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 serve only the short-term interests of citizens.
B.”a few hundred” multinational corporations are making daily business decisions
which have more impact than those of most sovereign governments.
C.developing nations should set up a stable and enabling regulatory environment that
indulges the “concern of the business sector for national policies that are enabling but
not overly regulating.”
D.in seeking return on capital invested, MNCs may build or buy facilities, contract with
local suppliers, and hire workers.
When managers are convicted of a crime, their prison sentences are based on a(n):
A.numerical point system.
B.grading system.
C.evidence-based review system.
D.rating system.
Friedrich Nietzsche’s idea that great men made their own ethical rules without respect
for the general good was called:
A.master morality.
B.the theory of moral responsibility.
C.realism.
D.moral free space.
The Japanese worker compensation system defines _____ as a syndrome marked by
emotional and physical stress accumulated during six months or more of overwork.
A.nenko
B.keiretsu
C.karoshi
D.maquiladora
All of the following statements about the Enlightenment are true EXCEPT:
A.it refers to a wave of new, challenging ideas based on human reason and scientific
inquiry.
B.it believed that the pursuit of material goods beyond subsistence shapes social
conduct.
C.it promoted the idea that human beings are ends in themselves.
D.it encouraged individual choices and allowed individuals to focus on material
pleasures.
The ability of a business to influence government is called:
A.social power.
B.political power.
C.general power.
D.personal power.
During the first wave of regulation, most of the offices that were set up to perform
regulatory functions were primarily promotional in nature. Which of the following was
an exception?
A.Copyright Office
B.Bureau of Fisheries
C.Comptroller of the Currency
D.Patent and Trademark Office
The main purpose of this code is to boost economic growth of its members by
expanding trade.
A.The OECD Guidelines for Multinational Enterprises
B.The Caux Round Table principles for business
C.The Business Charter for Sustainable Development
D.The FLA Workplace Code of Conduct
A(n) _____ approach teaches employees to meet legal and regulatory requirements and
emphasizes following rules.
A.ethics
B.compliance
C.moral
D.value-based
Formulas for CEO compensation are almost universally focused on attaining:
A.specific financial goals.
B.performance goals.
C.core values of responsibility.
D.core values of citizenship.
Which of the following acts guaranteed union organizing and bargaining rights?
A.The Employee Free Choice Act
B.The National Labor Relations Act
C.The Norris-LaGuardia Anti-Injunction Act
D.The Worker Adjustment and Retraining Act
What is the election cycle?
A.It is the two-year period between state elections.
B.It is the time period between the declaration of the election date to the campaigning.
C.It is the two-year period between federal elections.
D.It is the time period between casting the ballot to the declaration of the results.
Which of the following was an observation made by Adam Smith?
A.Corporations are insulated from pressures holding them responsible.
B.The desire to trade for mutual advantage lies deep in human instinct.
C.Common people who feel disadvantaged in some way seek to take power from the
ruling elite.
D.To maintain broad public support, business must adjust to social, political, and
economic forces.
The technique of generating public support for the position of a company, industry, or
any interest is known as:
A.background lobbying.
B.grassroots lobbying.
C.channel lobbying.
D.contact lobbying.
The _____ is a daily government publication containing proposed rules, final rules, and
notices of public meetings by regulatory agencies, and presidential executive orders.
A.Federal Register
B.Code of Federal Regulations
C.Official Congressional Directory
D.United States Reports
The Association of Southeast Asian Nations was formed in 1967 by the Philippines,
Indonesia, Malaysia, Singapore, Thailand, and China.
Which of the following statements about unions that arose in the United States in the
latter half of the 19th century is true?
A.Almost all early unions were radical and avowedly socialist.
B.Most early unions were tied to single companies or locations.
C.The largest union, the Knights of Labor, disdained Marxism and elected to work with
employers for higher wages and better working conditions.
D.The first big national union, the American Federation of Labor, called for overthrow
of the capitalists rather than for reforms to protect labor.
According to the _____ view of economics, a business is socially responsible if it
maximizes profits while operating within the law.
A.neoclassical
B.classical
C.contemporary
D.Keynesian
Which of the following was perhaps the greatest defect of state corporate governance
laws?
A.Inability to control costs in emerging markets.
B.Inability to provide access to low-cost funding sources.
C.Inability to regulate litigation pertaining to fiduciary responsibilities.
D.Inability to prevent fraud and manipulation in national capital markets.
Almost all FDI comes from:
A.hedge funds.
B.sovereign wealth funds.
C.multinational corporations.
D.private equity.
The standard used by the International Organization for Standardization to determine
the quality of a product or service is the:
A.ISO 5000.
B.ISO 9000.
C.ISO 14000.
D.ISO 2600.
Scholar David Rothkopf:
A.suggests that the new superclass lags behind the power of national elites.
B.says that with globalization, a transnational power elite or ‘superclass” has emerged,
operating across borders through “networks of individuals and organizations.”
C.calculates a superclass membership of about 4,000, which is 0.0001 percent of the
world population, or a member for each 1 million people.
D.says that the new superclass conspires to rule.
Rights that are given to citizens by their government are called:
A.unalienable rights.
B.moral rights.
C.civil rights.
D.natural rights.
This theory follows that maximum gain on a worldwide basis will be realized if there
are no impediments to trade, if there is free competition in pricing, and if capital flows
are unrestricted.
A.The marginalist theory
B.The law of comparative advantage
C.”Buy American” laws
D.The Doctrine of Protectionism
The _____ divide projects into high, medium, and low social and environmental risk
and compel borrowers to meet standards for ecological protection and to consult with
native peoples.
A.Global Reporting Initiatives
B.FTSE4Good Global Indices
C.Equator Principles
D.Global Compact Societies
Which Act gave the Environmental Protection Agency the authority to manage
hazardous waste from “from cradle to grave”?
A.The Resource Conservation and Recovery Act
B.The Toxic Substances Control Act
C.The Comprehensive Environmental Response, Compensation, and Liability Act
D.The Federal Water Pollution Control Act
A _____ is a zone of ideas, discourse, and action dominated by progressive values, that
transcends national societies and focuses on global issues.
A.civil society
B.political society
C.government
D.state
According to the Sarbanes-Oxley Act of 2002, criminal violations can lead to fines of
up to:
A.$100,000.
B.$50 million and lengthy prison terms.
C.$5 million and a minimum of 20 years in prison.
D.$10,000 and a maximum of one year of imprisonment.
Which of the following is an example of a speculative technique?
A.Stock splitting
B.Declaring dividends
C.Short-selling
D.Stock dilution
If dominating companies in an industry cut prices until competitors leave the market,
and then raise prices again, they are engaging in:
A.destructive competition.
B.pure competition.
C.monopolistic competition.
D.perfect competition.
Research suggests that in heavily regulated labor markets:
A.firm size is bigger.
B.unemployment lasts longer.
C.companies invest more in new technology.
D.the labor force is more skilled.
Which of the following is true regarding the executive agency?
A.The administrator can be removed only for cause.
B.It is an independent agency.
C.It is run by a single administrator.
D.The administrator is nominated by the Senate and confirmed by the president.
Which of the following models suggests that there is an exchange of power among the
multiple elements in society and does not attribute constant dominance to any one
element?
A.The countervailing forces model
B.The stakeholder model
C.The market capitalism model
D.The dominance model
How did the concept of corporate social responsibility evolve from 1950 to 1970?
Explain which state has chartered the largest number of U.S. industrial corporations and
why this state is so popular for this activity.
Discuss corporate social responsibility in a global context.
What is globalization?
What is philanthrocapitalism?
Explain what is meant by the concept of ‘strategic philanthropy” and give a business
example of this concept.
What is portfolio investment? How is it different from FDI?
Explain the theory of dualism.
What were the Jim Crow laws?
What is an ethics and compliance program? Is it being followed by companies?
Define civil rights.
How has technology impacted societies? What will be the impact of new technologies?
Define the following lobbying methods: contact lobbying, background lobbying, and
grassroots lobbying.
Define exposure assessment. What does it involve?
Discuss the three stages of a “civilization” as it typically develops over time.
Explain the term “disability adjusted life year” (DALY).
What are the major powers of the Consumer Product Safety Commission (CPSC)?