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Which of the following is a part of the tiers of internationalization?
A.Export sales
B.Indirect investments
C.Importing essential goods
D.Portfolio investment
In the late 1800s and early 1900s, manufacturers were well protected from liability suits
brought by injured customers because of two formidable obstacles in the law. What
were they?
A.The principle of actus reus and the doctrine of laches.
B.The principle of caveat emptor and the doctrine of privity.
C.The principle of caveat emptor and the doctrine of laches.
D.The principle of actus reus and the doctrine of privity.
Which 2010 Act, passed to control risk in financial markets, is the biggest surge in
economic regulation since the New Deal?
A.The Dodd-Frank Act
B.The Expedited Funds Availability Act
C.The Tax Extenders and Alternative Minimum Tax Relief Act
D.The Congressional Accountability Act
What is the method used by the Environmental Protection Agency (EPA) to calculate
the value of a statistical life? What are its criticisms?
Which of the following is a category used by the HDI to measure the development of
nations?
A.Longevity
B.Flexibility
C.Resilience
D.Dynamism
The basic statute for fighting water pollution in the United States is the:
A.Federal Water Pollution Control Act Amendments of 1972.
B.Water (Prevention and Control of Pollution) Act of 1974.
C.Water Pollution Program Improvement Act.
D.Safe Drinking Water Act.
Business entities in foreign countries controlled by parent transnational corporations are
known as:
A.foreign affiliates.
B.indigenous producers.
C.domestically owned firms.
D.parent firms.
The concentric circle of social responsibility that encompasses responsibility to exercise
the economic function with a sensitive awareness of changing social values and
priorities is the:
A.intermediate circle.
B.external circle.
C.outer circle.
D.inner circle.
The theory that business actions are judged by the general ethical standards of society
and not by a special set of more permissive standards is the theory of:
A.amorality.
B.moral unity.
C.ethical universalism.
D.ethical relativism.
According to this theory, efficiency and the general economic welfare are optimized
when each country produces that for which it enjoys a cost advantage.
A.The marginalist theory
B.The Doctrine of Protectionism
C."Buy American" laws
D.The law of comparative advantage
Which of the following is a carbon offset program set up under the Kyoto Protocol that
allows developed countries to meet greenhouse gas reproduction pledges by paying for
carbon offset projects in developing nations?
A.The Emissions Trading Mechanism
B.The Clean Development Mechanism
C.The environmental management system
D.ISO 14001
The _____ principle holds that when industrial activity poses a risk, even if the threat is
as yet poorly understood, prudence calls for restraint.
A.proactionary
B.postcautionary
C.maximin
D.precautionary
The near-spiritual belief that individual managers served society by making each
business successful is called the:
A.balance of power principle.
B.benefit principle.
C.service principle.
D.Friedman principle.
Social globalization is based on:
A.specialization and international exchange.
B.trade and investment flows and restrictions.
C.measures of political cooperation between countries.
D.the flow of ideas, images, and information.
Which of the following statements is true about the regulation of lobbyists?
A.Lobbyists have been regulated since 1946, when they were first required to register
with the clerks of the House and Senate.
B.The Lobbying Disclosure Act requires individuals and corporations engaged in
lobbying to register with the House of Commons.
C.Four times a year, the individuals and corporations engaged in lobbying must disclose
their political contributions to candidates.
D.The House and the Senate have adopted different rules to prevent the appearance of
impropriety.
Setting the exercise price of stock options at the price on a date before the date they
were granted is:
A.day trading.
B.backdating.
C.earmarking.
D.overnight rating.
Which of the following is an important implication of the environmental Kuznets
curve?
A.Society will not focus much on education.
B.Economic inequality decreases over time while a country is developing.
C.More economic growth will not necessarily lead to steadily increasing levels of
pollution.
D.Environmental quality in growing economies will follow a path of long-term
deterioration.
The transfer of work from a domestic to a foreign country, or to a foreign supplier is
called:
A.offshoring.
B.telecommuting.
C.nearshoring.
D.homesourcing.
Which of the following is an ideology in which the pursuit of material goods beyond
subsistence shapes social conduct?
A.Consumerism
B.Citizenship
C.Materialism
D.Productivism
The economic policy of lowering tariffs and other barriers to encourage trade and
investment is known as:
A.liberalization.
B.globalization.
C.capitalism.
D.multinationality.
Nonwage costs, including payments for social security, health insurance, and payroll
taxes that employers must pay to cover disability, unemployment, maternity leave, and
similar benefits are known as:
A.externalities.
B.community firm costs.
C.social welfare costs.
D.superannuation costs.
_____ is a mechanism in which a ton of CO2e is a traded commodity with a price that
fluctuates based on changes in supply and demand.
A.Clean Development Mechanism
B.Green market
C.Greenwashing
D.Carbon market
Corporate charters specify the rights and responsibilities of all of the following
EXCEPT:
A.directors.
B.stockholders.
C.officers.
D.consumers.
The theory that rejects human domination of nature and holds that humans have only
equal rights with other species, not superior rights, is the theory of:
A.agrarianism.
B.existentialism.
C.deep ecology.
D.land ethic.
After the turn-of-the-century fraud scandals, Congress created requirements for
antifraud mechanisms with this 2002 Act.
A.The Sarbanes-Oxley Act
B.The Confidential Information Protection and Statistical Efficiency Act
C.The Federal Information Security Management Act
D.The TEACH Act
Regular employees who are expected to remain with the firm forever are known as
datsusara.
The Consumer Product Safety Commission (CPSC) has the power to:
A.set mandatory safety standards for more than 15,000 consumer products.
B.minimize but not ban the sale of products that expose consumers to unreasonable
risks.
C.prevent false and deceptive advertising.
D.protect the public from fraudulent and deceptive sales practices.
Discuss the Bipartisan Campaign Reform Act of 2002 (BCRA). What are its three main
provisions?
In addition to regulations, agencies issue larger volumes of _____ in documents such as
memoranda, circulars, compliance manuals, and advisory opinions.
A.rules
B.policies
C.principles
D.guidance
A government in which powers are divided between a central government and
subdivision governments is called a(n):
A.federal system.
B.unitary system.
C.confederation system.
D.devolved system.
Discrimination caused by policies that apply to everyone and seem neutral but have the
effect of disadvantaging a protected group is known as:
A.reverse discrimination.
B.disparate impact.
C.glass ceiling.
D.quid pro quo.
Define the concept of elite dominance.
What is meant by separation of powers?
What is a Gini index?
Corporate actions have an impact on society at two levels. What are they?
What were the employment discriminations that the Chinese laborers faced in the
United States during 1850 to 1885?
Discuss the concept of power.
What is meant by the theory of justice in ethical decision-making? Distinguish between
distributive, retributive, and compensatory justice.
Explain what is meant by "corporate governance" and what it includes.
In common usage, what does consumerism refer to?
Discuss the concept of socialism. Who is the originator of modern socialist doctrine?
What were Karl Marx and Friedrich Engels' views on socialism?
What is speciesism? How does it justify the expansion of rights to nonhuman entities?
List three provisions that were set forth in the Sarbanes-Oxley Act.
What is deregulation?
What is the difference between outsourcing and offshoring?
What is strategic management?
What are two major duties that state incorporation laws impose on boards of directors?
Discuss greenhouse gases and their effects. What is the Kyoto Protocol?
What are the three affirmative action debates? Explain them in brief.
Discuss the difference, if any, between ethics and business ethics. How are they similar
and different from one another?
Define product liability.
