Business, Government, and Society: A Managerial Perspective, Text and Cases 13th Edition

The Golden Rule of ethics is: "Justice is nothing else than the interest of the stronger." Answer: FALSE Answer: FALSE Answer: FALSE At most companies CSR is still incidental, and rarely supplemental, to core business strategies. Answer: FALSE Answer: FALSE Answer: FALSE The pay of top corporate officers is set by the board of directors. Answer: TRUE

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 dominant ideology in America. Answer: B. Answer: B. Answer: B. The _____ was a program

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? A.The ends-means ethic B.The intuition ethic C.The organization ethic D.The disclosure rule Answer: D. Answer:

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 managers subscribed to the service principle. D.managers concentrated more on promoting their self-interests. Answer:

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

Directors who are not employees of the company are: A.inside directors. B.independent directors. C.lead directors. D.outside directors. Answer: D. Answer: D. Answer: D. According to leading progressive, David C. Korten: A.power on earth was being transferred from national governments to transnational corporations which by their nature serve only the short-term interests of citizens. B."a few hundred" multinational

Radon is an inert, colorless, and odorless gas found in soil and rock formations. Answer: TRUE Answer: TRUE Answer: TRUE The Nineteenth Amendment to the U.S. Constitution gave women the right to vote. Answer: TRUE Answer: TRUE 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. Answer: A. Answer: A. Answer: A. Which of the following is true regarding the doctrine of liberty of contract? A.It prohibited the firing at will

The Group of Eight has now expanded and is currently known as: A.G20. B.G24. C.G77. D.G8 + 5. Answer: A. Answer: A. Answer: A. Which of the following is true regarding the implications of the current population trend? A.The global population growth is rising. B.The global population growth will be lowest in the least developed countries. C.The

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. Answer: FALSE Answer: FALSE Answer: FALSE _____ is the inherent authority of the state governments to regulate economic and social relationships for the welfare of the

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

The public generally believes that a business has social responsibilities beyond merely making a profit. Answer: TRUE Answer: TRUE Answer: TRUE 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 company in this sequence.

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 Answer: A. Answer: A. Answer: A. In the late 1800s and early 1900s, manufacturers were well protected from liability suits brought by injured customers because of two formidable obstacles in the law. What were they? A.The

_____ refers to a society that is ruled by the wealthy. A.Kleptocracy B.Democracy C.Plutocracy D.Theocracy Answer: C. Answer: C. Answer: C. 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 its credit card, it was an example of: A.cause-related

Which of the following are also called articles of incorporation? A.Stock options B.Share certificates C.Charters D.Perquisites Answer: C. Answer: C. Answer: C. 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. Answer: B. Answer: B. A _____ is the sequence of coordinated actions that

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

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 Answer: D. Answer: D. Answer: D. One of the measures of political globalization is: A.inflows of foreign direct investment as a percent of GDP. B.newspaper and book sales. C.participation in

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 Answer: B. Answer: B. Answer: B. Transnational corporations are defined as: A.doing business in the state in which they are incorporated. B.doing business in the state of incorporation as well as neighboring states in the

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

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 Answer: A. Answer: A. Answer: A. A traditional business model: A.is one in which the central strategy for creating value is based on meeting market demands while complying with the law. B.is one where social

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

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

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

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. Answer: D. Answer: D. Answer: D. What is the major advantage of a cap-and-trade system? A.It reduces costs for

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

Intense competition between corporations works to bring consumers: A.lower prices. B.lower quality. C.less choices. D.average quality. Answer: A. Answer: A. Answer: A. 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 air pollutants. C.volatile organic compounds. D.condensibles. Answer: B. Answer: B. Answer: B. The economic