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Ethics and Social Responsibility

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of these is not a BRIC country, the engines of future world economic growth?

a)

Britain

b)

Russia

c)

India

d)

China

2.

What is social responsibility?

a)

Developing and promoting environmentally sound products and practices to gain a competitive edge

b)

Doing business to meet the needs of the current generation, without harming the ability of future generations to meet their needs

c)

The protection deliberately or promotion of the interests of consumers

d)

An ethical theory, in which individuals are accountable for fulfilling their civic duty

3.

Which of these is not a key reason for international trade?

a)

Access to factors of production

b)

Reduced risk

c)

Lesser costs of shipping

d)

Inflow of innovation

4.

What are universal ethical standards?

a)

Ethical norms that apply to people across a broad spectrum of situations

b)

A set of beliefs about what is right or wrong, or good and bad

c)

Decisions that involve a conflict of values

d)

Application of right and wrong, good and bad, in a business setting

5.

Which if these market development questions has the lowest risk, yet also the least control?

a)

Licensing

b)

Exporting

c)

Direct Investment

d)

Franchising

6.

What did the Sarbanes-Oxley Act do?

a)

Set a formal written document that defines the ethical standards of an organization

b)

Required evaluation of how well a firm is meeting its ethics and social responsibility goals

c)

Limited the amount of carbon dioxide and other carbon compounds emitted due to the consumption of fossil fuels by businesses

d)

Set higher ethical standards for public corporations and accounting firms

7.

Which of these is a sociocultural difference?

a)

Inflation

b)

Standard of Living

c)

Language

d)

Importing and Exporting

8.

What are stakeholders?

a)

Business owners who believe that consumers should control the risks taken by the company

b)

Groups that have a stake in the performance and actions of an organization

c)

Employees who report their employer’s illegal or unethical behavior to either the authorities or the media

d)

People who are developing and promoting environmentally sound products and practices to gain a competitive edge

9.

Infrastructure includes transportation communication, energy, and finance.

a)

False

b)

True

10.

What is the World Bank's goal?

a)

To reduce poverty in the developing world

b)

To create a global, united and universal economic system

c)

To have enough room for millionaires to store their money

d)

To stop global warming