Business 001 - Introduction to Business » Spring 2022 » Ch 2 OpenStax Homework

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Question #1
_____ is the set of moral standards for judging whether something is right or wrong.
A.   Consumerism
B.   The marketing concept
C.   Legality
D.   Social responsibility
E.   Ethics
Question #2
Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself or turn it into the mall’s lost and found department involves:
A.   social reciprocity
B.   ethics
C.   the marketing concept
D.   consumerism
E.   cultural awareness
Question #3
_____ is a philosophy that focuses on the consequences of an action to determine whether it is right or wrong. This philosophy holds that an action that affects the majority adversely is morally wrong.
A.   Utilitarianism
B.   Distributive justice
C.   Preconventional morality
D.   Social responsibility
E.   Consumerism
Question #4
Which of the following statements about utilitarianism is true?
A.   Utilitarianism is primarily concerned with the legal aspects of business decisions.
B.   Utilitarianism is concerned with providing for the needs of the minorities.
C.   The concept of utilitarianism supports affirmative action programs.
D.   Utilitarianism holds that an action that affects the majority adversely is morally wrong.
E.   None of the above statements about utilitarianism is true.
Question #5
Which of the following statements about utilitarianism is true?
A.   Utilitarianism is designed to create both winners and losers.
B.   Utilitarianism is a legal concept—not an ethical one.
C.   Using utilitarianism, a manager can accurately calculate how his or her decision will affect the majority of its stakeholders.
D.   The application of the utilitarianism concept will only produce winners.
E.   There are no negative costs associated with utilitarianism.
Question #6
Mamma's Diner was a small restaurant that was a popular hangout for many Bedford College students, but because of the owner's inability to make the bathroom stalls handicapped accessible for the one wheel-chair student on campus, it was forced to close down. The belief that this it was morally wrong to deprive the majority of the people of this experience is an expression of the philosophy associated with:
A.   utilitarianism
B.   distributive justice
C.   preconventional morality
D.   social responsibility
E.   consumerism
Question #7
Criticism of South Africa's post-apartheid government contends that the new government has not extended liberties to its black majority population, but has instead concentrated on proving to a white minority that a black-run administration can govern a reasonably sophisticated economy and society. The belief that the new South African government is behaving unethically is an expression of the philosophy associated with:
A.   social responsibility
B.   utilitarianism
C.   consumerism
D.   distributive justice
E.   preconventional morality
Question #8
The _____ for the Music Teacher's National Associations establishes a standard of conduct and recommends a set of responsibilities teachers should have toward students, colleagues and the public. These guidelines assist the professional music teacher in gaining the respect of peers and avoiding conflicts and complaints with students and others. It points out to members what are and what are not considered fair, honest and reasonable practice when dealing with students, colleagues and the public, it provides guidance for such aspects as advertising practices, appropriate relationships, and personal and professional integrity.
A.   code of ethics
B.   ethical oath
C.   moral guidelines
D.   ethical covenant
E.   educational standards
Question #9
_____ is the concern of businesses for the welfare of society as a whole.
A.   Consumerism
B.   Business ethics
C.   Business morality
D.   Social responsibility
E.   The marketing concept
Question #10
Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart's size gives it a unique opportunity to improve the fishing industry. This concern for _____ is one of many initiatives Wal-Mart is introducing to improve our environment.
A.   organizational culture issues
B.   macroeconomics
C.   stakeholder satisfaction
D.   social responsibility
E.   consumerism
Question #11
U.S. Steel has established an alcoholic rehabilitation program for the city of Pittsburgh. The company provides the facilities and the personnel to operate the program. U.S. Steel is practicing:
A.   social responsibility
B.   environmental services
C.   social welfare
D.   the marketing concept
E.   macroeconomics
Question #12
A company has achieved the level of _____ responsibilities when it has met its ethical, legal, and economic responsibilities.
A.   global
B.   altruistic
C.   societal
D.   philanthropic
E.   munificent
Question #13
A homebuilder who disposes of asbestos shingles by burying them on his own property may please the home owner because it is a less expensive means of disposal but will be punished by various legal agencies if any become aware of his crime. At which stage of the social responsibility pyramid is the builder most likely operating?
A.   stakeholder
B.   ethical
C.   economic
D.   legal
E.   philanthropic
Question #14
It has been alleged that a Coca-Cola water bottling plant in India has caused illegal water shortages in fifty villages that surround the bottler. If this accusation is true, than Coke was operating at which stage of the social responsibility pyramid?
A.   stakeholder
B.   economic
C.   ethical
D.   legal
E.   philanthropic
Question #15
Laws have curtailed smoking, and as a result, the sale of cigarettes is down. Rather than fighting the law, the cigarette industry is looking for ways to take their business beyond cigarettes. Many experts believe that the cigarette producers have found a way around the law with the promotion and distribution of smokeless tobacco, which has shown consistent sales gains over the last decade. In terms of the social responsibility pyramid, at which level is the cigarette industry operating?
A.   ethical
B.   philanthropic
C.   legal
D.   stakeholder
E.   economic
Question #16
A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.
A.   societal
B.   cultural
C.     
D.   corporate
E.   stakeholder
F.   ethical
Question #17
In the chocolate market, Green & Black is acting at the _____ responsibilities level of the pyramid of corporate social responsibility when it makes a profit, does so by abiding by the laws, and helps cocoa farmers by agreeing to pay above-market prices for cocoa.
A.   corporate
B.   stakeholder
C.   ethical
D.   cultural
E.   societal
Question #18
During a two-month period Lladro Comercial, S.A., the manufacturer of handcrafted porcelains, donated ten percent of its retail profits to the Susan G. Komen Breast Cancer Foundation. The action was legal and ethical and allowed the company to still be profitable. According to the pyramid of corporate social responsibility, it was acting at the _____ responsibilities level.
A.   cultural
B.   ethical
C.   societal
D.   corporate
E.   philanthropic
Question #19
The major difference between a good and a service is how the producer uses the factors of production to create each.
A.   True
B.   False

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