Exam 4 Business and Ethics

The Equal Employment Opportunity Commission was created in:

1964

By 2020, the Bureau of Labor Statistics estimates that what percentage of all workers will be women?

47 percent.

Which of the following statements is true about community relations?

About 80 percent of companies factor community involvement into their overall strategic plan.

One way to promote equal opportunity and remedy past discrimination is through:

Affirmative Action

One alternative to product liability lawsuits is called:

Alternative dispute resolution.

A goal of the consumer movement is to make consumer power:

An effective counterbalance to the rights and powers of firms that sell goods and services.

According to the US Department of Labor:

Annually, more than 3 million workers in private industry are hurt or become ill on the job. More than three out of every 100 workers are hurt or become ill on the job annually.

Which of the following is a good way for a business to express its commitment to corporate citizenship?

By establishing community relations programs. By behaving responsibly toward all its stakeholders. By correcting problems associated with its operations.

How do companies encourage their employees to volunteer their time?

By publicizing specific projects. By offering recognition for service. By publicizing opportunities to serve.

What are the three forms of gifts typically made by corporations and their foundations?

Charitable donations (gifts of money) In-kind donations (gifts of products or service) Volunteer Employee service ( gifts of time)

Where are workers not permitted to form independent unions?

Communist countries. Military dictatorships.

Under proposals to establish uniform federal standards for determining liability:

Companies would not have to go through repeated trials on the same charges in different states.

The law requiring that toys and infant products be tested before sale is called the:

Consumer Product Safety Improvement Act.

What is the most important social issue facing communities, according to a survey of community relations managers?

Education

Business depends on the community for:

Education Public services. Transportation systems.

Universal rules establishing a common set of labor standards worldwide are called:

Fair labor standards.

In the United States, which of the following agencies enforces the laws prohibiting deceptive advertising?

Federal Trade Commission.

"Glass walls" refers to:

Fewer opportunities to move sideways into jobs that lead to the top.

Which of the following led to significant corporate restructuring and downsizing?

Fierce global competition. Emphasis on improving the "bottom line."

Manufacturers making false or misleading claims about a competitor's product is:

Illegal and unethical.

What is the job of the community relations manager?

Is to interact with local citizens develop community programs, manage donations of goods and services, work with local governments, and encourage employee volunteerism.

Which of the following is not an argument favoring employee drug testing?

It is an intrusion on individual privacy.

Which of the following statements is true about the relationship between business and the community?

It is one of mutual interdependence.

What is the Equal Employment Opportunity Commission?

Major agency charged with enforcing equal employment opportunity laws and executive orders in the United States.

The growing diversity in the U.S. workforce is due to:

Millennials entering the workforce. Immigration from other countries. Shifting patterns of work and retirement.

As communications improve and people around the world are able to witness the horrors of natural disasters, terrorism, and war, international relief efforts by corporations are becoming:

More important.

Employees in the United States have a legal right to:

Organize and bargain collectively. A safe and healthy workplace.

When a mother or father is granted time off when children are born or adopted and during the early months of a child's development, this is called:

Parental leave.

Another term for corporate giving is corporate:

Philanthropy

Age, ethnicity, gender, mental or physical abilities, race, and sexual orientation are what dimensions of diversity?

Primary.

What is the Equal Employment Opportunity?

Provide equal opportunity without regard to race, color, religion, sex, or nationality to persons employed or seeking employment.

What is diversity?

Refers to variation in the important human characteristics that distinguish people from one another.

The Sarbanes-Oxley Act makes it illegal for employers to:

Retaliate against whistle-blowers who report information that could have an impact on the value of a company's shares.

The main responsibility of the National Highway Traffic Safety Administration is to:

Set motor vehicle safety standards.

A study by Catalyst found that companies with three or more female directors had:

Significantly higher returns on equity than those with no female directors.

Under what legal doctrine does a firm bear legal responsibility for injuries caused by something it made or sold, whether or not it was negligent or breached a warranty?

Strict liability.

During the 1930s, many workers in the United States joined unions, and the ranks of organized labor grew rapidly. This historical period was called:

The New Deal.

The act that requires lenders to inform borrowers of the annual rate of interest to be charged, plus related fees and services charges is called:

The Truth in Lending Act.

The term civic engagement describes:

The active involvement of businesses and individuals in improving communities.

What are the five core rights of a consumer?

The right to be informed The right to safety The right to choose The right to be heard The right to privacy

Which of the following is not a benefit of managing diversity effectively?

These businesses get tax breaks from the federal government.

Racial harassment is illegal under:

Title VII of the Civil Rights Act.

Women have entered the workforce:

To earn income to support their families. Due to the inadequacies of retirement plans and health care programs. To sustain an accustomed standard of living.

A reason for an increase in employee monitoring does not include:

To reduce the employer's health insurance premiums.

Which of the following is a reason for businesses to get involved in the community?

To win local support for business activity. To build social capital. To meet stakeholder demands.

Which law allows individuals who sue federal contractors for fraud to receive up to 30 percent of any amount recovered by the government?

U.S. False Claims Act (as amended in 1986).

A prime social responsibility of business is to safeguard consumers:

While continuing to supply them with goods and services they want.