Interactions between business and society occur:
A. Within a finite natural ecosystem.
B. Only during an environmental crisis.
C. When business employees and the community are of similar cultural backgrounds.
D. When legislation is passed requiring interaction.
Which of the following are examples of natural monopolies?
A. Electric utilities and railroads.
B. Cable television and the media.
C. Internet services and trucking.
D. None of the above.
A purchasing agent directing her company’s orders to a firm which she received a
valuable gift, is an example of:
A. Conflict of interest.
B. Ethical relativism.
C. Moral development.
D. Egotism.
Which of the following is not true about institutional investors?
A. Institutions invest their funds by purchasing shares of stock in corporations.
B. The proportion of institutional ownership of stock in the U.S. has declined slowly
since the 1960s.
C. Pension funds and university endowments are examples of institutional investors.
D. Institutions accounted for 63 percent of the value of all equities owned in the U.S. in
2010.
Which of the following examples best illustrate an ethics issue based on cross-cultural
contradictions?
A. Legally marketing a pesticide abroad that has been banned in the U.S.
B. Circumventing government regulations to ensure company profits.
C. Hiring child workers in violation of civil law.
D. False and misleading advertising claims.
By promoting the use of clean cookstoves in developing nations, a global alliance hopes
to reduce:
A. Deforestation.
B. The burning of fossil fuels.
C. Black carbon.
D. Methane.
The Sarbanes-Oxley Act makes it illegal for employers to:
A. Sue federal contractors for fraud.
B. Retaliate against whistle-blowers who report information that could have an impact
on the value of a company’s shares.
C. Hire employees who have a prior record of accounting fraud.
D. Both B and C, but not A.
Which groups often collaborate when developing industry-wide codes of conduct?
A. Government officials.
B. Employees.
C. Consumer representatives.
D. All of the above.
Which of these measures is (are) frequently used to rate suppliers when using an
integrated supplier scorecard?
A. Environmental performance.
B. Product quality.
C. Number of employees.
D. Both A and B, but not C.
When a mother or father is granted time off when children are born or adopted and
during the early months of a child’s development, this is called:
A. The parent track.
B. Baby care.
C. Parental leave.
D. Family leave.
Institutional investors are sometimes referred to as:
A. Main Street investors.
B. Wall Street investors.
C. Inside investors.
D. Outside investors.
Building ethical safeguards into a company’s everyday routines is called:
A. Change management.
B. Justifying ethics.
C. Institutionalizing ethics.
D. Ethical awareness.
Governments being asked to regulate driving distractions are examples of a public
policy:
A. Input.
B. Goal.
C. Effect.
D. Tool.
In 2015, slightly more than what percent of U.S. boards had separated the positions of
CEO and board chairman?
A. 12 percent.
B. 31 percent.
C. 50 percent.
D. 72 percent.
Intellectual property refers to:
A. Protecting one’s ideas, concepts, and symbolic creations.
B. Special laws protecting copyrights, patents, and trademarks.
C. Prohibiting the downloading of commercial software or videogames.
D. All of the above.
Hackers employed by businesses or governments to intentionally discover weaknesses
in information systems are called:
A. Grey hatters.
B. Black hatters.
C. White hatters.
D. Mad hatters.
Reason(s) for adopting an enlightened self-interest approach is (are):
A. Reasonable short-run costs are incurred, but socially responsible activities are
promoted.
B. The public’s attitude toward the company is positive in the long run.
C. The stockholders’ pressures for short-run profits are satisfied.
D. All of the above.
What is the primary goal of a community relations department?
A. To improve the financial bottom line.
B. To build relationships with important community groups.
C. To collaborate with other company teams to create policy.
D. Both B and C, but not A.
A bottom-line mentality in business is reflected in which statement?
A. “I want it.”
B. “We have to beat the others at all costs.”
C. “Help yourself and those closest to you.”
D. “Foreigners have a funny notion of what’s right and wrong.”
A common tactic in a financial-incentive political strategy is:
A. Lobbying.
B. Legal challenges.
C. Expert witness testimony.
D. Political contributions.
Which of the following statements is true about the relationship between business and
the community?
A. It is one of mutual interdependence.
B. Business has more responsibility towards community than the community does
towards business.
C. Communities possess more social power than businesses do.
D. All of the above statements are true.
The purpose of the right to be forgotten is to:
A. Increase protection of privacy and personal information.
B. Protect property rights.
C. Protect intellectual property.
D. Prevent software privacy.
The beverage industry’s partnership Refrigerants Naturally! is attempting to:
A. Reduce water usage.
B. Increase the amount of arable land in use.
C. Reduce the use of ozone-depleting chemicals.
D. Increase the consumption of natural beverages.
Restrictive governments often reduce or eliminate citizen access to the Internet and
social media sites in order to?
A. Suppress political dissent.
B. Impose religious or ideological views.
C. Increase bandwidth for government usage.
D. A and B, but not C.
The practice of using fake business emails in order to trick users into divulging personal
data, such as usernames and passwords, is called:
A. Phishing.
B. Pharming.
C. Tweeting.
D. Censorship.
Which of the following is not an example of an ethical criterion?
A. Egoism.
B. Concern for others.
C. Principle.
D. Corporate driven.
The primary purpose of the International Monetary Fund is to:
A. Lend foreign currency to member countries.
B. Exchange one currency for another.
C. Consolidate the debt facing third world nations.
D. Collect the interest on loans made by the World Bank to third-world nations.
What is the first step that lead firms take to develop their suppliers?
A. Creating shared value.
B. Capability building.
C. Supplier monitoring.
D. Publicizing the results.
Racial harassment is illegal under:
A. Title VII of the Civil Rights Act.
B. The Third Amendment to the Constitution.
C. The Equal Pay Act.
D. The Family Medical Leave Act.
Which of the following is not true about justice reasoning?
A. The reasoner is interested in the net value of benefits.
B. The reasoner considers who pays the costs and who receives the benefits.
D. The reasoner relies upon some accepted rule or standard.
C. The reasoner seeks a fair distribution to all affected.
A prime social responsibility of business is to safeguard consumers:
A. While continuing to supply them with goods and services they want.
B. While maintaining high profit margins.
C. By supplying consumers with products at the lowest possible cost.
D. By providing new technology.
According to the United Nations, a feature of democracy is:
A. Fair elections.
B. An independent media.
C. A government with power balanced among executive, legislative, and judicial
branches.
D. All of the above.
One alternative to product liability lawsuits is called:
A. Limited resolution.
B. Punitive damages reform.
C. Alternative dispute resolution.
D. Consumerism.