Business final exam

A society where economic power is concentrated in the hands of government officials and political authorities is called

A central state control system

Which of the following examples does not show a company guided by enlightened self-interest

A company breaking past records by maximizing quarterly profits

Which of the following is not an instance of insider training

A marketing executive briefing stock analysts on the company's sales performance

A company can increase diversity and inclusion in the workforce by

Accommodating family needs outside of work

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

Customers can exercise economic stakeholders power by

Boycotting products if they believe the goods are too expensive

To influence government policymakers actions, information strategy involves

Business leader speaking before government policymakers

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

Past decisions of the court, the original basis for the US legal system are called

Common laws

When attempting to build ethical safeguards into the company, businesses can take the following specific

Compliance & Intergrity

Since the mid-1950's the proportion of American workers represented the unions has

Decrease

Cross-cultural contradictions arise due to

Differences between home and host countries ethical standards

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

Over time, the nature of business's relationship with it's stakeholders often

Evolves through a series of stages

The term glass walls refers to

Fewer opportunities to move sideways into jobs that lead to the top

Patterns of government taxing and spending that are intended to stimulate or support the economy are

Fiscal policies

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

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

According to a recent survey chain managers, which of these social and environmental issues was the most important

Health and safety

Which of the following arguments supports of high executive compensation

High salaries provide an incentive for innovation and risk-taking

The main drawback to utilitarian reasoning is that

It is difficult to accurately measure both costs and benefits

Which of the following is an argument against affirmative action

It is inconsistent with the principles of fairness and equality

The information strategy tool must used by business is

Lobbying

The agency problem arises when

Managers act in their own interest, rather than in the interest of stakeholders

The term "race to the bottom" refers to

Moving production jobs to the country with the lowest labor cost

In the US, the right to free speech

Must be weighted against the consequences for the community

Another term for corporate giving is corporate

Philanthropy

The practice of using fake business emails in order to trick uses into divulging personal data, such as usernames and passwords, is called

Phishing

The mission of the securities and exchange commission is to

Protect shareholders rights by making sure that stock markets are run fairly

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

Studying the underlying cause of repeated supplier violations is called

Root cause analysis

When something stands out from a background. is seen as important, or draws attention it is

Salient

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 geological map is called a

Supply chain map

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 term civic engagement describes

The active involvement of businesses and individuals in improving communities

What is not correct about interactive social system

The boundary between business and society is clear & distinct

Which of the following is not true about occupational segregation

The large pay gap for Hispanic workers reflects their concentration in several high paying occupations

Stakeholder engagement is

The process of ongoing relationship building between a business and it's stakeholders

Factor conditions are strategic contributions focusing on

The supply of trained workers, physical infrastructure, and natural resources

The most important agreement which codifies human rights is the

The universal declaration of human rights

Cooperation between business and government often occurs when

They encounter a common problem or enemy

Which of the following statements is not true about stakeholders

They own equal shares of company assets

Which of these statements accurately describe hacktivists known as grey hatters

They seek media attention and profits

Economic leverage occurs when a business uses it economic power to

Threaten to leave a location unless a desired political action is taken

A reason for an increase in employee monitoring does not include

To reduce the employer's health insurance premiums

In some cases, businesses have branded together to agree on how they treat their customers, this is called

Voluntary industry codes of conduct

Most ethics or compliance officers are generally entrusted to

reduce the risks to the company of employee misconduct

Deregulation is often

A politically popular idea

Why does a diverse and inclusive workforce benefit a firm supporting a global market

A variety of language skills serves the global customers base well

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called

B corporation

Which of these actions can businesses take to reduce income inequality

Commit to paying a living wage to all employees

The board committee that administers and approves salaries and benefits of high level managers in a company is called the

Compensation committee

When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transactions, this is an example of

Industry self-regulation

Contemporary issue management

Is an interactive, forward thinking process

Which of the following statements is not true about arable land

It is a nonrenewable resource

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

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 product goods and services for which they have a natural talent

We are currently in which phase in the development of technology

Semantic

Natural capital refers to the worlds

Supply of geology, soil, air, water and all living things

Dark money refers to

Undisclosed contributions to tax-exempt organizations

When an employee believes their employer has done something that is wrong or harmful to the public, and he or she reports alleged organizational misconduct to the media, government, or high level company officials, what has occured

Whistle-blowing