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BUSM1100 EXAM : QUESTIONS WITH SOLUTIONS (A+)
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BUSM1100 EXAM : QUESTIONS WITH SOLUTIONS (A+)
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BUSM1100 EXAM : QUESTIONS WITH SOLUTIONS (A+)When DaimlerChrysler originally introduced the PT Cruiser, demand was so
strong that some dealers would sell one only if the customer was willing to
pay several thousand dollars over the sticker price. This is an example of
Right Ans - price gouging
true or false:
The defensive stance to social responsibility rejects the idea that business has
contributed to many of society's problems and, therefore, business has a social
obligation to correct those problems. Right Ans - true
All of the following are functions of codes of ethics except:
A)
they help management respond to problems that arise as a result of unethical
behaviour.
B)
they improve internal operations by providing consistent ethical standards.
Incorrect Response
C)
they may help stem the tide of government regulation.
D)
they increase public confidence in a firm or its industry.
E)
they ensure that unethical behaviour will not occur in the firm. Right Ans -
E
Canadian Wood Products has three divisions. The Lumberjack division is
involved in harvesting trees and transporting them to lumber mills. The
Milling division transforms cut timber into dimensional lumber for building.
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