BUS 300 Ch 2 quiz

_____ is the concern of businesses for the welfare of society as a whole.

Social responsibility

In the 21st century, we define justice as:

A an equitable distribution of the burdens and rewards that society has to offer

Which of the following statements about ethics training is true?

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

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

At the base of the corporate social responsibility pyramid is:

economic responsibilities

A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.

ethical

Social investing:

is the practice of limiting investments to companies that have ethical policies that match those of the investor

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

For Lladro Comercial, S.A., the manufacturer of handcrafted porcelains, its employees, suppliers of the paints used to decorate its porcelains, retailers of its products, and people who benefit from its philanthropy are all:

stakeholders

Which of the following statements about utilitarianism is true?

Utilitarianism is designed to create both winners and losers.