According to the text,firms that integrate social and environmental goals into their business strategy experience ________.

A) close government scrutiny
B) shareholder lawsuits
C) enhanced profits
D) reduced taxes

(Figure: Profit Maximization in Monopolistic Competition) Use Figure: Profit Maximization in Monopolistic Competition.In monopolistic competition,long-run equilibrium is characterized by:

A) P > MR.
B) P < MR.
C) P = MR.
D) profit maximization,which occurs where P = MR = MC.

An action-oriented document or playbook that guides the analysis, implementation, and control of the firm's marketing strategy is the marketing plan.

Treating people as ends rather than means is an anti-humanistic view.

The laissez-faire approach popular before the Great Depression influenced the U.S.government to see business downturns as:

A) natural phases in an otherwise healthy system and to therefore take short-term deficit spending measures to help recovery.
B) natural phases in an otherwise healthy system and to therefore wait for recovery to occur naturally.
C) serious maladies in an otherwise healthy system and to therefore work to redesign the system to avoid such failure in the future.
D) failures of the type of system Adam Smith envisaged and to therefore work to move toward an open economy with free trade.
E) failures of the system to achieve the form that Adam Smith envisaged and to therefore work to decrease government interference at the micro level.

Clean Wash Inc. operates a chain of car washes throughout the United States. The government entity that is most likely to be involved in regulating the chain's environmental impact is

A) Congress.
B) federal and state regulatory agencies.
C) local chambers of commerce.
D) local police departments.

A business that engages in the transportation of radioactive materials is strictly liable for any injuries the activities cause only if the injured party proves that the business failed to exercise reasonable care.

In a flex-time system, core time is

A) the total amount of time per week that each employee must work.
B) the time of the day when all employees must be present at work.
C) the time period within which employees are free to exercise flextime privileges.
D) the amount of time an employee must work to acquire flextime privileges.
E) the time in excess of a normal work shift.