Mgmt Ch 5 Exam Questions With 100% Correct Answers 2024

Mgmt Ch 5 Exam Questions With 100% Correct Answers 2024 social obligation is the obligation of a business to meet its _________. A) social and technological responsibilities B) economic and social responsibilities C) technological and economic responsibilities D) economic and legal responsibilities - answerd) economic and legal responsibilities the ______ view of social responsibility holds that management's only social responsibility is to maximize profits. A) socioeconomic B) classical C) contemporary D) sociolegal - answerb) classical The most outspoken advocate of the classical view of social responsibility is economist and Nobel laureate _______. A) George Stigler B) Arthur F. Burns C) Homer Jones D) Milton Friedman - answerd) Milton Friedman Under the concept of social obligation, the organization does what is required by the _______. A) society B) stakeholders C) environment D) law - answerd) law The _____ view is that management's social responsibility goes beyond making profits to include protecting and improving society's welfare. A) sociotechnical B) socioeconomic C) sociolegal D) sociopolitical - answerb) socioeconomic When a firm advertises that it only uses recycled paper products it is _____. A) meeting its social obligation B) meeting its social screening requirements C) being socially responsive D) adopting green management - answerc) being socially responsive A U.S. business that provides on-site childcare facilities for employees is _____. A) being socially responsive B) fulfilling its social obligations C) adopting social screening D) practicing green management - answera) being socially responsive ____ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right and act in ways that are good for society. A) Social obligation B) Social responsibility C) Social screening D) Values-based management - answerb) social responsibility the aspect that differentiates social responsibility from other similar concepts is that it adds a(n) ________. A) ethical imperative B) legal imperative C) political imperative D) technical imperative - answera) ethical imperative In the United States a company that meets federal pollution control standards and does not discriminate in hiring, promotion, and pay is generally meeting its ________. A) social screening requirements B) green management requirements C) social obligation D) social responsibility - answerc) social obligation which of the following examples reflects a socially responsible action by an organization? A) Ford Motor Company became the first automaker to endorse a federal ban on sending text messages while driving. B) Apple has eliminated lead-lined glass monitors from its product line and pioneered reduced- sized packaging that leverages recyclable materials. C) Fed Ex provided the Federal Emergency Management Agency (FEMA) with a radio antenna to set up communications in the immediate aftermath of Hurricane Katrina. D) UPS has a company-wide policy that urges employees to volunteer during natural disasters and other crises. - answerb) apple has eliminated lead-lined glass monitors from its product line and pioneered reduced-sized packaging that leverages recyclable materials according to the _____ argument on social responsibility, businesses should be socially responsible because responsible