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 _____.
a. corporate auditor
b. government inspector
c. corporate lookout
Top managers demonstrate commitment to ethical business practices with _____.
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 _____.
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 _____.
Not yet answered
Marked out of 1
Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called _____.
c. consumer price indexing
Social responsibility toward employees includes _____.
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 _____.
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.
a. Social Responsibility
b. Social ethics
d. Business ethics
Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?
a. a margin purchase
b. insider trading
c. identity theft
Which of the following has NOT been identified as a basic consumer right?
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 _____.
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.
Financial mismanagement is _____.
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 _____.
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 _____.
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.
The systematic analysis of an organization’s success in using funds earmarked for its social responsibility goals is called a _____.
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.
The way in which a business tries to balance its commitments to groups and individuals in its social environment is called _____.
a. social responsibility
b. business ethics
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.
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