To be effective, performance goals must be general and progress toward them should be
measurable.
The countervailing forces model is essentially the same as the market capitalism model.
Mandated actions go beyond those compelled by law or regulation.
During World War II, support for business rebounded in the United States.
A set of reinforcing beliefs and values that constructs a worldview is known as an
ideology.
Great Britain was the first society to usher in the Industrial Revolution.
Corporate social responsibility has a definite, universal meaning.
Presidents have formal control over rulemaking by independent agencies.
The Global Compact is a code of conduct that enforces its principles.
Democratic values are one of the features of a pluralistic society.
The scientific process of discovering and weighing the dangers posed by pollutants is
called risk assessment.
The old Progressives seek to avoid being branded as liberals and try to take advantage
of favorable connotations in the word “progressive”.
The stakeholder model states that the immediate priority of a corporation is to benefit
its investors.
Utilitarian ethics require that fair criteria be used to assign benefits and burdens to
affirmative action.
Usually, CEO pay is determined by managerial power.
Acid rain is caused primarily by two air pollutants, carbon dioxide and sulfur dioxide.
An environmental force of unknown origin and mysterious action that provides the
energy for events is known as a historical force.
According to Herbert Spencer, charity is right only when it raises the character and
superiority of the giver.
Plato believed that virtues such as courage, temperance, justice, and wisdom which he
called “goods of the soul” were superior to “external goods,” which he defined as
possessions and money.
The Resource Conservation and Recovery Act ensures that the thousands of abandoned
toxic waste sites around the United States are cleaned up.
A concern with the stakeholder theory is that it is not always clear who or what a
legitimate stakeholder is.
Corporate actions have an impact on society at two levels.
The social welfare model is a form of industry-labor-government cooperation in which
government strongly regulates the labor market to secure expansive rights and generous
benefits for workers.
The “Buy American” laws seek to influence governments and agencies to purchase
U.S.-made goods and services rather than foreign-made goods and services.
The market price of a ware refers to the price that is determined by the interaction of
supply and demand.
Globalization has been the official policy of the United States throughout most of its
history.
Voluntary CSR is the full corrective for flaws in markets.
The Code of Federal Regulations is a daily government publication containing proposed
rules, final rules, and notice of other actions by federal regulatory agencies.
In the United States, company charters are granted by the federal government.
In the U.S. Declaration of Independence, “unalienable” rights are considered natural
rights that cannot be taken away by government.
The Clean Development Mechanism was a carbon offset program set up under the
Montreal Protocol.
The countervailing forces model accepts the absolute primacy of business as in the
dominance model.
The key to strict liability is that the injured person must prove negligence or breach of
warranty to prevail in court.
This has been the official policy of the United States since the end of World War II.
A.Global trade compliance
B.Free trade
C.Globalization
D.Sovereignty
_____ is an ideology which says that workers should revolt against property-owning
capitalists who exploit them, replacing economic and political domination with more
equal and democratic socialist institutions.
A.Populism
B.Marxism
C.Laissez-faire
D.Global corporatism
Which of the following is true regarding bribery?
A.Ordinary contributions given to curry general favor are prosecuted.
B.Whether something is a bribe depends heavily on context and situation.
C.When lobbyists entertain legislators at receptions, they are engaging in criminal
bribery.
D.A campaign contribution that does not involve an agreed upon exchange is still
considered a bribe.
In terms of a company’s social reports, the opposite of _____ is:
A.opacity; hidden.
B.transparency; opacity.
C.altruism; opacity.
D.transparency; altruism.
Civil regulation is also known as:
A.private regulation.
B.self-regulation.
C.state regulation.
D.voluntary regulation.
The _____ measures human consumption of renewable natural resources.
A.Living Planet Index
B.Environmental Performance Index
C.Water Footprint
D.Ecological Footprint
According to Plato:
A.when people engaged in trade they inevitably succumbed to the temptation of excess.
B.happiness is the ultimate goal of life.
C.the amount of happiness a person gained in life was equal to the amount of virtue
accumulated in the soul.
D.profit motive was to be supported.
According to the doctrine of social Darwinism:
A.rich people and dominant companies are unethically superior.
B.charity is wrong only when it raises the character and superiority of the giver.
C.well-meaning people who gave to charity assisted with the natural law of progress by
propping up successful examples of the human race.
D.charity interferes with the natural evolutionary process in which society shed its less
fit to make way for the better adapted.
Which theory holds that business power is exercised in a society in which other
institutions such as markets, government, labor unions, advocacy groups, and public
opinion also have great power?
A.State autonomy theory
B.Elite theory
C.Pluralist theory
D.Dominance theory
The first wave of regulation:
A.oversaw the set up of independent regulatory commissions.
B.was not predominately promotional for business.
C.allowed the government to give vast financial subsidies and grants to private
interests.
D.eliminated tariffs to protect infant industries.
According to which of the following theories does liability exist, even in the absence of
negligence, when an activity or product is inherently dangerous?
A.Absolute liability
B.Strict liability
C.Contributory liability
D.Enterprise liability
This Act sets forth the general guideline that regulators should develop criteria for
urban air quality that are “reasonably anticipated” to protect public health with “an
adequate margin of safety.”
A.The Air (Prevention and Control of Pollution) Act
B.The Air Quality Act
C.The Clean Air Act
D.The National Environmental Policy Act
Attempting to establish a link between a substance and human disease is called:
A.hazard assessment.
B.risk management.
C.risk characterization.
D.hazard characterization.
_____ values are the central beliefs that guide decisions and reside deep in a company’s
culture.
A.Created
B.Implicit
C.Core
D.Protected
The philosophy that social progress comes when individuals freely pursue their
self-interests in unregulated markets is known as:
A.socialism.
B.mercantilism.
C.imperialism.
D.economic liberalism.
A manager faced with an ethical dilemma asks herself how it would feel to explain the
decision to a wider audience by using this ethical principle.
A.The ends-means ethic
B.The principle of proportionality
C.The Doctrine of the Mean
D.The disclosure rule
Which of the following doctrines held that all persons were created equal and were
entitled to the same opportunities and protections?
A.The doctrine of natural rights
B.The Hallstein Doctrine
C.The Monroe Doctrine
D.The Fairness Doctrine
According to Michael Porter and Mark Kramer, an “essential test” for the worthiness of
any additional social initiative is to determine whether it presents an opportunity to
create _____ that is, a meaningful benefit for society that is also valuable to the
business.
A.collective norms
B.collective strategies
C.shared value
D.shared essential
_____ is formed in the air by chemical reactions between nitrogen dioxide and volatile
organic compounds.
A.Methane
B.Ozone
C.Benzene
D.Ammonia
Neuroscience provides a basis for the _____ ethic set forth by philosopher G. E. Moore
more than a century ago.
A.rights
B.utilitarian
C.might-equals-right
D.intuition
Ozone, when present in this major layer of the Earth’s atmosphere, screens out
ultraviolet energy harmful to living tissue.
A.Mesosphere
B.Stratosphere
C.Troposphere
D.Thermosphere
An enduring belief about which fundamental choices in personal and social life are
“correct” is a(n) _______.
A.value
B.institution
C.function
D.process
A policy of national self-sufficiency and economic independence is called:
A.an embargo.
B.autarky.
C.free trade.
D.a tariff.
The power of judges to review legislative and executive actions and strike down laws
that are unconstitutional or acts of officials that exceed their authority is known as:
A.judicial supremacy.
B.judicial review.
C.merit review.
D.legislating.
This is a grant of stock with restrictions on transaction that are removed when a
specified condition is met.
A.Performance shares
B.Restricted stock
C.Stock options
D.Perquisites
The slender margin atop the earth’s surface that supports life is called the:
A.hydrosphere.
B.ionosphere.
C.lithosphere.
D.biosphere.
Which of the following is used as a statistical test to measure disparate impact?
A.The one-eighth rule
B.The 80 percent rule
C.The 20 percent rule
D.The one-half rule
Industries such as the steel industry and big agricultural sectors such as cotton, peanuts,
sugarcane, and tobacco benefit from protectionist rules and subsidies. This is an
example of the government:
A.passing regulations to benefit special interests.
B.regulating socially desirable goods and services.
C.regulating socially desirable production methods.
D.passing resolution of national and global problems.
What are the two kinds of warranties?
A.Express and implied
B.Express and categorical
C.Categorical and allusive
D.Connoted and implied
_____ refers to an invisible barrier of sex discrimination thwarting the advance of
women to top corporate positions.
A.Glass closet
B.Glass elevator
C.Glass ceiling
D.Bamboo ceiling
Which of the following refers to a financing transaction in which one firm lends assets
to another firm in exchange for cash with a simultaneous agreement to purchase the
assets back?
A.Forward rate agreement
B.Swap agreement
C.Repurchase agreement
D.Future-forward agreement
This is based on trade and investment flows and restrictions; measures include trade as
a percent of GDP, inflows of foreign direct investment as a percent of GDP, tariff rates,
and import barriers.
A.Social globalization
B.Economic globalization
C.Democratic globalization
D.Alternative globalization
Discuss Congress oversight? Does it influence agency actions?
Discuss the criminal prosecution of managers and corporations. How do they differ?
Explain what is meant by the principle of equal freedom in ethical decision-making.
What are the six environmental forces that create most of the turbulence in the
workplace?
Discuss the worker protection scenario in Germany.
Discuss employment-at-will doctrine. What are the three major common-law exceptions
to firing at will?
What is meant by director interlock?
What was the populist movement?
List some practical suggestions for making ethical decisions in business.
Define the term ‘stakeholders”.
Explain the law of comparative advantage.
Explain the prevailing theology of the Roman Catholic Church during the Middle Ages.
Discuss the advantages that management has over shareholders.
According to the theory of pluralism, what are the boundaries of managerial power?
Describe the process of a functional magnetic resonance imaging (fMRI) study of
ethical decision making.
What are carbon offsets?
Explain the three ratios that are used to compute a TNI index for a multinational
company.