Business Management Ch 3 QZ
Which of the following is a well-known argument for businesses and their need to perform socially responsible activities?
As an influential subset of society, business has the responsibility to improve the overall welfare of society.
Which term refers to the capacity to reflect on values in the corporate decision-making process, and pursue sound management practices that are characterized by fairness and justice?
Ethics
Assume that a manufacturer has a work-related accident in which an employee is killed. Of the following, which Federal agency is most likely concerned with investigating the incident?
Occupational Safety and Health Administration
A socially responsible manager would most likely agree with which of the following statements?
Organizations have both profit and social goals to work towards, and they need to be worked toward proactively.
Which of the following is a desirable and socially responsive approach to meeting social obligations?
Presenting reports to organization members on social responsibility progress
Which of the following was passed to promote ethical conduct in publicly owned companies and prohibits retaliation against whistle-blowers?
Sarbanes-Oxley Act
The _____ Standard is a guideline that determines behavior to be ethical if it reflects high moral values.
Virtue
Which of the following is used to monitor and improve social responsibility efforts in an organization?
Which of the following is used to monitor and improve social responsibility efforts in an organization?
One component of social responsibility is promoting the welfare of others through generous monetary donations to social causes, referred to as _________.
philanthropy
If a behavior respects and promotes the rights of others, it is considered ethical under the ________ standard.
rights
By eliminating _________, managers most likely reduce any pressure on employees to perform unethically in organizations.
severe punishments for poor performance
How effective an organization is in pursuing its social responsibilities is a measure of __________.
social responsiveness
The common term for any group that is directly or indirectly affected by an organization's decisions is ___________.
stakeholder
How organizations can better conserve natural resources, reduce organizational waste, recycle used resources, and preserve the environment by protecting threatened plant and animal species are considerations of _________.
sustainability
A successful sustainability effort primarily requires managers to devise sustainability efforts that are ________.
tailored to their organization
Suppose a company advertises its products on television in a way that is truthful and honest about the features and benefits of those products. Which ethical standard is the company abiding by?
virtue
The term triple bottom-line emphasizes that managers should focus on building organizations that are sustainable in three areas: ________.
economic, environmental, and societal activities
Which of the following represents a formal statement that serves as a guide for how employees should act and make decisions?
Code of ethics
Which federal agency works to reduce consumer misunderstanding of manufacturers' product designs and labels?
Consumer Product Safety Commission
A company prices its goods so that customers are charged a fair price, the company generates a profit, and shareholders receive a reasonable return. Which sustainability gauge for organizational performance does this represent?
Economic
_____ is a measure of the usage of environmental resources.
Environmental footprint
The three basic steps in a social audit are monitoring, measuring, and __________.
appraising
By creating jobs and supporting youth activities, Starbucks shows its commitment to building better neighborhoods, cities, and countries where it operates. These actions by Starbucks primarily relate to the ________ area of a social audit.
community
One area in which business can act to protect and improve the welfare of society is to think about ecosystems and how to maintain them, a concept called ___________.
going green
When choosing to work to accomplish goals and build the local community and environment simultaneously, a manager is being a ___________.
good corporate citizen