Business Management Chapter 7

Code of ethics

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

Which of the following statements is usually true about work teams?

As quality of work increases, morale also increases

List the reasons that business needs to be concerned about social responsibility issues.

Businesses rely on society for resources, opportunities, and rights to take action.

Which of the following statements about the treatment of employees is not true?

Employees want less on-the-job responsibility.

What are some sustainability issues businesses face and how are they responding?

Environmental pollution, energy use, hazardous waste Recycling, material efficiency, people and their community.

Describe why ethics is important to business.

Ethics guides business practice and employee behavior. It can also have a positive impact on a business's reputation.

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

False

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

False

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

False

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

False

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

False

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

False

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

False

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

False

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

False

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

False

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

False

NGO

Independent groups which influence businesses through lobbying, publicity, and pressure tactics to alter their activities.

Which statement is incorrect about flexible scheduling?

It discourages employees from adjusting schedules to meet family needs

List the factors influencing the U.S labor force.

Labor participation rate, changes in gender job choice, and pay equity.

Which of the following states in not considered part of the Sun Belt? Alabama, California, Florida, North Carolina

Oregon

comparable worth

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

Generation Y

People born between 1991 and the end of the millennium; also called millennials.

Which statement is true about pollution?

Pollution creates breathing problems.

What factors are influencing shifts in the U.S worker characteristics?

Population growth, changing proportions of ethnic groups, and geographic shifts.

Describe how employers are reacting to changing societal issues.

Redesigning jobs, improving health and safety, implementing family-friendly practices.

recycling

Reusing products or product packaging.

Which of the following statements is incorrect in relation to managing the environment?

Society is focusing on conserving renewable resources.

telecommute

Staying in contact with the employer electronically while working from home or on the road.

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.

stakeholders

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

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

True

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

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.

True

American consumers spend more money on restaurant meals than on grocery purchases.

True

Ethical conduct requires doing more than the law requires.

True

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

True

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

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 to improve its living standards.

True

values

Underlying beliefs and attitudes.

A 16-year-old seeking employment is included in

both the labor force and labor force participation rate

In recent years, poverty among elderly people has been

decreasing

As the standard of living increases, the birth rate usually

drops

One of the trends among American families has been a(n)

falling birth rate

Much of the U.S. population growth is due to

immigration

In the last half of the twentieth century, the labor participation rate for women has

increased

An example of ethical behavior is

keeping company information confidential

The Audubon Society and the National Organization for Women are examples of

nongovernmental organizations

Most new American jobs have been created in

service industries

The baby bust period created a(n)

shortage of young workers

All of the following are factors in determining comparable worth except

specifying a male or female for the position

Ethics are

standards of moral conduct

Which of the following is a renewable resource?

sunshine

The gap between rich and poor Americans is

widening