Question 1

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

Accepted Answer

A firm typically addresses and

Question 2

What concept is supported by those who believe that corporations should help improve the lives of citizens?

Accepted Answer

A)  Social auditing 
B)  Government initiative 
C)  Collusion 
D)  Social responsibility 
E)  Social accommodation 
A)  Social auditing 
B)  Government initiative 
C)  Collusion 
D)  Social responsibility 
E)  Social accommodation

Question 3

What types of organizations are used to solicit money that then is distributed to political candidates?

Accepted Answer

A)  Lobbies 
B)  Government agencies 
C)  Stakeholders 
D)  Ethical compliance leaders 
E)  Political action committees 
A)  Lobbies 
B)  Government agencies 
C)  Stakeholders 
D)  Ethical compliance leaders 
E)  Political action committees

Question 4

Which of the following best supports an organization's stance in terms of social responsibility and ethical leadership?

Accepted Answer

A)  Philanthropic giving 
B)  Organizational leadership practices 
C)  Line and staff members 
D)  Stakeholders 
E)  Government intervention 
A)  Philanthropic giving 
B)  Organizational leadership practices 
C)  Line and staff members 
D)  Stakeholders 
E)  Government intervention

Question 5

Define consumerism.

Accepted Answer

Consumerism is social activism

Question 6

Managerial ethics can be classified into three areas; behavior toward employees,behavior toward the organization,and behavior toward other economic agents.

Accepted Answer

A) True 
 B)False

Question 7

Standards that help to shape behaviors towards employees,the organization,and other economic agents are

Accepted Answer

A)  social responsibilities. 
B)  managerial ethics. 
C)  whistle-blowing techniques. 
D)  values. 
E)  morals. 
A)  social responsibilities. 
B)  managerial ethics. 
C)  whistle-blowing techniques. 
D)  values. 
E)  morals.

Question 8

An individual's personal code of ethics is shaped by his or her life experiences.

Accepted Answer

A) True 
 B)False

Question 9

Ethics are beliefs about what is right and wrong.

Accepted Answer

A) True 
 B)False

Question 10

Describe the three-step model for applying ethical judgments.

Accepted Answer

The three-step model includes (1)gatheri

Question 11

Most firms use outside auditors to conduct their social audit.

Accepted Answer

A) True 
 B)False

Question 12

What must every corporation do in maintaining and reporting its financial status?

Accepted Answer

A)  Purchase stocks on margin 
B)  Use creative accounting practices 
C)  Support increased stock prices 
D)  Aim to maximize predicted profit margins 
E)  Conform to generally accepted accounting principles 
A)  Purchase stocks on margin 
B)  Use creative accounting practices 
C)  Support increased stock prices 
D)  Aim to maximize predicted profit margins 
E)  Conform to generally accepted accounting principles

Question 13

Identify two arguments against social responsibility as a business goal.

Accepted Answer

Some skeptics of business-sponsored soci

Question 14

The best stance toward social responsibility a company can take is a proactive one.

Accepted Answer

A) True 
 B)False

Question 15

A whistle-blower is an outsider who reports publicly on the wrongdoings of companies.

Accepted Answer

A) True 
 B)False

Question 16

Social activism dedicated to protecting the rights of consumers is the result of what?

Accepted Answer

A)  Decreased consumer rights 
B)  Consumerism 
C)  International agreements 
D)  The Consumer Bill of Rights 
E)  Green marketing efforts 
A)  Decreased consumer rights 
B)  Consumerism 
C)  International agreements 
D)  The Consumer Bill of Rights 
E)  Green marketing efforts

Question 17

Small businesses must answer many of the same social responsibility questions as big businesses.

Accepted Answer

A) True 
 B)False

Question 18

Some ethical and unethical behaviors fall into gray areas,while others are widely agreed upon.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following regulates advertising and pricing practices to protect consumers?

Accepted Answer

A)  Generally Accepted Accounting Principles 
B)  North American Free Trade Agreement 
C)  Food and Drug Administration 
D)  Federal Trade Commission 
E)  Children's Online Privacy Protection Act 
A)  Generally Accepted Accounting Principles 
B)  North American Free Trade Agreement 
C)  Food and Drug Administration 
D)  Federal Trade Commission 
E)  Children's Online Privacy Protection Act

Question 20

In what way can a business or industry represent themselves before political bodies in order to influence the government?

Accepted Answer

A)  Personal contacts 
B)  Financial gifts 
C)  Lobbying 
D)  Offering favors 
E)  Voting 
A)  Personal contacts 
B)  Financial gifts 
C)  Lobbying 
D)  Offering favors 
E)  Voting

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

What concept is supported by those who believe that corporations should help improve the lives of citizens?

What types of organizations are used to solicit money that then is distributed to political candidates?

Which of the following best supports an organization's stance in terms of social responsibility and ethical leadership?

Define consumerism.

Managerial ethics can be classified into three areas; behavior toward employees,behavior toward the organization,and behavior toward other economic agents.

Standards that help to shape behaviors towards employees,the organization,and other economic agents are

An individual's personal code of ethics is shaped by his or her life experiences.

Ethics are beliefs about what is right and wrong.

Describe the three-step model for applying ethical judgments.

Most firms use outside auditors to conduct their social audit.

What must every corporation do in maintaining and reporting its financial status?

Identify two arguments against social responsibility as a business goal.

The best stance toward social responsibility a company can take is a proactive one.

A whistle-blower is an outsider who reports publicly on the wrongdoings of companies.

Social activism dedicated to protecting the rights of consumers is the result of what?

Small businesses must answer many of the same social responsibility questions as big businesses.

Some ethical and unethical behaviors fall into gray areas,while others are widely agreed upon.

Which of the following regulates advertising and pricing practices to protect consumers?

In what way can a business or industry represent themselves before political bodies in order to influence the government?

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

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

What concept is supported by those who believe that corporations should help improve the lives of citizens?

What types of organizations are used to solicit money that then is distributed to political candidates?

Which of the following best supports an organization's stance in terms of social responsibility and ethical leadership?

Define consumerism.

Managerial ethics can be classified into three areas; behavior toward employees,behavior toward the organization,and behavior toward other economic agents.

Standards that help to shape behaviors towards employees,the organization,and other economic agents are

An individual's personal code of ethics is shaped by his or her life experiences.

Ethics are beliefs about what is right and wrong.

Describe the three-step model for applying ethical judgments.

Most firms use outside auditors to conduct their social audit.

What must every corporation do in maintaining and reporting its financial status?

Identify two arguments against social responsibility as a business goal.

The best stance toward social responsibility a company can take is a proactive one.

A whistle-blower is an outsider who reports publicly on the wrongdoings of companies.

Social activism dedicated to protecting the rights of consumers is the result of what?

Small businesses must answer many of the same social responsibility questions as big businesses.

Some ethical and unethical behaviors fall into gray areas,while others are widely agreed upon.

Which of the following regulates advertising and pricing practices to protect consumers?

In what way can a business or industry represent themselves before political bodies in order to influence the government?

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