Exam 2: Ethics and Social Responsibility in Business

Harryis a businessperson who works for a successful and admired Fortune 500 company.About how often is Harry likely to encounter ethical issues in the workplace?

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

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

Marilyn,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 Marilyn to vice president.What individual factor most affected Marilyn's ethical decision?

Stacey believes her company has discriminated against her because her minority coworkers,who are less qualified,have been promoted ahead of her.Which agency should Stacey contact?

A code of ethics is a written guide to acceptable and ethical behavior as defined by an organization.

The Jeep Grand Cherokee was investigated because of reported instances of unintended acceleration.The investigating body concluded that the acceleration was not a result of a system malfunction but was due instead to driver error.However,they also said that the awkward placement of the brake and accelerator pedals was the primary contributor to these driver errors.By designing this part of the Grand Cherokee in an ergonomically inefficient manner,Jeep ignored which of the four basic rights of consumers?

Through a combination of direct generation and credits,the City of Las Vegas is powering streetlights and more than 140 municipal buildings and facilities with renewable sources.In addition to the city government's efforts,the casinos in Las Vegas donate food waste from the restaurants to a local pig farm.Which of the following is the most accurate description of the environmental efforts taken by the City of Las Vegas and the casinos there?

Tina is a real estate broker who has been asked to sell a property by a client.The property is exactly what she has wanted for herself.She knows the seller is unaware of the value of the property and is relying on her to make the best decision.She knows if she markets it aggressively,she can get several thousand dollars more for the property than the seller is asking.Tina talks to her son and asks him to buy the property in his name,with her funds,and to transfer the property to her after the transaction is completed.She contacts her client and tells him she has a buyer ready who is offering to purchase the property for a thousand dollars over the listing price.The seller agrees to the sale unaware of the other issues involved.As it relates to the topic of this chapter,which of the following best describes Tina's actions?

If Casio were to buy out all other calculator manufacturers,what consumer right would be at stake?

In 2017,the Fiesta,a subcompact car manufactured by Ford,was known to catch on fire when rear-ended,even at inner-city speeds.This stripped consumers of their right to

Which of the following is the most effective way to encourage ethical business behavior?

Robert Mullins 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 Mark was offered an interest rate 3 percent less than what Robert was offered by the same mortgage company.This mortgage company's actions were

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

Ethical issues often arise out of business's relationships with investors,customers,employees,creditors,or competitors.

Explain the six basic rights of consumers.

In 2001,Deborah Williams was fired from her sales clerk's job at the Walgreens store in North Mall after refusing to work on Sundays.The Christian Reformed Church,of which she was a member,prohibited working on Sunday.Therefore,she did not go to work on those days even though she was scheduled to do so.Ms.Williams filed a lawsuit against the company because she felt her rights had been violated.Which rights were violated?

Fortunately,the acid-rain problem has been solved in recent years.

The law that established the Environmental Protection Agency was the

Why is pollution of concern to most citizens? Why are some businesspeople particularly concerned about pollution?