Chapter 2

The global business ethics survey found that nearly ___of employees surveyed observed examples of ethical misconduct

50%

The legal ability to enter into a contract is called contractual _____ and may be restricted by age or mental capacity

Capacity

COPPA was enacted in 2000 to protect which aspect of internet activity

Children's online activity

Prohibits members of one company's board of directors from holding seats on the boards of competing corporations

Clayton

False and misleading advertising is an example of how ___ is an Area in which ethical concerns may arise in business

Communication

Starbucks specifies and it's code of conduct a payment made to foreign government officials must be waffle according to the laws of the United States and the foreign country

Compliance with legal and regulatory requirements

Last year a toy was banned from sale because it was found to contain a choking hazard. Which government agency would be responsible for implementing this ban?

Consumer Product Safety Commission

The activities that independent individuals, groups and organizations undertake to protect their Right as consumers is called

Consumerism

The extent to which businesses me the legal, ethical, economical, and voluntary responsibilities placed on them by their stakeholders is referred to as

Corporate citizenship

The extent to which businesses meet the four dimensions of social responsibility placed on them by stakeholders is referred to as

Corporate citizenship

Laws are classified as either criminal or civil. ____ Lana only for Hibbett specific kind of action, such as unfair competition or mail fraud, but also imposes a phone or in person for violating the law. _____ law Specifies the rights and duties of individuals and organizations and violations may result in fines but not imprisonment

Criminal, civil

Jake does not offer any direction to his employees regarding ethical behavior. Because of this, Jake is putting his company at risk for which three situations

Dishonesty, conflict of interest, manipulation

Which act was passed to reform the financial industry and offer consumers protection against complex and or deceptive financial products

Dodd Frank

Which piece of congressional legislation includes a whistle blower bounty program

Dodd franks act

Which act created a consumer financial protection bureau to protect consumers from complex or deceptive financial products?

Dodd-Frank Act

Because of the ___ passed in 2010, consumers are protected from complex or deceptive financial products.

Dodd-Frank act

To build trust among individuals, organization should adhere to the conduct that is ______ in order to validate and promote confidence in business relationships

Ethical

Four categories of social responsibility

Ethics, legal, philanthropy, economic

Starbucks offers healthcare benefits to part time employees and support coffee goes by offering them fair prices

Ethics, principles, and values

Which organization allocates a large portion of its resources to curbing false advertising, misleading pricing, deceptive packaging and labeling

Federal Trade Commission

Influences business activities related to questionable practices that create disputes between businesses and their customers

Federal trade commission

Starbucks offers investors a healthy return on investment, including paying dividends

Financial and economic viability

Which statement accurately characterizes the use of alternative energy by nation

Government subsidies Will most likely be needed in order to make significant process in the use of alternative energy

The manufacture made the decision to buy less expensive component parts from a supplier which resulted in the reduced quality of its products. As a result, company sales dropped in many realtors refused to carry their product line. This is an example of

How negative judgments can affect and organizations ability to achieve its goals

Property such as artwork, books, and computer software and types of

Intellectual property

How does ethical conduct validate and promote confidence in business relationships

It creates a sense of trust between partners.

What are two concerns businesses associated with the Sarbanes-Oxley Act?

It is expensive, it is burdensome

In business law, the state or condition of being lawful us referred to as...

Legality

The current trend is to move from____ -based ethical initiatives in organizations to ___-based initiatives that make ethics a part of core organizational values

Legally, cultural

Identify the accurate statement About legal issues in business

Many problems in business could be avoided if managers and employees knew more about the business law and the legal system

A business his primary obligation to its owners and investors is to

Maximize the owners investments in the firm

Which craft brewer is the first all-wind-powered brewery in the United States?

New Belgium Brewing Company

Laws regulating safety in the workplace or enforced by

OSHA

Regarding the misconduct of business firms which statement is accurate

Often, misconduct evolves from ethical conflicts into legal disputes

An individual values, principles, and standards of conduct are referred to as

Personal Ethics

What is the focus for future legislative search regarding business conduct on the Internet

Personal privacy protection

Starbucks created the Starbucks in addition to the word grandson else will nonprofits to give back to his communities

Philanthropic activities

Two parts are involved in an agency relationship: The ____ is the one who wishes to have a specific task accomplished; the ___ is the one who acts on behalf of the person to accomplish the task.

Principal; agent

A business is legal responsibility for negligence in the design design, production, sale, and Commission of products is referred to as

Product liability

____ Laws have evolved from both common in statutory law and involves a businesses legal responsibility for negligence in the design production sale and consumption of products

Product liability

A number of studies have found a drive into relationship between social responsibility and ____ As well as a link that exist between employee commitment and customer loyalty

Profability

Which type of property consist of real estate in anything permanently attached to it

Real property

A firm that is viewed negatively May have a hard time

Retaining employees, attracting investors, building customer relationships

Which act, passed almost unanimously by Congress in the early 2000's, criminalized securities fraud and strengthened penalties for corporate fraud?

Sarbanes Oxley act

Which aren't criminalized securities fraud, strength and penalties for corporate fraud, and created an accounting oversight board

Sarbanes-Oxley act

Which Act was passed to prevent businesses from restraining trade and monopolizing markets, and condemns "every contract, combination, or conspiracy in restraint of trade"?

Sherman Antitrust Act

What do studies show about the relationship between social responsibility and probability

Social responsibilities associated with improve business performance

A company giving a percentage of the profits each year to support local charities and causes is an example of

Social responsibility

Regardless of what an individual believes about a particular action, if ____ judges it to be unethical or wrong whether correctly or not, the judgment directly affects the organizations ability to achieve its business goals

Society

Personal property that has some type of physical existence is called

Tangible property

Unemployment is seen as an economical issue it carries ethical implications when

The Unemployment guy between rich and poor as large

According to your text, as for decisions and organizations are influenced by what three key factors

The influence of managers and coworkers, individual moral standards and values, the opportunity to engage in misconduct

The CAN-SPAM act was enacted to protect advertising that is featured on

The internet

According to John F Kennedy what are the four basic rights to consumerism

The right to safety, the right to choose, the right to be informed, the right to be heard

Which of the following examples best represents a company with strong ethical culture

The top management at tongues company clearly communicate to all employees the ethical behavior that is expected of them

Three reasons why record of ethics is important for a business to have in place

To provide the foundation for evaluating ethical decision making, to establish uniform ethical conduct, to alert employees about issues and risk

What is considered the greatest benefit of Sarbanes-Oxley Act?

Top managers are better informed

If the driver of quick eats, a grocery delivery service, loses control of the car and damages property or injures of person when making a delivery, A result in loss it would be an example of

Tort

What is a set of statutory laws and acted in every state except Louisiana intended to simplify commerce

Uniform commercial code

What's your criticisms have been levied against businesss regarding unemployment

Unwillingness to train employees, unfair hiring standards

Social responsibility is defined as

a business's obligation to maximize its positive impact and minimize its negative impact on society

An identifiable problem, situation, or opportunity that requires a person to choose between actions that may be evaluated as ethical or unethical is referred to as

an ethical issue

Bankruptcy is sometimes called ______ insolvency.

legal

What is the most common way businesses exercise their community responsibility

through donations to charitable organizations

For sources that criminal and civil laws are derived from

Advertisement law, common law, statutory law, constitutional law

Which aspect of the Internet is affected bu regulations under the CAN-SPAM act?

Advertising

Which type of court does not retry the case but rather reevaluate a case based on the written transcript of the original trial

Appellate

Why is as good decision making difficult

Because they're always gray areas that create dilemmas

What are two typical forms of consumerism

Boycott and write letters to the companies

Just like insider trading ____ is also an example of conflict of interest

Bribery

The principles and standards that are determined acceptable conduct in business

Business ethics