Question 1

Business practices that are acceptable in one country may be considered unethical in others.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following statements is true of the Toxic Substances Control Act of 1976?

Accepted Answer

A)  It makes it illegal to discharge any pollutant into navigable waters unless a permit is obtained. 
B)  It sets maximum air pollution standards for each of the 50 states. 
C)  It gives the EPA the authority to set standards on the type and quantity of pollutants that industries can discharge into bodies of water. 
D)  It bans the sale of impure, improperly labeled, falsely guaranteed, and unhealthful foods, drugs, and cosmetics. 
E)  It gives the EPA the ability to track the 75,000 industrial chemicals currently produced in or imported into the United States. 
A)  It makes it illegal to discharge any pollutant into navigable waters unless a permit is obtained. 
B)  It sets maximum air pollution standards for each of the 50 states. 
C)  It gives the EPA the authority to set standards on the type and quantity of pollutants that industries can discharge into bodies of water. 
D)  It bans the sale of impure, improperly labeled, falsely guaranteed, and unhealthful foods, drugs, and cosmetics. 
E)  It gives the EPA the ability to track the 75,000 industrial chemicals currently produced in or imported into the United States. E

Question 3

Ethics training is ineffective because it involves more of discussions on real-life ethical issues than lecturing.

Accepted Answer

A) True 
 B)False  False

Question 4

_____ are rules that government agencies issue to implement laws.

Accepted Answer

A)  Doctrines 
B)  Regulations 
C)  Licenses 
D)  Fundamental Rights 
E)  Provisions 
A)  Doctrines 
B)  Regulations 
C)  Licenses 
D)  Fundamental Rights 
E)  Provisions

Question 5

A(n)_____ is a tax levied against a business's profits.

Accepted Answer

A)  property tax 
B)  income tax 
C)  deferred tax 
D)  sales tax 
E)  value added tax 
A)  property tax 
B)  income tax 
C)  deferred tax 
D)  sales tax 
E)  value added tax

Question 6

It is considered a normal practice for managers to invite clients to play golf with them.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is true of trademarks?

Accepted Answer

A)  Registered trademarks are good for 17 years. 
B)  They can be used to protect literary works, movies, and computer programs. 
C)  They are powerful selling tools. 
D)  Companies cannot renew trademarks. 
E)  A company's trademark can be used by other companies. 
A)  Registered trademarks are good for 17 years. 
B)  They can be used to protect literary works, movies, and computer programs. 
C)  They are powerful selling tools. 
D)  Companies cannot renew trademarks. 
E)  A company's trademark can be used by other companies.

Question 8

Commercial law regulates how much money businesses must pay the government to help provide services for the public.

Accepted Answer

A) True 
 B)False

Question 9

A _____ allows management to evaluate the success or lack of success of programs designed to improve the social performance of the organization.

Accepted Answer

A)  SWOT analysis 
B)  value chain analysis 
C)  BCG analysis 
D)  social audit 
E)  social scorecard 
A)  SWOT analysis 
B)  value chain analysis 
C)  BCG analysis 
D)  social audit 
E)  social scorecard

Question 10

_____ are situations in which the ethical course of action is not clear.

Accepted Answer

A)  Ethical dilemmas 
B)  Ethical lapses 
C)  Meta ethics 
D)  Normative ethics 
E)  Ethical misconducts 
A)  Ethical dilemmas 
B)  Ethical lapses 
C)  Meta ethics 
D)  Normative ethics 
E)  Ethical misconducts

Question 11

Compare the trusteeship management and social involvement approaches to social responsibility.

Accepted Answer

Trusteeship management was popular from

Question 12

Codes of ethics are particularly helpful when an individual's self-interest is incompatible with acting in accordance with his or her ethical standards.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is an advantage of a corporation?

Accepted Answer

A)  They pay lesser taxes as compared to any other type of business. 
B)  They offer stockholders limited liability. 
C)  A single person controls the entire business and keeps all the profits. 
D)  They need not comply with state and federal laws. 
E)  They can begin a business at any time. 
A)  They pay lesser taxes as compared to any other type of business. 
B)  They offer stockholders limited liability. 
C)  A single person controls the entire business and keeps all the profits. 
D)  They need not comply with state and federal laws. 
E)  They can begin a business at any time.

Question 14

Which of the following is true of a corporation?

Accepted Answer

A)  It has unlimited liability. 
B)  It cannot exist apart from its owners. 
C)  It cannot be taxed and sued like an individual. 
D)  It has a tougher time getting credit than any other type of business. 
E)  It pays more taxes than any other type of business. 
A)  It has unlimited liability. 
B)  It cannot exist apart from its owners. 
C)  It cannot be taxed and sued like an individual. 
D)  It has a tougher time getting credit than any other type of business. 
E)  It pays more taxes than any other type of business.

Question 15

The Equal Credit Opportunity Act of 1975 ensures that no public company makes,extends,modifies,or renews any personal loan to its executive officers or directors.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following acts makes it illegal for companies to charge different prices to different wholesale customers?

Accepted Answer

A)  Robinson-Patman Act 
B)  Adamson Act 
C)  Clayton Act 
D)  Norris-LaGuardia Act 
E)  Wheeler-Lea Act 
A)  Robinson-Patman Act 
B)  Adamson Act 
C)  Clayton Act 
D)  Norris-LaGuardia Act 
E)  Wheeler-Lea Act

Question 17

To satisfy the _____,written contracts must contain certain information such as the quantity of goods involved in the business.

Accepted Answer

A)  code of ethics 
B)  Uniform Commercial Code 
C)  Equal Credit Opportunity Act 
D)  standard trust code 
E)  building code 
A)  code of ethics 
B)  Uniform Commercial Code 
C)  Equal Credit Opportunity Act 
D)  standard trust code 
E)  building code

Question 18

Discuss the collection of taxes from employees through businesses.

Accepted Answer

Businesses collect taxes from workers.Th

Question 19

Which of the following is an example of corporate philanthropy?

Accepted Answer

A)  Encouraging employees to carpool 
B)  Creating production processes that are environmentally friendly 
C)  Allowing workers to better meet their families' needs 
D)  Granting employees paid time off to participate in charitable activities 
E)  Creating an ethnically diverse work environment 
A)  Encouraging employees to carpool 
B)  Creating production processes that are environmentally friendly 
C)  Allowing workers to better meet their families' needs 
D)  Granting employees paid time off to participate in charitable activities 
E)  Creating an ethnically diverse work environment

Question 20

Trusteeship management believed that corporations should solely focus on maximizing profits.

Accepted Answer

A) True 
 B)False

Business practices that are acceptable in one country may be considered unethical in others.

Which of the following statements is true of the Toxic Substances Control Act of 1976?

Ethics training is ineffective because it involves more of discussions on real-life ethical issues than lecturing.

_____ are rules that government agencies issue to implement laws.

A(n)_____ is a tax levied against a business's profits.

It is considered a normal practice for managers to invite clients to play golf with them.

Which of the following is true of trademarks?

Commercial law regulates how much money businesses must pay the government to help provide services for the public.

A _____ allows management to evaluate the success or lack of success of programs designed to improve the social performance of the organization.

_____ are situations in which the ethical course of action is not clear.

Compare the trusteeship management and social involvement approaches to social responsibility.

Codes of ethics are particularly helpful when an individual's self-interest is incompatible with acting in accordance with his or her ethical standards.

Which of the following is an advantage of a corporation?

Which of the following is true of a corporation?

The Equal Credit Opportunity Act of 1975 ensures that no public company makes,extends,modifies,or renews any personal loan to its executive officers or directors.

Which of the following acts makes it illegal for companies to charge different prices to different wholesale customers?

To satisfy the _____,written contracts must contain certain information such as the quantity of goods involved in the business.

Discuss the collection of taxes from employees through businesses.

Which of the following is an example of corporate philanthropy?

Trusteeship management believed that corporations should solely focus on maximizing profits.

Management in a Diverse Workplace

The Management Movement

Developing Communication Skills

Decision-Making Skills

International Business

The Basics of Planning and Strategic Management

Organizing Work

Organizational Structure

Understanding Work Groups and Teams

Staffing

Employee Training and Development

Motivating Employees

Developing Leadership Skills

Managing Conflict and Stress

Managing Change and Culture

Management Control

Appraising and Rewarding Performance

Operations Management and Planning

Operations Control

Filters

Exam 5: Ethical, social, and Legal Responsibilities of Management

Business practices that are acceptable in one country may be considered unethical in others.

Which of the following statements is true of the Toxic Substances Control Act of 1976?

Ethics training is ineffective because it involves more of discussions on real-life ethical issues than lecturing.

_____ are rules that government agencies issue to implement laws.

A(n)_____ is a tax levied against a business's profits.

It is considered a normal practice for managers to invite clients to play golf with them.

Which of the following is true of trademarks?

Commercial law regulates how much money businesses must pay the government to help provide services for the public.

A _____ allows management to evaluate the success or lack of success of programs designed to improve the social performance of the organization.

_____ are situations in which the ethical course of action is not clear.

Compare the trusteeship management and social involvement approaches to social responsibility.

Codes of ethics are particularly helpful when an individual's self-interest is incompatible with acting in accordance with his or her ethical standards.

Which of the following is an advantage of a corporation?

Which of the following is true of a corporation?

The Equal Credit Opportunity Act of 1975 ensures that no public company makes,extends,modifies,or renews any personal loan to its executive officers or directors.

Which of the following acts makes it illegal for companies to charge different prices to different wholesale customers?

To satisfy the _____,written contracts must contain certain information such as the quantity of goods involved in the business.

Discuss the collection of taxes from employees through businesses.

Which of the following is an example of corporate philanthropy?

Trusteeship management believed that corporations should solely focus on maximizing profits.

Management in a Diverse Workplace

The Management Movement

Developing Communication Skills

Decision-Making Skills

International Business

The Basics of Planning and Strategic Management

Organizing Work

Organizational Structure

Understanding Work Groups and Teams

Staffing

Employee Training and Development

Motivating Employees

Developing Leadership Skills

Managing Conflict and Stress

Managing Change and Culture

Management Control

Appraising and Rewarding Performance

Operations Management and Planning

Operations Control

Filters