Chapter 2: Ethics and Social Responsibility of Business
Multiple Choice

1.  

When determining what is a right course of action, people should consider
absolutes or religious rules of conduct.
the law.
motives or intent.
all of the above.

2.  

Business decision-making involves considering the approval of
employees.
supervisors.
stakeholders.
all of the above.

3.  

Caveat emptor means
"Let the buyer beware."
"The public be damned."
"Only the shareholders matter."
"The customer is always right."

4.  

The Better Business Bureau is
an NPO.
an organization that maintains specific standards for business ethics.
an organization that addresses consumer complaints.
all of the above.

5.  

Which of the following is NOT a form of air pollution?
Smog
Acid rain
Airborne chemical wastes
Global warming.

6.  

Consumerism has made evident which of the following consumer rights?
The right to safe products
The right to product information
The right to choose certain products that may be dangerous or unhealthy
All of the above

7.  

The Surgeon General's warning was first posted on cigarette packages in
1959.
1965.
1972.
1996.

8.  

A consumer's right to be heard extends to
satisfaction with products.
satisfaction with services.
the freedom to malign companies and their products.
both "a" and "b."

9.  

Which of the following is NOT an irresponsible act against a company's investors?
Diverting earnings or assets
Misrepresenting the investment
Placing too high a priority on ethics and social responsibility
Overdoing the quest for profits

10.  

Which of the following is NOT among business's responsibilities toward employees?
Discrimination in hiring, firing, and promotion practices
Diversity initiatives that help to build understanding and respect for people's differences
Providing accommodations for persons with disabilities
Compliance with health and safety standards

11.  

OSHA's regulations extend to all of the following areas EXCEPT:
ergonomic stress.
life-threatening working conditions.
international working conditions.
discriminatory business practices.

12.  

The text explains that U.S. executives doing business abroad find which of the following legal and accepted practices in some foreign countries?
Bribery
Environmental abuse
Physical abuse of employees
Both "a" and "b."

13.  

Which of the following is NOT one of the governing principles proposed by Business Week to address privacy for e-consumers?
Online companies should disclose their information collecting practices.
Companies should alter Fair Information Practices regulations to fit their business needs.
Consumers should be given an "opt out" option.
Web users should have access to read and correct data collected on them.

14.  

The attempt to benefit from stock market fluctuations by using unpublicized information gained on the job is known as:
affirmative action.
discriminatory initiative.
insider trading.
all of the above.

15.  

Altruistic actions, such as donating money, time, goods or services to charitable, humanitarian, or educational institutions is known as:
an ethical dilemma.
philanthropy.
social auditing.
stake-holding.


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