BUS 100 GMU- MC QUESTIONS
Deregulation is often
A politically popular idea.
Positive reputation can be valued as an intangible corporate
Asset
Life-cycle analysis involves:
Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal.
Integrity-based ethics programs
Combines concern for the law with an emphasis on employee responsibility.
Which of these actions can businesses take to reduce income inequality?
Commit to paying a living wage to all employees.
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches
Compliance and Integrity.
Under the Sarbanes-Oxley Act, corporations are required to:
Have executives vouch for the accuracy of a firm's financial reports
Warning consumers about the possible side effects of pharmaceutical drugs is an example of consumer protection against:
Hazardous products.
The iron law of responsibility says that
In the long run, those who do not use power responsibly will lose it.
Which of the following statements is true about the relationship between business and the community
It is one of mutual interdependence.
A thin layer of gas that protects the earth from excessive ultraviolet radiation from the sun is
Ozone
Which of the following is an argument against corporate social responsibility
Requires skills businesses may lack
Stakeholder engagement is
The process of ongoing relationship building between a business and its stakeholders.
Which of the following is (are) core rights of consumers?
The right to safety
Factor conditions are strategic contributions focusing on
The supply of trained workers, physical infrastructure, and natural resources.
Which of the following statements is not true about shareholders
They own equal shares of company assets.
A reason for an increase in employee monitoring does not include:
To reduce the employer's health insurance premiums
In some cases, businesses have banded together to agree on how they will treat their customers. This is called:
Voluntary industry codes of conduct.
Which of the following is not an instance of "insider trading"
A marketing executive briefing stock analysts on the company's sales performance.
Businesses promote an information strategy by inviting government leaders to
All of the above
Corporations that run their operations according to the stakeholder theory of the firm create value by
All of the above
The core components upon which a company's ethical performance depends include:
All of the above
Reasons for the destruction of rain forests include
All of the above (Commercial logging. Conversion of forests to plantations. Cattle ranching.)
By law, the financial records of publicly held companies are required to be:
Audited by a certified professional accounting firm
Sustainable development
Balances economic and environmental considerations.
Microfinance refers to
Banks lending money to low-income businesses
As a stakeholder, suppliers' interests include:
Both A & B (Earning income. Utilizing productive capacity efficiently. )
Employees in the United States have a legal right to
Both A and B, but not C (organize/ bargain & a safe and healthy workplace)
Investors may receive an economic benefit from the ownership of stock by receiving
Both B and C, but not A( Dividends & Capital gains)
Past decisions of the courts, the original basis for the U.S. legal system, are called
Common laws
The board committee that administers and approves salaries and benefits of high-level managers in a company is called the:
Compensation committee
According to a survey of community relations managers, what is the most important social issue facing communities today
Education
When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transactions, this is an example of:
Industry self-regulation.
Which of the following statements is not true about arable land
It is a nonrenewable resource.
The main drawback to utilitarian reasoning is that
It is difficult to accurately measure both costs and benefits.
Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions
Legally marketing a pesticide abroad that has been banned in the U.S
The information strategy tool most used by business is
Lobbying
The "agency problem" arises when
Managers act in their own interest, rather than in the interest of shareholders.
When undertaking social initiatives, a company:
May sacrifice short-term profits.
M-Commerce is facilitated primarily by:
Mobile or cell phones
As communications improve and people around the world are able to witness the horrors of natural disasters, terrorism, and war, international relief efforts by corporations are becoming:
More important
Proactive companies are
Much less likely to be blindsided by crises and negative surprises.
In the U.S., the right to free speech
Must be weighed against the consequences for the community.
The practice of using fake business emails in order to trick users into divulging personal data, such as usernames and passwords, is called:
Phishing
Which of these factors has accelerated the current ecological crisis?
Rapid industrialization
The "right to be heard" assures that consumers' interests will:
Receive full and sympathetic consideration.
How are directors (members of corporate boards) selected
Shareholders elect the directors from a list of candidates
A visual representation of the many links between a lead firm and its suppliers, superimposed on a geographical map is called a:
Supply chain map
Natural capital refers to the world's
Supply of geology, soil, air, water and all living things.
The issues management process is a
Systematic process companies use when responding to public issues that are of greatest importance to the business.
The Occupational Safety and Health Act gives workers the right to a job
That is free from recognized hazards that are likely to cause death or serious injury
The most important agreement which codifies human rights is the:
The Universal Declaration of Human Rights.
Which of the following is not a legal right of shareholders?
To vote on who will become chief executive officer (CEO).
Dark money refers to
Undisclosed contributions to tax-exempt organizations
What kind of power might a local community use to influence a company's decisions
all of the above
Intellectual property refers to
the product of any intellectual and creative effort
Which of these statements accurately describe hacktivists known as grey hatters?
they seek media attention and profits.
Why does a diverse and inclusive workforce benefit a firm supporting a global market?
A variety of language skills serves the global customer base well.
A company can increase diversity and inclusion in the workforce by
Accommodating family needs outside of work
Which statement is not correct about the business-society interdependence
Actions by governments rarely affect business.
Social investors seek to eliminate from their investment portfolios companies that
All of the above
Most U.S. state laws permit the monitoring of employees through
All of the above (Eavesdropping on phone calls. Tracking software. Recording computer keystrokes)
Cybersecurity experts recommend including which essential elements for an incident-response plan for cyberattacks?
All of the above (Focus on how to respond to a breach. Involvement by all functional departments. Support from executive leadership.)
An individual who is a supporter of globalization would argue that it helps the developing world by:
All of the above (Giving entrepreneurs access to foreign investment funds to support economic development. Allowing new ideas and technological innovations to spread quickly. Providing people in developing countries with more jobs.)
The use of robotics in the workplace has increased recently because:
All of the above (Robots are more reliable than people. The cost of robots has decreased. New collaborative machines have been invented.)
Which of the following statements accurately describe the role of chief sustainability officer
All of the above (Supervises staff across functional areas. Requires strong interpersonal skills. Typically reports to the CEO.)
Social impacts of global supply chains include
All of the above (Wages Working conditions Employee health)
An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called
B Corporation
All of the following values are present in most ethical decisions except
Be cruel
Which of these steps has the U.S. recently taken to counter cybercrime?
Both A and B, but not C (Setup a system of voluntary cybersecurity standards & opened a new center dedicated to managing cyber activities)
Which of the following statements is true about corporate social responsibility
Both of these answers are correct: Businesses should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment.
Customers can exercise economic stakeholder power by
Boycotting products if they believe the goods are too expensive
To influence government policymakers' actions, an information strategy involves
Business leaders speaking before government policymakers
The costs of corporate social responsibility may ultimately be passed on to the
Consumer through high prices
Since the mid-1950s the proportion of American workers represented by unions has
Decreased
Cross-cultural contradictions arise due to
Differences between home and host countries' ethical standards.
The amount of land and water a human population needs to produce the resources it consumes and to absorb its wastes given prevailing technology is called
Ecological footprint.
When a government orders companies not to conduct business in another country because of a war, human rights violations, or lack of a legitimate government; these orders are called:
Economic sanctions
The primary reason that governments try to keep pace with technology is to:
Ensure that the public is protected.
The most significant motivator of corporate social reporting is
Ethical concerns
Over time, the nature of business's relationship with its stakeholders often
Evolves through a series of stages
Which of the following is not a constituency-building strategy tool
Expert witness testimony
When women and minorities are highly competent but are unable to attain executive positions, this is typically called:
Glass ceiling
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called
Global Corporate Citizenship
According to a recent survey of supply chain managers, which of these social and environmental issues was the most important?
Health & safety
Which of the following arguments supports the concept of high executive compensation
High salaries provide an incentive for innovation and risk-taking.
Which of the following is an argument against affirmative action?
It is inconsistent with the principles of fairness and equality.
When the market fails to adjust for the full costs of a firm's behavior, this is called
Market failure
Which stage of corporate environmental responsibility focuses on the full life cycle of a product?
Product stewardship stage
The theory of comparative advantage states that:
Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
The mission of the Securities and Exchange Commission (SEC) is to
Protect shareholders' rights by making sure that stock markets are run fairly.
Most ethics or compliance officers are generally entrusted to
Reduce the risks to the company of employee misconduct
Studying the underlying cause of repeated supplier violations is called
Root cause analysis
The term civic engagement describes:
The active involvement of businesses and individuals in improving communities.
Which of the following statements is not true about the interactive social system?
The boundary between business and society is clear and distinct
Which of the following is not true about occupational segregation
The large pay gap for Hispanic workers partly reflects their concentration in several high-paying occupations.
Cooperation between business and government often occurs when
They encounter a common problem or enemy
A society where economic power is concentrated in the hands of government officials and political authorities is called:
central state control system.
Contemporary issue management is
is an interactive, forward thinking process
Corporate power refers to
the capability of corporations to influence government, the economy, and society, based on their organizational resources