MP Ch $3$

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

$1.$ The Sunshine Foundation provides funds to countries in South America to develop long$-$term sources of clean water.

The Sunshine Foundation realizes that clean water is needed to improve health and preserve local ecosystems while

creating a competitive advantage. The actions and interests of the Sunshine Foundation are examples of

a$.$ short term profit maximization

b$.$ target marketing

c$.$ environmental sustainability

d$.$ marketing channels

e$.$ public relations

$2\_\_\_\_\_\_\_\_\_$ acknowledges that in addition to economic and legal duties, companies have obligations to society. These

obligations are not mandated by any law or regulation but instead are associated with the demands, expectations,

requirements, and desires of various stakeholders.

a$.$ corporate social responsibility

b$.$ deontological theory

c$.$ triple bottom line

d$.$ marketing analytics

e$.$ the four P$\text{'}$s

$3.$ When Walmart issued new standards for livestock products that were raised on food without antibiotics or artificial

growth hormones, it considered multiple$\_\_\_\_\_\_\_\_\_\_,$ including the ranchers that supply the food, its customers, and

animal welfare groups.

a$.$ stakeholders

b$.$ investors

c$.$ marketing executives

d$.$ bankers

e$.$ corporate shareholders

$4.$ Landon has just purchased a beer distributorship. He wants to increase the visibility of his firm in local markets, but he

knows there are a number of regulations and socially accepted practices associated with promoting alcoholic beverages.

The first thing Landon should do is to:

a$.$ identify issues

b$.$ promote the firm's corporate social responsibility efforts

c$.$ choose to distribute other items

d$.$ brainstorm and evaluate alternatives

e$.$ choose a course of action

$5.$ Betty bought a jar of facial cream with natural ingredients for $$50$ online from Beauty Today Inc., a company that promises

a youthful wrinkle$-$free skin for those who buy the cream and use it twice a day. Betty used the cream as directed but didn't

see any difference in her skin. Which of the following statements is NOT an ethical explanation of Betty's situation?

a$.$ Law is not a perfect mechanism for ensuring good corporate behavior.

b$.$ Laws address the lowest common denominator of socially acceptable behavior.

c$.$ Just because something is legal does not mean that it is ethical.

d$.$ Customers should not assume that all product labels are accurate.

$6.$ Steve is a high school math teacher and has group health insurance. However, his insurance policy has very high

deductibles and copays for prescription medicines. Steve sometimes has to choose between buying food and paying for his

prescribed insulin since he has diabetes. Finally, he gets desperate and steals food from a convenience store. What ethical

theory has Steve displayed in this case?

a$.$ Act utilitarianism

b$.$ Rule utilitarianism

c$.$ Casuist

d$.$ Moral relativism

$7.$ Jason Ford, the CEO of the Green$-$Plus Company, was known among businesspeople for his qualities of self$-$discipline,

friendliness, caring, courage, compassion, trust, and humility. This example shows that a being good is a character trait valued

as

a$.$ virtue

b$.$ moral

c$.$ casuist

d$.$ utilitarian

$8.$ Ben wants to do business in the Middle East where it is an accepted practice to give gifts to government officials. However,

Ben may not be able to carry out his plans because he doesn't want to violate The Foreign Corrupt Practices Act $($FCPA$),$ which

was enacted because Congress was concerned about $.$

a$.$ U$.$S$.$ corporations' use of illegal payments and bribes in international business dealings

b$.$ website operators obtaining verifiable consent from parents before collecting personal information about children under