The purpose of corporate governance is a direct outgrowth of the question of
legitimacy.
The ethical tests approach is considered a more pragmatic approach than the principles
approach to ethics.
Business’s response to consumerism has consistently been to meet consumers’ demands
as quickly and effectively as possible.
The number of registered lobbyists has decreased along with the amount of money
spent on lobbying.
One privacy guideline states that firms should respect and preserve the boundary
between work and home.
The amount of solid wastes disposed each year is reduced by the amount of waste
materials recycled.
Many companies are willing to give employees time to engage in and support
community projects.
The corporation is currently viewed as having a specialized purpose of providing a
profit through the provision of goods and services.
Astroturf lobbying is massively regulated.
Community foundations are non-profit organizations that specialize in grant writing and
locating sources of corporate philanthropy.
Deforestation occurs only in less developed countries (LDCs).
Proponents of the concept of corporate social responsiveness believe that the focus of
corporate social responsibility on accountability or obligation is not dynamic enough to
describe business’s willingness and activity to respond to social demands.
A company may create a positive impact in the community by giving time and talents of
its managers.
One of the factors that has helped make issues management and crisis management
more important to business is instant global communication.
People who express concerns about the ethical issues involved in technological
advances are generally against the use of technology.
Business interacts with only a limited number of stakeholder groups.
Business can do just about anything it wants because we do not live in a socially
conscious environment.
In Kohlberg’s preconventional level of moral development, the individual’s primary
concern is for others.
The stakeholder model has normative value because it emphasizes how stakeholders
should be treated.
The best reason to base one’s ethics on societal norms is that the norms do not conflict;
thus they provide clear guidance to “right” and “wrong.”
The most visible issue in the United States related to globalization is moving jobs
overseas.
Issues management is a process by which a firm deals with its most important
stakeholders’ demands.
Research has indicated that improvements in corporate social performance are
associated with improved financial results.
Public affairs management focuses on the formalization and institutionalization of
corporate public policy.
Genetic profiling, which provides a perfect means for identifying a person, raises
questions of privacy and possible discrimination.
Business-to-consumer (B2C) transactions are anticipated to be the greatest area of
e-commerce growth in the coming years.
Self-regulation in advertising relies on the advertiser itself to control its advertising
conduct and performance.
Corporate social responsiveness is focused on the action phase of management response
to social demands.
Disparate impact forms of discrimination are not illegal if they are business- or
job-related necessities.
According to research done by Phillip V. Lewis, there is almost a step-by-step process
to make a moral decision.
As a general rule, managers should assume that litigation might result from firing an
employee.
The common perception of business power is that there is too little of it to provide a
balance with other social institutions.
Employer promises that they may not even know they made are called
A.inherent intentions.
B.implied contracts.
C.public policies.
D.good faith promises.
____ refers to a quality, characteristics, or state in which activities, processes, practices,
and decisions in companies become open or visible to the outside world.
A.Opacity
B.Corporate Transparency
C.Deontological
D.Utilitarianism
The concept of business responsibility that has been the most popular in the United
States for most of its history is based on
A.democracy.
B.socialism.
C.the classical economic model.
D.the neoclassical economic model.
A shareholder rights plan aimed at discouraging or preventing a hostile takeover is
known as
A.a poison pill.
B.golden handcuffs.
C.a golden parachute.
D.insider trading.
Benefits of employee volunteerism include all the following except
A.builds brand awareness and affinity.
B.creates qualifiable social impact.
C.encourages teamwork.
D.promotes leadership and skill development.
Critics of integrity tests claim each of the following except:
A.They are intrusive and invade privacy.
B.They are unreliable.
C.They are effective when used as part of a screening process.
D.They reject many honest candidates.
The “third sector” is composed of
A.schools.
B.non-profit organizations.
C.churches.
D.households.
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.
Business organizations must address the legitimate needs and expectations of
stakeholders because
A.it is required by law.
B.it is the right thing to do.
C.stakeholders force them to.
D.they will need to, in order to be successful in the long run.
The critical factor in the success of codes of conduct is
A.who wrote the document.
B.giving employees the chance for feedback before the document is adopted.
C.whether or not the codes become “living documents.”
D.the level of precision in defining what is unacceptable behavior.
Because OSHA does not have enough inspectors to monitor all of the businesses in the
United States,
A.businesses have a “free pass” to design their own safety standards.
B.it attempts to make up for it by passing “nitpicking” rules.
C.it gets help from the Department of Labor.
D.businesses have a heavy responsibility for safety in the workplace.
Which of the following is not a role increasing government’s complex relationship with
business?
A.government is a major purchaser.
B.government can elevate some businesses while devaluing others.
C.government cannot have buying power
D.government can create new businesses through subsidization.
Climate change is known as
A.the greenhouse effect.
B.waste management.
C.global warming.
D.global emissions
Gross national product, inflation, interest rates, and unemployment rates are included in
a firm’s
A.social environment.
B.economic environment.
C.political environment.
D.technological environment.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Explain how issues management is related to corporate public policy and
enterprise-level strategy.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Evaluate the Government’s involvement in internet privacy protection.
The ethical theory based on the concept of duty that states that firms have a
responsibility to comply with the terms of the sale, inform the customer about the
product, not misrepresent anything, and not coerce the customer is
A.contractual theory.
B.due care theory.
C.social costs view.
D.caveat emptor.
The deeply ingrained principles that guide all of a company’s actions and decisions are
the firm’s
A.vision statements.
B.guiding lights.
C.core values.
D.mission statements.
A contract in which a corporation agrees to make payments to key officers in the event
of a change in the control of the corporation is called
A.a golden parachute.
B.golden handcuffs.
C.greenmail.
D.the silver rule.
A major criticism of CEOs and boards during the 1980s, when corporate takeovers were
regular occurrences, was
A.not trying to get the best price they could for shareholders.
B.focusing on “making deals” instead of running the business.
C.trying to run up the price of their company’s stock in preparation for the sale.
D.being obsessed with self-preservation instead of making optimal decisions on behalf
of shareholders.
Ecoterrorism is all the following except
A.employing violent acts that involve real or threatened damage to people or property
to attempt to achieve goals.
B.taking an increased importance.
C.in the form of radical groups.
D.fought through the federal level with such as the Animal Enterprise Terrorism Act.
The group that is elected by shareholders to govern and oversee management is the
A.investment council.
B.board of directors.
C.board of trustees.
D.governing council.
The approach to issues management in which each issue is viewed as separate from all
others is the
A.conventional approach.
B.strategic management approach.
C.portfolio approach.
D.changing mix approach.
Which of the following is not an action that managers should take when terminating
employees?
A.Fire employees in a private space
B.Email the employee the termination
C.Preserve the employee’s dignity
D.Use transparent criteria for layoffs
An extreme concern in the realm of privacy issues is
A.identity theft.
B.DNA duplication.
C.theft of intellectual property.
D.the distinction between “opting in” versus “opting out.”
OSHA’s ____ is to assure the safety and health of American’s workers by setting and
enforcing standards, etc..
A.service clause
B.standards clause
C.mission
D.public clause
The average level of formal education in the United States is
A.rising.
B.dropping.
C.staying about the same.
D.unknown.
The Foreign Corrupt Practices Act
A.governs the operations of foreign MNCs in the United States.
B.makes it illegal to make any type of payment to a foreign citizen for the purpose of
doing business.
C.makes it illegal for the representative of an American corporation to offer or pay
officials of foreign governments for the purpose of getting or maintaining business.
D.makes it illegal for American government officials to accept bribes from foreign
nationals.
The new social contract is placing on employees more responsibility for
A.planning their retirement funding.
B.career management.
C.their own successful career/job and future in the employment relationship.
D.their co-workers’ advancement in the organization.
Government payments to industries or groups with special qualifications are called
A.transfer payments.
B.subsidies.
C.loan guarantees.
D.moral suasion.
Which of the following is not an attribute upon which managers judge the importance
of stakeholders?
A.power
B.urgency
C.legitimacy
D.nationality
Use of plot placements involve
A.awards given for extraordinarily poor advertisements.
B.advertising ideas taken from the storylines of books or movies.
C.placement of products part of the storyline of a television show.
D.ideas for new products taken from books.
The ethical theory based on the concept of duty that focuses on the relative
vulnerability of the customer is
A.contractual theory.
B.due care theory.
C.social costs view.
D.caveat vendor.
The effects on employees of being monitored include
A.low morale.
B.decreased productivity.
C.a sense of job security.
D.distrust of co-workers.
The largest minority in the United States is now
A.African Americans.
B.Native Americans.
C.Euro Americans.
D.Hispanics.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Why does discussion of the institution of business tend to focus on big business?
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Compare and contrast economic regulation and social regulation.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Summarize the argument used to explain why the concept of corporate social
responsiveness is an improvement over corporate social responsibility.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
What are the answers to our overuse of nonrenewable energy resources?
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Describe some of the changes that have occurred as a result of global warming.
Utilize the knowledge you have gained to respond to the following essay questions.
Your answers should state your position and use logical arguments and content
from this and other chapters in the textbook to support it.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
What is the difference between internal and external stakeholders?
Utilize the knowledge you have gained to respond to the following essay questions.
Your answers should state your position and use logical arguments and content
from this and other chapters in the textbook to support it.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Describe some of the ways in which the public affairs office can help an operating
manager to understand that public affairs are truly relevant to what he or she does.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Discuss the ability of the public or its government to establish social priorities.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Discuss the reasons for the overlapping trends of regulation and deregulation.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
One of the ways to make judgments about the ethical impacts of technology is to
employ prevailing norms of acceptability in determining what is fair and to avoid harm.
Provide a critique of using this criterion.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Are the arguments for PACs more compelling than those against these organizations?
Explain your position.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Some people have proposed that character education be provided in schools and in
corporations. Evaluate this proposal.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
List the reasons that good candidates for corporate board positions are hard to find.
Utilize the knowledge you have gained to respond to the following essay questions.
Your answers should state your position and use logical arguments and content
from this and other chapters in the textbook to support it.
Explain the concept of corporate transparency. Evaluate its usefulness in creating an
ethical climate within an organization.
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Federal laws require a waiting period of one year before former government officials
can discuss private business matters with anyone in the White House. Why does this
provision exist? Is one year a sufficient waiting period?
Provide a short answer to each of these questions. Be sure to fully explain your
answer.
Why are the food and manufacturing industries particularly susceptible to product
liability suits?