Question 1

Which of the following is an example of a trademark infringement?

Accepted Answer

Trademark infringement occurs when a company uses names, logos, or other identifying marks of another company without permission. Selling counterfeit products under the names and logos of more famous brands is an example of trademark infringement. The other choices do not involve the unauthorized use of trademarks.

Question 2

Product liability laws are those which ________.

Accepted Answer

Product liability laws are designed to protect consumers from harm caused by defective products. These laws hold manufacturers, distributors, and sellers accountable for the safety of their products, and provide legal recourse for those who are injured or suffer damages as a result of product defects.

Question 3

________ is the layer of corporate social responsibility whereby a corporation donates money and,perhaps,employee time toward a specific social cause.

Accepted Answer

Traditional philanthropy is the layer of corporate social responsibility whereby a corporation donates money and, perhaps, employee time toward a specific social cause. Risk management refers to managing potential risks associated with social or environmental issues. Strategic CSR is the integration of socially responsible practices into a company's overall strategy, and socialist CSR is not a commonly used term in the field of CSR.

Question 4

________ measures the indirect carbon dioxide emissions from the whole life cycle of products-from their manufacture to eventual breakdown.

Accepted Answer

The definition provided in the question describes the secondary footprint. The primary footprint only measures direct emissions from a single source, while the tertiary footprint is not a commonly used term in carbon footprint calculations. The internalized footprint refers to the costs and benefits of a company's activities that are not reflected in the market price, and is not specific to carbon emissions.

Question 5

The ________ view states that a company should adopt local ethics wherever it operates because all belief systems are determined within a cultural context.

Accepted Answer

The cultural relativist view holds that ethical standards are relative to the culture in which they are found, so a company operating in multiple cultures should adopt the local ethics of each culture. Friedman argues that companies should only focus on maximizing profits, while the righteous moralist view holds that a company should follow its home-country ethics wherever it operates. The utilitarian view prioritizes the greatest good for the greatest number of people.

Question 6

________ is the layer of corporate social responsibility whereby a company develops a code of conduct that it will follow in its global operations and agrees to operate with greater transparency.

Accepted Answer

The answer of ________ is the layer of corporate social...

Question 7

________ is the environmental impact of greenhouse gases (measured in units of carbon dioxide)that results from human activity.

Accepted Answer

Carbon footprint is the term used to refer to the environmental impact of greenhouse gases that result from human activity. It is usually measured in units of carbon dioxide equivalents.

Question 8

________ is the layer of corporate social responsibility in which a business builds social responsibility into its core operations to create value and build competitive advantage.

Accepted Answer

Strategic CSR involves integrating social responsibility into a company's core operations to create value and competitive advantage. It goes beyond traditional philanthropy and ad hoc corporate social responsibility initiatives and instead focuses on identifying how social responsibility can contribute to a company's overall strategy and bottom line. It also includes risk management, but in a more proactive and strategic way. Political polity, on the other hand, refers to a company's involvement in political and public policy processes.

Question 9

Horizon Ltd.is a software company that,over the last year,incorporated social responsibility into its core operations to create value and build competitive advantage.Which layer of corporate social responsibility does Horizon Ltd.function at?

Accepted Answer

Horizon Ltd. incorporated social responsibility into its core operations to create value and build competitive advantage, indicating that they are engaged in strategic CSR, which focuses on integrating social responsibility into the company's overall strategy and operations.

Question 10

Which of the following functions does a copyright perform?

Accepted Answer

Copyright gives creators of original work the exclusive right to publish or dispose of their work as they choose. It does not protect trade secrets (that's the role of a trade secret law), prevent monopolies (that's the role of anti-trust laws), or distinguish products and manufacturers (that's the role of a trademark law).

Question 11

Which of the following do governments impose upon people to help pay for the consequences of using a particular product?

Accepted Answer

Consumption taxes, also known as excise taxes, are imposed on specific goods and services, such as alcohol, tobacco, and gasoline, to help offset the costs associated with their use. These taxes are intended to discourage consumption of these products and raise revenue for the government. Income taxes, property taxes, and value-added taxes are not specifically tied to the use of a particular product.

Question 12

Which of the following philosophies maintains that a company's sole responsibility is to maximize profits for its owners?

Accepted Answer

The Friedman view, named after economist Milton Friedman, maintains that a company's sole responsibility is to maximize profits for its owners. This perspective is based on the belief that businesses should operate in a free and open market and that social responsibility is the responsibility of individuals, not corporations.

Question 13

Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz,a global drinks-manufacturing company.She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so.
-Susan decides not to set up production facilities in Konesia because its business laws are vague and are often interpreted according to the convenience of the government.Bribery is a common feature in conducting business deals there and a refusal to pay up is not an option.What kind of government does Konesia have?

Accepted Answer

Konesia's government is totalitarian, as it has vague business laws that are interpreted according to the convenience of the government and bribery is a common feature in conducting business deals. Totalitarian governments have complete control over all aspects of their citizens' lives, including the economy and business practices.

Question 14

On a recent trip to Hong Kong,a group of tourists found several Prada bags being sold on the pavement.They cost only a few dollars and were clearly fake;though they bore the Prada trademark.This is an example of ________.

Accepted Answer

This is an example of piracy, which involves the unauthorized production and sale of counterfeit goods that bear trademarks of well-known brands.

Question 15

Shimmer and Sparkle is an American jewellery store which discovers that several shops in developing countries are selling counterfeited necklaces under their name and label.Which of the following problems are they facing?

Accepted Answer

Shimmer and Sparkle is facing trademark infringement, as other shops are selling counterfeit jewellery under their brand name and label without permission.

Question 16

Which of the following philosophies maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates?

Accepted Answer

The utilitarian view maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates. This view focuses on the overall outcome of a company's actions and weighs the benefits versus the harms to all stakeholders.

Question 17

Which of the following does the secondary footprint measure?

Accepted Answer

The secondary footprint measures indirect carbon dioxide emissions, which includes emissions caused by the production and transportation of goods and services that an individual consumes.

Question 18

Laws designed to prevent companies from fixing prices,sharing markets,and gaining unfair monopoly advantages are called ________.

Accepted Answer

Laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages are called antitrust laws. These laws aim to promote fair competition and prevent the concentration of power in the hands of a few dominant players in the market.

Question 19

The ________ view says that a company should maintain its home-country ethics wherever it operates because the home-country's view of ethics and responsibility is superior to others' views.

Accepted Answer

The righteous moralist view believes that a company should maintain its home-country ethics wherever it operates because the home-country's view of ethics and responsibility is superior to others' views. Friedman believes that a company's sole responsibility is to make a profit for its shareholders. Cultural relativism believes that ethical behavior is determined by the cultural context. Utilitarianism focuses on maximizing overall happiness or well-being.

Question 20

Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz,a global drinks-manufacturing company.She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so.
-Susan thinks that it would be easiest setting up production facilities in a country whose government leaders are elected directly by the wide participation of the people or by their representatives.Which of the following political systems should the country have?

Accepted Answer

A democratic political system is characterized by free and fair elections, where citizens have the right to vote for their leaders directly or through representatives. This type of political system promotes wider participation by the people in the decision-making process. Hence, it would be easier for Susan to set up production facilities in a country with a democratic political system. The other political systems listed (anarchist, theocratic, and fascist) do not promote wide participation of the people in the decision-making process.

Quiz 3: Politics, Law, and Business Ethics