Question 1 Dove has an advertisement that notes it will donate $1 for each bottle sold to clean up an oil spill that is polluting ocean waters and the wildlife living there. This action is an example of O none of these O cause-related marketing O ethics O marketing Question 2 ABC Corp. sells cars. One of the cars has a faulty ignition switch, causing harm to its drivers. Will ABC Corp. likely be responsible for this harm it caused its customers? O No, under product liability, a manufacturer is not liable for harm that was unintentional O Not if ABC Corp, has a warning that the cars could injure you on the sales receipt Yes, under product liability, the manufacturer is liable, only if it is intentional Yes, under product liability, the manufacturer is liable, even if it is unintentional Question 3 In the fall of 2001, a company called admitted to fraudulent accounting practices concocted to overstate its income over a four-year period O Enron 0 Tyco O Worldcom O Adelphia Question 4 The following is considered a stakeholder to any organization: Employees O Customers O investors O all of the above Question 5 is what we must do, is what we should do O Ethics; Ethics O Ethics; Morals O The Law; Ethics O Ethics; The Law Question Your coworker, who is a good friend of your arrives ate. Your boss is not there that day, but calls in the afternoon to ask you if your coworker arrived timely This situation is best described as a O A conflict of interest Ethical dilemma O A conflict of loyalty An issue of integrity Question 7 This model of corporate social responsibility holds that to act in a socially responsible manner, businesses must maximize profits for shareholders while obeying the law. O Ethics The Shareholder Model (Friedman) O Utilitarianism The Stakeholder Model Question 8 Which of the following is the best definition of business ethics? O the practice of responding to morally problematic business situations the practice of competing fairly and declining to put your own interests above those of your company or its stakeholders the practice of obeying applicable business laws and regulations O the practice of making business decisions that are most beneficial to stakeholders Question 9 Ethics are: O a set of standards that govern the conduct of a person, especially a member of a profession follows the dictates of laws, which are written down and interpreted by the courts Laws we must follow O concerned with, or come from, an unwritten code of behavior concerning what's right or acceptable in a particular society Question 10 Most businesses follow this model of social responsibility, balancing its responsibilities toward different stakeholders (beyond maximizing profit) O ethics Utilitarianism The Stakeholder Model The Shareholder Model