Intro to Business Unit 6 Topic 2 Test Review

Front

What are standards of behavior set by a society for its citizens?

Back

ethics

Front

True or False: Unethical or unsustainable business practice can hurt the business by creating bad publicity and influencing customers to take their business elsewhere.

Back

True

Front

Which of the following is a reason companies outsource?
to build better relationships with workers
to take advantage of cheaper, unskilled labor
to ensure a safe working environment
to encourage more laws and regulations they need to follow

Back

to take advantage of cheaper, unskilled labor

Front

What is it called when countries use retaliatory tariffs on one another's products?

Back

trade war

Front

What are the taxes placed on foreign imports that are applied to protect domestic industries called?

Back

tariffs

Front

A business actively participates in giving back to the community through charitable initiatives, donations, and activities. In what area of social responsibility are they participating?

Back

philanthropy

Front

Which of the following options is an example of an ethical business practicing socially responsible behavior beyond simply following legal requirements?
Options:
requiring managers to document employee accidents in order to provide a mandatory report to a governmental organization,
creating a new procedure to eliminate unnecessary waste and resource use in the company's production process,
agreeing to manufacture and supply another company with available input goods the company needs at a large profit to the business,
reducing the use of a chemical within the production process that is hazardous to employees based on new regulations

Back

creating a new procedure to eliminate unnecessary waste and resource use in the company's production process