Question 1

The ____ factor affecting ethical behavior includes one's moral values and central attitudes.

Accepted Answer

A) individual 
B) social 
C) opportunity 
D) moral 
E) ethical 
A) individual 
B) social 
C) opportunity 
D) moral 
E) ethical

Question 2

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

Accepted Answer

A) The right to choose 
B) The right to be heard 
C) The right to safety 
D) The right to service 
E) The right to be informed 
A) The right to choose 
B) The right to be heard 
C) The right to safety 
D) The right to service 
E) The right to be informed

Question 3

In 2001, Susan Scholz 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. Scholz filed a lawsuit against the company because she felt her rights had been violated. Which rights were violated?

Accepted Answer

A) The rights to be heard and to work 
B) The rights to safety and to be informed 
C) The rights to be informed and to be heard 
D) The rights to life and to work 
E) The rights to equal treatment in the workplace 
A) The rights to be heard and to work 
B) The rights to safety and to be informed 
C) The rights to be informed and to be heard 
D) The rights to life and to work 
E) The rights to equal treatment in the workplace

Question 4

Harold Finn III and his son, father, and grandfather gathered last week to compare notes on the business. Harold's grandfather started the business in 1928. His father became active in 1947, Harold in 1965, and his son in 1983. During their conversations, they discovered that many things about the past were similar to conditions today, although others were quite different. For example, after the 1930s,

Accepted Answer

A) government protection of workers and consumers increased. 
B) working conditions were often deplorable by today's standards. 
C) there was a period of laissez-faire business conditions. 
D) the average work week under the law once exceeded fifty hours. 
E) businesses were free to operate pretty much as they chose. 
A) government protection of workers and consumers increased. 
B) working conditions were often deplorable by today's standards. 
C) there was a period of laissez-faire business conditions. 
D) the average work week under the law once exceeded fifty hours. 
E) businesses were free to operate pretty much as they chose.

Question 5

Improved water quality is not only necessary, it is attainable at no cost.

Accepted Answer

A) True 
 B)False

Question 6

Ethics is the study of right and wrong and of the morality of the choices we make.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) nonpayment of income taxes. 
B) discrimination. 
C) protection of the free-market system. 
D) consumer rights. 
E) employment practices of factories. 
A) nonpayment of income taxes. 
B) discrimination. 
C) protection of the free-market system. 
D) consumer rights. 
E) employment practices of factories.

Question 8

Business ethics

Accepted Answer

A) is laws and regulations that govern business. 
B) is the application of moral standards to business situations. 
C) do not vary from one person to another. 
D) is most important for advertising agencies. 
E) is well-defined rules for appropriate business behavior. 
A) is laws and regulations that govern business. 
B) is the application of moral standards to business situations. 
C) do not vary from one person to another. 
D) is most important for advertising agencies. 
E) is well-defined rules for appropriate business behavior.

Question 9

​Proponents of the socioeconomic model of social responsibility make all of the following arguments to support their position except

Accepted Answer

A) ​by being social responsible the company will make more money. 
B) ​being socially responsible is important because the business has the technical, financial, and managerial resources needed to tackle today's complex social issues. 
C) ​by helping resolve social issues, businesses can create a more stable environment for long-term profitability. 
D) ​socially responsible decision making by firms can prevent increased government interventions, which would force businesses to do what they fail to do voluntarily. 
A) ​by being social responsible the company will make more money. 
B) ​being socially responsible is important because the business has the technical, financial, and managerial resources needed to tackle today's complex social issues. 
C) ​by helping resolve social issues, businesses can create a more stable environment for long-term profitability. 
D) ​socially responsible decision making by firms can prevent increased government interventions, which would force businesses to do what they fail to do voluntarily.

Question 10

The recognition that business activities affect society and the consideration of that impact when making business decisions is referred to as

Accepted Answer

A) business ethics. 
B) corporate ethics. 
C) code of ethics. 
D) community responsibility. 
E) social responsibility. 
A) business ethics. 
B) corporate ethics. 
C) code of ethics. 
D) community responsibility. 
E) social responsibility.

Question 11

Erin decides to try out her new iron on the pesky wrinkles she has on her legs. She suffers rather severe burns and is infuriated with the manufacturer because she feels her right to safety has been violated. Is Erin correct?

Accepted Answer

A) Yes, the right to safety implies that a customer will never be injured by a product. 
B) Yes, the iron should have been recalled when this defect was first discovered. 
C) No, products must be safe for their intended use, and Erin's experiment was clearly beyond the intended use. 
D) No, as long as the instructions mentioned that when ironing skin burns sometimes occur, they are not to blame. 
E) No, the company instead violated her right to choose. 
A) Yes, the right to safety implies that a customer will never be injured by a product. 
B) Yes, the iron should have been recalled when this defect was first discovered. 
C) No, products must be safe for their intended use, and Erin's experiment was clearly beyond the intended use. 
D) No, as long as the instructions mentioned that when ironing skin burns sometimes occur, they are not to blame. 
E) No, the company instead violated her right to choose.

Question 12

​During the first quarter of the 20th century, consumers were responsible for any losses they suffered due to a defective product they purchased. This is because the doctrine of ___ was applied in business transactions.

Accepted Answer

A) ​caveat emptor 
B) ​caravan emperor 
C) ​caveat empty 
D) ​emperor penguin 
A) ​caveat emptor 
B) ​caravan emperor 
C) ​caveat empty 
D) ​emperor penguin

Question 13

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

Accepted Answer

Since a corporation is a creation of soc

Question 14

The hard-core unemployed are made up of mentally ill individuals and those with prior criminal convictions.

Accepted Answer

A) True 
 B)False

Question 15

An affirmative action program is designed to ensure that minority employees are represented in about the same proportion as their representation within the community.

Accepted Answer

A) True 
 B)False

Question 16

One way a social responsibility program can be funded is by passing on the cost to the consumer in the form of higher prices.

Accepted Answer

A) True 
 B)False

Question 17

What are some of the social factors that affect ethical decisions?

Accepted Answer

Cultural norms is an important factor in

Question 18

Bill Phillips dropped out of high school the day he turned sixteen. Over the next seven years he had brief employment at McDonald's and a lawn mowing business. Bill could be classified as

Accepted Answer

A) a juvenile delinquent. 
B) terminally unemployable. 
C) a moocher. 
D) hard-core unemployed. 
E) a minority. 
A) a juvenile delinquent. 
B) terminally unemployable. 
C) a moocher. 
D) hard-core unemployed. 
E) a minority.

Question 19

Over the past several decades, concern for the environment has

Accepted Answer

A) been relatively steady because people expect to live in a clean and safe environment. 
B) increased significantly because pollution became a threat to life and health. 
C) been carefully handled by businesses because they are the primary source of pollutants. 
D) become stronger in the United States but not yet in the rest of the world. 
E) decreased because today's industrialized processes are naturally more environmentally friendly. 
A) been relatively steady because people expect to live in a clean and safe environment. 
B) increased significantly because pollution became a threat to life and health. 
C) been carefully handled by businesses because they are the primary source of pollutants. 
D) become stronger in the United States but not yet in the rest of the world. 
E) decreased because today's industrialized processes are naturally more environmentally friendly.

Question 20

In the first three decades of the twentieth century, working conditions were horrible and dangerous, and abuses were common. Most people of the time believed these abuses would be rectified by

Accepted Answer

A) strict government action to punish the offenders. 
B) a shift to a communist economy. 
C) consumer advocacy groups who promoted social responsibility. 
D) competition and interaction in the marketplace. 
E) returning to a less industrialized society. 
A) strict government action to punish the offenders. 
B) a shift to a communist economy. 
C) consumer advocacy groups who promoted social responsibility. 
D) competition and interaction in the marketplace. 
E) returning to a less industrialized society.

The ____ factor affecting ethical behavior includes one's moral values and central attitudes.

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

Improved water quality is not only necessary, it is attainable at no cost.

Ethics is the study of right and wrong and of the morality of the choices we make.

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

Business ethics

Proponents of the socioeconomic model of social responsibility make all of the following arguments to support their position except

The recognition that business activities affect society and the consideration of that impact when making business decisions is referred to as

Erin decides to try out her new iron on the pesky wrinkles she has on her legs. She suffers rather severe burns and is infuriated with the manufacturer because she feels her right to safety has been violated. Is Erin correct?

During the first quarter of the 20th century, consumers were responsible for any losses they suffered due to a defective product they purchased. This is because the doctrine of ___ was applied in business transactions.

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

The hard-core unemployed are made up of mentally ill individuals and those with prior criminal convictions.

An affirmative action program is designed to ensure that minority employees are represented in about the same proportion as their representation within the community.

One way a social responsibility program can be funded is by passing on the cost to the consumer in the form of higher prices.

What are some of the social factors that affect ethical decisions?

Bill Phillips dropped out of high school the day he turned sixteen. Over the next seven years he had brief employment at McDonald's and a lawn mowing business. Bill could be classified as

Over the past several decades, concern for the environment has

In the first three decades of the twentieth century, working conditions were horrible and dangerous, and abuses were common. Most people of the time believed these abuses would be rectified by

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 ____ factor affecting ethical behavior includes one's moral values and central attitudes.

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

Improved water quality is not only necessary, it is attainable at no cost.

Ethics is the study of right and wrong and of the morality of the choices we make.

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

Business ethics

​Proponents of the socioeconomic model of social responsibility make all of the following arguments to support their position except

The recognition that business activities affect society and the consideration of that impact when making business decisions is referred to as

Erin decides to try out her new iron on the pesky wrinkles she has on her legs. She suffers rather severe burns and is infuriated with the manufacturer because she feels her right to safety has been violated. Is Erin correct?

​During the first quarter of the 20th century, consumers were responsible for any losses they suffered due to a defective product they purchased. This is because the doctrine of ___ was applied in business transactions.

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

The hard-core unemployed are made up of mentally ill individuals and those with prior criminal convictions.

An affirmative action program is designed to ensure that minority employees are represented in about the same proportion as their representation within the community.

One way a social responsibility program can be funded is by passing on the cost to the consumer in the form of higher prices.

What are some of the social factors that affect ethical decisions?

Bill Phillips dropped out of high school the day he turned sixteen. Over the next seven years he had brief employment at McDonald's and a lawn mowing business. Bill could be classified as

Over the past several decades, concern for the environment has

In the first three decades of the twentieth century, working conditions were horrible and dangerous, and abuses were common. Most people of the time believed these abuses would be rectified by

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

Proponents of the socioeconomic model of social responsibility make all of the following arguments to support their position except

During the first quarter of the 20th century, consumers were responsible for any losses they suffered due to a defective product they purchased. This is because the doctrine of ___ was applied in business transactions.