Exam 2: Being Ethical and Socially Responsible

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) _____.

Product labels on detergent that indicate ingredients and laundering methods are examples of which provision of Kennedy's consumer bill of rights?

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.

A businessperson can take some comfort when faced with an ethical dilemma by talking openly about it with management because ethical decisions will always withstand scrutiny.

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

One reason American business must be concerned about product safety is that

Tony Shinn is applying for a mortgage to purchase his first home.His credit rating is mediocre due to several late payments on his credit cards and car loan.He is upset because his friend Jerry was offered an interest rate 3 percent less than what Tony was offered by the same mortgage company.This mortgage company's actions were

Which president stated that consumers have the right to consumer education?

The socioeconomic model of social responsibility

The right to service entitles consumers to convenience, courtesy, and responsiveness from manufacturers and sellers of consumer products.

_____ is the contamination of water, air, or land through the actions of people in an industrialized society.

Brant promised to repair Carolyn's car on Thursday.After picking up the necessary part at a junkyard, he discovered he could not do the job after all and that the junkyard would not buy back the part.Carolyn does not know about these developments.However, she thinks Brant will be finished with her car sometime today.What should Brant do?

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

Most authorities agree that business ethics should be improved.

What are the major ethical issues businesspeople face?

The manager of a successful local restaurant believes his responsibilities are to provide delicious meals and excellent service, provide jobs, comply with laws and the IRS, and earn a respectable profit on the restaurant.These are the manager's only concerns.What concept does this indicate?

Increasingly, consumer education is becoming a part of high school and college curricula and adult-education programs.

Taking credit for others' ideas or work or not meeting one's commitments in a mutual agreement are ethical issues concerning _____.

Before the 1930s, most government involvement in day-to-day business was aimed at

What sort of information should be included in a social audit? Who would prepare the audit? How would such a document be used?