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BM Chapter 2 Review Flashcards | StudBud
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BM Chapter 2 Review
BM Chapter 2 Review
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Review for your Chapter 2 Test!
Flashcards
23 cards
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Questions
23
Answers
1
During a meeting Nick voluntarily points out a potential problem with a product. He has shown
Integrity
Disloyalty
Lack of morals
Loyalty
2
In todays business environment, who can make the difference in ethical expectations & behavior?
nobody
only the CEO
only top-level managers
everyone
3
Discrimination based on gender...
Is known as sexism
Is known as sexual harassment
Is to be expected in a culturally diverse workforce
4
Consumer rights include all of the following EXCEPT the right to...
be informed
be heard
choose
boycott
5
At the federal level, the ____ investigates illegal behavior for publicly traded firms (ones that sell stocks).
EEOC
SEC
OSHA
HHS
6
Businesses exercise social responsibility for all of the following reasons EXCEPT...
Profits are guaranteed
The company's image is enhanced
Management believes it is the ethical course of action.
Stakeholders expect it
7
Which federal agency is responsible for setting workplace health and safety standards?
FDA
FTC
OSHA
FCC
8
The federal agency in charge of ending discrimination in the workplace is...
EEOC
FTC
SEC
EPA
9
Companies that adhere to high ethical standards...
Always make lower profits
Always make higher profits
Often make poorer investments in the long run
Often make better investments in the long run
10
Employees should be always be loyal, regardless of the situation.
True
False
11
Reprocessing used materials so that they can be reused is known as...
Recycling
Rotation
Ecology
Conversation
12
Businesses should.....
find the balance btw doing whats right and whats profitable
do whatever is in the company's best interests
do whatever is profitable
do what is right regardless of profits
13
Jill knows a defect in a product she sells & will disclose the defect only if asked. She lacks
truthfulness
loyalty
integrity
whistle-blowing
14
How should a business person deal with a conflict of interest?
send an email to their manager
disclose it or avoid it
report it only to close friends
ignore it
15
When management considers social and economic issues in decision making, the company is showing
social welfare
social responsibility
consumerism
business ethics
16
Embellishing your resume shows a lack of _______ and ________
honesty and integrity
honesty and loyalty
integrity and loyalty
competence and loyalty
17
Businesses have responsibilities to...
Investors and customers
investors only
investors, customers, and employees
investors, customers, employees, and society
18
Which of the following is not a factor in determining an individual's ethical development?
experiences
religion
culture
They are all a factor
19
A formal statement that shows how the organization expects employees to solve ethical questions
A code of conduct
Social responsibility statement
An ethical environmental statement
An organizational culture
20
Social and ethical issues are a bigger concern in smaller companies than larger companies.
False
True
21
Managers who behave unethically...
Influence employees to do the same
Are commonly reported by employees
Are more likely to be promoted
Enforce the code of conduct
22
Which of the following is not an example of unethical or illegal acts in the workplace?
Whistle-blowing
Misreporting time on the job
Internet abuse
Safety Violations
23
All of the following are examples of corporate philanthropy EXCEPT
sponsoring a Red Cross blood drive
supporting the local public radio station
paying local property taxes
giving employees time to participate in volunteer activities
