Filters
Question type

Study Flashcards

A formal statement of ethical principles and rules of conduct is referred to as a(n)


A) ethical mission.
B) moral code.
C) core value pronouncement.
D) code of conduct.
E) code of ethics.

Correct Answer

verifed

verified

The moral principles and values that govern the actions and decisions of an individual or group are referred to as


A) social norms.
B) cultural values.
C) ethics.
D) societal philosophy.
E) religion.

Correct Answer

verifed

verified

The personal moral philosophy of utilitarianism underlies the economic tenets of


A) existentialism.
B) moral idealism.
C) communism.
D) socialism.
E) capitalism.

Correct Answer

verifed

verified

Sustainable development refers to


A) placing restraints on a company's growth until all ancillary support services are in place to ensure a new venture's success.
B) global economies that are slowly moving from an agrarian-base to an industrial base.
C) adhering to worldwide standards for environmental quality and green marketing practices.
D) marketing efforts to produce,promote,and reclaim environmentally sensitive products.
E) conducting business in a way that protects the natural environment while making economic progress.

Correct Answer

verifed

verified

The residents of Alaska and people throughout the world were outraged when the Exxon Valdez crashed into a shoal and dumped millions of gallons of crude oil into the pristine waters of Prince William Sound.People were upset with Exxon's response to the disaster.The company was slow to admit its mistake and even slower to implement cleanup activities.Exxon was criticized for acting in a manner that would benefit the organization but not society.In short,Exxon did not demonstrate


A) social responsibility.
B) value consciousness.
C) green marketing.
D) profit responsibility.
E) cause marketing.

Correct Answer

verifed

verified

Which of the following is an example of green marketing?


A) McDonald's added apple snacks to its Happy Meals targeted at children.
B) Lowe's and Home Depot discontinued the sale of lumber and other wood products.
C) Levi-Strauss marketed prewashed jeans.
D) Joe's Lawn Service offered a special spring cleanup promotion.
E) Walmart implemented buying practices that encourage its suppliers to use containers and packing made from corn,not oil-based resins.

Correct Answer

verifed

verified

Corporate culture refers to


A) a formalized method for controlling the marketing environment.
B) the set of accepted standards and practices within a given industry.
C) the fundamental,passionate,and enduring principles of an organization that guide its conduct over time.
D) the set of values,ideas,and attitudes that is learned and shared among the members of an organization.
E) the formal statement of ethical principles and rules of conduct adopted by an organization.

Correct Answer

verifed

verified

Business culture affects ethical behavior in competition.Two kinds of unethical behavior are most common-


A) economic espionage and corruption.
B) price fixing and copyright infringement.
C) bribery and extortion.
D) price fixing and economic espionage.
E) economic espionage and antitrust infractions.

Correct Answer

verifed

verified

The view that an organization has an obligation to those who can affect the achievement of its objectives is referred to as


A) social responsibility.
B) value consciousness.
C) benefit marketing.
D) stakeholder responsibility.
E) profit responsibility.

Correct Answer

verifed

verified

Arrowhead brand Mountain Spring Water changed its bottle by reducing the size of its label by one-third,using 30 percent less plastic,and making the bottle more flexible for easier recycling.These efforts are part of the company's goal to engage in


A) sustainable development.
B) market development.
C) ISO 14000 compliance.
D) cause marketing.
E) environmental downsizing.

Correct Answer

verifed

verified

Which of the following statements best describes the activities of a whistle-blower?


A) An employee is unhappy because his company is downsizing.
B) An employee tells the Consumer Product Safety Commission his company falsified safety reports on a child's car seat.
C) A salesperson for a company finds out that a member of his softball team,who works for another firm,"borrowed" some paper clips from that firm to use for his personal use and wants to "tell on him."
D) An employee criticizes his employer's finance personnel to his fellow co-workers for picking the wrong stocks in his retirement fund;they lost value last year due to a downturn in the stock market.
E) An employee spends the afternoon at work studying for her test rather than counting inventory as she was supposed to be doing.

Correct Answer

verifed

verified

Toyota employs all of the following principles and practices as part of "The Toyota Way" except which?


A) Continuously improve business processes and products.
B) Empower individuals and teams.
C) Respect people.
D) Build trust.
E) Provide personalized and customized products.

Correct Answer

verifed

verified

Two laws specifically intended to curb economic espionage and bribery in international marketing are


A) Economic Espionage Act and Foreign Corrupt Practices Act.
B) Transparency International Act and Dumpster Diving Act.
C) Global Rights Protection Act and Foreign Corrupt Practices Act.
D) Consumer Bill of Rights Act and Economic Espionage Act.
E) Fair Trade Practices Act and Bribery Protection Act.

Correct Answer

verifed

verified

Business culture affects ethical conduct both in the exchange relationship between sellers and buyers and in the


A) competitive behavior among sellers.
B) purchase behavior among buyers.
C) price,service,and product responsibility to the ultimate consumer.
D) accountability of buyers and sellers to federal and state regulators.
E) perception of ethical behavior as viewed by employers of business firms,not nonprofit organizations.

Correct Answer

verifed

verified

Nestlé's marketing of Good Start infant formula promoted the product as hypoallergenic.However,some severely milk-allergic infants experienced serious side effects after using Good Start,including convulsive vomiting.A Nestlé vice president defended the claim and product,saying,"I don't understand why our product should work in 100 percent of cases.If we wanted to say it was foolproof,we would have called it allergy-free.We call it hypo-,or less,allergenic." Nestlé's actions exemplify which of the following philosophies?


A) existentialism
B) moral idealism
C) communism
D) socialism
E) utilitarianism

Correct Answer

verifed

verified

In 1962,President John F.Kennedy outlined a Consumer Bill of Rights that codified the ethics of exchange between buyers and sellers.Which of the following is one of the primary principles?


A) right to privacy
B) right to be compensated for product defects
C) right to be treated with respect
D) right to be treated without prejudice
E) right to be informed

Correct Answer

verifed

verified

In 2013,Budweiser launched its first responsible drinking blimp.The airship,which carried the "Designate a Driver" message,embarked on a 17-week tour across the United States.Which of the following was the firm exhibiting?


A) stockholder responsibility
B) profit responsibility
C) utilitarianism
D) cause marketing
E) social responsibility

Correct Answer

verifed

verified

Which of the following statements about consumer ethics is most accurate?


A) Most consumers' unethical acts are motivated by economic need.
B) Some consumers believe that if they can get away with unethical behavior,it is worth doing.
C) If "everyone else does it," then that becomes the norm-so,ultimately,there is no such thing as unethical consumer behavior.
D) Most consumers who shoplift do so because a salesperson has been insulting or rude.
E) Few customers behave unethically toward smaller,independently owned businesses.Most unethical consumer behavior is against "big business."

Correct Answer

verifed

verified

There has been a public outcry about the ethical practices of businesspeople.Public opinion polls show that 17 percent of U.S.adults rate the ethical standards of business executives as "high" or "very high." If most business are thought to be acting within all relevant laws,this suggests that the businesspeople are perceived to be acting


A) ethically but illegally.
B) ethically and legally.
C) unethically and illegally.
D) unethically but legally.
E) in a socially responsible manner.

Correct Answer

verifed

verified

A rival of a branded food product manufacturer was known to have asked a supplier of the food product manufacturer for certain ingredients,using secret codes known only to the manufacturer and the supplier.The rival discovered an email password and was able to access the manufacturer's codes on the supplier's network.This is an example of


A) corporate intelligence.
B) economic espionage.
C) clandestine trade secrets.
D) industrial sleuthing.
E) competitive surveillance.

Correct Answer

verifed

verified

Showing 21 - 40 of 191

Related Exams

Show Answer