DC Intro to Biz - Module 2 Quiz

_____ are all the individuals or groups to whom a business has a responsibility.

• Stockholders
• Consumers
• Stakeholders
• Investors

Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself or turn it into the mall's lost and found department involves:

• consumerism
• ethics
• the marketing concept
• cultural awareness

Which of the following statements about utilitarianism is true?

• Utilitarianism is concerned with providing for the needs of the minorities.
• The concept of utilitarianism supports affirmative action programs.
• Utilitarianism holds that an action that affects the majority adversely is morally wrong.
• Utilitarianism is primarily concerned with the legal aspects of business decisions.

Another factor influencing business ethics is _____, or what is fair according to prevailing standards of society.

• equity
• utilitarianism
• validity
• justice

Which of the following is an example of an unethical business activity?

• The employee uses the company computer to check his results in a network auction.
• The employee did not report his supervisor for taking several illegal deductions on his income tax report.
• The employee told several jokes that demeaned Polish people.
• All of the above are examples of unethical business activities.

Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart's size gives it a unique opportunity to improve the fishing industry. This concern for _____ is one of many initiatives Wal-Mart is introducing to improve our environment.

• social responsibiity
• consumerism
• macroeconomics
• organizational culture issues

At the base of the corporate social responsibility pyramid is:

• philanthropic responsibilities
• economic responsibilities
• legal responsibilities
• responsibilities to stakeholders

In the chocolate market, Green & Black is acting at the _____ responsibilities level of the pyramid of corporate social responsibility when it makes a profit, does so by abiding by the laws, and helps cocoa farmers by agreeing to pay above-market prices for cocoa.

• societal
• cultural
• corporate
• ethical

Which of the following statements about social responsibility is true?

• Companies that exhibit corporate philanthropy are not acting socially responsible.
• The four components of the social responsibility pyramid are of equal importance.
• The federal government has written laws that require businesses to act socially responsible.
• The obligation that a business has to act socially responsible extends beyond the investors in the company to include workers, suppliers, consumers, and communities.

_____ is the practice of limiting investments to securities in companies that behave in accordance with the investor's beliefs about ethical and social responsibility.

• Corporate philanthropy
• Strategic giving
• Social investing
• Ethical financing