Exploring Ethics

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Questions and Answers

Which term refers to the degree to which affected parties can observe relevant aspects of transactions or decisions?

  • Insider trading
  • Transparency (correct)
  • Code of ethics
  • Ethics

What is the use of undisclosed information gained via one's job to benefit from stock market fluctuations called?

  • Insider trading (correct)
  • Code of ethics
  • Ethics
  • Transparency

What is a written statement that establishes the principles guiding an organization's decisions called?

  • Code of ethics (correct)
  • Transparency
  • Insider trading
  • Ethics

What is the disclosure of information by a company insider that exposes illegal or unethical behavior called?

<p>Whistle-blowing (D)</p> Signup and view all the answers

What is a situation in which an individual or a group makes a decision that is immoral, illegal, or unethical called?

<p>Ethical-lapse (D)</p> Signup and view all the answers

What is a situation in which more than one side of an issue can be supported with valid arguments called?

<p>Ethical dilemma (A)</p> Signup and view all the answers

What are situations in which competing loyalties can lead to ethical lapses called?

<p>Conflicts of interest (A)</p> Signup and view all the answers

What is the idea that business has obligations to society beyond the pursuit of profits called?

<p>Corporate Social Responsibility (CSR) (D)</p> Signup and view all the answers

What is the donation of money, time, goods, or services to charitable or educational institutions called?

<p>Philanthropy (B)</p> Signup and view all the answers

Which of the following best describes strategic CSR?

<p>Social contributions that are directly aligned with a company's overall business strategy (D)</p> Signup and view all the answers

What are NGO's?

<p>Nonprofit groups that provide charitable services or promote social and environmental causes (C)</p> Signup and view all the answers

What is cap and trade?

<p>An environmental policy that gives companies some freedom in addressing the environmental impact of specified pollutants (B)</p> Signup and view all the answers

What does sustainable development involve?

<p>Operating business in a way that minimizes pollution and resource waste (C)</p> Signup and view all the answers

What is consumerism?

<p>A movement that pressures business to consider needs and interests (B)</p> Signup and view all the answers

What is identity theft?

<p>A crime in which thieves steal personal information and use it to commit fraud (D)</p> Signup and view all the answers

What is discrimination?

<p>The denial of opportunities to individuals based on characteristics unrelated to their job performance (D)</p> Signup and view all the answers

Which of the following is NOT a characteristic of strategic CSR?

<p>Social contributions that are not aligned with a company's overall business strategy (B)</p> Signup and view all the answers

What do NGOs do?

<p>Provide charitable services or promote social and environmental causes (A)</p> Signup and view all the answers

What is the purpose of cap and trade?

<p>To give companies some freedom in addressing the environmental impact of specified pollutants (C)</p> Signup and view all the answers

Which of the following best describes the main function of marketing?

<p>Capture value from customers to create profits (B)</p> Signup and view all the answers

What is customer equity?

<p>The value obtained by both the customer and the seller from their relationship (D)</p> Signup and view all the answers

Which of the following best describes customer needs?

<p>States of felt deprivation (A)</p> Signup and view all the answers

What are market offerings?

<p>Combination of products, services, information or experiences (C)</p> Signup and view all the answers

What is the purpose of an integrated marketing program?

<p>Deliver superior value (C)</p> Signup and view all the answers

What is the role of customer delight in the marketing process?

<p>Build profitable relationships (C)</p> Signup and view all the answers

What is the relationship between customer equity and brand loyalty?

<p>Brand loyalty leads to customer equity (D)</p> Signup and view all the answers

What is the relationship between customer equity and profits?

<p>Customer equity leads to profits (A)</p> Signup and view all the answers

What is the relationship between customer needs and market offerings?

<p>Customer needs determine market offerings (B)</p> Signup and view all the answers

What is the role of marketing in building customer relationships?

<p>Engage customers (B)</p> Signup and view all the answers

Which of the following is NOT included in market offerings?

<p>Technology (B)</p> Signup and view all the answers

What is the act of obtaining a desired object from someone by offering something in return called?

<p>Exchange (B)</p> Signup and view all the answers

What is a market?

<p>A set of buyers and sellers (B)</p> Signup and view all the answers

What is the art and science of choosing target markets and building profitable relationships with them called?

<p>Marketing management (B)</p> Signup and view all the answers

Which marketing concept holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering better satisfaction than competitors?

<p>Marketing concept (B)</p> Signup and view all the answers

What are the four components of a company's marketing mix (4 P's)?

<p>Product, Price, Place, Promotion (B)</p> Signup and view all the answers

What is the customer's evaluation of the difference between the benefits and costs of a market offering relative to those of competing offers called?

<p>Perceived value (B)</p> Signup and view all the answers

What is the overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction called?

<p>Customer relationship management (A)</p> Signup and view all the answers

What is the use of digital marketing tools such as websites, social media, mobile apps, and ads to engage consumers called?

<p>Digital and social media marketing (D)</p> Signup and view all the answers

What is the goal of customer-engagement marketing?

<p>To shape brand conversations (D)</p> Signup and view all the answers

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