Exam 3: Managers and Society

Which of the following statements is true about social responsibility?

Business behavior that reflects honesty in advertising about the worthiness of a product or paying suppliers a fair price for their goods is an example of the ________.

________ is supported by the Sarbanes-Oxley Act as a vehicle for both discouraging deceptive management practices while encouraging ethical management practices.

Lebron wants to file a complaint against EatFry,a fast-food restaurant,because he was rejected in a job interview with the firm.Lebron believes that he was discriminated against because of race.Which of the following federal agencies should he approach?

Making donations to causes that do not somehow protect and enhance the continuity of the organization seems ________.

________ must take responsibility for creating and sustaining conditions in which people are likely to behave ethically and for minimizing conditions in which people might be tempted to behave unethically.

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

An organization decides to rid itself of contaminated waste by dumping it into a river.If this dumping renders the river toxic and unusable for fishing or recreation,the entity would be considered ________.

Empirical studies,conducted by various corporations in the United States,have demonstrated a definitive relationship between social responsibility and profitability.

Brenda works as an accountant in a software firm.She notices that the company has inflated its balance sheet to show profits,when in reality it is under loss.Brenda reports this inconsistency to the CFO and then to the local authorities,when the CFO refused to take action.Which of the following explains Brenda's actions?

Sam's Club,a discount retail division of Wal-Mart,specializes in the sale of products like jewelry,clothes,and food.The management at Sam's Club decided to increase sustainability by decreasing energy costs.One solution to decrease energy costs was a new milk jug to increase the shelf life of milk at stores,thereby reducing energy costs.This is an example of ________.

________ is an ecology-oriented certification program run by the U.S.Green Building Business Council,that rates the ecology impact of buildings of all types.

A social audit is conducted to measure the present social responsibility activities of an organization to assess its performance in this area.

Which of the following areas does an organization focus on when it minimizes waste by not overproducing goods and generating a fair profit for stakeholders?

The Federal Reserve Board(Fed)examines the relevant economic data and makes a judgment about the present and future state of the economy in order to set interest rates.If economic activity seems to be slowing down,the Fed might decide to lower interest rates as a means for stimulating economic growth.If the economy seems to be growing too fast and the inflation rate is increasing,it might choose to raise interest rates.Lowering or raising interest rates,in and of itself,is neither good nor bad; the rightness of the act depends on the consequences.This action is consistent with the ________.

According to Albert Schweitzer,________ is defined as "our concern for good behavior.We feel an obligation to consider not only our own personal wellbeing,but also that of other human beings."

Managers can fulfill their social obligation towards consumers by ________.

The greater the amount of natural resources consumed by an organization,the greater the organization's ________.

First Tee is a national not-for-profit organization based in St.Augustine,Florida,and is the official charity of the PGA Tour.The goal of First Tee is to build character among youth through the game of golf.Experiences in the program emphasize building core values like honesty,integrity,and respect for others within youth.This is an example of ________.

________,a popularly used component of social responsibility,is the promotion of welfare of others through generous monetary donations to social causes.