Chapter 2 Quiz Bus 508

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Wk1 BUS 508 Chapter 2 Quiz

Which of the following is not considered a firm’s stakeholders:
Answer: Private Sector

According to the ________, discarded electronic items now make up as much as 40 percent of the lead in landfills in the United States.
Answer: Environmental Protection Agency

Most business owners and managers have built and maintained enduring companies with breaking the rules.
Answer: False

Consumers should have access to enough education and product information to make responsible buying decisions.
Answer: True

A business is also judged by its interactions with the community.
Answer: True

________ is an employee’s disclosure to company officials, government authorities, or the media of illegal, immoral, or unethical practices.
Answer: Whistle-Blowing

The ________ established new rules and regulations for securities trading and accounting practices.
Answer: Sarbanes-Oxley Act of 2002

Consumers should have the right to choose which goods and services they need and want to purchase.
Answer: True

________ refers to the responsibility of manufacturers for injuries and damages caused by their products.
Answer: Product Liability

Ethical ways to handle conflicts of interest include:
Answer: Avoiding and disclosing

________ refers to the standards of conduct and moral values involving decisions made in the work environment. Answer: Business Ethics

Balancing work and family is becoming harder for many employees.
Answer: True
Many authorities do not debate whether ethics can be taught, but training can give employees the chance to practice applying ethical values to hypothetical situations before they face real-world situations.
Answer: False

________ are formal procedures that identify and evaluate all company activities that relate to social issues such as conservation, employment practices, environmental…...

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