Introduction to Business

Section 2: Social Responsibility

Self-Checks

1.
Social responsibility is the duty to do what is best for the good of ______ .
A)customers
B)society
C)employees
D)shareholders
2.
The social responsibility of business takes into consideration all that business ______ to solve the problems of society.
A)does
B)does and does not do
C)does not do
D)should do
3.
When businesses are committed to following ethical standards, ethics are an ______ part of their business practices.
A)active
B)oblivious
C)integral
D)unimportant
4.
The Federal Trade Commission is concerned with ______ .
A)product safety
B)workplace safety
C)trade barriers
D)securities trading
5.
Fair competition is a major component of a ______ economy.
A)central
B)market
C)command
D)robust
6.
When a firm does not have to compete, its productivity ______ .
A)decreases
B)increases
C)deflates
D)inflates
7.
If a company treats workers fairly, it is likely to have ______ turnover.
A)concentrated
B)low
C)high
D)scattered
8.
The ______ requires that men and women be paid the same wages for doing equal work.
A)American Pay Act
B)Equal Rights Act
C)Equal Pay Act
D)Pay Equity Act
9.
Rules that protect the environment and control pollution are enforced by the Environmental ______ Agency.
A)Parity
B)Pollution
C)Participation
D)Protection
10.
One goal of the Sarbanes-Oxley Act is to insure that companies keep ______ accounting records.
A)accurate
B)erroneous
C)additional
D)limited
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