The employees of a business are a part of its external environment.
Corporate philanthropy is a large part of overall private philanthropy in the U.S. every
year.
Much New Deal legislation was profoundly unequal and uncompassionate and
reasserted the tradition of industrial idealism.
Soft law creates binding obligations for corporations.
The populists wanted private individuals to own railroad, telegraph, telephone
companies, and banks.
The popular theoretician of the rising American capitalist spirit was Adam Smith.
The Sullivan Principles was a 1977 code of conduct that required multinational
corporations in South Africa to do business in a nondiscriminatory way.
Command-and-control regulation give polluters financial motives to control pollution
while also giving them flexibility in how reductions are achieved.
After 1974, subcommittees could hold hearings on any subject they wished.
Cost-benefit approaches compromise ecosystems deserving absolute, not conditional,
protection.
The transfer of work from within a company to an outside supplier is known as
out-tasking.
Business involvement in politics can take the form of lobbying, in which business
exercises influence by advocating positions to lawmakers and officials.
Carbon offsets are projects that compensate for all or part of a company’s greenhouse
gas emissions by eliminating the equivalent sum of those emissions from another
source.
Philosopher G. E. Moore believed that a good manager can ‘sense” the difference
between right and wrong behavior.
According to the theory of land ethic, humans are part of an ethical community that
includes not only other human beings but all elements of the natural environment.
Ethical intuition is a form of social intuition.
The U.S. Constitution allows for judicial review of laws to determine if officials of the
government exceed their authority.
According to the theory of moral unity, there are two different standards for ethics: one
for society in general and another one for business.
The technique of generating the public’s support for the position of a company is called
grassroots lobbying.
The grounds of legitimacy of business power are the same in all societies.
As originally enacted, Title VII required employers to redress racially imbalanced
workforces or change established seniority systems.
In terms of a company’s social report, the opposite of transparency is opacity.
Soft law refers to the voluntarily adopted guidelines for corporate behavior derived
from emerging norms and standards in international codes, declarations, and
conventions.
The Living Planet Index measures the human consumption of the renewable natural
resources.
Kant’s categorical imperative is an ethical guideline that allows a manager to be flexible
and act depending on the situation.
The dominance theory holds that business is preeminent in American society, primarily
because of its control of wealth, and that its power is both excessive and inadequately
checked.
According to the dominance theory, business abuses the power its size and wealth
confer in a number of ways.
There are five major boundaries on managerial power: government and laws, social
interest groups, social values, markets and economic stakeholders, and demographics of
the society in which the managerial power wants to operate.
The Civil Rights Act of 1960 is the cornerstone of the structure of laws and regulations
enforcing equal opportunity.
Theories simplify and organize areas of knowledge by describing patterns or
regularities in the subject matter.
Which of the following is an emerging form of philanthropy that uses market forces to
achieve results?
A.Checkbook philanthropy
B.High impact philanthropy
C.Philanthrocapitalism
D.Microphilanthropy
The study of which actions are “right” and which actions are “wrong” is called:
A.ethics.
B.law.
C.religion.
D.master morality.
Which of the following is true regarding the progressive movement?
A.It was less radical than populism.
B.It had narrower appeal than populism.
C.It was strongly opposed by the urban middle class and professionals.
D.It was less effective than populism.
Manufacturing, mining, and construction are a part of the _____ sector.
A.agricultural
B.service
C.goods-producing
D.agrarian
Nonpolluting economic growth that improves the standard of living of people without
depleting the net resources of the earth is called:
A.green development.
B.sustainable development.
C.environmental planning.
D.community building.
Which of the following laws raised 890 tariff lines covering tens of thousands of items
and increasing the average American duty on imported goods?
A.The Fordney-McCumber Tariff Act
B.The Buy American Act
C.The Trade and Tariff Act
D.The Smoot-Hawley Tariff Act
A nominating committee:
A.oversees auditing reports and assesses financial risks in the company’s strategy.
B.reviews the performance of top executives and sets their compensation.
C.sets the director’s pay.
D.identifies candidates for election to the board.
Which of the following doctrines defined the legal relationship between a consumer and
other parties to a sale?
A.The doctrine of res judicata
B.The doctrine of res ipsa loquitur
C.The doctrine of privity
D.The doctrine of laches
The standard that uses economic, environmental, and social performance indicators that
are based on GRI standards is called the:
A.triple bottom line.
B.social audit.
C.business model.
D.value chain.
Which of the following statements about Executive Order 11246 is NOT true?
A.It is the origin of most affirmative action in corporations.
B.It is a legal defense a company can use to fight a disparate impact charge.
C.It is enforced by the Office of Federal Contract Compliance Programs.
D.It requires all companies with federal contracts of $50,000 or more and 50 or more
employees, to have a written affirmative action plan.
To administer the Troubled Asset Relief Program, Congress created a new agency in the
Treasury Department known as the:
A.Office of the Comptroller of the Currency.
B.Office of Financial Stability.
C.Office of Financial Institutions.
D.Office of Government Financial Policy.
The three elements of social responsibility are:
A.market actions, profit actions, and voluntary actions.
B.profit actions, externally mandated actions, and voluntary actions.
C.market actions, externally mandated actions, and voluntary actions.
D.market actions, externally mandated actions, and profit actions.
Which of the following refers to a policy of increasing national power by managing the
economy to create a trade surplus?
A.Capitalism
B.Laissez-faire
C.Mercantilism
D.Free trade
Which of the following is NOT an element of risk assessment?
A.Risk characterization
B.Exposure assessment
C.Control options
D.Dose-response assessment
A _____ effluent is a runoff that enters surface waters from diffuse sources.
A.nonpoint
B.volume
C.line
D.area
In reality, the sequence of the flow of authority of a corporation from the powers
granted in the charter of the corporation is from the:
A.CEO to the directors to the stockholders.
B.directors to the CEO to the stockholders.
C.stockholders to the directors to the CEO.
D.CEO to the stockholders to the directors.
When businesses give money to candidates and lobby legislation, they are attempting to
use:
A.political power at the surface level.
B.social power at the deeper level.
C.cultural power at the abysmal level.
D.legal power at the exterior level.
Under which of the following forces of globalization does environmentalism come?
A.MNCs
B.Governments
C.Capital
D.Ideas
Identify the principle that admonishes a manager to treat employees as ends in
themselves and not to manipulate them simply as factors of production for the
self-interested ends of the company.
A.The disclosure rule
B.The Doctrine of the Mean
C.The practical imperative
D.The organization ethic
Which of the following ethical principles is based on the idea that a manager can do
whatever he wants as long as he does not break the law?
A.The principle of equal freedom
B.The conventionalist ethic
C.The Doctrine of the Mean
D.The disclosure rule
The National Pollution Discharge Elimination System is the permit system used to
regulate:
A.emission of criteria pollutants.
B.emission of hazardous air pollutants.
C.industrial effluents from point sources.
D.industrial effluents from nonpoint sources.
This is the financial process by which a corporation takes partial or total control of
foreign assets with the intention of having a long-term presence.
A.TPI
B.Indirect investment
C.Portfolio investment
D.FDI
Under the doctrine of ____, an employee must act ‘solely and entirely” for the
employer’s benefit in all work-related matters or be liable for termination and damages.
A.liberty of contract
B.employment-at-will
C.good faith
D.strict liability
Risk management decisions are based on the:
A.social sciences.
B.natural sciences.
C.formal sciences.
D.applied sciences.
The idea that the needs of workers should be subordinate to the needs of the
organization is the basis of the:
A.categorical imperative.
B.organization ethic.
C.intuition ethic.
D.disclosure rule.
At the _____ level of corporate power, society encounters an intangible realm of social
networks, time, and physical space, a realm crossed by complex chains of cause and
effect that converge and interact, shaping and reshaping the society.
A.apparent
B.exterior
C.deep
D.surface
The _____ combines in one measure thousands of population trends among terrestrial,
freshwater, and marine vegetable species.
A.Living Planet Index
B.Ecological Footprint
C.Environmental Performance Index
D.Water Footprint
In 1914, Congress set up a second independent regulatory commission, the ____, to
prohibit unfair means of competition.
A.Interstate Commerce Commission
B.United States Consumer Product Safety Commission
C.U.S. Commission on Civil Rights
D.Federal Trade Commission
After 1974, subcommittees:
A.typically had to seek permission from the Congress before taking any actions.
B.were dominated by a few leaders.
C.could hold hearings on any subject they wished.
D.started having small staffs.
Which of the following was the belief prevalent in the South that racially segregated
facilities were not inherently unequal?
A.Balance of interest
B.Clear statement rule
C.Separate but equal
D.Racial steering
The idea that ethical consumers will pay a premium for commodities from producers in
developing nations who use sustainable methods is known as:
A.moral purchasing.
B.free trade.
C.fair trade.
D.safe trade.
The doctrine of liberty of contract:
A.entails government subsidy of salaries for workers who lacked enough work.
B.creates more jobs by mandating shorter hours, forcing companies to hire more people
to maintain output.
C.allows employers and employees to negotiate their wages, hours, duties, and
conditions without government interference.
D.requires regular employees to remain with the firm.
A government document that creates a corporation and defines its authority is called a:
A.corporate charter.
B.state charter.
C.commerce charter.
D.director’s charter.
Which of the following is true regarding the FDA?
A.Its main emphasis in terms of budget and staffing is food regulation.
B.It is lax on premarket testing of new prescription drugs.
C.It has the authority to inspect foreign food factories but the resources to visit only
one-tenth of 1 percent of them.
D.It has been successful in eradicating economically motivated contamination and
counterfeiting in the food supply.
Which ethical principle holds that a manager faced with a moral choice must act in a
way that he/she believes is right and just for any person in a similar situation?
A.The disclosure rule
B.The Doctrine of the Mean
C.The categorical imperative
D.The Might-Equals-Right Ethic
Explain what is meant by the conventionalist ethic and give a business example of the
application of this concept.
Discuss Executive Order 11246. How is it enforced?
Explain structural change.
What are epidemiological studies?
What are the major shortcomings of CEO compensation?
Define deontological ethics.
How is the cost of regulation calculated?
Explain the term “risk.”
Explain the basic teachings of the realist school of ethics.
What is the Protestant ethic?
Discuss sociologist C. Wright Mill’s views on the theory of the power elite.
What is an ecosystem?
What is soft law?
What are merger waves? What was the main impetus for the 1895-1904 wave?
What do you understand by the term “ecosystem services”? Give an example of an
ecosystem service.
Define the term “globalization.”
What is extortion?
Explain what an action plan is and how it facilitates CSR implementation.
Discuss Thomas M. Garrett’s principle of proportionality. What are the five factors that
managers need to consider in their decisions?