MKTG Unit 2 Practice Exam Flashcard

Front

Which of the following refers to the rules people develop as a result of cultural values and norms? Morals, Social-regulations, Self-regulations, Laws

Back

Laws

Front

Which of the following is true of an organization's code of ethics? It helps employees identify what their firm recognizes as acceptable business practices.

Back

It helps employees identify what their firm recognizes as acceptable business practices.

Front

The _____ was enacted because Congress was concerned about U.S. corporations' use of illegal payments and bribes in international business dealings.

Back

Foreign Corrupt Practices Act (FCPA)

Front

_____ states that social responsibility is paying attention to the interest of every affected stakeholder in every aspect of the firm's operation.

Back

Stakeholder theory

Front

The pyramid of corporate social responsibility

Back

states that a business is expected to do what is right in addition to making profits.

Front

When thinking about modes of social control, acceptance of standards established by advocacy groups and trade associations:

Back

is voluntary self-regulation by companies who wish to act ethically.

Front

In the context of modes of social control, _____ play(s) a key role in informing the public about the actions of individuals and organizations.

Back

the media

Front

The _____ is founded on the ability to predict the consequences of an action.

Back

utilitarian ethical theory

Front

Which of the following statements is true of a virtue?
Options:
It is a belief in time-and-place ethics.
It is a character trait valued as being good.
It is a legal standard of behavior for assessing the conduct of people.
It is a rule that developed as a result of cultural values and norms.

Back

It is a character trait valued as being good.

Front

___________ sustainability refers to the optimum utilization of assets so that a firm continues making profit in the long run.

Back

Economic