Question 1

Cash donations of equipment and products and support for volunteer efforts of employees are all aspects of which of the following?

Accepted Answer

Cash donations, support for volunteer efforts, and donating equipment and products are all examples of corporate philanthropy.

Question 2

The impact of working women has been overestimated as a factor in social change.

Accepted Answer

Working women have had a significant impact on social change, particularly in terms of gender equality and the workforce. They have challenged traditional gender roles and expectations, increased economic independence, and influenced policies and laws related to gender equality. Numerous studies have documented the positive effects of women's employment on their own well-being and that of their families. Therefore, the impact of working women should not be underestimated or dismissed.

Question 3

Component lifestyles have evolved because consumers can choose from a growing number of goods and services,and most have the money to exercise more options.

Accepted Answer

Component lifestyles refer to the ability of consumers to customize and assemble their ideal lifestyles by choosing from a variety of goods and services available in the market. This is facilitated by an increase in disposable income and a wider range of choices available to consumers.

Question 4

A trend today is toward a new "social contract" or understanding between employer and employee.Which of the following aspects of job security is suggested by the contract?

Accepted Answer

The new "social contract" suggests that traditional job security, as was once expected from employers, is no longer possible due to changes in the global economy, technology, and organizational structures.

Question 5

Which of the following statements about whistle blowers is most accurate?

Accepted Answer

The protection for whistle blowers in Canada is primarily related to health and safety issues, as outlined in the Canada Labour Code and various provincial laws. This protection extends to both employees and contractors who report violations or potential violations in good faith. While protection may vary by province and industry, it is generally recognized that whistle blowers are entitled to protection from retaliation or reprisal. While there have been instances of whistle blowing in Canada, it is difficult to quantify the exact number due to concerns over retaliation and confidentiality.

Question 6

Which of the following is the practice of tying philanthropy to the corporate mission or goals,and targeting donations to regions where the company operates?

Accepted Answer

Strategic giving is the practice of tying philanthropy to the corporate mission or goals, and targeting donations to regions where the company operates. Social investing refers to investing with the intention of generating both financial returns and social/environmental impact. Strategic paternalism and social philanthropy are not commonly used terms in this context.

Question 7

Generation Y individuals tend to enjoy participating in high action activities.

Accepted Answer

The answer of Generation Y individuals tend to enjoy participating...

Question 8

A multinational company that implements ethical guidelines within the organization in the host country will foster which of the following behaviours?

Accepted Answer

Implementing ethical guidelines within the organization in the host country fosters respect for both local and international laws. It signals to employees and stakeholders that the company values ethical behavior and is committed to abiding by the laws and regulations of the host country as well as the international community, which can help build trust and positive relationships with local communities. This can also help prevent legal and reputational risks that may arise from unethical behavior. Resentment is not likely to be a result of implementing ethical guidelines, as it promotes responsible and accountable business practices.

Question 9

Demographics is the study of people's vital statistics,such as their age,race and ethnicity,and location.

Accepted Answer

Demographics is indeed the study of people's vital statistics, including age, race and ethnicity, and location.

Question 10

Which of the following are aspects of the new social contract trend between employer and employee?

Accepted Answer

The new social contract trend emphasizes the importance of paying employees based on their contributions and value to the organization. It does not guarantee job security or remove the employee's responsibility to add value and perform interesting work.

Question 11

Because social factors such as attitudes,values,and lifestyles influence consumers' choices,it is difficult for business to predict what will appeal to a 34-year-old married woman,living in the suburbs,working in an urban downtown location,with 2 children who play soccer.

Accepted Answer

Social factors such as attitudes, values, and lifestyles are highly individualized and can vary widely even within a specific demographic group. Therefore, it is difficult for businesses to accurately predict what will appeal to a specific person based solely on demographic information.

Question 12

Demographics can be used to try to predict or forecast buying patterns among a population.

Accepted Answer

Demographics provide information about characteristics such as age, gender, income, education, and ethnicity, which can be used to gain insights into consumer behavior and make predictions about buying patterns.

Question 13

Component lifestyles refers to buying goods and services at different stages of life.

Accepted Answer

Component lifestyles refer to the practice of choosing goods and services that meet one's diverse needs and interests rather than conforming to a single, traditional lifestyle.

Question 14

Working women respond to marketing approaches in the same way as working men do.

Accepted Answer

Working women and working men often have different perspectives, priorities, and interests, which can lead them to respond differently to marketing approaches. Marketers frequently tailor their strategies to more effectively appeal to the distinct preferences and needs of each gender.

Question 15

Which of the following statements is most accurate in relation to global ethics?

Accepted Answer

In relation to global ethics, it is important for a multinational corporation to involve stakeholders in the host country in decision making. This demonstrates respect for the local culture, traditions, and values. Adhering to local ethics is also important, but it should be guided by global standards of ethical conduct. Making only short-term commitments to the host country is not a good business practice and may harm the company's reputation. Global standards should not override local practices and customs, but rather should complement and respect them.

Question 16

In evaluating an ethical problem,managers can use which of the following tests to determine the most ethical response?

Accepted Answer

The three questions test involves asking three key questions to evaluate the ethicality of a decision or action. These questions are: 1) Is it legal? 2) Is it balanced? (i.e., does it strike a fair balance between different interests and stakeholders?) and 3) How does it make me feel? (i.e., does it align with my personal values and beliefs?). This test helps managers to consider both the objective and subjective aspects of ethical decision-making.

Question 17

Computer firms that link their product donations to schools with their corporate goals are practising which of the following?

Accepted Answer

Strategic giving refers to the practice of linking corporate product donations to schools or other organizations with the company's overall goals and objectives. This type of giving is often seen as a way to build brand awareness, improve employee morale, or support specific corporate initiatives.

Question 18

Trends in the social environment are an aspect of the PEST model of the business environment.

Accepted Answer

Trends in the social environment, along with political, economic, and technological trends, are considered as part of the PEST model for analyzing the business environment.

Question 19

There is a strong business case for practising business integrity and behaving in a socially responsible manner.

Accepted Answer

Practicing business integrity and behaving in a socially responsible manner can help businesses build trust and reputation, attract and retain customers, develop positive relationships with stakeholders, and reduce legal and financial risks. It can also positively impact employee morale and productivity, and contribute to the sustainable development of society and the environment. Therefore, there is a strong business case for practicing business integrity and behaving in a socially responsible manner.

Question 20

Home Depot,the building store company,supplies all the materials and the labour expertise for Habitat for Humanity,a charitable home-building program.Senior management believes that this type of philanthropy better reflects the company's commitment to the community than simply donating money to charitable causes.This is an example of which of the following?

Accepted Answer

This is an example of strategic giving, where the company is investing its resources and expertise to support a charitable cause that aligns with its values and mission. It is not social investing, which typically involves investing in companies with a strong social or environmental record, or social philanthropy, which is more focused on traditional charitable giving without the strategic element. Strategic paternalism is not a recognized term or approach to corporate social responsibility.

Quiz 3: Social Trends, social Responsibility, and Making Ethical Decisions in Business