MGMT 430 final
In Europe, unions are prohibited by law to be on businesses' administrative boards.
False
The importing of foreign goods by U.S. firms is called foreign direct investment.
False
Compared to South Koreans, North Koreans can expect to enjoy ___________ the living standards and live ___________ years less than South Koreans. a. 1/10, 10 b. 1/2, 5 c. 1/3, 10 d. 1/4, ~3
a. 1/10, 10
The initial settlers of Jamestown were: Select one: a. Wannabe Pizarros b. escaping religious persecution c. hardworking laborers d. bold frontiersmen
a. Wannabe Pizarros
Positive reputation can be valued as an intangible corporate: Select one: a.Asset. b.Liability. c.Charity. d.Expense.
a.Asset.
One factor in determining the moral intensity of an ethical issue is how quickly the consequences take effect, a factor that is known as: Select one: a.Temporal immediacy. b.Social consensus. c.Proximity. d.Probability.
a.Temporal immediacy.
Cooperation between business and government often occurs when: Select one: a.They encounter a common problem or enemy. b.Business can afford it. c.Business operates at arm's length from the government. d.Government has the support of the people.
a.They encounter a common problem or enemy.
From pages 83-95 of WNF: Artisans and landed elites sometimes bitterly opposed industrialization because: [Choose the BEST answer] a. They didn't realize the benefits creative destruction brings to society b. Industrialization threatened their income c. The new machines being invented were difficult to understand
b. Industrialization threatened their income
Ethics policies typically cover all of the following issues except: Select one: a.Developing guidelines for accepting or refusing gifts from suppliers. b.Encouraging discriminatory personnel practices. c.Avoiding conflict of interest. d.Maintaining the security of proprietary information. Feedback
b.Encouraging discriminatory personnel practices.
The most significant motivator of corporate social reporting is: Select one: a.Government reporting requirements. b.Ethical concerns. c.Financial concerns. d.Employee demand.
b.Ethical concerns.
Microfinance refers to banks: Select one: a.Lending money to a very small number of businesses. b.Lending money to low-income businesses. c.Lending very small amounts of money to wealthy businesses. d.Charging low fees for all business loans.
b.Lending money to low-income businesses.
Stakeholders stand out to managers when they exhibit: Select one: a.Integrity, power, and legitimacy. b.Power, legitimacy, and urgency. c.Integrity, loyalty, and power. d.Legitimacy, loyalty, and urgency.
b.Power, legitimacy, and urgency.
Which of the three theories of economic development is most responsible for the differences between the Nogales? Select one or more: a. culture b. geography c. institutions
c. institutions
One type of digital currency that operates outside the banking system using encrypted technology is: Select one: a.Mastercard. b.Blockchain. c.Cryptocoin. d.Bitcoin.
d.Bitcoin.
Which of the following statements accurately describe the practice of tax inversion: Select one: a.A company shifts their headquarters to a foreign country. b.A company decreases cash holdings in a foreign country. c.A company increases debt in their home country. d.Both of these answers are correct: A company shifts their headquarters to a foreign country; and a company increases debt in their home country.
d.Both of these answers are correct: A company shifts their headquarters to a foreign country; and a company increases debt in their home country.
Proponents of business as a political participant argue: Select one: a.A pluralistic system invites many participants. b.It is business's constitutional right to be involved. c.Business is a vital stakeholder of government. d.Both of these answers are correct: A pluralistic system invites many participants; and business is a vital stakeholder of government.
d.Both of these answers are correct: A pluralistic system invites many participants; and business is a vital stakeholder of government.
What are the benefits of sequencing the human genome? Select one: a.Provides early diagnosis of diseases. b.Allows the development of generic drug therapies. c.Spurs new ways to prevent illnesses. d.Both of these answers are correct: Allows the development of generic drug therapies; and spurs new ways to prevent illnesses.
d.Both of these answers are correct: Allows the development of generic drug therapies; and spurs new ways to prevent illnesses.
Hiring former government officials for positions in the corporate world is: Select one: a.Normally legal. b.Always unethical. c.Considered unethical by over 50% of Americans. d.Both of these answers are correct: Always unethical; and considered unethical by over 50% of Americans.
d.Both of these answers are correct: Always unethical; and considered unethical by over 50% of Americans.
What are the six characteristics of inclusive economic institutions
1. secure private property 2. unbiased system of law 3. provision of public services that create a "level playing field" 4. ability of people to exchange and contract 5. relatively easy entry for new businesses 6. allow people to choose their careers
A 2017 IBM study predicted that the use of cognitive computing would decline rapidly over the next decade.
False
A national health care policy is an example of an economic policy.
False
All countries have nearly identical intellectual property laws.
False
Critics of globalization support the spread of American ideals and culture throughout the rest of the world.
False
Current sustainability managers believe that the most important determinant of their success is their subject-matter expertise.
False
Economic growth can never occur under extractive political institutions.
False
Enlightened self-interest is the idea that the wealthiest members of society should be charitable toward those less fortunate.
False
Figure 11.2 shows that Internet usage in developing nations has not even begun to catch up with developed countries.
False
Global corporate citizenship refers to putting an organization's commitment to social and environmental responsibility into practice locally.
False
Government and business together establish the regulatory rules under which business operates in society.
False
In most companies, a moral atmosphere cannot be detected.
False
In the U.S., genetically modified foods were primarily used in fast-food restaurants.
False
Individual privacy increased dramatically following the Information Age.
False
It is impossible for multiple ethical climates to exist within one organization.
False
Market stakeholders include nongovernmental organizations and business support groups.
False
Nondemocratic governments tend to fiercely protect the public's intellectual property rights.
False
Nonmarket stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services.
False
One potential cost of environmental regulation is reduced capital investment.
False
Politicians in Mexico set up banking monopolies. Politicians in the U.S. never tried this--they were motivated by the benefits a free market system brings to society.
False
Recent reports indicate that sustainability is becoming a less strategic part of business.
False
Regulation cannot be applied to international business behavior.
False
The current phase of technology is the service society.
False
The normative argument for the stakeholder theory of the firm says that the stakeholder view is simply a more realistic description of how companies really work.
False
The responsibility of managing technology with its many privacy and security issues for business organizations is entrusted to the CFO.
False
The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders.
False
The stakeholders rarely targeted by companies for personal data collection are employees and consumers.
False
To qualify as a B corporation, a business must be certified by a state government agency.
False
When a company publishes the results of a social audit they are meeting the demands of local governments' taxation policies.
False
Exploiting the settlers didn't work because: Select one: a. There were too many options available to the settlers, including joining Native American tribes or taking their chances alone on the frontier. b. the settlers convinced the company elites of the settlers' unalienable rights as human beings
a. There were too many options available to the settlers, including joining Native American tribes or taking their chances alone on the frontier.
Clinical Trials in lower-income countries seem most ethical under the: Select one: a. Utilitarian principle b. Justice principle c. Rights principle d. Virtues principle(s)
a. Utilitarian principle
What are the TWO forces that the authors of TPoCD believe will compel the state to act in accordance with its ideal roles vis a vis creative destruction? (pages 15/16) a. civil society b. international competition c. worker unions in established industries d. students across the world
a. civil society b. international competition
European rule ________________________ the extractive institutions in the Congo. a. exacerbated b. improved c. dramatically altered
a. exacerbated
Which factors are the same or similar between the two Nogales? SELECT ALL THAT APPLY Select one or more: a. geography b. climate c. disease environment d. ancestry of the inhabitants e. food, music, religion f. laws g. current health of the inhabitants
a. geography b. climate c. disease environment d. ancestry of the inhabitants e.food, music, religion
According to Chapter three of WNF, political institutions that are sufficiently pluralistic AND centralized can be considered _________________________ institutions. a. inclusive b. extractive
a. inclusive
England chose to colonize North America because: Select one: a. it was available (i.e. not already colonized by European power) b. it was a source of many "staple" products, or exportable agricultural goods c. the Northern latitudes were considered more attractive for colonization
a. it was available (i.e. not already colonized by European power)
What are the two types of institutions that the authors suggest are responsible for economic development? Select one or more: a. political b. economic c. religious d. environmental
a. political b. economic
Economic institutions that create incentives for economic progress may: [SELECT ALL THAT APPLY] a. redistribute income b. redistribute power c. make the elites and/or dictator worse off d. necessitate forced labor e. lead to stagnation
a. redistribute income b. redistribute power c. make the elites and/or dictator worse off
John Smith realized that (SELECT ALL THAT APPLY): Select one or more: a. the model of conquest the Spanish had used wouldn't work in North America b. 1000 more men like the initial settlers of Jamestown would be worth less than 30 skilled workmen in this new colony c. They had to trade with and learn from native peoples to survive d. to eat, they had to work
a. the model of conquest the Spanish had used wouldn't work in North America b. 1000 more men like the initial settlers of Jamestown would be worth less than 30 skilled workmen in this new colony c. They had to trade with and learn from native peoples to survive d. to eat, they had to work
Which of the following are "utils" that GDP might not capture directly? Select all that apply. a. time saved to accomplish the same task by more efficient means (e.g. buying a train ticket via a kiosk) b. goods that become marginally free (e.g. digital photos) c. love and trust
a. time saved to accomplish the same task by more efficient means (e.g. buying a train ticket via a kiosk) b. goods that become marginally free (e.g. digital photos) c. love and trust
People in Nogales, Arizona live about _______ years longer and make ________ times as much money than the inhabitants of Noglaes, Sonora. Select one: a. 10, 3 b. 5, 2 c. 0, 0 d. 10, 10
a. 10, 3
The authors of TPoCD argue that innovation as a source of top income has "virtues that other sources of top income inequality do not share." What are these virtues? a. The inequality generated by innovation does not last long term b. Innovation leads to economic growth in developed countries c. Innovation creates social mobility d. It cannot be taxed properly e. Innovation has no negative externalities
a. The inequality generated by innovation does not last long term b. Innovation leads to economic growth in developed countries c. Innovation creates social mobility
Antitrust laws protect consumers from: Select one: a.Anticompetitive practices by business. b.Selling products above cost to drive away rivals. c.Conspiring with business partners to increase competition. d.Firms using market dominance to expand commerce.
a.Anticompetitive practices by business.
In the case Corporate Social Responsibility at Gravity Payments, which view in support of corporate social responsibility is relevant according to Figure 3.3? Select one: a.Balances corporate power with responsibility. b.Discourages government regulation. c.Improves supplier relations. d.Promotes short-term profits for the business.
a.Balances corporate power with responsibility.
Managers' understanding of government regulations is: Select one: a.Both a domestic and international issue. b.Primarily a domestic issue. c.Primarily an international issue. d.An international issue only for large firms.
a.Both a domestic and international issue
To influence government policymakers' actions, an information strategy involves: Select one: a.Business leaders speaking before government policymakers. b.Government policymakers hiring special interest groups for fact-finding projects. c.Businesses listening to government policymakers in order to develop a corporate strategy. d.Gaining support from other affected organizations.
a.Business leaders speaking before government policymakers.
Which argument says that stakeholder management realistically depicts how companies really work? Select one: a.Descriptive argument. b.Instrumental argument. c.Normative argument. d.Fiduciary argument.
a.Descriptive argument.
Being able to continue their activities indefinitely, without altering the carrying capacity of the Earth's ecosystem, is a characteristic of: Select one: a.Ecologically sustainable organizations. b.Concerned citizens. c.Codes of environmental conduct. d.Environmental regulations.
a.Ecologically sustainable organizations.
A free enterprise system refers to: Select one: a.Economic assets that are privately owned and exchanged in an open market. b.Property ownership by a centralized government. c.A mix of privately owned and government controlled economic assets. d.An index of economic freedom
a.Economic assets that are privately owned and exchanged in an open market.
Which ethical criterion is described by the idea that a company should strive for efficiency? Select one: a.Egoism. b.Benevolence. c.Principle. d.Business-centered.
a.Egoism.
Which of the following are examples of natural monopolies? Select one: a.Electric utilities and railroads. b.Cable television and the media. c.Internet services and trucking. d.None of these answers are correct.
a.Electric utilities and railroads.
The unspoken understanding among employees of what is and is not acceptable behavior is called: Select one: a.Ethical climate. b.Corporate image. c.Ethical relativism. d.Rites and rituals.
a.Ethical climate.
Which of the following is not a constituency-building strategy tool? Select one: a.Expert witness testimony. b.Advocacy advertising. c.Public relations. d.Legal challenges.
a.Expert witness testimony.
Software piracy is a major problem in which part of the world? Select one: a.Globally. b.North America only. c.Asia only. d.Europe only.
a.Globally.
The iron law of responsibility says that: Select one: a.In the long run, those who do not use power responsibly will lose it. b.In the short run, sacrifice social goals for economic goals. c.Law is most important, more than social or economic responsibility. d.In the long run, economic responsibility leads to social responsibility.
a.In the long run, those who do not use power responsibly will lose it.
The purpose of the right to be forgotten is to: Select one: a.Increase protection of privacy and personal information. b.Protect property rights. c.Protect intellectual property. d.Prevent software privacy.
a.Increase protection of privacy and personal information.
As of 2017 the volume of global spam email messages has declined primarily due to: Select one: a.Increased anti-spam protections. b.Less interference by governments. c.Consumers utilizing the Do Not Call option. d.A decrease in the number of emails.
a.Increased anti-spam protections.
Governments being asked to regulate driving distractions are examples of a public policy: Select one: a.Input. b.Goal. c.Effect. d.Tool.
a.Input.
A firm subscribing to the shareholder theory of the firm would mainly be concerned with providing value for its: Select one: a.Investors. b.Customers. c.Board of Directors. d.Community.
a.Investors.
When a community group sues a company for health effects caused by the unsafe disposal of toxic chemicals, this is an exercise of a stakeholder's: Select one: a.Legal power. b.Voting power. c.Economic power. d.Political power.
a.Legal power.
The primary purpose of the International Monetary Fund is to: Select one: a.Lend foreign currency to member countries. b.Exchange one currency for another. c.Consolidate the debt facing Third World nations. d.Collect the interest on loans made by the World Bank to Third World nations.
a.Lend foreign currency to member countries.
Government regulations help balance negative externalities such as: Select one: a.No smoking rules enforced to mitigate the effects of second-hand smoke. b.Gender controls over alcohol purchases and consumption. c.Drug testing at private businesses. d.Age restrictions for Social Security recipients.
a.No smoking rules enforced to mitigate the effects of second-hand smoke.
Concerns about corporate social responsibility are exemplified by which of these statements? Select one: a.Requires skills businesses may lack. b.Creates an imbalance between corporate power and its economic responsibility. c.Improves business value and reputation. d.A majority of stockholders are against it.
a.Requires skills businesses may lack.
When environmentally proactive companies seek out imaginative, innovative new methods for reducing pollution and increasing efficiency, they are adopting which strategy? Select one: a.Technological innovation. b.Product differentiation. c.Brand differentiation. d.Cost savings.
a.Technological innovation.
This term refers to the practical applications of science and knowledge to commercial and organizational activities. Select one: a.Technology. b.E-commerce. c.Agrarian. d.Semantic.
a.Technology.
The main drawback to utilitarian reasoning is that: Select one: a.The majority may override the rights of those in the minority. b.Managers using this reasoning process often fail to consider the means taken to reach the end. c.It is difficult to accurately measure both costs and benefits. d.Cost-benefit calculations can only be provided by accountants. Feedback
a.The majority may override the rights of those in the minority.
Those who oppose business involvement with politics argue that managers do not have enough expertise to participate. Select one: a.True b.False
a.True
The five types of stakeholders' power recognized by most experts are: Select one: a.Voting, economic, political, legal, and informational power. b.Social, legal, environmental, economic, and political power. c.Social, regulatory, voting, governance, and information power. d.Economic, informational, legal, shareholder, and political power.
a.Voting, economic, political, legal, and informational power.
Interactions between business and society occur: Select one: a.Within a finite natural ecosystem. b.Only during an environmental crisis. c.When business employees and the community are of similar cultural backgrounds. d.When legislation is passed requiring interaction.
a.Within a finite natural ecosystem.
Customers can exercise economic stakeholder power by: Select one: a.Voting on a proposed merger for the company and a competitor. b.Boycotting products if they believe the goods are too expensive. c.Attending the company's annual meeting. d.Applying for a job with the company.
b.Boycotting products if they believe the goods are too expensive.
Which of the following represents a structural remedy for an antitrust violation? Select one: a.Paying a large fine. b.Breaking up a monopoly. c.Disclosure of company information to rivals. d.Agreeing to change a firm's conduct. Feedback
b.Breaking up a monopoly.
When a firm solicits its stockholders for political contributions for a particular candidate by letter and then sends those contributions to the candidate on behalf of its stockholders, it is called: Select one: a.Lobbying. b.Bundling. c.Collating. d.Constituency building.
b.Bundling.
Deregulation has occurred in the following industries: Select one: a.Commercial airlines, sheet metal, and interstate trucking. b.Commercial airlines, railroads, and financial institutions. c.Commercial airlines, interstate trucking, and silicon chip manufacturing. d.Financial institutions, railroads, and silicon chip manufacturing.
b.Commercial airlines, railroads, and financial institutions.
The costs of corporate social responsibility may ultimately be passed on to the: Select one: a.Supplier through discounts. b.Consumer through high prices. c.Investor through stock splits. d.Taxpayers by the government.
b.Consumer through high prices.
A market stakeholder is exemplified by which of the following? Select one: a.Government agencies. b.Creditors. c.Activist groups. d.Nongovernmental organizations.
b.Creditors.
The place where information is stored, ideas are described, and communication takes place in and through an electronic network of linked systems is called: Select one: a.The personal computer. b.Cyberspace. c.Cloud computing. d.Communication.
b.Cyberspace.
Those in support of corporate social responsibility believe the practice: Select one: a.Lowers economic efficiency and profit. b.Discourages government regulation. c.Places responsibility on business rather than individuals. d.Imposes unequal costs among competitors.
b.Discourages government regulation.
The purpose of the World Trade Organization is to: Select one: a.Impose barriers to free trade among nations. b.Eliminate barriers to free trade among nations. c.Develop trading partnerships between rich and poor nations. d.Decrease globalization and free trade.
b.Eliminate barriers to free trade among nations.
One of the biggest challenges for autonomous vehicle manufacturers, according to the case The Arrival of Autonomous Cars—Bright Future or Looming Threat? was: Select one: a.Keeping production costs low enough to make a profit. b.Ensuring the vehicles were safer than driver-controlled automobiles. c.Complying with international autonomous vehicle regulations. d.Building cars luxurious enough to attract wealthy customers.
b.Ensuring the vehicles were safer than driver-controlled automobiles.
The information phase of technology primarily requires: Select one: a.Sales and services. b.Intellectual and electronic skills. c.Manual and machine skills. d.The same skills as needed in previous phases.
b.Intellectual and electronic skills.
Increased cyber activity by which countries prompted NATO officials to brand them as "patriotic hackers"? Select one: a.Russia and Estonia. b.Iran and China. c.Iraq and Pakistan. d.Mexico and Canada.
b.Iran and China.
The instrumental argument says stakeholder management is: Select one: a.A more realistic description of how companies really work. b.More effective as a corporate strategy. c.Simply the right thing to do. d.Determined by the amount of stock owned in the firm.
b.More effective as a corporate strategy.
The term "race to the bottom" refers to: Select one: a.Seeking to mine valuable minerals from the bottom of the ocean. b.Moving production jobs to the country with the lowest labor cost. c.Efforts to deconstruct the assembly process in manufacturing industries. d.An old concept of globalization that is no longer relevant.
b.Moving production jobs to the country with the lowest labor cost.
Which one of the following is considered to be a nonmarket stakeholder of business? Select one: a.Customers. b.Nongovernmental organizations. c.Creditors. d.Shareholders.
b.Nongovernmental organizations.
Philanthropic funding and public relations are two examples of corporate social responsibility: Select one: a.Drivers of the Corporate Social Responsiveness phase. b.Policy instruments of the Corporate Social Stewardship phase. c.Policy instruments of the Corporate Social Responsiveness phase. d.Drivers of the Charity Principle phase.
b.Policy instruments of the Corporate Social Stewardship phase.
At the core of rights reasoning is the belief that: Select one: a.The company's right to a profit must be protected. b.Respecting others is the essence of human rights. c.The right to join a union is no longer universally accepted. d.Economic and political powers determine who is right.
b.Respecting others is the essence of human rights.
In the case Should Facebook Be Regulated, the primary market failure was: Select one: a.Sales incentives to protect user data exceeded those of selling the data. b.Sales incentives to sell user data exceeded those of protecting user privacy. c.The market naturally disincentivized the sale of personal data and there was no market failure. d.Unplanned costs to distribute user data exceeded the costs of selling the data.
b.Sales incentives to sell user data exceeded those of protecting user privacy.
Microsoft launched a program in 2017 to bring the Internet to more of rural America using: Select one: a.Radio waves. b.Unused broadcast channels. c.Blank spaces. d.Thousands of miles of cable.
b.Unused broadcast channels.
Regulation can be argued as justified based on: Select one: a.Collective market theory. b.Utilitarian and justice grounds. c.The life cycle of regulation. d.Tradition.
b.Utilitarian and justice grounds.
Invasion of privacy through technology is best exemplified by: Select one: a.The neighbor video recording his dog in his own yard. b.Your car's GPS tracking you at every location. c.A friend taking photos of the ocean with her smartphone. d.Your mom's home assistant reminding her to pay the power bill.
b.Your car's GPS tracking you at every location.
Public policy tools involve a combination of: Select one: a.Incentives and political favors. b.Penalties and prison terms. c.Incentives and penalties. d.Political favors and prison terms.
c. Incentives and penalties
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally, it is called: Select one: a.Corporate Social Responsibility. b.Global Sustainability. c.Global Corporate Citizenship. d.Community Investing.
c.Global Corporate Citizenship.
Expert witness testimony is often collected: Select one: a.Through company newsletters. b.On the steps of the White House. c.In congressional hearings. d.From The Wall Street Journal.
c.In congressional hearings.
The phase of technology that focuses on building material goods and manual labor is: Select one: a.Agrarian. b.Service. c.Industrial. d.Information.
c.Industrial.
Building ethical safeguards into a company's everyday routines is called: Select one: a.Change management. b.Justifying ethics. c.Institutionalizing ethics. d.Ethical awareness. Feedback
c.Institutionalizing ethics.
Which of the following is not true about water pollution? Select one: a.It affects crop yields. b.It can be caused by pesticides and herbicides. c.It can be caused by biodegradable products. d.The Water Pollution Control Act maintains the integrity of all surface water in the United States.
c.It can be caused by biodegradable products.
When the market fails to adjust for the full costs of a firm's behavior, this is called: Select one: a.Negative externalities. b.Deregulation. c.Market failure. d.Re-regulation.
c.Market failure.
The process of firms buying and selling the right to pollute is an example of which type of environmental regulation? Select one: a.Command. b.Control. c.Market-based. d.Emissions charges.
c.Market-based.
When undertaking social initiatives, a company: Select one: a.Must take out social responsibility insurance. b.Will always receive long-term profits. c.May sacrifice short-term profits. d.Risks going bankrupt in nearly all cases.
c.May sacrifice short-term profits.
A firm in the pollution prevention stage of the corporate environmental responsibility model is best described by which statement? Select one: a.Using innovation to create new sustainable technology. b.Focusing on all environmental impacts of the product life cycle. c.Minimizing or eliminating waste before it is created. d.Incurring losses due to environmental costs.
c.Minimizing or eliminating waste before it is created.
In the United States, the right to free speech: Select one: a.Is an absolute privilege to all citizens. b.Is a constant threat to every business. c.Must be weighed against the consequences for the community. d.Depends on state law.
c.Must be weighed against the consequences for the community.
Which stage of corporate environmental responsibility focuses on the full life cycle of a product? Select one: a.Pollution prevention stage. b.Clean technology stage. c.Product stewardship stage. d.Green management stage.
c.Product stewardship stage.
A firm that would like to develop a global supply chain would: Select one: a.Manufacture components or supplies in other countries. b.Sell raw materials, components, or supplies produced at home abroad. c.Purchase raw materials, components, or supplies from sellers in other countries. d.Check products that were manufactured abroad for defects in their home country.
c.Purchase raw materials, components, or supplies from sellers in other countries.
The primary way of accomplishing public policy is through: Select one: a.Waiting for businesses to act. b.Lobbying Congress. c.Regulation. d.Writing your politician.
c.Regulation.
Every environmental regulation must be initially evaluated for its costs and benefits in a process called: Select one: a.Strategic planning. b.Cost savings. c.Regulatory impact analysis. d.Command and control legislation.
c.Regulatory impact analysis.
A person's entitlement to protection from invasion of one's personal life is called the: Select one: a.Right of free speech. b.Declaration of independence. c.Right to privacy. d.Principle of freedom.
c.Right to privacy.
Total social regulation costs are: Select one: a.Slightly higher than total economic regulation costs. b.Slightly less than total economic regulation costs. c.Significantly higher than total economic regulation costs. d.Equal to total economic regulation costs.
c.Significantly higher than total economic regulation costs.
According to McKinsey and Company, which position cannot be easily replaced with robots? Select one: a.Repetitive factory jobs. b.Clerks and bookkeepers. c.Team managers. d.Legal researchers.
c.Team managers.
The self-reinforcing feature of technology means that: Select one: a.Civilization develops at an uncontrollable pace. b.Developing economies demand newer and larger innovations. c.Technology acts as a multiplier to encourage its own faster development. d.An invention in one place is localized only.
c.Technology acts as a multiplier to encourage its own faster development.
The most important agreement which codifies human rights is: Select one: a.The American Civil Liberties Act. b.The Versailles Treaty. c.The Universal Declaration of Human Rights. d.The U.S. Declaration of Independence.
c.The Universal Declaration of Human Rights.
Reregulation is: Select one: a.The adoption of regulation in another country to promote trade. b.Necessary since all regulation has a time limit. c.The increase or expansion of government regulation. d.The shifting of regulation to the state level from the national level.
c.The increase or expansion of government regulation.
The critical component in installing an effective ethics program is: Select one: a.To allow all employees the freedom to act as they wish. b.In hiring an expensive ethics consultant. c.The integration of various ethics safeguards into a comprehensive program. d.Maintaining the position as the industry sales leader. Feedback
c.The integration of various ethics safeguards into a comprehensive program.
People's ethical beliefs come from: Select one: a.Legislative action and judicial decisions. b.Reading the company's profit and loss statements. c.Their religious background, family, and education. d.The organization's code of ethics. Feedback
c.Their religious background, family, and education.
Economic leverage occurs when a business uses its economic power to: Select one: a.Hire lobbyists to gain a desired political action. b.Pay for the costs of regulation to acquire a desired political action. c.Threaten to leave a location unless a desired political action is taken. d.Buy out another firm to acquire a desired political action.
c.Threaten to leave a location unless a desired political action is taken.
One argument in favor of net neutrality is: Select one: a.Businesses that pay more should have faster Internet. b.Broadband providers should have free reign to block any site they object to. c.To fairly compete, small, medium, and large firms should have the same Internet bandwidth. d.Individuals don't need fast Internet, only businesses do.
c.To fairly compete, small, medium, and large firms should have the same Internet bandwidth.
Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the: Select one: a.Innovative stage. b.Integrated stage. c.Transforming stage. d.Engaged stage.
c.Transforming stage.
Organizations founded with a core mission to create and sustain social value are called social: Select one: a.Entrepreneurships. b.Non-profits. c.Ventures. d.Capitalists.
c.Ventures.
A critic of globalization might argue that companies decide to manufacture in China mainly because of China's: Select one: a.Strict law enforcement. b.High environmental standards. c.Weak health and safety regulations. d.Strong worker unions.
c.Weak health and safety regulations.
Economists reported that the costs of regulatory compliance were highest for: Select one: a.Vehicle safety. b.Antitrust issues. c.Worker safety. d.Consumer protection.
c.Worker safety.
Corporations that run their operations according to the stakeholder theory of the firm create value by: Select one: a.Innovating new products. b.Increasing their stock price. c.Developing their employees' professional skills. d.All of these answers are correct.
d. All of these answers are correct.
What stakeholder group(s) can exercise legal power? Select one: a.Employees. b.Customers. c.Shareholders. d.All of these answers are correct.
d. All of these answers are correct.
Mature adults typically base their ethical reasoning on broad principles and relationships such as: Select one: a. Human rights and constitutional guarantees of human dignity b. Universal principles of justice c. Customs and traditions shown by their peers d. Both A and B, but not C
d. Both A and B, but not C
A high magnitude of consequences that increases the moral intensity of an ethical issue is best exemplified by which of the following? Select one: a.A manager used company funds to pay for personal expenses. b.Sexual harassment has become less socially acceptable since the "#MeToo" movement. c.An employee stole paper clips from the supply closet. d.A food product contaminated with salmonella was distributed to stores.
d.A food product contaminated with salmonella was distributed to stores.
Cybersecurity experts recommend including which essential elements for an incident-response plan for cyberattacks? Select one: a.Support from executive leadership. b.Involvement by all functional departments. c.Focus on how to respond to a breach. d.All of these ANSWERs are correct.
d.All of these ANSWERs are correct.
The use of robotics in the workplace has increased recently because: Select one: a.The cost of robots has decreased. b.Robots are more reliable than people. c.New collaborative machines have been invented. d.All of these ANSWERs are correct.
d.All of these ANSWERs are correct.
According to the United Nations, a feature of democracy is: Select one: a.Fair elections. b.An independent media. c.A government with power balanced among executive, legislative, and judicial branches. d.All of these answers are correct.
d.All of these answers are correct.
An example of an international financial and trade institution is: Select one: a.World Bank. b.International Monetary Fund. c.World Trade Organization. d.All of these answers are correct.
d.All of these answers are correct.
An individual who is a supporter of globalization would argue that it helps the developing world by: Select one: a.Giving entrepreneurs access to foreign investment funds to support economic development. b.Allowing new ideas and technological innovations to spread quickly. c.Providing people in developing countries with more jobs. d.All of these answers are correct.
d.All of these answers are correct.
Businesses promote an information strategy by inviting government leaders to: Select one: a.Visit local plant facilities. b.Attend company award ceremonies. c.Give speeches to employees. d.All of these answers are correct.
d.All of these answers are correct.
Global social audit standards concentrate on: Select one: a.Internally focused economic benefits for the firm. b.Externally focused social benefits for the environment. c.Externally focused social benefits for key stakeholders. d.All of these answers are correct.
d.All of these answers are correct.
Good corporate citizens: Select one: a.Strive to conduct all business dealings in an ethical manner. b.Make a concerted effort to balance the needs of all stakeholders. c.Work to protect the environment. d.All of these answers are correct.
d.All of these answers are correct.
Government has distinctive resources and competencies including: Select one: a.Knowledge of public policy. b.Ability to enforce the rules. c.Revenue from taxation. d.All of these answers are correct.
d.All of these answers are correct.
In the United States, the federal government regulates which of the following major areas of environmental protection? Select one: a.Air pollution. b.Water pollution. c.Solid and hazardous waste. d.All of these answers are correct.
d.All of these answers are correct.
Many rapid changes in technology over the past few decades were facilitated by: Select one: a.Artificial intelligence. b.Wireless networks. c.Processing of enormous amounts of data. d.All of these answers are correct.
d.All of these answers are correct.
Public policies and government regulations are shaped by: Select one: a.Business. b.Special interest groups. c.Government. d.All of these answers are correct.
d.All of these answers are correct.
Some argue that publishing personal DNA sequencing results is unethical because: Select one: a.The results could compromise one's employment situation. b.Life insurance could be denied. c.The cost of health insurance could rise. d.All of these answers are correct.
d.All of these answers are correct.
Stakeholder groups can include: Select one: a.Shareholders. b.Business support groups. c.Environmental activists. d.All of these answers are correct.
d.All of these answers are correct.
The core components upon which a company's ethical performance depends include: Select one: a.The values and virtues of the managers. b.The personal character of the managers and employees. c.The traditions, attitudes, and business practices built into a company's culture. d.All of these answers are correct.
d.All of these answers are correct.
The fiduciary duty of managers benefits a firm's: Select one: a.Shareholders. b.Customers. c.Employees. d.All of these answers are correct.
d.All of these answers are correct.
The role of chief sustainability officer is described by which statement(s)? Select one: a.Typically reports to the CEO. b.Supervises staff across functional areas. c.Requires strong interpersonal skills. d.All of these answers are correct.
d.All of these answers are correct.
What kind of power might a local community use to influence a company's decisions? Select one: a.Publicizing an issue. b.Lobbying government policy makers for regulations. c.Challenging whether a specific business activity should continue. d.All of these answers are correct.
d.All of these answers are correct.
By law, the financial records of publicly held companies are required to be: Select one: a.Managed by an accounting department of at least five CPAs. b.Summarized in the employee manual for new hires. c.Reviewed quarterly by the IRS. d.Audited by a certified professional accounting firm.
d.Audited by a certified professional accounting firm.
Government's role is to create and enforce laws that: Select one: a.Control businesses' actions in society. b.Protect businesses' interest in society. c.Protect society from business. d.Balance the relationship between business and society. Feedback
d.Balance the relationship between business and society. Feedback
A technological application that uses biological systems or living organisms to make or modify products or processes for specific use is called: Select one: a.Biosphere outcome. b.Metatechnology. c.Biology. d.Biotechnology.
d.Biotechnology.
Which of the following statements is true about corporate social responsibility? Select one: a.Businesses should monitor and prevent social problems in advance of their becoming major issues. b.A company should seek maximum profits from its operations in order to provide the best for society. c.Corporations should be accountable for any actions that affect people, their communities, and the environment. d.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.
d.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.
Companies demonstrate global corporate citizenship by: Select one: a.Building reactive stakeholder partnerships. b.Finding business opportunities that serve society. c.Integrating concern for both financial and social performance. d.Both of these answers are correct: Finding business opportunities that serve society and integrating concern for both financial and social performance.
d.Both of these answers are correct: Finding business opportunities that serve society and integrating concern for both financial and social performance.
Which statement(s) below are true about global income? Select one: a.Income is how much one earns in a day or a year. b.Income at the bottom of the pyramid varies from place to place. c.Around 10 billion people globally sit at the bottom of the pyramid. d.Both of these answers are correct: Income is how much one earns in a day or a year; and income at the bottom of the pyramid varies from place to place. Feedback
d.Both of these answers are correct: Income is how much one earns in a day or a year; and income at the bottom of the pyramid varies from place to place. Feedback
By raising and lowering the interest rates at which private banks borrow money from the government, the Federal Reserve Bank: Select one: a.Influences the size of the nation's money supply. b.Influences the value of the dollar. c.Minimizes investor confidence about the nation's future. d.Both of these answers are correct: Influences the size of the nation's money supply; and influences the value of the dollar.
d.Both of these answers are correct: Influences the size of the nation's money supply; and influences the value of the dollar.
A stakeholder map is a useful tool because: Select one: a.It enables managers to quickly see how stakeholders feel about an issue. b.It can help managers evaluate possible outcomes regarding an issue. c.It helps managers discourage or dissolve stakeholder coalitions. d.Both of these answers are correct: It enables managers to quickly see how stakeholders feel about an issue, and It can help managers evaluate possible outcomes regarding an issue.
d.Both of these answers are correct: It enables managers to quickly see how stakeholders feel about an issue, and It can help managers evaluate possible outcomes regarding an issue.
MIT researchers determined that 90 percent of shoppers' credit-card transactions could be used to: Select one: a.Uniquely identify an individual's shopping habits and preferences. b.Collect individual Social Security numbers. c.Identify an individual shopper using only four bits of secondary information. d.Both to uniquely identify an individual's shopping habits and preferences and to identify an individual shopper using only four bits of secondary information.
d.Both to uniquely identify an individual's shopping habits and preferences and to identify an individual shopper using only four bits of secondary information.
Which of the following is not a potential source of personal private data? Select one: a.Smartphones. b.Internet connections. c.Automobiles. d.Broadcast radio.
d.Broadcast radio.
Past decisions of the courts, the original basis for the U.S. legal system, are called: Select one: a.Torts. b.Amendments. c.Legitimate actions. d.Common laws.
d.Common laws.
Which of the following is not an example of an ethical criterion? Select one: a.Egoism. b.Concern for others. c.Principle. d.Corporate driven.
d.Corporate driven.
Stakeholder partnerships, high-tech communication networks, and sustainability audits are examples of: Select one: a.Corporate social stewardship. b.Corporate social responsiveness. c.Corporate/Business Ethics. d.Corporate/Global Citizenship.
d.Corporate/Global Citizenship.
As business becomes increasingly global: Select one: a.It must turn to national laws for guidance. b.Ethical issues become issues of free trade. c.A global code of conduct will emerge for businesses. d.Cross-cultural contradictions will increase.
d.Cross-cultural contradictions will increase.
This annual international gathering on January 28 brought together leaders from the U.S. and dozens of European countries to address the global nature of cyberattacks: Select one: a.Cyberattack Awareness Day. b.Anti-cyber International. c.International Defense Against Web Attacks (IDAWA). d.Data Privacy Day.
d.Data Privacy Day.
Ethical challenges for information technology employees include: Select one: a.Data privacy. b.Laptop speed. c.Copyright protection. d.Data privacy and copyright protection.
d.Data privacy and copyright protection.
Which of these statements accurately describes a Super PAC? Select one: a.Allows limited contributions from unions. b.Allows limited contributions from individuals. c.Is also called the dependent expenditure-only committee. d.Does not allow direct contributions to candidates or political parties.
d.Does not allow direct contributions to candidates or political parties.
Lobbyists, under U.S. law, must disclose their: Select one: a.Political affiliation and expenses. b.Earnings only. c.Expenses only. d.Earnings and expenses.
d.Earnings and expenses.
In a survey of 105 companies in 2017, the most frequent public affairs tactic was related to: Select one: a.Grassroots issues. b.Political action committees. c.Issues management. d.Federal government relations.
d.Federal government relations.
All of the following are considered to be ethical issues for marketing professionals except: Select one: a.Fostering trust in the marketing system. b.Embracing ethical values. c.Doing no harm. d.Ignoring market fair dealing
d.Ignoring market fair dealing
In the United States, most solid waste ends up: Select one: a.Recycled. b.Composted. c.Incinerated. d.In landfills.
d.In landfills.
Policies that affect the supply, demand, and value of a nation's currency are: Select one: a.International standards policies. b.Social assistance policies. c.Fiscal policies. d.Monetary policies.
d.Monetary policies.
The idea that every distribution channel must work together to deliver a unified and consistent customer experience is called: Select one: a.Multi-channel. b.Natural monopoly. c.Fulfillment center. d.Omnichannel.
d.Omnichannel.
A common tactic in a financial-incentive political strategy is: Select one: a.Lobbying. b.Legal challenges. c.Expert witness testimony. d.Political contributions.
d.Political contributions.
The different ______ created by institutions are the main reason behind economic outcomes.
incentives
Put the steps in order: innovation productivity growth economic development
innovation productivity growth economic development
An argument against corporate social responsibility is that it imposes unequal costs among competitors.
True
At the beginning of the 20th century, no country in the world had universal suffrage.
True
Define "util" as it is used in TPoCD (page 2).
A measure of what is useful or procures well-being within a nation.
A business is any organization that is engaged in making a product or providing a service for a profit.
True
A social audit is a systematic evaluation of an organization's social, ethical, and environmental performance.
True
After finishing school, everyone in North Korea has to go into the army for 10 years.
True
Almost every civilization in the 1490s had extractive institutions, including the indigenous peoples of Latin America, and Spain itself.
True
Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms.
True
Business managers should use all four methods of ethical reasoning—virtues, utility, rights, and justice—to better understand ethical issues at work.
True
Businesses and governments often clash over who should have access to personal data found on devices such as smartphones and automobile black boxes.
True
Businesses that are frequent targets of public debate are more likely to develop a long-term political strategy.
True
Cost-benefit analysis is often used to determine the costs of regulation.
True
E-business revenues are expected to rise primarily due to consumers in emerging markets.
True
Economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand.
True
Efforts to prevent inequitable exposure to risk, such as from hazardous waste, are sometimes referred to as the movement for environmental justice.
True
Extractive political and economic institutions reinforce each other in a feedback spiral, as do inclusive economic and political institutions.
True
Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world.
True
Government can be considered both a market and nonmarket stakeholder.
True
Honesty, integrity, and accuracy are absolute requirements of the accounting function.
True
In 2018 the European Union passed legislation to protect personal user data during collection, processing, and storage.
True
In non-democratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority.
True
Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically.
True
Monetary policies refer to policies that affect the supply, demand, and value of the nation's currency.
True
Nations have tended to move sequentially through each phase of technology, beginning with the lowest technology and moving higher with each step.
True
Predatory pricing is a violation of antitrust laws.
True
Regulatory activity is often cyclical.
True
Rewards and incentives are effective ways to make business people consider the environmental impacts of their actions.
True
Robotic technology has advanced enough to generate many new business opportunities.
True
Some experts believe that cybercrime can only be controlled through international government coordination.
True
Sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves within their own countries.
True
The instrumental argument for the stakeholder theory of the firm says that companies perform better if they consider the rights and concerns of multiple groups in society.
True
The primary reason that hackers hack is to make money.
True
Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason.
True
Place the examples under the method of extractive progress: Elites allocate resources to high-productivity activities that they themselves control Elites permit somewhat inclusive economic institutions
USSR South Korea
Why do the authors of TPoCD think that GDP is a good measure of "utils"? a. Because GDP corresponds positively to life satisfaction, as measured by surveys. b. Because utils are made up and GDP is real
a. Because GDP corresponds positively to life satisfaction, as measured by surveys.
The main barrier to political centralization is a fear of change because: a. The party that centralizes the state will have more concentrated power in their hands b. Politics are complicated and laypeople do not understand them c. People would rather live in small kin-based tribes
a. The party that centralizes the state will have more concentrated power in their hands
What is the main reason "why there was no sustained increase in living standards between the Neolithic and Industrial revolutions"?
The fear of creative destruction.
Write down a example that illustrates the tragic and sometimes ridiculous situation of the Kongolese.
They were taxed every time the King's beret fell off!
From Justice based approach, clinical trials: Select one: a. Would be more ethical if people in the trial were given the medicine for free or low cost at a later point b. Are never ethical c. Are always ethical d. Are ethical if no one dies from the trial
a. Would be more ethical if people in the trial were given the medicine
The first two presidents of South Korea after WWII were _________________________, but they allowed a ____________________ and aggressively encouraged ____________________________. a. authoritarian, market economy, rapid economic growth b. authoritarian, state-run economy, steady economic growth c. non-authoritarian, market economy, steady economic growth d. non-authoritarian, state-run economy, rapid economic growth
a. authoritarian, market economy, rapid economic growth
What are the four "engines of prosperity" a. inclusive economic institutions b. inclusive political institutions c. education d. technology e. similar cultural traditions among the populace f. favorable geography
a. inclusive economic institutions b. inclusive political institutions c. education d. technology
A state that encourages creative destruction will do the following (TPoCD, page 15). SELECT ALL THAT APPLY a. investor in innovation b. protector of property rights c. preserver of competition d. insurer of employees against job loss e. determiner of market prices on innovation f. stimulus-giver to failing industries to keep them going
a. investor in innovation b. protector of property rights c. preserver of competition d. insurer of employees against job loss
In 1618, the Virginia Company finally switched tactics! They started granting the settlers: Select one or more: a. land b. houses c. suffrage d. sincere apologies for 40+ years of poor company leadership
a. land b. houses c. suffrage
Pluralistic (broad-based) political institutions are a necessary condition for inclusive economic institutions, but you also need a sufficiently _____________________ and _________________ state. Otherwise, your society could sink into _____________________ . a. powerful b. centralized c. democratic d. localized e. weak f.anarchy / tribal rule g. the pit of despair
a. powerful b. centralized f.anarchy / tribal rule
According to page 1 of The Power of Creative Destruction, creative destruction is: [SELECT ALL THAT APPLY] a. process by which new technology and jobs emerge b. process by which older technology, jobs, and firms may become obsolete c. driving force of capitalism d. a force that generates risk and upheaval e. process by which artists crush their rivals in novel ways f.when rock 'n' roll bands smash their instruments
a. process by which new technology and jobs emerge b. process by which older technology, jobs, and firms may become obsolete c. driving force of capitalism d. a force that generates risk and upheaval
The post-colonial eras of the U.S. (and North America more generally) were characterized by imperfect but expanding inclusive institutions, while in Mexico (and Latin America more generally), the ingrained inequality and lack of industrialization led to elites to reject broadening their institutions. Thus, the post-colonial era in Mexico (and Latin America more generally), was characterized by (SELECT ALL THAT APPLY): Select one or more: a. rotating dictators b. extreme political instability c. insecure property rights d. weak central state
a. rotating dictators b. extreme political instability c. insecure property rights d. weak central state
Extractive institutions MAY be able to generate some growth, but they will usually NOT generate: a. sustained economic growth b.broad-based technological innovations c. fragile systems
a. sustained economic growth b.broad-based technological innovations
A society where economic power is concentrated in the hands of government officials and political authorities is called: Select one: a.A central state control system. b.A social democracy. c.A political control system. d.A military dictatorship.
a.A central state control system.
Which of the following companies is being the most socially responsible? Select one: a.A company trying its best to operate in a way which will help local students get education and jobs. b.A company halting its production of toxic gases after it discovered that people objected to this practice and threatened legal action. c.A company trying to maximize its profits and then contributing to an environmental protection fund. d.A company changing its product design to comply with regulatory mandates.
a.A company trying its best to operate in a way which will help local students get education and jobs.
According to an Oxford University study, what percentage of current jobs were expected to be overtaken by robots in the next two decades? Select one: a.About 50 percent. b.Only around 10 percent. c.Nearly 90 percent. d.Less than one percent.
a.About 50 percent.
Which stance most accurately captures Novo Nordisk's approach to conducting clinical trials in an emerging economy? SELECT ALL THAT APPLY Select one or more: a. Novo Nordisk does NOT perform any clinical trials in emerging/developing countries because it feels that it is unethical to do so. b. Novo Nordisk does perform clinical trials in emerging/developing countries because it feels that the gains outweigh the costs c. Novo Nordisk does perform clinical trials in emerging/developing countries because it feels that it can do so ethically, as it stringently regulates itself. d. Novo Nordisk does perform clinical trials in emerging/developing countries, even though it recognizes that its trials are not ethical
b. Novo Nordisk does perform clinical trials in emerging/developing countries because it feels that the gains outweigh the costs c. Novo Nordisk does perform clinical trials in emerging/developing countries because it feels that it can do so ethically, as it stringently regulates itself.
Representation on the World Bank's board of directors is based on: Select one: a.The size of the member nation's population. b.The size of the member nation's economy. c.The size of the member nation's land mass. d.Equal representation of all member nations.
b. The size of the member nation's economy.
From a rights based perspective, clinical trials would be unethical if they Select one: a. Respect individual rights b. Violate individual rights by exploiting some people c. Bring everyone the same amount of benefit d. Share the costs equally among participants
b. Violate individual rights by exploiting some people
Before the Spaniards came, the Guarani people had __________________ and an agricultural way of life. Select one: a. equitable institutions b. systems of forced labor and tribute c. a peaceful, nature-based culture
b. systems of forced labor and tribute
The indigenous people of North America could not easily be exploited for tributes and forced labor because (SELECT ALL THAT APPLY): Select one or more: a. they didn't speak English well b. their society lacked strong centralization of authority c. they were sparsely spread across a big continent (i.e. population density was low) d. they had superior weapons, like nuclear bombs
b. their society lacked strong centralization of authority c. they were sparsely spread across a big continent (i.e. population density was low)
Immediately after failing to exploit the indigenous people, the Virginia Company Select one: a. instituted inclusive institutions among settlers and native people b. tried to exploit the settlers themselves
b. tried to exploit the settlers themselves
Congo's lack of political centralization [SELECT ALL THAT APPLY]: a. is unique in Africa b. is a feature shared with other countries in Sub-Saharan Africa c.results partly from a lack of effort to state-build by the elites d. demonstrates how economic institutions dictate political institutions
b. is a feature shared with other countries in Sub-Saharan Africa c.results partly from a lack of effort to state-build by the elites
The case Ethics of Off shoring: Novo Nordisk and Clinical Trials in Emerging Economies suggests that [____________] clinical trials in all emerging/developing economies are conducted in an ethical manner. Select one: a. all b. some c. no (none)
b. some
Which statement characterizes the moral reasoning typically found in a child? Select one: a."When in Rome, do as the Romans do." b."I'll let you play with my toy if I play with yours." c."Seek the greatest good for the greatest number." d."Respect the rights of others."
b."I'll let you play with my toy if I play with yours."
Which of the following is not an example of stakeholders' economic power? Select one: a.A supplier halts shipments to a business customer that demanded very low prices. b.A social group protests a government's decision to raise taxes. c.A local community boycotts a grocery store suspected of inaccurate weight scales. d.An equal rights group refuses to do business with a company that has a discriminatory hiring policy.
b.A social group protests a government's decision to raise taxes.
irms in the chemical industry, which must contend with frequently changing environmental regulations and the risk of dangerous accidents, usually have: Select one: a.No defined political strategy. b.A sophisticated political strategy. c.A political strategy focused on intellectual property rights. d.A political strategy focused on licensing rights.
b.A sophisticated political strategy.
Under the World Trade Organization's most-favored nation rule: Select one: a.All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. b.All import restrictions are illegal unless proven scientifically. c.Most-favored nations can impose heavy tariffs on other nations. d.Most-favored nations can oppose the dumping of goods by any nation in their home market.
b.All import restrictions are illegal unless proven scientifically.
The ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings is called: Select one: a.Robotics. b.Artificial intelligence. c.Cyborg knowledge. d.Autonomous brainpower.
b.Artificial intelligence.
The EU law passed in 2018 that required companies to promptly report personal data breaches was called: Select one: a.Digital Millennial Copyright Act. b.Right to be Forgotten. c.General Data Protection Regulation. d.Global Policy Forum.
c.General Data Protection Regulation.
A just or fair ethical decision occurs when: Select one: a. The rights of all affected are considered. b. The greatest good for those with power is achieved. c. Benefits and burdens are distributed more equally (fairly). d. All of the above
c. Benefits and burdens are distributed more equally (fairly).
As of 2016 what was the average cost of a data breach in the United States? Select one: a.$450 billion. b.$2.24 million. c.$7 million. d.$500 thousand.
c.$7 million.
Which of the following examples does not show a company guided by enlightened self-interest? Select one: a.A company providing the best quality product at a fair price. b.A company providing assistance to employees who attend evening college. c.A company breaking past records by maximizing quarterly profits. d.A company vice-president invited to attend a local community's town planning meeting.
c.A company breaking past records by maximizing quarterly profits.
The Mullahs in Iran is an example of the power of government derived from: Select one: a.A monarchy. b.A military dictatorship. c.A religious authority. d.A democracy.
c.A religious authority.
An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called: Select one: a.Balanced Corporation. b.B Lab. c.B Corporation. d.CSR Corporation.
c.B Corporation.
A compulsion to engage in rewarding behaviors, despite negative consequences is called: Select one: a.Tissue engineering. b.Physical dependency. c.Behavioral addiction. d.Facebook fatigue.
c.Behavioral addiction.
The antitrust enforcement agencies in the United States have the legal authority to: Select one: a.Legalize and enforce fixed prices in the U.S. b.Fine EU firms unfairly operating in Europe. c.Block anticompetitive mergers in the U.S. d.Issue tariffs against a foreign nation involved in illegal business practices.
c.Block anticompetitive mergers in the U.S.
Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because: Select one: a.Business people do not have the skill set to solve societal problems. b.The private sector is not mandated to solve these issues. c.Both of these answers are correct. d.Neither of these answers is correct.
c.Both of these answers are correct.
Departments, or offices, within an organization that reach across the dividing line that separates the company from groups and people in society are: Select one: a.Inter-departmental divisions. b.Geographical location areas. c.Boundary-spanning departments. d.Organizational maps.
c.Boundary-spanning departments.
How did Intel eliminate conflict minerals from their supply chain? Select one: a.Entirely through their own internal processes. b.The U.S. government stepped in to eliminate the conflict minerals. c.By collaborating with most suppliers in the chain including smelters, processors, and traders. d.Intel has not eliminated conflict minerals from their supply chain.
c.By collaborating with most suppliers in the chain including smelters, processors, and traders.
Company that builds stakeholder coalitions to influence government is using which strategy? Select one: a.Informational. b.Financial-incentives. c.Constituency-building. d.Friendly forces.
c.Constituency-building.
The capability of corporations to influence government, the economy, and society, based on their organizational resources is called: Select one: a.Corporate power. b.CEO power. c.Corporate citizenship. d.Corporate media.
c.Corporate citizenship.
Possible costs of environmental regulation include all of the following except: Select one: a.Unemployment. b.Reduced capital investment. c.Corporate restructuring. d.Lowered productivity.
c.Corporate restructuring.
Since 2008, the total amount spent on lobbying activity has: Select one: a.Remained exactly the same. b.Doubled. c.Decreased slightly. d.Increased slightly.
c.Decreased slightly.
Cross-cultural contradictions arise due to: Select one: a.The emergence of a developing country's economic power. b.Religious differences practiced by business executives. c.Differences between home and host countries' ethical standards. d.All of these answers are correct.
c.Differences between home and host countries' ethical standards.
Which type of employee is most likely to report ethical issues in the workplace? Select one: a.Rank and file. b.Middle managers. c.Executives. d.Part-time workers.
c.Executives.
Patterns of government taxing and spending that are intended to stimulate or support the economy are: Select one: a.International standards policies. b.Social assistance policies. c.Fiscal policies. d.Monetary policies.
c.Fiscal policies.
