Define the terms "ethics," "business ethics," and "social responsibility."
What will be an ideal response?
Ethics is the study of what makes up good and bad conduct, inclusive of relative actions and values. Business Ethics is the study of what makes up good and bad conduct as related to business activities and values. Social responsibility is the concern of business entities about profit-seeking and non-profit-seeking activities and their unintended impact on others directly or indirectly involved.
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Julie is explaining an integrated marketing communications program to Michael. In this situation:
A) Julie is a sender and Michael is an encoder B) Julie is a receiver and Michael is using a transmission device C) Julie is a sender and Michael is a receiver D) Julie is a transmission device and Michael is a decoder
Gains or losses from exchange rate changes in payables or receivables are
A. posted in the payables or receivables as an entry correction. B. posted in the income statement. C. carried forward in the payables or receivables, as they tend to even out over time. D. set aside as tax account payments.
Bank examiners look at all of the following EXCEPT:
a. level of earnings b. loan security c. total number of customers d. level of liquidity e. sources of earnings
A manufacturer of kitchen cabinets relies on timely delivery from its wood supplier in order to produce its products. The company would like to have its shipment of wood delivered all at once, but it often comes in multiple shipments. While this is not usually a problem and the manufacturer is generally happy with its supplier, it has found another supplier that will deliver the wood in one shipment. Because of this, the manufacturer has decided to switch suppliers. This is an example of how
A. the marketing concept does not work in all situations. B. it is impossible for a company to achieve a perfect order rate. C. unreasonable demands by a customer can lead to loss of sales. D. meeting a customer's expectations doesn't always lead to brand loyalty. E. relationship marketing is not effective at building brand loyalty.