Bus 100 - Chapter 2 practice quiz Questions with complete solution 2023/2024

Bus 100 - Chapter 2 practice quiz Questions with complete solution 2023/20241. Why did employment agencies make huge profits when grocery stores shut down because of Walmart moving into a neighborhood? a) higher unemployment b) lower prices c) higher profits d) increased pay; - correct answer a 2. Hiding information that could harm customers is ________. a) legal and ethical b) legal and unethical c) illegal and ethical d) illegal and unethical; - correct answer d 3. Companies that overwork their employees and allow for little life balance fail the social responsibility test. Which statement best describes these companies? a) They have the resources needed to tackle today's complex social issues. b) They feel that because business is a part of our society, they cannot ignore social issues. c) They feel corporate time, money, and talent should only be used to maximize profits. d) By helping resolve social issues, the business feels it can create a more stable environment. - correct answer c 4. Higher profits obligates a company to be socially responsible. Which statement best summarizes this obligation?