Test Bank for Business and Society, 11th Edition by O.C. Ferrell.pdf

DOWNLOAD THE Test Bank for Business Changing World 7th Edition Ferrell
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Chapterp02p-pBusinesspEthicspandpSocialpResponsibility


Chapter 02 B p p


usiness Ethics and Social Responsibility
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Truep/pFalsepQuestions


1. Businesspethicsprefersptopprinciplespandpstandardspthatpdeterminepacceptablepconductpinp
businessporganizations.
TRUE

Businesspethicsparepprinciplespandpstandardspthatpdeterminepacceptablepbehaviourpforpindividua
lspwithinpanporganizationpaspwellpasptheporganizationpatplarge.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pEasy
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
01pBusinesspEthicspandpSocialpResponsibility



2. Socialpresponsibilitypispanotherptermpforpethics.
FALSE

Socialpresponsibilitypispapbroadpconceptpthatpconsiderspthepimpactpofpanpentirepbusiness'spactiviti
esponpsocietypandpethicspreferptopanpindividual'sporpapworkpgroup'spdecisionspthatpsocietypevaluate
spasprightporpwrong.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pEasy
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
01pBusinesspEthicspandpSocialpResponsibility




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p p p p p p p p p p




Chapterp02p-pBusinesspEthicspandpSocialpResponsibility




3. Thepacceptabilitypofpbehaviorpofpapbusinessprestspsolelypwithpthepbusinesspitself.
FALSE

Thepacceptabilitypofpbehaviorpinpbusinesspispdeterminedpbypnotponlyptheporganization,pbutpalsops
takeholderspsuchpaspcustomers,pcompetitors,pgovernmentpregulators,pinterestpgroups,pandpthepp
ublic,paspwellpaspeachpindividual'sppersonalpprinciplespandpvalues.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pEasy
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
01pBusinesspEthicspandpSocialpResponsibility



4. Nearlypallpbusinesspdecisionspmaypbepjudgedpasprightporpwrong,pethicalporpunethical.
TRUE

Businesspdecisions,peitherpbyplawporpbypsociety,pwillpbepdeemedpanpacceptableppracticeporpnot.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pMedium
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
01pBusinesspEthicspandpSocialpResponsibility



5. Thepmostpbasicpethicalpconcernsphavepbeenpformalizedpthroughplawspandpregulationspthatpe
ncouragepconformityptopsociety'spvaluespandpnorms.
TRUE

ThepU.S.pCongressppassedpthepSarbanes-
OxleypActpandpthepOntario'spgovernmentpproclaimedpBillpC-
198pwhichpcriminalizedpsecuritiespfraudpaspwellpaspstiffenedpcorporatepfraud.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pMedium
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
01pBusinesspEthicspandpSocialpResponsibility




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p p p p p p p p p p




Chapterp02p-pBusinesspEthicspandpSocialpResponsibility




6. Onlypcorporationsphaveptopworrypaboutpethicspscandalspandpsocialpresponsibilitypissues.
FALSE

Ethicalpissuesparepnotplimitedptopfor-profitpcorporations,pbutpincludepgovernment,pnon-
profitspsuchpaspuniversities,psports,pandpindividuals.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pEasy
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
02pThepRolepofpEthicspinpBusiness



7. ThepOccupypMovementpwaspconsideredpapglobalpprotestpagainstpthepprivatepownershippofpr
esourcespandpthepresultingpunderminingpofpdemocracy.
FALSE

ThepOccupypMovementpcanpbepdescribedpaspapglobalpprotestpagainstpsocialpandpeconomicpinequa
lity.pThepprotestorspbelievepthatpglobalpcorporations,pespeciallypfinancialpinstitutionspandpwealth
ypindividuals,phavepanpunfairpinfluencepinppoliticspleadingptopeconomicpandpsocialpproblemspthatp
underminepdemocracy.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pMedium
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
02pThepRolepofpEthicspinpBusiness



8. Businesspethicsparepthepsamepasplegalpissues.
FALSE

Businesspethicspgopbeyondplegalpissuespbypbuildingptrustpamongpindividualspandpinpbusinessprelations
hips,pwhichpvalidatespandppromotespconfidencepamongpthoseprelationships.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pEasy
LearningpObjective:p02-
01pDefinepbusinesspethicspandpsocialpresponsibility,pandpexamineptheirpimportance.p Topic:p02-
02pThepRolepofpEthicspinpBusiness




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p p p p p p p p p p




Chapterp02p-pBusinesspEthicspandpSocialpResponsibility




9. Onepofpthepprincipalpcausespofpunethicalpbehaviourpinporganizationspispoverlypaggressivepf
inancialporpbusinesspobjectives.
TRUE

Overlypaggressivepfinancialpobjectivespcanpsetpapmanagerpuppforpfailure,ptemptingpthemptopc
rossptheirp"ethicalpboundary"pinporderptopbepsuccessful.pUnrealisticpandpoverlypaggressivepg
oalspcanptemptpanpemployeeptopbehavepinpwayspthatparepunethical.


Accessibility:pKeyboardpNavigationp Bloo
ms:pRemember
Difficulty:pEasy
LearningpObjective:p02-
02pDetectpsomepofpthepethicalpissuespthatpmayparisepinpbusiness.p Topic:p02-
02pThepRolepofpEthicspinpBusiness



10. Knowingpthepdifferencepbetweenprightpandpwrongpispuniversalpandpindependentpofpculturalpa
ssociation.
FALSE

Ethicspispalsoprelatedptopthepculturepinpwhichpapbusinesspoperates.pInpCanada,pforpexample,pitpwoul
dpbepinappropriatepforpapbusinesspersonptopbringpanpelaboratelypwrappedpgiftptopapprospectivepcli
entponptheirpfirstpmeeting—thepgiftpcouldpbepviewedpaspapbribe.


Accessibility:pKeyboardpNavigationp Bloo
ms:pUnderstand
Difficulty:pMedium
LearningpObjective:p02-
02pDetectpsomepofpthepethicalpissuespthatpmayparisepinpbusiness.p Topic:p02-
03pRecognizingpEthicalpIssuespinpBusiness




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