Chapter 2 Business Quiz

Peter Drucker, a well known management scholar, has said that companies should be evaluated on two basic dimensions:

legality and responsibility

Another factor influencing business ethics is ____, or what is fair according to prevailing standards of society

justice

Laws have curtailed smoking, and as a result, the sale of cigarettes is down. Rather than fighting the law, the cigarette industry is looking for ways to take their business beyond cigarettes. Many experts believe that the cigarette producers have found a way around the law with the promotion and distribution of smokeless tobacco, which has shown consistent sales gains over the last decade. In terms of the social responsibility pyramid, at which level is the cigarette industry operating?

legal

Which of the following statements about ethics training is true?

Ethic training is formal training to develop awareness of inappropriate behavior and to practice appropriate responses

Many weight-loss programs advertise that they can help individuals lose a great deal of weight without any changes in the individual's lifestyle. Typically when the person who has lost the weight leaves the program, he or she regains all the lost weight. This yo-yoing is almost as bad for the body as the excess weight. These weight-loss programs are engaged in _____ behavior.

Legal but irresponsible

code of ethics

Social responsibility B. Business ethics C.Consumerism D.The marketing concept E.Business morality

Which of the following is an example of an ethical business activity

The employee reported to his supervisors that a coworker had misappreciated company funds

Which of the following is an example of an unethical business activity?

The employee told several jokes that demeaned Polish people. The employee uses the company computer to check his results in a network auction. The salesperson allowed the customer to believe that delivery would be within the next week when the salesperson knew that delivery was at least four weeks away. The employee did not report his supervisor for taking several illegal deductions on his income tax report.

Which of the following statements about social responsibility is true?

The obligation that a business has to act socially responsible extends beyond the investors in the company to include workers, suppliers, consumers, and communities.

Social responsibility should extend beyond the shareholders to include: consumers suppliers community employees

all of the above

The Chubb Group, an insurance company, regularly supplies funds for programming on the public television network. Its donations are an example of:

corporate philanthropy

The Healing Garden is the manufacturer and marketer of organic beauty aids. Its annual $40,000 donation to The Nature Conservancy in support of the nonprofit organization's pledge to preserve the environment is an example of:

corporate philanthropy

______ is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees

corporate philanthropy

A homeowner who disposes of asbestos shingles by burying them on his own property may please the homeowner because it is a less expensive means of disposal but will be punished by various legal agencies if any become aware of his crime. At which stage of the social responsibility pyramid is the builder most likely operating.

economic

It has been alleged that a coca-cola water bottling plant in india has caused illegal water shortages in fifty villages that surround the bottler. If this accusation is true, than coke was operating at which stage of the social responsibility pyramid?

economic

At the base of the corporate social responsibility pyramid is:

economic responsibilities

A company can only be concerned about its_______ responsibilities once it has meet its economic and legal responsibilities

ethical

Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself of turn it into the mall's lost and found department involves:

ethics

Utilitarianism

is difficult to implement because it is hard to tell how one decision will impact a large number of people

Which of the following statements about human rights is true? any human right is also a legal right distributive justice is a human right human rights are expressed in the US constitution There is no time when it is appropriate to deny an individual his or her legal rights.

none of the statements above about individual rights is true

A code of ethics

provides employees with the knowledge of what their firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers can offer a lengthy and detailed set of guidelines to employees is a summary statement of the firm's goals, policies, and priorities is considered by some to be public relations gimmicks

strategic giving

refers to the practice of tying philanthropy closely to the corporation's mission or goals.

____ is the practice of limiting investments to securities in companies that behave in accordance with the investors beliefs about ethical and social responsibility

social investing

US Steel has established an alcoholic rehabilitation program for the city of Pittsburgh. The company provides the facilities and the personnel to operate the program. US Steel is practicing

social responsibility

Walmart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the ;abel of the Marine Stewardship Council. Walmart's size gives a unique opportunity to improve the fishing industry. This concern for _______ is one of many initiatives Walmart is introducing to improve our environment.

social responsibility

The Home Depot supplies all the materials and the labor expertise for Habitat Homes in various regions of the country where the retail giant has a store. Its top management believes that this type of philanthropy better reflects the company's commitment to the community than simple donations to the American Cancer Society and similar national charities. The Home Depot is using the practice of:

strategic giving

Which of the following is an example of a trend in ethics and social responsibility?

strategic giving

______ is the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates

strategic giving

Seeds of Change manufactures and markets certified organic entrees. Its mission reads, "At Seeds of Change, we're committed to making delicious foods that are healthy for you as well as the planet." In support of this mission, the company donates money to support environmental protection activities. In other words, Seeds of Change engages in:

strategic giving.

Momma's Diner was a small restaurant that was a popular hangout for many Bedford College students, but because of the owner's inability to make the bathroom stalls handicapped accessible for the one wheel-chair student on campus, it was forced to close down. The belief that this it was morally wrong to deprive the majority of the people of this experience is an expression of the philosophy associated with:

utilitarianism