Ch 2 OpenStax Homework

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Question #1

The major difference between a good and a service is how the producer uses the factors of production to create each.

A False

B True

Question #2

During a two-month period Lladro Comercial, S.A., the manufacturer of handcrafted porcelains, donated ten percent of its retail profits to the Susan G. Komen Breast Cancer Foundation. The action was legal and ethical and allowed the company to still be profitable. According to the pyramid of corporate social responsibility, it was acting at the _____ responsibilities level.

A cultural

B corporate

C philanthropic

D societal

E ethical

Question #3

In the chocolate market, Green & Black is acting at the _____ responsibilities level of the pyramid of corporate social responsibility when it makes a profit, does so by abiding by the laws, and helps cocoa farmers by agreeing to pay above-market prices for cocoa.

A cultural

B stakeholder

C ethical

D corporate

E societal

Question #4

A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.

A cultural

B ethical

D stakeholder

E societal

F corporate

Question #5

Laws have curtailed smoking, and as a result, the sale of cigarettes is down. Rather than fighting the law, the cigarette industry is looking for ways to take their business beyond cigarettes. Many experts believe that the cigarette producers have found a way around the law with the promotion and distribution of smokeless tobacco, which has shown consistent sales gains over the last decade. In terms of the social responsibility pyramid, at which level is the cigarette industry operating?

A economic

B legal

C stakeholder

D philanthropic

E ethical

Question #6

It has been alleged that a Coca-Cola water bottling plant in India has caused illegal water shortages in fifty villages that surround the bottler. If this accusation is true, than Coke was operating at which stage of the social responsibility pyramid?

A economic

B stakeholder

C legal

D philanthropic

E ethical

Question #7

A homebuilder who disposes of asbestos shingles by burying them on his own property may please the home owner because it is a less expensive means of disposal but will be punished by various legal agencies if any become aware of his crime. At which stage of the social responsibility pyramid is the builder most likely operating?

A philanthropic

B legal

C economic

D ethical

E stakeholder

Question #8

A company has achieved the level of _____ responsibilities when it has met its ethical, legal, and economic responsibilities.

A societal

B global

C altruistic

D philanthropic

E munificent

Question #9

U.S. Steel has established an alcoholic rehabilitation program for the city of Pittsburgh. The company provides the facilities and the personnel to operate the program. U.S. Steel is practicing:

A macroeconomics

B social responsibility

C social welfare

D environmental services

E the marketing concept

Question #10

Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart’s size gives it a unique opportunity to improve the fishing industry. This concern for _____ is one of many initiatives Wal-Mart is introducing to improve our environment.

A consumerism

B macroeconomics

C social responsibility

D stakeholder satisfaction

E organizational culture issues

Question #11

_____ is the concern of businesses for the welfare of society as a whole.

A Consumerism

B Business morality

C Social responsibility

D Business ethics

E The marketing concept

Question #12

The _____ for the Music Teacher’s National Associations establishes a standard of conduct and recommends a set of responsibilities teachers should have toward students, colleagues and the public. These guidelines assist the professional music teacher in gaining the respect of peers and avoiding conflicts and complaints with students and others. It points out to members what are and what are not considered fair, honest and reasonable practice when dealing with students, colleagues and the public, it provides guidance for such aspects as advertising practices, appropriate relationships, and personal and professional integrity.

A ethical oath

B moral guidelines

C ethical covenant

D educational standards

E code of ethics

Question #13

Criticism of South Africa’s post-apartheid government contends that the new government has not extended liberties to its black majority population, but has instead concentrated on proving to a white minority that a black-run administration can govern a reasonably sophisticated economy and society. The belief that the new South African government is behaving unethically is an expression of the philosophy associated with:

A social responsibility

B distributive justice

C consumerism

D preconventional morality

E utilitarianism

Question #14

Mamma’s Diner was a small restaurant that was a popular hangout for many Bedford College students, but because of the owner’s inability to make the bathroom stalls handicapped accessible for the one wheel-chair student on campus, it was forced to close down. The belief that this it was morally wrong to deprive the majority of the people of this experience is an expression of the philosophy associated with:

A distributive justice

B preconventional morality

C consumerism

D social responsibility

E utilitarianism

Question #15

Which of the following statements about utilitarianism is true?

A Utilitarianism is a legal concept—not an ethical one.

B Utilitarianism is designed to create both winners and losers.

C The application of the utilitarianism concept will only produce winners.

D There are no negative costs associated with utilitarianism.

E Using utilitarianism, a manager can accurately calculate how his or her decision will affect the majority of its stakeholders.

Question #16

Which of the following statements about utilitarianism is true?

A Utilitarianism is concerned with providing for the needs of the minorities.

B Utilitarianism holds that an action that affects the majority adversely is morally wrong.

C The concept of utilitarianism supports affirmative action programs.

D Utilitarianism is primarily concerned with the legal aspects of business decisions.

E None of the above statements about utilitarianism is true.

Question #17

_____ is a philosophy that focuses on the consequences of an action to determine whether it is right or wrong. This philosophy holds that an action that affects the majority adversely is morally wrong.

A Utilitarianism

B Distributive justice

C Social responsibility

D Consumerism

E Preconventional morality

Question #18

Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself or turn it into the mall’s lost and found department involves:

A cultural awareness

B the marketing concept

C social reciprocity

D ethics

E consumerism

Question #19

_____ is the set of moral standards for judging whether something is right or wrong.

A The marketing concept

B Social responsibility

C Ethics

D Consumerism

E Legality

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Ch 2 OpenStax Homework

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