Business 1 - Introduction to Business » Spring 2020 » Chapter 4 Quiz
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Business 1 - Introduction to Business ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
Obeying the law is ________ ethical behavior.
A.
unlikely to lead to
B.
the first step toward
C.
essentially the same as
D.
the opposite of
Question #2
Corporate social responsibility describes the firm's
A.
commitment to a management training program.
B.
concern for the welfare of society.
C.
exclusive responsibility to its stockholders.
D.
ability to plan for the unexpected.
Question #3
When working with international firms, U.S. businesses
A.
feel that their responsibility is limited to the United States.
B.
expect socially responsible behavior from their business partners.
C.
tend to ignore the ethics of their international partners.
D.
try to avoid judging our international business partners by U.S. standards.
Question #4
Ethical dilemmas in business
A.
define us as being moral absolutists or moral situationalists.
B.
always end up bringing out the best in us.
C.
force us to make poor choices.
D.
often force us to choose between equally unsatisfactory alternatives.
Question #5
The boxed material entitled Reaching Beyond Our Borders that told the story about Joe, the telecommunication employee, suggests that U.S. firms operating overseas are
A.
not as flexible on social issues as local employees would like them to be.
B.
exploiting employees by working them long hours at low pay.
C.
responding to their stockholders' desire for profits.
D.
complying with the ethical standards of the people they employ, in the countries in which they are operating.
Question #6
As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example of
A.
corporate philanthropy differences in different countries.
B.
differences in corporate social initiatives in foreign nations.
C.
the need for whistleblowers abroad.
D.
social responsibility differences between similar firms, but in different countries.
Question #7
When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.
A.
corporate policy
B.
social auditing
C.
corporate philanthropy
D.
corporate social initiative
Question #8
One factor causing businesses to vigorously enforce ethical standards is the
A.
focus on criminal penalties.
B.
fear of negative publicity.
C.
desire to eliminate employee turnover.
D.
evasion of social audit measurements.
Question #9
When it comes to social responsibility, some people feel that "before you can do good, you must do well." This reflects a firm's primary responsibility to its
A.
investors.
B.
community
C.
customers.
D.
employees.
Question #10
The social audit is
A.
a recent development that creates a ratio to compare a firm's corporate philanthropy to its profits.
B.
a company evaluation that measures the firm's social contributions inside and outside of the firm.
C.
a government-mandated report required of all firms that have a business license.
D.
a company report that always includes a net social contribution.
Question #11
Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of
A.
new age realism.
B.
situational ethics.
C.
moral absolutes.
D.
the Golden Rule.
Question #12
Which of the following questions can help us avoid a decision that would injure our self-esteem?
A.
Is it balanced?
B.
How will it make me feel about myself?
C.
Is it legal?
D.
How can I avoid taking the blame?
Question #13
Laws represent the standards of ________ behavior.
A.
legal
B.
ethical
C.
moral
D.
socially responsible
Question #14
A(n) ________-based ethics code defines corporate values, creates a supportive environment, and stresses shared accountability among employees.
A.
integrity
B.
corporate responsibility
C.
compliance
D.
social
Question #15
An ethical dilemma refers to a situation where you must
A.
balance the concerns of profit and legality.
B.
treat someone unfairly.
C.
choose between a correct and an incorrect option.
D.
choose between equally unsatisfactory alternatives.
Question #16
Which of the following is an unresolved ethical issue that surrounds global trade?
A.
Time to market issues
B.
Labor standards
C.
Transportation issues
D.
Product quality
Question #17
________ refers to standards of moral behavior.
A.
Legality
B.
Integrity
C.
Responsibility
D.
Ethics
Question #18
A recent study revealed that most Americans have
A.
few moral absolutes.
B.
a great desire to help their community.
C.
a strong desire to do what is right.
D.
strong moral values.
Question #19
Which of the following is a reason why a business should be managed ethically?
A.
There are strict global regulations require it.
B.
It's the law in the U.S.
C.
It's the right thing to do.
D.
Your employees demand it.
Question #20
The green movement
A.
has created jobs.
B.
will never benefit a firm financially.
C.
is benefiting all firms financially.
D.
is not a good strategic consideration for contemporary firms.
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Business 1 - Introduction to Business ] course for $25 USD.
Existing Quiz Clients Login here