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BBA131 Chapter 2 quiz

An employee who detects and tries to put an end to a company’s unethical, illegal, and/or socially irresponsible actions by publicizing them is referred to as a _____.

Select one:

a. corporate auditor

b. government inspector

c. corporate lookout

d. whistle-blower

Top managers demonstrate commitment to ethical business practices with _____.

Select one:

a. decentralized decision making practices

b. the adoption of written codes of ethics

c. the competition from other companies

d. collusion with other companies

Organizational stakeholders can best be defined as _____.

Select one:

a. the officers and key employees of an organization

b. individuals and businesses that own stock in a company

c. the competition of the business

d. individuals and groups that are directly affected by the practices

When two or more firms agree to collaborate on wrongful acts, it is referred to as _____.

Select one:

a. brokering

b. collusion

c. monopolizing

d. consumerism

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Question text

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called _____.

Select one:

a. conservation

b. consumerism

c. consumer price indexing

d. collusion

Social responsibility toward employees includes _____.

Select one:

a. recruiting fairly

b. all of the answers are correct

c. promoting fairly

d. hiring fairly

Responding to increased demand with overly steep, and often unwarranted, price increases is called _____.

Select one:

a. price matching

b. price gouging

c. price fixing

d. unit pricing

_____ refers to ethical or unethical behaviors by employees in the context of their jobs.

Select one:

a. Social Responsibility

b. Social ethics

c. Collusion

d. Business ethics

Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?

Select one:

a. a margin purchase

b. insider trading

c. identity theft

d. collusion

Which of the following has NOT been identified as a basic consumer right?

Select one:

a. Consumers have a right to choose what they buy.

b. Consumers have a right to low prices.

c. Consumers have a right to be informed about a product.

d. Consumers have a right to safe products.

The Sarbanes-Oxley Act of 2002 requires that _____.

Select one:

a. the chief financial officer engage in creative accounting

b. the chief financial officer engage in strategic management

c. the chief financial officer prevent insider trading

d. the chief financial officer guarantee the accuracy of financial reporting

Firms that adopt an _____ stance to social responsibility meet their legal requirements and exceed legal minimums when specifically asked.

Select one:

a. proactive

b. defensive

c. obstructionist

d. accommodative

Financial mismanagement is _____.

Select one:

a. unethical and illegal

b. illegal but not necessarily unethical

c. unethical but not necessarily illegal

d. ethical and legal

In maintaining and reporting its financial status, every corporation must _____.

Select one:

a. conform to generally accepted accounting principles (GAAP)

b. purchase stocks on margin

c. support increased stock prices for shareholders

d. use creative accounting practices

Behavior that conforms to individual beliefs and social norms about what is right and good is referred to as _____.

Select one:

a. unethical behavior

b. corporate confidence

c. ethical behavior

d. social responsibility

In the United States, tobacco companies are legally required to include warnings to smokers on their products and to limit advertising to prescribed media. Within the U.S., they follow these rules but use more aggressive methods in countries with no such rules. As such, tobacco companies typically adopt a _____ stance to social responsibility in marketing their products.

Select one:

a. accommodative

b. proactive

c. obstructionist

d. defensive

The systematic analysis of an organization’s success in using funds earmarked for its social responsibility goals is called a _____.

Select one:

a. community activism check

b. government initiative

c. governmental mandate

d. social audit

In a _____ stance to social responsibility, a company actively seeks opportunities to contribute to the well being of groups and individuals in its social environment.

Select one:

a. obstructionist

b. defensive

c. proactive

d. accommodative

The way in which a business tries to balance its commitments to groups and individuals in its social environment is called _____.

Select one:

a. social responsibility

b. business ethics

c. socialization

d. corporate responsibility

Firms that have adopted an _____ stance to social responsibility have little regard for ethical conduct and will generally go to great lengths to hide wrongdoing.

Select one:

a. defensive

b. proactive

c. accommodative

d. obstructionist

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