Business 2 Test - Chapter 2 Test Name: Robert Brown...

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Chapter 2 Test Name:   Robert Brown Attempt:   1 / 1 Out of:   100 Started:   July 2, 2007 11:06am Finished:   July 2, 2007 11:57am Time spent:   51 min. 12 sec. Student finished 1 hr, 8 min., 48 sec. ahead of the 120 min. time limit.   Question 1    (2 points) "We are busy producing and marketing profitable products for society to enjoy! Now you want us to provide legal  services, day-care centers, and counseling for AIDS victims and alcohol and drug abusers. If we do all these  things, what role will the government, church, and family play?" exclaimed the vice president of Milam Corporation.  What concept do this manager's comments reveal?  Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. Consumerism 100.0% b. The economic model of social  responsibility 0.0% c. The strictest model of social  responsibility 0.0% d. The need to preserve  management rights 0.0% e. The socioeconomic model of  social responsibility  Score: 0 / 2   Question 2    (2 points) Ethics is the study of right and wrong and of the morality of the choices we make.  Student response: Percent Value Correct Response Student Response Answer Choices 100.0% a. T 0.0% b. Score: 2 / 2   Question 3    (2 points) Tony Shinn is applying for a mortgage to purchase his first home. His credit is in mediocre condition due to several  late payments on his credit cards and car loan. He is upset because his friend Jerry was offered an interest rate 3  percent less than what Tony was offered by the same mortgage company. This mortgage company's actions were 
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Percent Value Correct Response Student Response Answer Choices 0.0% a. unethical and illegal— customers must all be treated  the same. 0.0% b. unethical if Tony is a minority  and Jerry is not. 0.0% c. illegal—subjective factors may  not be used when determining  which credit offers may be  extended to certain  customers. 0.0% d. unethical—both Tony and  Jerry should have been  charged the same interest  rates regardless of their credit  histories. 100.0% e. ethical—this is just a part of  doing business since credit  history is an important  indicator of future payments.  Score: 2 / 2   Question 4    (2 points) Bribes are  Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. ethical only under certain  circumstances. 0.0% b. ethical. 0.0% c. uncommon in many foreign  countries. 0.0%
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Business 2 Test - Chapter 2 Test Name: Robert Brown...

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