Question: MCqs1) According To ________, Firms In A Free Market Should Utilize Minimum Scarce Resources In Order To Produce The Greatest Output. *CSR ModelLegal ModelStakeholder ModelStockholder Model2) Carmen, The Operations Manager At XYZ Company, Was Wondering What Course Of Action To Take With Respect To The Food Items Which Were Not Successfully Stored In …

MCqs
1) According to ________, firms in a free market should
utilize minimum scarce resources in order to produce the greatest
output. *
CSR model
Legal Model
Stakeholder Model
Stockholder Model
2) Carmen, the operations manager at XYZ Company, was
wondering what course of action to take with respect to the food
items which were not successfully stored in her warehouse. While
discussing the issue with her husband, he tried to convince her not
to dispose these items because only a few number of customers would
face minor health issues including diarrhea, and thus she will
maintain a high level of profits. Knowing that Carmen’s viewpoint
was that customers are humans whose health should not be
jeopardized at any expense, she decided to go for the costlier
decision. This means that Carmen eventually adopted the ________.
*
Golden rule
Consequence-based theory
Duty-based theory
Fairness approach
3) How do the proponents of the economic model defend their
view? *
They believe that conforming to the stockholders needs helps
the firm grow and progress
They believe that the economic model is highly successful and
that it helps them implement another form of business
responsibility which is the stockholder model
They believe that the generation of profits and the
distribution of dividends might be detrimental to the
organizational stockholders
They believe that the legal model, stakeholder model, and CSR
model failed to prove their significance
4) Which of the following statements is true? *
Culture should not play a role in distinguishing between
ethical and unethical practices because right and wrong practices
must be a standard anywhere
Ethics might be affected by the culture where the business
operates
Culture usually affects business decisions in a negative
way
Culture usually affects business decisions in a positive
way
5) The following points were in the agenda of the meeting that
was supposed to be held to the departmental heads of XYZ Company:
to improve the working conditions of the employees, respond to the
customers’ claims, reduce costs for the purpose of increasing
profits, and conform to the latest codes governing business
activities. However, prior to the commencement of the meeting, the
CEO cancelled all of the points in the agenda and only kept the
last one arguing that it is the only fundamental point that the
heads of department have to focus on. Thus, the CEO follows the
________ of business responsibility. *
Stakeholder model
Legal model
CSR model
Stockholder model
6) Consumers are unable to distinguish the original brand
“Avon” because another company is exactly imitating its products.
Thus, this latter is engaged in an unethical practice toward the
________. *
Marketers
Competitors
Suppliers
Consumers
7) According to ________, firms in a free market should
utilize minimum scarce resources in order to produce the greatest
output. *
CSR model
Legal Model
Stakeholder Model
Stockholder Model
8) Which of the following represents a realistic gap in the
implementation of the CSR model? *
It worsens the firm’s image on the long run
It is viewed inferior to the stakeholder, legal, and
stockholder models
It is always a tactic through which the firm can improve its
image in the market
Its costs might fall disproportionally on small
businesses