BADM Final

Two reasons against executive compensation

Contributes to wealth gap CEO makes more than the President, when President has more responsibilities

Phishing

The practice of stealing consumers' personal information by using fake e-mails

Which of the following is not true about institutional investors? a.Institutions invest the funds of individuals by purchasing shares of stock in corporations. b.The proportion of institutional ownership of stock in the U.S. has declined slowly since the 60s c.Through institutions over one-half of the U.S. population has indirect ownership in corporations d.Institutions accounted for 62 percent of the value of all equities owned in the U.S. in 2005

The proportion of institutional ownership of stock in the U.S. has declined slowly since the 60s

Which of the following is (are) core rights of consumers? a.The right to safety b.The right to be represented c.The right to purchase d.All of the above

The right to safety

Employees in the United States have the right to organize and bargain collectively a. True b. False

True

The EEOC tries to protect workers, consumers and other stakeholders against discrimination. a. True b. False

True

Digital Divide

the gap between those that have access to technology and those that do not

Vlogs

video web logs produced by a digital camera that captures moving images and then transferred to the Internet

Two reasons For Spykes

Ads don't encourage alcohol abuse Spykes was making a lot of profit from the product.

Two reasons Anti Spykes

Ads encourage underage drinking Inaccurately associates alcohol consumption to sophisticated lifestyles

Only after which of the following conditions is (are) met, should the whistle-blower go public? a.The unreported act would do serious and considerable harm to the public b.The employee has reported the act to his or her immediate supervisor and has made their moral concern known c.Both A and B d.None of the above

Both A and B

Two points to take from course

Companies have a responsibility to not only bring in profits but to do so in a way that is socially, ethically and legally responsible. It is more important to act ethically and make smaller profits than to act illegally and make immense profits.

Which of the following is not a responsibility of the board of directors? a.Developing broad company policies b.Developing an employee quality and safety training program c.Reviewing management performance d.Selecting top-level personnel to carry out the company's objectives

Developing an employee quality and safety training program

Two reasons for executive compensation

Executives bear accountability and blame due to their high responsibilities in directing the company. Executives have high skills that most employees don't have.

According to a recent study, 3/5 of the companies test employees or job applicants for drugs. a. True b. False

False

Deceptive advertising refers to the request by the manufacturer of a product that has been identified as defective to return it, as for necessary repairs or adjustments a. True b. False

False

Homicide is the third leading cause of death in job duty a. True b. False

False

The Agrarian phase of technology went from 1900 to 1960 a. True b. False

False

The Internet was first released in 1989 a. True b. False

False

The doctrine of strict liability extends only to the retailer who is involved in selling the product, not the manufacturer. a. True b. False

False

The three types of stockholders that own shares of stock in U.S. corporations are individuals, institutions, and government a. True b. False

False

Under the "right to be heard" protection, the consumer is to be assured satisfactory quality and service at fair prices. a. True b. False

False

The Grenada Chocolate Company is a company that sees all these practices except: a.Organic Farming b.Hierarchical organizational chart c.Solar Powered energy d.Cooperative system

Hierarchical organizational chart

Which federal agency has the largest extensive controls over a single product? a.Food and Drug Administration b.Transport Security Administration c.National Highway Traffic Safety Administration d.Environmental Protection Agency

National Highway Traffic Safety Administration

Insider trading is illegal in the United States according to the: a.Anti-Insider Trading Act of 1990 b.The Federal Trade Commission Act of 1914 c.Securities and Exchange Act of 1934 d.Sarbanes-Oxley Act of 2002

Securities and Exchange Act of 1934

Which of the following is not an example of fulfilling social objectives through stock ownership? a.Selling stock of companies that did business in South Africa when it had a policy of racial discrimination b.Divesting from Chinese companies that made products by forced labor c.Selling stock of companies with a below-market rate of return d.Not investing in Burmese companies that had been accused of human rights abuses

Selling stock of companies with a below-market rate of return

The main responsibility of the National Highway Traffic Safety Administration is: a.Set a uniform national speed limit b.Set airline safety standards c.Set motor vehicle safety standards d.Safeguard consumers from altered odometers

Set motor vehicle safety standards

Technology

a broad term referring to the practical applications of science and knowledge to commercial and organizational activities

Pharming

a hacking technique that redirects a user's computer from a legitimate Web site to another site by altering the user's computer or router