BUS 100 - Austin - all reading quizzes
Deregulation is often
A politically popular idea.
Most US state laws permit the monitoring of employees through
A. Eavesdropping on phone calls. B. Tracking software. C. Recording computer keystrokes.
To influence government policymakers actions an information strategy involves
A. Business leaders speaking before government policymakers.
A company can increase diversity and inclusion in the workforce by
Accommodating family needs outside of work.
Businesses promote an information strategy by inviting government leaders to
All of the above.
By law, the financial records of publicly held companies are required to be
Audited by a certified professional accounting firm.
Since the mis 1950s the proportion of American workers represented by unions has
B. Decreased
Microfinance refers to
Banks lending money to low-income businesses.
All the following values are present in most ethical decisions except
Be honest, Be said and just, Act responsibly
Customers can exercise economic stakeholder power by
Boycotting products if they believe he goods are too expensive
Reasons for the destruction of rain forests include
Commercial logging. Conversion of forests to plantations. Cattle ranching.
Past decisions of the court, the original basis for the US legal system, are called
Common laws
The board committee that administers and approves salaries and benefits of high level managers in a company is called the
Compensation committee.
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.
According to a survey of community relations managers, what is the most important social issue facing communities today
Education.
The primary reason that governments try to keep pace with technology is to
Ensure that the public is protected.
Over time the nature of business's relationship with its stakeholders often
Evolve through a series of stages
Which of the following is not a constituency building strategy tool
Expert witness testimony.
The term glass walls refers to
Fewer opportunities to move sideways into jobs that lead to the top.
Cybersecurity experts recommend including which essential elements for an incident response plan for cyberattacks
Focus on how to respond to a breach. B. Involvement by all functional departments. C. Support from executive leadership.
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called?
Global corporate citizenship
Under the Sarbanes Oxley act, corporations are required to
Have executive vouch for the accuracy of a firm's financial reports
According to a recent survey of supply chain managers, which of these social and environments issues was the most important
Health and Safety
Which of the following arguments supports the concept of high executive compensation
High salaries provide an incentive for innovation and risk-taking.
Which of the following statements is not true about arable land
It is a nonrenewable resource.
which of the following is an argument against affirmative action?
It is inconsistent with the principles of fairness and equality.
Which of the following statements is true about the relationship between business and the community
It is one of mutual interdependence.
The information strategy tool most used by business is
Lobbying.
When the market fails to adjust for the full costs of a firm's behavior this is called
Market failure.
M commerce is facilitated primarily by
Mobile or cell phones.
In the US the right to free speech
Must be weighed against the consequences for the community.
Employees in the united states have a legal right to
Organize and bargain collectively. B. A safe and healthy workplace.
A thin layer of gas that protects the earth from excessive ultraviolet radiation from the sun is
Ozone
The theory of comparative advantage states that
Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
Which of these factors has accelerated the current ecological crisis
Rapid Industrialization
The right to be heard assures that consumers interests will
Receive full and sympathetic consideration.
Most ethics or compliance officers are generally entrusted to
Reduce the risks to the company of employee misconduct.
The use of robotics in the workplace has increase recently because
Robots are more reliable than people. B. The cost of robots has decreased. C. New collaborative machines have been invented.
Studying the underlying cause of repeated supplier violations is called
Root cause analysis
Which of these steps has the us recently taken to counter cybercrime
Setup a system of voluntary cybersecurity standards. B. Opened a new center dedicated to managing cyber activities.
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
The term civic engagement describes
The active involvement of businesses and individuals in improving communities.
Which of the following is are core rights of consumers?
The right to safety.
Factor conditions are strategic contributions focusing on
The supply of trained workers, physical infrastructure, and natural resources.
Which of the following statements is not true about shareholders
They own equal shares of company assets.
A reason for an increase in employee monitoring does not include
To reduce the employer's health insurance premiums.
Which of the following is not a legal right of shareholders
To vote on who will become CEO
An individual who is a supporter of globalization would argue that it helps the developing world by
all of the above
The most important agreement which codifies human rights is the
he Universal Declaration of Human Rights.
Intellectual property refers to
marketable products and services that result from someone's creative and intellectual efforts
The core components upon which a company's ethical performance depends include
personal character of the managers and employees, the values and virtues of the managers, and the traditions, attitudes, and business practices built into a company's culture.
Good corporate citizens
strive to conduct all business dealings in an ethical manner
Social impacts of global supply chains include
wages, working conditions, health & safety
Corporations that run their operations according to the stakeholder theory of the firm create a value by?
All of the above. Innovating new products, increasing stock prices, and developing their employees' professional skills
Contemporary issue management
D. is an interactive, forward thinking process
Cross cultural contradictions arise due to
Difference between home and host countries' ethical standards.
Investors may receive an economic benefit from the ownership of stock by receiving
Dividends and capital gains Both B and C, but not A
The main drawback to utilitarian reasoning is that
It is difficult to accurately measure both costs and benefits.
Natural capital refers to the worlds
Supply of geology, soil, air, water and all living things.
Cooperation between business and government occurs when
They encounter a common problem or enemy
Dark money refers to
Undisclosed contributions to tax-exempt organizations.
Which statement is not correct about the business society interdependence?
. Actions by government rarely affect businesses
Proactive companies are
. Much less likely to be blindsided by crises and negative surprises
Which of the following statements is not true about the interactive social system
. The boundary between business and society is clear and distinct
A society where economic power is concentrated in the hands of government officials and political authorities is called
A central state control system.
Why does a diverse and inclusive workforce benefit a firm supporting a global market
A variety of language skills serves the global customer base well.
Which of the following examples best illustrates an ethics issue base on cross-cultural contradictions?
A. Legally marketing a pesticide abroad that has been banned in the U.S. B. Circumventing government regulations to ensure company profits. C. Hiring child workers in violation of civil law.
Stakeholder engagement is
An ongoing process of relationship building between a business and its stakeholders.
Sustainable development
Balances economic and environmental considerations.
Integrity based ethics programs
Combined concerns for the law with an emphasis on employee responsibility
Which of these actions can businesses take to reduce income inequality
Commit to paying a living wage to all employees.
What kind of power might a local community use to influence a company's decisions?
D. All of the above, Publicizing an issue, Lobbying gov't policy makers for regulations, challenging whether an whether a business activity should continue to operate
Companies demonstrate global corporate citizenship by
D. Both B/C not A. Finding business opportunities that serve society and integrating concern for both financial and social problems
Warning consumers about the possible side effects of pharmaceutical drugs is an example of consumer protection against
Hazardous products.
When businesses adopt voluntary policies for protecting the privacy of individuals information disclosed during electronic transactions, this is an example of
Industry self-regulation.
The agency problem arises when
Managers act in they own interest, rather than in the interest of the shareholders.
As communications improve and people around the world are able to witness the horrors of natural disasters, terrorism, and way, international relief efforts by corporations are becoming
More important.
The practice of using fake business emails in order to trick users into divulging personal data, such as usernames and passwords, is called
Phishing.
Which stage of corporate environmental responsibility focuses on the full life cycle of a product
Product stewardship stage.
The mission of the securities and exchange is to
Protect shareholders rights by making sure that stock markets are run fairly.
How are directors (members of corporate boards) selected
Shareholders elect the directors from a list of candidate.
Which of the following statements accurately describe the role of chief sustainability officer
Supervises staff across functional areas. Requires strong interpersonal skills. Typically reports to the CEO.
The occupational safety and health act gives workers the right to a job
That is free from recognized hazards that are likely to cause death or serious injury.
Corporate power refers to
The capability of corporations to influence government, the economy, and society, based on their organizational resources.
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.
Which of these statements accurately describe hacktivists known as grey hatters
They seek media attention and profits.
In some cases, businesses have banded together to agree on how they will treat their consumers. This is called
Voluntary industry codes of conduct.
Life cycle analysis involves
collecting information regarding the lifelong environment impact of a product from extraction to disposal
Which of the following examples does not show a company guided by enlightened self-interest?
o Company breaking past records by maximizing quarterly profits
The issue management process is a
systematic process companies use when responding to public issues that are of the greatest importance to the business
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches
Legal and Practical
Social investors seek to eliminate from their investment portfolios companies that
Make dangerous products like tobacco or weapons, Pollute the environment, Discriminate against employees
