Societys primary method of enforcing its requirements regarding business behavior is through

Related Questions

• Q2:

  Business ethics refers to A) regulations and laws that guide companies in their business decisions. B) companies refraining from forming monopolies or restricting competition in any way. C) principles and standards that guide behavior in the business world. D) unique industry and professional factors that influence employees. E) the percentage of after-tax profits given to non-profit and community groups.

• Q3:

  To which of the following forms of business can the concept of social responsibility be applied? A) Large, public corporations B) Small, privately held corporations C) All forms of corporations D) Any form of business, from a sole proprietorship to a large corporation E) All businesses except those with less than 50 employees

• Q4:

  In the 1990s, employees turned to a more holistic approach to work and life, characterized by all of the following, except A) an interest in human and intellectual capital. B) finding a balance between work and personal responsibilities and time. C) trust in the workplace. D) a decrease in dual-working parent families. E) employee volunteerism in the community.

• Q5:

  The flatter organizational hierarchies brought about due to the economic instability of the 1980s and early 1990s caused all of the following except A) workforce reduction. B) increasing empowerment of lower level employees. C) more opportunities for outstanding employees to move into management. D) restructuring of the firm to focus on core competencies. E) focus on efficiency and economies of scale.

• Q6:

  Which of the following is not one of the four types of corporate social responsibility? A) Ethical B) Economic C) Environmental D) Legal E) Philanthropic

• Q7:

  Minimal responsibility primarily involves A) incorporating efforts in such a way as to benefit all stakeholders of the company. B) fulfilling social responsibilities including legal and ethical guidelines. C) addressing the compliance concerns of stakeholders in regards to legal and economic matters. D) trying to maximize stockholder wealth. E) satisfying the primary stakeholders regardless of the possible legal implications.

• Q8:

  In order for any social responsibility initiative to have strategic significance in a company, it must be fully supported and valued by A) top management. B) legislators who develop federal law and policy. C) government officials in the local area. D) the company's stockholders. E) non-profit groups who benefit from a company's philanthropic spending.

• Q9:

  When Benetton used convicted felons awaiting death sentences in a new advertising campaign, A) dialogue about high rates of violence increased nationwide. B) sales increased because people responded favorably to a company strong enough to address this controversial issue. C) Benetton received an award for its creative and socially aware ad campaign. D) there was very little impact on Benetton, its customers, or society in general. E) people were outraged and some companies responded by no longer carrying Benetton products.

• Q10:

  Which of the following best describes social responsibility? A) A corporation's rights, such as due process in a court of law, freedom of speech, and privacy B) Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders C) A company's attempt to maximize its profits in order to benefit stockholders D) All the policies of a company that promote ethical business practices E) All businesses except those with less than 50 employees

• Q11:

  Shortly after World War II, corporate managers A) were closely scrutinized by their boards of directors. B) possessed nearly unlimited power. C) had little decision-making authority over daily matters. D) rarely used the company's resources for reasons other than self-interest. E) were hired away from other firms on a regular basis.

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