Business Management: Chpt. 7

True

A business advances its own interests when it becomes involved socially.

False

A business changing from coal to natural gas violates environmental goals but meets conservation goals.

True

A business that trains gang members in job-related skills is being socially responsible.

False

A flexible schedule permits employees to start and leave work early but does not allow employees to start and leave work late.

Code of ethics

A formal, published collection of values and rules that reflect the firm's philosophy and goals.

False

A physically unfit employee is absent more than a fit employee but tends to be more productive.

True

A recent study of top managers found that finding and retaining qualified workers was more important than finance, technology, product innovation, or international business.

C

All of the following are factors in determining comparable worth except a. requiring special skills b. requiring certain physical ability c. specifying a male or female for the position d. specifying a particular educational background

True

American consumers spend more money on restaurant meals than on groceries.

Glass ceiling

An invisible barrier to job advancement.

B

An on-site day-care facility is an example of a a. commitment to health and safety b. family-friendly benefits c. flexible scheduling d. telecommuting

False

An unemployed 16-year-old student is considered part of the labor force.

A

As the standard of living increases, the birth rate usually a. drops b. grows c. levels off d. soars

False

Because values are similar among nations, ethical problems are not likely to arise for firms involved in international business.

B

Benefits derived from job rotation include a. higher pay and better working conditions b. increased worker interest and coverage for absent workers c. less absenteeism and shorter workweeks d. reductions in training budgets and higher bonuses

False

Chemical products used to destroy insects and plant life have especially safeguarded waterways and land areas.

D

Comparable worth means paying workers equally for a. all jobs in a career cluster b. all jobs in similar industries c. jobs that require the same level of education d. jobs with similar but not identical job requirements

True

Ethical conduct requires doing more than the law requires.

C

If there are 140 million people in the labor force and 100 million are working and 10 million unemployed, what is the labor participation rate? a. less than 70 percent b. between 70 and 75 percent c. between 75 and 80 percent d. between 90 and 95 percent

True

In measuring comparable worth, the same pay scale should be used when comparing distinctly different jobs that require similar levels of training.

D

In the United States, the gap between rich and poor a. is closing b. fluctuates c. remains constant d. is widening

A

In the last half of the twentieth century, the labor-participation rate for women has a. increased b. decreased a little c. decreased a lot d. stayed about the same

False

It is unlawful for employers to provide unpaid leave to employees to take care of sick parents.

D

Members of the Baby Boom generation were born a. between the Korean Conflicts and the Vietnam War b. between WWI and WWII c. during the twenty years after the Vietnam War d. during the twenty years after WWII

Labor force

Most people aged 16 or over who are available for work, whether employed or unemployed.

Comparable worth

Paying workers equally for jobs with similar but not identical job requirements.

A

Providing healthy choice in the company cafeteria is an example of an employer a. improving health and safety b. redesigning the workplace c. implementing family-friendly practices d. controlling the environment

True

Social responsibility refers to the duty of a business to contribute to the well-being of society.

False

The 1945-1965 high-birth-rate period is referred to as the baby bust period.

True

The EPA was created to help control and reduce noise pollution, among other things.

True

The GDP of a country must grow faster than its population in order for living standards to improve.

D

The U.S. population is growing largely because of a. a generally high birthrate b. a trend toward healthy eating and physical fitness c. immigration d. immigration and increased life expectancy

Frost belt

The colder states in the north and northeast of the United States.

Social responsibility

The duty of a business to contribute to the well-being of society.

Sticky floor syndrome

The inability of workers to move up from low-paying jobs that require little skill and education.

False

The invisible barrier to job advancement is known as the sticky floor.

Rust belt

The north central and northeastern states where major manufacturing centers were once dominant.

Stakeholders

The owners, customers, suppliers, employees, creditors, government, general public, and other groups who are affected by a firm's action.

Labor participation rate

The percentage of the adult population that is in the labor force.

D

What percent of the U.S. population lives in poverty? a. 2 to 5% b. 5 to 7% c. 7 to 13% d. 13 to 15%

False

When employees learn a variety of jobs and regularly switch hobs with others, productivity drops.

D

Which of the following individuals and groups affected by a firm's actions are considered stakeholders? a. creditors b. retirees c. stockholders d. all of the above

C

Which of the following is a renewable resource? a. coal b. natural gas c. sunshine d. iron ore

B

Which of the following statements is incorrect in relation to managing the environment? a. Society is focusing on preserving natural resources. b. Society is focusing on conserving renewable resources c. Society is focusing on recycling discarded materials into new products d. Society is focusing on reducing the growth of waste

C

Which of the following statements is usually true about work teams? a. as quality of work increases, morale decreases b. as quality of work decreases, morale increases c. as quality of work increases, morale also increases d. as quality of work decreases, morale also decreases

B

Which of the following states is not considered part of the Sun Belt state? a. Alabama b. California c. Florida D. North Carolina

D

Which of the moves described below is not part of a trend? a. from the Frost Belt to Sun Belt b. from the Rust Belt to Sun Belt c. from an urban area to suburbs d. from the suburbs to a city

B

Which statement is incorrect about flexible scheduling? a. allows employees to start work earlier than other employees b. discourages employees from adjusting schedules to meet family needs c. allows employees to start work later than other employees d. helps employees avoid rush-hour traffic

B

Which statement is true about pollution? a. smog is not a form of pollution b. pollution creates breathing problems c. pollutants do not kill fish or other marine life d. pollution dangers have become less and less apparent throughout the decade.

False

With regard to ethical behavior, notions of what is right or wrong remain constant over time.