Question

Question 31 (2.5 points)

To which of the following forms of business can the concept of social responsibility be applied?

Question 31 options:

	Large, public corporations
	All forms of corporations
	All businesses except those with less than 50 employees
	Small, privately held corporations
	Any form of business, from a sole proprietorship to a large corporation

Question 32 (2.5 points)

Which of the following best describes social responsibility?

Question 32 options:

	A company’s attempt to maximize its profits in order to benefit stockholders
	All the policies of a company that promote ethical business practices
	All businesses except those with less than 50 employees
	A corporation’s rights, such as due process in a court of law, freedom of speech, and privacy
	Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders

Question 33 (2.5 points)

In order for any social responsibility initiative to have strategic significance in a company, it must be fully supported and valued by

Question 33 options:

	the company’s stockholders.
	top management.
	legislators who develop federal law and policy.
	non-profit groups who benefit from a company’s philanthropic spending.
	government officials in the local area.

Question 34 (2.5 points)

According to famous economist Milton Friedman, what is the purpose of business?

Question 34 options:

	To satisfy investors or shareholders
	To provide the best products to customers
	To promote social causes
	To improve global cooperation
	To meet the needs of different stakeholders

Question 35 (2.5 points)

In the long run, the success of a company is built on

Question 35 options:

	a company’s ability to negotiate with suppliers and vendors.
	long-term relationships with customers built on mutual respect and cooperation that leads to repeat purchasing.
	its operational superiority compared to competitors.
	innovative integrated marketing communications programs.
	a company’s commitment to be on the leading edge of technology.

Question 36 (2.5 points)

Employee commitment stems from

Question 36 options:

	paying the best wages in the industry.
	offering child care to working mothers and fathers.
	working in a team-based organization.
	the reality that unemployment is on the rise, and people are lucky to have good jobs
	employees who are empowered with training and autonomy.

Question 37 (2.5 points)

The flatter organizational hierarchies brought about due to the economic instability of the 1980s and early 1990s caused which of the following?

Question 37 options:

	increasing empowerment of lower level employees.
	additional pay for employees.
	workforce enlargement.
	more employment by large companies.
	more opportunities for outstanding employees to move into management.

Question 38 (2.5 points)

How do countries with strong trust foster a productivity-enhancing environment?

Question 38 options:

	Because ethical citizens are more talented
	Through strong governmental control
	Through more efficient and effective competitive processes
	Because most of their population is employed
	Due to favorable export agreements with other counties

Question 39 (2.5 points)

Why are multinationals under scrutiny by stakeholders?

Question 39 options:

	They decrease global production.
	They tend to benefit only developed countries.
	They wield a lot of power.
	They have led to extreme job loss.
	They tend to be mostly unethical.

Question 40 (2.5 points)

Principles are defined as which of the following?

Question 40 options:

	specific and universal boundaries for behavior that should not be violated
	enduring beliefs and ideals that are socially enforced
	laws and regulations that require that companies conduct themselves according to society’s expectations
	when companies go above and beyond their ethical responsibilities
	standards that guide behavior in the world of business

Answer 1

Question 31 (2.5 points)

To which of the following forms of business can the concept of social responsibility be applied?

Correct answer is "Any form of business, from a sole proprietorship to a large corporation"

Question 32 (2.5 points)

Which of the following best describes social responsibility?

Correct answer is "Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders"

Question 33 (2.5 points)

In order for any social responsibility initiative to have strategic significance in a company, it must be fully supported and valued by

Correct answer is "top management."

Question 34 (2.5 points)

According to famous economist Milton Friedman, what is the purpose of business?

Correct answer is "To satisfy investors or shareholders"

Question 35 (2.5 points)

In the long run, the success of a company is built on

Correct answer is "long-term relationships with customers built on mutual respect and cooperation that leads to repeat purchasing."

Question 36 (2.5 points)

Employee commitment stems from

Correct answer is "employees who are empowered with training and autonomy."

Question 37 (2.5 points)

The flatter organizational hierarchies brought about due to the economic instability of the 1980s and early 1990s caused which of the following?

Correct answer is "increasing empowerment of lower level employees."

Question 38 (2.5 points)

How do countries with strong trust foster a productivity-enhancing environment?

Correct answer is "Through more efficient and effective competitive processes"

Question 39 (2.5 points)

Why are multinationals under scrutiny by stakeholders?

Correct answer is "They tend to benefit only developed countries"

Question 40 (2.5 points)

Principles are defined as which of the following?

Correct answer is "standards that guide behavior in the world of business"

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