BA 325 14, 15, 16, 17, 18

By 2016, the Bureau of Labor Statistics estimates that what percentage of all workers will be women?

47 percent

The major federal consumer protection agencies are authorized by law to:

A. Intervene directly into the very center of free market activities, if that is considered necessary to protect customer. B. Substitute government mandated standards for decision making by private buyers and sellers.

Only after which of the following conditions is Met, should the whistle-blower go public?

A. The unreported Act which do serious and considerable harm to the public. B. The employee has reported that the act with his or her immediate supervisor and has made their moral concern known.

Which of the following statements is true about community relations?

About 80 percent of companies factor community involvement into their overall strategic plan.

The growing diversity in the U.S. workforce is due to: A) More women working than ever before. B) Immigration has reshaped the workplace. C) An aging workforce. D) All of the above.

All of the above

A goal of the consumer movement is to make consumer power:

An effective counterbalance to the rights and powers of firms that sell goods and services.

The Securities and Exchange Commission outlaws:

Any manipulative or deceptive device used to trade stocks.

Advertising that is targeted to particular customers, based on their observed online behavior, is called:

Behavioral advertising.

The Audit Committee is required by U.S. law to be:

Composed entirely of outside directors and Financially literate A and B, but not C

The law requiring that toys and infant products be tested before sale is called the:

Consumer Product Safety Improvement Act.

Which of the following is true about corporate boards?

Corporate boards average 12 members.

Since the mid 1950s portion of American workers presented by unions has:

Decreased

Investors may receive an economic benefit from the ownership of stock by receiving:

Dividends and capital gains Both B and C, but not A

What is the most important social issue facing communities, according to a survey of community relations managers?

Education.

The directors of a company are a central factor in corporate governance because they:

Exercise formal legal authority over company policy.

Which of the following is not a goal of consumer protection laws?

Facilitate consumers' getting extended credit when making purchases.

In the United States, which of the following agencies enforces the laws prohibiting deceptive advertising?

Federal Trade Commission.

Which of the following departments was established in 1914 and has been given additional powers to protect consumers over the years, including in the area of online privacy?

Federal Trade Commission.

How do "glass walls" differ from "glass ceilings?"

Glass walls focus on sideways promotions in the organization.

Which of the following sectors receives the largest percentage of corporate cash and in-kind contributions?

Health and human services.

Which of the following arguments opposes the idea of high executive pay?

High salaries divert resources that could be used to invest in the business.

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

Hold regular meetings without the CEO present.

Which company paid its employees to volunteer in their communities two days a week after a tsunami in Japan disrupted operations at its U.S. facilities?

Honda Motor Company.

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

Industry self-regulation.

Which of the following is not an argument for high executive compensation?

Inflated executive pay helps U.S. firms compete with foreign rivals.

Privacy rights seek to protect the employees private lives:

Intrusive and unwarranted business actions.

Average corporate giving in the Unites States:

Is far below the 10 percent tax deduction now permitted. (NOT ALL THE ABOVE)

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

It is one of mutual interdependence.

Which of the following is not included among purposes for establishing community relations departments by businesses?

Manage international relations projects for economic development.

The "agency problem" arises when:

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

Under US laws:

Most private and public workers have the right to hold an election to choose what Union they want to represent them, if any.

The main reason that American executives are paid so much is:

Pay is set by the compensation committees of the board, largely comprised of other CEOs who have an interest in pushing compensation up.

Another term for corporate giving is corporate:

Philanthropy.

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

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

The Sarbanes-Oxley Act makes it illegal for employers to:

Retaliate against whistle-blowers who report information that could have an impact on the value of the company's share.

In response to concerns about the lack of transparency in financial accounting, Congress passed a new law called the:

Sarbanes-Oxley Act.

The main responsibility of the National Highway Traffic Safety Administration is to:

Set motor vehicle safety standards.

How are directors (members of corporate boards) selected?

Shareholders elect the directors from a list of candidates.

The Council of economic properties has developed a set of workplace rules called:

Social Accountability 8000.

According to a Harvard Business Review study, which of the following is not an area in which corporate contributions are most likely to enhance a company's competitiveness?

Stakeholder management.

The term civic engagement describes:

The active involvement of businesses and individuals in improving communities.

Consumers have become more dependent on businesses for product quality because:

The complexity of products makes choices complicated for consumers.

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.

Which of the following is(are) core rights of consumers?

The right to safety.

Which of the following is a mission of the Food and Drug Administration?

To assure the safety and effectiveness of a wide range of consumer products.

Some labor unions have departed from their traditional adversarial approach to work cooperatively with employers for their mutual benefit.

True

The employment relationship confers rights and duties on both sides.

True

Under the Family Medical Leave Act, companies that employ 50 or more people must grant unpaid, job-protected leaves for up to 12 weeks to employees with serious family needs, including the birth or adoption of a baby.

True

The activism of institutional investors in other countries has been spearheaded by:

U.S.-based pension and mutual funds that in recent years acquired large stakes in foreign countries.

The right to free speech is protected in the:

US Constitution

In some cases, businesses have banded together to agree on how they will treat their customers. This is called:

Voluntary industry codes of conduct.

Institutional investors are sometimes referred to as:

Wall Street investors.

A prime social responsibility of business is to safeguard consumers:

While continuing to supply them with goods and services they want.

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 occurred?

Whistle-blowing

Which of the following government rules on equal treatment of employees does not apply to businesses?

affirmative action plans must be permanent

Under the Family and Medical Leave Act FMLA passed in 1993

companies that employ 50 or more people must grant unpaid job protected leave for up to 12 weeks to employees faced with serious family needs

"Glass walls" refers to:

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

Which of the following is an argument against affirmative action?

it is inconsistent with the principles of fairness and equality

Reverse discrimination occurs when

one group is unintentionally discriminated against in an effort to help another group

Which of the following is an action that companies take to manage diversity?

set up a Diversity Council to monitor the company's goals

A study by Catalyst found that companies with three or more female directors had:

significantly higher returns on equity that those with no female

Which of the following is not a benefit of managing diversity effectively

these businesses get tax breaks from the federal government