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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.
The _____ was a program that gave federal regulators power to exchange funds for an
ownership interest in banks and corporations.
A.Troubled Asset Relief Program
B.Temporary Liquidity Guarantee Program
C.NCUA Corporate Stabilization Program
D.Commercial Paper Funding Facility Program
Which of the following is NOT one of the three most common reasons for corporations
to make foreign direct investments?
A.They seek access to new markets.
B.They seek to introduce new management skills and technologies to foreign markets.
C.Companies in nations with small domestic markets enter foreign markets to grow.
D.Some companies create efficiencies and lower their costs by moving production
across borders.
Using this statistical measure of global income inequality, inequality becomes greater as
the percentage figure rises toward 100.
A.Human Development Index
B.Robin Hood index
C.Gini index
D.Lorenz index
Which of the following is a Japanese word denoting death from the stress of overwork?
A.Maquiladora
B.Karoshi
C.Nenko
D.Datsusara
The _____ environment consists of forces that influence market operations, like
commodity prices and interest rates.
A.economic
B.technological
C.cultural
D.legal
Which of the following is true about power?
A.Power is generally evenly distributed.
B.Most societies do not have mechanisms to control and channel it for benefit.
C.Multiple, competing formations of power never balance each other.
D.Although power is sometimes used to prevent change, such resistance is itself a force
that alters history.
The first independent regulatory commission that was set up by the Congress to
regulate the railroads was the:
A.Public Utilities Commission.
B.Interstate Commerce Commission.
C.Public Service Commission.
D.Railroad Revitalization Commission.
The example of _____ is perhaps the strongest influence on integrity in a corporate
culture.
A.organization culture
B.company leaders
C.employee relations strategies
D.subordinate behaviors
When annual CEO salary and bonus are based on ____, the CEO can take actions to
maximize short-term profits.
A.market forces
B.stock awards
C.net income
D.stock options
Which of the following fulfills the human need for concepts and categories of meaning
that explain daily life?
A.Paradigms
B.Reality
C.Ideology
D.Subjective beliefs
Acid rain is caused primarily by two air borne pollutants:
A.particulates and lead.
B.volatile organic compounds and carbon monoxide.
C.sulfur dioxide and oxides of nitrogen.
D.radon and ozone.
Which of the following is true regarding the competitive pressures faced by American
companies?
A.Large industries such as airlines and telecommunications are deregulated.
B.Foreign trade has been declining at a constant rate since 1960.
C.In less affluent, less industrialized countries, wages are lower due to scarcity of labor
compared with demand.
D.By global standards, American workers are quite economical.
_____ represent every segment of global society and have many ways to restrict
business, including boycotts, lawsuits, picket lines, media campaigns, and lobbying for
more regulation.
A.Social interest groups
B.Governments
C.Markets
D.Economic stakeholders
Negligence is:
A.a misinterpretation which affects a person's reputation in society.
B.illegal participation in an otherwise legal activity.
C.deliberately exposing a person to the risk of injury.
D.an unintentional failure to act as a responsible, prudent person exercising ordinary
care.
All of the following are frequently used types of stock awards EXCEPT:
A.time shares.
B.performance shares.
C.stock options.
D.restricted stock.
Despite its shortcomings, a compelling argument in favor of the stakeholder model is
that:
A.it isolates business from the broader society and defines the duties of a business as
one of profit making.
B.it has distinguished proponents like Adam Smith and Karl Marx.
C.it clearly distinguishes between primary and secondary stakeholders making it easier
for a corporation to satisfy each of them.
D.it is the ethical way to manage because stakeholders have moral rights that grow from
the way powerful corporations affect them.
Which of the following statements about the Industrial Workers of the World (IWW) is
NOT true?
A.The Industrial Workers of the World (IWW) was formed in 1905.
B.IWW proposed to represent all workers of both sexes and all races and in every
industry in the fight to overthrow the capitalist system.
C.Laws were passed to prevent IWW members from speaking or assembling and it
defied them, sometimes violently.
D.The IWW was the largest union and its unmitigated rejection of the system scared
mainstream America and it was severely repressed.
The statement of how a business will create value by selling something in the
marketplace is called:
A.a business model.
B.the triple bottom line.
C.a scenario.
D.cause-related marketing.
The rights to which a person is entitled simply because he/she is a human and that
cannot be taken away by the government are known as _____ rights.
A.natural
B.civil
C.legal
D.statutory
Which of the following is an example of a secondary stakeholder in a corporation?
A.Customers
B.Unions
C.Employees
D.Stockholders
A non-prosecution agreement is one:
A.whereby the government agrees to dismiss a filed criminal charge.
B.in which U.S. attorneys decline prosecution of a corporation that has taken
appropriate steps to report a crime, cooperate, and compensate victims.
C.between a prosecutor and a corporation to delay prosecution while the company takes
remedial actions.
D.that typically involves the filing of an accusatory instrument whose arraignment is
suspended for a specified time period, usually one to three years.
Which of the following is a major duty that state incorporation laws impose on boards
of directors?
A.To exercise due diligence in supervising shareholders.
B.To represent the interests of stockholders by conducting a profitable business that
enhances share value.
C.To make day-to-day management decisions.
D.To put their own self-interests ahead of the shareholders.
The five tiers of internationalization in MNCs:
A.state a common method to enter foreign market in five stages.
B.represent alternate ways to extend business activity into foreign markets.
C.explain a common method to enter the domestic market in stages.
D.represent ways to expand business in the domestic market.
In the realm of international law, _____ are found mainly in treaties, creates binding
rights, prohibitions, and duties.
A.hard laws
B.quasi-laws
C.traditional law
D.statutory law
All of the following are examples of environmental performance indicators in the triple
bottom line EXCEPT:
A.energy use.
B.taxes paid.
C.changes in natural habitats caused by the company's operations.
D.materials used by weight or volume.
Which of the following acts outlawed the yellow dog contracts?
A.The National Labor Relations Act
B.The Worker Adjustment and Retraining Act
C.The McNamara-O'Hara Service Contract Act
D.The Norris-LaGuardia Anti-Injunction Act
Which of the following observations about the Food and Drug Administration (FDA) is
true?
A.It was created by Congress in the Food Quality Protection Act of 1996.
B.It descends from the old Agency for Healthcare Research and Quality.
C.It is a big, complex agency in the Department of Health and Human Services.
D.Its administrator reports to the Under Secretary for Food Safety.
Which of the following is accurate regarding the rise of antagonistic groups?
A.New groups that focused on consumer, environmental, taxpayer, civil rights, and
other issues were on the rise.
B.Corporations continued dominating Washington politics with quiet, behind-the-scenes
influence over key leaders.
C.The public interest movement's focus is now on legislation, not on forms of civil
regulation.
D.The power in Washington, D.C. started becoming more centralized.
When multinational corporations invest their funds to start a business in a foreign
country, this is called a(n):
A.FDI.
B.TPI.
C.LDC.
D.TNI.
After publication in the _____ final regulations are codified in the:
A.Code of Federal Regulations; Official Congressional Directory.
B.Federal Register; Code of Federal Regulations.
C.Code of Federal Regulations; Federal Register.
D.Federal Register; United States Reports.
The environmental Kuznets curve is a(n) _____ curve.
A.S-shaped
B.J-shaped
C.inverted J-shaped
D.inverted U-shaped
