Ethics/social Responsibility

Question 0

Values and standards enforceable by the courts

Answer 0

Laws

Question 1

The moral principles or values that generally govern the conduct of an individual or a group
-the standard of behavior by which conduct is judged

Answer 1

Ethics

Question 2

The rules people develop as a result of cultural values and norms

Answer 2

Morals

Question 3

Three levels of ethical development

Answer 3

Preconventional morality
Conventional morality
Post conventional morality

Question 4

A guideline to help marketing mangers and other employees make better decisions

Answer 4

Code of ethics

Question 5

A law that prohibits US corporations from making illegal payments to public officials of foreign governments to obtain business rights or to enhance their business dealings in those countries

Answer 5

Foreign Corrupt Practices Act (FCPA)

Question 6

A business’s concern for society’s welfare

Answer 6

Corporate social responsibility

CSR

Question 7

The idea that socially responsible companies will outperform their peers by focusing on the worlds social problems and viewing them as opportunities to build profits and help the world at the same time

Answer 7

Sustainability

Question 8

A model that suggests corporate social responsibility is composed of economic, legal, ethical, and philanthropic responsibilities and that the firm’s economic performance supports the entire structure

Answer 8

Pyramid of corporate social responsibility

Question 9

The development and marketing of products designed to minimize negative effects on the physical environment or to improve the environment

Answer 9

Green marketing