The independent regulatory commission is a regulatory agency run by a small group of
commissioners independent of political control.
Sustained economic growth arose in Western Europe and the United States during the
first half of the twentieth century.
The Clean Water Act is effective in eliminating polluted factory outflows.
A peak association refers to a group that represents the political interests of the
industrial market leader.
An argument that supports the dominance theory is that there exists a small group of
individuals who, by virtue of wealth and position, control the nation.
One of the advantages of sustainability reporting is that the reports are comparable from
company to company.
Only developed countries have been receptive to free market ideas.
Thomas Jefferson believed that an agrarian economy would prevent the rise of
subservience to the wealthy and bring a state of equality, basic justice, and concern for
the common good.
The maximum achievable control technology is a performance standard used by the
Environmental Protection Agency to control emissions of hazardous air pollutants.
Plutocracy refers to a society that is ruled by the wealthy.
Most mission statements center on profits and products.
A company’s charitable contributions are not tax-deductible.
Utilitarianism protects both individual needs and community needs equally.
According to the Lobbying Disclosure Act, individuals and corporations engaged in
lobbying have to disclose their political contributions to candidates, parties, and
committees four times a year.
Different countries have the same ethical values.
Studies show that as anti-bribery laws in developed nations are enforced, corrupt
countries receive less FDI from MNCs headquartered in less corrupt countries.
Checkbook philanthropy is an active approach to philanthropy.
There is no single formula for social responsibility that fits all companies.
Compensatory justice requires inequitable compensation to victims.
The Resource Conservation and Recovery Act of 1976 gave EPA the authority to
manage hazardous waste from the moment it is created to the moment it is finally
destroyed.
The most effective assurance that information in a corporate sustainability report is
correct is provided by independent, external auditors.
One main argument against protectionism is that a major cause of the rise in world trade
is the widespread reduction in defensive barriers.
The number of children a woman must have on average to ensure that one daughter
survives to reproductive age is known as the replacement fertility rate.
The six environmental forces that create turbulence in the workplace are
interconnected.
The organized labor was the strongest supporter of the industries.
Superfund refers to a federal program that was set up in 1980 to clean up toxic waste
sites.
Contingent valuation is a method for assigning a price to ecological goods or services
that are traded in markets.
According to the Dodd-Frank Act, at least once every three years companies have to
submit their executive compensation packages to a stockholder vote, which is binding.
Governments are secondary stakeholders to corporations.
Lobbyists often meet with a legislator’s staff and sometimes work with them to draft
legislation.
Ethnic nepotism refers to systematic efforts made by companies to recruit from diverse
groups, promote tolerance, and modify corporate cultures to include nonmainstream
employees.
The four fundamental standards to protect basic worker rights which have been set forth
in various international labor conventions are known as the fair labor standards.
Logical positivism is a school of thought that rejects ethical perfection, taking the
position that human affairs will be characterized by flawed behavior.
A _____ price is determined by the interaction of the supply and demand without any
moral dimension.
A.just
B.natural
C.normal
D.market
_____ are those social issues/impacts related to factors that influence success in the
marketplace.
A.Competitive social issues
B.Generic social issues
C.Value chain social impacts
D.Comprehensive social impacts
_____ are the ultimate arbiters of legitimate behavior and can act forcefully to blunt the
exercise of corporate power that harms the public.
A.Governments
B.Social interest groups
C.Markets
D.Economic stakeholders
_____ advocacy presents a political view or comment on an electoral race.
A.Issue
B.Ideological
C.Bureaucratic
D.Express
Which of the following is true regarding the Consumer Product Safety Commission
(CPSC)?
A.The agency was set up at the crest of the first wave of consumer protection.
B.Congress gave it little autonomy.
C.It is subject to presidential control.
D.Its five commissioners have staggered seven-year appointments.
Which of the following is true regarding immigration in various countries?
A.Immigration generally brings an influx of younger workers who are less costly and
more adaptable.
B.Many European nations are strongly ethnocentric and welcome immigrants.
C.The Japanese easily integrate with non-Japanese people in their workplaces.
D.Since the replacement rate in the United States has fallen below the fertility rate,
continued immigration will prevent the population declines facing Europe and Japan.
The _____ model is intended to revitalize capitalism with a new conceptualization of
how the corporation should work. This theory rejects the shareholder-centered view of
the firm.
A.dominance
B.market capitalism
C.stakeholder
D.countervailing forces
Regulation of railroads, banks, and natural resources are examples 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 resolutions of national and global problems.
Bias by humans toward members of their own class and prejudice against members of
other kind is known as:
A.speciesism.
B.objectivism.
C.utilitarianism.
D.supremacism.
The uniform currency used by the European Union (EU) is called the:
A.euro.
B.dollar.
C.yen.
D.pound.
President Abraham Lincoln issued the Emancipation Proclamation that:
A.freed an estimated 4 million slaves.
B.totally abolished slavery.
C.was intended to prevent Southern states from passing discriminatory laws.
D.prohibited race discrimination in voting.
The treaty that requires nations to preserve biological diversity by promoting
sustainable economic activity is known as the:
A.Convention on Biological Diversity.
B.2010 Biodiversity Target.
C.Global Biodiversity Information Facility.
D.Pacific Biodiversity Information Forum.
The _____ sector is considered to add value to manufactured goods.
A.agrarian
B.service
C.environmental
D.agricultural
To solve agrarian ills, the populists:
A.demanded that U.S. senators be picked by state legislatures.
B.sought to defend the gold standard.
C.espoused the use of capitalism.
D.advocated government ownership of railroad, telegraph, telephone companies, and
banks.
Which of the following models describes business as responding primarily to economic
forces in society?
A.The market capitalism model
B.The stakeholder model
C.The dominance model
D.The countervailing forces model
An ethical principle that requires punishment to be evenhanded and proportionate to
transgressions is:
A.compensatory justice.
B.distributive justice.
C.restorative justice.
D.retributive justice.
The idea that only one set of ethical standards exists for business and for society is
known as the theory of:
A.amorality.
B.moral muteness.
C.hypernorms.
D.moral unity.
A set of reinforcing beliefs and values that constructs a worldview is called a(n):
A.ideology.
B.theory.
C.realism.
D.philosophy.
The _____ is required to set national standards for air pollutants at levels that protect
public health and the environment.
A.Environmental Protection Agency
B.Council on Environmental Quality
C.U.S. Chemical Safety and Hazard Investigation Board
D.U.S. Green Building Council
Sequences of actions that add value to products and services are called business:
A.communications.
B.logics.
C.processes.
D.patterns.
____ refers to actions taken by managers to adapt a company to changes in its market
and sociopolitical environments.
A.Organizational development
B.Strategic management
C.Social activism
D.Value migration
Stockholders:
A.cannot propose resolutions for votes.
B.are said to be owners of corporations.
C.own a fraction of the corporation as property.
D.are liable for the corporation’s actions.
The tangible artifacts of a society that shape and are shaped by ideas and institutions are
called _______.
A.material things
B.markets
C.customs
D.services
What was the original intent of the 1789 Alien Tort Claims Act?
A.To make it illegal for U.S. citizens anywhere in the world to bribe foreign officials.
B.To set criminal penalties in abetting the overthrow of the U.S. government.
C.To protect the United States from enemy aliens.
D.To protect the rights of ambassadors and to try pirates.
_____ is a statement or vision that creates insight by describing patterns or relationships
in a diffuse subject matter.
A.idea
B.value
C.theory
D.postulate
The Office of Federal Contract Compliance Programs:
A.establishes rigid hiring goals for all companies.
B.has mandated a goal of 10 percent females in the construction industry.
C.conducts zealous compliance reviews.
D.uses qualitative tools to target companies where discrimination is most likely to be
uncovered.
According to Friedrich Nietzsche, the mass of ordinary people developed a(n) _____
intended to shackle the great men.
A.master morality
B.moral free space
C.slave morality
D.ethical relativism
The impact of a company on nature is called its:
A.social power.
B.technological power.
C.environmental power.
D.economic power.
Which idea reflects the central purpose of ethics, which is to bind individuals into a
cooperative social whole?
A.Realism
B.Utilitarianism
C.Reciprocity
D.Ethical relativism
Identify the force of globalization that comes under “ideas.”
A.Wealth creation
B.Financial crises
C.Corporate citizenship
D.Health care
Explain the basic ideas in the philosophy of utilitarianism.
Why is it said that the 1930 Smoot-Hawley Tariff Act “added poison to the emptying
well of global trade”? Give an example.
Explain what is meant by the intuition ethic in ethical decision-making and give a
business example of the application of this concept.
What are the different approaches that companies can adopt to implement an
environmental management system?
Explain what is meant by the might-equals-right ethic in ethical decision-making and
give a business example of the application of this concept.
Define lobbying.
Define the service principle.
What does the economic environment consist of? Define the terms “trade liberalization”
and “foreign direct investment.”
How did the attitude toward business change during the modern era?
What were the Civil Rights Cases? How did the Supreme Court’s ruling in Plessy v.
Ferguson affect the Fourteenth Amendment?
Explain the process of rulemaking.
Describe the dominance model.
Discuss some of the provisions of the Dodd-Frank Act.
Discuss the ascendancy of business, corruption, and reform during the 19thcentury.
Discuss the free trade responses to protectionism.