Question 1

Component lifestyles are important for businesses to consider for which of the following reasons?

Accepted Answer

A)  They indicate consumer income. 
B)  They are important in domestic markets. 
C)  They increase the complexity of consumer buying habits. 
D)  They are constantly changing. 
A)  They indicate consumer income. 
B)  They are important in domestic markets. 
C)  They increase the complexity of consumer buying habits. 
D)  They are constantly changing.

Question 2

Baby boomers were born in the period from the late 1940s to the mid-1960s.This group is best characterized by which of the following?

Accepted Answer

A)  They are committed to the idea of building up their personal savings. 
B)  They created a strong ethic of volunteerism for themselves. 
C)  They value travel and independence more than the other groups. 
D)  They experienced post-war affluence that influenced the importance of material goods and improvement of social status. 
A)  They are committed to the idea of building up their personal savings. 
B)  They created a strong ethic of volunteerism for themselves. 
C)  They value travel and independence more than the other groups. 
D)  They experienced post-war affluence that influenced the importance of material goods and improvement of social status.

Question 3

Which of the following is an example of an unethical business activity?

Accepted Answer

A)  The employee reports his employer for making several illegal deductions from his pay. 
B)  The employee unknowingly gives out incorrect information. 
C)  The sales representative allows the customer to believe that his purchase would be delivered on time, as he believed this to be true himself. 
D)  The employee uses a company computer to check his results in an online betting transaction. 
A)  The employee reports his employer for making several illegal deductions from his pay. 
B)  The employee unknowingly gives out incorrect information. 
C)  The sales representative allows the customer to believe that his purchase would be delivered on time, as he believed this to be true himself. 
D)  The employee uses a company computer to check his results in an online betting transaction.

Question 4

When an employee takes home company stationery supplies such as pens and binders,to give to his children as school supplies,it is unethical.

Accepted Answer

A) True 
 B)False

Question 5

A new trend in the form of a new social contract between employer and employee regarding job security is emerging.How is the responsibility for ensuring job security shared?

Accepted Answer

Employees can ensure security

Question 6

Corporate philanthropy excludes any noncash donations.

Accepted Answer

A) True 
 B)False

Question 7

Producing a product using existing standards as a guideline,even though new information suggests those standards may be unsafe or in need of change for safety reasons,is irresponsible and illegal.

Accepted Answer

A) True 
 B)False

Question 8

Peter Drucker,a well-known management scholar,has said that companies should be evaluated on which two basic dimensions?

Accepted Answer

A)  profitability and philanthropy 
B)  customer satisfaction and profitability 
C)  legality and profitability 
D)  legality and responsibility 
A)  profitability and philanthropy 
B)  customer satisfaction and profitability 
C)  legality and profitability 
D)  legality and responsibility

Question 9

The philosophy of utilitarianism is used to explain why businesses should make themselves accessible to people with disabilities.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following represents the buying pattern of those with a simple lifestyle?

Accepted Answer

A)  They will buy when the mood strikes them. 
B)  It is not an important factor in their buying behaviour. 
C)  They will buy less. 
D)  They will buy more. 
A)  They will buy when the mood strikes them. 
B)  It is not an important factor in their buying behaviour. 
C)  They will buy less. 
D)  They will buy more.

Question 11

In evaluating an ethical problem,managers can use which of the following tests to determine the most ethical response?

Accepted Answer

A)  three questions test 
B)  whistle-blowing test 
C)  social responsibility test 
D)  social contract test 
A)  three questions test 
B)  whistle-blowing test 
C)  social responsibility test 
D)  social contract test

Question 12

The president of a company that manufactures plastic pipes for transporting crude oil considers how the company's decisions will affect the welfare of society.He is expressing which of the following?

Accepted Answer

A)  macroeconomics 
B)  social responsibility 
C)  consumerism 
D)  business ethics 
A)  macroeconomics 
B)  social responsibility 
C)  consumerism 
D)  business ethics

Question 13

Why is the study of demography important?

Accepted Answer

because it

Question 14

The greatest increase in the Canadian population over the next decade will come from the increased birth rate.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following best describes social investing?

Accepted Answer

A)  It has little impact on whether a company chooses to operate in a socially responsible way. 
B)  It is the practice of limiting investments to companies that have the ethical policies that match those of the investor. 
C)  It was more popular in the 1960s than it is today. 
D)  It is a type of corporate philanthropy. 
A)  It has little impact on whether a company chooses to operate in a socially responsible way. 
B)  It is the practice of limiting investments to companies that have the ethical policies that match those of the investor. 
C)  It was more popular in the 1960s than it is today. 
D)  It is a type of corporate philanthropy.

Question 16

Organizations can be evaluated on two basic dimensions with regard to social responsibility-legality and responsibility.

Accepted Answer

A) True 
 B)False

Question 17

The highest level of the corporate social responsibility pyramid is represented by which of the following?

Accepted Answer

A)  philanthropic (charitable) responsibilities 
B)  economic responsibilities 
C)  responsibilities to stakeholders 
D)  legal responsibilities 
A)  philanthropic (charitable) responsibilities 
B)  economic responsibilities 
C)  responsibilities to stakeholders 
D)  legal responsibilities

Question 18

According to your text,which of the following demographic groups are described as "the most ethnically and socially diverse generation in history"?

Accepted Answer

A)  the baby boomers 
B)  the mature market 
C)  Generation Y 
D)  Generation X 
A)  the baby boomers 
B)  the mature market 
C)  Generation Y 
D)  Generation X

Question 19

Component lifestyle is a term that is described by which of the following behaviours?

Accepted Answer

A)  choosing to consider work, family, and leisure as equally important 
B)  having a complex set of interests and choices 
C)  choosing to live near employment during the week, and in cottage country on weekends 
D)  having several careers that are varied in nature over several years 
A)  choosing to consider work, family, and leisure as equally important 
B)  having a complex set of interests and choices 
C)  choosing to live near employment during the week, and in cottage country on weekends 
D)  having several careers that are varied in nature over several years

Question 20

The base of the corporate social responsibility pyramid is represented by which of the following?

Accepted Answer

A)  responsibilities to stakeholders 
B)  economic responsibility 
C)  legal responsibility 
D)  philanthropic responsibility 
A)  responsibilities to stakeholders 
B)  economic responsibility 
C)  legal responsibility 
D)  philanthropic responsibility

Component lifestyles are important for businesses to consider for which of the following reasons?

Baby boomers were born in the period from the late 1940s to the mid-1960s.This group is best characterized by which of the following?

Which of the following is an example of an unethical business activity?

When an employee takes home company stationery supplies such as pens and binders,to give to his children as school supplies,it is unethical.

A new trend in the form of a new social contract between employer and employee regarding job security is emerging.How is the responsibility for ensuring job security shared?

Corporate philanthropy excludes any noncash donations.

Producing a product using existing standards as a guideline,even though new information suggests those standards may be unsafe or in need of change for safety reasons,is irresponsible and illegal.

Peter Drucker,a well-known management scholar,has said that companies should be evaluated on which two basic dimensions?

The philosophy of utilitarianism is used to explain why businesses should make themselves accessible to people with disabilities.

Which of the following represents the buying pattern of those with a simple lifestyle?

In evaluating an ethical problem,managers can use which of the following tests to determine the most ethical response?

The president of a company that manufactures plastic pipes for transporting crude oil considers how the company's decisions will affect the welfare of society.He is expressing which of the following?

Why is the study of demography important?

The greatest increase in the Canadian population over the next decade will come from the increased birth rate.

Which of the following best describes social investing?

Organizations can be evaluated on two basic dimensions with regard to social responsibility-legality and responsibility.

The highest level of the corporate social responsibility pyramid is represented by which of the following?

According to your text,which of the following demographic groups are described as "the most ethnically and socially diverse generation in history"?

Component lifestyle is a term that is described by which of the following behaviours?

The base of the corporate social responsibility pyramid is represented by which of the following?

Politics Governments’ Roles

Economics Evolving Systems

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Analyzing the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance Maximizing the Value

Filters

Exam 3: Social Society, Corporate Responsibility, and Making Ethical Decisions

Component lifestyles are important for businesses to consider for which of the following reasons?

Baby boomers were born in the period from the late 1940s to the mid-1960s.This group is best characterized by which of the following?

Which of the following is an example of an unethical business activity?

When an employee takes home company stationery supplies such as pens and binders,to give to his children as school supplies,it is unethical.

A new trend in the form of a new social contract between employer and employee regarding job security is emerging.How is the responsibility for ensuring job security shared?

Corporate philanthropy excludes any noncash donations.

Producing a product using existing standards as a guideline,even though new information suggests those standards may be unsafe or in need of change for safety reasons,is irresponsible and illegal.

Peter Drucker,a well-known management scholar,has said that companies should be evaluated on which two basic dimensions?

The philosophy of utilitarianism is used to explain why businesses should make themselves accessible to people with disabilities.

Which of the following represents the buying pattern of those with a simple lifestyle?

In evaluating an ethical problem,managers can use which of the following tests to determine the most ethical response?

The president of a company that manufactures plastic pipes for transporting crude oil considers how the company's decisions will affect the welfare of society.He is expressing which of the following?

Why is the study of demography important?

The greatest increase in the Canadian population over the next decade will come from the increased birth rate.

Which of the following best describes social investing?

Organizations can be evaluated on two basic dimensions with regard to social responsibility-legality and responsibility.

The highest level of the corporate social responsibility pyramid is represented by which of the following?

According to your text,which of the following demographic groups are described as "the most ethnically and socially diverse generation in history"?

Component lifestyle is a term that is described by which of the following behaviours?

The base of the corporate social responsibility pyramid is represented by which of the following?

Politics Governments’ Roles

Economics Evolving Systems

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Analyzing the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance Maximizing the Value

Filters