Business Ethics
The iron law of responsibility says that: In the short run, sacrifice social goals for economic goals. In the long run, economic responsibility leads to social responsibility. In the long run, those who do not use power responsibly will lose it. Law is most important, more than social or economic responsibility.
In the long run, those who do not use power responsibly will lose it.
A firm subscribing to the shareholder theory of the firm would mainly be concerned with providing value for its
Investors
A stakeholder analysis:
Involves understanding the nature of stakeholder interests.
When the market fails to adjust for the full costs of a firm's behavior, this is called: Negative externalities. Market failure. Re-regulation. Deregulation.
Market failure.
The interactions among members within groups revolve around a deeper dependence on one another and occur with a general purpose in mind. False True
False
An individual who is a supporter of globalization would argue that it helps the developing world by: Giving entrepreneurs access to foreign investment funds to support economic development. Allowing new ideas and technological innovations to spread quickly. Providing people in developing countries with more jobs. All of these answers are correct.
All of these answers are correct.
An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called: B Corporation. Balanced Corporation .B Lab. CSR Corporation.
B Corporation
Which of the following is FALSE about Fair Trade? The bottom feeders factories perform at a more sustainable level causing low pollution in the environment. The fair trade certification generates better payment and employee participation in the life of the community. A Fair Trade Certification is the assurance that some of the money spent on a bag of coffee or bar of chocolate goes directly to its producers and stays in their community. The community and employee's kids are the main non-market stakeholder in the social programs of Patagonia.
The bottom feeders factories perform at a more sustainable level causing low pollution in the environment.
Economic regulations are illustrated by which action? Ensuring safe working conditions. Preventing anticompetitive business practices. Allowing market forces to set prices. Providing protection of pension benefits.
Preventing anticompetitive business practices.
Which of the following is related to the traditional economic paradigm? Turnover, profit, market share, shareholder value are examples of societal concernsJack Well, a former CEO of General Electric, was admired and celebrate for his environmental successFriedman said that only economic and societal concerns matter The societal and environmental concerns must not distract private companies
The societal and environmental concerns must not distract private companies
Global market channels involve a firm producing goods in: A foreign country to sell abroad. Their home country to sell at home. A foreign country to sell at home. Their home country and exporting them to other countries.
Their home country and exporting them to other countries.
Under U.S. sentencing guidelines, how would firms facing environmental violations typically be treated if they had an active compliance program and fully cooperated with investigators? Less prison time but higher fines. Their sentence would likely be lighter. In almost all cases, the firm would receive only a warning.The same as any other violator.
Their sentence would likely be lighter.
Stakeholder groups can include: Shareholders. Business support groups. Environmental activists. All of these answers are correct.
All of these answers are correct.
An example of a regulatory agency charged with enforcing social regulation is: Federal Trade Commission. Federal Aviation Administration. Internal Revenue Service. Federal Communications Commission.
Federal Trade Commission.
Identify the team stage that matchs the follwing action: "Reinforce positive contributions and behaviors" Perform Form Norms Adjourn
Norms
The emergence of a public issue indicates that: A gap may be developing between what stakeholders expect and what an organization is actually doing. Technology is forcing ethics and business strategy closer together. Consumers are unaware of how an organization's actions affect them. All of these answers are correct.
A gap may be developing between what stakeholders expect and what an organization is actually doing.
Corporations contribute about what share of all giving in the United States? Multiple choice question Nearly 50 percent. About five percent. More than 75 percent. Less than one percent.
About five percent.
The reason(s) behind the uncertainty of an ethical or unethical decision is (are) that different people and groups: Multiple choice question May honestly and genuinely use different sources of information. May rank various rights in different ways. May not share the same meaning of justice. All of these answers are correct.
All of these answers are correct.
Employee theft is correctly described by which statement? Multiple choice question It is a significant economic, social, and ethical problem in the workplace. Almost half of all employees have stolen from an employer at least once in his or her career. In 2017, employee theft in the U.S. costs business almost $30 million. Almost half of all inventory losses are due to employee theft in the U.S.
It is a significant economic, social, and ethical problem in the workplace.
A good way for a business to express its commitment to corporate citizenship is: Multiple choice question By establishing community relations programs. By behaving responsibly toward all its stakeholders. By correcting problems associated with its operations. All of these answers are correct.
All of these answers are correct.
An example of an international financial and trade institution is: World Bank. International Monetary Fund. World Trade Organization. All of these answers are correct.
All of these answers are correct.
According to the new social contract: The employer is obligated to provide long-term job security. Job security is based on seniority, but salaries may be lowered for poor performance. The employer is without any responsibilities toward employees. Companies try to attract workers by giving them interesting and challenging work.
Companies try to attract workers by giving them interesting and challenging work.
A free enterprise system refers to: An index of economic freedom.Property ownership by a centralized government .Economic assets that are privately owned and exchanged in an open market. A mix of privately owned and government controlled economic assets.
Economic assets that are privately owned and exchanged in an open market.
You should use "I" and "you" statements when you are giving feedback. False True
False
What are the possible community desires being satisfied by Belden's program? Multiple choice questionSupport parks and recreations, and support the cultural activitiesSupport local health programs, and contribute to public safetyPay taxes, follow laws, and support schoolsProvides jobs and training, and participate in the economic development
Provides jobs and training, and participate in the economic development
Identify the team stage that matchs the follwing characteristics: "lack of equal contribution; independence or over-dependence on a single person or persons" Norm Storm Adjourn Perform
Storm
The critical component in installing an effective ethics program is: Multiple choice question To allow all employees the freedom to act as they wish. The integration of various ethics safeguards into a comprehensive program. Maintaining the position as the industry sales leader. In hiring an expensive ethics consultant.
The integration of various ethics safeguards into a comprehensive program.
A legal right of shareholders is: To vote on members for the board of directors. To publish annual financial reports. To vote on who will become chief executive officer (CEO). To receive interest, if declared.
To vote on members for the board of directors.
A critic of globalization might argue that companies decide to manufacture in China mainly because of China's: Weak health and safety regulations. Strict law enforcement. High environmental standards. Strong worker unions.
Weak health and safety regulations.
Employee Assistance Programs (EAPs) are correctly described by which of these statements? They offer counseling and follow-up to alcohol and drug abusers. Almost all employers with 1,000 or more workers offer EAPs. Nearly three-quarters of small companies with 50 to 99 employees offer EAPs. All of these answers are correct.
All of these answers are correct.
How can a lead firm improve a supplier's performance when the cost to replace the supplier is high? Fire the supplier. Engage the supplier in capability-building. Build the supplier's products internally. Report the supplier to the Better Business Bureau.
Engage the supplier in capability-building.
Public policy tools involve a combination of: Incentives and penalties. Incentives and political favors. Political favors and prison terms. Penalties and prison terms.
Incentives and penalties.
Government regulations help balance negative externalities such as: Drug testing at private businesses. Age restrictions for Social Security recipients. No smoking rules enforced to mitigate the effects of second-hand smoke. Gender controls over alcohol purchases and consumption.
No smoking rules enforced to mitigate the effects of second-hand smoke.
One particularly negative aspect of behavioral advertising is: Sellers collect so much data about purchasers they can't use most of it. Online users may be vulnerable to the spread of misinformation tailored to their beliefs. Shoppers cannot keep up with all the new online sales. Consumers receive too many coupons for products they purchase regularly.
Online users may be vulnerable to the spread of misinformation tailored to their beliefs.
A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is: Multiple choice question Operating under the integrity-based approach. Operating under the instrumental policy approach. Operating under the compliance-based approach. Practicing "tone at the top."
Operating under the compliance-based approach.
One of the main reasons that American executives are paid so much is: Qualified individuals are scarce, because most current CEOs were born during the "baby bust" years of the Great Depression. Pay is set by the compensation committees of the board, largely comprised of other CEOs who have an interest in pushing compensation up. Most executives are paid based on their performance, and rising compensation reflects the excellent performance of their firms. High executive compensation in other nations puts upward pressure on the salaries of U.S. executives.
Pay is set by the compensation committees of the board, largely comprised of other CEOs who have an interest in pushing compensation up.
A visual representation of the many links between a lead firm and its suppliers, superimposed on a geographical map is called a: Supply web. Network map. Supply chain map. Linked list.
Supply chain map.
The term civic engagement describes: Multiple choice question A close and collaborative business-government relationship. Strong governmental regulation to control businesses at the municipal level. A competitive, free market environment. The active involvement of businesses and individuals in improving communities.
The active involvement of businesses and individuals in improving communities.
What is one reason that firms partner with communities to increase economic development? Multiple choice questionTo avoid paying higher taxes.To control the rate of entrepreneurship.To expand environmental sustainability.To develop workplace skills.
To develop workplace skills.
The team stages represent the linear development of team as it happens in real life. True False
False
The Toxic Substances Control Act is accurately described by which of the following? Multiple choice question It authorized funds for treatment plans and toxic waste cleanup. It established a national policy to regulate, restrict, and, if necessary, ban toxic chemicals. It promoted nontoxic chemicals and fuels for business use. It required reductions in urban smog, acid rain, and greenhouse gas emissions.
It established a national policy to regulate, restrict, and, if necessary, ban toxic chemicals.
The "agency problem" arises when: Owners manage the company on their own behalf. There is no separation of ownership and control in a company. Shareholders act in their own interest, rather than in the interest of the board. Managers act in their own interest, rather than in the interest of shareholders.
Managers act in their own interest, rather than in the interest of shareholders.
Romantic relationships in the workplace are described by which statement? Almost all businesses ban romantic relationships between employees in the different departments. Many companies allow managers to become romantically involved with subordinates, so long as they do not supervise them directly. OSHA requires businesses to forbid workplace romantic relationships. Most businesses have strict policies forbidding all romantic relationships in the workplace.
Many companies allow managers to become romantically involved with subordinates, so long as they do not supervise them directly.
Which of the following are related to comprenhensive interdependence in a team? The majority of the members interact with each other Members have a shared vision of the team's goal and align their individual goals to it Goal interdependence consists of a conflict of interest between team and individual goals There are several outcomes in the team and members contribute separately to each one
Members have a shared vision of the team's goal and align their individual goals to it
A firm in the pollution prevention stage of the corporate environmental responsibility model is best described by which statement? Incurring losses due to environmental costs. Using innovation to create new sustainable technology. Minimizing or eliminating waste before it is created. Focusing on all environmental impacts of the product life cycle.
Minimizing or eliminating waste before it is created.
How do companies encourage their employees to volunteer their time? Multiple choice questionBy sponsoring specific projects.By offering recognition for service.By publicizing opportunities to serve.All of these answers are correct.
All of these answers are correct.
In some cases, businesses have banded together to agree on how they will treat their customers. This is called: Voluntary industry codes of conduct. Industry action standards. Code of regulation. Consumer affairs doctrine.
Voluntary industry codes of conduct.
A prime social responsibility of business is to safeguard consumers: By providing new technology. While continuing to supply them with goods and services they want. While maintaining high profit margins. By supplying consumers with products at the lowest possible cost.
While continuing to supply them with goods and services they want.
Random drug testing of employees is accurately described by which statement? It regularly tests employees from randomly selected job categories or job levels. It screens randomly selected employees at various times through the year. It randomly tests selected applicants before hiring, as a part of a physical examination. It tests an employee believed to be impaired by drugs and unfit for work.
It screens randomly selected employees at various times through the year.
A firm that has global operations has: Manufacturing but not service operations abroad. All of their manufacturing and service operations abroad. Service but not manufacturing operations abroad. Some or all of their manufacturing or service operations abroad.
Some or all of their manufacturing or service operations abroad.
Government's role is to create and enforce laws that: Protect society from business. Protect businesses' interest in society. Control businesses' actions in society. Balance the relationship between business and society.
Balance the relationship between business and society.
Policies that affect the supply, demand, and value of a nation's currency are: Fiscal policies. Social assistance policies. Monetary policies. International standards policies.
Monetary policies.
What kind of power(s) do consumers have to discourage sweatshops among big corporations?
Political power because they can urge the government to use its power by passing new laws or enacting regulations Economic power because their purchasing decisions can affect the lives of workers around the world
The relevance and importance of stakeholders and their issues is known as: Competitive intelligence. Organizational capacity. Stakeholder materiality. Stakeholder salience.
Stakeholder materiality.
Social impacts of global supply chains include: Wages. Working conditions. Employee health. All of these answers are correct.
All of these answers are correct.
When lead firms work with suppliers they can create shared value such as: Higher income for the supplier. Higher quality products for customers. A more stable supply of products. All of these answers are correct.
All of these answers are correct.
The government's role is to create and enforce laws that: Protect society from business. Protect businesses' interest in society. Balance the relationship between business and society. Control businesses' actions in society.
Balance the relationship between business and society.
As a stakeholder, suppliers' interests include: Earning income.Utilizing productive capacity efficiently .Building short-term, but profitable, business relationships. Both earning income and utilizing productive capacity efficiently.
Both earning income and utilizing productive capacity efficiently.
Those in support of corporate social responsibility believe the practice: Discourages government regulation. Lowers economic efficiency and profit. Places responsibility on business rather than individuals. Imposes unequal costs among competitors.
Discourages government regulation.
Which of the following statements is true about corporate social responsibility? Businesses should monitor and prevent social problems in advance of their becoming major issues. A company should seek maximum profits from its operations in order to provide the best for society. Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment. Corporations should be accountable for any actions that affect people, their communities, and the environment.
Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment.
Which of the following represents a structural remedy for an antitrust violation? Agreeing to change a firm's conduct. Paying a large fine. Disclosure of company information to rivals. Breaking up a monopoly.
Breaking up a monopoly.
Past decisions of the courts, the original basis for the U.S. legal system, are called: Common laws. Amendments. Legitimate actions. Torts.
Common laws.
Companies that reduce pollution and hazardous waste, reuse or recycle materials, and operate with greater energy efficiency achieve a competitive advantage due to: Multiple choice questionTechnological innovation.Green marketing.Product differentiation.Cost savings.
Cost savings.
Being able to continue their activities indefinitely, without altering the carrying capacity of the Earth's ecosystem, is a characteristic of: Multiple choice question Environmental regulations. Ecologically sustainable organizations. Concerned citizens. Codes of environmental conduct.
Ecologically sustainable organizations.
What is the ethical criteria of the Boeing company when did not train the pilots in the 737 MAX technological advances? Multiple choice question Principle Team interest Egoism Benevolence
Egoism
A reason for institutions becoming more assertive in promoting the interests of their member investors is: Expressing dissatisfaction with management performance by selling a large block of stock would reduce the value of the institution's holdings. Institutions have nominated members on the finance committee of the board of directors. Institutional investors are rarely able to influence management policy. Institutions have greater flexibility in selling stocks than do individual investors.
Expressing dissatisfaction with management performance by selling a large block of stock would reduce the value of the institution's holdings.
The right to a safe and healthy workplace is accurately described by which statement? Multiple choice question A very limited number of jobs are potentially hazardous to workers' safety and health. Regulations and enforcement have failed to curb worker accidents. Over recent years no new categories of accidents or illnesses have emerged. Extensive training and careful precautions are necessary to avoid accidents, injuries, and illness.
Extensive training and careful precautions are necessary to avoid accidents, injuries, and illness.
Which of the following is a key feature of effective boards of directors? Ensure that no outside members are included on the board. Fill all important positions on the board with managers with insider knowledge of the firm. Combine the duties of the board chairman and the chief executive. Hold regular meetings without the CEO present.
Hold regular meetings without the CEO present.
Which of the following are the reasons for the Sarbanes-Oxley Act bill? (all that apply) Multiple correct question Increase in the reliability of financial statements of any company Decrease the power of the security exchange commission (SEC) Impose stricter standards on financial reporting Create a law that restore the faith of investor back into corporate American
Increase in the reliability of financial statements of any company Impose stricter standards on financial reporting Create a law that restore the faith of investor back into corporate American
When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transactions, this is an example of: Consumer self-help. Business privacy regulation. Privacy legislation. Industry self-regulation.
Industry self-regulation.
Corporations that run their operations according to the stakeholder theory of the firm create value by
Innovating new products. Increasing their stock price. Developing their employees' professional skills. All of these answers are correct. All of these answers are correct.
The term "race to the bottom" refers to: An old concept of globalization that is no longer relevant. Moving production jobs to the country with the lowest labor cost. Seeking to mine valuable minerals from the bottom of the ocean. Efforts to deconstruct the assembly process in manufacturing industries.
Moving production jobs to the country with the lowest labor cost.
Economic regulations are illustrated by which action? Ensuring safe working conditions. Providing protection of pension benefits. Allowing market forces to set prices. Preventing anticompetitive business practices.
Preventing anticompetitive business practices.
The mission of the Securities and Exchange Commission (SEC) is to: Protect companies from hostile takeovers. Protect shareholders' rights by making sure that stock markets are run fairly. Ensure that the federal treasury receives its share of the revenues from stock trading. Ensure that institutional investors do not take control of company management.
Protect shareholders' rights by making sure that stock markets are run fairly.
The "right to be heard" promises that consumers' interests will: Be given all the facts to make an informed choice. Be protected against fraudulent or misleading information. Be assured satisfactory quality and service at a fair price. Receive full and sympathetic consideration
Receive full and sympathetic consideration
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence: Multiple choice question Unaffected. Reduced. Increased. Decided by the company.
Reduced.
The primary way of accomplishing public policy is through: Writing your politician. Regulation. Lobbying Congress. Waiting for businesses to act.
Regulation.
The deep anti-Americanism that exists in some parts of the world is thought to be caused by: An upswing in the number of Communist countries in the world. Increased local culture and religious diversity. Resentment of cultural penetration from U.S.-based multinational enterprises. Expanded regional health and environmental standards.
Resentment of cultural penetration from U.S.-based multinational enterprises.
The five types of stakeholders' power recognized by most experts are:
Social, regulatory, voting, governance, and information power. Voting, economic, political, legal, and informational power. Social, legal, environmental, economic, and political power. Economic, informational, legal, shareholder, and political power. Voting, economic, political, legal, and informational power.
The Occupational Safety and Health Act gives workers the right to a job: That does not require them to lift, bend, or move items at any time on the job. That is free from recognized hazards that are likely to cause death or serious injury. With wages that enable an employee to enjoy a decent standard of living. With equal wages for similar kinds of work.
That is free from recognized hazards that are likely to cause death or serious injury.
Consumers have become more dependent on businesses for product quality because: The complexity of products makes choices complicated for consumers. heir technical competence allows them to inspect the products thoroughly. Instructions for use or care of product are provided in clear and simple language. Competition has forced manufacturers to market lower-quality goods.
The complexity of products makes choices complicated for consumers.
Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because (Select al that apply) The private sector is not mandated to solve these issues. Business people do not have the skill set to solve societal problems. Places responsibility on individuals rather than business .Imposes equal costs among competitors.
The private sector is not mandated to solve these issues. Business people do not have the skill set to solve societal problems.
Stakeholder engagement is: Any issue that is of mutual concern to an organization and one or more of its stakeholders. Competitive intelligence being collected ethically and systematically. The acquisition of information gained from analyzing the multiple environments. The process of ongoing relationship building between a business and its stakeholders.
The process of ongoing relationship building between a business and its stakeholders.
What criteria must be met before a whistle-blower goes public? The unreported act would do some harm to others. There is enough potential harm to justify the possible costs of disclosure to the whistle-blower. The employee has not yet tried to resolve the issue internally. Reporting the problem publicly may or may not resolve the issue.
There is enough potential harm to justify the possible costs of disclosure to the whistle-blower.
Cooperation between business and government often occurs when: They encounter a common problem or enemy. Business can afford it. Business operates at arm's length from the government. Government has the support of the people.
They encounter a common problem or enemy.
Which of the following statements is not true about shareholders? Managers pay close attention to their needs and interests. They own equal shares of company assets. They are investors in the company. They are the legal owners of business corporations.
They own equal shares of company assets.
What is the primary goal of a community relations department? Multiple choice questionTo improve the financial bottom line.To build relationships with important community groups.To collaborate with other company teams to create policy.Both of these answers are correct: To build relationships with important community groups; and to collaborate with other company teams to create policy.
To build relationships with important community groups.
According to a 2016 survey of senior supply chain managers, what is the leading reason to invest in supplier social responsibility? To avoid disruptions of product supply. To satisfy government regulations. To create a positive image and enhance brand equity. To reduce costs.
To create a positive image and enhance brand equity.
Your feedback should include the following: (Select all that apply - there is more than one right answer here) A balance between positive and constructive feedback positive language how the author can improve statements rather than suggestions Your opinions on the subject
A balance between positive and constructive feedback positive language how the author can improve
Integrity-based ethics programs: Multiple choice question Audit the company's financial records. Act as a liaison between the company and their temporary employees. Reduce the risks to the company of employee misconduct. Arrange customer training courses at a nearby university.
Act as a liaison between the company and their temporary employees.
In the United States, the federal government regulates which of the following major areas of environmental protection? Multiple choice question Solid and hazardous waste. Water pollution. Air pollution. All of these answers are correct
All of these answers are correct
How do companies encourage their employees to volunteer their time? Multiple choice question By sponsoring specific projects. By offering recognition for service. By publicizing opportunities to serve. All of these answers are correct.
All of these answers are correct.
Social investors seek to eliminate from their investment portfolios companies that Pollute the environment. Pollute the environment. Make dangerous products like tobacco or weapons. All of these answers are correct.
All of these answers are correct.
The most effective ethics programs utilize which of the following? Multiple choice question Written policy. Posters. Quick reference guides. All of these answers are correct.
All of these answers are correct.
Antitrust laws protect consumers from: Conspiring with business partners to increase competition. Firms using market dominance to expand commerce. Selling products above cost to drive away rivals. Anticompetitive practices by business.
Anticompetitive practices by business.
A strong employer-employee relationship is central to: Achieving a corporation's economic goals. Satisfying the wishes of those who contribute their skills and talents to the company. Increasing the gross domestic product of a nation. Both of these answers are correct: Achieving a corporation's economic goals; and satisfying the wishes of those who contribute their skills and talents to the company.
Both of these answers are correct: Achieving a corporation's economic goals; and satisfying the wishes of those who contribute their skills and talents to the company.
Mature adults typically base their ethical reasoning on broad principles and relationships such as: Multiple choice question Human rights and constitutional guarantees of human dignity. Universal principles of justice. Customs and traditions show by their peers. Both of these answers are correct: Human rights and constitutional guarantees of human dignity; and universal principles of justice.
Both of these answers are correct: Human rights and constitutional guarantees of human dignity; and universal principles of justice.
A stakeholder map is a useful tool because It enables managers to quickly see how stakeholders feel about an issue. It allows managers to evaluate what outcomes are likely regarding an issue. It helps managers discourage or dissolve stakeholder coalitions. Both of these answers are correct: It enables managers to quickly see how stakeholders feel about an issue, and it allows managers to evaluate what outcomes are likely regarding an issue.
Both of these answers are correct: It enables managers to quickly see how stakeholders feel about an issue, and it allows managers to evaluate what outcomes are likely regarding an issue.
Which of the following describes why the consumer movement exists? Services have become less specialized. Some product advertising claims have been inflated. Some businesses have violated the public's privacy. Both of these answers are correct: Some product advertising claims have been inflated; and some businesses have violated the public's privacy.
Both of these answers are correct: Some product advertising claims have been inflated; and some businesses have violated the public's privacy.
What does the Sarbanes-Oxley Act include? (all that apply) Companies must present descriptions of their internal controls Decrease fine and or prison sentence for individual who try to defraud investors Officer of the company have to sign the financial statements, which make them personally accountable Companies must report the main balance sheet transactions on their reports
Companies must present descriptions of their internal controls Officer of the company have to sign the financial statements, which make them personally accountable
How can a lead firm improve a supplier's performance when the cost to replace the supplier is high? Report the supplier to the Better Business Bureau. Engage the supplier in capability-building. Fire the supplier. Build the supplier's products internally.
Engage the supplier in capability-building.
Corporate governance involves the exercise of control over a company's: Marketing and human resources departments. Entire corporate direction. Finance and accounting departments. Manufacturing facilities.
Entire corporate direction.
The most significant motivator of corporate social reporting is: Government reporting requirements. Ethical Concerns Financial concerns. Employee demand.
Ethical Concerns
This U.S. agency enforces the laws prohibiting deceptive advertising: Congress. Federal Trade Commission. Consumer Product Safety Commission. Department of Justice.
Federal Trade Commission.
Patterns of government taxing and spending that are intended to stimulate or support the economy are: International standards policies. Monetary policies. Fiscal policies. Social assistance policies.
Fiscal policies.
Public policy tools involve a combination of: Political favors and prison terms. Incentives and political favors. Penalties and prison terms. Incentives and penalties.
Incentives and penalties.
The annual EPA report Toxics Release Inventory (TRI) is an example of which environmental policy type? Multiple choice question Criminal enforcement. Cap-and-trade system. Information disclosure. Government incentives.
Information disclosure.
A supplier that controls critical worker skills and technical know-how holds which type of power over its lead firm? Economic. Voting. Informational. Legal.
Informational.
The relationship between business and the community is accurately described by: It is one of mutual interdependence. Business has more responsibility toward community than the community does toward business. Communities possess more social power than businesses do. All of these answers are correct.
It is one of mutual interdependence.
Which of the following statements is not true about the organization Consumer Reports? It publishes the results of tests online, with ratings on a brand-name basis. It conducts extensive tests on selected consumer products and services. It is supported by the federal government. It is involved in activities promoting the interests of consumers.
It is supported by the federal government.
The process of firms buying and selling the right to pollute is an example of which type of environmental regulation? Control Market-based Command Emissions charges
Market-based
The term "race to the bottom" refers to: Seeking to mine valuable minerals from the bottom of the ocean. Efforts to deconstruct the assembly process in manufacturing industries. Moving production jobs to the country with the lowest labor cost. An old concept of globalization that is no longer relevant.
Moving production jobs to the country with the lowest labor cost.
The primary way of accomplishing public policy is through: Waiting for businesses to act. Writing your politician. Regulation. Lobbying Congress.
Regulation.
Total social regulation costs are expected to be: Slightly less than total economic regulation costs. Slightly higher than total economic regulation costs. Significantly higher than total economic regulation costs. Equal to total economic regulation costs.
Significantly higher than total economic regulation costs.
The issue management process is a: Systematic process companies use when responding to public issues that are of greatest importance to the business. Beneficial tool used only to minimize the negative effects of a public issue for the organization's advantage. Confusing process that is rarely used to help top management within an organization. Beneficial tool used only to maximize the positive effects of a public issue for the organization's advantage.
Systematic process companies use when responding to public issues that are of greatest importance to the business.
One factor in determining the moral intensity of an ethical issue is how quickly the consequences take effect, a factor that is known as: Multiple choice question Social consensus. Probability. Proximity. Temporal immediacy.
Temporal immediacy.
Which of the following is (are) core rights of consumers? The right to be represented. The right to purchase. The right to safety. All of these answers are correct.
The right to safety.
When the benefits of an action outweigh its costs, the action is considered ethically preferred according to: Multiple choice question Utilitarian reasoning. Theological reasoning. Plato and Aristotle. Virtue ethics.
Utilitarian reasoning.
A just or fair ethical decision occurs when: Multiple choice question Benefits and burdens are distributed in fair proportions. The greatest good for those with power is achieved. Benefits exceed costs. The rights of all affected are considered.
Benefits and burdens are distributed in fair proportions.
A just or fair ethical decision occurs when: Multiple choice question Benefits exceed costs. The rights of all affected are considered. The greatest good for those with power is achieved. Benefits and burdens are distributed in fair proportions.
Benefits and burdens are distributed in fair proportions.
