The United States’ global economic leadership is demonstrated by the fact that more
than half of the world’s largest MNCs are based in America.
Answer:
Which of the following is not a law that addresses information disclosure issues?
A.Equal Credit Opportunity Act
B.Credit Collection Limitation Act
C.Truth-in-Lending Act
D.Fair Credit Reporting Act
Answer:
The principal distinction between the conventional and strategic management
approaches to issues management is
A.how broadly the idea of issues in conceived to be.
B.how broadly responsibility for issues management is spread.
C.how broadly the firm defines who its stakeholders are.
D.how many issues are being managed at one time.
Answer:
Which of the following is not a valid criticism of stakeholder management?
A.It is very time consuming.
B.Ranking of stakeholder claims is very difficult.
C.Managers are not trained in this type of management.
D.It increases the complexity of decision-making.
Answer:
The concept of enterprise-level strategy is the idea that best links
A.ethics to performance.
B.strategy to performance.
C.public policy to performance.
D.ethics to strategy.
Answer:
Which of the following is not a formulation of Kant’s categorical imperative?
A.Act only according to that maxim by which you can at the same time will that it
should become a universal law.
B.So act to treat humanity, whether in your own person or in that of any other, in every
case as an end and never as merely a means.
C.Every rational being is able to regard oneself as a maker of universal law.
D.Act only according to that maxim by which you increase the overall happiness of
everyone affected by your action.
Answer:
Which of the following is not a factor in the social environment that has lead to the
current climate of criticism of business?
A.affluence and education
B.the revolution of rising expectations
C.an entitlement mentality
D.the Protestant work ethic
Answer:
Which of the following is not an effect of induced costs?
A.small businesses may be adversely affected.
B.new agencies created.
C.new investments in plant and equipment may be affected.
D.innovation may be affected.
Answer:
There is no doubt that the media are
A.ignoring ethical violations in their own industry.
B.reporting ethical problems more frequently and fervently.
C.defending the right of business to be conducted amorally.
D.reporting breaches of ethics in politics more than they are reporting business ethics
violations.
Answer:
The state-issued document that grants the corporation’s right to exist and stipulating the
basic terms of its existence is a(n)
A.certificate of legitimacy.
B.occupancy permit.
C.charter.
D.article of incorporation.
Answer:
After the decision to close a plant has been made, actions that management should take
may include all of the following except
A.provide advance notice to employees and the community.
B.phase out the business gradually.
C.announce the decision in the press before telling employees and community leaders.
D.help the community attract replacement industry.
Answer:
Which of the following did not contribute to the development of the public affairs
function?
A.community relations
B.lobbying
C.public relations
D.marketing
Answer:
The most efficient use of corporate wealth to benefit the public is though contributions
to charity and other worthy causes which is called ____.
A.taxation.
B.philanthropy.
C.paternalism.
D.corporate welfare.
Answer:
The ____ portrays the concurrent fulfillment of the firm’s economic, legal, ethical and
philanthropic responsibilities
A.Pyramid of Corporate Social Responsibility
B.Corporate Citizenship concepts
C.Social Response Cycle
D.None of these
Answer:
Every form of state intervention that affects industry as a distinct part of the economy is
called
A.internationalization.
B.globalization.
C.industrial policy.
D.privatization.
Answer:
Which of the following is the most basic assumption we make in discussing personal
and managerial ethics?
A.With effort, the “right” answer can be reached.
B.The object of ethical principles is to minimize harm done to others.
C.The object of ethical principles is to maximize benefits to others and ourselves.
D.People want to behave ethically.
Answer:
Boards are now being tougher on CEOs for all of the following reasons except
A.increasing diversity on boards.
B.competitive economic conditions.
C.rising vigilance of outside directors.
D.increasing power of large institutional investors.
Answer:
Programs that attempt to blend all of the functions of a business into a holistic,
integrated philosophy built around teamwork, productivity, and customer satisfaction
are called
A.Six Sigma programs.
B.total care programs.
C.total quality management programs.
D.customer focus programs.
Answer:
The purpose of the Bipartisan Campaign Reform Act was to
A.limit the cost of political campaigns.
B.reduce the number of political ads on television.
C.remove the influence of soft money on candidates.
D.regulate the amount of money given directly to candidates.
Answer:
Business’s response to consumerism over time has been one of
A.benign neglect.
B.rapid response.
C.ineffective action, followed by improved responses.
D.extreme care.
Answer:
The primary purpose of the Sarbanes-Oxley Act is to
A.provide rules regulating the relationship between CEOs and boards.
B.limit the power of corporate boards.
C.restrict the flow of corporate money into politics.
D.provide better protection for investors in public companies by improving the
financial reporting of those companies.
Answer:
Selling products and services online is known as
A.e-commerce.
B.e-marketing.
C.electronic persuasion.
D.simulated marketing.
Answer:
Which of the following is not a way in which companies can benefit from volunteer
programs?
A.developing strong ties with local government officials
B.developing the local labor pool
C.recruiting and retaining employees
D.improving the company’s reputation
Answer:
Early research conducted in the organization later known as the Food and Drug
Administration fed small doses of poison to
A.rats.
B.chimpanzees.
C.the “Death Squad.”
D.the “Poison Squad.”
Answer:
The ethics of care may help managers utilize
A.deontological principles.
B.the stakeholder perspective.
C.utilitarianism.
D.the principle of rights.
Answer:
Ethical theories that focus on duties are called
A.teleological.
B.virtue theories.
C.principled rights.
D.deontological.
Answer:
The central product of the new breed of lobbyist is
A.influence.
B.access.
C.advice.
D.information.
Answer:
The good cause norm is
A.the employment at will doctrine.
B.the reason for wrongful discharge.
C.the belief that employees should be discharged only for good reasons.
D.based on private property rights.
Answer:
The most basic moral question involved in stem cell research is
A.what constitutes human life.
B.who “owns” the embryo.
C.the use to which the results of the research will be applied.
D.who will benefit from the research.
Answer:
The dilemma of regulation is the tradeoff between
A.cost and efficiency.
B.effective control and the burden placed on firms.
C.private gain and public good.
D.individualistic and collectivistic goals.
Answer:
The Foreign Corrupt Practices Act allows
A.bribes under $10,000.
B.bribes, as long as the firm does not deduct them on its tax return.
C.bribes, as long as they are disclosed to shareholders.
D.grease payments.
Answer: