Solution Manual for Foundations of Business 7th Edition by William M. Pride, ISBN 978-0357717943 Chapter 1-47

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Chapterg02gB

usinessgEthicsgAndgSocialgResponsibility



Trueg/gFalsegQuestions



1. Allgbusinessgdecisionsgcannotgbegjudgedgasgrightgorgwrong,gethicalgorgunethical.




True False


2. Angethicalgissuegisgangidentifiablegproblem,gsituation,gorgopportunitygthatgrequiresgagpersongorg
organizationgtogchoosegfromgamonggseveralgactionsgthatgmaygbegevaluatedgasgethicalgorguneth
ical.




True False


3. Co-
workersgandgsuperiorsgexertgsignificantgcontrolgovergyourgchoicesgatgworkgthroughgauthoritygand
gexample.



True False


4. Thegconceptgofgsocialgresponsibilitygisguniversallygaccepted.




True False




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5. Agbusiness'sgobligationsgtogitsgownersgandginvestorsgincludegmaintaininggpropergaccount
inggprocedures.


True False




MultiplegChoicegQuestions



6. Thegprinciplesgandgstandardsgthatgdeterminegacceptablegconductgingbusinessgorganizationsg
aregreferredgtogas




A. socialgresponsibility.
B. businessgstrategies.
C. businessgethics.
D. businessgstances.
E. corporategcitizenship.


7. Sarahgisgagmanagergwhogsupportsgethicsgandgcompliancegatghergcompanygbygclearlygcommunica
tinggcompanygexpectationsgforgethicalgbehaviorgtogallgemployees.gThisgexemplifies




A. tonegatgthegtop.
B. tonegthroughoutgthegcompany.
C. tonegatgthegbottom.
D. socialgresponsibility.
E. businessgethics.




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8. Whichgofgthegfollowinggstatementsgisgtruegregardinggbusinessgethicsgandgsocialgresponsibility?




A. Allgactionsgdeemedgunethicalgbygsocietygaregalsogillegal.
B. Thegconcernsgofgwhatgisglegalgandgethicalgdognotgchangegovergtime.
C. Thegtermsgsocialgresponsibilitygandgethicsgshouldgbegusedginterchangeably.
D. Companiesgcangbegbothgprofitablegandgsociallygresponsible.
E. Businessesgwhosegsolegobjectivegisgtogearngprofitgmaygnotgconsidergtheirgsocialgresponsibility.


9. Aglocalgpetgstore,gPalsgwithgPaws,gdonatesgagportiongofgeverygsalegtogpetgrescuesgingitsgcomm
unity.gThisgexhibitsgthegcompany's




A. businessgethics.
B. profitability.
C. businessgresponsibility.
D. irresponsibility.
E. socialgresponsibility.


10. Thegtermg
refersgtogagbusiness'sgobligationgtogmaximizegitsgpositivegimpactgandgminimize
gitsgnegativegimpactgongsociety.




A. socialgcitizenship
B. socialgstrategy
C. socialgethics
D. socialgresponsibility
E. socialgrule




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11. Howgdogthegtermsgbusinessgethicsgandgsocialgresponsibilitygdiffergfromgeachgother?




A. Businessgethicsgconcernsgthegimpactgofgthegentiregbusiness'sgactivitiesgongsociety,gwhereasgso
cialgresponsibilitygrelatesgtogangindividual'sgdecisionsgthatgsocietygevaluatesgasgrightgorgwron
g.
B. Businessgethicsgconcernsgthegimpactgofgthegentiregbusiness'sgactivitiesgongsociety,gwhereasgs
ocialgresponsibilitygrelatesgtogagworkggroup'sgdecisionsgthatgsocietygevaluatesgasgrightgorgwr
ong.
C. Businessgethicsgrelatesgtogangindividual'sgorgagworkggroup'sgdecisionsgthatgsocietygevaluate
sgasgrightgorgwrong,gwhereasgsocialgresponsibilitygconcernsgthegimpactgofgthegentiregbusin
ess'sgactivitiesgongsociety.
D. Businessgethicsgandgsocialgresponsibilitygcangbegusedginterchangeablygbecausegtheygmeang
thegsamegthing.
E. Businessgethicsgisgagbroadergconcept,gwhereasgsocialgresponsibilitygisgnarrower.


12. Theg Actgcriminalizedgsecuritiesgfraudgandgtoughenedgpenaltiesgforgcorporategfraud.




A. Dodd-Frank
B. FederalgTradegCommission
C. ForeigngCorruptgPractices
D. Sarbanes-Oxley
E. ShermangAntitrust


13. Whichgofgthegfollowingglawsgreformedgthegfinancialgindustrygandgofferedgconsumersgprotect
iongagainstgcomplexgand/orgdeceptivegfinancialgproducts?




A. thegGlass-SteagallgLegislation
B. thegDodd-FrankgAct
C. thegSarbanes-OxleygAct
D. thegClaytongAct
E. thegCeller-KefauvergAct




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