Laws that prohibit retail stores from being open for business on Sundays are called blue
laws.
Facilitation payments violate anti-bribery laws in almost every nation but are still
widely tolerated.
A strategy is a basic approach, method, or plan for achieving an objective.
The 80 percent rule is the statistical test to measure disparate impact.
The United States is not a party to the Kyoto Protocol.
The business-government-society (BGS) field is the study of this environment and its
importance for managers.
Under GATT, the decision of a dispute body can be overturned only by the unanimous
veto of all members.
Immediately after the U.S. Civil War, big business dominated both the federal
government and the state governments to an extent that has not been seen since that
time.
Immigration generally brings an influx of younger workers who are less costly and
more adaptable.
The inherent power of state governments to regulate economic and social relationships
for the welfare of all citizens is known as police power.
Cause-related marketing is a variant of strategic philanthropy in which charitable
contributions are based on purchases of a service.
According to the Committee for Economic Development, the intermediate circle of
societal expectations outlines the newly emerging responsibilities that business should
assume to improve the social environment, even if they are not directly related to
specific business processes.
The laws of the United States have been shaped by the consequences of the industrial
activities.
The impact of a regulation on employment, productivity, and innovation is a direct and
easy way to calculate the costs of regulation.
The process of deciding what action to take regarding specific risks is called hazard
assessment.
Even without making direct investments in a nation, powerful MNCs can shake its
economy.
The average board of directors has five members and this has not changed for many
years.
G. William Domhoff argues the existence of a cohesive American upper class based on
wealth, socialization in private schools, memberships in exclusive clubs, and occupancy
of high positions in business, government, and nonprofit institutions.
In traditional philanthropy, foundations and corporations give grants to profitable
organizations that then spend the money to meet stated goals.
A tort is a private wrong committed by one person against another person or his/her
property.
Risk decisions are based solely on science.
Disparate impact exists if an employer gives less favorable treatment to employees
because of their race, color, religion, sex, or national origin.
There is overwhelming evidence that individuals are influenced to be more or less
ethical by the situations they are in.
The Civil Rights Act of 1875 was based on the First Amendment of the U.S.
Constitution.
Any large multinational corporation will follow only a single code.
Agreements reached under GATT were incorporated in the WTO.
Job descriptions that include sustainability duties encourage accountability.
MNCs are all similar in their organizational structures and operations.
Quid pro quo is a situation, defined as illegal, when submission to sexual activity is
required to get or keep a job.
The duty of a company to create wealth in ways that avoid harm to, protect, or enhance
societal assets is called corporate social responsibility.
Institutions are formal patterns of relations that link people together to accomplish a
goal.
World Bank and IMF loans usually go to developing countries.
The Securities and Exchange Commission (SEC) regulations stipulate that a company
must include a shareholder’s proposal in its proxy statement if it meets specified
requirements.
The application of one nation’s laws within the borders of another nation is known as
extraterritoriality.
The president nominates two out of the five commissioners of the Federal Trade
Commission.
The categorical imperative, an ethical guide for behavior, is based on the writings of
German philosopher Immanuel Kant.
The sector of occupations that add value to manufactured goods is known as the service
sector.
Executives are more often prosecuted than corporations, though harder to convict.
Which of the following defines a business, differentiates it from competitors, explains
relationships with stakeholders, and focuses energy on critical activities and goals?
A.Mission statement
B.Annual report
C.Social contract
D.Code of conduct
These are laws that seek to influence governments and agencies to purchase U.S.-made
goods and services rather than foreign-made goods and services.
A.Blue laws
B.”Buy American” laws
C.The laws of comparative advantage
D.Soft laws
Which of the following methods is used to infer the value of an unknown state from the
value of another state that is known?
A.Extrapolation
B.Hazard assessment
C.Interpolation
D.Contingent valuation
_____ is an emphasis on material objects or money that displaces spiritual, aesthetic, or
philosophical values.
A.Consumerism
B.Individualism
C.Materialism
D.Rationalism
The Human Development Index scale ranges from:
A.0 to -1.
B.0 to 1.
C.-1 to +1.
D.-5 to 0.
Jeremy Bentham developed the idea of _____ as a guide to ethics.
A.utilitarianism
B.deontology
C.virtue ethics
D.ethical egoism
Which state charters the largest number of corporations in the United States?
A.Delaware
B.New Jersey
C.California
D.New York
The Fourteenth Amendment of the U.S. constitution:
A.intended to prevent Southern states from passing discriminatory laws.
B.prohibited race discrimination in voting.
C.abolished slavery.
D.prohibited the making of laws impeding the free exercise of religion.
According to new Progressives:
A.corporations have insufficient power.
B.corporations have inordinate legal rights.
C.corporations are inherently moral.
D.free markets force the corporations to serve the public interest.
Globalization is:
A.an economic metamorphosis that started in England in the late 1700s.
B.the creation and maintenance of a disparate economic relationship between states.
C.the creation of networks of human interaction that span worldwide distances.
D.a philosophy in which nations promote trade by easing tariff and non-tariff barriers.
Compensation of these directors is determined by compensation committees on boards.
A.Inside directors
B.Internal directors
C.Outside directors
D.International directors
_____ occurs when an individual solicits multiple contributions for a candidate, then
bunches them together and passes them on.
A.Trading
B.Lobbying
C.Bundling
D.Peaking
When one company supplies the entire market for a good or service more cheaply than
a combination of smaller firms, it has:
A.an oligopoly.
B.pure competition.
C.a natural monopoly.
D.monopolistic competition.
_____ believed that owners of capital exploited workers and promoted systems of rising
inequality.
A.Karl Marx
B.Vladimir Lenin
C.Bernard Mandeville
D.Adam Smith
All of the following are examples of economic performance indicators in the triple
bottom line EXCEPT:
A.net revenues.
B.taxes paid.
C.ratio of basic salary of men to women by employee category.
D.charitable monetary contributions to local organizations.
Discuss the main provisions of the Foreign Corrupt Practices Act (FCPA).
Which Act was passed to take care of the thousands of abandoned toxic waste sites
around the country?
A.The Toxic Substances Control Act
B.The Medical Waste Tracking Act
C.The Comprehensive Environmental Response, Compensation, and Liability Act
D.The Resource Conservation and Recovery Act
_____ is a market-based pollution abatement scheme in which emissions are limited
and sources must hold tradable permits equal to the amount of their discharges.
A.Command-and-control
B.Carbon tax regime
C.Cap and trade
D.Carbon fees with rebates
_____ is the documentation and disclosure of how closely corporate operations conform
to the goal of sustainable development.
A.Assurance
B.Sustainable development
C.Triple bottom line
D.Sustainability reporting
The _____ contract was traditionally defined as an employment contract that could be
ended by either the employer or the employee without notice and for any or no reason.
A.right-to-work
B.individual freedom
C.employment at-will
D.just cause
During the 1960s and 1970s, national politics became dominated by a conservative
agenda.
Japanese firms pay their employees on the _____ curve, a slowly rising wage scale
based largely on seniority that allows for small differentials based on ability and
provides a comfortable income fitting various stages.
A.nenko
B.karoshi
C.kaizen
D.salaryman
A plausible story of the future based on assumptions about how current trends might
play out is known as a:
A.proposition.
B.scenario.
C.historical force.
D.premise.
In which of the following models do business and government govern the great mass of
people?
A.The countervailing forces model
B.The stakeholder model
C.The market capitalism model
D.The dominance model
If an employer gives less favorable treatment to employees because of their race, color,
religion, sex, or national origin, he/she is indulging in:
A.disparate treatment.
B.separate but equal treatment.
C.reverse discrimination.
D.diversity management.
_____ is the ethical philosophy of the greatest good for the greatest number.
A.Utilitarianism
B.Capitalism
C.Deep ecology
D.Moral responsibility
All of the following statements are true of the requirements of proxy statements
EXCEPT:
A.the proposal cannot exceed 1,000 words.
B.a shareholder may submit only one proposal for a particular shareholder meeting.
C.stockholders must own $2,000 or more shares for at least one year.
D.a proposal should receive no less than 3 percent of vote to be presented at the next
shareholder meeting.
The concentric circle of responsibility that outlines newly emerging and still amorphous
responsibilities that business should assume to improve the social environment, even if
they are not directly related to specific business processes is the:
A.neutral circle.
B.inner circle.
C.outer circle.
D.intermediate circle.
Verification by audit that information in a corporate sustainability report is correct is
known as:
A.triple bottom line.
B.social audit.
C.sustainability reporting.
D.assurance.
_____ is a situation where sexually offensive conduct is pervasive in the workplace,
making work unreasonably difficult for an affected individual.
A.Hostile environment
B.Verbal abuse
C.Quid pro quo
D.Anti-social behavior
What is cost-benefit analysis? What are the advantages and disadvantages of a
cost-benefit analysis?
How did the rise of antagonistic groups impact the business environment?
Discuss in brief the waves of innovation that have taken place since the beginning of
the Industrial Revolution.
Define individualism.
Define command-and-control regulation. What are the advantages and disadvantages of
the command-and-control regulation?
Explain what is meant by the ends-means ethic in ethical decision-making and give a
business example of the application of this concept.
Discuss some of the problems of cross-border corporate power.
What is corporate culture? Explain the three levels of culture according to pioneering
researcher, Edgar Schein.
Explain the process of contingent valuation.
Describe any four principles of corporate social responsibility.
Define a business model and explain its purpose.
What is the Rio Declaration?
How did the introduction of railroads change American politics?
What is meant by grant price?
How did the political and business climate change after World War II?