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The Golden Rule of ethics is: “Justice is nothing else than the interest of the stronger.” At most companies CSR is still incidental, and rarely supplemental, to core business strategies. Answer: FALSE The pay of top corporate officers is set […]

According to historian Gary Cross, consumerism: A.is less powerful in comparison to other political ideologies, religions, or class distinctions. B.is the belief that goods give meaning to individuals and their roles in society. C.is a formal philosophy. D.is not a […]

In considering whether or not to do a certain action based on ethical reasoning, a manager asks herself: “If I act in this way, would my family approve of my actions?” Which of the following ethical principles is she applying? […]

All of the following statements were the interrelated themes of broader responsibility that emerged during the Progressive era EXCEPT: A.managers were trustees, whose corporate roles put them in positions of power. B.managers had an obligation to balance multiple interests. C.many […]

_____ is a form of government requiring popular sovereignty, political liberty, and majority rule. A.Democracy B.Socialism C.Communism D.Liberalism The _____ sets drinking water standards, but the _____ regulates bottled water. A.Food Safety and Inspection Service; Consumer Product Safety Commission B.Consumer […]

Directors who are not employees of the company are: A.inside directors. B.independent directors. C.lead directors. D.outside directors. According to leading progressive, David C. Korten: A.power on earth was being transferred from national governments to transnational corporations which by their nature […]

Radon is an inert, colorless, and odorless gas found in soil and rock formations. The Nineteenth Amendment to the U.S. Constitution gave women the right to vote. Answer: TRUE For corruption to exist there must be both demand and supply. […]

When a manager acts toward a customer in a favorable way in the hope that the customer will return for future purchases, this is an example of: A.reciprocity. B.utilitarianism. C.realism. D.manipulation. Which of the following is true regarding the doctrine […]

The Group of Eight has now expanded and is currently known as: A.G20. B.G24. C.G77. D.G8 + 5. Which of the following is true regarding the implications of the current population trend? A.The global population growth is rising. B.The global […]

The Golden Rule of ethics suggests to managers that it is acceptable to treat workers as simply factors of production that should be manipulated in the manager’s best interest. _____ is the inherent authority of the state governments to regulate […]

Extrapolation is the process of inferring the value of an unknown state from the value of another state that is known. There is no specific part of the brain that makes ethical decisions. Answer: TRUE A pattern of individual acts […]

The public generally believes that a business has social responsibilities beyond merely making a profit. According to corporate charters, the legal line of authority for a company runs from the state, to directors, to managers, and to shareholders of the […]

Which of the following is a part of the tiers of internationalization? A.Export sales B.Indirect investments C.Importing essential goods D.Portfolio investment In the late 1800s and early 1900s, manufacturers were well protected from liability suits brought by injured customers because […]

_____ refers to a society that is ruled by the wealthy. A.Kleptocracy B.Democracy C.Plutocracy D.Theocracy When American Express Co. advertised that it would donate 3 cents per transaction to nonprofit anti-hunger groups over a two-month period for all charges against […]

Which of the following are also called articles of incorporation? A.Stock options B.Share certificates C.Charters D.Perquisites What did the third wave of federal workplace regulation deal with? A.Union rights B.Polygraph and drug test rules C.Pension rights D.Civil rights Answer: B. […]

To be effective, performance goals must be general and progress toward them should be measurable. The countervailing forces model is essentially the same as the market capitalism model. Answer: FALSE Mandated actions go beyond those compelled by law or regulation. […]

A(n) _____ agency is a regulatory agency run by a small group of commissioners free of political control. A.traditional executive branch B.general regulatory C.federal executive department D.independent regulatory One of the measures of political globalization is: A.inflows of foreign direct […]

Activity in the _____sphere is the primary force of change and from this, change radiates to other spheres. A.environmental B.economic C.social D.political Transnational corporations are defined as: A.doing business in the state in which they are incorporated. B.doing business in […]

The employees of a business are a part of its external environment. Corporate philanthropy is a large part of overall private philanthropy in the U.S. every year. Answer: FALSE Much New Deal legislation was profoundly unequal and uncompassionate and reasserted […]

When a factory dumps toxic waste into a stream, it results in a(n) _____ cost for society. A.external B.internal C.private D.extraterritorial A traditional business model: A.is one in which the central strategy for creating value is based on meeting market […]

The independent regulatory commission is a regulatory agency run by a small group of commissioners independent of political control. Sustained economic growth arose in Western Europe and the United States during the first half of the twentieth century. Answer: FALSE[/cpmembership] […]

Enlightenment led to the rise of the idea that human beings are ends in themselves. A form of government requiring popular sovereignty, political liberty, and majority rule is the androcracy. Answer: FALSE The primary purpose of a business is to […]

Laws that prohibit retail stores from being open for business on Sundays are called blue laws. Facilitation payments violate anti-bribery laws in almost every nation but are still widely tolerated. Answer: TRUE A strategy is a basic approach, method, or […]

The just price: A.is the economic price for which a good or service is offered in the marketplace. B.incorporates an excessive profit. C.is determined by supply and demand without any moral dimension. D.is inspired by fairness. What is the major […]

Most U.S. companies have a written code of ethical conduct. Norms of compensatory justice require that fair criteria be used to assign benefits and burdens. Answer: FALSE An implied warranty is a written warranty arising out of reasonable expectations that […]

Intense competition between corporations works to bring consumers: A.lower prices. B.lower quality. C.less choices. D.average quality. Chemical emissions that pose a health risk of serious illness such as cancer with even small inhalation exposures are known as: A.criteria pollutants. B.hazardous […]