Test Bank Business & Society 8th Edition O.C. Ferrell, Linda Ferrell, Debbie Thorne, 9781948426510 (Chapters 1-13).
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Business Finance
Test Bank Business & Society 8th Edition O.C. Ferrell, Linda Ferrell, Debbie Thorne, 9781948426510 (Chapters 1-13).
Business & Society, A Strategic Approach to Social Responsibility & Ethics, 8th Edition Ferrell (Test Bank).
Business and Society Eight Edition Ferrell Test Bank.
TEST BANK
Test Bank for Business & Society
8th Edition by O.C. Ferrell, Linda Ferrell, Debbie Thorne
BUSINESS & SOCIETY
EIGHTH EDITION
FERRELL, THORNE
, Table of Contents:-
Chapter 1 Social Responsibility Framework
Chapter 2 Strategic Management of Stakeholder Relationships
Chapter 3 Corporate Governance
Chapter 4 Business, Government and Regulation
Chapter 5 The Impact of Business on Government and the Political
Environment
Chapter 6 Business Ethics and Ethical Decision-Making
Chapter 7 Strategic Approaches to Improving Ethical Behavior
Chapter 8 Employee Relations
Chapter 9 Consumer Relations
Chapter 10 Community Relations and Strategic Philanthropy
Chapter 11 Technology Issues
Chapter 12 Sustainability Issues
Chapter 13 Social Responsibility in a Global Environment
, TEST BANK Business & Society 8th Edition O.C. Ferrell
A Strategic Approach to Social Responsibility & Ethics
Chapter 01: Social Responsibility Framework
Multiple Choice Questions
1. What is Stage 1 of social responsibility requirements?
a. philanthropic activities
*b. financial viability
c. ethics, principles, and values
d. compliance with legal and regulatory requirements
page 9
2. Which of the following is one of the four types of corporate social responsibility?
a. global
b. technological
c. competitive
*d. philanthropic
page 10
3. The most basic principles have been codified into _______________ to require that companies
conduct themselves in ways that conform to society’s expectations.
*a. laws and regulations
b. ethical values
c. economic principles
d. environmental regulations
page 10
4. Society enforces its expectations regarding the behavior of businesses through
_______________.
a. boycotts and demonstrations
b. the media
*c. the legal system
d. self-regulation
page 9
5. Business ethics refers to:
a. regulations and laws that guide companies in their business decisions.
b. companies refraining from forming monopolies or restricting competition in any way.
*c. the principles, values, and norms that guide individual and group behavior in the world of
business.
d. unique industry and professional factors that influence employees.
page 9
, 6. In the 1990s, employees turned to a more holistic approach to work and life, characterized by
which of the following?
a. an increase in job loyalty
b. more concern for compensation
*c. higher expectations for responsible and respectable business practices
d. the elimination of management positions
page 13
7. Flatter organizations brought about due to the economic instability of the 1980s and early
1990s meant workforce reduction but also entailed _______________.
*a. increasing empowerment of lower-level employees
b. more opportunities for outstanding employees to move into management
c. additional pay for employees
d. more employment by large companies
page 13
8. What is the glue that holds organizations together and allows them to focus on efficiency,
productivity, and profits?
a. competence
b. diversity
*c. trust
d. respect
page 20
9. Many studies have identified a positive relationship between social responsibility and
_______________.
*a. financial performance
b. government penalties
c. better supplier agreements
d. talented employees
page 23
10. Which of the following refers to a company’s formal system of accountability, oversight, and
control?
*a. corporate governance
b. the common good
c. employee well-being
d. legal responsibility
page 6
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