Business And FinanceBusiness 101 Ch 2
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Business 101 Ch 2

Zaira Sanchez avatar Zaira Sanchez
14 February 2024
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20 test answers

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question
Which of the following is not considered unethical behavior in the workplace?
answer
Using your cell phone to make a doctor's appointment during your lunch break
question
The principles and standards that determine acceptable conduct in business are referred to as:
answer
ethics.
question
Social ______ relates to a business's impact on society.
answer
responsibility
question
In the United States, if a businessperson brought an elaborately wrapped gift to a prospective client on their first meeting, it might be viewed as:
answer
bribery.
question
If a corporate manager makes a decision that results in personal financial benefit while the company's owners lose financially, what kind of ethical issue is this?
answer
conflicts of interest
question
If the owner of a department store is seeking a price reduction and gives the manager of a clothing manufacturing company a new iPad, the department store owner is using which approach to influence the manufacturer's decision making?
answer
Bribery
question
A sprocket supplier has offered Chris' family a free two-week cruise if his firm gets a very large order from them. The most ethical course of action for Chris to take would be to:
answer
politely turn it down and discuss the offer with her boss.
question
In addressing social responsibility, managers must consider their firms' relations with:
answer
A) employees. B) owners. C) customers. D) the community. E) all of the above
question
Managers consider social responsibility:
answer
on a daily basis.
question
All of the following are arguments against social responsibility except:
answer
businesses have the financial resources to help society.
question
All of the following are arguments in favor of social responsibility except:
answer
businesses may lose their focus on profit-making.
question
Businesses must first be responsible to:
answer
owners.
question
A business's responsibilities to its owners and investors include:
answer
protecting the owners' rights and investments. B) maintaining proper accounting procedures. C) providing all relevant information about current and projected performance of the firm. D) maximizing their investment in the firm. E) all of the above
question
Many of the laws regulating safety in the workplace are enforced by:
answer
OSHA.
question
The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers are known as:
answer
consumerism.
question
Writing emails to companies, posting complaints online, lobbying government agencies, and boycotting irresponsible companies are activities involved with which social responsibility issue?
answer
Consumer relations
question
Which right assures the fair treatment of consumers who voice complaints about a purchased product?
answer
The right to be heard
question
The assurance of satisfactory quality and service at a fair price is part of a consumer's right to:
answer
choose.
question
Which of the following is not highlighted in John F. Kennedy's 1962 consumer bill of rights?
answer
The right to minimum prices
question
One of the most important things companies can do to curb global warming is reduce greenhouse gas emissions. Of the options below, which is NOT a good way to reduce daily carbon and greenhouse gas output?
answer
keeping the air conditioner running all summer long