Then, one executive must be put in charge of the firm's agenda, and this individual must monitor the program and ensure that its implementation is consistent with the firm's policy statement.
The organization must conduct social audits, which are systematic analyses of the firm's success in using funds earmarked for its social responsibility goals. Failing an audit should prompt a rethinking of the program's implementation and its priorities. This ensures that all corporations are held to the same standards for assessing their financial information.
A Prevent insider trading B Engage in strategic management C Guarantee the accuracy of financial reporting D Hire a forensic accountant E Oversee the implementation of ethical standards Answer: C Explanation: C The Sarbanes-Oxley Act of requires that the chief financial officer personally guarantee the accuracy of financial reporting.
A By achieving LEEDS certification B By achieving zero-landfill status C By agreeing to recycle more than 50 percent of total waste D By eliminating the use of phosphates E By repurposing products and systems Answer: B Explanation: B Many firms are working towards a zero-landfill status, where production waste is recycled, repurposed or otherwise eliminated.
The prevention of future contamination is accomplished with new forms of solid-waste disposal as one response to these problems. Environmentalists have expressed concerns that the chemical compounds used in fracking may be polluting underground water sources and causing instability in nearby towns and residential areas. A Increased legislation B Consumerism C International agreements D The Consumer Bill of Rights E Green marketing efforts Answer: B Explanation: B Interest in business responsibility toward customers can be traced to the rise of consumerism, social activism dedicated to protecting the rights of consumers in their dealings with businesses.
A Collusion B Consumerism C Green marketing D Recycling E Near zero status Answer: C Explanation: C Elements of green marketing include Production Processes Businesses, such as Ford Motors and General Electric modifying their production processes to limit the consumption of valuable resources such as fossil fuels by increasing energy efficiency and reducing their output of waste and pollution by cutting greenhouse gas emissions.
Collusion occurs when two or more firms collaborate on such wrongful acts as price fixing. A Whistle-blower B Inside trader C Obstructionist D Colluder E Accommodator Answer: A Explanation: A A whistle-blower is an employee who discovers and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them.
Legally, stock can only be sold on the basis of public information available to all investors. Congress passed the Sarbanes-Oxley Act, which requires an organization's chief financial officer to personally guarantee the accuracy of all financial reporting.
Answer: TRUE Explanation: There are also many ways in which business is answerable to government control and regulation. Answer: Collusion occurs when two or more firms agree to collaborate on such wrongful acts as price fixing; price fixing occurs when firms illegally control supplies and prices of products.
Answer: Consumerism is social activism dedicated to protecting the rights of consumers in their dealings with businesses. Some critics also point to misleading labelling and advertising in the agricultural sector.
Another issue concerns advertising that some consumers consider morally objectionable—for products such as underwear, condoms, alcohol, tobacco products, and firearms. Laws regulate some of this advertising for instance, tobacco cannot be promoted in television commercials but can be featured in print ads in magazines , and many advertisers use common sense and discretion in their promotions.
Why would an investor engage in it? Answer: Insider trading is using confidential information to gain from the purchase or sale of stocks. Confidential information is information that is not available to the general public but that is available to a few people because of their position within a company.
For example, investors with inside information may sell a stock at a high price just before a piece of negative information becomes public and the price plummets, thus preventing a big loss.
Similarly, an investor with inside information may buy stock at a low price just before a piece of favorable information becomes public and the price of the stock increases. A Governmental mandate B Executive summary C Social audit D Government initiative E Financial report Answer: C Explanation: C A social audit is a systematic analysis of an organization's success in using funds earmarked for its social responsibility goals.
Many believe that corporations should help improve the lives of citizens because they are citizens themselves, often control vast resources, and may contribute to the problems that social programs address. A Social accommodation B Obstructionist C Defensive D Accommodative E Proactive Answer: B Explanation: B The few organizations that take an obstructionist stance to social responsibility usually do as little as possible to solve social or environmental problems, have little regard for ethical conduct and will go to great lengths to deny or cover up wrongdoing.
A Proactive B Accommodative C Defensive D Obstructionist E Social accommodation Answer: C Explanation: C Organizations that take a defensive stance will do everything that is legally required, including admitting to mistakes and taking corrective actions, but nothing more.
Such firms will agree to participate in social programs if solicitors convince them that given programs are worthy of their support.
A Obstructionist B Accommodative C Social accommodations D Defensive E Proactive Answer: E Explanation: E Firms with the highest degree of social responsibility exhibit the proactive stance; they take to heart the arguments in favor of social responsibility, view themselves as citizens in a society, indicate sincere commitment to improve the general social welfare, and surpass the accommodative stance by proactively seeking opportunities to contribute.
A Set up a foundation B Reduce prices C Make a donation with each purchase D Use the Internet to solicit donations E Follow all laws set forth by the government Answer: A Explanation: A The most common—and direct—way to implement this stance is to set up a foundation for providing direct financial support for various social programs. Ethics and social responsibility are decisions faced by all managers in all organizations, regardless of rank or size.
Answer: FALSE Explanation: Firms with a high proactive approach to social responsibility actively seek ways to contribute to their communities. Answer: FALSE Explanation: Opinions differ dramatically concerning the role of social responsibility as a business goal; some people oppose any business activity that threatens profits. Answer: TRUE Explanation: Small businesses must answer many of the same questions as big businesses in the areas of ethics and social responsibility.
Answer: Small businesses must address, more or less, the same issues as big businesses—the differences are primarily differences of scale. Answer: Some skeptics of business-sponsored social projects fear that if businesses become too active, they will gain too much control over the ways in which those projects are addressed by society as a whole. Other critics claim that business organizations lack the expertise needed to address social issues.
A The government requires higher stakeholder returns. B The government passes laws to make sure business interests do not damage society. C The government heavily regulates business activities to ensure the business supports social ideals. D The government attempts to offset small business restrictions.
E The government limits regulations in exchange for planned giving. Answer: C Explanation: C In planned economies the government heavily regulates business activities, ostensibly to ensure that business supports some overarching set of social ideals. A Social responsibility B Taxation C Stakeholder support D Regulation E Socialism Answer: D Explanation: D The government most often directly influences organizations through regulation, the establishment of laws and rules that dictate what organizations can and cannot do.
To implement legislation, the government generally creates special agencies to monitor and control certain aspects of business activity. For instance, the U. Foreign Corrupt Practices Act provides for financial sanctions against businesses or business officials who engage in bribery.
For example, the government can indirectly influence the social responsibility of organizations through its tax codes. In effect, the government can influence how organizations spend their social responsibility dollars by providing greater or lesser tax incentives.
A Personal contacts B Financial gifts C Lobbying D Offering favors E Voting Answer: C Explanation: C Lobbying, or the use of persons or groups to formally represent an organization or group of organizations before political bodies, is also an effective way to influence the government.
A Voting B Lobbying C Favors D Personal contacts E Political action committee meetings Answer: D Explanation: D Because many corporate executives and political leaders travel in the same social circles, personal contacts and networks offer one method of influence.
A Lobbies B Government agencies C Stakeholders D Ethical compliance leaders E Political action committees Answer: E Explanation: E Companies themselves cannot legally make direct donations to political campaigns, so they influence the government through political action committees. Political action committees PACs are special organizations created to solicit money and then distribute it to political candidates. A The same approach they take when developing any other business strategy.
B Create new legal and implied requirements. C Develop an informal plan and use it to see what work before incorporating those ideas to a formal plan. Organizing the Business 7. Employee Behavior and Motivation 9. Leadership and Decision Making Marketing Processes and Consumer Behavior Developing and Pricing Products Information Technology IT for Business Understanding Money and the Role of Banking Only logged in customers who have purchased this product may leave a review.
Log in. Next product. Add to wishlist. Ebert, Ricky W. Reviews 0 Reviews There are no reviews yet. Currently, we only ship within the US. Monday — Friday delivery time is days. Monday — Friday Shipping rates are:. Related products Quick view.
0コメント