Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Caveat emptor

Accepted Answer

A) is a French term that implies laissez faire. 
B) implies disagreements over peer evaluations. 
C) is a Latin phrase meaning "let the buyer beware." 
D) is a Latin phrase meaning "let the seller beware." 
E) is a Latin phrase meaning "the cave is empty." 
A) is a French term that implies laissez faire. 
B) implies disagreements over peer evaluations. 
C) is a Latin phrase meaning "let the buyer beware." 
D) is a Latin phrase meaning "let the seller beware." 
E) is a Latin phrase meaning "the cave is empty."

Question 3

For health-related companies such as Weight Watchers, one of the most frequent ethical issues related to communications that they face is

Accepted Answer

A) deception. 
B) providing too much information. 
C) seeking FDA approval. 
D) experiments on animals. 
E) safe packaging. 
A) deception. 
B) providing too much information. 
C) seeking FDA approval. 
D) experiments on animals. 
E) safe packaging.

Question 4

The major forces in consumerism are

Accepted Answer

A) individual consumer advocates. 
B) consumer organizations. 
C) consumer education programs. 
D) consumer laws. 
E) all of the above. 
A) individual consumer advocates. 
B) consumer organizations. 
C) consumer education programs. 
D) consumer laws. 
E) all of the above.

Question 5

HGR Chemical Company believes the environmental regulations for its industry are much more stringent than necessary, which likely means

Accepted Answer

A) they are impossible to comply with. 
B) they will not improve the quality of the drinking water. 
C) they are unfair to chemical plants. 
D) they are too expensive to comply with. 
E) HGR is not concerned with the environment. 
A) they are impossible to comply with. 
B) they will not improve the quality of the drinking water. 
C) they are unfair to chemical plants. 
D) they are too expensive to comply with. 
E) HGR is not concerned with the environment.

Question 6

Most authorities agree that business ethics should be improved.

Accepted Answer

A) True 
 B)False

Question 7

Residents living near Los Angeles International Airport complained to the city that the airport was guilty of ____ pollution.

Accepted Answer

A) land 
B) noise 
C) air 
D) water 
E) business 
A) land 
B) noise 
C) air 
D) water 
E) business

Question 8

In 1915, Amanda Groves, mother of seven, lost her husband in a horrible industrial accident that could have easily been prevented. Soon after, Amanda decided to take legal action against the company. What obstacle did she likely encounter?

Accepted Answer

A) Although going to court would be relatively inexpensive, Amanda is not very likely to win the case. 
B) It is likely that her legal action would result in the closure of the factory, thereby destroying the economy in her town for her friends and relatives. 
C) Although Amanda is likely to win such a strong case against the company, she will not be able to afford to go to court. 
D) The company responsible is likely to improve its working conditions significantly and make Amanda look like a liar. 
E) She will find out that court is very expensive, and her chances of winning are extremely slim. 
A) Although going to court would be relatively inexpensive, Amanda is not very likely to win the case. 
B) It is likely that her legal action would result in the closure of the factory, thereby destroying the economy in her town for her friends and relatives. 
C) Although Amanda is likely to win such a strong case against the company, she will not be able to afford to go to court. 
D) The company responsible is likely to improve its working conditions significantly and make Amanda look like a liar. 
E) She will find out that court is very expensive, and her chances of winning are extremely slim.

Question 9

Recently, consumers and the government have been losing an increasing number of product liability lawsuits against sellers of defective products.

Accepted Answer

A) True 
 B)False

Question 10

What is the major source of human emissions of air pollution in the upper atmosphere?

Accepted Answer

A) Aircraft 
B) Automobiles 
C) Acid rain 
D) Volcanoes 
E) Factories 
A) Aircraft 
B) Automobiles 
C) Acid rain 
D) Volcanoes 
E) Factories

Question 11

Roger, a bank manager, holds the economic model of social responsibility view. What is he most likely to say about the connection between taxes and social responsibility?

Accepted Answer

A) Because he is a responsible man, he pays his taxes and does not try to cheat the IRS. 
B) Although taxes contribute to social welfare, it is only the beginning of his bank's responsibility to society. 
C) Taxes are a required evil from which he sees very little benefit in his community. 
D) By making a profit and paying taxes that meet the needs of society, Roger has fulfilled his social responsibility. 
E) It is better to make a small profit and therefore pay less taxes than to contribute to social responsibility. 
A) Because he is a responsible man, he pays his taxes and does not try to cheat the IRS. 
B) Although taxes contribute to social welfare, it is only the beginning of his bank's responsibility to society. 
C) Taxes are a required evil from which he sees very little benefit in his community. 
D) By making a profit and paying taxes that meet the needs of society, Roger has fulfilled his social responsibility. 
E) It is better to make a small profit and therefore pay less taxes than to contribute to social responsibility.

Question 12

The motion picture industry uses a rating system to describe the content of its movies. Movies are accompanied by ratings such as PG (parental guidance suggested) or R (not suitable for those under 17). This rating system satisfies consumers' right to

Accepted Answer

A) be heard. 
B) safety. 
C) be informed. 
D) censorship. 
E) watch what they want to watch. 
A) be heard. 
B) safety. 
C) be informed. 
D) censorship. 
E) watch what they want to watch.

Question 13

Refer to Excellent Air Incorporated. EAI's creation of its code of conduct demonstrated its application of moral standards to business situations, which is also known as

Accepted Answer

A) moral responsibility. 
B) social consciousness. 
C) social responsibility. 
D) moral consciousness. 
E) business ethics. 
A) moral responsibility. 
B) social consciousness. 
C) social responsibility. 
D) moral consciousness. 
E) business ethics.

Question 14

Air and water quality may be improving, but land pollution is still a serious problem in many areas.

Accepted Answer

A) True 
 B)False

Question 15

What are the three major sets of factors believed to affect ethical behavior in an organization?

Accepted Answer

Individual factors such as individual kn

Question 16

What are the three major consumerism forces today?

Accepted Answer

The three major consumerism forces inclu

Question 17

The $1.6 billion Superfund created in 1980 is to be used to develop successful ways of storing land pollutants.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

There is nothing unethical about accepting payments to do something you would normally do in your job anyway.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

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

Caveat emptor

For health-related companies such as Weight Watchers, one of the most frequent ethical issues related to communications that they face is

The major forces in consumerism are

HGR Chemical Company believes the environmental regulations for its industry are much more stringent than necessary, which likely means

Most authorities agree that business ethics should be improved.

Residents living near Los Angeles International Airport complained to the city that the airport was guilty of ____ pollution.

In 1915, Amanda Groves, mother of seven, lost her husband in a horrible industrial accident that could have easily been prevented. Soon after, Amanda decided to take legal action against the company. What obstacle did she likely encounter?

Recently, consumers and the government have been losing an increasing number of product liability lawsuits against sellers of defective products.

What is the major source of human emissions of air pollution in the upper atmosphere?

Roger, a bank manager, holds the economic model of social responsibility view. What is he most likely to say about the connection between taxes and social responsibility?

The motion picture industry uses a rating system to describe the content of its movies. Movies are accompanied by ratings such as PG (parental guidance suggested) or R (not suitable for those under 17). This rating system satisfies consumers' right to

Refer to Excellent Air Incorporated. EAI's creation of its code of conduct demonstrated its application of moral standards to business situations, which is also known as

Air and water quality may be improving, but land pollution is still a serious problem in many areas.

What are the three major sets of factors believed to affect ethical behavior in an organization?

What are the three major consumerism forces today?

The $1.6 billion Superfund created in 1980 is to be used to develop successful ways of storing land pollutants.

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

There is nothing unethical about accepting payments to do something you would normally do in your job anyway.

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

Exploring the World of Business and Economics

Exploring Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Building Customer Relationships Through Effective Marketing

Creating and Pricing Products That Satisfy Customers

Distributing and Promoting Products

Understanding Social Media and E-Business

Using Management Information Systems and Accounting Information

Mastering Financial Management

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Exam 2: Being Ethical and Socially Responsible

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

Caveat emptor

For health-related companies such as Weight Watchers, one of the most frequent ethical issues related to communications that they face is

The major forces in consumerism are

HGR Chemical Company believes the environmental regulations for its industry are much more stringent than necessary, which likely means

Most authorities agree that business ethics should be improved.

Residents living near Los Angeles International Airport complained to the city that the airport was guilty of ____ pollution.

In 1915, Amanda Groves, mother of seven, lost her husband in a horrible industrial accident that could have easily been prevented. Soon after, Amanda decided to take legal action against the company. What obstacle did she likely encounter?

Recently, consumers and the government have been losing an increasing number of product liability lawsuits against sellers of defective products.

What is the major source of human emissions of air pollution in the upper atmosphere?

Roger, a bank manager, holds the economic model of social responsibility view. What is he most likely to say about the connection between taxes and social responsibility?

The motion picture industry uses a rating system to describe the content of its movies. Movies are accompanied by ratings such as PG (parental guidance suggested) or R (not suitable for those under 17). This rating system satisfies consumers' right to

Refer to Excellent Air Incorporated. EAI's creation of its code of conduct demonstrated its application of moral standards to business situations, which is also known as

Air and water quality may be improving, but land pollution is still a serious problem in many areas.

What are the three major sets of factors believed to affect ethical behavior in an organization?

What are the three major consumerism forces today?

The $1.6 billion Superfund created in 1980 is to be used to develop successful ways of storing land pollutants.

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

There is nothing unethical about accepting payments to do something you would normally do in your job anyway.

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

Exploring the World of Business and Economics

Exploring Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Building Customer Relationships Through Effective Marketing

Creating and Pricing Products That Satisfy Customers

Distributing and Promoting Products

Understanding Social Media and E-Business

Using Management Information Systems and Accounting Information

Mastering Financial Management

Filters