Business Management: Real World Applications & Connections

Chapter 4: Ethics and Social Responsibility

Self-Assessment Quizzes



TRUE OR FALSE
Please answer the following questions as true or false.

1.

A business code of ethics is a set of unspoken guidelines about proper behavior in the workplace.
A)True
B)False
2.

Pricing, billing, and contracting practices are areas generally covered by a code of ethics.
A)True
B)False
3.

Performing a social audit can only hurt a company's reputation.
A)True
B)False
FILL IN THE BLANKS
The following questions require you to find the correct answer that should appear in the blank.

4.

A person faces _____ when it is not easy to decide what the correct course of action should be.
A)dismissal
B)an ethical dilemma
C)a code of ethics
D)a lawsuit
5.

False advertising is prohibited by the _____ act.
A)Wheeler-Lea
B)Sherman
C)Clayton
D)Food, Drug, and Cosmetic
6.

The National Environmental Policy Act created the _____ in 1969.
A)FDA
B)EPA
C)FCC
D)none of the above
CONNECT THE THEORIES OF SOCIAL RESPONSIBILITY
Match the theory of social responsibility listed in column to the statement that best represents it.

7.

Profit Maximization
A)Businesses have obligations to stakeholders.
B)Social issues are not the concern of businesses.
C)Businesses have obligations to their employees, creditors, and customers.
8.

Social Involvement
A)Businesses have obligations to stakeholders.
B)Social issues are not the concern of businesses.
C)Businesses have obligations to their employees, creditors, and customers.
9.

Trusteeship Management
A)Businesses have obligations to stakeholders.
B)Social issues are not the concern of businesses.
C)Businesses have obligations to their employees, creditors, and customers.
MULTIPLE CHOICE

10.

How can businesses support their employees' involvement in charitable organizations?
A)give time off to employees for volunteering
B)match employee donations to charitable causes
C)both
D)neither
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