Business and Society Exam Questions
Course Introduction
Business and Society explores the complex relationship between commercial enterprises and the broader social environment in which they operate. This course examines the ethical, legal, and social responsibilities of businesses, considering issues such as corporate social responsibility, stakeholder theory, and the impact of globalization on local communities and the environment. Students will analyze case studies to understand how businesses address social, ethical, and environmental challenges, and will be encouraged to develop critical perspectives on the role of businesses in shaping societal norms and public policy.
Recommended Textbook
Business Ethics Decision Making for Personal Integrity and 3rd Edition by Laura P. Hartman
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10 Chapters
800 Verified Questions
800 Flashcards
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Page 2
Chapter 1: Ethics and Business
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54837
Sample Questions
Q1) Ethical decision making in business is limited to major corporate decisions with dramatic social consequences.
A)True
B)False
Answer: False
Q2) Define values and discuss the element of corporate culture in detail.
Answer: In general,values can be thought of as those beliefs that incline us to act or to choose one way rather than another.
A company's core values,for example,are those beliefs and principles that provide the ultimate guide in its decision making.Individuals can have their own personal values and,importantly,institutions also have values.A corporation's "culture" is a way of saying that a corporation has a set of identifiable values that establish the expectations for what is "normal" within that firm.These norms guide employees,implicitly more often than not,to behave in ways that the firm values and finds worthy.One important implication of this is that an individual or a corporation's set of values may lead to either ethical or unethical result.The corporate culture at Enron,for example,seems to have been committed to pushing the envelope of legality as far as possible in order to get away with as much as possible in pursuit of as much money as possible.
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Chapter 2: Ethical Decision Making: Personal and Professional Contexts
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) The first step in making decisions that are ethically responsible is to consider all of the people affected by a decision,the people often called stakeholders.
A)True
B)False
Answer: False
Q2) The first step in the ethical decision-making process,when an individual is not presented with an issue from the start,is ____.
Answer: determining the facts
Explanation: The first step in making decisions that are ethically responsible is to determine the facts of the situation.
Q3) Give three examples each of social and institutional roles.
Answer: Some of our roles are social: friend,son or daughter,spouse,citizen,neighbor.Some are institutional: manager,teacher,student-body president.
Q4) Selecting the alternative that meets minimum decision criteria is known as ____.
Answer: satisficing
Explanation: We often select the alternative that satisfies minimum decision criteria, otherwise known as "satisficing."
Page 4
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Chapter 3: Philosophical Ethics and Business
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following focuses on the concept of business practices and what type of people these practices are creating?
A) Virtue ethics
B) Kantian ethics
C) Utilitarian ethics
D) Principle-based ethics
Answer: A
Q2) Which of the following traditions would support child labor if it produces better overall consequences than the available alternatives?
A) Virtue ethics
B) Deontological ethics
C) Utilitarianism
D) Classicism
Answer: C
Q3) The concept of a human or moral right is central to the utilitarian ethical tradition.
A)True
B)False
Answer: False
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Chapter 4: The Corporate Culture-Impact and Implications
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Lack of any generally accepted fundamental values for the organization is a clear sign of a "toxic" culture.
A)True
B)False
Q2) How does perception affect the culture within an organization?
Q3) How are leaders responsible for supporting ethical decision-making?
Q4) Explain how corporate culture and virtue ethics are related.
Q5) The _____ serves as an articulation of the fundamental principles at the heart of the organization and should guide all decisions without abridgment.
A) annual report
B) vision statement
C) mission statement
D) income statement
Q6) How is an ethical,effective leader different from an effective leader?
A) An ethical leader will take decisions based only on a set of rules.
B) An ethical leader will follow a set of rules regardless of consequences.
C) An ethical leader will empower the employees in decision making.
D) An ethical leader will achieve his or her goals through intimidation.
Q7) Describe how a values-based culture works.
Page 6
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Chapter 5: Corporate Social Responsibility
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) _____ is generally referred to as the responsibilities that a business has to the society in which it operates.
Q2) When a firm engages in socially responsible activities with a prime focus on reputation:
A) social responsibility tend to become a form of social marketing.
B) the measure of positive reputation gained is impossible to calculate.
C) profits have to be sacrificed for social causes.
D) it always loses employee loyalty.
Q3) The philanthropic model in which business support for a social cause is done because it is the right thing to do differs from the reputational version only in terms of the:
A) level of social good done.
B) underlying motivation.
C) reach of the social good done.
D) medium used.
Q4) In the _____ model of corporate social responsibility,social goals are brought into the core of a firm's business model,and economic goals are balanced against social goals.
Q5) Discuss the arguments between the economic model and stakeholder theory.
Q6) What is stakeholder theory?
Page 7
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Chapter 6: Ethical Decision Making: Employer
Responsibilities and Employee Rights
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) An organization,in an attempt to avoid discrimination suits filed against it,intentionally hires a lot of African-American women,and a few disabled people.Which of the following is most likely to occur?
A) The performance of the organization will increase.
B) The organization will win an award for equity.
C) There will be an increase in the number of diversity training sessions.
D) A white man or a woman will file a reverse discrimination suit.
Q2) A claim which states that people who 'pay' for wrongs are unfairly burdened and should not bear the responsibility for the acts of others,is opposing ____.
A) reverse discrimination
B) judicial activity within organizations
C) affirmative action
D) authoritative leadership
Q3) With regard to health and safety at workplace,_____ can be defined as the probability of harm.
A) obstacles
B) impediments
C) risks
D) barriers
Page 8
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Chapter 7: Ethical Decision Making: Technology and Privacy in
the Workplace
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) According to philosopher Patricia Werhane,for an individual to expect respect for her or his personal autonomy,that individual has a _____ to respect the autonomy of others.
Q2) An employer can resolve the concerns related to the "Hawthorne Effect" through:
A) notified, random monitoring.
B) consented, selective monitoring.
C) selective, notified monitoring.
D) random, anonymous monitoring.
Q3) Employers in all parts of the U.S.A.are prohibited from making employment decisions on the basis of weight,even if they are not in violation of the Americans with Disabilities Act (ADA).
A)True
B)False
Q4) Discuss the facts pertaining to laws against discrimination based on marital status.
Q5) Values that are fundamental across culture and theory are not hypernorms.
A)True
B)False
Q6) Outline the business reasons to limiting monitoring.
Q7) Briefly discuss the circumstances which violate an employee's privacy rights?
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Chapter 8: Ethics and Marketing
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) The _____ standard implies that unthoughtful people cannot be negligent,since one escapes liability by not actually thinking about the consequences of one's act.
Q2) According to the _____ approach,every purchase involves the informed consent of the buyer and therefore it is assumed to be ethically legitimate.
Q3) The simple situation in which two parties come together and freely agree to an exchange is ethically legitimate only prima facie because:
A) investigation proves that a simple exchange does not involve unethical situations.
B) a simple exchange involves the consent of both parties involved, which leaves no room for unethical acts.
C) certain conditions must be met before it can be concluded that autonomy has been respected and mutual benefit has been achieved.
D) exchange occurs on mutual consent and for mutual benefit, parties get involved in an exchange only if they see their benefit.
Q4) Explain what the ethical and the unethical means of influencing others include.What is its impact in advertising?
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Chapter 9: Business and Environmental Sustainability
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Estimates suggest that with present technologies,businesses can readily achieve at least a fourfold increase in efficiency,and perhaps as much as a tenfold increase.This can be achieved through the first principle of sustainability known as:
A) biomimicry.
B) eco-efficiency.
C) the cradle-to-cradle responsibility.
D) the take-make-waste model.
Q2) The _____ model does not differentiate natural resources from the other factors of production.
Q3) The Economic Development Approach suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic,ethical,and environmental sustainability.
A)True
B)False
Q4) Explain with an example,how eco-efficiency can be implemented on an individual and a business scale.
Q5) Discuss the challenges associated with the efficient market approach to environmental responsibilities.
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Chapter 10: Ethical Decision Making: Corporate
Governance, Accounting, and Finance
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54828
Sample Questions
Q1) _____ of the Sarbanes-Oxley Act addresses the disclosure of audit committee financial expert.
A) Section 404
B) Section 301
C) Section 407
D) Section 307
Q2) According to the COSO framework,which of the following is true of internal control?
A) It is not geared to the achievement of objectives in overlapping categories.
B) It can provide absolute assurance to an entity's board.
C) It is an end in itself, not a means to an end.
D) It is affected by people at every level of an organization.
Q3) _____ refers to cultural issues such as integrity,ethical values,competence,philosophy,and operating style.
Q4) In terms of ethical theory,lofty compensation packages have a utilitarian function when they act as incentives for executives to produce greater overall results.
A)True
B)False
Q5) What are the ethical responsibilities of board members?
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