Exam 2: Being Ethical and Socially Responsible

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

Manufacturers are not required by law to inform consumers about the potential dangers of using their products.

Which president stated that consumers have the right to safety, to be informed, to choose, and to be heard?

What does the government encourage in order to protect the consumer's right to choose?

How does the economic model of social responsibility differ from the socioeconomic model of social responsibility?

Metabo-Miracle offers a guaranteed weight loss of 10 pounds in one week without dieting or exercise. Thousands of customers purchase the products and about 200 call in with complaints that the product was ineffective. What action should Metabo-Miracle take?

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 study of the morality of choices made by people is known as

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

The socioeconomic model of social responsibility

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

Define the doctrine of caveat emptor.

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

A plan designed to increase the number of minority employees within an organization is known as

Which type of pollution has seen the least improvement since environmental issues became important?

Fairness and honesty in business are two important ethical concerns.

You are the executive vice president for Cooper Tire, the sixth largest U.S. tire maker. You have the responsibility to locate land for a new distribution center in Mississippi, and you own over 1,000 acres of land near one site in Tupelo. This could create for you

Joe, a restaurant supplies and equipment business manager, believes in the economic model of social responsibility. Which of the following would most likely be a quote from Joe in relation to social responsibility?

Travis is in charge of writing a report for his company that talks about the quality and safety of his company's products, business practices, involvement in the community, human resources, and efforts to reduce pollution. This is called a(n)

Wonder Bread advertised that its bread "builds strong bodies." This claim was considered deceptive and thus a violation of the consumer's right to ____. The claim was a violation not because it was untrue but because the same claim was true of other breads, and people seeing the advertisement might have thought that Wonder Bread was unique.