Exam 2

Which of these situations is not a reason for a firm to communicate through the media?

Ignoring or downplaying an organizational crisis.

The purpose of the right to be forgotten is to:

Increase protection of privacy and personal information.

The digital divide describes the gap between those:

Individuals who have technology and those who do not.

Which of the following statements is not true about arable land?

It is a nonrenewable resource.

The information strategy tool most used by business is:

Lobbying

Rapid economic development is often accompanied by:

Rising incomes, bringing higher rates of both consumption and waste.

Restrictive governments often reduce or eliminate citizen access to the Internet and social media sites in order to?

Suppress political dissent. Impose religious or ideological views. Increase bandwidth for government usage. A and B, but not C.

The way organizational members believe others see the organization is called the corporate:

Image

Which of the following statements is true about the relationship between business and the community?

It is one of mutual interdependence.

Business depends on the community for:

Education. Public services. Transportation systems. All of the above.

Which of the following statements is not true about shareholders?

They own equal shares of company assets.

Intellectual property refers to:

All of the above.

Sustainable development:

Balances economic and environmental considerations.

Which of these factors has accelerated the current ecological crisis?

Rapid industrialization.

The term civic engagement describes:

The active involvement of businesses and individuals in improving communities.

Proponents of business as a political participant argue:

A pluralistic system invites many participants. It is business's constitutional right to be involved. Business is a vital stakeholder of government. Both A and C, but not B.

To influence government policymakers' actions, an information strategy involves:

Business leaders speaking before government policymakers.

Some researchers believe that business firms moving towards ecological sustainability results in:

Competitive advantages.

The primary reason that governments try to keep pace with technology is to:

Ensure that the public is protected.

Social capital is a phrase that refers to all of the following, except:

Funds set aside for company events.

Which of the following is a key feature of effective boards of directors?

Hold regular meetings without the CEO present.

The "agency problem" arises when:

Managers act in their own interest, rather than in the interest of shareholders.

How has the increase in information technology affected criminal activities globally?

New mechanisms for stealing data, trafficking contraband and laundering money have emerged.

Hiring former government officials for positions in the corporate world is:

Normally legal. Always unethical. Considered unethical by over 50% of Americans. A and C, but not B

Another term for corporate giving is corporate:

Philanthropy

This law tightened regulation on issuers of complex securities, especially those related to subprime mortgages:

Securities and Exchange Act.

Which of these steps has the U.S. recently taken to counter cybercrime?

Setup a system of voluntary cybersecurity standards. Opened a new center dedicated to managing cyber activities. Passed sweeping new legislation that required Internet providers to guarantee security. Both A and B,but not C.

A customer tweeting about a recent bad shopping experience is using which type of media communication:

User-generated content

Which of the following statements is not true about environmental standards?

The government rarely interferes in a business's choice of pollution technology.

In 2008 and early 2009, share values declined sharply as the global economy fell into a severe recession. This type of stock market is referred to as a:

Bear market.

Public policies and government regulations are shaped by:

Business. Special interest groups. Government. ALL OF THE ABOVE

Downloading illegal files, spreading computer viruses, and stealing from online bank accounts is collectively referred to as:

Cybercrime.

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

Organizations with strong positive reputations are generally more successful because they:

Often get the benefit of the doubt in uncertain circumstances.

The mission of the Securities and Exchange Commission (SEC) is to:

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

What are the benefits of sequencing the human genome?

Provides early diagnosis of diseases. Allows the development of generic drug-therapies. Spurs new ways to prevent illnesses. A and C only, not B.

Both large and small businesses have adopted sustainable practices to what advantage:

Reduction of regulatory risk.

During crisis management, doing the right thing should include:

Accepting responsibility. Expressing regret. Minimizing the seriousness of the problem. Both A and B, but not C.

In the United States, the federal government regulates which of the following major areas of environmental protection?

Air pollution. Water pollution. Land pollution. All of the above.

A technological application that uses biological systems or living organisms to make or modify products or processes for specific use is called:

Biotechnology.

Brand management often involves conveying what about a product or service?

The solutions provided. The disadvantages of the product or service. The expected experience. Both A and C, but not B.

What is one reason that firms partner with communities to increase economic development?

To expand environmental sustainability.

What is the primary goal of a community relations department?

To improve the financial bottom line. To build relationships with important community groups. To collaborate with other company teams to create policy. Both B and C, but not A.

Which of the following is not a legal right of shareholders?

To vote on who will become chief executive officer (CEO).

In some economically developed countries and most developing countries around the world genetically modified food was:

Welcomed as a way to increase crop yields.

An organization that produces net zero emissions of greenhouse gases is achieving:

Carbon neutrality.

General Electric's "Ecomagination" effort to invest in clean technology is an example of:

Clean technology.

Life-cycle analysis involves:

Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal.

A significant business disruption that stimulates extensive news media and social networking coverage is called a(n):

Corporate crisis.

Which of the following is not a possible cost of environmental regulation?

Corporate restructuring.

Which of these statements accurately describes a Super PAC?

Does not allow direct contributions to candidates or political parties.

Lobbyists, under U.S. law, must disclose their:

Earnings and expenses.

Environmental regulations stimulate some sectors of the economy by:

Creating jobs in industries like environmental consulting, asbestos abatement, and instrument manufacturing. Saving jobs in industries like fishing and tourism when natural areas are protected or restored. Compelling businesses to become more efficient by conserving energy. All of the above.

Corporate governance involves the exercise of control over a company's:

Entire corporate direction.

Software piracy is a major problem in which part of the world?

Globally.

Which of the following is (are) true regarding a recognizable brand?

Identifies how a company is distinctive from their rivals. Instills an emotional attachment that creates brand loyalty. Customers trust its exceptional value. All of the above.

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 specializations was/were spurred by the rapid changes in technology over the past few decades?

Smart manufacturing. Wireless networks. Processing of enormous amounts of data. All of the above

Which of these actions have Western nations taken to fight cybercrime?

Some nations protected personal privacy and others accessed private information for the public good.

Since 2000, most changes to federal regulatory oversight of environment protection have been due to:

Supreme Court rulings Agency rulemaking Executive action Both B and C but not A

The use of robotics in the workplace has increased recently because:

The cost of robots has decreased. Robots are more reliable than people. New collaborative machines have been invented. All of the above.

Economic leverage occurs when a business uses it economic power to

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

Which of the following illustrates the idea of sustainable development through technology cooperation?

The development of long-term partnerships between companies in developed and developing countries to transfer environmental technologies.

Which of the following is not true about institutional investors?

The proportion of institutional ownership of stock in the U.S. has declined slowly since the 1960s.