Introduction to Business

Section 2: Social Responsibility

Self-Checks

1
Social responsibility is the duty to do what is best for the good of ______ .
A)customers
B)society
C)employees
D)shareholders
2
The social responsibility of business takes into consideration all that business ______ to solve the problems of society.
A)does
B)does and does not do
C)does not do
D)should do
3
When businesses are committed to following ethical standards, ethics are an ______ part of their business practices.
A)active
B)oblivious
C)integral
D)unimportant
4
The Federal Trade Commission is concerned with ______ .
A)product safety
B)workplace safety
C)trade barriers
D)securities trading
5
Fair competition is a major component of a ______ economy.
A)central
B)market
C)command
D)robust
6
When a firm does not have to compete, its productivity ______ .
A)decreases
B)increases
C)deflates
D)inflates
7
If a company treats workers fairly, it is likely to have ______ turnover.
A)concentrated
B)low
C)high
D)scattered
8
The ______ requires that men and women be paid the same wages for doing equal work.
A)American Pay Act
B)Equal Rights Act
C)Equal Pay Act
D)Pay Equity Act
9
Rules that protect the environment and control pollution are enforced by the Environmental ______ Agency.
A)Parity
B)Pollution
C)Participation
D)Protection
10
One goal of the Sarbanes-Oxley Act is to insure that companies keep ______ accounting records.
A)accurate
B)erroneous
C)additional
D)limited
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