According to the text, the first social responsibility of any business is to
A) make enough profit to cover the costs of the future, because if this is not achieved then no other social responsibility can be met.
B) avoid laying off employees so as to protect the employees' livelihood, even if that decision may force the firm to liquidate.
C) engage in social activities that have no economic benefits, to avoid the appearance of a public relations gimmick.
D) offer courses and training in environmental management.
E) none of the above
Answer: E) none of the above
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GEB Chapter 10
- _______ is a set of standards in fields such as environmental auditing, performance evaluation, and labeling, that is adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner.
- All of the following statements are true EXCEPT
- A proactive environmental policy is likely to lead to
- Preserving the environment should be a permanent part of doing business for which of the following reasons?
- Environmental advocacy groups now have ________ Americans as members.
- In an effort to manage ecological challenges, many companies are
- Special natural environment issues include all of the following EXCEPT
- Venture capital investments in clean technology companies are ________.
- What challenge facing all organizations requires managers to formulate strategies that preserve and conserve natural resources and control pollution?
- It has become ________, since uniform standards defining environmentally responsible company actions are rapidly being incorporated into our legal landscape.
- Managers and employees today must be careful not to ignore, conceal, or disregard a pollution problem or they could
- Wal-Mart encourages its employees to adopt "Personal Sustainability Projects" like weight-loss or smoking-cessation support groups, illustrating that
- It is ________ for a business to provide a sustainability report annually to the public.
- A document that discloses to shareholders information about a firm's labor practices, product sourcing, energy efficiency, environmental impact, and business ethics practices is known as
- If a firm has a bad sustainability record this will
- Firms should strive to engage in social activities that
- Social policy can best be defined as
- Firms can align ethical and strategic decision making by
- Ethics training programs should contain which of the following?
- More and more firms believe that ethics training and an ethics culture
- Responsibility for encouraging ethical decision making and ensuring ethical behavior in a firm lies with
- Which of the following is NOT a way that companies can help create an ethical culture in their organization?
- Simply having a code of ethics
- A code of business ethics is