BUS 100 Final

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

A central state control system.

Sustainable development:

Balances economic and environmental considerations.

All of the following values are present in most ethical decisions except:

Be cruel

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

Business leaders speaking before government policymakers.

Life-cycle analysis involves:

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

Integrity-based ethics programs:

Combines concern for the law with an emphasis on employee responsibility.

Under the Sarbanes-Oxley Act, corporations are required to:

Have executives vouch for the accuracy of a firm's financial reports.

The information strategy tool most used by business is:

Lobbying

The "agency problem" arises when:

Managers act in their own interest instead of those of shareholders.

By law, the financial records of publicly held companies are required to be:

Must be audited by a CPA

In the U.S., the right to free speech:

Must be weighed against the consequences for the community.

Studying the underlying cause of repeated supplier violations is called:

Root Cause Analysis

How are directors (members of corporate boards) selected?

Shareholders select from a list of candidates

Which of the following is not true about occupational segregation?

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

Factor conditions are strategic contributions focusing on:

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

The most important agreement which codifies human rights is the:

The universal declaration of rights

Which of the following statements is not true about shareholders?

They own equal shares in the company

Dark money refers to:

Undisclosed contributions to tax-exempt organizations.

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

Vote on CEO

Microfinance

banks lending money to low income businesses

When the market fails to adjust for the full costs of a firm's behavior, this is called

market failure

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

Cooperation between business and government often occurs when:

they encounter a common problem or enemy

A company can increase diversity and inclusion in the workforce by:

Accommodating family needs outside of work

Past decisions of the courts, the original basis for the U.S. legal system, are called

Common laws

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

Compliance and integrity

According to a survey of community relations managers, what is the most important social issue facing communities today?

Education

Which of the following arguments supports the concept of high executive compensation?

High salaries provide an incentive for innovation and risk taking

The theory of comparative advantage states that:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

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

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

Natural capital refers to the world's:

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

The main drawback to utilitarian reasoning is that:

difficult to measure both costs and benefits

The term "glass walls" refers to:

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

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

industry self-regulation

Deregulation is often:

politically popular idea

The "right to be heard" assures that consumers' interests will:

receive full and sympathetic attention

A visual representation of the many links between a lead firm and its suppliers, superimposed on a geographical map is called a:

supply chain map

Which of the following is not an instance of "insider trading"?

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

Which of these actions can businesses take to reduce income inequality?

Commitment to pay a living wage to all employees

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

Compensation committee

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

Decreased

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

One of mutual interdependence

Most ethics or compliance officers are generally entrusted to:

Reduce the risks to the company of employee misconduct

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

a variety of language skills serves a customer base better

The amount of land and water a human population needs to produce the resources it consumes and to absorb its wastes given prevailing technology is called:

ecological footprint

When a government orders companies not to conduct business in another country because of a war, human rights violations, or lack of a legitimate government; these orders are called:

economic sanctions

Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions?

egally marketing a pesticide abroad that has been banned in the U.S.

The Occupational Safety and Health Act gives workers the right to a job:

free from recognized hazards that are likely to cause death or injury

Warning consumers about the possible side effects of pharmaceutical drugs is an example of consumer protection against:

hazardous products

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

health and safety

Which of the following is an argument against affirmative action?

it inconsistent with the principles of fairness and equality

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

it is a nonrenewable resource

Which stage of corporate environmental responsibility focuses on the full life cycle of a product?

product stewardship

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

right to safety

The term civic engagement describes:

the active involvement of businesses and individuals in improving communities

Which of these statements accurately describe hacktivists known as grey hatters?

they seek media attention and profits

A reason for an increase in employee monitoring does not include:

to reduce the employers health insurance premiums

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

voluntary industry code of conduct