Business 101 Ch 2

If the owner of a department store is seeking a price reduction and gives the manager of a clothing manufacturing company a new iPad, the department store owner is using which approach to influence the manufacturer's decision making?

Bribery

Many of the laws regulating safety in the workplace are enforced by:

OSHA.

Which of the following is not considered unethical behavior in the workplace?

Using your cell phone to make a doctor's appointment during your lunch break

In the United States, if a businessperson brought an elaborately wrapped gift to a prospective client on their first meeting, it might be viewed as:

bribery.

All of the following are arguments against social responsibility except:

businesses have the financial resources to help society.

The assurance of satisfactory quality and service at a fair price is part of a consumer's right to:

choose.

If a corporate manager makes a decision that results in personal financial benefit while the company's owners lose financially, what kind of ethical issue is this?

conflicts of interest

The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers are known as:

consumerism.

The principles and standards that determine acceptable conduct in business are referred to as:

ethics.

Which right assures the fair treatment of consumers who voice complaints about a purchased product?

The right to be heard

Which of the following is not highlighted in John F. Kennedy's 1962 consumer bill of rights?

The right to minimum prices

Managers consider social responsibility:

on a daily basis.

Businesses must first be responsible to:

owners.

A sprocket supplier has offered Chris' family a free two-week cruise if his firm gets a very large order from them. The most ethical course of action for Chris to take would be to:

politely turn it down and discuss the offer with her boss.

In addressing social responsibility, managers must consider their firms' relations with:

A) employees. B) owners. C) customers. D) the community. E) all of the above

Writing emails to companies, posting complaints online, lobbying government agencies, and boycotting irresponsible companies are activities involved with which social responsibility issue?

Consumer relations

All of the following are arguments in favor of social responsibility except:

businesses may lose their focus on profit-making.

One of the most important things companies can do to curb global warming is reduce greenhouse gas emissions. Of the options below, which is NOT a good way to reduce daily carbon and greenhouse gas output?

keeping the air conditioner running all summer long

A business's responsibilities to its owners and investors include:

protecting the owners' rights and investments. B) maintaining proper accounting procedures. C) providing all relevant information about current and projected performance of the firm. D) maximizing their investment in the firm. E) all of the above

Social ______ relates to a business's impact on society.

responsibility