Social Responsibiity- Chapter 4
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?
- 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
Questions: 10 | Attempts: 78469 | Last updated: Oct 29, 2021
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