The economic model of social responsibility places primary emphasis on:
A) quality of life.
B) active government involvement.
C) conservation of natural resources.
D) economic return.
E) the balance of economic return and social return.
Question 2 - A retailer increases its hours of operation so that customers can shop for goods when it is convenient for them. What value does this represent?
A) Right position
B) Right price
C) Right product
D) Right place
E) Right time
Question 3 - The manager of a large retail chain recently spoke to a group of college students about being successful in the business world. He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society. In so doing, he indicated that a stockholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in stockholders' interests. What concept do the manager's comments reveal?
A) Socioeconomic model of social responsibility
B) Economic model of social responsibility
C) Strictest model of social responsibility
D) Consumerism
E) Rights of employees
Question 4 - In order to appeal to a wide, diversified group of consumers, a consumer products company manufactures a variety of deodorants--scented, unscented, for men, for women, clinical strength, spray, and stick. What type of value does this represent?
A) Right price
B) Right place
C) Right time
D) Right product
E) Right promotion
Question 5 - The recognition that business activities affect society, and the consideration of that impact when making business decisions is referred to as:
A) business ethics.
B) corporate ethics.
C) code of ethics.
D) community responsibility.
E) social responsibility.
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