Question 1

If the general public were to follow the three-step model for applying ethical judgments to situations, what would the public do?

Accepted Answer

The general public would gather relevant

Question 2

Jana and Kate are the owners of an upscale jewelry boutique that offers unique and much desired accessories in an affluent neighborhood. Jana and Kate are concerned, however, that the company's commitment to social responsibility has begun to diminish in various respects. How would this MOST likely be evident?

Accepted Answer

A)  Other local businesses may be forced to close their doors. 
B)  The health of employees and their children is starting to suffer. 
C)  Local investors and stakeholders seek to invest their money elsewhere. 
D)  The boutique's customer base may decrease sharply due to moderate increases in price. 
E)  Employees may begin making fewer charitable personal donations. 
A)  Other local businesses may be forced to close their doors. 
B)  The health of employees and their children is starting to suffer. 
C)  Local investors and stakeholders seek to invest their money elsewhere. 
D)  The boutique's customer base may decrease sharply due to moderate increases in price. 
E)  Employees may begin making fewer charitable personal donations.

Question 3

What is a social audit?

Accepted Answer

A)  an examination of a company's financial records to determine their conformance with GAAP 
B)  a program to promote consumer activism 
C)  an analysis by the government of a company's compliance with employment laws 
D)  an analysis of a firm's success in using funds earmarked for meeting its social responsibility goals 
E)  a check on consumer rights 
A)  an examination of a company's financial records to determine their conformance with GAAP 
B)  a program to promote consumer activism 
C)  an analysis by the government of a company's compliance with employment laws 
D)  an analysis of a firm's success in using funds earmarked for meeting its social responsibility goals 
E)  a check on consumer rights

Question 4

How do organizations exercise social responsibility toward the environment?

Accepted Answer

Many organizations adopt methods that wi

Question 5

What is insider trading? Why would an investor engage in it?

Accepted Answer

Insider trading is using confidential in

Question 6

What are beliefs about what is right and wrong or good and bad called?

Accepted Answer

A)  motivators 
B)  rules 
C)  cultures 
D)  ethics 
E)  laws 
A)  motivators 
B)  rules 
C)  cultures 
D)  ethics 
E)  laws

Question 7

Which one of the following organizations has as its primary function the regulation of advertising and pricing practices?

Accepted Answer

A)  Food and Drug Administration (FD
A)  
B)  Federal Trade Commission (FT
C)  
C)  Federal Communication Commission (FC
C)  
D)  Securities and Exchange Commission (SE
C)  
E)  Small Business Administration (SB
A)  
A)  Food and Drug Administration (FD
A)  
B)  Federal Trade Commission (FT
C)  
C)  Federal Communication Commission (FC
C)  
D)  Securities and Exchange Commission (SE
C)  
E)  Small Business Administration (SB
A)

Question 8

The marketing department of Pandora is recommending to the CEO that Pandora focus future advertising on green marketing, and emphasize its pro-environmental approach and natural product ingredients. The CEO does not agree, and argues that it is not a good idea to focus on green marketing. Which of the following statements, if True, would support the argument made by the marketing department?

Accepted Answer

A)  Studies indicate that most consumers' actual purchases of "green" products occur only when other factors (such as price, quality, and amount) are equal. 
B)  Some 4 percent of the consumers of Pandora's breakfast oatmeal are considered True Blue Greens, or active environmentalists. 
C)  Company reputation can be damaged if the company is considered to be "greenwashing," or faking being green. 
D)  Pandora's breakfast oatmeal, while made of a natural product (oatmeal), also contains additives that are not organic or considered truly natural. 
E)  Green marketing would differentiate the oatmeal from the competition and could provide an advantage that would increase sales 
A)  Studies indicate that most consumers' actual purchases of "green" products occur only when other factors (such as price, quality, and amount) are equal. 
B)  Some 4 percent of the consumers of Pandora's breakfast oatmeal are considered True Blue Greens, or active environmentalists. 
C)  Company reputation can be damaged if the company is considered to be "greenwashing," or faking being green. 
D)  Pandora's breakfast oatmeal, while made of a natural product (oatmeal), also contains additives that are not organic or considered truly natural. 
E)  Green marketing would differentiate the oatmeal from the competition and could provide an advantage that would increase sales

Question 9

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. Which of the following challenges would Moia likely find to be MOST central in seeking to run both a socially responsible and successful business?

Accepted Answer

A)  how to engage in fair marketing practices that are cost-effective 
B)  how to pay her overseas workers fair wages, sell her pastries for less there, and still make the necessary profit 
C)  how to obtain the best quality macadamia nuts at a much lower price than they are worth 
D)  how to decrease employee benefits without experiencing subsequent complaints 
E)  how to perform a social audit without taking up too much valuable work time 
A)  how to engage in fair marketing practices that are cost-effective 
B)  how to pay her overseas workers fair wages, sell her pastries for less there, and still make the necessary profit 
C)  how to obtain the best quality macadamia nuts at a much lower price than they are worth 
D)  how to decrease employee benefits without experiencing subsequent complaints 
E)  how to perform a social audit without taking up too much valuable work time

Question 10

What is collusion?

Accepted Answer

Collusion occurs when two or more firms

Question 11

Which of the following is a way to tell how an organization is doing in meeting its social responsibility goals?

Accepted Answer

A)  governmental mandate 
B)  executive summary 
C)  social audit 
D)  government initiative 
E)  financial report 
A)  governmental mandate 
B)  executive summary 
C)  social audit 
D)  government initiative 
E)  financial report

Question 12

A husband and wife have just opened a gymnastics center, with the hope of training future Olympians. They desire to run their center in a socially responsible way. Which of the following should they certainly avoid?

Accepted Answer

A)  purchase of substandard gym equipment 
B)  advertising methods intended to profit the center 
C)  initiatives that decrease the satisfaction of investors 
D)  doubling of enrollment fees for the program 
E)  provision of attractive salaries for employees 
A)  purchase of substandard gym equipment 
B)  advertising methods intended to profit the center 
C)  initiatives that decrease the satisfaction of investors 
D)  doubling of enrollment fees for the program 
E)  provision of attractive salaries for employees

Question 13

What would constitute a conflict of interest in a business setting?

Accepted Answer

An activity that benefits the individual

Question 14

Jordan is a recent college graduate with a degree in computer programming. He has just begun his first full-time job and is excited to apply the skills that he worked so hard to acquire. Though he excelled as a student, Jordan is anxious about how successful he will be as an employee. When an opportunity unexpectedly presents itself to take credit for a brilliant software program that someone else wrote, Jordan does not resist and claims the program as his own. Which of the following would LEAST likely also happen along with Jordan's decision?

Accepted Answer

A)  Other recently hired employees who learn of Jordan's dishonesty are hesitant to report him because they think he is the boss's favorite new employee. 
B)  After thinking deeply about his behavior, Jordan becomes better equipped to act ethically in the future. 
C)  Without recognizing his behavior as unethical, Jordan steals office supplies and reports more hours on his time sheet than he has actually worked. 
D)  The company's ethics committee agrees that employees should not be expected to tell the truth if honesty is not part of their personal ethics. 
E)  An employee who reports Jordan's dishonesty consequently suffers from psychological and emotional stress. 
A)  Other recently hired employees who learn of Jordan's dishonesty are hesitant to report him because they think he is the boss's favorite new employee. 
B)  After thinking deeply about his behavior, Jordan becomes better equipped to act ethically in the future. 
C)  Without recognizing his behavior as unethical, Jordan steals office supplies and reports more hours on his time sheet than he has actually worked. 
D)  The company's ethics committee agrees that employees should not be expected to tell the truth if honesty is not part of their personal ethics. 
E)  An employee who reports Jordan's dishonesty consequently suffers from psychological and emotional stress.

Question 15

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

Accepted Answer

E-mail that was thought to be a private

Question 16

What is the difference between ethics and social responsibility?

Accepted Answer

Ethics are beliefs about what is right a

Question 17

Which of the following, if True, tends to compromise the ethical standing of the CEO's position?

Accepted Answer

A)  The CEO was born and raised in the community where the new plant will be located. 
B)  The CEO plans to purchase the solar energy panels for the new plant from an alternative energy business just started up by her grandson. 
C)  The plant is located near a small lake that is heavily polluted by residue from strip mining. 
D)  The firm recently instituted a policy of bonuses for environmentally responsible actions, which the managers assigned to the new plant would be certain to get. 
E)  The CEO expects to sell some of the power generated by the solar panels back to the local energy grid, enhancing corporate profits. 
A)  The CEO was born and raised in the community where the new plant will be located. 
B)  The CEO plans to purchase the solar energy panels for the new plant from an alternative energy business just started up by her grandson. 
C)  The plant is located near a small lake that is heavily polluted by residue from strip mining. 
D)  The firm recently instituted a policy of bonuses for environmentally responsible actions, which the managers assigned to the new plant would be certain to get. 
E)  The CEO expects to sell some of the power generated by the solar panels back to the local energy grid, enhancing corporate profits.

Question 18

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 19

MKD Transportation's managers strongly believe in consumer rights. What does this mean?

Accepted Answer

MKD managers recognize that customers ha

Question 20

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

If the general public were to follow the three-step model for applying ethical judgments to situations, what would the public do?

What is a social audit?

How do organizations exercise social responsibility toward the environment?

What is insider trading? Why would an investor engage in it?

What are beliefs about what is right and wrong or good and bad called?

Which one of the following organizations has as its primary function the regulation of advertising and pricing practices?

What is collusion?

Which of the following is a way to tell how an organization is doing in meeting its social responsibility goals?

A husband and wife have just opened a gymnastics center, with the hope of training future Olympians. They desire to run their center in a socially responsible way. Which of the following should they certainly avoid?

What would constitute a conflict of interest in a business setting?

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

What is the difference between ethics and social responsibility?

Which of the following, if True, tends to compromise the ethical standing of the CEO's position?

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

MKD Transportation's managers strongly believe in consumer rights. What does this mean?

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

The Us Business Environment

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

Information Technology for Business

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

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Exam 2: Business Ethics and Social Responsibility

If the general public were to follow the three-step model for applying ethical judgments to situations, what would the public do?

What is a social audit?

How do organizations exercise social responsibility toward the environment?

What is insider trading? Why would an investor engage in it?

What are beliefs about what is right and wrong or good and bad called?

Which one of the following organizations has as its primary function the regulation of advertising and pricing practices?

What is collusion?

Which of the following is a way to tell how an organization is doing in meeting its social responsibility goals?

A husband and wife have just opened a gymnastics center, with the hope of training future Olympians. They desire to run their center in a socially responsible way. Which of the following should they certainly avoid?

What would constitute a conflict of interest in a business setting?

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

What is the difference between ethics and social responsibility?

Which of the following, if True, tends to compromise the ethical standing of the CEO's position?

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

MKD Transportation's managers strongly believe in consumer rights. What does this mean?

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

The Us Business Environment

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

Information Technology for Business

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters