Exam 3: Social Environment

What are ethics?

Which of the following is the practice of charitable giving by corporations?

Trends in the social environment are an aspect of the PEST model of the business environment.

One of the best ways to make sure an organization has ethical standards throughout is to have the leaders set a good example.

Which of the following is considered a value?

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 is best described by which of the following?

The notion that people should act so as to generate the greatest good for the greatest number is derived from which of the following?

Generation Z is also known as the iGeneration.

Which of the following environmental factors is the most difficult for owners and managers to forecast, influence, or integrate into business plans?

Social factors are closely tied to which of the following?

What is the term used to describe the group consisting of the employees, investors, suppliers, and consumers of a manufacturer of laboratory equipment?

What are the questions that a manager might ask herself about the ethics of a decision, if she is using the three question test?

In the pyramid of corporate social responsibility, economic performance is the foundation for legal responsibility.

Social responsibility is the concern of businesses for society as a whole, going beyond contractual obligations.

Vonda Bao works for a furniture store that was near bankruptcy. Bao developed a marketing promotion where customers could buy one room of furnishings, and get a second room of equal value free. Her employer will be able to offer this promotion if, just prior to advertising, he doubles all of the prices. Bao knows that the advertising will make customers believe they are getting a good deal, and she thinks her employer should go ahead with the plan because it will allow the store to earn enough to stay in business. Bao is at which stage of ethical development?

Corporate philanthropy excludes any noncash donations.

Working women respond to marketing approaches in the same way as working men do.

A television station that refused to sell advertising space to a company that sells child-oriented junk food would be in the postconventional stage of ethical development.

Businesses engage in environmental protection activities to show their responsibility to their stakeholders in the general public.