Question 1

Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?

Accepted Answer

A)  identity theft 
B)  a margin purchase 
C)  insider trading 
D)  collusion 
E)  a guarantee 
A)  identity theft 
B)  a margin purchase 
C)  insider trading 
D)  collusion 
E)  a guarantee

Question 2

Moia is a successful entrepreneur who owns several popular pastry shops.She often imports macadamia nuts from countries with poor economic conditions,which has furthered her desire to help improve the lives of the people living there.How can Moia BEST exhibit corporate social responsibility to the citizens of these nations?

Accepted Answer

A)  by including labels on her products indicating where the nuts come from 
B)  by hiring people who have traveled to these nations 
C)  by opening pastry shops in these countries that would create jobs for the citizens there 
D)  by purchasing the nuts more regularly 
E)  by shipping free pastries to these nations 
A)  by including labels on her products indicating where the nuts come from 
B)  by hiring people who have traveled to these nations 
C)  by opening pastry shops in these countries that would create jobs for the citizens there 
D)  by purchasing the nuts more regularly 
E)  by shipping free pastries to these nations

Question 3

What is the term for an activity that may benefit the individual to the detriment of his or her employer?

Accepted Answer

A)  agency dispute 
B)  leadership challenge 
C)  conflict of interest 
D)  proactive stance 
E)  ethical standard 
A)  agency dispute 
B)  leadership challenge 
C)  conflict of interest 
D)  proactive stance 
E)  ethical standard

Question 4

If MKD implements a formal social responsibility program,to what extent should top management be involved?

Accepted Answer

To be successful,top

Question 5

Which of the following,if true,would justify the customer representative's ethical position?

Accepted Answer

A)  The home-building firm sometimes picks up shipments of supplies several days after they arrive. 
B)  The customer rep knows that if the faucets do come in early, the home-building firm will choose to do business with them more often. 
C)  The home-building firm has a brief written code of ethics that has no statement that applies specifically to this situation. 
D)  When phoned for advice, the plumbing supply firm's CEO told the customer rep that it was OK to "fib a little" to get a contract like this. 
E)  The faucet shipment comes with a tracking number and goes to a distribution center within driving distance, so that, if necessary, the plumbing firm can expedite its arrival. 
A)  The home-building firm sometimes picks up shipments of supplies several days after they arrive. 
B)  The customer rep knows that if the faucets do come in early, the home-building firm will choose to do business with them more often. 
C)  The home-building firm has a brief written code of ethics that has no statement that applies specifically to this situation. 
D)  When phoned for advice, the plumbing supply firm's CEO told the customer rep that it was OK to "fib a little" to get a contract like this. 
E)  The faucet shipment comes with a tracking number and goes to a distribution center within driving distance, so that, if necessary, the plumbing firm can expedite its arrival.

Question 6

The best stance toward social responsibility a company can take is a proactive one.

Accepted Answer

A) True 
 B)False

Question 7

How often should an organization change its objectives?

Accepted Answer

A)  constantly 
B)  infrequently 
C)  every year 
D)  every decade 
E)  never 
A)  constantly 
B)  infrequently 
C)  every year 
D)  every decade 
E)  never

Question 8

After Beautymax dealt with the negative publicity from the rashes caused by Smooth,the public relations department proposed developing some proactive prevention plans.The vice president argues that such plans are a waste of time and not necessary.Which of the following statements,if true,would NOT support the public relations department's argument for using proactive prevention crisis management plans?

Accepted Answer

A)  Proactive prevention crisis management would anticipate problems, such as potential recalls, and have plans in place to deal with them. 
B)  Proactive prevention crisis management would prepare plans to deal with emergencies, such as their soap plant catching on fire, and designate a disaster-management center, along with media and employee contact people. 
C)  Proactive prevention crisis management would publicize Smooth's connections to the gold-medal-winning women's gymnastics team. 
D)  Proactive prevention crisis management would use enhancements to increase desirable outcomes in the public eye by characterizing Smooth as eco-friendly because of the packaging. 
E)  Proactive prevention crisis management would protect the company from legal action due to false advertising. 
A)  Proactive prevention crisis management would anticipate problems, such as potential recalls, and have plans in place to deal with them. 
B)  Proactive prevention crisis management would prepare plans to deal with emergencies, such as their soap plant catching on fire, and designate a disaster-management center, along with media and employee contact people. 
C)  Proactive prevention crisis management would publicize Smooth's connections to the gold-medal-winning women's gymnastics team. 
D)  Proactive prevention crisis management would use enhancements to increase desirable outcomes in the public eye by characterizing Smooth as eco-friendly because of the packaging. 
E)  Proactive prevention crisis management would protect the company from legal action due to false advertising.

Question 9

How do organizations exercise social responsibility toward the environment?

Accepted Answer

Many organizations adopt methods that wi

Question 10

Define consumerism.

Accepted Answer

Consumerism is social activism dedicated

Question 11

Advertising for which of the following products is MOST likely to have ethical ramifications?

Accepted Answer

A)  swimwear 
B)  sporting equipment 
C)  decaffeinated beverages 
D)  books 
E)  alcohol 
A)  swimwear 
B)  sporting equipment 
C)  decaffeinated beverages 
D)  books 
E)  alcohol

Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?

What is the term for an activity that may benefit the individual to the detriment of his or her employer?

If MKD implements a formal social responsibility program,to what extent should top management be involved?

Which of the following,if true,would justify the customer representative's ethical position?

The best stance toward social responsibility a company can take is a proactive one.

How often should an organization change its objectives?

How do organizations exercise social responsibility toward the environment?

Define consumerism.

Advertising for which of the following products is MOST likely to have ethical ramifications?

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

Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?

What is the term for an activity that may benefit the individual to the detriment of his or her employer?

If MKD implements a formal social responsibility program,to what extent should top management be involved?

Which of the following,if true,would justify the customer representative's ethical position?

The best stance toward social responsibility a company can take is a proactive one.

How often should an organization change its objectives?

How do organizations exercise social responsibility toward the environment?

Define consumerism.

Advertising for which of the following products is MOST likely to have ethical ramifications?

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