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Ch. 1-18 Review
Ch. 1-18 Review
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Questions from Chapter 1-18 of the Steiner&Steiner Textbook
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Answers
1
Each of the five tiers of internationalization is seen as all of the following EXCEPT
a model
a policy
an ideal
a theory
2
The Securities Exchange Act of 1934 Act
obligated companies to file quarterly reports called 8-Ks
required companies to file annual reports called 10-Qs.
established the Securities and Exchange Commission (SEC).
3
The rightful use of business power is called
legitimacy
interactivity
efficiency
flexibility
4
The ability of businesses to influence the values and habits of people in a society is called:
economic power
cultural power
legal power
technological power
5
Values based on assumptions of security and affluence are known as postmaterialist values.
false
true
6
Companies can manage their responses to social pressures by moving through a process of:
customer service
hiring and firing
CSR implementation
expanding their product line
7
The countervailing forces model accepts absolute primacy of business like the dominance one.
NO IDEA
true
false
8
The study of good and evil, right and wrong, and just and unjust actions in business is called:
moral free space
moral muteness
corporate culture
business ethics
9
What method does the EPA use to calculate the value of a statistical life
Willingness-to-pay approach
Social welfare approach
Willingness-to-accept approach
Social welfare approach
10
Which level of corporate cult. includes both physical expressions of cult. & visible behaviors?
artifacts
espoused values
tacit underlying values
assumptive values
11
This is the legal duty of a representative to manage property in the interest of the owner.
contributory liability
ownership interest
fiduciary responsibility
principal accountability
12
In the American society, the _____ were the first businesses to require modern mgmt structures.
car manufacturers
glass makers
railroads
airways
13
Kinds of decisions made form a part of
assumptive values
espoused values
artifacts
tacit underlying values
14
The Office of Federal Contract Compliance Programs
conducts zealous compliance reviews
mandated a goal of 10 % females in the construction industry
establishes rigid hiring goals for all companies
15
Jeremy Bentham developed the idea of _____ as a guide to ethics
ethical egoism
virtue ethics
deontology
utilitarianism
16
Presidents have formal control over rulemaking by independent agencies
true
false
17
The average board of directors has five members and this has not changed for many years.
true
false
18
The most widely used index measure of a corporation's "multinationality" is called the:
FDI
TNI
LDC
TNC
19
__ is an emphasis on material objects that displaces spiritual, aesthetic, or philosophical val
Individualism
Rationalism
Materialism
Consumerism
20
Which of the following are used as refrigerants, aerosol propellants, foams, and solvents?
Placebos
Herbicides
Chlorofluorocarbons
Carbon monoxides
21
Which of the following is true regarding the progressive movement?
It was less effective than populism.
It was strongly opposed by the urban middle class & profess.
It was less radical than populism
It had narrower appeal than populism
22
Laws that prohibited stores from opening on Sundays were called
soft laws
hard laws
blue laws
tort laws
23
"Do unto others as you would have them do unto you" is the basic tenet of the
rights ethic
Doctrine of the Mean
golden rule
organization ethic
24
Job descriptions that include sustainability duties encourage accountability
true
false
25
What did the third wave of federal workplace regulation deal with
Union rights
Polygraph and drug test rules
Civil rights
Pension rights
26
President Abraham Lincoln issued the Emancipation Proclamation that
totally abolished slavery
prohibited race discrimination in voting
intended to prevent S. states from passing discrimin. laws
freed an estimated 4 million slaves
27
A gov in which powers are divided between a central gov and subdivision gov is called a(n):
devolved system
confederation system
federal system
unitary system
28
Which of the following is true regarding the implications of the current population trend?
wealth gap b/t the high-and-low-income ctry will narrow down
The global population growth is rising.
global pop growth will be lowest in the least dev. countries
global pop growth will cont. to strain the earth's ecosystem
29
A set of reinforcing beliefs and values that constructs a worldview is known as an ideology.
false
true
30
The just price
econ price for which a good is offered in the marketplace
determined by supply and demand without any moral dimension
is inspired by fairness
incorporates an excessive profit
31
The network of human relations consisting of ideas, institutions, and material things is a(n):
SOCIETY
IDEOLOGY
THEORY
GOVERNMENT
32
Which of the following believed that both good and evil were a natural part of human nature?
the realist school
the legalist school
the school of ethical relativism
the school of ethical universalism
33
As a first step in implementing corporate social responsibility, a corporation should
assess its current situation and activities
translate strategy into specific goals & performance object.
develop an overall strategy for corporate responsibility
engage in dialog with a range of stakeholders
34
Which of the following is most likely to drive future population changes?
high fertility
stable fertility
low mortality
zero migration
35
The Global Compact
adv principles as an "aspirational" set of "shared values."
requires mandatory participation
is a code of conduct
enforces its principles
36
Milton Friedman believes that the sole objective of managers should be maximization of profit
true
false
37
Which of the following is a category used by the HDI to measure the development of nations?
Dynamism
Flexibility
Resilience
Longevity
38
_____ is the idea, arising in the Enlightenment, that human beings are ends in themselves.
Individualism
Collectivism
Consumerism
Utilitarianism
39
_____ advocacy presents a political view or comment on an electoral race
bureaucratic
ideological
issue
express
40
At which level of legal power do industrial activities influence the laws of the society?
Apparent level
Deeper level
Deeper level
Exterior level
41
The lending of money for interest is known as
predatory lending
predatory borrowing
alternative giving
usury
42
Rights to life are an example of
slave morality
reciprocity
master morality
hypermorms
43
Corporate social responsibility has a definite, universal meaning
true
false
44
Which of the following is a major reason for diffusion & decentralization of power in the gov
The rise of political parties
Congress dominated by a few major leaders
Increased complexity of government
Lack of reforms in Congress
45
Which of the following products is regulated by the CPSC?
Firearms
Cosmetics
Pesticides
Bicycles
46
The transfer of work from a domestic to a foreign country, or to a foreign supplier is called:
homesourcing
telecommuting
offshoring
nearshoring
47
In Japanese industries, a community firm is a company that
avoids hinted promises of job tenure
operates on a model analogous to a family
consolidated into national entities with antagonistic goals
48
Identify the tier that is a part of internationalization
Indirect investments
Portfolio investment
Licensing franchises
Importing essential goods
49
Despite its shortcomings, a compelling argument in favor of the stakeholder model is that:
It has founders like Adam Smith and Karl Marx
it is the ethical way to manage
It distinguishes stakeholders
Defines duties of business as profit making
50
A company's charitable contributions are not tax-deductible
true
false
51
Ethical perfection is factual and real
true
false
52
Which of the following sectors includes fishing and forestry occupations?
Agricultural
Service
Goods-producing
Manufacturing
53
Rights are an absolute doctrine with definite limits
false
true
54
Which of the following are responses to competitive forces in markets?
Private regulations
Mandated actions
Market actions
Voluntary actions
55
Global income inequality is measured by the Lorenz index.
false
true
56
Exposure assessment establishes a link between a substance and human disease
false
true
57
Environmental Protection Agency sets drinking water standards and also regulates bottled water
false
true
58
Workplace fatalities have declined after the creation of the
National Labor Relations Board
U.S. Chemical Safety and Hazard Investigation Board
Occupational Safety and Health Administration
Employment and Training Administration
59
The international effort to develop uniform standards for company reports is called the:
triple bottom line
GRI
stakeholder engagement
social audit
60
There is no single formula for social responsibility that fits all companies
true
false
61
The process of deciding which regulatory action to take regarding specific risks is called:
risk assessment
cost-benefit analysis
risk management
contingent valuation
62
Advocates of social responsibility feel that
social responsibility is impractical
it is an insufficient doctrine
it is an ethical duty of corps to promote social justice
63
An agent capable of initiating cancer is known as a(n):
condensible
carcinogen
effluent
precipitate
64
Milton Friedman
wanted the detailed regulations of industries to continue
advocated policies to minimize the market's role
desired to turn Americas national parks over to corporations
wanted the practice of Social Security to continue
65
Which requires that affirmative action payment be made to make up for past wrongs
Norms of distributive justice
Utilitarian considerations
Norms of compensatory justice
Ethical theories of rights
66
Which of the following is true regarding salarymen
Their performance is not stressed upon
They must work long hours
They constantly look for better opportunities
They take constant vacations
67
The slender margin atop the earth's surface that supports life is called the
hydrosphere
ionosphere
lithosphere
biosphere
68
Predictable and strong forces in a pluralistic, free market society limit business power.
true
false
69
The tendency of an individual to use immoral, manipulative behavior in a group is known as
narcissism
psychoticism
Machiavellianism
neuroticism
70
Manufacturing, mining, and construction are a part of the _____ sector.
agrarian
service
goods-producing
agricultural
71
Ethical intuition is a form of social intuition
false
true
72
Top managers are the strongest influence on the integrity of the company's managers.
false
true
73
Economic activity is a geophysical force with power to change the natural environment.
false
true
74
According to new Progressives
corporations have insufficient power
free markets force the corps to serve the public interest
corporations are inherently moral
corporations have inordinate legal rights
75
Skeptics call cause-related marketing "conservation philanthropy"
false
true
76
Even as nations' nontariff barriers have generally fallen, tariffs have multiplied
false
true
77
When companies dominate an industry, they may engage in unfair or destructive competition.
true
false
78
The study of which actions are "right" and which actions are "wrong" is called
law
master morality
religion
ethics
79
What is the primary focus of the Sarbanes-Oxley Act of 2002
accounting rules
pricing practices
business bankruptcy
individual bankruptcy
80
According to Thomas Donaldson & Thomas W. Dunfee, the right to political participation is a(n)
example of moral muteness
hypermorm
example of reciprocity
master morality
81
The strength to act or to compel another entity to act is called power.
true
false
82
primary motive of companies investing in LDCs is getting an adequate return on capital invested
false
true
83
The top management of a company sets the tone for the company's social goals
false
true
84
__ is the process of removing or reducing the body of control covering an industry
Privatization
Deregulation
Globalization
Liberalization
85
Which state charters the largest number of corporations in the United States
new york
california
delaware
new jersey
86
The duty of a corporation to avoid harm to the assets of a community is called
corporate social entrepreneurship
corporate sustainability
corporate social responsibility
corporate governance
87
Civil regulation has fully compensated for lack of binding global regulation
false
true
88
Which of the following is true regarding natural rights
They have to be codified by the legislative body
They are bestowed by governments on their citizens
They exist on a higher plane than civil rights
They are also called alienable rights
89
yellow dog contract was a type of employer-employee agreement according to which workers would
remain with the firm
not associate themselves with any unions
not disclose confidential information
leave if they behaved unlawfully
90
The application of one nation's laws within the borders of another nation is known as:
neutrality
personal jurisdiction
imperialism
extraterritoriality
91
Acid rain is caused primarily by two air pollutants, carbon dioxide and sulfur dioxide.
true
false
92
Adam Smith's vision of _____ capitalism defined the essence of economic liberalism.
neoliberal
modified market
state
laissez-faire
93
burden of regulation can be measured or characterized by all of the following methods EXCEPT
total dollar cost
impact of regulation on innovation
cost of administering the regulatory process
impact of regulation on unemployment
94
The _____ sector is considered to add value to manufactured goods
agricultural
environmental
agrarian
service
95
The Civil Rights Act of 1875 was based on the _____ Amendment
Fourteenth
Fifteenth
Thirteenth
Sixteenth
96
Which of the following statements regarding the Gini index is true?
Zero percent stands for absolute equality
Inequality reduces as the percentage figure rises toward 100
Fifty percent represents absolute inequality
It is statistical measure of complexity
97
Which enacted new regulations on auditing, financial reporting, and legal compliance?
The Bankruptcy Act
The International Emergency Economic Powers Act
The Sherman Antitrust Act
The Sarbanes-Oxley Act
98
Regulation of railroads, banks, and natural resources are examples of the government:
passing resolutions of national and global problems.
regulating socially desirable production methods
passing regulations to benefit special interests
regulating socially desirable goods and services
99
Aristotle defined material possessions and money as:
determinants of socialism
determinants of adhocracy
goods of the soul.
external goods.
100
Corporations have internal environments that shape their actions.
true
NO IDEA
false
101
The call to pressure a company by not buying its products and services is known as a(n):
boycott
economic sanction
injunction
picketing
102
A policy is a decree issued by an agency to implement a law passed by Congress
true
false
103
All of the following ratios are used to compute the TNI EXCEPT
foreign assets to total assets
foreign employment to total employment
foreign assets to total unemployment
foreign sales to total sales
104
The ecosystem is home to multiple biospheres
true
false
105
The _____ measures human consumption of renewable natural resources.
Living Planet Index
Environmental Performance Index
Ecological Footprint
Water Footprint
106
Which of the following is a characteristic of a democracy?
Universal suffrage
Single party rule
Country is ruled by famous citizens
Enforced political authority
107
Which of the following is true about typical MNCs
They remain national rather than international
Most MNCs are said to be stateless
MNCs have become too transnational
Corps are formed under international incorporation laws
108
Which of the following models describes business as responding primarily to economic forces
DOMINANCE MODEL
COUNTERVAILING FORCES MODEL
MARKET-CAPITALISM MODEL
STAKEHOLDER MODEL
109
Checkbook philanthropy is an active approach to philanthropy
false
true
110
When a company indulges in charity, it is said to be undertaking a
voluntary action
market action
market action
private action
111
This entity is benefitted/burdened by actions of a corp
Institution
Marxism
Stakeholder
Populism
112
The 13th Amendment was intended to prevent Southern states from passing discriminatory laws
true
false
113
In 2009, U.S. charitable giving was about $304 bill The largest proportion of this was given by
individuals
corporations
foundations
charitable bequests
114
The systematic calculation of the bottom line and profit of a proposed regulatory action is
cost-utility analysis
QALY
cost-effectiveness analysis
cost-benefit analysis
115
The set of values, norms, and rules that define a company are called
management theory
corporate culture
strategies and policies
organizational performance
116
Leadership from the top is critical for the success of diversity management programs.
false
true
117
An environ. force of unknown origin that provides the energy for events is known as a
proposition
scenario
premise
historical force
118
Which of the following agencies acts against housing and loan discrimination
The Bureau of Consumer Financial Protection
The Federal Trade Commission
The Equal Employment Opportunity Commission
The Federal Deposit Insurance Corporation
119
"Your right to swing your fist ends where my nose begins" is a colloquial version of the
principle of proportionality
organization ethic
conventionalist ethic
principle of equal freedom
120
A profit-making activity providing products and services intended to satisfy human needs is
NGO
SOCIETY
GOVERNMENT
BUSINESS
121
The force to act or to compel another person or entity to act is called:
management
power
regulation
justice
122
According to the Gini index, the cause of most of the rise in world income inequality is a(n):
growing gap between the peoples of rich and poor nations
increasing trend toward liberalization
transition from high to low fertility in nations
growing separation of rich and poor within nations
123
Which of the following acts outlawed the yellow dog contracts
The National Labor Relations Act
The Norris-LaGuardia Anti-Injunction Act
The Worker Adjustment and Retraining Act
The McNamara-O'Hara Service Contract Act
124
Epidemiological studies
do not measure human deaths
measure real human illness
have high statistical power
are totally reliable and valid
125
Verification by audit that info in a corporate sustainability report is correct is known as:
triple bottom line
assurance
sustainability reporting
social audit
126
Demo. factors explain a lot about what individual qualities are associated w/ ethical behavior
false
true
127
Which of the following is an example of a speculative technique?
Stock dilution
Short-selling
Declaring dividends
Stock splitting
128
The large cohort of workers born between 1946 and 1964 are known as the baby-bust generation.
true
false
129
These are vital to markets.
MARKETS
INSTITUTIONS
FORCES
DOMAINS
130
In global production, a value chain can span two or more countries
true
false
131
_____ of the Civil Rights Act of 1964 prohibits discrimination in any aspect of employment
Title XI
Title IX
Title V
Title VII
132
When managers are convicted of a crime, their prison sentences are based on a(n)
numerical point system
grading system
rating system
evidence-based review system
133
Which of the following is true regarding the executive agency
It is an independent agency
The administrator can be removed only for cause
It is run by a single administrator
admin is nominated by the Senate and confirmed by the pres
134
The learning of specific virtues such as prudence or honesty is known as
character development
affective development
intellectual development
social development
135
Regular employees who are expected to remain with the firm forever are known as datsusara.
false
true
136
A manufacturer can be held liable for a breach of express warranty but not implied warranty.
true
false
137
_____ refers to a society that is ruled by the wealthy
Plutocracy
Theocracy
Democracy
Kleptocracy
138
Which is a legal defense that a company can use to fight a disparate impact charge?
The 80 percent rule
Affirmative action
Business necessity
Systematic discrimination
139
All of the following are ex of environ performance indicators in the triple bottom line EXCEPT
materials used by weight or volume
changes in natural habitats caused by company's operations
taxes paid
energy use
140
The Equal Protection Clause has been interpreted to give the fed gov wide power to regulate bus
true
false
141
Which of the following is true regarding the common elements of diversity programs?
Leadership from the top is critical
Changing the organiz. structure disrupts diversity efforts
Training programs are not very popular
Measuring progress does not require data collection
142
Which of the following is true regarding the modern nation-state?
arose in an unplanned way out of the wreckage of the Rom Emp
It is the single dominant ethnic group in a state
It is a sov state which is comprised of two or more nations.
Is an indep entity which is not admin as part of a local gov
143
In the _____ model, the _____ acts as a buffer between business and non-market forces.
countervailing forces; government
market capitalism; market
stakeholder; market
dominance; management
144
In the United States, the Progressive movement was the first movement to protect the consumers.
false
true
145
In which of the following models do business and government govern the great mass of people?
The countervailing forces model
The dominance model
The stakeholder model
The market capitalism model
146
technique of generating pub support for the position of a company, industry, or any interest is
contact lobbying
background lobbying
channel lobbying
grassroots lobbying
147
Rights that are given to citizens by their government are called:
civil rights
natural rights
unalienable rights
moral rights
148
Which of the following is NOT an example of an ecosystem service
Pollination of crops
A land that has stopped producing water.
A coral reef that stabilizes seabeds
Pest control by birds
149
statistical survey of human mortality &morbidity in a sample population is called a(n) __ study
cosmology
epidemiological
demographic
community
150
The popular theoretician of the rising American capitalist spirit was Adam Smith
true
false
151
The ability of a business to influence government is called
personal power
political power.
general power
social power
152
The transfer of work from within a company to an outside supplier is known as out-tasking.
true
false
153
Envir. force of unknown origin that provides the energy for events is known as historical force
false
true
154
When an implied covenant of good faith is breached, the employer's ability to fire is limitless
true
false
155
All of the following are ex of economic performance indicators in the triple bottom line EXCEPT
taxes paid
net revenues
ratio of basic salary of men to women by employee category
charitable monetary contributions to local organizations
156
Which of the following is a worker protection goal
Encourage investment
Collective bargaining
Reduce regulatory burden
Allow turnover
157
Product liability:
cases are always based on strict liability
doctrine in the body of common law known as the law of torts
cases are always based on negligence
was not a progressive part of the law until the 1960s
158
In case of ____, the action might have been or might be taken even in the absence of the gift
rigging
lobbying
illegal gratuity
bribery
159
Which of the following is true regarding the Federal Trade Commission (FTC)
The president nominates its seven commissioners
This important regulator was set up in the Populist era
The Senate has to approve the commissioners
Each commissioner serves a five-year term
160
The substitution of revenues from taxes on pollution for revenues from taxes on productivity is
pro-market tax reform
capital gains tax reform
alternative minimum tax reform
environmental tax reform
161
When a factory dumps toxic waste into a stream, it results in a(n) _____ cost for society.
private
external
extraterritorial
internal
162
At most companies the chairman of the board is the CEO, giving him/her a dual role.
false
true
163
At the _____ level of economic power, the operation of a corporation affects its stakeholders.
multilayered
deep
surface
profound
164
A group that represents the political interests of many companies and industries is called a:
trade association
business association
peak association
trade association
165
There is no specific part of the brain that makes ethical decisions
false
true
166
The _____ is authorized to inspect meat, poultry, and eggs
Food Safety and Inspection Service
Animal and Plant Health Inspection Service
Food and Drug Administration
Center for Disease Control and Prevention
167
In the Gini index, 0 % stands for absolute inequality and 100 % stands for perfect equality.
true
false
168
NGOs are a major force in the ways that government and business operate
false
true
169
Formulas for CEO compensation are almost universally focused on attaining:
core values of citizenship
core values of responsibility
specific financial goals
performance goals
170
This has been the official policy of the United States since the end of World War II
global trade compliance
sovereignty
free trade
globalization
171
Gases that evaporate from liquid or solid carbon-based compounds are known as condensibles.
false
true
172
The uniform currency used by the European Union (EU) is called the:
euro
pound
dollar
yen
173
In terms of GRI indicators, which of the following is an environmental performance indicator?
Materials used by weight or volume
Voluntary donations to communities
Net revenues
174
During industrialization
rural, slow-paced societies remain unaltered
less emphasis is placed on material things
consumption supplants thrift and saving
self-restraint overwhelms wealth creation
175
The 80 percent rule is the statistical test to measure disparate impact
false
true
176
MNCs are all similar in their organizational structures and operations
false
true
177
The grounds of legitimacy of business power are the same in all societies.
true
false
178
The three elements of social responsibility are
market actions, profit actions, and voluntary actions
market actions, externally mandated actions, &profit actions
profit actions, externally mandated actions, and vol actions
market actions, externally mandated actions, and vol actions
179
Most U.S. companies have a written code of ethical conduct
true
false
180
Milton Friedman, his colleagues, & their free market ideas came to be called the Chicago School
false
true
181
All corporate cultures have ethical dimensions
false
true
182
__ are those social issues/impacts related to factors that influence success in the marketplace
generic social issue
competitive social issues
comprehensive social impacts
value chain social impacts
183
The idea that "the ends justify the means" was a basic tenet of:
the theory of moral unity
Donaldson and Dunfee
reciprocity
Machiavelli
184
Salarymen are
reg employees who are expected to remain w/ firm permanently
titles given to senior members of non-profit organizations
also called blue-collar businessmen
185
Which of the following wields an important influence on corporate decisions?
Stockholders
Families
Social values
Communities
186
The National Pollution Discharge Elimination System is the permit system used to regulate:
industrial effluents from nonpoint sources
emission of hazardous air pollutants
emission of criteria pollutants
industrial effluents from point sources
187
Sexual harassment is illegal under Title VII of the Civil Rights Act of 1957
false
true
188
According to ____, rich people and dominant companies are morally superior
neural Darwinism
universal Darwinism
neo-Darwinism
social Darwinism
189
According to the radical Progressives, corp. social responsibility is an insufficient doctrine
false
true
190
Acid rain is caused primarily by two air borne pollutants
volatile organic compounds and carbon monoxide
sulfur dioxide and oxides of nitrogen
particulates and lead
radon and ozone
191
A contract in which the seller guarantees the nature of the product is known as a(n):
condition
privilege
warranty
entitlement
192
The transfer of work from a domestic to a foreign location is known as offshoring
true
false
193
Risk management decisions are based on the social sciences—law, economics, politics, and ethics
true
false
194
The dominance model states corporations act primarily for the good of most people in society
false
NO IDEA
true
195
Rights have corresponding duties associated with them
false
true
196
An express advocacy communication that is not coordinated with a candidate is known as a(n):
soft expenditure
hard expenditure
independent expenditure
bundle expenditure
197
Business entities in foreign countries controlled by parent transnational corporations are
foreign affiliates
parent firms
domestically owned firms
indigenous producers
198
Emissions trading programs are also known as:
cap and trade
carbon fees with rebates
carbon tax regimes
command-and-control systems
199
Directors who are employees of the company are called independent directors
true
false
200
Corporations are formed under national incorporation laws
true
false
201
Which of the following statements is true about ideologies?
structures /processes that make/apply policies/rules
Secular and sacred are distinct and rarely overlap.
They have the power to organize collective activity
202
The virtue ethic states that ethical behavior arises from the virtues within one's character
true
false
203
Governments advance corporate responsibility mainly with binding national regulation.
false
true
204
unwritten beliefs about the nature of the company and what behaviors bring success are called
espoused values
assumptive values
artifacts
tacit underlying values
205
The president nominates two out of the five commissioners of the Federal Trade Commission.
false
true
206
Sustained econ. growth arose in W. Europe and the U.S. during the first half of the 20th cent.
true
false
207
Radon is an inert, colorless, and odorless gas found in soil and rock formations
false
true
208
Which of the following acts guaranteed union organizing and bargaining rights
The Norris-LaGuardia Anti-Injunction Act
The National Labor Relations Act
The Employee Free Choice Act
The Worker Adjustment and Retraining Act
209
Democratic values are one of the features of a pluralistic society
true
false
210
_____ is an econ phil of active state intervention to stabilize the econ & stimulate employment
Keynesianism
Protectionism
Monetarism
Marxism
211
idea that a manager simply "knows" the difference b/t right &wrong actions is fundamental to
organization ethic
intuition ethic
disclosure rule
rights ethic
212
A government document that creates a corporation and defines its authority is called a:
state charter
director's charter
commerce charter
corporate charter
213
Which of the following is NOT an ideology that facilitated the Industrial Revolution?
Social Darwinism
Communism
Constitutional democracy
Darwinism
214
Basic agreement between business & society defining broad duties to retain support of society
INSTITUTIONS
SCHEME
IDEOLOGY
SOCIAL CONTRACT
215
Which of the following is a Japanese word denoting death from the stress of overwork?
Maquiladora
Karoshi
Datsusara
Nenko
216
Money that raised &spent under the strict contribution limits &rules in fed election law is
earnest money
soft money
hard money
easy money
217
Immigration generally brings an influx of younger workers who are less costly & more adaptable
true
false
218
This institution mobilizes capital for saving, borrowing, and lending.
Media
Judicial
Financial
regulatory
219
Which of the following is a part of the tiers of internationalization
Importing essential goods
Indirect investments
Portfolio investment
Export sales
220
Research suggests that in heavily regulated labor markets
companies invest more in new technology
firm size is bigger
the labor force is more skilled
unemployment lasts longer
221
What are the two kinds of warranties
Express and implied
Express and categorical
Connoted and implied
Categorical and allusive
222
Which of the following situations contributed to the Industrial Revolution?
society that encourage individual initiative
Inadequate transportation
closed society
Society that was low on capital and labor
223
The Group of Eight has now expanded and is currently known as
G8 + 5
G20
G77
G24
224
Usually, CEO pay is determined by
managerial power
their ability to set their own pay
market forces in the competition for managerial talent
assets under management
225
When an action of a comp goes above &beyond what is required by gov regulations, it is called a
mandated action
civil action
market action
voluntary action
226
populists wanted private individuals to own railroad, telegraph, telephone companies, and banks
true
false
227
This institution combines capital & labor/encourages risk/continuity beyond individuals
Cultural
Corporations
Political
Media
228
The Living Planet Index measures the human consumption of the renewable natural resources.
false
true
229
Which is NOT a part of the principles of good regulation set forth by the World Bank?
Increase court involvement in business matters
Make reform a continuous process
Expand the use of technology
Focus on enhancing property rights
230
During the Middle Ages, the Roman Catholic Church:
focused on the acquisition of wealth.
was tolerant of profit seeking
sought special status for the poor
love of material things was not an act against God
231
Cost-benefit approaches compromise ecosystems deserving absolute, not conditional, protection
false
true
232
statement of how a business will create value by selling something in the marketplace is called
cause-related marketing
a business model
a scenario
the triple bottom line
233
Participation in affinity groups decreases an individual's sense of isolation in a work culture
true
false
234
All of the following are a part of global production EXCEPT
research
portfolio investment
logistics
distribution
235
Corp cult values found in documents such as mission statements and codes of ethics are known as
espoused values
tacit underlying values
artifacts
enacted values
236
One of the measures of political globalization is
inflows of foreign direct investment as a percent of GDP
participation in international organizations
trade as a percent of GDP
newspaper and book sales.
237
Activity in the environmental sphere is the primary force for change.
true
false
238
Which is a less preferred name, compared to the others, for a multinational corporation
Transnational
Multidomestic
Global
International
239
Change in bus. envir. is the work of 10 deep historical forces or streams of related events
False
true
240
The organized labor was the strongest supporter of the industries
true
false
241
To be effective performance goals must be general and progress toward them should be measurable
false
true
242
The institution imparts values/habits/norms in family/religious/educational institutions
Corporations
Media
Cultural
Political
243
A Web site open to collaborative editing by multiple individuals is known as a:
blog
forum
tag
wiki
244
Which of the following is NOT an element of risk assessment
dose-response assessment
exposure assessment
risk characterization
control options
245
A Web site open to collaborative editing by multiple individuals is known as a blog.
true
false
246
Rules of corporate governance adopted by corporations are called
bylaws
articles of incorporation
policies
standing rules
247
Soft law creates binding obligations for corporations
false
true
248
Usually, CEO pay is determined by managerial power
true
false
249
The _____ Amendment of the U.S. constitution prohibited race discrimination in voting.
Fourteenth
Thirteenth
Fifteenth
Sixteenth
250
The First Amendment is an amendment to the Constitution added in 1791 as part of the:
USA PATRIOT Act
Bill of Rights
Declaration of Independence
Natural and Legal Rights
251
Which part of the U.S. Constitution gives the federal government the right to regulate business
Article I
Article V
Article VI
Article III
252
_____ regulations do not require legal compulsions or sanctions
Required disclosure
Market incentive
Command-and-control
Voluntary
253
The practice of harnessing market forces to motivate compliance with regulatory goals is
cap-and-trade regulation
market incentive regulation
voluntary regulation
command-and-control regulation
254
This is an agreement negotiated in 1991 among Argentina, Brazil, Paraguay, and Uruguay.
ASEAN
Mercosur
NAFTA
EU
255
The Civil Rights Act of 1875 was based on the First Amendment of the U.S. Constitution.
true
false
256
The impact of a company on nature is called its:
social power
environmental power
technological power
economic power
257
Which of the following sectors includes jobs in retailing, transportation, and health care?
Agricultural
Service
Goods-producing
Manufacturing
258
Liberalization refers to the creation of networks of human interaction that span ww distances
true
false
259
This is an economic ideology based on private ownership, free competition, & limited government
SOCIALISM
DEMOCRACY
CAPITALISM
COMMUNISM
260
During World War II, support for business rebounded in the United States
true
false
261
The structures/processes in a society that authoritatively make and apply policies/rules are
GOVERNMENTS
IDEAS
IDEOLOGIES
INSTITUTIONS
262
When ready, rules in their final wording are printed in the:
official congressional directory
code of federal regulations
federal register
united states reports
263
All of the following countries are part of NAFTA except
canada
argentina
mexico
the united states
264
The first national movement that sprung up with the aim to protect consumers was the:
Progressive movement
Elitist movement
Populist movement.
Socialist movement
265
All variations of ethical principle should conform to which of the following?
Hypernorms
Master morality
Moral muteness
Externalities
266
Voluntary regulation is used when the political will for stringent command rules is present.
false
true
267
Strategic initiatives where the firm seeks to profit from solving a social problem are an EX of
voluntary actions
private actions
market actions
mandated actions
268
Transportation is an example of which force in globalization
ideas
capital
NGOs
technology
269
What is the main focus of the Dodd-Frank Act
tort reform
protected speech
financial reform
racial harassment
270
The Nineteenth Amendment to the U.S. Constitution gave women the right to vote
true
false
271
This doctrine propounds that gov should protect business interests from foreign competitors
The marginalist theory
Protectionism
The Truman Doctrine
The law of comparative advantage
272
Which of the following agencies sets the drinking water standards?
The Environmental Protection Agency
The Food and Drug Administration
The Food Safety and Inspection Service
The Consumer Product Safety Commission
273
A _____ is a decree issued by an agency to implement a law passed by Congress
stratagem
revocation
rule
veto
274
The theory of land ethic
means distributing land from the rich to the poor
implies an ethical duty to nature as well as humanity
holds that human domination of nature should cease
275
Unlike Euro. peasants, Amer. farmers owned their land and this turned them into capitalists
false
true
276
Atmospheric gases that absorb energy radiated from earth, decreasing its release into space are
condensibles
organic gases
effluents
greenhouse gases
277
process of deciding what action to take regarding specific risks is called hazard assessment
false
true
278
Which of the following is an emerging form of philan that uses market forces to achieve results
Philanthrocapitalism
High impact philanthropy
Microphilanthropy
Checkbook philanthropy
279
The basic statute for fighting water pollution in the United States is the
Water Pollution Program Improvement Act
Federal Water Pollution Control Act Amendments of 1972
Safe Drinking Water Act
Water (Prevention and Control of Pollution) Act of 1974
280
When businesses give money to candidates and lobby legislation, they are attempting to use:
political power at the surface level
legal power at the exterior level
social power at the deeper level
cultural power at the abysmal level
281
A strategy is a basic approach, method, or plan for achieving an objective
false
true
282
The United States is not a party to the Kyoto protocol
false
true
283
When a corporation aligns its charitable strategy with its business strategy, it is known as:
altruism
venture philanthropy
philanthrocapitalism
strategic philanthropy
284
Which is NOT a part of the six environmental forces that create turbulence in the workplace
Climate change
Structural change
Demographic change
Competitive pressures
285
Costs of production borne not by the enterprise that causes them but by society are called:
benefits
internal diseconomies
externalities
internal economies
286
A tort is a private wrong committed by one person against another person or his/her property.
true
false
287
A set of economic policies prescribed to correct flaws in a national economy is known as:
a structural adjustment program
liberalization
autarky
the Washington Consensus
288
Externalities are costs of production borne by the enterprise that causes them
false
true
289
When an MNC invests funds to acquire a foreign comp, this is called a foreign direct investment
false
true
290
What is the evolutionary basis of ethics?
Artificial selection
Heredity
Natural selection
Eugenics
291
Values based on assumptions of security and affluence are known as _____ values.
survival
postmaterialist
self-expressive
materialist
292
Most shareholders follow management's voting recommendations
true
false
293
One disability-adjusted life year (DALY) equals one lost year of healthy life
false
true
294
Technology that is developed on the scale of one-billionth of a meter is known as:
picotechnology
femtotechnology
nanotechnology
microtechnology
295
_____ refers to capital investment by private firms outside their home countries
Foreign portfolio debt investment
Foreign portfolio equity investment
Foreign direct investment
Capital transfers
296
Directors who are employees of the company are called
lead directors
inside directors
outside directors
independent directors
297
Which of the following is the largest and most powerful peak association in the United States?
The Business Roundtable
The U.S. Chamber of Commerce
The National Federation of Independent Businesses
The National Association of Manufacturers
298
_____ actions are initiatives required either by government regulation or civil regulation
profit
mandated
market
voluntary
299
The pluralist theory of business power was supported by Karl Marx.
false
true
300
The laws of the United States have been shaped by the consequences of the industrial activities
true
false
301
According to the theory of dualism, humans and nature are one
true
false
302
What are the two broad areas of business involvement in politics?
Gratuity and electoral activity
Lobbying and electoral activity
Lobbying and bribery
Bribery and gratuity
303
Mandated actions go beyond those compelled by law or regulation
true
false
304
All of the following are governmental forces of globalization EXCEPT
pressure to lower trade barriers
erosion of sovereignty by capital markets
creation of externalities such as resource depletion
pressure to reduce social welfare for citizens
305
The Roman Catholic Church exhorted the merchants to charge a _____ price for their wares.
promotional
just
natural
market
306
Which Act was passed by Congress in 2008 to restore financial stability?
The Emergency Economic Stabilization Act
The Tax Extenders and Alternative Minimum Tax Relief Act
The Expedited Funds Availability Act
The Congressional Accountability Act
307
The Global Compact is a code of conduct that enforces its principles
true
false
308
What is the mainspring of globalization
culture
educational changes
trade
changes in communications
309
Which of the following is true about guidance
it is legally binding
It is issued exclusively by Congress
It is intended to clarify official regulations
It does not affect existing rules
310
The estimated burden of disease caused by pollution is calculated as the percentage of deaths &
expected years of life lost
average years of life lost
disability-adjusted life years
quality-adjusted life years
311
Laws that prohibit retail stores from being open for business on Sundays are called blue laws.
false
true
312
The Golden Rule of ethics is: "Justice is nothing else than the interest of the stronger."
false
true
313
Under which of the following forces of globalization does environmentalism come
capital
MNCs
ideas
governments
314
Most mission statements center on profits and products
true
false
315
Which of the following is used as a statistical test to measure disparate impact
The one-half rule
The 20 percent rule
The one-eighth rule
The 80 percent rule
316
Most companies focus on an ethics approach to prevent wrongdoing than on a compliance approach
false
true
317
Plutocracy refers to a society that is ruled by the wealthy
true
false
318
Thorstein Veblen argued that in the new industrial society, people earned their status by:
respecting interior values
conspicuous consumption
conquest in warfare
prowess in hunting
319
The Human Development Index scale ranges from:
-5 to 0
-1 to +1
0 to 1
0 to -1
320
economic policy of lowering tariffs and other barriers to encourage trade and investment is
liberalization
multinationality
capitalism
globalization
321
Superfund refers to a federal program that was set up in 1980 to clean up toxic waste sites.
true
false
322
A company that uses business necessity as a justification must
show how the practice in question is job-related & essential
practice systematic discrimination
implement affirmative action
323
Evidence suggests that the sensitivity of neural pathways is based on learning and
reinforcement
classical conditioning
motivation
social experience
324
This is an environmental force acting as a catalyst forcing distinct chains of events.
Force
Capitalist
Institution
Stakeholder
325
During the 1960s and 1970s, national politics became dominated by a conservative agenda.
true
false
326
The basic steps of the rulemaking process were set forth in the:
sherman antitrust act
congressional review act
administrative procedures act
emergency economic stabilization act
327
After publication in the _____ final regulations are codified in the
Federal Register; United States Reports
Federal Register; Code of Federal Regulations
Code of Federal Regulations;Official Congressional Directory
Code of Federal Regulations; Federal Register
328
The single measure that best captures the activity and power of MNCs is portfolio investment
true
false
329
This is a part of the tiers of internationalization
Indirect investments
Importing essential goods
Portfolio investment
Establishment of foreign sales offices
330
The sector of occupations that add value to manufactured goods is known as the service sector
true
false
331
A discrete source of discharge such as a factory, mine, ship, or pipeline is known as a(n):
point source
line source
area source
volume source
332
Which Act makes it illegal for U.S. citizens anywhere in the world to bribe foreign officials?
The Foreign Corrupt Practices Act
The Sarbanes-Oxley Act
The International Anti-Bribery Act
The Foreign Investment and National Security Act
333
A concern with stakeholder theory is it is not always clear on what a legitimate stakeholder is
false
NO IDEA
true
334
____ values are the central beliefs that guide decisions and reside deep in a company's culture
core
implicit
created
protected
335
Which of the following is NOT an element of the regulatory options spectrum
Contingent valuation
Flexible enforcement
Voluntary compliance
Market incentives
336
According to a long-range 2050 projection of the American labor force
the Hispanic growth rate will be slower than Asians
the % of women in the labor force will increase 5.5 % point
whites will decline as a percentage of the labor force
the largest increase will be in the percentage of Asians.
337
The Montreal Protocol set timetables to phase out worldwide
build-up of radon
elimination of leaded gasoline
use of 96 ozone-depleting chemicals
emission of greenhouse gases
338
Most companies begin with an early founding impulse for truth, justice, and the stakeholder way
true
false
339
Affirmative action complemented the ideal of
individual rights before the law
achievement based on merit
equality of opportunity
equality of result
340
In terms of a company's social reports, the opposite of _____ is
transparency; opacity
altruism; opacity
opacity; hidden
altruism; opacity
341
Which of the following is a competitiveness goal
Limited hours
Job security
Create jobs
Collective bargaining
342
In 2009, Congress gave the FDA power to
reduce nicotine levels to zero
protect consumers from any practice that limits competition
ban tobacco products
regulate cigarettes and smokeless tobacco
343
The pay of top corporate officers is set by the board of directors
true
false
344
Intense competition between corporations works to bring consumers
lower prices
lower quality
less choices
average quality
345
In terms of a company's social report, the opposite of transparency is opacity
false
true
346
Which of the following statements about compensation of outside board members is true?
provided perquisites and pensions
compensated as full-time employees of the firm
usually paid an annual retainer supplemented w/ comp stock
paid a monthly salary
347
A tort solely involves an intentional action that causes injury
false
true
348
A community firm is a Japanese company that operates on a model analogous to a family.
false
true
349
Which of the following is an internal business environment?
Culture
Government
Economy
Shareholders
350
All of the following are frequently used types of stock awards EXCEPT
restricted stocks
performance shares
time shares
stock options
351
Natural rights are
limited within a community
codified into statutes
unalienable rights
relative to specific cultures
352
The Clean Water Act is effective in eliminating polluted factory outflows
true
false
353
At most companies CSR is still incidental, and rarely supplemental, to core business strategies
true
false
354
The public generally believes a business has social responsibilities beyond making a profit.
true
false
NO IDEA
355
Governments cannot grant or take away _____ rights
natural
legal
statutory
civil
356
After 1974, subcommittees
were dominated by a few leaders
had to seek permission from Cong before taking any action
started having small staffs
could hold hearings on any subject they wished
357
A form of gov. requiring popular sov., political liberty, and majority rule is the androcracy.
true
false
358
Corporate philanthropy is a large part of overall private philanthropy in the U.S. every year
false
true
359
Carcinogen is an agent capable of initiating cancer
false
true
360
In the United States, company charters are granted by the federal government
false
true
361
Executives are more often prosecuted than corporations, though harder to convict
false
true
362
In the dominance model, the "market" acts as a buffer between business and nonmarket forces.
NO IDEA
false
true
363
_____ is the ethical philosophy of the greatest good for the greatest number.
Utilitarianism
Deep ecology
Moral responsibility
Capitalism
364
This economic policy encourages foreign trade via relaxed trade restrictions and regulations
Progressive
Liberalization
Capitalism
Populism
365
FDI is an example of which force in globalization?
capital
labor
technology
ideas
366
__ exists on a wide spect. ranging from coercion at one extreme to weak influence at the other
An ideology
Pluralism
Justice
Power
367
The four cardinal virtues identified by Plato are justice, temperance, courage, and:
honor
benevolence
respect
wisdom
368
The political reform movement that arose among U.S. farmers in the late 1800s was the:
libertarian movement
populist movement
progressive movement
socialistic movement
369
Risk decisions are based solely on science
true
false
370
Corporate actions have an impact on society at two levels
true
false
371
The tangible artifacts of a society that shape and are shaped by ideas and institutions are
SERVICES
MATERIAL THINGS
MARKETS
CUSTOMS
372
Standards of ethical behavior were arguably clearer in ancient Greek civiliz. than they are now
true
false
373
Which doctrines defined the legal relationship between a consumer and other parties to a sale
The doctrine of privity
The doctrine of res judicata
The doctrine of res ipsa loquitur
The doctrine of laches
374
Which of the following is a measure of social globalization
Tariff rates
Import barriers
The number of embassies in a country
Telephone traffic
375
When a company signs a DPA or NPA it is indicted
false
true
376
The broad business duties to obtain the support of society are called its social contract
true
false
NO IDEA
377
Which of the following refers to a basic approach, method, or plan for achieving an objective?
vision
mission
initiative
strategy
378
Which amendment to the U.S. Constitution gave women the right to vote in elections?
10th amendment
1st amendment
19th amendment
17th amendment
379
Civil regulation is also known as
state regulation
voluntary regulation
self-regulation
private regulation
380
Risk is the probability that harm will occur &is typically measured on a scale that ranges b/t
zero and absolute certainty
minus one and absolute certainty
zero to ten
minus one to plus one
381
Formal statements of aspirations, principles, guidelines &rules, for corp behavior are known as
codes of conduct
service principles
norms
doctrines
382
A/an _____ is a model of the methods an organization can use to achieve certain goals.
process certification
service principle
management standard
assurance standard
383
Direct interaction with gov officials or staff through meetings, phone calls, or e-mails is
grassroots lobbying
contact lobbying
media lobbying
background lobbying
384
Sexual harassment is illegal under
Executive Order 11478
the Employment Non-Discrimination Act
Title VII of the Civil Rights Act of 1964
the Federal Employers Liability Act
385
Compensatory justice requires inequitable compensation to victims
false
true
386
A(n) ____ cost is a production cost not paid by a firm or its custs., but by members of society
internal
private
extraterritorial
external
387
An enduring belief about which fundamental choices in personal and social life are "correct" is
PROCESS
INSTITUTION
VALUE
FUNCTION
388
One way to characterize the cost of regulation is to calculate its total dollar cost
false
true
389
Constitutional support has no role in encouraging pluralism
true
false
390
The _____ protects the right of business to organize and press its agenda on the government.
1st amendment
16th amendment
6th amendment
11th amendment
391
Backdating is granting options shortly before good news causes a share price rise.
false
true
392
A __ society is one that has multiple groups and institutions through which power is diffused
oligarchic
totalitarian
pluralistic
power elite
393
Which of the following were formidable business adversaries that emerged during the 19
th
cent.
The Progressive movement and the Modern Whig Party
Organized labor and the Anti-Saloon League
The Populist movement and the Progressive movement
The Anti-Saloon League and the Populist movement
394
The typical MNC is international rather than national
false
true
395
__ refer to 6 natural substances that in large quantities cause the degradation of air quality
Greenhouse gases
Point source effluents
Hazardous air pollutants
Criteria pollutants
396
World Bank and IMF loans usually go to developing countries.
false
true
397
The FDA has the authority to
regulate the safety and labeling of alcoholic beverages
regulate the quality, safety, and labeling of poultry
protect the public from fraudulent sale practices
approve human and veterinary drug and medical services
398
Tasks like revising or creating policies, budgeting resources, &assigning work are part of the
code of conduct
vision statement
action plan
mission statement
399
A corporate agency is a regulatory agency in the executive branch run by a single administrator
false
true
400
Risk management decisions are based on the
social sciences
applied sciences
formal sciences
natural sciences
401
Illegal gratuity refers to an agreement to exchange something of value for an official act.
true
false
402
With regard to MNCs in the United States:
employees at comp headquarters are foreign country nationals
boards of directors dominated by foreign country majorities
its still rare for top executives to be naturalized citizens
each company must be chartered by a state
403
In terms of GRI indicators, which of the following is an economic performance indicator?
Number of jobs supported in the supply chain
Total number of substantiated complaints
Total value of financial and in-kind contribs to pol parties
Materials used by weight or volume
404
A warranty is a contract in which the seller guarantees the nature of the product
true
false
405
Identify the Act that prohibits consideration of econ factors in the decision to list a species
The Land and Water Conservation Fund Act
The United States Fish and Wildlife Service Act
The Endangered Species Act
The Driftnet Impact Monitoring, Assessment and Control Act
406
The largest source of carbon monoxide is electric utilities burning coal and oil
true
false
407
This institution makes economic policy/checks and balances business power.
Cultural
Media
Corporations
Political
408
A _____ is the sequence of coordinated actions that add benefit to a product or service.
value grid
value chain
value stream
value network
409
Compensation of these directors is determined by compensation committees on boards.
inside directors
internal directors
international directors
outside directors
410
Exporting a product at a price below the price it normally sells for in its home market is
offshoring
structural adjustment
free trade
dumping
411
limited, speculative purchase of stocks &bonds of a foreign comp by individuals or mutual funds
FDI
Portfolio investment
TNI
Direct investment
412
Social globalization is based on
measures of political cooperation between countries
the flow of ideas, images, and information
specialization and international exchange
trade and investment flows and restrictions
413
entity headquartered in 1 country that does bus in 1 or more foreign countries is called a(n):
LDC
MNC
TNI
FDI
414
A _____ is a group representing the interests of an industry or industry segment
business roundtable
trade association
peak association
business alliance
415
The Clean Development Mechanism was a carbon offset program set up under the Montreal Protocol
false
true
416
The World Bank is an example of which force in globalization?
technology
labor
multilateral organizations
ideas
417
A treated or untreated wastewater discharge from an industrial facility is known as a(n):
surface runoff
condensible
effluent
spill
418
Command-and-control regulation
gives polluters financial motives to control pollution
can increase costs w/out commensurate increases in benefits
does not grant abatements
helps determine the value of statistical life
419
Corporations should try to internalize adverse costs of production borne by society.
false
true
420
During the 19
th
century, the Anti-Saloon League
advocated the use of alcohol
accepted money for granting favors to corporations
became a strong national adversary of business
421
Most multinational corporations (MNCs) are
cooperatives
state-owned
public enterprises
private enterprises
422
Although the global pop growth is slowing, it will be the highest in the most developed regions
false
true
423
A tax or duty charged by a government on goods moved across a border is known as a:
trade barrier
tariff
subsidy
quota
424
Directors who are not employees of the company are
inside directors
lead directors
independent directors
outside directors
425
A(n) _____ is a government entity that invests the savings of a nation
private investor
central bank
sovereign wealth fund
angel investor
426
The two basic methods of proving a substance dangerous are
computer models and natural experiments
computer models and epidemiological studies
animal testing and epidemiological studies
animal testing and natural experiments
427
All of the following are ex of social performance indicators in the triple bottom line EXCEPT
total hours of employee training
total amount of employee wages and benefits
total number of incidents of discrimination and action taken
428
scientific process of discovering & weighing the dangers posed by pollutants is risk assessment
true
false
429
Which of the following is true regarding the Interstate Commerce Commission
The commissioners served staggered six-year terms
It was an executive agency
5 of the commissioners were to be of any one political party
It was run by 10 commissioners
430
The ability of businesses to influence the laws of the society in which they operate is called:
technological power.
legal power.
environmental power.
social power.
431
Only developed countries have been receptive to free market ideas
false
true
432
Lobbyists often meet w/ a legislator's staff and sometimes work with them to draft legislation.
false
true
433
What is a "significant regulatory action"?
a rule to bring "relief, recovery, and reform"
a rule to control risk in financial markets
a rule that gives the fed. gov. wide power to regulate busi
a rule with an annual effect on the economy of $100 mill +
434
Measuring the benefits of fed regul. is easier than calculating the costs of these regulations
true
false
435
The environmental Kuznets curve is a(n) _____ curve
inverted U-shaped
J-shaped
S-shaped
inverted J-shaped
436
The example of _____ is perhaps the strongest influence on integrity in a corporate culture.
subordinate behavior
company leaders
organization culture
employee relations strategies
437
stockholders:
are liable for the corporation's actions
own a fraction of the corporation as property
are said to be owners of corporations
cannot propose resolutions for votes
438
Which of the following statements about historical forces is true?
It is of known origin
It is divided into six separate but related forces
It causes a distinct chain of events
It is a social force
439
an independent director who chairs regular board meetings of other independent directors
inside director
internal director
lead director
vocational director
440
Identify the corporate culture level that encompasses formal statements of belief and intention
espoused values
artifacts
tacit underlying values
enacted values
441
The Civil Rights Act of 1866 protected the blacks against
discrimination in practicing their religion
ethnic violence
discrimination in transportation and accommodations
employment discrimination
442
Aristotle's idea that "virtue requires moderation" is an essential part of the
might-equals-right ethic
disclosure rule
Doctrine of the Mean
intuition ethic
443
Which of the following is true regarding the Consumer Product Safety Commission (CPSC)?
Congress gave it little autonomy
It is subject to presidential control
Its five commissioners have staggered 7-year appointments
444
The main purpose of this code is to boost economic growth of its members by expanding trade
The Caux Round Table principles for business
The Business Charter for Sustainable Development
The OECD Guidelines for Multinational Enterprises
The FLA Workplace Code of Conduct
445
Almost all FDI comes from
hedge funds
private equity
sovereign wealth funds
multinational corporations
446
A _____ price is determined by interaction of the supply and demand w/out any moral dimension
normal
just
natural
market
447
The modern impetus for this theory comes from the sociologist C. Wright Mills.
Positive political theory
State autonomy theory
Theory of elite dominance
Pluralist theory
448
Which principle states that a manager will act ethically if the good effects outweigh the evil?
The principle of justice
The principle of equal freedom
The principle of utility
The principle of double effect
449
_____ is a form of government requiring popular sov, political liberty, and majority rule.
Liberalism
Socialism
Communism
Democracy
450
Which of the following abolished slavery
The Emancipation Proclamation
Executive Order 13526
The Sixteenth Amendment
The Thirteenth Amendment
451
Voluntary CSR is the full corrective for flaws in markets
false
true
452
When the political will for stringent command rules is absent, _____ regulation is used.
voluntary
market incentive
command-and-control
required disclosure
453
The legal authority for corporate managers and directors is derived from the
stockholders
corporate charter
board of directors
CEO
454
Identify the force of globalization that comes under "ideas."
corporate citizenship
financial crises
wealth creation
health care
455
Which of the following statements about regulations is false
Regulation varies widely around the world
Heavier regulation brings bad outcomes
Poor countries regulate business in a consistent manner
Poor countries regulate business the most
456
Story of the future based on assumptions about how current trends might play out is known as a
scenario
proposition
premise
historical force
457
According to the Sarbanes-Oxley Act of 2002, criminal violations can lead to fines of up to:
$100,000
$50 million and lengthy prison terms
$10,000 and a maximum of one year of imprisonment
$50 million and lengthy prison terms
458
The primary purpose of business: Make a profit by providing products that satisfy human needs
true
NO IDEA
false
459
The conventionalist ethic is a thin justification for questionable behavior by managers.
false
true
460
The term Chicago School is synonymous with
imperialism
neoliberalism
Keynesianism
ordoliberalism
461
No matter what the source of a code of conduct, the target is the corporation
true
false
462
After 1974, subcommittees could hold hearings on any subject they wished
true
false
463
which of the following is discrimination in favor of protected groups benevolent of intention
Utilitarian ethics
Compensatory justice
Ethical theories of rights
Distributive justice
464
The idea that character development is the wellspring of ethical behavior is known as the:
virtue ethic
equal freedom ethic
disclosure rule
golden rule
465
Corporate charters specify the rights and responsibilities of all of the following EXCEPT:
consumers
stockholders
directors
officers
466
Utilitarianism protects both individual needs and community needs equally
true
false
467
Any large multinational corporation will follow only a single code
false
true
468
Which of the following statements about the laissez-faire concept is true?
It is necessary because market forces are benevolent.
Belief that government intervention in market is desirable
Lessens efficiency of free enterprise & benefits to people
Belief of businesses responsible for fixing social issues
469
Sequences of actions that add value to products and services are called business
communications
processes
patterns
logics
470
The large cohort of workers born between 1946 and 1964 are known as:
the baby-bust generation
Gen Y
Gen X
the baby-boom generation
471
Human rights are an example of which force in globalization
capital
ideas
technology
NGOs
472
Which of the following federal agencies was established in 1966 to set highway safety standards
The Federal Highway Administration
The National Transportation Safety Board
The National Highway Traffic Safety Administration
The Federal Motor Carrier Safety Administration
473
The Fourteenth Amendment of the U.S. constitution
intended to prevent S. states from passing discrimin. laws
prohibited race discrimination in voting
abolished slavery
474
Within a pluralistic society, the auth. entity has an overriding power over all other entities.
true
false
475
Training is the key to communicating ethics and compliance knowledge
false
true
476
Which of the following statements about the Industrial Revolution is true?
It first started in the United States
It started in the late 1800s
It transformed the agrarian econs. into industrial econs.
It did not require any specific conditions to be present
477
Protectionism is principally an economic issue
false
true
478
All of the following are norms of social values EXCEPT:
economics
duty
piety
justice
479
The exercise of authority over members of a corporate community is called
corporate sustainability
corporate performance management
corporate statism
corporate governance
480
The primary air quality statute in the United States is the:
National Environmental Policy Act
Clean Air Act
Air Quality Act
Air (Prevention and control of Pollution) Act
481
Which of the following is considered to be the bedrock of economic globalization?
Trade liberalization
Foreign direct investment
Oligopoly
Monopoly
482
What's right or wrong in a busi decision involving ethical concerns is always a clear decision
false
true
483
The six environmental forces that create turbulence in the workplace are interconnected
true
false
484
Which of the following statements is true about the Department of Homeland Security?
It issues rules affecting every industry
It has 60,000 employees
It is primarily a business regulator
budget is almost 10x that of the next largest agency the EPA
485
When a manager "cuts corners" by acting in questionable ways, he/she is acting according to the
ends-means ethic
utilitarian ethic
rights ethic
intuition ethic
486
Which of the following statements about portfolio investments is true
It is a long-term investment that cannot be sold anytime
It is limited and speculative
It confers a degree of control over the company
487
_____ is Latin for "let the buyer beware"
Caveat emptor
Actus reus
Caveat venditor
Mens rea
488
A policy of national self-sufficiency and economic independence is called
a tariff
free trade
an embargo
autarky
489
According to Herbert Spencer, charity is right only when it raises the character of the giver
false
true
490
A set of reinforcing beliefs and values that constructs a worldview is called a(n):
philosophy
theory
ideology
theory
491
This institution protects property rights/encourages investment
Media
regulatory
Financial
Judicial
492
Enlightenment led to the rise of the idea that human beings are ends in themselves
false
true
493
This form of government requires popular sovereignty/political liberty/majority rule
Republic
Unitary
Democracy
Stakeholder
494
The econ & pol factors within a society affect an individual's chances for justice to be served
true
false
495
The Gini index ranges between:
-1 to +1
0 to -1
1 percent to 50 percent
0 percent to 100 percent
496
The countervailing forces model states that society is governed primarily by economic forces.
true
false
NO IDEA
497
The two elements that determine the CSR orientation of a firm are its business model and its:
philanthrocapitalism
investor relations
strategic alliances
leadership
498
Even without making direct investments in a nation, powerful MNCs can shake its economy.
false
true
499
Agreements reached under GATT were incorporated in the WTO
true
false
500
practice of a corp publishing info about its econ, social, and environ performance is known as
global indexing
sustainability accounting
sustainability reporting
global reporting initiative
501
Which of the following are also called articles of incorporation
stock options
charters
share certificates
perquisties
502
A _____ effluent is a runoff that enters surface waters from diffuse sources
nonpoint
volume
line
area
503
The BGS field is the study of this environment and its importance for managers.
true
NO IDEA
false
504
grant of stock w/ restrictions on transaction that are removed when specified condition is met
restricted stock
stock options
perquisites
performance shares
505
When a company assesses its social impact on society, it has performed a(n):
triple bottom line report
impact matrix
probability matrix
social audit
506
The institution that informs the public and stimulates commerce with advertising.
Cultural
Corporations
Political
Media
507
_____ is a situation when submission to sexual activity is required to get or keep a job.
Business necessity
Stalking
Quid pro quo
Hostile environment
508
The employees of a business are a part of its external environment.
true
false
509
What is the primary mission of the International Monetary Fund?
To promote international economic stability
To overcome shortages of private capital
To promote international fair trade
To promote long-term development in the poorest countries
510
ethical principle that requires punishment to be evenhanded &proportionate to transgressions is
distributive justice
compensatory justice
restorative justice
retributive justice
511
Great Britain was the first society to usher in the Industrial Revolution.
true
false
512
This institution protects the public and investors from dishonesty, danger, and fraud.
Regulatory
Judicial
Media
Financial
513
The first wave of federal workplace regulation established
worker health and safety rules
pension rights
union rights
drug test rules
514
Aristotle argued that the end justified the means
false
true
515
The debasement of integrity for money, position, privilege, or other self-benefit is termed as:
corruption
exploitation
lobbying
manipulation
516
attempting to establish a ling b/t a substance and human disease is called:
hazard characterization
risk characterization
hazard assessment
rick management
517
_____ is an economic policy of lowering tariffs and other barriers to encourage trade.
deregulation
liberalization
democratization
marketization
518
Natural selection is the evolutionary basis of ethics
true
false
519
For corruption to exist there must be both demand and supply
true
false
520
The agricultural sector is the most dominant sector in the United States
true
false
521
Norms of compensatory justice require that fair criteria be used to assign benefits and burdens
true
false
522
According to the U.S. Sentencing Commission's Guidelines Manual, if criminal conduct occurs
stop the program
modify the program to prevent repeat offenses
establish dynamic psychological processes
terminate participation
523
__ is a polling process in which ppl are asked to put a dollar amount on some aspect of nature
Cost-benefit analysis
Risk assessment
Contingent valuation
Exposure assessment
524
A set of values that create a specific view of the world is a(n) _______
INSTITUTION
ECONOMY
IDEOLOGY
SOCIETY
525
Different countries have the same ethical values
true
false
526
Almost all FDI comes from multinational corporations
false
true
527
At most companies CSR is still ___, and largely ___, to core business strategies
incidental; supplemental
essential; fundamental
supplemental; incidental
circumstantial; intentional
528
Globalization has been the official policy of the United States throughout most of its history
true
false
529
When a company gives monetary gifts to society in order to advance social welfare, it is called
philanthropy
a social audit
volunteering
the triple bottom line
530
Classical ideology focused solely on the _____ circle of social responsibility
outer
intermediate
neutral
inner