Social Responsibiity- Chapter 4

30 Questions | Total Attempts: 197

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Social Quizzes & Trivia

Social responsibility is the term given to the ethical framework that suggests that an individual or organisation has an obligation to act for the benefit of society as a whole. What do you know about the concept?


Questions and Answers
  • 1. 
    Lumber is a non-renewable resource
    • A. 

      True

    • B. 

      False

  • 2. 
    OSHA is a federal agency that regulates workplace safety standards
    • A. 

      True

    • B. 

      False

  • 3. 
    Principles of mortality or rules of conduct are called ethics.
    • A. 

      True

    • B. 

      False

  • 4. 
    Your computer is an example of intellectual property.
    • A. 

      True

    • B. 

      False

  • 5. 
    The US government does not play a major role in the American economy.
    • A. 

      True

    • B. 

      False

  • 6. 
    A trademark is a word, letter, or symbol linked with a specific company or product.
    • A. 

      True

    • B. 

      False

  • 7. 
    Most goods and services you use are provided by the US government.
    • A. 

      True

    • B. 

      False

  • 8. 
    All public utility companies are owned and operated by state governments.
    • A. 

      True

    • B. 

      False

  • 9. 
    A monopoly exists when a business has control of the market for a product or service.
    • A. 

      True

    • B. 

      False

  • 10. 
    Government income is called revenue.
    • A. 

      True

    • B. 

      False

  • 11. 
    Removing workplace barriers for women and accommodating employees who are physically challenged are ways a business can contribute to
    • A. 

      Environmental protection

    • B. 

      Job safety

    • C. 

      Workplace diversity

    • D. 

      Employee wellness

  • 12. 
    All of the following are benefits of socially responsible activities EXCEPT
    • A. 

      Enhanced company image

    • B. 

      Money spent for wellness program may reduce company profits

    • C. 

      Reduced need for government regulations

    • D. 

      Improved quality of life

  • 13. 
    A set of rules guiding the actions of employees is called a(n)
    • A. 

      Code of ethics

    • B. 

      Mission statement

    • C. 

      Organization chart

    • D. 

      Statement of purpose

  • 14. 
    Government is mainly concerned with all of the following EXCEPT
    • A. 

      Raising revenue

    • B. 

      Buying goods and services

    • C. 

      Hiring private sector workers

    • D. 

      Regulating utilities

  • 15. 
    Contracts
    • A. 

      Must be wrtten to be valid

    • B. 

      Can be entered into by any two US citizens

    • C. 

      Need not be accepted to be valid

    • D. 

      Must be for a product or service that can be legally sold

  • 16. 
    Copyright protection lasts for
    • A. 

      The life of the copyright holder, plus 70 years after his death

    • B. 

      The life of the copyright holder

    • C. 

      20 years

    • D. 

      50 years

  • 17. 
    An example of a public utility would be
    • A. 

      Professional baseball team

    • B. 

      Fire department

    • C. 

      Insurance company

    • D. 

      Electric company

  • 18. 
    Government atttempts to prevent monopolies with
    • A. 

      Free trade zones

    • B. 

      Anti-trust laws

    • C. 

      Right to work laws

    • D. 

      Enterpise zones

  • 19. 
    The single largest employer in the US economy is
    • A. 

      Microsoft

    • B. 

      Walmart

    • C. 

      State, local and federal government

    • D. 

      McDonalds

  • 20. 
    The tax levied on the money you earn at your job is called
    • A. 

      Luxury tax

    • B. 

      Income tax

    • C. 

      Sales tax

    • D. 

      Inheritance tax

  • 21. 
    Business dealings involving companies in more than one state
    • A. 

      Interstate commerce

    • B. 

      Intrastate commerce

    • C. 

      Conditions of work

    • D. 

      Contract

  • 22. 
    Saving scarce natural resources
    • A. 

      Contract

    • B. 

      Condition of work

    • C. 

      Conservation

    • D. 

      Callibration

  • 23. 
    Gives the inventor sole right to make, use, or sell an item for 17 years
    • A. 

      Copyright

    • B. 

      Patent

    • C. 

      Logo

    • D. 

      Trademark

  • 24. 
    A tax levied on the value of land and buildings
    • A. 

      Sales tax

    • B. 

      Property tax

    • C. 

      Gift tax

    • D. 

      Estate tax

  • 25. 
    A tax levied on goods and services that is collected by the seller
    • A. 

      Property tax

    • B. 

      Sales tax

    • C. 

      Income tax

    • D. 

      Unemployment tax

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