Bus 100 Reading quiz answers

Which of the following example does not show a company guided by enlightened self-interes?t

A company breaking past records by maximizing quarterly profits

Deregulation is often

A politically popular idea

Once an issue has been identified, it's applications must be

Analyzed

Positive reputation can be valued as an intangible corporate

Asset

All of the following values are present in most ethical decisions except

Be kind

Customers can exercise economic stakeholder power by:

Boycotting products if they believe the goods are too expensive

Which country recently enacted new laws to counter bribery and corruption?

Brazil

Which of the following represents a structural remedy for an antitrust violation?

Breaking up a monopoly

To influence government policymakers' actions, an information strategy involves

Business leaders speaking before government policymakers.

Integrity-based ethics programs

Combines concern for the law with an emphasis on employee responsibility

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

The costs of corporate social responsibility may ultimately be passed on to the

Consumer through high prices

Explosive use of social media is an example of

Customer Environment

What stakeholder group(s) can exercise legal power

Customers, Employees, and Shareholders

Economic regulations

Cut across industry lines

Cross-cultural contradictions arise due to

Differences between home and host countries' ethical standards

Which of the following is an argument in favor of corporate social responsibility?

Discourages government regulation

Investors may receive an economic benefit from the ownership of stock by receiving

Dividends and Capital Gains

Which of the following is not a constituency-building strategy tool?

Expert witness testimony.

A national health care policy is an example of an economic policy.

False

The United Nations oversees all international agreements concerning regulations between nations.

False

When a company puts its commitment to social and environmental responsibility into practice worldwide, not only logically or regionally it is called

Global Corporate Citizenship

The drivers of stakeholders of engagement are

Goals, Motivation, and Operational/Organizational Capacity

Which of the following arguments supports the concept of high executive compensation?

High salaries provide an incentive for innovation and risk-taking.

Mature adults typically base their ethical reasoning on broad principles and relationships such as

Human rights and constitutional guarantees of human dignity and universal principles of justice

Business managers guidelines to help them

Identify and analyze the nature of ethical problem.

Contemporary issue management

Is an interactive, forward thinking process

Which of the following examples best illustrate an ethics based on cross-cultural contradictions?

Legally marketing a pesticide abroad that has been banned in the U.S.

Social investors seek to eliminate from their investment portfolios companies that

Make dangerous products like tobacco or weapons, Pollute the environment, and 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 are

Much less likely to be blindsided by crises and negative surprises

An analysis of the stability or instability of a government is an example of scanning the

Political Environment

A common tactic in a financial-incentive political strategy is

Political contributions.

Scholars found that spirituality

Positively affects employee and organizational performance

The mission of the Securities and Exchange Commission (SEC) 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 candidates

Which of the following is not an example of stakeholder's economic power

Social groups protest a government's decision to raise taxes.

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

Study the results and make necessary adjustments

Corporate power refer to

The capability of corporations to influence government, the economy, and society, based on their organizational resources

Cooperation between business and government often occurs when

They encounter a common problem or enemy

Which of the following statements is not true about shareholders?

They own equal shares of company assets.

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.

Businesses promote an information strategy by inviting government leaders to

Visit local plant facilities, Attend company award ceremonies, and Give speeches to employees.

Divide types of stakeholders power recognized by most experts are:

Voting, Economic, Political, Legal, and Informational Power

Which of the following is not an instance of "insider trading"?

A marketing executive briefing stock analysts on the company's sales performance

Stakeholder groups to include:

Environmental Activists, Shareholders, and Business Support Groups

Over time, the nature of a business's relationship with its stakeholders often

Evolves through a series of stages

In a survey of 110 companies in 2014, the most frequent public affairs tactic was related to

Federal government regulations

Business managers need a set of ethical guidelines to help them

Identify and analyze the nature of the ethical problem

Expert witness testimony is often collected

In Congressional hearings.

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 students get education and jobs

Firms in the chemical industry, which must contend with frequently changing environmental regulations and the risk of dangerous accidents, usually have

A sophisticated political strategy.

Because of the risk and opportunities public issues present, organizations need

A systematic way of identifying, monitoring, and selecting public issues

Which statement is not correct about the business society interdependence?

Actions by governments rarely affect business

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

Audited by a certified professional accounting firm

An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called

B Corporation

A just or fair ethical decision occurs when

Benefits and burdens are distributed equally

Which type of employee is most likely to report ethical issues in the workplace?

Executives

Government and business together establish the regulatory rules under which business operates in society.

False

If a manager approaches ethics with benevolence in mind, he or she would stress what?

Friendly relations with an employee

Governments hold the power to

Grant or refuse permission for many types of business activity

Under the Sarbanes-Oxley Act, corporations are required to

Have executives vouch for the accuracy of a firm's financial reports

Corporations that run their operations according to the stakeholder theory of the firm create value by:

Increasing their stock price, Developing their employees' professional skills, and Innovating new products

With explosive growth of technologies that facilitate the sharing of information, this kind of stakeholder power has become increasingly important:

Informational Power

The main drawbacks to utilitarian reasoning is that

It is difficulty to accurately measure both costs and benefits

In recent annual Harris polls, which entity did Americans believe had the greatest amount of political power?

Large Businesses

The information strategy tool most used by business is

Lobbying

Which of these cost-savings measures saved U.S. regulatory agencies nearly $2 billion since 2011?

Promotion of telemedicine in rural areas, Coordination of hazards warning other nations, and Removal of redundant reporting requirements

What kind of power might a local community used to influence a company's decision?

Publicizing an Issue, Challenging whether a business activity should continue to operate, and Lobbying govt policy makers for regulations

Most ethics or compliance officers are generally entrusted to

Reduce the risk to the company's employee misconduct

Which of the following is not a driver of the Corporate Social Responsiveness phase of Corporate Social Responsibility?

Religious/ethnic beliefs

Which company ethics safeguard is commonly implemented as an employee "helpline"?

Reporting Mechanisms

Which of the following is an argument against corporate social responsibility?

Requires skills businesses may lack

Which of the following statements is not true about the interactive social system?

The boundary between business and society is clear and distinct

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

The 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.

Stakeholder engagement is

The process of ongoing relationship building between a business and its stakeholders

People's ethical beliefs come from

their religious background, family, and education