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The just price:
A.is the economic price for which a good or service is offered in the marketplace.
B.incorporates an excessive profit.
C.is determined by supply and demand without any moral dimension.
D.is inspired by fairness.
What is the major advantage of a cap-and-trade system?
A.It reduces costs for companies under the cap.
B.It puts companies under the cap at a competitive advantage when foreign competitors
are outside the cap.
C.It allows developed countries to meet greenhouse gas reproduction pledges by paying
for carbon offset projects in developing nations.
D.It actually reduces overall emissions as the cap is lowered.
The idea that a manager has the right to take a certain action as long as it does not
deprive a worker of one of his rights is fundamental to the ethical principle of:
A.equal freedom.
B.compensatory justice.
C.proportionality.
D.double effect.
The learning of specific virtues such as prudence or honesty is known as:
A.character development.
B.intellectual development.
C.affective development.
D.social development.
The exercise of authority over members of a corporate community is called:
A.corporate performance management.
B.corporate sustainability.
C.corporate statism.
D.corporate governance.
The primary air quality statute in the United States is the:
A.Air (Prevention and control of Pollution) Act.
B.Air Quality Act.
C.National Environmental Policy Act.
D.Clean Air Act.
All of the following statements are true about theories EXCEPT that:
A.they simplify and organize areas of knowledge.
B.they integrate entire fields of knowledge.
C.they are statements or visions that create insight.
D.they are important in every field.
Which of the following is a less preferred name, compared to the others, for a
multinational corporation?
A.Global
B.Multidomestic
C.Transnational
D.International
The rightful use of business power is called:
A.legitimacy.
B.flexibility.
C.interactivity.
D.efficiency.
All of the following are governmental forces of globalization EXCEPT:
A.erosion of sovereignty by capital markets.
B.pressure to lower trade barriers.
C.pressure to reduce social welfare for citizens.
D.creation of externalities such as resource depletion.
_____ refers to capital investment by private firms outside their home countries.
A.Foreign direct investment
B.Foreign portfolio debt investment
C.Foreign portfolio equity investment
D.Capital transfers
Which of the following is true about the business scenario during the 19thcentury?
A.After the Civil Wars, agriculture started dominating industries.
B.West Virginia and Kentucky were controlled by railroads.
C.The presence of business was least in Washington, D.C.
D.The Southern American states were more dependent on agriculture prior to the Civil
Wars.
This is measured as the dollar value of funds invested by a parent corporation for
starting, acquiring, or expanding an enterprise in a foreign nation.
A.Portfolio investment
B.FDI
C.Debt security
D.TNI
Which of the following statements is true about rulemaking in the U.S. regulatory
process?
A.Proposed rules are sent by independent regulatory agencies to the Office of
Information and Regulatory Affairs.
B.Publication of a proposed rule opens a period, usually 60 to 90 days, during which
the public can comment to the agency.
C.Rulemaking for lesser regulations to be completed often takes years.
D.An OIRA staff of about 50 scrutinizes a proposed rule to see if it is really needed.
On which of the following levels does corporate power shape society over time through
the aggregate changes of industrial growth?
A.Deep level
B.Apparent level
C.Exterior level
D.Surface level
Which of the following is a traditional, passive form of corporate philanthropy
characterized by donations to multiple worthy causes without any relationship to
business strategy?
A.Altruism
B.Cause-related marketing
C.Checkbook philanthropy
D.Venture philanthropy
According to the _____ theory, business power is counterbalanced, restricted,
controlled, and subject to defeat.
A.dominance
B.state autonomy
C.elite
D.pluralist
Visible behaviors like patterns of interaction come under which of the following
corporate culture levels?
A.Espoused values
B.Artifacts
C.Assumptive values
D.Tacit underlying values
The set of rules that a manager can use to make decisions that have both good and bad
consequences is the basis of the:
A.might-equals-right ethic.
B.ends-means ethic.
C.proportionality ethic.
D.utilitarian ethic.
One of the arguments that supports this theory is that there is a small group of
individuals that exist, by virtue of wealth and position, control the nation and act in
undemocratic ways.
A.Dominance theory
B.Pluralist theory
C.Agonism theory
D.Positive political theory
In the _____ model, the _____ acts as a buffer between business and non-market forces.
A.stakeholder; market
B.countervailing forces; government
C.dominance; management
D.market capitalism; market
Which level of corporate culture includes both physical expressions of culture and
visible behaviors?
A.Espoused values
B.Artifacts
C.Assumptive values
D.Tacit underlying values
The fundamental objective of this organization was to prevent a recurrence of Europe's
devastating wars such as World War I and World War II.
A.IMF
B.EU
C.WTO
D.NAFTA
Which of the following is true regarding the structural changes seen in American
society?
A.The agricultural sector employs most number of Americans.
B.The percentage of workers employed in the goods-producing sector is declining.
C.There is a drastic decline in the number of employees in the service sector.
D.The American job landscape is shaped by four long-term structural trends.
What is the primary focus of the Sarbanes-Oxley Act of 2002?
A.Business bankruptcy
B.Pricing practices
C.Individual bankruptcy
D.Accounting rules
Franklin D. Roosevelt's efforts to regulate banking and industry, strengthen labor
unions, and enact Social Security came to be known as the:
A.Fair Deal.
B.Square Deal.
C.Great Society.
D.New Deal.
The force to act or to compel another person or entity to act is called:
A.power.
B.regulation.
C.justice.
D.management.
The _____ protects the right of business to organize and press its agenda on the
government.
A.Sixteenth Amendment
B.First Amendment
C.Sixth Amendment
D.Eleventh Amendment
The network of human relations that consists of ideas, institutions, and material things
is a(n) ________.
A.ideology
B.society
C.theory
D.government
Principle 9 of the Global Compact Principles urges a precautionary approach to
environmental risks, a philosophy rising from the _____ and accepted by regulators in
Europe, but less so in the United States.
A.Earth Summit
B.Convention on Biological Diversity
C.Earth Charter
D.Rio Declaration
That businesses should uphold the freedom of association and the effective recognition
of the right to collective bargaining comes under which Global Compact principle?
A.Anti-corruption
B.Human rights
C.The environment
D.Labor standards
A contract in which the seller guarantees the nature of the product is known as a(n):
A.entitlement.
B.privilege.
C.condition.
D.warranty.
What is just price?
Define Friedmanism.
What is Marxism?
List some of the market failures that justify regulation.
Define a pluralistic society.
Explain what is meant by the theory of amorality.
Define the Commerce Clause.
What are the functions of the International Monetary Fund (IMF)?
Discuss some of the provisions of the Clean Water Act.
What was the separate but equal doctrine?
Define sexual harassment, quid pro quo, and hostile environment.
Discuss the process of emissions trading.
Discuss cause marketing. What are the criticisms of cause marketing?
Define "business".
Discuss the market capitalism model and explain how it differs from the dominance
model.
Discuss the rise of new global values.
What has Congress done to curb land pollution?
Discuss the relevance of the Alien Tort Claims Act.
Explain what is meant by stock options and how these options work and are typically
used within a corporation.
