BUS100
Microfinance refers to:
Banks lending money to low-income businesses
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.
The drivers of stakeholders of engagement are:
Goals, motivation, and operational capacity
The phase of technology that focuses on building material goods and manual labor is:
Industrial
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 common tactic in a financial-incentive political strategy is:
Political contributions.
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 are investors in the company.
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
If someone is entitled to be treated in a certain way, this refers to a(n):
right
Corporate power refers to:
the capability of corporations to influence government, the economy, and society, based on their organizational resources
Representation on the World Bank's board of directors is based on:
the size of the nation's economy
What is one reason that firms partner with communities to increase economic development?
to develope workplace skills
Globalization is accepted worldwide and creates little controversy.
true
According to a Forbes study, what percentage of executives agreed that diversity encourages innovation?
85 percent.
A society where economic power is concentrated in the hands of government officials and political authorities is called:
A central state control system.
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 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.
Deregulation is often:
A politically popular idea.
Which of the following is not an example of stakeholders' economic power?
A social group protests a government's decision to raise taxes.
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.
Which of the following is not an instance of "insider trading"?
A stock broker passing an "inside tip" to a client, but not trading for his or her own account.
Because of the risks and opportunities public issues present, organizations need:
A systematic way of identifying, monitoring, and selecting public issues.
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.
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.
Since 2000, most changes to federal regulatory oversight of environmental protection have been due to:
Agency rule making
Companies that cultivate a vision of sustainability must adopt sophisticated strategic planning techniques to:
Allow their top manager to assess the full range of the firm's effects on the environment
Once an issue has been identified, its implications must be:
Analyzed.
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.
Customers can exercise economic stakeholder power by:
Boycotting products if they believe the goods are too expensive.
To influence government policymakers' actions, an information strategy involves:
Business leaders speaking before government policymakers.
Which of the following is not true about the guidelines for sentencing environmental wrongdoers set by the U.S. Sentencing Commission in the event of a violation?
Businesses having no active compliance program would be granted an extension to develop a program
General Electric's "Ecomagination" effort to invest in clean technology is an example of:
Clean technology.
Life-cycle analysis involves:
Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal.
Integrity-based ethics programs:
Combines concern 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.
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches:
Compliance and Integrity.
Expert witness testimony is often collected:
Congressional Hearings
The costs of corporate social responsibility may ultimately be passed on to the:
Consumer through high prices.
Which of the following is not a possible cost of environmental regulation?
Corporate restructuring
The explosive use of social media is an example of:
Customer environment.
Since the mid-1950s the proportion of American workers represented by unions has:
Decreased
Sustainable development:
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
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.
Variation in the important human characteristics that distinguish people from one another is called:
Diversity
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
According to a survey of community relations managers, what is the most important social issue facing communities today?
Education
Supporters of digitized medical records claim that:
Electronic alerts prevented dangerous drug combinations from being prescribed.
The mission of the Securities and Exchange Commission (SEC) is to:
Ensure that the federal treasury receives its share of the revenues from stock trading.
The primary reason that governments try to keep pace with technology is to:
Ensure that the public is protected.
The practice of adapting the job to the worker is called:
Ergonomics.
Over time, the nature of business's relationship with its stakeholders often:
Evolves through a series of stages.
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
In a survey of 110 companies in 2014, the most frequent public affairs tactic was related to:
Federal government regulations.
In 2013, North Korea opened Internet access to which group of people?
Foreigners using mobile devices and laptops.
If a manger 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.
Which of the following arguments supports the concept of high executive compensation?
High executive pay drives away talented middle managers who feel unfairly compensated
Business managers need a set of ethical guidelines to help them:
Identify and analyze the nature of ethical problem.
A financial services firm decided to assess the return on its social investment in an educational program in local schools. As part of its assessment, it measured the improvement in learning among students who had participated in the program, compared with the learning of students who had not. Which of the following elements was assessed?
Impacts
With the explosive growth of technologies that facilitate the sharing of information, this kind of stakeholder power has become increasingly important:
Informational power.
Investors may receive an economic benefit from the ownership of stock by receiving:
Interest
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 difficulty to accurately measure both costs and benefits.
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.
In recent annual Harris polls, which entity did Americans believe had the greatest amount of political power?
Large businesses.
Which of the following examples best illustrate an ethics issue 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.
Which of these statements is true about ecologically sustainable organizations?
Making and transporting products using minimal energy.
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
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
Under U.S. laws:
Most private and public workers have the right to hold an election to choose what union they want to represent them, if any.
Proactive companies are:
Much less likely to be blindsided by crises and negative surprises.
In the U.S., the right to free speech:
Must be weighed against the consequences for the community.
The board committee that administers and approves salaries and benefits of high-level managers in a company is called the:
Nominating committee.
Habitat for Humanity is considered a:
Nongovernmental organization.
In 2015, 2 billion people worldwide used social networking sites:
Once per month.
Which sales channel is projected to top $450 billion within the next several years?
Online
An analysis of the stability or instability of a government is an example of scanning the:
Political environment.
Scholars found that spirituality:
Positively affects employee and organizational performance.
Which stage of corporate environmental responsibility focuses on the full life cycle of a product?
Product stewardship stage
Which type of employee is most likely to report ethical issues in the workplace?
Rank and file.
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 countries is not one of the top 15 Internet users?
Singapore.
Some studies have shown that the burden of complying with safety regulations falls hardest on:
Small businesses
A firm that has global operations has:
Some or all of their manufacturing or service operations abroad.
Once an organization has implemented the issue management program, it must:
Study the results and make necessary adjustments.
Natural capital refers to the world's:
Supply of geology, soil, air, water and all living things.
When environmentally proactive companies seek out imaginative, innovative new methods for reducing pollution and increasing efficiency, they are adopting which strategy?
Technological innovation
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 United Nations' Universal Declaration of Human Rights.
The term civic engagement describes:
The active involvement of businesses and individuals in improving communities.
Which of the following statements is not true about the interactive social system?
The boundary between business and society is clear and distinct.
How are directors (members of corporate boards) selected?
The company's CEO appoints the directors.
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.
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.
Which of the following is not a legal right of shareholders?
To vote on members for the board of directors.
Government and business together establish the regulatory rules under which business operates in society.
True
Dark money refers to:
Undisclosed contributions to tax-exempt organizations.
The five types of stakeholders' power recognized by most experts are:
Voting, economic, political, legal, and informational power.
Which of the following represents a structural remedy for an antitrust violation?
breaking up a monoply
Economic regulations:
rules set by the government about how firms are allowed to compete with one another
Assets that a person accumulates and owns at a certain point in time are called:
wealth
