20 Jul WHAT ARE THE THREE PRIMARY FACTORS THAT TOGETHER INFLUENCE THE ETHICAL DECISION-MAKING PROCESS?
Q11. Which act is the principal tool employed by the federal government to prevent businesses from r Show more Q11. Which act is the principal tool employed by the federal government to prevent businesses from restraining trade and monopolizing markets? a. Anti-Monopoly Act b. Federal Trade Commission Act c. Sherman Antitrust Act d. Roosevelt Antitrust Act e. Clayton Antitrust Act Q12. Concerns involving consumer privacy web site development and online marketing relate to which classification of ethical issue? a. Discrimination b. Honesty c. Communications d. Technology e. Conflict of interest Q13. In the long run the success of a company is built on a. a companys ability to negotiate with suppliers and vendors. b. long-term relationships with customers built on mutual respect and cooperation that leads to repeat purchasing. c. innovative integrated marketing communications programs. d. a companys commitment to be on the leading edge of technology. e. its efficiency in operations. Q14. What are the three primary factors that together influence the ethical decision-making process? a. Stakeholder relationships trust and corporate culture b. Society profits and longevity c. Personal ethics group ethics and business ethics d. Values norms and regulations e. Opportunity individual factors and organizational relationships Q15. The Pet Food Institute the Tobacco Institute and the American Booksellers Association are all examples of a. trade unions. b. special-interest groups. c. trade associations. d. umbrella organizations. e. PACs. Q16. Those groups to whom a company is responsible are collectively known as a. stakeholders. b. employees and customers. c. society. d. very important people. e. stockholders. Q17. Overall evidence supports that social responsibility a. negatively affects a firms performance because it increases costs and reduces profits. b. is unrelated to the performance of a business. c. is good for a firms reputation but has little effect on performance. d. works well in theory but is hard to implement in business. e. is positively associated with return on investment return on assets and sales growth. Q18. What is the primary concern of a board of directors? a. To determine whether or not to pay dividends to stockholders b. To watch out for the interests of the employees c. To develop short-term goals for the company d. To make decisions about how to run the day-to-day affairs of the business e. To monitor the decisions made by managers on behalf of the company Q19. Issues related to fairness and honesty may arise because business is sometimes regarded as a a. contest with the most ethical firm winning. b. war requiring surprise attacks guerrilla warfare and other warlike tactics to win the battle for consumers dollars. c. game governed by the rules of society. d. contest with the most profitable firm winning. e. game governed by its own rules rather than those of society. Q20. Business ethics refers to a. unique industry and professional factors that influence employees. b. principles and standards that guide behavior in the business world. c. companies refraining from forming monopolies or restricting competition in any way. d. regulations and laws that guide companies in their business decisions. e. the percentage of after-tax profits given to non-profit and community groups. Show less
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