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Triple bottom line refers to


A) the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth.
B) the obligations an organization has to those who can affect achievement of its sales, profit, and market share objectives simultaneously.
C) the recognition of the need for organizations to be responsible simultaneously to shareholders, employees, and customers.
D) the obligations an organization has to practice profit, stakeholder, and societal responsibility simultaneously.
E) three different financial statements prepared in three different formats: one for governmental regulators, one for shareholders, and one for internal use.

F) A) and E)
G) B) and E)

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In terms of the Consumer Bill of Rights, the right to be heard means that


A) the U.S. Department of Commerce has the right to hear consumer complaints.
B) the American Marketing Association has the right to discipline marketers based on customer complaints.
C) consumers should have access to public-policy makers regarding complaints about products and services.
D) companies should have access to company representatives regarding complaints about fraudulent consumer practices.
E) consumers should have access to company representatives regarding new product ideas.

F) A) and B)
G) C) and E)

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Arrowhead brand Mountain Spring Water changed its bottle by reducing the size of its label by one-third, using 30 percent less plastic, and making the bottle more flexible for easier recycling. These efforts are part of the company's goal to engage in


A) sustainable development.
B) market development.
C) an oligopoly.
D) cause marketing.
E) environmental downsizing.

F) A) and C)
G) A) and D)

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The American Marketing Association Statement of Ethics identifies six key aspirational ethical values, one of which is


A) diversity.
B) profitability.
C) respect.
D) perseverance.
E) charity.

F) B) and D)
G) C) and D)

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Marketing efforts to produce, promote, and reclaim environmentally sensitive products are referred to as


A) green marketing.
B) lifecycle marketing.
C) cause marketing.
D) environmental marketing.
E) conservation marketing.

F) B) and C)
G) D) and E)

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Ultimately, ethical choices are based on


A) the personal moral philosophy of the decision maker.
B) societal culture and norms.
C) business culture and industry practices.
D) laws enacted by Congress and regulations by federal and state governments.
E) chance and opportunity.

F) B) and E)
G) B) and C)

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In 2013, Budweiser launched its first responsible drinking blimp. The airship, which carried the "Designate a Driver" message, toured across the United States, flying above major festivals, outdoor celebrations, and sporting events. Which of the following was the firm exhibiting?


A) stockholder responsibility
B) profit responsibility
C) utilitarianism
D) cause marketing
E) social responsibility

F) C) and D)
G) A) and E)

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The obligation organizations have to the preservation of the ecological environment and to the general public is referred to as


A) community responsibility.
B) stakeholder responsibility.
C) benefit marketing.
D) societal responsibility.
E) profit responsibility.

F) A) and C)
G) C) and E)

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The view that an organization has an obligation to those who can affect the achievement of its objectives is referred to as


A) social responsibility.
B) value consciousness.
C) benefit marketing.
D) stakeholder responsibility.
E) profit responsibility.

F) A) and B)
G) A) and E)

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Conducting business in a way that protects the natural environment while making economic progress is referred to as


A) green marketing.
B) sustainable development.
C) stakeholder responsibility.
D) the marketing concept.
E) environmental marketing.

F) A) and B)
G) A) and D)

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The maker of Wrigley chewing gum funded a $10 million ad campaign aimed at getting African Americans to use doctors for regular health care maintenance instead of only when they are sick. This is an example of


A) profit responsibility.
B) cause marketing.
C) stakeholder responsibility.
D) societal responsibility.
E) mass marketing.

F) A) and E)
G) D) and E)

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A social audit refers to


A) a systematic assessment of a firm's compliance to fair hiring practices and commitment to diversity.
B) a companywide assessment of employees at all levels to determine the compliance to the organization's code of ethics.
C) conducting business in a way that protects the natural environment while making economic progress.
D) a systematic assessment of a firm's objectives, strategies, and performance in terms of social responsibility.
E) the ability to understand one's own emotions and the emotions of people with whom one interacts on a daily basis.

F) B) and E)
G) A) and E)

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Stakeholder responsibility refers to


A) the view that an organization has an obligation to those who can affect the achievement of its objectives.
B) the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
C) the duty of a firm to maximize profits for its owners or stockholders.
D) the concept that no expansion or additional research and development will occur until a company is making a profit.
E) the idea that organizations are part of a larger society and are accountable to that society for their actions.

F) A) and B)
G) B) and C)

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All of the following are examples of economic espionage except which?


A) electronic hacking
B) trespassing
C) bribery
D) searching a competitor's trash
E) noncompete clause employment contract violations

F) B) and C)
G) C) and D)

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Converting socially responsible ideas into actions involves careful planning and monitoring of programs. Many companies develop, implement, and evaluate their social responsibility efforts by means of a(n)


A) social audit.
B) financial audit.
C) action plan.
D) tactical plan.
E) research plan.

F) A) and C)
G) C) and E)

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Gap Inc. ended its relationship with 23 foreign production facilities due to code violations. Several closings occurred because of the use of child labor. In response to these events, Gap Inc. created a large team whose purpose is to travel worldwide to ensure compliance with its Code of Vendor Conduct. This is an example of


A) cause marketing.
B) profit responsibility.
C) utilitarianism.
D) moral idealism.
E) social responsibility.

F) D) and E)
G) All of the above

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In the 1960s, President Kennedy outlined what is known as the Consumer Bill of Rights. This legislation represents limitations to the legal concept of ________ that was pervasive before that.


A) utilitarianism
B) self-regulation
C) economic espionage
D) consumerism
E) caveat emptor

F) C) and E)
G) A) and E)

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Which of the following is a major reason for the violation of ethics codes?


A) government regulation
B) family influence
C) lack of religious beliefs
D) fear of disciplinary action
E) lack of specificity

F) A) and D)
G) All of the above

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The legal concept of "let the buyer beware," which was pervasive in the American business culture before the 1960s, is referred to as


A) ad nauseum.
B) mea culpa.
C) quid pro quo.
D) c'est la vie​.
E) caveat emptor.

F) A) and C)
G) B) and C)

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Societal responsibility refers to


A) the obligation that organizations have to the preservation of the ecological environment and the general public.
B) the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
C) the view that an organization has an obligation to those who can affect the achievement of its objectives.
D) the duty of a firm to maximize profits for its owners or stockholders.
E) the idea that organizations are part of a larger society and are accountable to that society for their actions.

F) D) and E)
G) A) and E)

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