Test bank for business changing world 7th edition ferrell

DOWNLOAD THE Test Bank for Business Changing World 7th Edition Ferrell
n n n n n n n n n n




Chaptern02n-nBusinessnEthicsnandnSocialnResponsibility


Chapter 02 n n


Business Ethics and Social Responsibility
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Truen/nFalsenQuestions


1. Businessnethicsnrefersntonprinciplesnandnstandardsnthatndeterminenacceptablenconductninnb
usinessnorganizations.
TRUE

Businessnethicsnarenprinciplesnandnstandardsnthatndeterminenacceptablenbehaviournforni
ndividualsnwithinnannorganizationnasnwellnasnthenorganizationnatnlarge.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nEasy
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
01nBusinessnEthicsnandnSocialnResponsibility



2. Socialnresponsibilitynisnanotherntermnfornethics.
FALSE

Socialnresponsibilitynisnanbroadnconceptnthatnconsidersnthenimpactnofnannentirenbusiness'snactiviti
esnonnsocietynandnethicsnreferntonannindividual'snornanworkngroup'sndecisionsnthatnsocietynevaluate
snasnrightnornwrong.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nEasy
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
01nBusinessnEthicsnandnSocialnResponsibility




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Chaptern02n-nBusinessnEthicsnandnSocialnResponsibility




3. Thenacceptabilitynofnbehaviornofnanbusinessnrestsnsolelynwithnthenbusinessnitself.
FALSE

Thenacceptabilitynofnbehaviorninnbusinessnisndeterminednbynnotnonlynthenorganization,nbutnalsons
takeholdersnsuchnasncustomers,ncompetitors,ngovernmentnregulators,ninterestngroups,nandnthenp
ublic,nasnwellnasneachnindividual'snpersonalnprinciplesnandnvalues.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nEasy
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
01nBusinessnEthicsnandnSocialnResponsibility



4. Nearlynallnbusinessndecisionsnmaynbenjudgednasnrightnornwrong,nethicalnornunethical.
TRUE

Businessndecisions,neithernbynlawnornbynsociety,nwillnbendeemednannacceptablenpracticenornnot.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nMedium
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
01nBusinessnEthicsnandnSocialnResponsibility



5. Thenmostnbasicnethicalnconcernsnhavenbeennformalizednthroughnlawsnandnregulationsnthatne
ncouragenconformityntonsociety'snvaluesnandnnorms.
TRUE

ThenU.S.nCongressnpassednthenSarbanes-
OxleynActnandnthenOntario'sngovernmentnproclaimednBillnC-
198nwhichncriminalizednsecuritiesnfraudnasnwellnasnstiffenedncorporatenfraud.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nMedium
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
01nBusinessnEthicsnandnSocialnResponsibility




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Chaptern02n-nBusinessnEthicsnandnSocialnResponsibility




6. Onlyncorporationsnhaventonworrynaboutnethicsnscandalsnandnsocialnresponsibilitynissues.
FALSE

Ethicalnissuesnarennotnlimitedntonfor-profitncorporations,nbutnincludengovernment,nnon-
profitsnsuchnasnuniversities,nsports,nandnindividuals.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nEasy
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
02nThenRolenofnEthicsninnBusiness



7. ThenOccupynMovementnwasnconsiderednanglobalnprotestnagainstnthenprivatenownershipnofnr
esourcesnandnthenresultingnunderminingnofndemocracy.
FALSE

ThenOccupynMovementncannbendescribednasnanglobalnprotestnagainstnsocialnandneconomicninequa
lity.nThenprotestorsnbelieventhatnglobalncorporations,nespeciallynfinancialninstitutionsnandnwealthy
nindividuals,nhavenannunfairninfluenceninnpoliticsnleadingntoneconomicnandnsocialnproblemsnthatnu

nderminendemocracy.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nMedium
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
02nThenRolenofnEthicsninnBusiness



8. Businessnethicsnarenthensamenasnlegalnissues.
FALSE

Businessnethicsngonbeyondnlegalnissuesnbynbuildingntrustnamongnindividualsnandninnbusinessnr
elationships,nwhichnvalidatesnandnpromotesnconfidencenamongnthosenrelationships.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nEasy
LearningnObjective:n02-
01nDefinenbusinessnethicsnandnsocialnresponsibility,nandnexaminentheirnimportance.nTopic:n02-
02nThenRolenofnEthicsninnBusiness




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Chaptern02n-nBusinessnEthicsnandnSocialnResponsibility




9. Onenofnthenprincipalncausesnofnunethicalnbehaviourninnorganizationsnisnoverlynaggressivenf
inancialnornbusinessnobjectives.
TRUE

Overlynaggressivenfinancialnobjectivesncannsetnanmanagernupnfornfailure,ntemptingnthemntonc
rossntheirn"ethicalnboundary"ninnorderntonbensuccessful.nUnrealisticnandnoverlynaggressiveng
oalsncanntemptnannemployeentonbehaveninnwaysnthatnarenunethical.


Accessibility:nKeyboardnNavigation
nBlooms:nRemember
Difficulty:nEasy
LearningnObjective:n02-
02nDetectnsomenofnthenethicalnissuesnthatnmaynariseninnbusiness.nTopic:n02-
02nThenRolenofnEthicsninnBusiness



10. Knowingnthendifferencenbetweennrightnandnwrongnisnuniversalnandnindependentnofnculturalna
ssociation.
FALSE

Ethicsnisnalsonrelatedntonthencultureninnwhichnanbusinessnoperates.nInnCanada,nfornexample,nitnw
ouldnbeninappropriatenfornanbusinesspersonntonbringnannelaboratelynwrappedngiftntonanprospect
ivenclientnonntheirnfirstnmeeting—thengiftncouldnbenviewednasnanbribe.


Accessibility:nKeyboardnNavigation
nBlooms:nUnderstand
Difficulty:nMedium
LearningnObjective:n02-
02nDetectnsomenofnthenethicalnissuesnthatnmaynariseninnbusiness.nTopic:n02-
03nRecognizingnEthicalnIssuesninnBusiness




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