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