A) the obligation of a firm to price its goods or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit.
B) the duty of a firm to maximize profits for its owners or stockholders.
C) the view that an organization has an obligation only to those constituencies which can affect achievement of its objectives.
D) the concept that no expansion or additional research and development will occur until a company is making a profit.
E) the view that a portion of profit (after taxes) should be reinvested in a socially or environmentally beneficial endeavor.
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Multiple Choice
A) to privacy
B) to be informed
C) to be treated with respect
D) be treated without prejudice
E) to safety
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Multiple Choice
A) supply-demand continuum.
B) penetration pricing strategy.
C) profit responsibility.
D) human relations options.
E) corporate resource development.
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Multiple Choice
A) Lanham Act.
B) Fair Practices Act.
C) Caveat Emptor Decree.
D) Consumer Bill of Rights.
E) Customer Consent Decree.
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Multiple Choice
A) New advances in fabric manufacturing, such as dirt repellant fibers, made the need for the product obsolete.
B) The product accidentally violated patent rights of a competitor.
C) Traces of a potentially harmful chemical were found in humans so the product was voluntarily halted.
D) New governmental legislation banned the production of one of the product's component chemicals.
E) The firm developed a new product that cost significantly less to produce, resulting in a significantly higher profit margin.
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Multiple Choice
A) altruism
B) utilitarianism
C) existentialism
D) moral idealism
E) socialism
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Multiple Choice
A) corporate business mission.
B) Employee Bill of Rights.
C) code of ethics.
D) executive mission statement.
E) values statement.
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Multiple Choice
A) profit responsibility.
B) cause marketing.
C) stakeholder responsibility.
D) mass marketing.
E) societal responsibility.
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Essay
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View Answer
Multiple Choice
A) taking kickbacks.
B) economic espionage.
C) tying arrangements.
D) slotting allowances.
E) industrial bribes.
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Multiple Choice
A) cause marketing
B) green marketing
C) sustainable development
D) moral idealism
E) utilitarianism
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Essay
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View Answer
Multiple Choice
A) an activity that is legal and ethical.
B) caveat emptor.
C) an activity that is illegal but ethical.
D) an activity that is illegal and unethical.
E) a strategic alliance.
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Multiple Choice
A) the practice of using environmentally safe methods to maintain and clean industrial plants.
B) the practice of using natural organic cleansers for removing dirt and bacteria from organically grown produce.
C) the practice of making an unsubstantiated or misleading claim about the environmental benefits of a product, service, technology, or company practice.
D) the practice of making scientifically substantiated claims about the environmental benefits of a product, service, technology, or company practice.
E) a marketing program designed to stress the environmental benefits of a product, service, technology, or company practice.
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Multiple Choice
A) market share
B) growth
C) standards of excellence
D) profitability
E) market strength
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Multiple Choice
A) If you are an ethical person, you should act according to your instincts.
B) Realistically speaking, in order to stay in business, all businesses must occasionally behave unethically.
C) All businesses will act unethically unless forced by consumers to act morally.
D) There is nothing consumers can do to stop unethical business activities.
E) Boycotting a product without knowing the facts can be viewed as unethical.
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Multiple Choice
A) philanthropic marketing.
B) goodwill marketing.
C) public relations marketing.
D) transactional marketing.
E) cause marketing.
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Multiple Choice
A) right to choose.
B) right to be informed.
C) right to be treated courteously.
D) right to safety.
E) right to happiness.
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Multiple Choice
A) whistle-blowers.
B) scabs.
C) cronies.
D) corporate snitches.
E) ombudsman.
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Multiple Choice
A) cooperative contribution.
B) tie-in contributions.
C) cause marketing.
D) philanthropic partnership.
E) cause-related promotion.
Correct Answer
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