BUS 100 QUIZZES
Integrity-based ethics programs:
Combines concern for the law with an emphasis on employee responsibility
Good corporate citizens:
Conduct business deals in ethical manner Make effort balance needs of all stakeholders while protecting the environment
Which of the following statements is true about the relationship between business and the community?
It is one of mutual interdependence.
The term "glass walls" refers to:
fewer opportunities to move sideways into jobs that lead to the top
The information strategy tool most used by business is:
Lobbying
The use of robotics in the workplace has increased recently because:
Robots are more reliable than people. The cost of robots has decreased. New collaborative machines have been invented
Which of these steps has the U.S. recently taken to counter cybercrime?
Setup a system of voluntary cybersecurity standards. Opened a new center dedicated to managing cyber activities.
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.
Studying the underlying cause of repeated supplier violations is called:
Supply Chain Auditing
Natural capital refers to the world's:
Supply of geology, soil, air, water and all living things.
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 employers health insurance premiums.
Which of the following is NOT a legal right of shareholders?
To vote on who will become chief executive officer (CEO)
Dark money refers to:
Undisclosed contributions to tax-exempt organizations
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 is NOT an instance of "insider trading"?
A marketing executive briefing stock analysts on the company's sale performance
Deregulation is often:
A politically popular idea
A company can increase diversity and inclusion in the workforce by:
Accommodating family needs outside of work.
Which statement is not correct about the business-society interdependence?
Actions by governments rarely affect business
By law, the financial records of publicly held the companies are required to be:
Audited by a certified professional accounting firm
Sustainable development:
Balances economic and environmental considerations.
Microfinance refers to:
Banks lending money to low-income businesses
All of the following values are present in most ethical decisions EXCEPT
Be Cruel
Customers can exercise economic stakeholder power by:
Boycotting products if they believe the goods are too expensive
Life-cycle analysis involves:
Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal.
Which of these actions can businesses take to reduce income inequality?
Commit to paying a living wage to all employees
Past decisions of the courts, the original basis for the U.S. legal system, are called
Common laws
Since the mid-1950s the proportion of American workers represented by unions has:
Decreased
Most U.S. state laws permit the monitoring of employees through:
Eavesdropping on phone calls. Tracking software. Recording computer keystrokes.
According to a survey of community relations managers, what is the most important social issue facing communities today?
Education
When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transactions, this is an example of:
Industry self-regulation
Corporations that run their operations according to stakeholder theory of the firm create value by:
Innovating new products Increasing their stock price. Developing their employees' professional skills.
Social investors seek to eliminate from their investment portfolios companies that:
Make dangerous products like tobacco or weapons Pollute the environment Discriminate against employees
The "agency problem" arises when:
Managers act in their own interest, rather than in the interest of shareholders
When the market fails to adjust for the full costs of a firm's behavior, this is called
Market failure
Proactive companies:
Much less likely to be blindsided by crises and negative surprises
Employees in the United States have a legal right to:
Organize and bargain collectively A safe and healthy workplace
A thin layer of gas that protects the earth from excessive ultraviolet radiation from the sun is:
Ozone
What kind of power might a local community use to influence a company's decisions?
Publicizing an issue Lobbying government policymakers for regulations Challenging whether a business activity should continue to operate
How are directors (members of corporate boards) selected?
Shareholders elect the directors from a list of candidates
The issues management process:
Systematic process companies use when responding to public issues that are of greatest importance to the business
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.
The most important agreement which codifies human rights is the:
The Universal Declaration of Human Rights.
The term civic engagement describes:
The active involvement of businesses and individuals in improving communities.
Stakeholder engagement is:
The process of ongoing relationship building between a business and its stakeholders
Which of the following is (are) core rights of consumers?
The right to safety
According to a recent survey of supply chain managers, which of these social and environmental issues was the most important?
health and safety
Which of the following is an argument against affirmative action?
it is inconsistent with the principles of fairness and equality
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.
To influence government policymakers' actions, an information strategy involves:
Business leaders speaking before government policymakers
Reasons for the destruction of rain forests include:
Commercial logging. Conversion of forests to plantations. Cattle ranching.
The board committee that administers and approves salaries and benefits of high-level managers in a company is called the
Compensation committee
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches:
Compliance and Integrity
Cross-cultural contradictions arise due to:
Differences between home and host countries' ethical standards
Investors may receive an economic benefit from the ownership of stock by receiving:
Dividends and Capital gains
As a stakeholder, suppliers' interests include:
Earning Income Utilizing productive capacity efficiently
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
The primary reason that governments try to keep pace with technology is to:
Ensure that the public is protected
Overtime, the nature of business's relationship with stakeholders often:
Evolves through a series of stages
Which of the following is NOT a constituency-building strategy tool?
Expert witness testimony
Companies demonstrate global corporate citizenship by:
Finding business opportunities that serve society and integrating concern for both financial and social problems
Cybersecurity experts recommend including which essential elements for an incident-response plan for cyberattacks?
Focus on how to respond to a breach. Involvement by all functional departments. Support from executive leadership.
An individual who is a supporter of globalization would argue that it helps the developing world by:
Giving entrepreneurs access to foreign investment funds to support economic development. Allowing new ideas and technological innovations to spread quickly. Providing people in developing countries with more jobs.
When a company puts it 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 executives vouch for the accuracy of a firm's financial reports
Warning consumers about the possible side effects of pharmaceutical drugs is an example of consumer protection against:
Hazardous products
Which of the following arguments supports the concept of high executive compensation?
High salaries provide an incentive for innovation and risk-taking
Contemporary Issue Management:
Is an interactive, forward thinking process
Which of the following statements is not true about arable land?
It is a nonrenewable resource.
The main drawback to utilitarian reasoning is that:
It is difficult to accurately measure both costs and benefits
Which of the following examples best illustrate an ethics issue based on cross-cultural contradiction?
Legally marketing a pesticide abroad that has been banned in the U.S.
In the U.S., the right to free speech:
Must be weighed against the consequences for the community.
Which stage of corporate environmental responsibility focuses on the full life cycle of a product?
Product Stewardship Stage
The theory of comparative advantage states that:
Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
The mission of Securities and Exchange Commision (SEC) is to:
Protect shareholders' rights by making sure that stock markets run fairly
Intellectual property refers to:
Protecting one's ideas, concepts, and symbolic creations. Prohibiting the downloading of commercial software or video games. Special laws protecting copyrights, patents, and trademarks.
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
Which of the following statements is NOT true about the interactive social system?
The boundary between business and society is clear and distinct
Corporate power refers to:
The capability of corporations to influence government, the economy, and society, based on their organizational resources
The core components upon which a company's ethical performance depends include:
The values and virtues of the managers. The personal character of the managers and employees. The traditions, attitudes, and business practices built into a company's culture.
Cooperation between business and government often occurs when:
They encounter a common problem or enemy
Which of these statements accurately describe hacktivists known as grey hatters?
They seek media attention and profits
Businesses promote an information strategy by inviting government leaders to:
Visit local plant facilities Attend company award ceremonies Give speeches to employees
In some cases, businesses have banded together to agree on how they will treat their customers. This is called:
Voluntary industry codes of conduct.
Social impacts of global supply chains include:
Wages Working Conditions Employee Health
M-Commerce is facilitated primarily by:
mobile or cell phones
As communications improve and people around the world are able to witness the horrors of natural disasters, terrorism, and war, 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
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
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
