bus100 quizzes

the reasons behind the uncertainty of an ethical or unethical decision is (are) different people and groups:

may honestly and genuinely use different sources of information, may rank various rights in different ways, and may not share the same meaning of justice

proactive companies are

much less likely to be blindsided by crisis and negative surprises

government regulations help balance negative externalities such as:

no smoking rules enforced to mitigate the effects of second-hand smoke

which of the following is considered to be a nonmarket stakeholder of business?

nongovernmental organizations

a company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:

operating under the compliance-based approach

one of the main reasons that American executives are paid so much is:

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

an analysis of the stability or instability of a government is an example of scanning which environment?

political

a common tactic in a financial-incentive political strategy is:

political contributions

under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:

reduced

stakeholder engagement is, at its core, a:

relationship

at the core of rights reasoning is the belief that:

respecting others is the essence of human rights

a large sporting goods store that raised the age for purchase of some firearms in response to public concerns for gun control were seen by detractors as:

risking their reputation by engaging in politics

stakeholder groups can include:

shareholders, business support groups, and environmental activists

around the world, government

sometimes cooperates and sometimes is in conflict with business

the issue management process is a:

systematic process companies use when responding to public issues that are of greatest importance to the business

proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because:

the private sector is not mandated to solve these issues AND business people do not have the skill set to societal problems

stakeholder engagement is:

the process of ongoing relationship building between a business and its stakeholders.

which of the following statements is not true about shareholders?

they own equal shares of company assets

A legal right of shareholders is:

to vote on menbers for the board of directors

when the benefits of an action outweigh its costs, he action is considered ethically preferred according to:

utilitarian reasoning

the five types of stakeholder power recognized by most experts are

voting, economic, political, legal, information power

companies demonstrate global corporate citizenship by:

finding business opportunities that serve society and integrating concern for both financial and social performance.

what is one advantage of operating as a B corporation

government certifications are frequently conferred

An argument that opposes the idea of high executive pay is:

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

an argument in support of high executive compensation is:

high salaries provide an incentive for innovation and risk-taking

business managers need a set of ethical guidelines to help them:

identify and analyze the nature of the ethical problem

al of the following are considered to be ethical issues for marketing professionals except:

ignoring market fair dealing

the iron law of responsibility says that:

in the long run, those do not use power responsibly will lose it

corporations that run their operations according to the stakeholder theory of the firm create value by:

innovating new products, increasing their stock price, and developing their employees' professional skills

building ethical safeguards into a company's everyday routines is called:

institutionalizing ethics

a firm subscribing to the shareholder theory of the firm would mainly be concerned with providing value for its:

investors

a stakeholder analysis:

involved understanding the nature of stakeholder interests.

contemporary issue management:

is an interactive, forward-thinking process

all of the following are external stakeholders of the firm except:

managers

which of the following examples does not show a company guided by enlightened self-interest?

a company breaking past records by maximizing quarterly profits.

which of the following companies is being the most socially responsible?

a company trying its best to operate in a way which will help local students get education and jobs.

the emergence of a public issue indicates that:

a gap may be developing between what stakeholders expect and what an organization is actually doing.

proponents of business as a political participant argue:

a pluralistic system invites many participants; and business is a vital stakeholder of government

which of the following is not an example of stakeholders' economic power?

a social group protests a government's decision to raise taxes

which statement is not correct about the business-society interdependence?

actions by governments rarely affect business

which of the following is the result of the inseparable relationship between business and society?

all business decisions have a social impact and the vitality of business depends on society's actions and attitudes

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

appoint an independent lead director

an emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

b corporation

governments role is to create and enforce laws that:

balance the relationship between business and society

a just or fair ethical decision occurs when:

benefits and burdens are distributes in fair proportions

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

both dividends and capital gains

public policies and government regulations are shaped by:

business, special interest groups, and government

which of the following statements is true about corporate social responsibility?

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.

failure to understand the beliefs and expectations of stakeholders:

causes the performance-expectations gap to grow larger

some companies have created a department of corporate citizenship to:

centralize under common leadership wide-ranging corporate citizenship functions

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

compensation

which political action strategy seeks to gain support from other affected organizations to better influence policymakers?

constituency-building strategy

when working well the issue management process:

continuously cycles back to the beginning and repeats

the capability of corporations to influence government, the economy, and society, based on their organizational resources is called:

corporate power

as business becomes increasingly global

cross-cultural contradictions will increase

which of the following is an example of fulfilling social objectives through stock ownership?

divesting from chinese companies that made products using forced labor

cooperation between business and government often occurs with which of the following industries?

electric utilities and railroads

Over time, the nature of business's relationship with its stakeholders often:

evolves through a series of stages

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

exercise formal legal authority over company policy