MGMT 3011 FINAL EXAM
In the context of Social Responsibility, global citizenship is seen as an opportunity to: a) gain a competitive advantage b) create value for the organization c) help address global challenges d) All of these choices are correct.
All of these answers are correct
One view against social responsibility states that public officials not business people solve societal problems because: a) Business people may not have the skills to solve societal problems b) Public officials were elected to manage social topics c) the private sector is not mandated to solve public issues d) All of these choices are correct.
All of these choices are correct.
The antitrust enforcement agencies in the U.S. have the legal authority to: a) negotiate informal settlements of possible antitrust violations with companies out of court b) bring lawsuits agains companies they believe are guilty of violating antitrust laws c) block anticompetitive mergers in the United States d) all of the answers are correct
All the answers are correct
The core mission of a social entrepreneur is to
Create and sustain social rather than economic value
Being socially responsible means that a company must abandon its other missions.
FALSE
Patterns of government collecting and spending funds to stimulate or support the economy fall under which type of policy?
Fiscal
When a company puts its commitment to social and environmental responsibility into practice worldwide, not just locally or regionally,
Global corporate citizenship
One of the most appealing arguments in favor of corporate social responsibility is that voluntary social acts
May head off increased government regulation
Corporate social responsibility is the idea that the business interacts with the organization's stakeholders for social good while they pursue economic gain
TRUE
Large international businesses can disproportionately influence politics, shape tastes, and dominate public discourse
TRUE
A test to determine if the benefits of regulations are worth its costs is called a
cost-benefit analysis
Social Audit Standards can be developed by which groups? a) Companies can set standards for themselves, for suppliers, and for partners b) Global nongovernmental organizations or standard-setting groups can set social audit standards c) A group of firms in the same business can set industry-wide standards. d) All of these choices are correct.
d) All of these choices are correct.
The removal or scaling down of regulatory authority and activities of government is called
deregulation
Which entity enforces rules to balance the relationship between business and society?
government
The iron law of responsibility says that
in the long run, those who do not use power responsibly will Lose it.
Public policy tools, to prompt citizens and businesses to act in ways that achieve policy goals, involve a combination of
incentives and penalties
A plan of action taken by government achieve some broad purpose affecting a substantial segment of the nations citizens is called:
public policy
Laws aimed at protecting consumers, the environment, and workers are collectively known as
social regulations
Reregulation is:
the increase or expansion of government regulation, especially where previously reduced.