Business final exam
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 is not an instance of insider training
A marketing executive briefing stock analysts on the company's sales performance
A company can increase diversity and inclusion in the workforce by
Accommodating family needs outside of work
By law, the financial records of publicly held 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
Customers can exercise economic stakeholders power by
Boycotting products if they believe the goods are too expensive
To influence government policymakers actions, information strategy involves
Business leader speaking before government policymakers
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
Past decisions of the court, the original basis for the US legal system are called
Common laws
When attempting to build ethical safeguards into the company, businesses can take the following specific
Compliance & Intergrity
Since the mid-1950's the proportion of American workers represented the unions has
Decrease
Cross-cultural contradictions arise due to
Differences between home and host countries ethical standards
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
Over time, the nature of business's relationship with it's stakeholders often
Evolves through a series of stages
The term glass walls refers to
Fewer opportunities to move sideways into jobs that lead to the top
Patterns of government taxing and spending that are intended to stimulate or support the economy are
Fiscal policies
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 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
According to a recent survey chain managers, which of these social and environmental issues was the most important
Health and safety
Which of the following arguments supports of high executive compensation
High salaries provide an incentive for innovation and risk-taking
The main drawback to utilitarian reasoning is that
It is difficult 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
The information strategy tool must used by business is
Lobbying
The agency problem arises when
Managers act in their own interest, rather than in the interest of stakeholders
The term "race to the bottom" refers to
Moving production jobs to the country with the lowest labor cost
In the US, the right to free speech
Must be weighted against the consequences for the community
Another term for corporate giving is corporate
Philanthropy
The practice of using fake business emails in order to trick uses into divulging personal data, such as usernames and passwords, is called
Phishing
The mission of the securities and exchange commission is to
Protect shareholders rights by making sure that stock markets are run fairly
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
Studying the underlying cause of repeated supplier violations is called
Root cause analysis
When something stands out from a background. is seen as important, or draws attention it is
Salient
How are directors (members of corporate boards) selected
Shareholders elect the directors from a list of candidates
A visual representation of the many links between a lead firm and its suppliers, superimposed on a geological map is called a
Supply chain map
The issues management process is a
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 term civic engagement describes
The active involvement of businesses and individuals in improving communities
What is not correct about interactive social system
The boundary between business and society is clear & distinct
Which of the following is not true about occupational segregation
The large pay gap for Hispanic workers reflects their concentration in several high paying occupations
Stakeholder engagement is
The process of ongoing relationship building between a business and it's stakeholders
Factor conditions are strategic contributions focusing on
The supply of trained workers, physical infrastructure, and natural resources
The most important agreement which codifies human rights is the
The universal declaration of human rights
Cooperation between business and government often occurs when
They encounter a common problem or enemy
Which of the following statements is not true about stakeholders
They own equal shares of company assets
Which of these statements accurately describe hacktivists known as grey hatters
They seek media attention and profits
Economic leverage occurs when a business uses it economic power to
Threaten to leave a location unless a desired political action is taken
A reason for an increase in employee monitoring does not include
To reduce the employer's health insurance premiums
In some cases, businesses have branded together to agree on how they treat their customers, this is called
Voluntary industry codes of conduct
Most ethics or compliance officers are generally entrusted to
reduce the risks to the company of employee misconduct
Deregulation is often
A politically popular idea
Why does a diverse and inclusive workforce benefit a firm supporting a global market
A variety of language skills serves the global customers base well
An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called
B corporation
Which of these actions can businesses take to reduce income inequality
Commit to paying a living wage to all employees
The board committee that administers and approves salaries and benefits of high level managers in a company is called the
Compensation committee
When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transactions, this is an example of
Industry self-regulation
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
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
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 product goods and services for which they have a natural talent
We are currently in which phase in the development of technology
Semantic
Natural capital refers to the worlds
Supply of geology, soil, air, water and all living things
Dark money refers to
Undisclosed contributions to tax-exempt organizations
When an employee believes their employer has done something that is wrong or harmful to the public, and he or she reports alleged organizational misconduct to the media, government, or high level company officials, what has occured
Whistle-blowing
