Question 1

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 2

What is the full meaning of the acronym GAAP?

Accepted Answer

A)  general action accounting points 
B)  gradually accepted activity positions 
C)  generally accepted accounting principles 
D)  greater antagonistic action plans 
E)  general action audit principles 
A)  general action accounting points 
B)  gradually accepted activity positions 
C)  generally accepted accounting principles 
D)  greater antagonistic action plans 
E)  general action audit principles

Question 3

Most companies have concluded that ethics training programs are not worthwhile.

Accepted Answer

A) True 
 B)False

Question 4

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 5

How might MKD be able to greenwash their company after this?

Accepted Answer

If they clean up the environme

Question 6

What constitutes ethical behavior is determined entirely by the individual.

Accepted Answer

A) True 
 B)False

Question 7

Carla's Collegiate Exchange, a popular bookseller among university students, has just drafted its mission statement. The company seeks to sell books on a sliding scale based on a student's available income. What does this MOST likely reveal about the company's ethical code?

Accepted Answer

A)  The company believes financially challenged students should not be hindered from succeeding educationally. 
B)  The company believes that poor individuals should be given a greater chance at success than are wealthy individuals. 
C)  The company is indifferent to people's financial well-being. 
D)  The company is not concerned with fostering the success of others. 
E)  The company is most motivated by a desire for greater profits. 
A)  The company believes financially challenged students should not be hindered from succeeding educationally. 
B)  The company believes that poor individuals should be given a greater chance at success than are wealthy individuals. 
C)  The company is indifferent to people's financial well-being. 
D)  The company is not concerned with fostering the success of others. 
E)  The company is most motivated by a desire for greater profits.

Question 8

Who are MKD Transportation's stakeholders?

Accepted Answer

Stakeholders are those groups, individua

Question 9

Pamela is the manager of a local eyewear store. She wants to ensure that the ethical conduct of her employees is above reproach. Which of the following should Pamela avoid doing?

Accepted Answer

A)  underscoring the importance of ethics to all employees 
B)  encouraging and equipping employees to follow the company's ethical standards 
C)  modeling behavior that employees should adopt 
D)  relying on management alone to report ethics violations 
E)  ensuring that a strict code of ethics is in place 
A)  underscoring the importance of ethics to all employees 
B)  encouraging and equipping employees to follow the company's ethical standards 
C)  modeling behavior that employees should adopt 
D)  relying on management alone to report ethics violations 
E)  ensuring that a strict code of ethics is in place

Question 10

Ethics are beliefs about what is right and wrong.

Accepted Answer

A) True 
 B)False

Question 11

Wei-Yin runs a small, socially responsible business in which she sells her own watercolor paintings. Wei-Yin has a passion to help aspiring artists in her area achieve their dreams, but so far has assisted only a few of them. Which of the following would MOST likely be a reason for this?

Accepted Answer

A)  Wei-Yin does not have much time or money to devote to this desire. 
B)  Wei-Yin is consumed with making a large profit in her business. 
C)  Wei-Yin fears that helping more artists will mean more competition for her company. 
D)  Wei-Yin does not have a sound ethical code in place. 
E)  Wei-Yin does not wish to engage in corporate philanthropy. 
A)  Wei-Yin does not have much time or money to devote to this desire. 
B)  Wei-Yin is consumed with making a large profit in her business. 
C)  Wei-Yin fears that helping more artists will mean more competition for her company. 
D)  Wei-Yin does not have a sound ethical code in place. 
E)  Wei-Yin does not wish to engage in corporate philanthropy.

Question 12

How do issues of social responsibility and ethics affect small business?

Accepted Answer

Small businesses must address more or le

Question 13

How can a firm demonstrate social responsibility to its customers?

Accepted Answer

Businesses that demonstrate social respo

Question 14

Tyrone, the president of an architectural firm, was faced with a difficult decision when asked to decrease the portion of his company's budget designated to help construct new homeless shelters. After considering his personal ethics and seeking the advice of coworkers, Tyrone decided he would not cut these funds-even though his decision would mean the company could not immediately move forward on another initiative. Caleb serves on the ethics committee at Tyrone's company. He disagrees with and is upset about Tyrone's decision. Based on this information, which of the following do Caleb and Tyrone most likely disagree about?

Accepted Answer

A)  marketing issues 
B)  ethical sourcing 
C)  social auditing 
D)  corporate philanthropy 
E)  environmental protection 
A)  marketing issues 
B)  ethical sourcing 
C)  social auditing 
D)  corporate philanthropy 
E)  environmental protection

Question 15

What role does accountability play in business life?

Accepted Answer

A)  It encourages businesses to strive for increased revenue. 
B)  It fosters laissez-faire attitudes to economic growth. 
C)  It protects and enhances the general welfare of society. 
D)  It restricts health warnings on harmful products. 
E)  It helps to maximize profits for shareholders. 
A)  It encourages businesses to strive for increased revenue. 
B)  It fosters laissez-faire attitudes to economic growth. 
C)  It protects and enhances the general welfare of society. 
D)  It restricts health warnings on harmful products. 
E)  It helps to maximize profits for shareholders.

Question 16

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 17

Tyrone, the president of an architectural firm, was faced with a difficult decision when asked to decrease the portion of his company's budget designated to help construct new homeless shelters. After considering his personal ethics and seeking the advice of coworkers, Tyrone decided he would not cut these funds-even though his decision would mean the company could not immediately move forward on another initiative. Which of the following is MOST likely to be True of Tyrone's decision?

Accepted Answer

A)  Concern for the company's profitability did not figure into the decision. 
B)  When Tyrone asked a dozen coworkers what they would do if they were in his shoes, he received mixed counsel. 
C)  Tyrone's values and morals did not help him make the decision. 
D)  If someone asks Tyrone to make a similar budget cut in the future, he will know to act as he did before without thinking through the specific situation. 
E)  Tyrone does not care about his company's success. 
A)  Concern for the company's profitability did not figure into the decision. 
B)  When Tyrone asked a dozen coworkers what they would do if they were in his shoes, he received mixed counsel. 
C)  Tyrone's values and morals did not help him make the decision. 
D)  If someone asks Tyrone to make a similar budget cut in the future, he will know to act as he did before without thinking through the specific situation. 
E)  Tyrone does not care about his company's success.

Question 18

When defining its sense of social responsibility, a firm typically confronts what areas of concern?

Accepted Answer

A firm typically confronts and has socia

Question 19

Which of the following questions would a company dedicated to increasing its level of corporate social responsibility be LEAST likely to ask?

Accepted Answer

A)  "How can we afford to pay our employees more?" 
B)  "Should we offer more sales in order to better serve our customers?" 
C)  "Can we purchase better quality ingredients while still making a profit?" 
D)  "Which charitable donations will make our investors most happy?" 
E)  "If our profits go up, can we lay off some of our employees?" 
A)  "How can we afford to pay our employees more?" 
B)  "Should we offer more sales in order to better serve our customers?" 
C)  "Can we purchase better quality ingredients while still making a profit?" 
D)  "Which charitable donations will make our investors most happy?" 
E)  "If our profits go up, can we lay off some of our employees?"

Question 20

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

Accepted Answer

A) True 
 B)False

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

What is the full meaning of the acronym GAAP?

Most companies have concluded that ethics training programs are not worthwhile.

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?

How might MKD be able to greenwash their company after this?

What constitutes ethical behavior is determined entirely by the individual.

Carla's Collegiate Exchange, a popular bookseller among university students, has just drafted its mission statement. The company seeks to sell books on a sliding scale based on a student's available income. What does this MOST likely reveal about the company's ethical code?

Who are MKD Transportation's stakeholders?

Pamela is the manager of a local eyewear store. She wants to ensure that the ethical conduct of her employees is above reproach. Which of the following should Pamela avoid doing?

Ethics are beliefs about what is right and wrong.

Wei-Yin runs a small, socially responsible business in which she sells her own watercolor paintings. Wei-Yin has a passion to help aspiring artists in her area achieve their dreams, but so far has assisted only a few of them. Which of the following would MOST likely be a reason for this?

How do issues of social responsibility and ethics affect small business?

How can a firm demonstrate social responsibility to its customers?

What role does accountability play in business life?

When defining its sense of social responsibility, a firm typically confronts what areas of concern?

Which of the following questions would a company dedicated to increasing its level of corporate social responsibility be LEAST likely to ask?

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

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

Exam 2: Business Ethics and Social Responsibility

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

What is the full meaning of the acronym GAAP?

Most companies have concluded that ethics training programs are not worthwhile.

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?

How might MKD be able to greenwash their company after this?

What constitutes ethical behavior is determined entirely by the individual.

Carla's Collegiate Exchange, a popular bookseller among university students, has just drafted its mission statement. The company seeks to sell books on a sliding scale based on a student's available income. What does this MOST likely reveal about the company's ethical code?

Who are MKD Transportation's stakeholders?

Pamela is the manager of a local eyewear store. She wants to ensure that the ethical conduct of her employees is above reproach. Which of the following should Pamela avoid doing?

Ethics are beliefs about what is right and wrong.

Wei-Yin runs a small, socially responsible business in which she sells her own watercolor paintings. Wei-Yin has a passion to help aspiring artists in her area achieve their dreams, but so far has assisted only a few of them. Which of the following would MOST likely be a reason for this?

How do issues of social responsibility and ethics affect small business?

How can a firm demonstrate social responsibility to its customers?

What role does accountability play in business life?

When defining its sense of social responsibility, a firm typically confronts what areas of concern?

Which of the following questions would a company dedicated to increasing its level of corporate social responsibility be LEAST likely to ask?

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

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