QUESTION Resource development focuses on studying the factors of production. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: This area of study examines how to develop the resources for creating and best utilizing goods and services. Factors of production are the means for developing goods and services.
QUESTION Which of the following, if true, undermines the customer representative’s ethical position? A) The representative knows that a snowstorm has disrupted travel at the hub through which the faucets will be shipped, so there is no way they will arrive by Tuesday. B) The contract with the home-building company is important to win, as […]
QUESTION Which of the following, if true, justifies the customer representative’s ethical position? A) The home-building firm sometimes picks up shipments of supplies several days after they arrive. B) The customer rep knows that if the faucets do come in early, the home-building firm will choose to do business with them more often. C) The […]
QUESTION Bexhill’s CEO discovers that in short-term contracting with Okoli during survey activities but before Okoli had secured the long-term operations contract, Okoli made a payment to Bexhill. Which of the following, if true, best suggests that the payment was ethically acceptable? A) There are no laws against such payments in Nigeria. B) Okoli received […]
QUESTION Which of the following, if true, most strengthens the case that the timing of BrightLine’s new model release may be unethical? A) The new model is priced the same as the old model. B) Smartphone users like their phones to have all of the latest features. C) Smartphone components contain toxic materials that end […]
QUESTION As a cost-saving move, the CEO is considering having as much as possible of the labor in Nigeria be done by local workers. Which of the following, if true, most strengthens the case that Bexhill should look further into the ethical implications of that decision? A) Okoli is one of the largest employers in […]
QUESTION What does Carroll believe to be the fundamental responsibility of business? What will be an ideal response? ANSWER Answer: Carroll considers profit-making to be the economic responsibility of business and its top priority. Explanation: Earning a profit is at the fundamental level of Carroll’s “pyramid.”
QUESTION When the CEO confronts the CFO about the possibility that the payment that Bexhill received from Okoli was unethical, the CFO responds by saying that nothing about the transaction was illegal. Which of the following assumptions does this defense rest on? A) Nigerian laws differ from U.S. laws covering cases like these. B) U.S. […]
QUESTION Which of the following, if true, strengthens Beatty’s ethical position? A) The gift card has no expiration date, so he can wait to use it later, when he has moved to another position in his company where no conflict of interest exists. B) The greeting and the gift card were received at his home […]
QUESTION BrightLine has come under criticism for the way in which it has released its new smartphone, and has been charged with deceptive advertising. Which of the following, if true, most strengthens the case that the company is guilty of deceptive advertising? A) BrightLine’s advertising campaign for the new model claimed that it had significant […]
