______ corporate social responsibility focuses on profitability and doing what is right, just, and fair. a. Ethical b. Social c. Benevolent d. Legal
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- Which of the following is NOT true regarding agency costs and agency problems? Group of answer choices A)The cost of video cameras installed in stores to limit shirking by managers is a direct agency corporation B)A number of features of a modern economy moderate the potential impact of agency costs. C)A store manager purchases a corporate jet without authorization. This is an example of a direct agency cost. D)The potential for agency problems are larger in a corporation than in a sole proprietorship.Direction: Make a graphic organizer on the responsibilities andaccountabilities of entrepreneurs to: (a) employees (b) government (c)creditors.If codes of ethics are intended only to ensure that company policies are legal, they do not serve their proper purpose true false
- Which of the following shows poor ethical judgment? a. A retail store raising prices to cover increases in costs. b. A corporate executive shredding documents that may be needed in a law suit. c. A supermarket offering lower-quality merchandise to meet their customers' price needs. d. Opening a very high quality store selling only extremely expensive merchandise. e. Comparing your product directly with that of a competitor in an advertisementAmerican Express established a consulting program that sent expert teams of employees into nonprofits to solve organizational problems. This can be considered an example of: (CSLO 7) A. An in-kind contribution. B. Skills-based volunteerism. C. Community-based philanthropy. D. Organizational support. Which of these statements is (are) true regarding the general public? (CSLO 4, 7) A. They deal with businesses through an economic exchange. B. This organizational stakeholder consists of individuals and groups found in society . C. They are unable to influence a firm's reputation. D. All of the above.III. Write True on the space if the statement is correct. If it is false, explain why it is so. 1. Partnerships are formed for a specific purpose or advocacy which is to serve the common good of the public.2. Corporate social responsibility is a business concept that focuses on measurable business value by identifying and addressing social problems that affect the business. 3. Common cultural assumptions include the taken-for- granted truths that exist mostly in the unconscious level and are shared by the members of an organization as a result of their collective experience with the organization. 4. Small enterprises in the Philippines require a capitalization of P3 000 000.00 and have 10 to 99 employees.5. Compliance-based culture focuses on a particular set of values rather than a set of rules. 6. Buddhism consists of a rigid system of beliefs that sets the customs of its followers. 7. The habit of bahala na leads one to put off until tomorrow what he or she can do today.8.…
- Using a domain name that is an identical or similar to the trademark of another is: a) legal because it is a clever marketing ploy. b) legal because it is a fair use. c) legal because it is a safe harbor. d) illegal. 3) Transferring copyrighted music recordings to others, without the copyright owners’ authorization, is: a) goodwill. b) a fair use. c) illegal. d) a license. 4) Discharging an employee who uses social media in a way that violates the employer's stated social media policies is: a) within the employer's rights. b) a violation of the employee's rights. c) a violation of an Internet service provider's rights. d) a violation of the social media's rights. 5) Cybercrime can best be defined as: a) a crime against property. b) not a new type of crime but a new way of committing crime—in cyberspace. c) a crime that necessarily also involves a tort. d) organized crime.The most important influence on ethics in a small business isa. the accountant or bookkeeper who keeps honest financial records.b. the salesperson who quotes a fair price to customers.c. the founder or owner whose values are put into practice.d. the existence of a written code of ethics.Which of the following is not one of the International code of Corporate Governance? a) On retiring, a Chief Executive should become a chairman. b) The role of Chairman and chief executive officer should be separated c) At least half the board, excluding the chairman, should comprise non-executive directors d) Levels of remuneration should be sufficient to attract and retain directors
- Which of the following is a normative argument for why firms should behave ethically? a. To meet the firm's legal obligations b. To increase the firm's profitability c. To ensure that the firm does no harm d. To honor the demands of the firm's stakeholders e. To create a competitive advantage in the firm's marketFoundations can fund political campaigns. A. True B. FalseAnother commonly used phrase, “I only work here,” implies that one is not personally accountable for the company rules because one does not make them. It also suggests that one wishes to restrict one’s area of responsibility within tight bounds as defined by those rules. In light of the discussion in Engineering as Experimentation, respond to the potential implications of this phrase and the attitude it represents when exhibited by engineers.