DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
n n n n n n n n n n
on Ferrell n
Chapter 02 n n
Business Ethics And Social Responsibility
n n n n
Truen/nFalsenQuestions
1. Allnbusinessndecisionsncannotnbenjudgednasnrightnornwrong,nethicalnornunethical.
True False
2. Annethicalnissuenisnannidentifiablenproblem,nsituation,nornopportunitynthatnrequiresnanpersonnornorg
anizationntonchoosenfromnamongnseveralnactionsnthatnmaynbenevaluatednasnethicalnornunethical.
True False
3. Co-
workersnandnsuperiorsnexertnsignificantncontrolnovernyournchoicesnatnworknthroughnauthoritynandnexa
mple.
True False
4. Thenconceptnofnsocialnresponsibilitynisnuniversallynaccepted.
True False
2-1
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
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,DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
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on Ferrell n
5. Anbusiness'snobligationsntonitsnownersnandninvestorsnincludenmaintainingnpropernaccountingn
procedures.
True False
MultiplenChoicenQuestions
6. Thenprinciplesnandnstandardsnthatndeterminenacceptablenconductninnbusinessnorganizationsnaren
referredntonas
A. socialnresponsibility.
B. businessnstrategies.
C. businessnethics.
D. businessnstances.
E. corporatencitizenship.
7. Sarahnisnanmanagernwhonsupportsnethicsnandncompliancenatnherncompanynbynclearlyncommunicatingn
companynexpectationsnfornethicalnbehaviorntonallnemployees.nThisnexemplifies
A. tonenatnthentop.
B. tonenthroughoutnthencompany.
C. tonenatnthenbottom.
D. socialnresponsibility.
E. businessnethics.
2-2
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
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,DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
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on Ferrell n
8. Whichnofnthenfollowingnstatementsnisntruenregardingnbusinessnethicsnandnsocialnresponsibility?
A. Allnactionsndeemednunethicalnbynsocietynarenalsonillegal.
B. Thenconcernsnofnwhatnisnlegalnandnethicalndonnotnchangenoverntime.
C. Thentermsnsocialnresponsibilitynandnethicsnshouldnbenusedninterchangeably.
D. Companiesncannbenbothnprofitablenandnsociallynresponsible.
E. Businessesnwhosensolenobjectivenisntonearnnprofitnmaynnotnconsiderntheirnsocialnresponsibility.
9. Anlocalnpetnstore,nPalsnwithnPaws,ndonatesnanportionnofneverynsalentonpetnrescuesninnitsncommunity.n
Thisnexhibitsnthencompany's
A. businessnethics.
B. profitability.
C. businessnresponsibility.
D. irresponsibility.
E. socialnresponsibility.
10. Thenterm
refersntonanbusiness'snobligationntonmaximizenitsnpositivenimpactnandnminimizenitsn
negativenimpactnonnsociety.
A. socialncitizenship
B. socialnstrategy
C. socialnethics
D. socialnresponsibility
E. socialnrule
2-3
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
n n n n n n n n n n
on Ferrell n
11. Howndonthentermsnbusinessnethicsnandnsocialnresponsibilityndiffernfromneachnother?
A. Businessnethicsnconcernsnthenimpactnofnthenentirenbusiness'snactivitiesnonnsociety,nwhereasnsocialn
responsibilitynrelatesntonannindividual'sndecisionsnthatnsocietynevaluatesnasnrightnornwrong.
B. Businessnethicsnconcernsnthenimpactnofnthenentirenbusiness'snactivitiesnonnsociety,nwhereasnsocialn
responsibilitynrelatesntonanworkngroup'sndecisionsnthatnsocietynevaluatesnasnrightnornwrong.
C. Businessnethicsnrelatesntonannindividual'snornanworkngroup'sndecisionsnthatnsocietynevaluatesnasn
rightnornwrong,nwhereasnsocialnresponsibilitynconcernsnthenimpactnofnthenentirenbusiness'snacti
vitiesnonnsociety.
D. Businessnethicsnandnsocialnresponsibilityncannbenusedninterchangeablynbecausentheynmeannthen
samenthing.
E. Businessnethicsnisnanbroadernconcept,nwhereasnsocialnresponsibilitynisnnarrower.
12. The Actncriminalizednsecuritiesnfraudnandntoughenednpenaltiesnforncorporatenfraud.
A. Dodd-Frank
B. FederalnTradenCommission
C. ForeignnCorruptnPractices
D. Sarbanes-Oxley
E. ShermannAntitrust
13. Whichnofnthenfollowingnlawsnreformednthenfinancialnindustrynandnofferednconsumersnprotectionn
againstncomplexnand/orndeceptivenfinancialnproducts?
A. thenGlass-SteagallnLegislation
B. thenDodd-FranknAct
C. thenSarbanes-OxleynAct
D. thenClaytonnAct
E. thenCeller-KefauvernAct
2-4
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
mynursytest.store
n n n n n n n n n n
on Ferrell n
Chapter 02 n n
Business Ethics And Social Responsibility
n n n n
Truen/nFalsenQuestions
1. Allnbusinessndecisionsncannotnbenjudgednasnrightnornwrong,nethicalnornunethical.
True False
2. Annethicalnissuenisnannidentifiablenproblem,nsituation,nornopportunitynthatnrequiresnanpersonnornorg
anizationntonchoosenfromnamongnseveralnactionsnthatnmaynbenevaluatednasnethicalnornunethical.
True False
3. Co-
workersnandnsuperiorsnexertnsignificantncontrolnovernyournchoicesnatnworknthroughnauthoritynandnexa
mple.
True False
4. Thenconceptnofnsocialnresponsibilitynisnuniversallynaccepted.
True False
2-1
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
n n n n n n n n n n
on Ferrell n
5. Anbusiness'snobligationsntonitsnownersnandninvestorsnincludenmaintainingnpropernaccountingn
procedures.
True False
MultiplenChoicenQuestions
6. Thenprinciplesnandnstandardsnthatndeterminenacceptablenconductninnbusinessnorganizationsnaren
referredntonas
A. socialnresponsibility.
B. businessnstrategies.
C. businessnethics.
D. businessnstances.
E. corporatencitizenship.
7. Sarahnisnanmanagernwhonsupportsnethicsnandncompliancenatnherncompanynbynclearlyncommunicatingn
companynexpectationsnfornethicalnbehaviorntonallnemployees.nThisnexemplifies
A. tonenatnthentop.
B. tonenthroughoutnthencompany.
C. tonenatnthenbottom.
D. socialnresponsibility.
E. businessnethics.
2-2
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
n n n n n n n n n n
on Ferrell n
8. Whichnofnthenfollowingnstatementsnisntruenregardingnbusinessnethicsnandnsocialnresponsibility?
A. Allnactionsndeemednunethicalnbynsocietynarenalsonillegal.
B. Thenconcernsnofnwhatnisnlegalnandnethicalndonnotnchangenoverntime.
C. Thentermsnsocialnresponsibilitynandnethicsnshouldnbenusedninterchangeably.
D. Companiesncannbenbothnprofitablenandnsociallynresponsible.
E. Businessesnwhosensolenobjectivenisntonearnnprofitnmaynnotnconsiderntheirnsocialnresponsibility.
9. Anlocalnpetnstore,nPalsnwithnPaws,ndonatesnanportionnofneverynsalentonpetnrescuesninnitsncommunity.n
Thisnexhibitsnthencompany's
A. businessnethics.
B. profitability.
C. businessnresponsibility.
D. irresponsibility.
E. socialnresponsibility.
10. Thenterm
refersntonanbusiness'snobligationntonmaximizenitsnpositivenimpactnandnminimizenitsn
negativenimpactnonnsociety.
A. socialncitizenship
B. socialnstrategy
C. socialnethics
D. socialnresponsibility
E. socialnrule
2-3
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Business Foundations Changing World 11thEditi
n n n n n n n n n n
on Ferrell n
11. Howndonthentermsnbusinessnethicsnandnsocialnresponsibilityndiffernfromneachnother?
A. Businessnethicsnconcernsnthenimpactnofnthenentirenbusiness'snactivitiesnonnsociety,nwhereasnsocialn
responsibilitynrelatesntonannindividual'sndecisionsnthatnsocietynevaluatesnasnrightnornwrong.
B. Businessnethicsnconcernsnthenimpactnofnthenentirenbusiness'snactivitiesnonnsociety,nwhereasnsocialn
responsibilitynrelatesntonanworkngroup'sndecisionsnthatnsocietynevaluatesnasnrightnornwrong.
C. Businessnethicsnrelatesntonannindividual'snornanworkngroup'sndecisionsnthatnsocietynevaluatesnasn
rightnornwrong,nwhereasnsocialnresponsibilitynconcernsnthenimpactnofnthenentirenbusiness'snacti
vitiesnonnsociety.
D. Businessnethicsnandnsocialnresponsibilityncannbenusedninterchangeablynbecausentheynmeannthen
samenthing.
E. Businessnethicsnisnanbroadernconcept,nwhereasnsocialnresponsibilitynisnnarrower.
12. The Actncriminalizednsecuritiesnfraudnandntoughenednpenaltiesnforncorporatenfraud.
A. Dodd-Frank
B. FederalnTradenCommission
C. ForeignnCorruptnPractices
D. Sarbanes-Oxley
E. ShermannAntitrust
13. Whichnofnthenfollowingnlawsnreformednthenfinancialnindustrynandnofferednconsumersnprotectionn
againstncomplexnand/orndeceptivenfinancialnproducts?
A. thenGlass-SteagallnLegislation
B. thenDodd-FranknAct
C. thenSarbanes-OxleynAct
D. thenClaytonnAct
E. thenCeller-KefauvernAct
2-4
Copyrightn©n2018nMcGraw-
HillnEducation.nAllnrightsnreserved.nNonreproductionnorndistributionnwithoutnthenpriornwrittennconsentnofnMcGraw-HillnEducation.
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