Indicate whether the statement is true or false.

$1.$ A company demonstrates its corporate philanthropy when it allows employees time off to volunteer at community events.

a$.$ True

b$.$ False

$2.$ It is possible for someone$$s actions to be completely legal yet still be unethical.

a$.$ True

b$.$ False

$3.$ A drawback of demand$-$based pricing is that it is less market focused than cost$-$based pricing.

a$.$ True

b$.$ False

$4.$ In order to make ethical decisions, it is helpful to think about several questions, including $(1)$ who will be impacted by the decision, $(2)$ who will benefit from the decision, and $(3)$ who will suffer from the decision.

a$.$ True

b$.$ False

$5.$ Universal ethical standards also apply to international businesses.

a$.$ True

b$.$ False

$6.$ Stakeholders have a personal interest in the performance and activities of an organization.

a$.$ True

b$.$ False

$7.$ Depending on factors such as warehousing, docking facilities, and accessibility, some distributors use several different modes of transportation.

a$.$ True

b$.$ False

$8.$ An ethical dilemma refers to a situation in which an individual clearly has performed some kind of misconduct.

a$.$ True

b$.$ False

$9.$ Cheaters in high school are far more likely to lie as adults.

a$.$ True

b$.$ False

$10.$ A socially responsible company entrusts a watchdog group to provide solutions to unethical behaviours.

a$.$ True

b$.$ False

Indicate the answer choice that best completes the statement or answers the question.

$11.$ How do business ethics and individual ethics differ?

a$.$ Business ethics focus on profits, while individual ethics focus on discretionary income.

b$.$ Business ethics focus on the application of right and wrong in a business setting, while individual ethics are one$$s personal standards of right and wrong.

c$.$ Individual ethics focus on work$-$life balance, while business ethics focus on staying within the legal limits of the law.

d$.$ Individual ethics focus on personal contributions, while business ethics focus on shareholder contributions.

$12.$ What does a nation$$s legal system provide businesses with when they establish a code of ethics?

a$.$ a starting point

b$.$ comprehensive guidelines

c$.$ a way to distinguish between ethical issues and non$-$ethical issues

d$.$ very little useful guidance

$13.$ Which of the following adds value by making it easier for customers to actually possess the goods and services that they purchase?

a$.$ retail utility

b$.$ form utility

c$.$ time utility

d$.$ ownership utility

$14.$ Which two key elements is a firm$$s distribution strategy concerned with?

a$.$ shipping and warehousing

b$.$ pricing strategy and credit standards

c$.$ facility location and value stream mapping for product flow

d$.$ the channel of distribution and physical distribution

$15.$ Which of the following satisfies customer needs by providing the right products in the right place?

a$.$ value stream mapping

b$.$ distribution utility

c$.$ place utility

d$.$ contingency planning

$16.$ Which of the following firms would find penetration pricing most appealing?

a$.$ a firm that is willing to sell some goods below cost in order to generate more store traffic

b$.$ a firm that wants to remove price as a point of comparison so that consumers will make their choices based on other considerations

c$.$ a firm that is introducing a new product and wants to quickly capture the market and discourage competition

d$.$ a firm that has a product for which it wants to establish an image of quality and exclusivity

$17.$ Which of the following is used for products and includes not only distribution channels but also the string of suppliers who deliver products to the producers?

a$.$ a supply chain

b$.$ an input$-$output network

c$.$ modes of distribution

d$.$ a distributional mix

$18.$ Which of the following has the goal of making it convenient for final consumers to find and purchase products?

a$.$ merchant wholesaling

b$.$ intensive distribution

c$.$ the wheel of retailing

d$.$ selective distribution

$19.$ Which type of pricing aims to increase traffic in retail stores by using special sales on a limited number of products and higher everyday prices on others?

a$.$ high$/$low pricing

b$.$ loss leader pricing

c$.$ penetration pricing

d$.$ everyday low pricing

$20.$ Which of the following would most likely be classified as a variable cost in breakeven analysis for a furniture manufacturer?

a$.$ cost of lumber and upholstery

b$.$ insurance on delivery truck

c$.$ property taxes

d$.$ office rent

$21.$ Which of the following behaviours is a company practising when it enforces supplier contracts with foreign countries that state that child labour will not be used to produce its products?

a$.$ corporate responsibility

b$.$ honesty and fair pricing

c$.$ responsibility to the environme