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When a factory dumps toxic waste into a stream, it results in a(n) _____ cost for
society.
A.external
B.internal
C.private
D.extraterritorial
A traditional business model:
A.is one in which the central strategy for creating value is based on meeting market
demands while complying with the law.
B.is one where social performance is based on the response of the management teams to
pressures in the business environment.
C.defines a strategy that meets market needs by mitigating social problems.
D.focuses on making a profit and resists demand to go beyond the minimum duty of
obeying the law.
A society that has its economic, political, and cultural values based on agriculture is
called a(n) _____ society.
A.agrarian
B.postindustrial
C.industrial
D.tribal
This is the state in which company social policies, processes, and actions are visible to
external observers.
A.Opacity
B.Integrity
C.Accountability
D.Transparency
Salarymen are:
A.also called blue-collar businessmen.
B.titles given to senior members of non-profit organizations.
C.regular employees who are expected to remain with a firm permanently.
D.legal officers of a company or unincorporated business.
The standard used by the International Organization for Standardization to determine
the environmental impact of a product or service is the:
A.ISO 5000.
B.ISO 9000.
C.ISO 14000.
D.ISO 2600.
Small particles formed in the atmosphere by photochemical reactions of gases found in
urban smog are known as:
A.inorganic compounds.
B.precipitants.
C.condensibles.
D.volatile organic compounds.
Proponents of the dominance model:
A.focus on the defects and inefficiencies of capitalism.
B.believe that corporations are exposed to societal pressures holding them responsible.
C.believe that market forces are adequate to ensure ethical management.
D.emphasize that businesses and governments are dominated by the masses.
Discuss the progressive reform movement in America.
The _____ which went into effect in 2005 requires industrial nations to cut emissions of
heat-trapping gases an average of 5 percent below 1990 levels by 2012.
A.Montreal Protocol
B.Aarhus Convention
C.Barcelona Convention
D.Kyoto Protocol
The _____ wave of federal workplace regulation moved federal law into the areas of
protection of civil rights.
A.third
B.fourth
C.first
D.second
Which of the following statements about portfolio investments is true?
A.It is measured as the dollar value of funds invested by a parent corporation.
B.It is limited and speculative.
C.It confers a degree of control over the company.
D.It is a long-term investment that cannot be sold anytime.
Which of the following is true regarding the government structure created by the
American Constitution?
A.It concentrates power.
B.It invites business and other interests to attempt to influence the government.
C.It does not require cooperation between levels and branches of government that share
power.
D.It creates a single point of access.
A statistical survey of human mortality and morbidity in a sample population is called
a(n) _____ study.
A.demographic
B.epidemiological
C.cosmology
D.community
In terms of GRI indicators, which of the following is an economic performance
indicator?
A.Materials used by weight or volume.
B.Total number of substantiated complaints.
C.Number of jobs supported in the supply chain.
D.Total value of financial and in-kind contributions to political parties.
Which of the following statements is true about the Department of Homeland Security?
A.It issues rules affecting every industry.
B.Its budget is almost 10 times that of the next largest agency, the EPA.
C.It has 60,000 employees.
D.It is primarily a business regulator.
Which theory of business power is the basis of the countervailing forces model of the
business-government-society relationship?
A.Dominance theory
B.State autonomy theory
C.Pluralist theory
D.Elite dominance theory
The fundamental idea behind _____ is that corporations have duties that go beyond
lawful execution of their economic function.
A.corporate social entrepreneurship
B.corporate sustainability
C.corporate social responsibility
D.corporate governance
When a factory dumps toxic waste into a river and pollutes the river, the costs borne by
society in order to clean up the mess is called a(n):
A.externality.
B.internal diseconomy.
C.internal economy.
D.natural monopoly.
_____ is Latin for "let the buyer beware".
A.Caveat emptor
B.Actus reus
C.Caveat venditor
D.Mens rea
Which of the following is true about strict liability?
A.It arose in tort law many years ago in the United States.
B.The theory of strict liability was extended to product liability and by the 1940s it was
firmly entrenched.
C.The injured person need not prove negligence to prevail in court.
D.Injured consumers had to prove breach of warranty even after the 1960s to prevail in
cases where there was some inherent danger in the use of a product.
Who wrote "The Wealth of Nations"?
A.Karl Marx
B.mile Durkheim
C.Adam Smith
D.Max Weber
Which of the following is true regarding the demographic changes noticed in American
society?
A.The population is growing at a faster rate now.
B.The fertility rate of women is just below the replacement fertility rate.
C.The labor force is becoming homogeneous in gender, race, and ethnicity.
D.The workforce is becoming younger.
Government activity that guides the behavior of citizens, groups, and corporations to
reach economic or social goals is known as:
A.autarky.
B.national treatment.
C.regulation.
D.liberalization.
The idea that ethical rules are "transcultural" because the same ethical rules apply to all
cultures is a fundamental tenet in:
A.ethical universalism.
B.the theory of amorality.
C.reciprocity.
D.ethical relativism.
The call to pressure a company by not buying its products and services is known as
a(n):
A.boycott.
B.injunction.
C.picketing.
D.economic sanction.
Evidence suggests that the sensitivity of neural pathways is based on learning and:
A.motivation.
B.social experience.
C.reinforcement.
D.classical conditioning.
_____ power is the ability to influence the direction, rate, characteristics, and
consequences of physical innovations as they develop.
A.Technological
B.Political
C.Cultural
D.Economic
The International Organization for Standardization is developing the _____ which is
intended to set forth underlying principles, core subjects, and methods for integrating
social performance in the plans, systems, and processes of organizations.
A.ISO 5000
B.ISO 9000
C.ISO 14000
D.ISO 2600
This is a part of the tiers of internationalization.
A.Indirect investments
B.Establishment of foreign sales offices
C.Portfolio investment
D.Importing essential goods
The substitution of revenues from taxes on pollution for revenues from taxes on
productivity is known as:
A.pro-market tax reform.
B.capital gains tax reform.
C.environmental tax reform.
D.alternative minimum tax reform.
_____ of the Civil Rights Act of 1964 prohibits discrimination in any aspect of
employment.
A.Title VII
B.Title IX
C.Title XI
D.Title V
