Question 1

What are the major ethical issues businesspeople face?

Accepted Answer

Businesspeople face a range of ethical i...

Question 2

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

Accepted Answer

A)   the right to be heard
B)   the right to choose
C)   the right to purchase
D)   the right to be informed
E)   the right to safetyF) C) and D)
G) D) and E)

Question 3

The socioeconomic model of social responsibility

Accepted Answer

A)   holds that society will benefit most when business is left alone to produce and market profitable products.
B)   emphasizes that social responsibility is someone else's responsibility.
C)   holds that a firm is legally obligated to act in the economic interests of its stockholders.
D)   states that managers who concentrate on profit indirectly fulfill their social responsibilities.
E)   emphasizes profits as well as the effect of business decisions on society.F) None of the above
G) A) and C)

Question 4

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

Accepted Answer

A)   unethical-both Tony and Jerry should have been charged the same interest rates, regardless of their credit histories.
B)   ethical-this is just a part of doing business because credit history is an important indicator of future payments.
C)   illegal-subjective factors may not be used when determining which credit offers may be extended to certain customers.
D)   unethical if Tony is a minority and Jerry is not.
E)   unethical and illegal-customers must all be treated the same.F) D) and E)
G) C) and D)

Question 5

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

Accepted Answer

A)   fairness and honesty
B)   organizational relationships
C)   conflict of interest
D)   communications
E)   freedom of choiceF) A) and B)
G) B) and C)

Question 6

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)  _____.

Accepted Answer

A)   regulatory agency
B)   government agency
C)   trade association
D)   industry organization
E)   membership clubF) A) and D)
G) B) and E)

Question 7

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?

Accepted Answer

A)   try to repair the car even though he does not really know how
B)   try to repair the car so he can at least get his money's worth out of it
C)   call Carolyn to inform her of the problem, and recommend a reputable repair shop
D)   fake an emergency and contact Carolyn on Monday
E)   stall for time to read up on car repairs so he can practice on Carolyn's carF) C) and E)
G) A) and B)

Question 8

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.F) A) and B)
G) A) and C)

Question 9

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

Accepted Answer

A)   Wasteful
B)   Recycling
C)   Redesign
D)   Disposal
E)   PollutionF) A) and D)
G) A) and E)

Question 10

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

Accepted Answer

A social audit should include informatio...

Question 11

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.

Accepted Answer

A) True 
 B)False

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)   labor unions will demand better contracts.
B)   the government will increase its requirements for disclosure.
C)   consumers demand safe products.
D)   companies will be banned from competing.
E)   limitations will be placed on the sale of products.F) A) and B)
G) B) and E)

Question 14

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?

Accepted Answer

A)   Socialism
B)   the economic model of social responsibility
C)   the socioeconomic model of social responsibility
D)   consumer protectionism
E)   a lack of social responsibilityF) A) and E)
G) A) and C)

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Most authorities agree that business ethics should be improved.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)   Franklin D.Roosevelt
B)   John F.Kennedy
C)   Lyndon B.Johnson
D)   Gerald R.Ford
E)   Bill ClintonF) D) and E)
G) A) and E)

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 2: Being Ethical and Socially Responsible

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

Correct Answer
verified

What are the major ethical issues businesspeople face?

Correct Answer
Answered by ExamLex AI
Businesspeople face a range of ethical i...
View Answer

Correct Answer
verified

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.

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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) _____.

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

The socioeconomic model of social responsibility

Correct Answer
verified

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?

Correct Answer
verified

Most authorities agree that business ethics should be improved.

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
Answered by ExamLex AI
A social audit should include informatio...
View Answer

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

Correct Answer
verified

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.

Correct Answer
verified

Exam 2: Being Ethical and Socially Responsible

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

Correct AnswerverifiedShow Answer

What are the major ethical issues businesspeople face?

Correct AnswerAnswered by ExamLex AIBusinesspeople face a range of ethical i...View AnswerShow Answer

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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) _____.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The socioeconomic model of social responsibility

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

Most authorities agree that business ethics should be improved.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerAnswered by ExamLex AIA social audit should include informatio...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Businesspeople face a range of ethical i...
View Answer

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
A social audit should include informatio...
View Answer

Correct Answer
verified

Correct Answer
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