Chapter 2 quiz: Intro to business – Flashcards
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Which of the following statements is true?
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a. All actions deemed unethical by society are also illegal. b. The concerns of what is legal and ethical do not change over time. c. The terms social responsibility and ethics should be used interchangeably. Selected: d. Companies can be both profitable and socially responsible.This answer is correct. e. Businesses whose sole objective is to earn profit may not consider their social responsibility
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A large number of _____ cases result in retaliation against the employee, even though the government has tried to take steps to protect workers and to encourage reporting of misconduct
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a. executive b. civil Selected: c. whistleblowingThis answer is correct. d. petty theft e. federal
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_____ has become a significant problem since the onset of the financial crisis in 2008.
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a. Corruption Selected: b. UnemploymentThis answer is correct. c. Whistleblowing d. Insider trading e. Lobbying
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The National Business Ethics Survey found that employees who feel pressured to compromise ethical standards view _____ as the greatest source of such pressure.
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a. CEOs b. shareholders and stakeholders c. clients Selected: d. top and middle managersThis answer is correct. e. coworkers
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_____ are payments, gifts, or special favors intended to influence the outcome of a decision
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a. BribesThis answer is correct. b. Emoluments c. Stipends d. Grants e. Recompenses
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According to the National Business Ethics Survey, _____ is the number one area of misconduct observed in the workplace.
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a. plagiarism b. discrimination Selected: c. abusive behaviorThis answer is correct. d. misuse of company time e. stealing
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Obeying the law is a business's _____.
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a. right b. choice c. economic responsibility Selected: d. legal responsibilityThis answer is correct. e. ethical responsibility
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_____ in particular have the opportunity to influence employees' actions.
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a. ManagersThis answer is correct. b. Subordinates c. Junior level employees d. Financiers e. Customers
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Which of the following acts includes a whistleblower bounty program?
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a. The Clayton Act b. The Sherman Antitrust Legislation c. The Celler-Kefauver Act d. The Hobbs Act Selected: e. The Dodd-Frank Act
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A set of formalized rules and standards that describes what a company expects of its employees is called a(n) ____.
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a. contractual capacity b. consumerist code c. moral philosophy d. social responsibility Selected: e. code of ethics
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The right to choose ensures that:
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a. consumers' interests will receive full and sympathetic consideration when the government formulates policy. b. consumers do not have to pay service taxes. c. consumers enjoy fair treatment if they voice complaints about a purchased product. d. consumers enjoy freedom to review complete information about a product before they buy it. Selected: e. consumers have access to a variety of goods and services at competitive prices.
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Being a "good corporate citizen" is an example of the _____ dimension of social responsibility.
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a. puritanical b. economic c. legal d. Selected: e. voluntary
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Open discussion of ethical issues:
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a. does not promote trust in an organization. Selected: b. does not eliminate ethical problems.This answer is correct. c. leads to more unethical practices. d. eliminates the process of resolving an issue. e. leads to a gridlock of a situation.
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Studies have found a direct link between social responsibility and _____ in business. Selected:
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a. profitabilityThis answer is correct. b. ethics c. declining stock prices d. happiness of stakeholders e. global warming
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If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical, such as engaging in accounting fraud or stealing a competitor's secrets, this would be an ethical issue related to:
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a. plagiarism. Selected: b. business relationships. c. communications. d. fairness and honesty. e. conflicts of interest.
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One of the most difficult things for a business to restore after an ethics scandal is:
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a. regulations. b. ethics training programs. Selected: c. trust.This answer is correct. d. codes of conduct. e. morale.
