Activity in the _____sphere is the primary force of change and from this, change
radiates to other spheres.
A.environmental
B.economic
C.social
D.political
Transnational corporations are defined as:
A.doing business in the state in which they are incorporated.
B.doing business in the state of incorporation as well as neighboring states in the same
country.
C.parent entities that control assets of affiliated entities in foreign countries.
D.entities formed between two or more parties only to import essential goods.
The perspective of the market capitalism model leads to the conclusion that:
A.government regulation should be limited.
B.it is the responsibility of businesses to correct social problems.
C.businesses can get away with inferior quality goods and higher profits.
D.the ethical duty of management is to promote the interests of all stakeholders.
Corporate cultural values found in documents such as mission statements and codes of
ethics are known as:
A.espoused values.
B.artifacts.
C.enacted values.
D.tacit underlying values.
Sexual harassment is illegal under:
A.the Employment Non-Discrimination Act.
B.Executive Order 11478.
C.the Federal Employers Liability Act.
D.Title VII of the Civil Rights Act of 1964.
Describe the populist movement in America.
Which of the following refers to a basic approach, method, or plan for achieving an
objective?
A.Vision
B.Initiative
C.Mission
D.Strategy
A system of shared knowledge, values, norms, customs, and rituals that are acquired by
social learning is called a:
A.value chain.
B.civilization.
C.culture.
D.value network.
What is the evolutionary basis of ethics?
A.Heredity
B.Eugenics
C.Natural selection
D.Artificial selection
Which of the following wields an important influence on corporate decisions?
A.Communities
B.Social values
C.Families
D.Stockholders
A progressive business model:
A.is one where social performance is based on the response of the management teams
to pressures in the business environment.
B.focuses on making a profit and resists demand to go beyond the minimum duty of
obeying the law.
C.defines a strategy that meets market needs by mitigating social problems.
D.is one in which the central strategy for creating value is based on meeting market
demands.
During the Middle Ages, the Roman Catholic Church:
A.was tolerant of profit seeking.
B.focused on the acquisition of wealth.
C.sought special status for the poor.
D.love of material things was not an act against God.
When employees at Dow Chemical Company face an ethical decision they are told to
ask: “What feels right or wrong about the situation or action?” This is an application of
the:
A.Golden Mean.
B.intuition ethic.
C.equal freedom principle.
D.theory of justice.
What is a ‘significant regulatory action”?
A.A rule to control risk in financial markets.
B.A rule with an annual effect on the economy of $100 million or more.
C.A rule that gives the federal government wide power to regulate business.
D.A rule to bring “Relief, Recovery, and Reform.”
This is a 1977 code of conduct that required multinational corporations in South Africa
to do business in a nondiscriminatory way.
A.The MacBride Principles
B.The Equator Principles
C.The CERES Principles
D.The Sullivan Principles
This is the legal duty of a representative to manage property in the interest of the owner.
A.Contributory liability
B.Fiduciary responsibility
C.Principal accountability
D.Ownership interest
_____ is a term that denotes both the ideology of using markets to organize society and
a set of policies to free markets from state intrusion.
A.Neoliberalism
B.Embedded liberalism
C.Social liberalism
D.Liberalism
The lending of money for interest is known as:
A.predatory borrowing.
B.predatory lending.
C.usury.
D.alternative giving.
The invention of the _____ in the late 1700s and its widespread use beginning in the
early 1800s triggered the Industrial Revolution.
A.printing press
B.new iron-making method
C.waterwheel
D.steam engine
The first wave of federal workplace regulation established:
A.drug test rules.
B.worker health and safety rules.
C.union rights.
D.pension rights.
Identify the correct statement regarding the waves of innovation that have taken place
since the beginning of the Industrial Revolution.
A.The first wave of innovation lasted for about 50 years.
B.The second wave of innovation had a time length of 65 years.
C.Thus far, the waves of innovation have been divided into seven distinct phases.
D.So far, the general trend has been the shortening of successive waves.
The United Nations defines transnational corporations (TNCs) as:
A.doing business in the state in which they are incorporated.
B.doing business in the state of incorporation as well as neighboring states in the same
country.
C.companies that have erased national allegiances and become itinerant firms that move
investment and activity from nation to nation in search of profits.
D.parent firms that control the assets of affiliated entities in foreign countries including
branches, subsidiaries, and joint ventures.
Which of the following is true about regulatory statutes?
A.A bill containing regulatory authority has to be passed by at least one house of the
Congress.
B.After the bill containing regulatory authority is passed, it is assigned exclusively to an
independent commission.
C.Statutes contain all the specific rules needed.
D.Federal regulation originates in an act of Congress.
The tendency of an individual to use self-centered, immoral, manipulative behavior in a
group is known as:
A.psychoticism.
B.narcissism.
C.Machiavellianism.
D.neuroticism.
Identify the correct statement about shareholder influence.
A.Shareholders often exercise their voting power to replace management.
B.In corporate elections, stockholders cannot vote for another candidate.
C.If stockholders submit nominees to board nominating committees, the directors have
to accept them.
D.Most shareholders do not follow management’s voting recommendations.
A(n) _____ is a standard that arises over time and as agreement on it becomes
widespread, is enforced by social sanction or law.
A.ideal type
B.norm
C.code
D.deviance
On this level of political power, industrialization engenders values that radiate freedom
and erode authoritarian regimes.
A.Apparent
B.Exterior
C.Deeper
D.Surface
When a civil court requires payments by a company to correct “concrete losses”
experienced by injured parties, these payments are called:
A.compensatory damages.
B.general damages.
C.punitive damages.
D.incidental damages.
The practice of harnessing market forces to motivate compliance with regulatory goals
is known as:
A.cap-and-trade regulation.
B.command-and-control regulation.
C.market incentive regulation.
D.voluntary regulation.
Which of the following ethical principles is based on the fundamental idea of “a
command that admits no exception”?
A.The categorical imperative
B.The Doctrine of the Mean
C.The disclosure rule
D.The rights ethic
Which of the following sectors includes fishing and forestry occupations?
A.Agricultural
B.Goods-producing
C.Service
D.Manufacturing
What is the national treatment principle?
A.Increasing national power by managing the economy to create a trade surplus.
B.A principle of national self-sufficiency and economic independence.
C.Equal treatment for imported and local goods in a domestic market.
D.A principle enacted in some trade agreements requiring that if one participant extends
any benefit to another, that participant must extend the same benefit to all.
The Energy Star program:
A.advances control strategies that regulate greenhouse gases.
B.identifies household and commercial products with high energy efficiency.
C.reduces emissions by purchasing alternative energy and buying emissions offsets.
D.eliminates waste and warming gas emissions.
Which of the following statements is true about ideologies?
A.All ideologies have the power to organize collective activity.
B.Ideologies are structures and processes that authoritatively make and apply policies
and rules.
C.Ideologies are essential to coordinate the work of individuals who have no direct
relationship with each other.
D.Secular and sacred ideologies are distinct from one another and rarely overlap.
The idea that a manager simply “knows” the difference between right and wrong actions
is fundamental to the:
A.disclosure rule.
B.organization ethic.
C.intuition ethic.
D.rights ethic.