19. Some economists believe that if companies address economic and legal issues, they are satisfying the demands of society, and that trying to anticipate and meet additional needs would be almost impossible. Which economist’s theory are they following most closely with this belief? a. Adam b. Theodore Levitt. c. Norman Bowie. d. Herman Miller e. Milton Friedman. e ANSWER: 1 POINTS: Moderate DIFFICULTY: p. 40 REFERENCES: 2.4: Delineate a stakeholder orientation in creating corporate social responsibility LEARNING OBJECTIVES: United States - BUSPROG: Ethics NATIONAL STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities STATE STANDARDS: Blooms: Comprehension KEYWORDS: 20. In ascending order, Carroll's four levels of social responsibility are a. ethical, legal, economic, philanthropic. b. economic, ethical philanthropic, legal. c. economic, legal, ethical, philanthropic. d. legal, ethical, economic, philanthropic. e. ethical, legal, moral, economic. c ANSWER: 1 POINTS: Moderate DIFFICULTY: p. 37, Figure 2-3 REFERENCES: Define social responsibility 2.2: LEARNING OBJECTIVES: United States - BUSPROG: Ethics NATIONAL STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities STATE STANDARDS: Blooms: Knowledge KEYWORDS:
19. Some economists believe that if companies address economic and legal issues, they are satisfying the demands of society, and that trying to anticipate and meet additional needs would be almost impossible. Which economist’s theory are they following most closely with this belief? a. Adam b. Theodore Levitt. c. Norman Bowie. d. Herman Miller e. Milton Friedman. ANSWER: e POINTS: 1 DIFFICULTY: Moderate REFERENCES: p. 40 LEARNING OBJECTIVES: 2.4: Delineate a stakeholder orientation in creating corporate social responsibility NATIONAL STANDARDS: United States - BUSPROG: Ethics STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities KEYWORDS: Blooms: Comprehension 20. In ascending order, Carroll's four levels of social responsibility are a. ethical, legal, economic, philanthropic. b. economic, ethical philanthropic, legal. c. economic, legal, ethical, philanthropic. d. legal, ethical, economic, philanthropic. e. ethical, legal, moral, economic. ANSWER: c POINTS: 1 DIFFICULTY: Moderate REFERENCES: p. 37, Figure 2-3 LEARNING OBJECTIVES: 2.2: Define social responsibility NATIONAL STANDARDS: United States - BUSPROG: Ethics STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities KEYWORDS: Blooms: Knowledge
test-bank-business-ethics-10th-edition-ferrell.docx