Karen is the assistant manager of a midsized logistics firm. She believes her manager, Michael, has become carried away with supporting nonprofit organizations and encouraging employees to do community service. What argument would Karen most likely use to turn Michael to her point of view?
A) Socially responsible decision making by firms can prevent increased government regulation.
B) Social problems affect society in general, so it is important to protect our society.
C) The company's time and money should be spent maximizing the owner's wealth, not solving society's problems.
D) By contributing to social issues, business will decrease its opportunity for long-run profitability.
E) The logistics business has unique resources that could be used to address serious social issues.
Question 2 - Costs incurred regardless of how many units of a product are produced or sold are called fixed costs.
Indicate whether the statement is true or false
Question 3 - Companies like Southwest Airlines and Saturn attribute a great deal of their success to their strong corporate cultures, which is inaccurate. In reality, research has determined that, over time, corporate culture has only a marginal influence on firm performance.
Indicate whether the statement is true or false
Question 4 - Effectiveness refers to doing a task the most productive way. Many people think of it in terms of speed and time.
Indicate whether the statement is true or false
Question 5 - Primary emphasis in the economic model of social responsibility is on
A) quality of life.
B) conservation of resources.
C) market-based decisions.
D) production.
E) firm's and community's interests.
Question 6 - The breakeven quantity is the number of units that must be sold to equal the projected total revenue for the period.
Indicate whether the statement is true or false
Question 7 - The inner rites, rituals, heroes, and values of a firm make up its corporate culture.
Indicate whether the statement is true or false
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