Question 1

At the federal level,the _____ investigates suspicions of unethical or illegal behavior by publicly traded companies.

Accepted Answer

The SEC, or Securities and Exchange Commission, is responsible for regulating the securities industry, enforcing federal securities laws, and investigating unethical or illegal activities by publicly traded companies.

Question 2

______ refers to situation in which an employee must choose between a business's welfare and personal gain.

Accepted Answer

Conflict of interest describes a situation where an individual or organization must choose between the welfare of the business and personal gain, potentially compromising their decision-making due to personal interests.

Question 3

During the Olympics,several Nike ads were aired that demonstrated the company's sponsorship of various events.Nike was using _____ to align their marketing efforts with charitable giving.

Accepted Answer

Cause-related marketing involves aligning a company's marketing efforts with charitable causes or events to enhance brand image and consumer engagement.

Question 4

Consumer Rights include all of the following EXCEPT the right to _____.

Accepted Answer

The right to boycott is not considered a formal consumer right. Consumer rights typically include the right to choose, to be heard, and to be informed, among others, which are aimed at protecting consumers in the marketplace.

Question 5

On average,women with a college degree earn less money than men with a college degree.This is an example of _____.

Accepted Answer

This is an example of sexism, as it describes a situation where there is a disparity in earnings between men and women based on their gender, despite having the same level of education.

Question 6

In addition to financial assessments,Dominic has arranged for his company to conduct a(n)_____ to evaluate activities that relate to social issues such as employment practices,environmental protection,and philanthropy.

Accepted Answer

A social audit evaluates a company's involvement in social issues, including employment practices, environmental protection, and philanthropy, fitting the description provided.

Question 7

Age Discrimination in Employment Act of 1967 prohibits discrimination in employment against anyone age _________ in hiring,promotion,compensation,training,or dismissal.

Accepted Answer

The Age Discrimination in Employment Act of 1967 specifically prohibits employment discrimination against individuals who are 40 years of age or older.

Question 8

Which of the following is NOT an example of corporate philanthropy?

Accepted Answer

Paying local property taxes is a legal obligation for companies, not an act of corporate philanthropy, which involves voluntary support for the community or social causes.

Question 9

Which of the following was created to increase job opportunities for women and minorities and to help end discrimination based on race,color,religion,disability,gender,or national origin in any employment practice?

Accepted Answer

The Equal Employment Opportunity Commission (EEOC) was established to enforce federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy, transgender status, and sexual orientation), national origin, age (40 or older), disability or genetic information. It was created to increase job opportunities for women and minorities and to help end discrimination in employment.

Question 10

Matt was diagnosed with a serious illness that requires aggressive treatment.Because his company employs 50 or more people,it must allow Matt up to 12 weeks unpaid time off in one year,as granted by the _____.

Accepted Answer

The Family and Medical Leave Act (FMLA) requires employers with 50 or more employees to provide up to 12 weeks of unpaid, job-protected leave to eligible employees for certain family and medical reasons, including serious health conditions.

Question 11

Jennifer,an employee at a leading IT company,is subjected to sexual harassment on a regular basis.She also learns that there are other such cases in the company,and that very few people have reported them to the appropriate authority.Which of the following laws will best protect employees from such harassment?

Accepted Answer

The Civil Rights Act of 1991 strengthens and improves federal civil rights laws, providing better protection against discrimination and harassment in the workplace, including sexual harassment. This makes it the most relevant law for protecting employees like Jennifer from sexual harassment.

Question 12

Jose's boss has offered him a raise if Jose agrees to spend the night with her.This is an example of _____.

Accepted Answer

This scenario is an example of sexual harassment, where someone in a position of power is making unwelcome sexual advances or requests for sexual favors a condition of employment or employment benefits.

Question 13

Timbonei Inc.allows its employees to take paid six-month sabbatical leaves to work for non-profit organizations.This is an example of _____.

Accepted Answer

Corporate philanthropy involves companies engaging in activities that promote the welfare of others, typically through donations or supportive programs like allowing employees to take paid sabbaticals to work for non-profit organizations.

Question 14

Owing to the vast devastation caused by a hurricane in Gyvenopolis,Pandaal Inc.,a food company,decided to supply its 1000 cartons of food products for free to the affected region.This is an example of _____.

Accepted Answer

Corporate philanthropy refers to the charitable acts or donations made by a company to support social causes or communities. In this scenario, Pandaal Inc. is donating food products to a region affected by a hurricane, which is a form of corporate philanthropy aimed at providing relief and support.

Question 15

Which of these best describe a biased treatment of a job candidate or employee?

Accepted Answer

Discrimination refers to the unfair or prejudiced treatment of individuals based on characteristics such as race, gender, age, or sexual orientation, which can manifest in biased treatment of a job candidate or employee.

Question 16

Roderick works in an organization that manufactures goods that is in compliance with the standards set by the Federal Trade Commission.All of its products have little or no ill effect on the environment and hence has earned itself a nice reputation in the industry.The company's marketing strategy is therefore developed on its reliance on safer and cleaner uses of resources.The company is practicing _____ marketing.

Accepted Answer

The company's marketing strategy focuses on its commitment to using resources in a way that has little or no negative impact on the environment, which aligns with the principles of green marketing. Green marketing involves promoting products or services based on their environmental benefits.

Question 17

Which of these describes reprocessing used materials so that they can be reused?

Accepted Answer

Recycling is the process of collecting and processing materials that would otherwise be thrown away as trash and turning them into new products. This conserves resources and reduces pollution.

Question 18

Which federal agency is responsible for ensuring the safety of prescription drugs?

Accepted Answer

The FDA (Food and Drug Administration) is responsible for ensuring the safety of prescription drugs, along with food safety, medical devices, and other health-related products.

Question 19

According to _____ standards,when a drug company purchases a television ad,the company is required to describe potential side effects of the drug,or at least provide a phone number or Web site address for additional information.

Accepted Answer

The Food and Drug Administration (FDA) regulates the advertising of prescription drugs in the United States, including the requirement to disclose potential side effects or provide information on where such details can be found.

Question 20

All of the following are current social issues related to business's responsibilities to employees EXCEPT _____.

Accepted Answer

Discrimination against workers under 40 years of age is generally not recognized as a widespread social issue in the context of business responsibilities to employees, unlike the other options listed. Age discrimination laws typically focus on protecting older workers.

Quiz 2: Business Ethics and Social Responsibility