MGMT 3011 FINAL EXAM

In the context of Social Responsibility, global citizenship is seen as an opportunity to: a) gain a competitive advantage b) create value for the organization c) help address global challenges d) All of these choices are correct.

All of these answers are correct

One view against social responsibility states that public officials not business people solve societal problems because: a) Business people may not have the skills to solve societal problems b) Public officials were elected to manage social topics c) the private sector is not mandated to solve public issues d) All of these choices are correct.

All of these choices are correct.

The antitrust enforcement agencies in the U.S. have the legal authority to: a) negotiate informal settlements of possible antitrust violations with companies out of court b) bring lawsuits agains companies they believe are guilty of violating antitrust laws c) block anticompetitive mergers in the United States d) all of the answers are correct

All the answers are correct

The core mission of a social entrepreneur is to

Create and sustain social rather than economic value

Being socially responsible means that a company must abandon its other missions.

FALSE

Patterns of government collecting and spending funds to stimulate or support the economy fall under which type of policy?

Fiscal

When a company puts its commitment to social and environmental responsibility into practice worldwide, not just locally or regionally,

Global corporate citizenship

One of the most appealing arguments in favor of corporate social responsibility is that voluntary social acts

May head off increased government regulation

Corporate social responsibility is the idea that the business interacts with the organization's stakeholders for social good while they pursue economic gain

TRUE

Large international businesses can disproportionately influence politics, shape tastes, and dominate public discourse

TRUE

A test to determine if the benefits of regulations are worth its costs is called a

cost-benefit analysis

Social Audit Standards can be developed by which groups? a) Companies can set standards for themselves, for suppliers, and for partners b) Global nongovernmental organizations or standard-setting groups can set social audit standards c) A group of firms in the same business can set industry-wide standards. d) All of these choices are correct.

d) All of these choices are correct.

The removal or scaling down of regulatory authority and activities of government is called

deregulation

Which entity enforces rules to balance the relationship between business and society?

government

The iron law of responsibility says that

in the long run, those who do not use power responsibly will Lose it.

Public policy tools, to prompt citizens and businesses to act in ways that achieve policy goals, involve a combination of

incentives and penalties

A plan of action taken by government achieve some broad purpose affecting a substantial segment of the nations citizens is called:

public policy

Laws aimed at protecting consumers, the environment, and workers are collectively known as

social regulations

Reregulation is:

the increase or expansion of government regulation, especially where previously reduced.