate social responsibility.Which of the following would MOST likely be an appropriate step for Zach toward achieving this task?

If MKD adopts an accommodative stance,how will the company respond to the media and demands by the government of Belize and environmental groups?

What is the difference between ethics and social responsibility?

Which of the following is the BEST description of organizational stakeholders?

What might the general public begin to think about MKD's responsibilities toward the environment?

Which statement would people in favor of socially responsible business MOST likely advocate?

The CEO of Perry's Pizzeria,a rapidly growing restaurant chain,is committed to a high level of corporate social responsibility along with continued business success.Which action by the CEO would most enhance the company's reputation for social responsibility?

Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?

The proactive approach to social responsibility argues that profits should not be spent on social programs.

Which of the following has NOT been identified as a basic consumer right?

Which statement about codes of ethics is FALSE?

Managers at MKD claim to exercise ethical behavior toward their employees.What matters might this behavior cover?

Business ethics refers to ethical or unethical behaviors by employees in the context of their personal lives.

Some actions may be illegal,yet considered ethical.

What role has e-mail played in recent corporate scandals?

How do top managers BEST demonstrate a commitment to ethical business practices?

What is collusion?

The U.S.Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 2: Understanding Business Ethics and Social Responsibility

Ethics are beliefs about what is right and wrong.

How can a firm demonstrate social responsibility to its customers?

Zach's company has appointed him to boost the business's level of corporate social responsibility.Which of the following would MOST likely be an appropriate step for Zach toward achieving this task?

If MKD adopts an accommodative stance,how will the company respond to the media and demands by the government of Belize and environmental groups?

What is the difference between ethics and social responsibility?

Which of the following is the BEST description of organizational stakeholders?

What might the general public begin to think about MKD's responsibilities toward the environment?

Which statement would people in favor of socially responsible business MOST likely advocate?

The CEO of Perry's Pizzeria,a rapidly growing restaurant chain,is committed to a high level of corporate social responsibility along with continued business success.Which action by the CEO would most enhance the company's reputation for social responsibility?

Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?

The proactive approach to social responsibility argues that profits should not be spent on social programs.

Which of the following has NOT been identified as a basic consumer right?

Which statement about codes of ethics is FALSE?

Managers at MKD claim to exercise ethical behavior toward their employees.What matters might this behavior cover?

Business ethics refers to ethical or unethical behaviors by employees in the context of their personal lives.

Some actions may be illegal,yet considered ethical.

What role has e-mail played in recent corporate scandals?

How do top managers BEST demonstrate a commitment to ethical business practices?

What is collusion?

The U.S.Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters