Business Essentials - Ch. 4 Review

T/F: Social Responsibility is the duty of a business to succeed only for themselves

• True

• False

Protection from fires & other hazards falls under what Social Responsibility of business?

• Environmental protection

• Workplace Diversity

• Employee Wellness

• Job Safety

Which of the following is NOT a benefit of socially responsible businesses?

• Expanded justice for groups of a society

• Improved quality of life in a community and around the world

• Reduced need for government actions

• Costs of building repairs to remove risks

The rules of how businesses & their employees ought to behave is known as:

• Business Ethics

• Business Morals

• Ethical behavior

• Unethical behavior

Which of these does not need to be asked when facing an ethical situation in business?

• Is the action legal?

• Who is affected by the action and how?

• Will I benefit from choosing unethically?

• Does the action violate professional or company standards?

If a business has activities in two states or more, which level of government oversees it?

• Local govt.

• State govt.

• Federal govt.

• All of the above

When someone starts a new business, they should create a ____________ for their employees to set the rules over what they should or should not do when working.

• Staff Guidelines Book

• Code of Conduct

• Code of Ethics

• Ethics Guidelines Book

If a CEO of a business tells all of the employees they can only shop at stores that the CEO owns, this would be considered which of the following?

• Conflict of Ethics

• Conflict of Interest

• Unethical conduct

• All of the above

A business only performs its operations within the state of Kansas. Which level of government would be responsible to oversee this business's activities

• Federal govt.

• State govt.

• Local govt.

• All of the above

The two areas that government protection agencies get involved with are:

• Worker protection and Intrastate commerce

• Intrastate commerce and Contract enforcement

• Interstate and Intrastate commerce

• Worker protection and Contract enforcement