BULW TEST ONE

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

audited by a certified professional accounting firm

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

A firm that has global operations has:

B) Some or all of their manufacturing or service operations abroad.

Market stakeholders include nongovernmental organizations and the media.

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

Only in the last few years have scholars found a positive relationship between an organization's economic performance and attention to spiritual values.

FALSE

being socially responsible means that a company must abandon its other missions

FALSE

business and society are independent of one another

FALSE

corporate citizenship refers to a set of beliefs stating that socially responsible behavior is a good idea

FALSE

enlightened self-interest is the idea that the wealthiest members of society should be charitable toward those less fortunate.

FALSE

the external environment of business is static.

FALSE

A firm that has global operations has:

Some or all of their manufacturing or service operations abroad.

Good corporate citizens:

Strive to conduct all business dealings in an ethical manner. Work to protect the environment Make a concerted effort to balance the needs of all stakeholders.

A business is any organization that is engaged in making a product or providing a service for a profit.

TRUE

governments role is to create and enforce laws that:

balance the relationship between business and society.

Modern corporations should be socially responsible because they:

be held accountable by any actions of that affect people, communities and their environment

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

central state control system

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

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

legal environments intelligence includes

considerations of patents, copyrights, or trademarks.

the primary purpose of the international monetary fund is to:

ensure the stability of the international monetary system--system of exchange rates and international payments that enables countries to transact with each other.

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

have executives vouch for the accuracy of the firms financial statements

microfinance refers to banks:

lending money to low income businesses

Business leaders like Henry Ford, developed these programs to support the recreational and health needs of their employees

paternalistic programs

the core components upon which a company's ethical performance depends include:

personal character of the managers and employees, values and virtues of managers, traditions and business practices built into a companys culture

Public issues are also sometimes referred to as:

social issues & sociopolitical issues

businesses are expected to be ethical in their relationships with

stockholders, customers, and competitors

Once an organization has implemented the issue management program, it must:

study the results and make necessary adjustments

a conception of right and wrong is:

the definition of ethics

the stakeholder theory of the firm argues that a firms sole purpose is to create value for its shareholders

FALSE

today, more companies than ever are turning to formal ethical audits to measure the quality of their ethics programs

FALSE

The capability of corporations to influence government, the economy, and society, based on their organizational resources is called the big business principle.

TRUE

a corporations investor relations department interacts mainly with shareholders.

TRUE

according to utilitarian reasoning, an action is ethically preferred when its benefits outweigh its costs

TRUE

although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms

TRUE

amazon has been called "earths biggest store"

TRUE

bribery is found in nearly every sector of the global marketplace, but can be worse in some parts of the world

TRUE

companies are learning that it is important to take strategic approach to the management of public issues, both domestically and globally.

TRUE

competitive intelligence enables managers in companies of all sizes to make informed decisions in all areas of the business

TRUE

globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world

TRUE

sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves without their own countries

TRUE

stakeholders involved with one part of a company may have little or no involvement with another part of the company

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 explosive use of social media is an example of which environment?

social environment

a leadership role in addressing emerging management issues is often taken by:

the public affairs department, the government relations department, and the department of sustainability or envirionmental, health, and safety

global market channels involve a firm producing goods in:

their home country and exporting them to other countries