Question 1

An ethical decision or action is one that is right according to some standard of behavior.

Accepted Answer

A) True 
 B)False  True

Question 2

Ethical issues often arise out of business's relationships with investors, customers, employees, creditors, or competitors.

Accepted Answer

A) True 
 B)False  True

Question 3

The hard-core unemployed are made up of mentally ill individuals and those with prior criminal convictions.

Accepted Answer

A) True 
 B)False  False

Question 4

The lesser the competition, the greater the choice available to consumers.

Accepted Answer

A) True 
 B)False

Question 5

A firm's social responsibility program will be ineffective if it has less than the total commitment of the company's top business officials.

Accepted Answer

A) True 
 B)False

Question 6

The economic model of social responsibility emphasizes the effect of business decisions on society.

Accepted Answer

A) True 
 B)False

Question 7

Manufacturers are not required by law to inform consumers about the potential dangers of using their products.

Accepted Answer

A) True 
 B)False

Question 8

The economic model of social responsibility emphasizes profits.

Accepted Answer

A) True 
 B)False

Question 9

Businesspeople, by the very nature of their work, rarely face ethical issues to resolve.

Accepted Answer

A) True 
 B)False

Question 10

Increasing numbers of managers have adopted the socioeconomic model of social responsibility.

Accepted Answer

A) True 
 B)False

Question 11

Customers are so used to misleading advertising that it does not infuriate them anymore.

Accepted Answer

A) True 
 B)False

Question 12

In support of their position, proponents of the socioeconomic model argue that businesses should be allowed to ignore social issues.

Accepted Answer

A) True 
 B)False

Question 13

An individual's moral values and central, value-related attitudes clearly influence one's business behavior.

Accepted Answer

A) True 
 B)False

Question 14

During the first quarter of the twentieth century, working conditions were deplorable by today's standards.

Accepted Answer

A) True 
 B)False

Question 15

Employees have an easier time determining what is acceptable behavior if their company provides them with a code of ethics.

Accepted Answer

A) True 
 B)False

Question 16

False and misleading advertising is illegal and unethical.

Accepted Answer

A) True 
 B)False

Question 17

Sponsors of advertisements aimed at children must be especially careful to avoid misleading messages.

Accepted Answer

A) True 
 B)False

Question 18

The planning stage of a social responsibility program can involve outside consultants to help develop it.

Accepted Answer

A) True 
 B)False

Question 19

Once they are made aware of the pollution problem, most firms respond rather than waiting to be cited by the EPA.

Accepted Answer

A) True 
 B)False

Question 20

Within a firm, social responsibility begins with management's attitude.

Accepted Answer

A) True 
 B)False

Exam 2: B: Being Ethical and Socially Responsible

An ethical decision or action is one that is right according to some standard of behavior.

Ethical issues often arise out of business's relationships with investors, customers, employees, creditors, or competitors.

The hard-core unemployed are made up of mentally ill individuals and those with prior criminal convictions.

The lesser the competition, the greater the choice available to consumers.

A firm's social responsibility program will be ineffective if it has less than the total commitment of the company's top business officials.

The economic model of social responsibility emphasizes the effect of business decisions on society.

Manufacturers are not required by law to inform consumers about the potential dangers of using their products.

The economic model of social responsibility emphasizes profits.

Businesspeople, by the very nature of their work, rarely face ethical issues to resolve.

Increasing numbers of managers have adopted the socioeconomic model of social responsibility.

Customers are so used to misleading advertising that it does not infuriate them anymore.

In support of their position, proponents of the socioeconomic model argue that businesses should be allowed to ignore social issues.

An individual's moral values and central, value-related attitudes clearly influence one's business behavior.

During the first quarter of the twentieth century, working conditions were deplorable by today's standards.

Employees have an easier time determining what is acceptable behavior if their company provides them with a code of ethics.

False and misleading advertising is illegal and unethical.

Sponsors of advertisements aimed at children must be especially careful to avoid misleading messages.

The planning stage of a social responsibility program can involve outside consultants to help develop it.

Once they are made aware of the pollution problem, most firms respond rather than waiting to be cited by the EPA.

Within a firm, social responsibility begins with management's attitude.

Exploring the World of Business and Economics

A: Being Ethical and Socially Responsible

A: Exploring Global Business

B: Exploring Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Enhancing Union-Management Relations

Building Customer Relationships Through Effective Marketing

A: Creating and Pricing Products That Satisfy Customers

B: Creating and Pricing Products That Satisfy Customers

Wholesaling, Retailing, and Physical Distribution

Developing Integrated Marketing Communications

Social Media, E-Business, and Accounting

Using Management and Accounting Information

Understanding Money, Banking, and Credit

Mastering Financial Management

A: Understanding Personal Finances and Investments

B: Understanding Personal Finances and Investments

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