Question 1

Which view of social responsibility says that the only responsibility of a business is to make a profit?
A) social responsiveness
B) public responsibility
C) legally irresponsible focus
D) economic responsibility
E) social security

Accepted Answer

The answer of Which view of social responsibility says that...

Question 2

Critics of the __________ perspective argue that many of today's business organizations wield significant power and have tremendous influence on a wide variety of public policies and regulations across the globe, and that to think otherwise is naive and foolish.
A) economic responsibility
B) legal responsibility
C) consumer responsibility
D) ethical responsibility
E) global responsibility

Accepted Answer

The answer of Critics of the __________ perspective argue that...

Question 3

Proponents of the __________ perspective argue that corporations cannot be moral agents, that once they begin to direct corporate resources to that end, they have violated their commitment to the owners of those assets or resources.
A) stakeholder responsibility
B) economic responsibility
C) ethical responsibility
D) global responsiveness
E) legal responsibility

Accepted Answer

The economic responsibility perspective holds that the primary responsibility of corporations is to their shareholders, and that their main goal should be to maximize profits. From this viewpoint, diverting resources for moral or ethical purposes is seen as a violation of the corporation's duty to its owners.

Question 4

The perspective of social responsibility that argues that the responsibility of business is to make a profit within the "rules of the game is referred to as
A) public responsiveness.
B) stakeholder responsibility.
C) ethical responsibility.
D) legal responsibility.
E) economic responsibility.

Accepted Answer

The perspective that argues the primary responsibility of business is to make a profit within the "rules of the game," which means operating within the law and ethical norms, is referred to as economic responsibility. This perspective emphasizes that businesses should focus on generating profit as their main goal, as long as they do so legally and ethically.

Question 5

Critics of the __________ perspective of social responsibility point to very large companies, such as Wal-mart, which is so huge that it influences prices and wages around the world, as reasons why companies should be concerned with more issues than to just maximize shareholder wealth.
A) stakeholder responsibility
B) public responsibility
C) philanthropic responsibility
D) economic responsibility
E) ethical responsibility

Accepted Answer

The economic responsibility perspective focuses on the primary goal of businesses to generate profit and maximize shareholder wealth, often criticized for overlooking broader social impacts such as price and wage influences by large corporations like Wal-mart.

Question 6

XYZ Corporation believes that corporate responsibility is to simply maximize shareholder wealth and engage in charitable contributions only if there are favorable tax ramifications for doing so. XYZ endorses which of the following perspectives?
A) philanthropic responsibility
B) economic responsibility
C) global responsibility
D) social responsiveness
E) shareholder responsibility

Accepted Answer

XYZ Corporation's approach aligns with economic responsibility, which focuses on maximizing shareholder wealth and making decisions based on financial benefits, such as favorable tax implications.

Question 7

The social responsibility perspective embraced by Milton Friedman which argues that corporations cannot be moral agents is known as the
A) corporate responsibility perspective.
B) legal responsibility perspective.
C) economic responsibility perspective.
D) consumer responsiveness perspective.
E) ethical responsibility perspective.

Accepted Answer

Milton Friedman's perspective is known as the economic responsibility perspective. He argued that the primary responsibility of corporations is to increase their profits, suggesting that businesses cannot be moral agents in the same way individuals are. This view emphasizes the economic role of businesses in society over social or ethical responsibilities.

Question 8

Which of the following perspectives of social responsibility argues that businesses should act in a way that is consistent with society's view of responsible behavior, as well as with established laws and policies?
A) legal responsibility
B) stakeholder responsibility
C) societal responsibility
D) economic responsibility
E) ethical responsiveness

Accepted Answer

The answer of Which of the following perspectives of social...

Question 9

Which perspective of social responsibility is based almost exclusively on the social contract premise and argues that businesses should comply with laws and broad patterns of public expectations?
A) global responsibility
B) ethical responsibility
C) philanthropic responsibility
D) economic responsibility
E) legal responsibility

Accepted Answer

Legal responsibility is based on the social contract premise, suggesting that businesses should adhere to laws and meet the broad patterns of public expectations, which is a fundamental aspect of operating within a society's legal framework.

Question 10

Federal law requires airbags for both the driver and front seat passenger of automobiles and light trucks. Several automobile manufacturers have the front seat airbags and side airbags, even though the side airbags are not required by law. These manufacturers are following the __________ perspective of social responsibility.
A) economic responsibility
B) consumer responsiveness
C) philanthropic responsiveness
D) ethical responsibility
E) stakeholder responsiveness

Accepted Answer

Manufacturers installing additional safety features like side airbags, beyond what is legally required, are acting from an ethical responsibility perspective. They are doing what is morally right for the safety and well-being of their customers, not just what is mandated by law.

Question 11

Federal law requires nutrition labeling on most packaged foods. The top part of the label is product specific and covers such things as serving size. The bottom part of the label contains information regarding the daily values (such as vitamins and minerals) contained in each serving. Many manufacturers also include information for people following specific diets, such as Weight Watchers. Providing the extra information for customers on diets would covered under the __________ perspective of social responsibility
A) economic responsibility
B) ethical responsibility
C) philanthropic responsiveness
D) legal responsiveness
E) ethical responsiveness

Accepted Answer

Providing extra information for customers on diets would be covered under the ethical responsibility perspective of social responsibility because it is the right thing to do and benefits society as a whole.

Question 12

According to its critics, a broad view of the __________ perspective may be confused with some things in the __________ perspective.
A) legal responsibility, ethical responsibility
B) economic responsibility, legal responsibility
C) legal responsibility, philanthropic responsibility
D) stakeholder responsibility, legal responsibility
E) ethical responsibility, legal responsibility

Accepted Answer

The answer of According to its critics, a broad view...

Question 13

Television stations that believe in the concept of social contract with the public, generally do not broadcast adult shows during prime time or family viewing times but may broadcast such shows late in the evening. These stations are following the __________ perspective of social responsibility.
A) economic responsibility
B) legal responsibility
C) consumer responsiveness
D) moral agency
E) ethical responsibility

Accepted Answer

The answer of Television stations that believe in the concept...

Question 14

Best Beverages sells alcoholic beverages to any customer who wants to buy such beverages. The clerks generally do not check a customer's age or identity.
A) Best Beverages is following the economic responsibility perspective by attempting to maximize profit.
B) Best Beverages is following the legal responsibility perspective because they feel that a broad segment of society does not think underage drinking is bad.
C) Best Beverages is following the philanthropic responsibility perspective because they donate generously to several community agencies.
D) Best Beverages is behaving illegally and its actions do not fit any of the social responsibility perspectives.
E) None of the other answers is correct.

Accepted Answer

Selling alcoholic beverages without checking the customer's age is illegal in many jurisdictions, as it can lead to underage drinking. This behavior does not align with any of the social responsibility perspectives, which include economic, legal, ethical, and philanthropic responsibilities.

Question 15

The perspective of social responsibility that argues that businesses should proactively seek to contribute to society in a positive way is referred to as
A) legal responsibility.
B) stakeholder responsibility.
C) philanthropic responsibility.
D) economic responsibility.
E) consumer responsibility.

Accepted Answer

Philanthropic responsibility refers to the belief that businesses should actively contribute to the welfare of society and engage in activities that go beyond their economic and legal obligations. This perspective emphasizes voluntary efforts to improve the community's quality of life.

Question 16

Corporations that go beyond society's expectations to contribute to the community follow the __________ perspective of social responsibility.
A) global responsiveness
B) community responsibility
C) philanthropic responsibility
D) ethical responsibility
E) economic responsibility

Accepted Answer

The philanthropic responsibility perspective of social responsibility refers to corporations going beyond societal expectations to contribute to the community, often through donations, community projects, and other forms of charity work.

Question 17

A major beer producer in the U.S. donates fresh drinking water to victims of national disasters throughout the country. When asked why his firm donates the supplies without any expectation of recovering its costs, the president of the company remarked, "We feel that businesses should proactively seek to contribute to society in a positive way. The organization acting this way is an example of which type of social responsibility?
A) stakeholder responsibility
B) public responsiveness
C) philanthropic responsibility
D) economic responsibility
E) ethical responsibility

Accepted Answer

The act of donating fresh drinking water to disaster victims without expecting any cost recovery is an example of philanthropic responsibility. This type of social responsibility reflects a company's desire to contribute to society's welfare beyond its economic and legal obligations, often through charitable donations, community service, and other acts of goodwill.

Question 18

Many businesses contribute to the United Way, not in hopes of receiving recognition for their contribution, but as a result of a genuine desire to improve the welfare of society. The act of contributing to the United Way for this reason is consistent with the __________ perspective of social responsibility.
A) stakeholder responsibility
B) public responsibility
C) social responsiveness
D) economic responsibility
E) global responsibility

Accepted Answer

The answer of Many businesses contribute to the United Way,...

Question 19

Teachers, PTA officials, band parents, and other school organizations know that if they need food and eating supplies for special events at their schools, they can go to the local Publix supermarket and request a donation. Publix not only regularly contributes to their local community schools but often partners with particular schools. This is an example of __________ responsibility.
A) community
B) philanthropic
C) social
D) ethical
E) economic

Accepted Answer

Philanthropic responsibility refers to the voluntary actions of a company to contribute to the well-being of the community, such as donations and partnerships with local schools, as described in the scenario.

Question 20

An organization's social behavior can be categorized according to two dimensions:
A) profitability and responsibility.
B) legality and responsibility.
C) legality and profitability.
D) morality and responsibility.
E) profitability and morality.

Accepted Answer

An organization's social behavior is often evaluated based on its adherence to legal standards (legality) and its commitment to ethical practices and social responsibilities (responsibility).

Quiz 3: Social Responsibility and Ethics

Which view of social responsibility says that the only responsibility of a business is to make a profit?

Critics of the __________ perspective argue that many of today's business organizations wield significant power and have tremendous influence on a wide variety of public policies and regulations across the globe, and that to think otherwise is naive and foolish.

Proponents of the __________ perspective argue that corporations cannot be moral agents, that once they begin to direct corporate resources to that end, they have violated their commitment to the owners of those assets or resources.

The perspective of social responsibility that argues that the responsibility of business is to make a profit within the "rules of the game is referred to as

Critics of the __________ perspective of social responsibility point to very large companies, such as Wal-mart, which is so huge that it influences prices and wages around the world, as reasons why companies should be concerned with more issues than to just maximize shareholder wealth.

XYZ Corporation believes that corporate responsibility is to simply maximize shareholder wealth and engage in charitable contributions only if there are favorable tax ramifications for doing so. XYZ endorses which of the following perspectives?

The social responsibility perspective embraced by Milton Friedman which argues that corporations cannot be moral agents is known as the

Which of the following perspectives of social responsibility argues that businesses should act in a way that is consistent with society's view of responsible behavior, as well as with established laws and policies?

Which perspective of social responsibility is based almost exclusively on the social contract premise and argues that businesses should comply with laws and broad patterns of public expectations?

According to its critics, a broad view of the perspective may be confused with some things in the perspective.

Television stations that believe in the concept of social contract with the public, generally do not broadcast adult shows during prime time or family viewing times but may broadcast such shows late in the evening. These stations are following the __________ perspective of social responsibility.

Best Beverages sells alcoholic beverages to any customer who wants to buy such beverages. The clerks generally do not check a customer's age or identity.

The perspective of social responsibility that argues that businesses should proactively seek to contribute to society in a positive way is referred to as

Corporations that go beyond society's expectations to contribute to the community follow the __________ perspective of social responsibility.

An organization's social behavior can be categorized according to two dimensions: