Chapter 2 assignment quiz

Immediately after their business ethics class on Tuesday morning, Beatriz and Yang began to debate the relative merits of the economic and the socioeconomic views of social responsibility. Beatriz supports the economic model of social responsibility, while Yang supports the socioeconomic model. Which of the following is an argument in support of Beatriz's position? a. By helping resolve social issues, business can create a more stable environment for long-term profitability. b. Business managers are responsible primarily to stockholders, so management must be concerned with providing a return on owners' investments. c. Business has the technical, financial, and managerial resources needed to tackle today's complex social issues. d. Because business is a part of our society, it cannot ignore social issues.

Business managers are responsible primarily to stockholders, so management must be concerned with providing a return on owners' investments.

Complete Dental Care in eastern Ohio is one of the dental offices that is part of North American Dental Group. Dr. John Kramer runs a competing dental practice. He saw several of Complete Dental Care's former patients. One patient had gotten two root canals and was told she needed more despite what Dr. Kramer saw on X-rays. When he saw another patient that was told he needed 18 root canals, Dr. Kramer became concerned with Complete Dental Care's practices. He filed a federal False Claims Act lawsuit against Complete Dental Care and North American Dental Group. Dr. John Kramer is engaging in ______. a. whistle-blowing b. social responsibility c. his code of ethics d. a conflict of interest

whistle-blowing

Bank of America provides all its employees a written guide to acceptable and ethical behavior as defined by the organization, outlining uniform policies, standards, and punishments for violations. This written guide is known as which of the following? a. a nondisclosure agreement b. a code of ethics c. a social audit d. the sarbanes-oxley act of 2002

a code of ethics

Suppose that Marta, a Facebook employee, works during her "off hours" for a start-up company that is developing a social networking site designed to compete with Facebook. Marta is faced with which of the following ethical dilemmas? a. a conflict of interest b. a nondisclosure agreement c. a non-compete agreement d. a failure to communicate

a conflict of interest

Salesforce.com is a Fortune 500 company and one of the largest enterprise software companies in the United States. As one of its goals, Salesforce.com strives to use 100 percent renewable energy, and it tracks its progress annually, releasing its findings in a stakeholder impact report on its website. This is an example of which of the following? a. affirmative action b. the economic model of social responsibility c. consumerism d. a social audit

a social audit

Teresa Ross brought a lawsuit against Group Health Cooperative under the False Claims Act. Ross, who worked as Director of Risk Adjustment Services for the healthcare firm, believed that Group Health Cooperative was defrauding Medicare by inflating or altering patients' diagnoses to receive higher payments. The company eventually settled the case with the United States Department of Justice for $6.3 million, and Ross was awarded approximately $1.5 million for engaging in which of the following? a. whistle-blowing b. a conflict of interest c. a code of ethics d. corporate citizenship

whistle-blowing

Maricel has a horrible boss named Dimitri. Dimitri verbally humiliates and intimidates Maricel daily, telling her on the shop floor and in front of her coworkers that she is a terrible employee, and that he will fire her soon if she does not improve her performance. Dimitri's actions have made Maricel anxious and deeply depressed, and her productivity has only decreased as a result. Dimitri's statements to Maricel likely constitute which of the following? a. legally permissible performance evaluation b. legally permissible discretionary supervision c. workplace bullying d. affirmative action

workplace bullying

Which of the following is correct regarding trade associations' role in encouraging ethics? a. Trade associations are in a poor position to exert pressure on members to stop engaging in questionable business practices that may harm all firms in the industry. b. The authority to implement ethical guidelines for members is the same among trade associations. - c. Trade associations rarely provide ethical guidelines for their members. d. Trade associations must ensure that their ethical codes do not contain provisions that run afoul of antitrust laws.

Trade associations must ensure that their ethical codes do not contain provisions that run afoul of antitrust laws.

The Coca-Cola Company, a Fortune 500 company, actively seeks to increase the number of employees from underrepresented groups at all levels within its organization. This means that Coca-Cola supports which of the following? a. workplace homogeneity b. the economic model of social responsibility c. affirmative action d. consumerism

affirmative action

As part of her undergraduate education, Isabel would like to study the application of moral standards to business situations. Which academic discipline should she pursue to best fulfill this academic objective? a. ethics b. law c. economics d. business ethics

business ethics

Rishaan just researched the Bernard Madoff scandal, and he is appalled by what he has learned. Bernard Madoff was a fraudster and financier who ran the largest Ponzi scheme in history, defrauding his clients of approximately $50 billion in investments. Rishaan's research and his reaction relate most closely to which of the following academic disciplines? a. business ethics b. law c. ethics d. economics

business ethics

North American Dental Group recently hired Keith Carrington as its chief compliance and privacy officer. One thing that Carrington may be responsible for is creating a _____, which would outline policies for acceptable and ethical behavior. a. standard of care b. whistle-blowing checklist c. corporate citizenship guide d. code of ethics

code of ethics

What is the distinction between ethics and business ethics? a. ethics may become part of the law, while business ethics may not b. business ethics may become part of the law, while ethics may not c. ethics is the study of right and wrong and the morality of the choices individuals make, while business ethics is the application of moral standards to business situations d. business ethics is the study of right and wrong and the morality of the choices individuals make, while ethics is the application of moral standards to business situations

ethics is the study of right and wrong and the morality of the choices individuals make, while business ethics is the application of moral standards to business situations

Generally, the situation occurring at North American Dental Group offices is an ethical issue related to _____. a. fairness and honesty b. organizational relationships c. communication d. conflict of interest

fairness and honesty

Which of the following is correct regarding advertising? a. sponsors of advertisements aimed at children are held to a lower legal and ethical standard compared to sponsors of advertisements aimed at adults b. it is not a recognized type of business communications c. advertisers of health-related products are not subject to Federal Trade Commission guidelines on the use of descriptive product labels d. false and misleading advertising is both illegal and unethical

false and misleading advertising is both illegal and unethical

In July 2020, Apple Inc. (headquartered in Cupertino, California) announced its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. The company's "climate roadmap" includes steps to increase the use of low carbon and recycled materials in its products, expand its energy efficiency, move its entire supply chain to renewable energy sources, improve its processes and materials, and actively work to remove carbon from the atmosphere. This is an example of which of the following? a. the economic model of social responsibility b. affirmative action c. green marketing d. strict legal compliance with federal law

green marketing

Mikkel is a 45-year-old male with a tenth-grade education. He has been unemployed on numerous occasions and for extended periods of time during his adult life. Mikkel's mother has encouraged him to take classes at the local community college to learn a marketable trade skill, but to no avail. Mikkel is classified as which of the following? a. systematically unemployed b. hard-core unemployed c. seasonally unemployed d. cyclically unemployed

hard-core unemployed

Suppose that Vincente, founder of his own investment firm, orchestrates a Ponzi scheme designed to defraud investors. Vincente's actions are most indicative of which of the following factors affecting ethics? a. individual b. social c. socioeconomic d. opportunity

individual

What is the legislative impact of the Sarbanes-Oxley Act of 2002? a. it provides sweeping legal protection for those who report corporate misconduct b. it implicates by reference those who report corporate misconduct c. it effectively waives the constitutional privilege against self-incrimination for those who report corporate misconduct d. it subjects those who report corporate misconduct to double jeopardy

it provides sweeping legal protection for those who report corporate misconduct

Patrick, a receptionist in a dental office, has been put in sole charge of his employer's financial records. Shortly after this occurred, Patrick embezzled $15,000 from the practice, and manipulated the financial records to hide the fact that he had stolen the money. Patrick's actions are most indicative of which of the following factors affecting ethics? a. opportunity b. socioeconomic c. social d. individual

opportunity

In writing his final paper for Business Ethics class, Nikolaj copied significant parts of the paper from other sources without acknowledging those sources. Once his professor discovered this, he failed Nikolaj for the course. Which of the following violations did Nikolaj commit? a. plagiarism b. a conflict of interest c. patent infringement d. attribution

plagiarism

Dick's Sporting Goods, the biggest sporting goods retailer in the United States, earned significant publicity several years ago when it decided to stop selling guns to customers younger than 21 and removed assault rifles and high-capacity ammunition magazines from all of its stores. This decision is most consistent with which of the following public responsibilities of business? a. the right to choose b. public health c. the economic model of social responsibility d. consumerism

public health

For months, Miguel, a waiter, has watched his coworker and fellow server, Oliver, steal money from the restaurant cash register. On numerous occasions, Oliver has encouraged Miguel to do the same, contending that such action is justified because the restaurant does not pay them adequately. Eventually, Miguel does take money from the register, and he is immediately caught by his employer. Miguel's action is most indicative of which of the following factors affecting ethics? a. individual - b. social c. opportunity d. socioeconomic

social

Aisha owns and operates a food truck in San Antonio, Texas. Aisha believes that there is too much government regulation of business (she is particularly concerned about all the health regulations governing food sales). She believes that both her business and her customers would benefit most if the government simply left her alone to make and sell the food that her customers want. Which model of social responsibility does Aisha's views represent? a. the economic model of social responsibility b. the socioeconomic model of social responsibility c. the sociocultural model of social responsibility d. the sociodemographic model of social responsibility

the economic model of social responsibility

Jun is a single parent of two children, Bohai and Jian. She has applied for numerous home mortgages, but she has been denied credit every time, even though Jun has a full-time job as a surgical technician making $55,000 per year. Based on several comments made by bank representatives during the mortgage application process, Jun believes that she has been discriminated against because she is unmarried. Which of the following may provide a legal remedy for Jun if she can establish that she was in fact discriminated against because she is single? a. the fair debt collection practices act (1977) b. the fair credit billing act (1974) c. the equal credit opportunity act (1974) d. the consumer credit reporting act (1997)

the equal credit opportunity act (1974)

Tiana, a manufacturing employee for a company headquartered and doing business in the United States, believes that the company is denying her promotional opportunities due to her race. If Tiana decides to pursue a workplace discrimination claim, with which of the following federal administrative agencies should she file her claim? a. the occupational safety and health administration b. the federal trade commission c. the equal employment opportunity commission d. the united states department of commerce

the equal employment opportunity commission

Adebola is preparing a research paper for her Introduction to Business class regarding early government regulations that affected American business. Which of the following was the first federal act to regulate business practices? a. the sherman antitrust act b. the federal trade commission act c. the clayton antitrust act d. the interstate commerce act

the interstate commerce act

Which of the following laws established the Environmental Protection Agency (EPA) to enforce federal laws that involve the environment? a. the resource recovery act (1970) b. the resource conservation and recovery act (1984) c. the american recovery and reinvestment act (2009) d. the national environmental policy act (1970)

the national environmental policy act (1970)