Question 1

You were hired as a television anchorwoman this year. After a few months your supervisor demoted you because you were said to be too old, unattractive, and not deferential enough to men. You believe this supervisor has violated your right to

Accepted Answer

A)  safety and security.
B)  be heard.
C)  be informed.
D)  life.
E)  equal treatment in the workplace.F) B) and C)
G) C) and D)

Question 2

Why did Congress create the Equal Employment Opportunity Commission?

Accepted Answer

Congress created the Equal Employment Op...

Question 3

A social audit is a

Accepted Answer

A)  review of the costs of operating a social program.
B)  report of what a business has done and is doing about social issues.
C)  review of a tax statement by the Internal Revenue Service.
D)  review of management's social activity for the year.
E)  report filed by social sector accountants.F) A) and B)
G) A) and E)

Question 4

The manager of a large chain recently spoke to a group of college students about making it in the business world. He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society. In so doing, he indicated that a stockholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders' interests. What concept do the manager's comments reveal?

Accepted Answer

A)  Socioeconomic model of social responsibility
B)  Economic model of social responsibility
C)  Strictest model of social responsibility
D)  Consumerism
E)  Rights of employeesF) A) and D)
G) B) and D)

Question 5

Long-distance providers are becoming increasingly concerned about certain activities within their industry. Various companies come together voluntarily to implement new standards of social responsibility that members must abide by. What seems to be the primary motivation in this case for an increased interest in social responsibility?

Accepted Answer

A)  Because corporations are creations of society, they are responsible for giving back to the communities in which they operate.
B)  These companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.
C)  These companies are using social responsibility as a means to increase their profitability, both short term and long term.
D)  Long-distance providers have started taking pride in their industry and its record for social responsibility.
E)  They feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.F) C) and D)
G) A) and B)

Question 6

​Michaela, age 25, has set a personal goal of being vice president of ABX Corp. by the time she is 32. She has determined that nothing will stand in her way of her goal. She hears that the president of ABX Corp. is engaged in a business enterprise with the president of a competitor that is a conflict of interest with his role of president. She reports the business relationship to the press anonymously. Upon hearing the news, the board of directors of ABX Corp. calls a special meeting to investigate the charges. Finding them to be true, they terminate the president and promote the existing vice president to president and Michaela to vice president. What individual factor most affected Michaela's ethical decision?

Accepted Answer

A)  ​Personal goals.
B)  ​Personal values.
C)  ​Individual knowledge of an issue.
D)  ​Cultural norms.E) All of the above
F) A) and C)

Question 7

Supporters of increased social responsibility would most likely say that the goal of a firm is to

Accepted Answer

A)  maximize shareholders' wealth.
B)  provide jobs for the community and make a reasonable profit.
C)  maximize profits while obeying the law.
D)  beat the competition and stay in business.
E)  create value and benefits for owners, employees, and society.F) None of the above
G) A) and E)

Question 8

Historically a discrepancy exists between the pay for women and men of equal qualifications. Which statement most accurately describes this inequality?

Accepted Answer

A)  Although the pay discrepancy between men and women used to be quite large, it is nonexistent today.
B)  Despite threats of legal action, women still make significantly less than men of equal background.
C)  So much has been done to correct this discrepancy that women, on average, earn more than men of equal qualifications.
D)  The discrepancy in pay has shifted back and forth the last three decades; that is, sometimes women are paid more and sometimes men are paid more.
E)  Women and men of equal qualifications have, for the past two decades, made approximately the same amount of money from similar occupations.F) A) and B)
G) B) and E)

Question 9

Which of the following accurately describes the objective of affirmative action?

Accepted Answer

A)  If 30 percent of the local population is Hispanic, then 30 percent of a company's engineers should be Hispanic.
B)  If 55 percent of the local population is female, then 55 percent of all companies' employees should be female throughout all levels of the organizations.
C)  If 20 percent of the engineers in the local area are African American, then a company should have about 20 percent African American employees on its engineering staff.
D)  If 40 percent of the engineers available locally are African American, then a company should have about 1 out of 10 African American engineers.
E)  If 40 percent of the local population is Hispanic, the school systems should have 40 percent Hispanic teachers.F) A) and C)
G) A) and B)

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

The socioeconomic model of social responsibility places primary emphasis on

Accepted Answer

A)  quality of life.
B)  production.
C)  economic return.
D)  exploitation of natural resources.
E)  profit.F) All of the above
G) A) and B)

Question 12

The American Apparel Manufacturers Association exerts pressure on its members to comply with the ethical standards of the industry and provides information and benefits for textile companies. This company is an example of a(n)

Accepted Answer

A)  regulatory agency.
B)  government agency.
C)  trade association.
D)  industry organization.
E)  membership club.F) A) and B)
G) B) and E)

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Define business ethics.

Accepted Answer

Ethics is the study of right a...

Question 15

Lisa buys a new pillow and rips off the manufacturer's tag. She then reads the tag and is amused at its warning that, under penalty of law, the tag should not be removed and the pillow could cause suffocation. What consumer right is the manufacturer guarding against?

Accepted Answer

A)  The right to consumer education
B)  The right to choose
C)  The right to be informed
D)  The right to be heard
E)  The right to courteous serviceF) A) and C)
G) A) and E)

Question 16

As far as business is concerned, six of the most important federal laws passed between 1887 and 1914 supported

Accepted Answer

A)  foreign trade.
B)  increased production.
C)  more competition.
D)  elimination of unions.
E)  more social responsibility.F) A) and E)
G) A) and B)

Question 17

What would opponents of the socioeconomic model argue to support their position?

Accepted Answer

Businesses are most functional and succe...

Question 18

Ethical behavior is most likely to be compromised when the personal ethics of businesspeople are high.

Accepted Answer

A) True 
 B)False

Question 19

When translated, caveat emptor means "let the buyer beware."

Accepted Answer

A) True 
 B)False

Question 20

The right to consumer education entitles people to be fully informed about their rights as consumers.

Accepted Answer

A) True 
 B)False

Exam 2: Being Ethical and Socially Responsible

Correct Answer
verified

Why did Congress create the Equal Employment Opportunity Commission?

Correct Answer
verified
Congress created the Equal Employment Op...
View Answer

A social audit is a

Correct Answer
verified

Ethical behavior is most likely to be compromised when the personal ethics of businesspeople are high.

Correct Answer
verified

The socioeconomic model of social responsibility places primary emphasis on

Correct Answer
verified

Which of the following accurately describes the objective of affirmative action?

Correct Answer
verified

Define business ethics.

Correct Answer
verified
Ethics is the study of right a...
View Answer

Historically a discrepancy exists between the pay for women and men of equal qualifications. Which statement most accurately describes this inequality?

Correct Answer
verified

When translated, caveat emptor means "let the buyer beware."

Correct Answer
verified

The right to consumer education entitles people to be fully informed about their rights as consumers.

Correct Answer
verified

What would opponents of the socioeconomic model argue to support their position?

Correct Answer
verified
Businesses are most functional and succe...
View Answer

You were hired as a television anchorwoman this year. After a few months your supervisor demoted you because you were said to be too old, unattractive, and not deferential enough to men. You believe this supervisor has violated your right to

Correct Answer
verified

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

Correct Answer
verified

Lisa buys a new pillow and rips off the manufacturer's tag. She then reads the tag and is amused at its warning that, under penalty of law, the tag should not be removed and the pillow could cause suffocation. What consumer right is the manufacturer guarding against?

Correct Answer
verified

Supporters of increased social responsibility would most likely say that the goal of a firm is to

Correct Answer
verified

As far as business is concerned, six of the most important federal laws passed between 1887 and 1914 supported

Correct Answer
verified

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

Correct Answer
verified

The American Apparel Manufacturers Association exerts pressure on its members to comply with the ethical standards of the industry and provides information and benefits for textile companies. This company is an example of a(n)

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Exam 2: Being Ethical and Socially Responsible

Correct AnswerverifiedShow Answer

Why did Congress create the Equal Employment Opportunity Commission?

Correct AnswerverifiedCongress created the Equal Employment Op...View AnswerShow Answer

A social audit is a

Correct AnswerverifiedShow Answer

Ethical behavior is most likely to be compromised when the personal ethics of businesspeople are high.

Correct AnswerverifiedShow Answer

The socioeconomic model of social responsibility places primary emphasis on

Correct AnswerverifiedShow Answer

Which of the following accurately describes the objective of affirmative action?

Correct AnswerverifiedShow Answer

Define business ethics.

Correct AnswerverifiedEthics is the study of right a...View AnswerShow Answer

Historically a discrepancy exists between the pay for women and men of equal qualifications. Which statement most accurately describes this inequality?

Correct AnswerverifiedShow Answer

When translated, caveat emptor means "let the buyer beware."

Correct AnswerverifiedShow Answer

The right to consumer education entitles people to be fully informed about their rights as consumers.

Correct AnswerverifiedShow Answer

What would opponents of the socioeconomic model argue to support their position?

Correct AnswerverifiedBusinesses are most functional and succe...View AnswerShow Answer

You were hired as a television anchorwoman this year. After a few months your supervisor demoted you because you were said to be too old, unattractive, and not deferential enough to men. You believe this supervisor has violated your right to

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Lisa buys a new pillow and rips off the manufacturer's tag. She then reads the tag and is amused at its warning that, under penalty of law, the tag should not be removed and the pillow could cause suffocation. What consumer right is the manufacturer guarding against?

Correct AnswerverifiedShow Answer

Supporters of increased social responsibility would most likely say that the goal of a firm is to

Correct AnswerverifiedShow Answer

As far as business is concerned, six of the most important federal laws passed between 1887 and 1914 supported

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The American Apparel Manufacturers Association exerts pressure on its members to comply with the ethical standards of the industry and provides information and benefits for textile companies. This company is an example of a(n)

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Congress created the Equal Employment Op...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Ethics is the study of right a...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Businesses are most functional and succe...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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