Small Business Management

The obligations of a business to maximize the positive effects it has on society and minimize the negative effects are referred to as ______.

Which concept refers to the fact that a business has the obligation to impact society on four levels--economic, legal, ethical, and philanthropic?

Strategic planning is providing the ______ game plan for a business.

______ is a set of shared beliefs within an organization.

Wilma has been described by others as a good corporate citizen. She contributes to the community by volunteering through her church and she strives to improve the quality of life in everyone she meets. Wilma possesses qualities within which level of the social responsibility pyramid?

Art has always played by the rules and obeyed the law. He believes that law is society's codification of right and wrong. Art possesses qualities within which level of the social responsibility pyramid?

The level of social responsibility that has historically been the focus of business is ______.

The view that a business must make a profit in order to survive and make other contributions is known as ______.

Which level of social responsibility centers on making sure creditors are paid, a strong competitive advantage is maintained, and operations are efficient?

Which responsibility is at the highest level on the social responsibility pyramid?

Economist Milton Friedman emphasized the fact that business had "one and only one social responsibility," that being ______.

The level of responsibility that leads to obedience of the law is what level of social responsibility?

The minimum threshold of socially expected business behavior is which two levels of social responsibility?

Dealing with the consequences of one's own actions is referred to as ______.

As a business manager, Sally focuses on employing only those individuals who have a strong character of honesty and integrity. This aligns most closely with which ethical perspective?

The company New Leaf develops and sells eco-friendly paper in an industry that is notorious for both severe environmental impact and resistance to change. This company can be viewed as ______.

The obligation of individuals and businesses to do what is right is known as ______.

Which level of social responsibility is concerned with a business doing well without the expectation of anything in return?

Philanthropic goodwill would be concerned with which of the following?

Philanthropic activity is best suited to ______.