Business Management chp. 2 practice

Which of the following is an area of environmental concern in society today?

Animal rights, waste disposal, business practices that harm endangered wildlife, and land pollution

Which of the following is not one of the dimensions of social responsibility?

Citizenship

The warning on cigarette packages about the health implications of smoking is an example of which of the following ethical issues?

Communications

Which of the following have not been cited in your text as incidents of unethical business activity recently?

Corporate charitable giving

Being profitable relates to which social responsibility dimension?

Economic

Water and soil pollution from oil and gas drilling is primarily what type of concern?

Environmental Issues

T/F? All a business has to do to maintain ethical conduct is to follow the law.

False

T/F? Conflicts of interest are payments, gifts, or special favors intended to influence the outcome of a decision.

False

T/F? Corporate citizenship is the extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their owners.

False

T/F? It is almost always easy to recognize specific ethical issues.

False

T/F? Managers consider social responsibility on an annual basis.

False

T/F? Only corporations have to worry about ethics scandals and social responsibility issues.

False

Which of the following statements about business ethics is false?

It concerns the impact of a business's activities on society.

Laws regarding safety in the workplace are enforced by the _____?

Occupational Safety and Health Administration (OSHA)

Which is not a dimension of social responsibility?

Philosophic

The _______ Act criminalized securities fraud and toughened penalties for corporate fraud.

Sarbanes-Oxley

What is not an area of environmental concern in society today?

The hard-core unemployed

T/F? A major social responsibility for business is providing equal opportunities for all employees.

True

T/F? Codes of ethics are formalized rules and standards that describe what the company expects of its employees.

True

T/F? Ethical decisions in an organization are influenced by three key factors.

True

T/F? Ethics is related to the culture in which a business operates.

True

T/F? Increasingly, companies are introducing eco-friendly and socially responsible products to satisfy consumer demand and improve their images.

True

T/F? Nearly all business decisions may be judged as right or wrong, ethical or unethical.

True

T/F? Sustainability involves conducting activities so as to provide for the long-term well-being of the natural environment, including all biological entities.

True

T/F? The most basic ethical concerns have been formalized through laws and regulations that encourage conformity to society's values and norms.

True

T/F? Theft of time is the leading area of misconduct observed in the workplace.

True

T/F? Voluntary responsibilities are optional activities that promote human welfare or goodwill

True

T/F? Workplace bullying is an increasing problem

True

Which of the following should help reduce the incidence of unethical behavior in an organization?

Understanding that individual moral standards, the influence of managers and coworkers, and opportunity influence ethical behavior

Philanthropic contributions made by a business to a charitable organization represent which dimension of social responsibility?

Voluntary

________ is the act of an employee exposing an employer's wrongdoing to outsiders.

Whistleblowing

The right to ______ gives consumers the freedom to review complete information about the products they are buying.

be informed

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical, such as engaging in accounting fraud or stealing a competitor's secrets, there exists an ethical issue related to _______.

business relationships

Making claims about dietary supplements or the health benefits of certain unproven ingredients is an issue related to ________.

communications

The most common way that businesses exercise community responsibility is through ______.

contributions to charitable organizations

What is considered ethical may differ depending on the ______ in which a business operates.

culture

Unethical behavior in business can be reduced if management does all of the following except _______.

depends totally on employees' personal ethics.

If Sony was investigated for allegedly raising prices of its PlayStation excessively during the Christmas buying season and thereby manipulating the supply of games available at that time, this would be an ethical issue concerned primarily with _____.

fairness and honesty

That businesspeople are expected not to harm customers, clients, and competitors knowingly through deception, misrepresentation, coercion, or discrimination is part of ______.

fairness and honesty

A code of ethics represents ______ rules and standards of what a company expects of its employees.

formalized

One role of the FTC's Bureau of Consumer Protection is to protect consumers from _____.

fraud

The fact that environmental responsibility requires trade-offs means that _____.

it imposes costs on both business and the public

The following behavior is an example of ethical consideration within business relationships:

keeping company secrets

Codes of ethics foster ethical behavior by _______.

limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards

According to the text, ethical decisions in an organization are influenced by (1) individual moral standards, (2) the influence of managers and co-workers, and (3) ______.

opportunity to engage in misconduct.

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source, then the employee would be involved in ______.

plagiarism

Studies have found a direct link between social responsibility and _______ in business.

profitability

The Sarbanes-Oxley Act was passed to help ______.

restore confidence in Corporate America

Studying business ethics will not necessarily _______.

tell you what you ought to do

Which of the following statements about ethical issues is false?

they are are limited to for-profit organizations.

One of the most difficult things for a business to restore after an ethics scandal is _____.

trust