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Exam 2: B: Being Ethical and Socially Responsible

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Question 41

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One major reason for improving product safety is the consumer's demand for safe products.

A) True
B) False

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Question 42

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Awareness of businesses' social responsibilities has increased along with government involvement.

A) True
B) False

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Question 43

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The Food and Drug Administration's ability to force businesses making or selling defective products to recall them is most closely related to consumers' right to choose.

During the 1980s, very few organizations created and implemented ethics codes.

Businesspeople face ethical issues every day, and some of these issues can be difficult to assess.

The Sarbanes-Oxley Act of 2002 deals with corporate responsibility, conflicts of interest, and corporate accountability.

A successful program for training hard-core unemployed people is the National Alliance of Business.

Consumer advocates, such as Ralph Nader, take it upon themselves to protect the rights of consumers.

The director of a company's social responsibility program should be a consumer advocate who can express the social issues facing the firm to the organization's management.

The Sarbanes-Oxley Act of 2002 gives those who report corporate misconduct sweeping new legal protection.

President Franklin D. Roosevelt declared that consumers are entitled to safety, to be informed, to choose, and to be heard.

Fairness and honesty in business are two important ethical concerns.

A social responsibility program may be funded by the federal government through tax reductions or other incentives.

The EPA was created by the government to develop new and improved ways to clean and improve the environment.

Before the 1930s, the average work week prescribed by law was forty hours; however, workers were dissatisfied because there was no minimum wage.

An affirmative action program is designed to ensure that minority employees are represented in about the same proportion as their representation within the community.

Customers can't find out which firms are acting responsibly and which are not.

Negotiated settlements for cleaning up hazardous wastes became known as sweetheart deals because the EPA helped only those companies friendly to them.

Businesses' record of social responsibility today is much better than in past decades.

The socioeconomic model of social responsibility emphasizes the effect of business decisions on society.