Radon is an inert, colorless, and odorless gas found in soil and rock formations.
The Nineteenth Amendment to the U.S. Constitution gave women the right to vote.
For corruption to exist there must be both demand and supply.
One way to characterize the cost of regulation is to calculate its total dollar cost.
The removal or substantial reduction of the body of regulation covering an industry is
known as deregulation.
No matter what the source of a code of conduct, the target is the corporation.
The idea that the needs of workers should be subordinate to the needs of the
organization is fundamental to the organization ethic.
Liberalization refers to the creation of networks of human interaction that span
worldwide distances.
A Web site open to collaborative editing by multiple individuals is known as a blog.
The principle of caveat emptor imposes on buyers the responsibility to inspect carefully
and skeptically items they purchase.
A community firm is a Japanese company that operates on a model analogous to a
family.
Natural selection is the evolutionary basis of ethics.
According to the Dodd-Frank Act, shareholders who want to run a board candidate have
to contact other shareholders at their own very high expense.
The doctrine of liberty of contract gave equal powers to all parties, thus, employers and
employees were at an equal footing.
The top management of a company sets the tone for the company’s social goals.
Indoor air in developed nations contains a mixture of pollutants including combustion
by-products from cooking such as carbon monoxide and asbestos.
Social responsibility is still frequently seen as a superfluous activity only indirectly
related to the bottom line, one that costs money, takes time, and reduces efficiency.
The nation-state is the unit of human organization in which individuals and cultural
groups can influence their circumstances and future.
The CO2e is a universal measure that uses the warming potential of carbon dioxide as a
reference for the relative warming potential of the six greenhouse gases covered by the
Kyoto Protocol.
Economic activity is a geophysical force with power to change the natural environment.
When networks of economic, political, social, and scientific interdependence span
worldwide distances, this is called globalization.
In the international arena, the nation state is an actor having a ruling authority, citizens,
and a territory with fixed borders.
The basic purpose of the study of ethics is to have individuals in society act
cooperatively as a social whole.
Regulation is the effort by governments to achieve economic or social outcomes by
directing the behavior of citizens, groups, and corporations.
Most companies now design their compensation discussions to satisfy regulators rather
than as a communication to the average shareholder.
Standards of ethical behavior were arguably clearer in ancient Greek civilization than
they are now.
The economic and political factors within a society affect an individual’s chances for
justice to be served.
A cost-benefit analysis forces methodical consideration of each impact of a policy on
social welfare.
The triple bottom line has become the most accepted approach to CSR reporting
because it can satisfy a range of demanding stakeholders.
The transfer of work from a domestic to a foreign location is known as offshoring.
Structural change refers to any shift in the proportions of agricultural, goods-producing,
and service occupations in an economy.
The Tripartite Declaration came in response to the rising power of multinational
corporations in the 1960s.
The doctrine of liberty of contract allowed employers and workers to negotiate all
aspects of the employment contract without any government interference.
Foreign direct investment is the limited, speculative purchase of stocks and bonds in a
foreign company by individuals.
Ethical perfection is factual and real.
Director interlock refers to a situation that arises when an individual sits on the board of
directors of two or more corporations.
Lobbyists have been regulated since 1946, when they were first required to register
with the clerks of the House and Senate.
Emissions trading programs are also known as:
A.command-and-control systems.
B.cap and trade.
C.carbon tax regimes.
D.carbon fees with rebates.
Rules of corporate governance adopted by corporations are called:
A.policies.
B.articles of incorporation.
C.bylaws.
D.standing rules.
All of the following are a part of global production EXCEPT:
A.research.
B.distribution.
C.logistics.
D.portfolio investment.
According to Howard R. Bowen:
A.mangers have an ethical duty to consider the broad social impact of their decisions.
B.corporations can exceed the limit of power granted by a social contract.
C.businesses should mainly look after their own interests before improving society.
D.voluntary actions will not head off negative public attitudes.
The belief that hard work and adherence to a set of virtues such as thrift, saving, and
sobriety would bring wealth and God’s approval is known as:
A.functionalism.
B.the Protestant ethic.
C.the Confucian ethic.
D.positivism.
Superfund is the common name for the:
A.Medical Waste Tracking Act.
B.Comprehensive Environmental Response, Compensation, and Liability Act.
C.Resource Conservation and Recovery Act.
D.Toxic Substances Control Act.
A proxy card:
A.is also called a proxy statement.
B.is a form stockholders mark giving management the right to vote their shares as
indicated.
C.is an inventory of information sent to stockholders before annual votes on directors.
D.contains rules of corporate governance to be adopted by corporations.
Which of the following statements about the countervailing forces model is true?
A.It represents primarily the perspective of business critics.
B.It reflects the BGS relationship in Western industrialized nations.
C.It stands for the belief that government intervention in the market is undesirable.
D.It assumes that individuals can own private property and freely risk investments.
A manager may comply with both the practical imperative and the Golden Rule by
asking if she would change places with the person affected by the contemplated action.
This is known as the:
A.press test.
B.universalizability test.
C.others test.
D.reversibility test.
Which of the following statements about the components of executive compensation is
true?
A.NYSE listing standards require that the compensation committee be composed of
independent directors as well as the CEO.
B.A compensation committee of expert consultants sets the pay of top corporate
officers.
C.The annual base salary is usually set near the median salary for leaders at comparable
firms.
D.Base salaries are often around $2 million, the amount that the IRS allows as tax
deductible.
The entities that have a relationship with a corporation such that they are affected
immediately and powerfully by the actions of the corporation are called __.
A.primary stakeholders
B.activist groups
C.secondary stakeholders
D.trade associations
The duty of a corporation to avoid harm to the assets of a community is called:
A.corporate sustainability.
B.corporate social responsibility.
C.corporate governance.
D.corporate social entrepreneurship.
A set of values that create a specific view of the world is a(n) _______
A.institution
B.ideology
C.society
D.economy
Which of the following is NOT true about the new communal economy that
Francois-Nol Babeuf, the originator of modern socialist doctrine, envisioned?
A.The government would receive their output and distribute to everyone the basic
material necessities of life.
B.To eliminate individual desire for wealth and power, schools would teach egalitarian
principles.
C.Private property would be ratified.
D.Citizens would be required to work based on their trade or skill.
The coordinated efforts of a company to prevent its managers from breaking the law
and to act ethically are called:
A.ethics programs.
B.reciprocity.
C.theory of amorality.
D.moral muteness.
According to Karl Marx:
A.business power is exercised in a society in which other institutions also have great
power.
B.a ruling capitalist class exploited workers and dominated other classes.
C.business power is counterbalanced, restricted, controlled, and subject to defeat.
D.largely through market forces, business power could be disciplined to benefit society.
Each of the five tiers of internationalization is seen as all of the following EXCEPT:
A.a theory.
B.an ideal.
C.a model.
D.a policy.
This is a 1789 law permitting foreign citizens to litigate alleged violations of
international law in U.S. federal district courts.
A.The Alien Tort Claims Act
B.The Sherman Antitrust Act
C.The Foreign Exchange Regulation Act
D.The Sarbanes-Oxley Act
Which of the following are responses to competitive forces in markets?
A.Private regulations
B.Mandated actions
C.Voluntary actions
D.Market actions
Which Act makes it illegal for U.S. citizens anywhere in the world to bribe foreign
officials?
A.The International Anti-Bribery Act
B.The Foreign Corrupt Practices Act
C.The Sarbanes-Oxley Act
D.The Foreign Investment and National Security Act
The Global Compact:
A.is a code of conduct.
B.enforces its principles.
C.advances its principles as an “aspirational” set of ‘shared values.”
D.requires mandatory participation.
Product liability:
A.is a doctrine in the body of common law known as the law of torts.
B.cases are always based on negligence.
C.was not a progressive part of the law until the 1960s.
D.cases are always based on strict liability.
The Gini index ranges between:
A.0 to -1.
B.0 percent to 100 percent.
C.-1 to +1.
D.1 percent to 50 percent.
Which of the following is a reason for the rapid decline of socialism in the United
States?
A.Moderate reforms of the populist movement came only because the threat of growing
socialist popularity put pressure on the capitalist elite.
B.Socialist unions made a huge doctrinal error (though not a tactical mistake) when
they labeled World War I an imperialist war and said that labor would refuse to shed its
blood for wealthy capitalists.
C.Because of its electoral successes the Socialist Party chose to make itself less radical,
thereby breaching socialist unity by alienating firebrand IWW leaders.
D.As time passed, the lot of most workers improved; real wages rose 37 percent and the
average 50-hour workweek declined to 40 hours.
This ethical principle requires the manager to calculate which course of action, among
alternatives, will result in the greatest benefit for the company and all workers.
A.The might-equals-right ethic
B.The ends-means ethic
C.The proportionality ethic
D.The utilitarian ethic
The _____ is authorized to inspect meat, poultry, and eggs.
A.Animal and Plant Health Inspection Service
B.Food Safety and Inspection Service
C.Food and Drug Administration
D.Center for Disease Control and Prevention
_____ refer to six natural substances that in large quantities cause the degradation of air
quality.
A.Point source effluents
B.Greenhouse gases
C.Criteria pollutants
D.Hazardous air pollutants
Title VII of the Civil Rights Act of 1964 created the ____, an independent regulatory
commission, to enforce its provision.
A.Bureau of Labor Statistics
B.Equal Employment Opportunity Commission
C.National Labor Relations Board
D.Bureau of International Labor Affairs
The four fundamental standards to protect basic worker rights set forth in international
labor conventions are known as _____ standards.
A.core labor
B.agency worker
C.fair labor
D.second New Deal
“Actions that promote happiness are right while actions that promote unhappiness are
wrong” is the basis of the:
A.might-equals-right ethic.
B.ends-means ethic.
C.utilitarian ethic.
D.organization ethic.
Which of the following is a reason for the persisting gender wage gap?
A.Occupational segregation places many women in female-dominated occupations that
tend to be lower paying than male-dominated ones.
B.Employers never hesitate to invest heavily in training women, thus giving women an
equal opportunity for promotions.
C.The earning gap does not reflect elements of sex discrimination.
D.Although globalization has narrowed gender wage differentials, especially in
high-skill occupations, they persist due to cultural traditions that shape labor market
characteristics.
Rights to life are an example of:
A.master morality.
B.reciprocity.
C.hypernorms.
D.slave morality.
Which of the following refers to an exposure point greater than zero at which a
substance begins to pose a health risk?
A.Hormesis
B.Absolute limit
C.Threshold
D.Level of tolerance
Which of the following statements about historical forces is true?
A.It is of known origin.
B.It is divided into six separate but related forces.
C.It is a social force.
D.It causes a distinct chain of events.
List the five tiers of internationalization.
As per the U.S. Sentencing Commission’s Guidelines Manual, what are the seven steps
of an effective compliance program?
Explain what is meant by foreign direct investment.
Discuss some of the reasons for the failure of the WTO-led multilateral trading system
in making major advances in trade liberalization.
What are the three main features of the U.S. Constitution?
Define threshold.
Explain the term “natural monopoly.”
Discuss the concept of legitimacy. Explain how it is applicable to business power.
What is meant by a multilateral trade negotiation?
Discuss the three elements of social responsibility.
What is meant by a historical force?
What are some of the general complaints against consumerism?
What are structural changes? What are the structural changes that American society has
undergone?
What is a society? Discuss its elements.
Explain the basic components of a company’s mission statement. What should be
included in this statement?