Intense competition between corporations works to bring consumers:
A.lower prices.
B.lower quality.
C.less choices.
D.average quality.
Chemical emissions that pose a health risk of serious illness such as cancer with even
small inhalation exposures are known as:
A.criteria pollutants.
B.hazardous air pollutants.
C.volatile organic compounds.
D.condensibles.
The economic philosophy that rejects government intervention in markets is called __.
A.socialism
B.laissez-faire
C.communism
D.totalitarianism
The flow of goods and services across borders unhindered by government-imposed
restrictions such as taxes, tariffs, quotas, and rules is known as:
A.free trade.
B.global trade compliance.
C.globalization.
D.sovereignty.
Which of the following is an example of an express warranty?
A.A vendor sells the buyer a fruit that looks and smells good but is found to have
worms when cut.
B.A buyer asks a mechanic to provide snow tires and receives tires that are unsafe to
use in the snow.
C.A car advertisement that says this vehicle only needs an oil change every 10,000
miles.
D.A buyer buys food for immediate consumption and relies on the food seller’s
judgment.
Herbert Spencer’s idea that evolutionary competition in human society, as well as the
natural world, weeded out the unfit and advanced humanity is known as:
A.neo-Darwinism.
B.neural Darwinism.
C.social Darwinism.
D.quantum Darwinism.
Which of the following is NOT one of the basic BGS models?
A.The market capitalism model
B.The dominance model
C.The collective business model
D.The stakeholder model
Which of the following is a set of methods and procedures for aligning corporate
strategies, policies, and operations with principles that protect ecosystems?
A.Superfund
B.UNFCCC
C.The environmental management system
D.The Clean Development Mechanism
Which of the following is true regarding the U.S. Constitution?
A.It sets up a unitary state.
B.It establishes a system under which the legislative, executive, and judicial functions
of the government are integrated with each other.
C.The judges have no power to review legislative and executive actions.
D.It makes the federal government more powerful than the governments of the
individual states.
One of the dangerous indoor air pollutants is ____, an inert, colorless, odorless,
radioactive gas found in soil and rock formations.
A.ozone
B.chlorofluorocarbon
C.methane
D.radon
According to a long-range 2050 projection of the American labor force:
A.the largest increase will be in the percentage of Asians.
B.the Hispanic growth rate will be slower than Asians.
C.the percentage of women in the labor force will increase by 5.5 percentage point.
D.whites will decline as a percentage of the labor force.
This is the economic growth that meets the needs of the present without consuming
social and environmental resources in a way that harms future generations.
A.Protectionism
B.Assurance
C.Triple bottom line
D.Sustainable development
An entity headquartered in one country that does business in one or more foreign
countries is called a(n):
A.MNC.
B.LDC.
C.TNI.
D.FDI.
The _____ has oversight of deceptive marketing, but if the fraud involves a moving van
the _____ takes jurisdiction.
A.Consumer Product Safety Commission; Federal Trade Commission
B.Consumer Product Safety Commission; Federal Motor Carrier Safety Administration
C.Federal Motor Carrier Safety Administration; Federal Trade Commission
D.Federal Trade Commission; Federal Motor Carrier Safety Administration
This is a treaty in which two or more nations agree to reduce or eliminate barriers,
opening their borders to freer mutual trade.
A.Protectionism
B.Free trade agreement
C.Customs union
D.Global trade compliance
Proposed rules are sent by executive branch agencies to the _____ where a staff of
about 50 scrutinizes the proposed rule to see if it is really needed, if all alternatives have
been examined, and whether its costs are justified.
A.Office of Administration
B.Office of Management and Budget
C.Office of Information and Regulatory Affairs
D.Office of Personnel Management
The EPA program that requires facilities handling any of 650 hazardous chemicals to
disclose amounts each year that are released or transferred is the:
A.Waste Management Inventory.
B.Resource Conservation and Recovery Information Inventory.
C.Toxics Release Inventory.
D.Criteria Pollutant Emissions Database.
Which principle states that a manager will act ethically if the good effects outweigh the
evil?
A.The principle of justice
B.The principle of double effect
C.The principle of utility
D.The principle of equal freedom
The Civil Rights Act of 1875 was based on the _____ Amendment.
A.Sixteenth
B.Thirteenth
C.Fourteenth
D.Fifteenth
The First Amendment is an amendment to the Constitution added in 1791 as part of the:
A.Bill of Rights.
B.Declaration of Independence.
C.USA PATRIOT Act.
D.Natural and Legal Rights.
At which level of legal power do industrial activities influence the laws of the society?
A.Deeper level
B.Surface level
C.Apparent level
D.Exterior level
_____ refers to a socially engineered model of alternative community that is designed
to correct faults in the world so its members can find happiness.
A.Ideology
B.Utopia
C.Materialism
D.Euphoria
Which Act did Congress pass in 1933 that required companies to register securities and
provide financial statements and other information to buyers before their sale?
A.The Securities Act
B.The Securities Exchange Act
C.The Sarbanes-Oxley Act
D.The Uniform Securities Act
Which amendment to the U.S. Constitution gave women the right to vote in elections?
A.The First Amendment
B.The Seventeenth Amendment
C.The Nineteenth Amendment
D.The Tenth Amendment
Which of the following is true regarding the law of torts?
A.It involves one party making an offer for an arrangement that another party accepts.
B.It covers any type of harm caused by one individual to another.
C.It allows injured persons to seek compensation from parties that allege to have caused
their injury.
D.It is designed to provide compensation to victims and to send the tortfeasor to prison.
Which of the following statements about the new Progressives is true?
A.They make efforts to build majority coalitions in the mainstream.
B.They apply new scientific, legal, and management theories of the day to smooth the
harsh edges of capitalism.
C.They believe that corporations have insufficient power.
D.They advocate more radical corporate reform than the old Progressives.
According to John Locke, for governments the opposite of power is ____, defined as
“the exercise of power beyond right.”
A.monarchy
B.tyranny
C.oligarchy
D.theocracy
Critics of consumerism believe that:
A.people are judged for their interior qualities rather than their external possessions.
B.consumption for emotional reasons encourages productive uses of money.
C.consumption is compatible with sustainability.
D.things are judged for their market value rather than their intrinsic value.
Political scientist Thomas R. Dye:
A.identified a ‘superclass” operating across borders through networks of individuals and
organizations.
B.suggested that the new ‘superclass” eclipsed the power of national elites.
C.coined the term “power elite”.
D.identified an “institutional elite” of individuals who occupied the top positions in 10
sectors.
Milton Friedman, his colleagues, and their free market ideas are known as the ____, a
shorthand term for a doctrine of privatization, free trade, and deregulation.
A.Stockholm School
B.Freiburg School
C.Chicago School
D.Austrian School
Name the document sent to shareholders before the annual meeting that sets forth
matters requiring their vote.
A.Proxy statement
B.Charter
C.Share certificate
D.Financial report
Moral intuition is a form of social intuition that is adaptive to the social environment
and predominates in individual ethical decisions, more so when they are:
A.immediate.
B.abstract.
C.less emotionally loaded.
D.amenable to decision regimes.
The idea that a retail shop owner should pay damages to a customer who was hurt by a
salesperson is consistent with the ethical principle of:
A.restorative justice.
B.compensatory justice.
C.retributive justice.
D.distributive justice.
Which of the following is true about typical MNCs?
A.Most MNCs are said to be stateless.
B.Corporations are formed under international incorporation laws.
C.They remain national rather than international.
D.MNCs have become too transnational.
Describe the maximum penalty directors and managers are subject to for civil and
criminal violations as specified in the Sarbanes-Oxley Act.
What is the theory of moral unity?
Distinguish between natural rights and civil rights.
Discuss the five trends in the legal environment that restrain business behavior.