UMN MGMT 1005 Practice Exam 3

Who said, "Nature has placed mankind under the governance of two sovereign masters, pain and pleasure. It is for them alone to point out what we ought to do, as well as to determine what we shall do?" (a) - Jeremy Bentham (b) - Adam Smith (c) - Stanley Milgram (d) - Immanuel Kant (e) - none of the above

(a) - Jeremy Bentham

Although the Benefit Corporation model has attracted significant attention, Lynn Stout may argue that it's nothing special, in the sense that many states already allow firms to legally pursue social objectives in addition to (or instead of) economic ones. (a) - True (b) - False

(a) - True

The history of intellectual property policy in the United States can be traced back to the Constitution. (a) - True (b) - False

(a) - True

According to climate science research (reported by Joseph Romm), human industrial activities have contributedto Earth's warming. The majority of this warming has been found to go to _____________. (a) - the Earth's oceans (b) - the Earth's upper atmosphere (c) - the Earth's biggest industrial zones (d) - the Earth's forests (e) - none of the above

(a) - the Earth's oceans

Which of the following best describes Garrett Hardin's critique of Adam Smith (or Smith's followers)? (a) - the pursuit of self interest does not always lead to collective benefits (b) - government intervention into economic affairs is sometimes necessary (c) - human motivations are broader than conceptualized by Smith (d) - the environment has been depleted so much since Smith's time that his ideas no longer apply (e) - none of the above

(a) - the pursuit of self interest does not always lead to collective benefits

Which of the following does John Rawls argue we would reject if choosing rules from a fair position? (a) - utilitarianism (b) - relativism (c) - egalitarianism (d) - economic inequality (e) - market regulation

(a) - utilitarianism

According to Adam Smith, self interest is the only true human motivation. (a) - True (b) - False

(b) - False

According to the "fairness" or "justice" approach, it is unethical for a CEO to be paid more than his or her employees. (a) - True (b) - False

(b) - False

Although attractive on paper, eco effective approaches have yet to be implemented by any real companies. (a) - True (b) - False

(b) - False

In addition to being a great composer, John Philip Sousa (along with Thomas Edison) was a pioneer in the area of "mechanical music" and worked with Congress to update intellectual property law to make it more amenable to new technologies. (a) - True (b) - False

(b) - False

According to Charles Duhigg, why was Target so eager to use its predictive modeling techniques to identify expectant mothers? (a) - expectant mothers tend to shop with their friends and thus bring more people to the store (b) - expectant mothers are likely to alter shopping habits as they are undergoing a big life change (c) - expectant mothers have the highest spending of all demographic groups (d) - expectant mothers are especially easy to collect data on and therefore model statistically (e) - none of the above

(b) - expectant mothers are likely to alter shopping habits as they are undergoing a big life change

According to Norman Bowie, Kant is best known for developing the principle of _____________. (a) - "universal will" (b) - "natural virtue" (c) - "respect for persons" (d) - "dialectics"

(c) - "respect for persons"

Which of the following was NOT identified as a potential strategy for "closing the loop" in Herman Miller's implementation of the cradle-to-cradle protocol? (a) - Herman Miller could collect the chairs (b) - Retailers could collect them (c) - Landfills could safely dispose of the chairs (d) - Third party collector could collect them (e) - all of the above were identified as potential strategies

(c) - Landfills could safely dispose of the chairs

Rachel Carson has been identified as perhaps the single most influential figure in the launch of the modernenvironmental movement. Which of the following best describes her contributions in this area? (a) - writing popular music that drew awareness to environmental destruction (b) - proposing legislation that led to the creation of the environmental protection agency (c) - popularizing research on the harmful effects of chemicals for the environment (d) - actively organizing protests outside the capitol and corporate headquarters (e) - none of the above

(c) - popularizing research on the harmful effects of chemicals for the environment

Although they acknowledge it is a step in the right direction, proponents of eco effectiveness have also expressedskepticism with respect to whether the 3R's (reduce, reuse, and recycle) are truly sustainable. Which of the following is a source of this skepticism regarding efforts to reduce resource use? (a) - reducing resource use may paradoxically cause people to stock up on resources, thereby using more re-sources (b) - reducing resource use may cause the emergence of unregulated black markets, which may be more wasteful than current industry (c) - reducing resource use does not halt depletion and destruction—it just slows it down (d) - reducing resource use puts constraints on innovation, but innovation is necessary to find new sustainable technologies (e) - none of the above

(c) - reducing resource use does not halt depletion and destruction—it just slows it down

Which of the following best describes the purpose of Creative Commons? (a) - to revitalize work in the public domain after suffering for decades from the tragedy of the commons (b) - to create the world's first international system of copyright protection (c) - to make it easier for authors to allow others to share, use, and build on their work (d) - to pressure political leaders to make changes in copyright law that are consistent with "remix culture" (e) - none of the above

(c) - to make it easier for authors to allow others to share, use, and build on their work

According to Lawrence Lessig, what is unique about the work of the band "Girl Talk" that raises legal concerns and has made some distributors reluctant to sell the band's albums? (a) - The band mixes sounds from everyday people who were recorded without permission in their songs (b) The band uses images in liner notes from other famous albums without permission (c) - The band has vowed to make all their music freely available on torrent sites (d) - The band mixes samples from many different artists into their songs (e) - none of the above

(d) - The band mixes samples from many different artists into their songs

A central story in Lawrence Lessig's argument surrounds an episode in which argued, "per-mission is vital, legally" when someone wants to perform a cover of a song? (a) - Courtney Love (b) - Michael Jackson (c) - Bono (d) - Yoko Ono (e) - none of the above

(d) - Yoko Ono

Within the eco effectiveness design approach, which of the following best describes the meaning of the concept "waste = food"? (a) - the concept reminds us of the failings of the eco efficiency approach (b) - the concept reminds us that each day, millions of pounds of fresh food are needlessly thrown away (c) - the concept reminds us that if we do not become more sustainable in our use of resources, waste will =food, given the finite size of the planet (d) - the concept reminds us that components (or waste) from old products can serve as input(or food) for new products (e) - none of the above

(d) - the concept reminds us that components (or waste) from old products can serve as input(or food) for new products

Which of the following is NOT a commonly identified aspect of social entrepreneurship? (a) - relentlessly pursuing opportunities to serve a social mission (b) - engaging in a continuous process of innovation, adaptation, and learning (c) - adopting a mission to create and sustain social value (d) - exhibiting heightened accountability to constituencies served (e) - all of the above are commonly identified aspects

(e) - all of the above were identified as potential strategies