Business and Society Test Questions
According to management scholar Karl Albrecht, scanning to acquire environmental intelligence should focus on:
eight strategic radar screens
the purpose of the world trad organization is to
eliminate barriers to free trade among nations
The unspoken understanding among employees of what is and is not acceptable behavior is called
ethical climate
Advocacy advertising focuses not on a company's views on controversial political issues, but rather on a particular product or service
false
Only G-8 nations are affected by corporate operations, and as a result, social responsibility has not yet become a worldwide expectation
false
biodiversity refers to the number and variety of species that have become extinct
false
following laws can always define proper action
false
illegal acts committed by employees, such as fraud and insider trading , are called blue collar crimes
false
in most companies a moral atmosphere cannot be detected
false
regulation cannot be applied to international business bhavior
false
the majority of large us corporations do not have codes of ethics
false
the worlds income is distributed equally among nations
false
Business managers need a set of ethical guidelines to help them
identify and analyze the nature of the ethical problem
the load policies of the world bank
impost strict restrictions on debtor countries which can sometimes lead to hardship
Expert witness testimony is often provided
in congressional hearings
public policy tools involve a combination of
incentives and penalities
Building ethical safeguards into a company's everyday routines is called
institutionalizing ethics
Companies see the need to build more coherent initiative as they move into the
integrated stage
which of the following statements is not true about arable land
it is a nonrenewable resource
policies that affect the supply, demand, and value of a nations currencies are
monetary polices
Overall corporate citizenship initiatives are
more advanced in northern that in southern europe
shareholder activism is
more pronounced in the US
In 2009 the international monetary fund and the world bank projected that the global economy crisis would lead to losses
of more than 4 trillion in the value of stock and other assets
a thing layer of gas that protects the earth from excessive ultraviolet radiation from the sun is
ozone
a common tactic in a financial incentive political strategy is
political contributions
a new imperative for governments businesses and society is to
preserve the global commons and assure its continued use
which of the following statement is not true about effienciency
prices for eco efficient products reflect highly inflated costs of environmental resources
in 2008 a google and yahoo advertising partnership that would allow google to sell ads alongside some search results in yahoo prompted:
protests by consumer groups, advertising associations and some firms.
the most successful global businesses in coming years will be those companies that
recognize the imperative for sustainable development as an opportunity both for competitive advantage and ethical action
campaign finance reform was sought in the US to
reduce the corrupting influence of money in the political process
under the US Corporate Sentencing Guidelines , if a firm has developed a strong ethics program, corporate executive found guilty of criminal activity may have their sentecnce
reduced
in december 2003 a federal court ruled that the campaign finance reforms ban on soft money
restricted a large source of government corruption
People everywhere depend on ethical systems to tell them whether their actions are
right or wrong
Developing products and services that meet the needs of the worlds poorest citizens is sometimes called
selling to the bottom of the pyramid
which ethics policies are most popular amongst European and Canadian companies?
statement of the company's values and missions
in 2001, the french Parliament passed the "new economic regulations" law which requires a social performance audit focusing on its impact on
the community
A conception of right and wrong is
the definition of ethics
according to the utilitarian reasoning, if the benefits outweighs the cost, then the action is ethical because it produces
the greatest good for the greatest number of people
Reregulation is
the increase or expansion of government regulation
companies have been permitted to contribute to political action committees since
the mid 1970s
the richest 1 percent of people in the world receive as much income annually as
the poorest 57 percent
the most important agreement which codifies human rights is the
the universal declaration of human rights
Global market channels involve a firm producing goods in
their home country and exporting them to other countries
Peoples ethical beliefs come from
their religious background , family, and education
Cooperation between business and government often occurs when
they encounter a common problem or enemy
a cooperative government business relationship on one issue does not guarantee cooperation on another issue
true
any business that wished to do so can improve the quility of its ethical performace
true
cost benefit analysis is often used to determine the costs of regulations
true
sustainable development is an appealing idea but also a very controversial one
true
sustainable development will require technology cooperation through long term partnerships between companies in developed and developing countries to transfer environmental technologies
true
the words natural resource base-the air, water, soil,minerals, and so forth is essentially finite, or bounded
true
regulation can be argued as justified based on
utilitarian and justice grounds
a critics of globalization might argue that companies decide to manufacture in China mainly because of chinas
weak health and safety regulations
in a 2009 harris pool how many people believed that political action committees were seen as too powerful
85 percent
Scholars found that spirtuality
A and B
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 student get education and jobs
Stakeholder groups can include:
All of the above
The components of a typical issues management process include:
All of the above
What stakeholder group can exercise legal power?
All of the above
Which of the following examples best illustrate the boundary exchanges a company would encounter according to the general systems theory?
All of the above
Which of the following is a typical practice in ethics audit procedure?
All of the above
Which of the following statements is(are) correct about stakeholders power?
All of the above
the interactive digital software association case exemplifies:
All of the above
Once an issue has been identified, its implications must be
Analyzed
Positive reputation can be valued as an intangible corporate:
Asset
Proponents against social responsibility feel that public officials, not business people, should solve societal problems because:
Both A and B
A stakeholder map is a useful tool because:
Both A&B but not C
mature adults typically base their ethical reasoning on broad principles and relationships such as:
Both A, B not C
Customers can exercise economic stakeholder power by:
Boycotting products if they believe the goods are too expensive.
An effective way to learn what issues are important to people outside of the organization is through:
Building ongoing, positive relationships with stakeholders
Argentina and Mexico are at what level of citizenship activity?
Catching up
Modern corporations should be socially responsible because they:
Create jobs, influencing the lives of employees.
The "graying" of the population is an example of:
Customer environment
the study of how living things interact with one another in a unified natural system is called
Ecology
Which ethical criterion is described by the idea that a company should strive for efficiency?
Egoism
HP Brazil, a subsidiary of Hewlett-Packard, developed the Digital garage project to:
Empower less privileged Brazilian youth to participate in the growing technological society.
the executive body of the European Union is called the
European Commission
Overtime, the nature of business's relationship with its stakeholders often:
Evolves through a series of stages
A public issue exists when there is agreement between the stakeholders expectations of what an institution should do, and the actual performance of those businesses
False
A tangible asset is something that cannot be seen or counted, but nonetheless has value.
False
According to management scholar Karl Albrecht, scanning to acquire environmental intelligence should focus on four strategic radar screens.
False
Being socially responsible means that a company must abandon its other missions
False
Business cannot expect to be profitable while adhering to the ethical principals of conduct
False
Businesses and society are independent of one another
False
Critics of globalization support the spread of American ideals and culture throughout the rest of the world
False
Enlightened self interest is the idea that the wealthiest members of society should be charitable toward those less fortunate.
False
Financially sound companies do not need to understand how a public issue is likely to evolve, and how it will affect
False
General Motors has been called a "template for 21st century capitalism"
False
Global corporate citizenship refers to putting an organizations commitment to social and environmental responsibility into practice locally.
False
Globalization is accepted worldwide and creates little controversay
False
If a company acknowledges the need to build more coherent initiatives , it is in the innovative state of becoming a corporate citizen
False
Market stakeholders include nongovernmental organizations and the media
False
Most nations in the world share similar political, social and economic beliefs
False
Only in the last decade have scholars found a positive relationship between organizations economic performance and attention to spiritual values
False
The most effective type of lobbying involves targeting only federal officals
False
The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its stakeholders.
False
ethics are primarily based on religious beliefs
False
The foundation that is engaged in inspiring senior management, involving all business lines in the organization, and having an impact by way of results is called
Fundacion Empresa y Sociedad
in 2006 the leading non financial transnational corporation, with foreign assets totaling 443 million was
General Electric
Which of the following statements is true
In Japan, most codes were found to be a mixture of legal compliance and statements of mission
Firms that believe they can make decisions unilaterally, without taking into consideration their impact on other are:
Inactive companies
Which of the following organizations have developed standards to judge corporate performance?
International organization for standards
A stakeholder analysis
Involves understanding the nature of stakeholder interests.
When a community group sues a company for health effects caused by unsafe toxic chemical disposal, it is an exercise of a stakeholders?
Legal Power
When undertaking social initiatives, company:
May sacrifice short term profits
Corporations working collaboratively with other businesses and concerned persons and organizations is an example of:
Stakeholder networks
Once an organization has implemented the issue management program, it must:
Study the results and make necessary adjustments
Which of the following is not a motivation for adopting a balanced score card approach?
Technological considerations
which is an example of a social and political reform that has led to the acceleration of globalization?
The collapse of the former communist states of central and eastern europe
Which of the following is not considered to be a non market stakeholder?
The natural environment
Which of the following is not a typical use of an ethics reporting mechanism?
To give employees an opportunity to discuss the appropriate rating on their annual performance review without managements influence.
A stakeholder map is a useful tool, because it enables managers to see quickly how stakeholders feel about an issue and whether salient stakeholder tend to be in favor or opposed.
True
Being ethical includes developing a sense of trust, which promotes positive alliances among business partners.
True
Corporate citizenship invovles transforming a concern for financial perforamances into a vision of corporate financial and social perforamance
True
Corporate social responsibility is the idea that businesses interact with the organizations stakeholders for social good while they pursue economic goals
True
Emerging public issues are a risk and an oppurtunity
True
Environmental intelligence is the acquisition of information gained from analyzing the multiple environments affecting organizations.
True
Ethical ideas are present in all societies, all organizations, and all individual persons.
True
Monetary policies refer to policies that affect the supply, demand and value of the nations currencies
True
The emergence of public issues often encourages companies to monitor public concerns , respond to government proposals , and participate in the political process
True
Triple bottom line reporting requires that a firm report financial data
True
economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand
True
loaning office personnel is a financial incentive political stratgey tool
True
most scholars agree that business must participate in politics
True
the concept of corporate responsibility is rooted in the meaning " to pledge back" creating a commitment to give back to society and the organizations stakeholders
True
the term sector refers to broad divisions of a whole
True
under the world trade organizations most favored nation rule, member countries may not discriminate against foreign products for any reason
True
The four types of stakeholders power recognized by most experts are:
Voting, economic, political, and legal power
public policy is the basic set of goals , plans and actions undertaken by
a governemnt
the mullah in Iran is an example of the power of government derived from
a religious authority
Depletion of the ozone layer, destruction of the rain forest, and species extictions all have an impact on
all of society
The reasons behind the uncertainty of an ethical or unethical decision is that different people and groups
all of the above
an example of an international financial and trade institution is
all of the above
an individual who is a supporter of globalization would argue that it helps the developing world by
all of the above
businesses are expected to be ethical in their relationships with
all of the above
two or more participants joining together to act in concert in the political process is called
an ad hoc coalition
sustainable development
balances economic and environmental considerations
Motorola and Reebok are examples of:
both B C not A
the core ideas of sustainable development is
both a and b not c
managers understanding of government regulation is
both a domestic and international issue
the greatest number of political action committees is represented by
business
as an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of
chaplains
The idea that the wealthiest members of society should be charitable toward those less fortunate is the:
charity principal
Deregulation has occurred in the following industries
commercial airlines, railroads, and financial institutions
The costs of corporate social responsibility may ultimately be passed on the:
consumer through high prices
social responsibility reflects:
cultural values and traditions, taking different forms in different societies
with respect to fresh water, according to one estimate, if it were possible to eliminate pollution, capture all available fresh water, and distribute fresh water equitably
demand would exceed supply within a hundred years
a corporate political strategy does not
determine the legal limits allowed for campaign financing
which of the following is an argument in favor of corporate social responsibility
discourages government regulation