Question 1

The proactive approach to social responsibility argues that profits should not be spent on social programs.

Accepted Answer

A) True 
 B)False

Question 2

What Act requires an organization's chief financial officer to personally guarantee the accuracy of all financial reporting?

Accepted Answer

A)  Generally Accepted Accounting Principles (GAAP) 
B)  Securities and Exchange Commission (SE
C)  
C)  Sarbanes-Oxley 
D)  False Claims Act of 1863 
E)  Whistle-Blower Protection 
A)  Generally Accepted Accounting Principles (GAAP) 
B)  Securities and Exchange Commission (SE
C)  
C)  Sarbanes-Oxley 
D)  False Claims Act of 1863 
E)  Whistle-Blower Protection

Question 3

What is the practice of injecting water and chemicals into underground rock in order to break the rock apart called?

Accepted Answer

A)  Recycling 
B)  Toxic waste elimination 
C)  Fracking 
D)  Zero-landfill support 
E)  Repurposing 
A)  Recycling 
B)  Toxic waste elimination 
C)  Fracking 
D)  Zero-landfill support 
E)  Repurposing

Question 4

Which of the following is an informal dimension for managing social responsibility?

Accepted Answer

A)  Legal compliance 
B)  Whistle-blowing 
C)  PAC committees 
D)  Ethical compliance 
E)  Philanthropic giving 
A)  Legal compliance 
B)  Whistle-blowing 
C)  PAC committees 
D)  Ethical compliance 
E)  Philanthropic giving

Question 5

When a stakeholder uses confidential information to gain from the sale or purchase of a stock,what ethical violation are they engaging in?

Accepted Answer

A)  Whistle-blowing 
B)  Insider training 
C)  Social accommodation 
D)  Collusions 
E)  Gouging 
A)  Whistle-blowing 
B)  Insider training 
C)  Social accommodation 
D)  Collusions 
E)  Gouging

Question 6

What is the difference between ethics and social responsibility?

Accepted Answer

Ethics are beliefs about what is right a

Question 7

When an activity benefits an individual but not the employer,what ethical dilemma has been created?

Accepted Answer

A)  Lack of social responsibility 
B)  Violation of the code of conduct 
C)  Conflict of morals 
D)  Interaction with primary agents of interest 
E)  Conflict of interest 
A)  Lack of social responsibility 
B)  Violation of the code of conduct 
C)  Conflict of morals 
D)  Interaction with primary agents of interest 
E)  Conflict of interest

Question 8

Which of the following ethical norms that ensure an action is consistent with what's fair?

Accepted Answer

A)  Caring 
B)  Morals 
C)  Justice 
D)  Social responsibility 
E)  Economic agents 
A)  Caring 
B)  Morals 
C)  Justice 
D)  Social responsibility 
E)  Economic agents

Question 9

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

Accepted Answer

Small businesses must address,

Question 10

What is the purpose of a written code of ethics?

Accepted Answer

A written code of ethics forma

Question 11

Describe the stakeholder model of social responsibility.

Accepted Answer

Companies that strive to be responsible

Question 12

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

Accepted Answer

A)  By adopting and enforcing 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 and enforcing 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 13

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

Accepted Answer

An activity that benefits the

Question 14

Most philanthropic giving in the United States is targeted towards the arts.

Accepted Answer

A) True 
 B)False

Question 15

When businesses work to honor warranties,charge fair prices and stand behind the quality of their products,what stakeholder group are they supporting?

Accepted Answer

A)  Customers 
B)  Employees 
C)  Investors 
D)  Suppliers 
E)  Local communities 
A)  Customers 
B)  Employees 
C)  Investors 
D)  Suppliers 
E)  Local communities

Question 16

The most essential element in encouraging ethical behavior in an organization is letting employees dictate ethical norms.

Accepted Answer

A) True 
 B)False

Question 17

Discuss the difference between lobbying and using Political Action Committees as a means to influence government.

Accepted Answer

Lobbying,or the use of persons or groups

Question 18

What is the term given to the groups,individuals,and organizations that are directly affected by the practices of an organization?

Accepted Answer

A)  Primary agents of interest 
B)  Social auditors 
C)  Competitors 
D)  Organizational stakeholders 
E)  Local communities 
A)  Primary agents of interest 
B)  Social auditors 
C)  Competitors 
D)  Organizational stakeholders 
E)  Local communities

Question 19

To ensure efforts are producing the desired benefit,what must a socially responsible business use?

Accepted Answer

A)  Government regulation 
B)  The concept of control to social responsibility 
C)  Ethics policies 
D)  Internet campaigns 
E)  Senior leadership task forces 
A)  Government regulation 
B)  The concept of control to social responsibility 
C)  Ethics policies 
D)  Internet campaigns 
E)  Senior leadership task forces

Question 20

Firms that meet,and occasionally exceed legal and ethical requirements take what type of social responsibility stance?

Accepted Answer

A)  Proactive 
B)  Social accommodation 
C)  Defensive 
D)  Accommodative 
E)  Obstructionist 
A)  Proactive 
B)  Social accommodation 
C)  Defensive 
D)  Accommodative 
E)  Obstructionist

The proactive approach to social responsibility argues that profits should not be spent on social programs.

What Act requires an organization's chief financial officer to personally guarantee the accuracy of all financial reporting?

What is the practice of injecting water and chemicals into underground rock in order to break the rock apart called?

Which of the following is an informal dimension for managing social responsibility?

When a stakeholder uses confidential information to gain from the sale or purchase of a stock,what ethical violation are they engaging in?

What is the difference between ethics and social responsibility?

When an activity benefits an individual but not the employer,what ethical dilemma has been created?

Which of the following ethical norms that ensure an action is consistent with what's fair?

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

What is the purpose of a written code of ethics?

Describe the stakeholder model of social responsibility.

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

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

Most philanthropic giving in the United States is targeted towards the arts.

When businesses work to honor warranties,charge fair prices and stand behind the quality of their products,what stakeholder group are they supporting?

The most essential element in encouraging ethical behavior in an organization is letting employees dictate ethical norms.

Discuss the difference between lobbying and using Political Action Committees as a means to influence government.

What is the term given to the groups,individuals,and organizations that are directly affected by the practices of an organization?

To ensure efforts are producing the desired benefit,what must a socially responsible business use?

Firms that meet,and occasionally exceed legal and ethical requirements take what type of social responsibility stance?

The US Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

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

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 2: Understanding Business Ethics and Social Responsibility

The proactive approach to social responsibility argues that profits should not be spent on social programs.

What Act requires an organization's chief financial officer to personally guarantee the accuracy of all financial reporting?

What is the practice of injecting water and chemicals into underground rock in order to break the rock apart called?

Which of the following is an informal dimension for managing social responsibility?

When a stakeholder uses confidential information to gain from the sale or purchase of a stock,what ethical violation are they engaging in?

What is the difference between ethics and social responsibility?

When an activity benefits an individual but not the employer,what ethical dilemma has been created?

Which of the following ethical norms that ensure an action is consistent with what's fair?

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

What is the purpose of a written code of ethics?

Describe the stakeholder model of social responsibility.

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

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

Most philanthropic giving in the United States is targeted towards the arts.

When businesses work to honor warranties,charge fair prices and stand behind the quality of their products,what stakeholder group are they supporting?

The most essential element in encouraging ethical behavior in an organization is letting employees dictate ethical norms.

Discuss the difference between lobbying and using Political Action Committees as a means to influence government.

What is the term given to the groups,individuals,and organizations that are directly affected by the practices of an organization?

To ensure efforts are producing the desired benefit,what must a socially responsible business use?

Firms that meet,and occasionally exceed legal and ethical requirements take what type of social responsibility stance?

The US Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

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

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters