Bual Exam 2 (Chapter 7-12); Chapter Quizzes

Front 1

The study of right and wrong actions in business is known as:

Back 1

business ethics

Front 2

The belief that the ethical actions of a business should be judged by the general ethical standards of the society is known as the theory of

Back 2

moral unity

Front 3

The belief that business should be conducted without reference to the full range of ethical standards, restraints, and ideals in society is known as the theory of

Back 3

amorality

Front 4

Which of the following is a form of social behavior in which people behave supportively in the expectation that this behavior will be given in return?

Back 4

reciprocity

Front 5

The school of thought that rejects ethical perfection, taking the position that human affairs will be characterized by flawed behavior and ought to be depicted as they are, not as we might wish them to be, is known as the

Back 5

realist school

Front 6

According to the school of ethical relativism

Back 6

there is no objective way to prove ethical values right or wrong as with scientific facts

Front 7

compensatory damages

Back 7

are payments by a corporation intended to redress concrete losses suffered by injured parties.

Front 8

The tacit underlying values included in a corporate culture are:

Back 8

the silent assumptions which usually cause a deviation from nice-sounding espoused values.

Front 9

Identify the correct statement about a non-prosecution agreement (NPA).

Back 9

It is an agreement in which U.S. attorneys decline prosecution of a corporation that has taken appropriate steps to report a crime, cooperate, and compensate victims.

Front 10

Conduct codes of a corporate generally contain all of the following EXCEPT:

Back 10

corporate strategies.

Front 11

The notion that one should not adopt principles of action unless they can, without inconsistency, be adopted by everyone is the basic tenet of the:

Back 11

categorical imperative

Front 12

According to the conventionalist ethic:

Back 12

business is like a game with permissive ethics and any action that does not violate the law is permitted.

Front 13

"Would I want to see my decision on the front page of "The Wall Street Journal" tomorrow morning?" is a useful guideline for ethical decision-making called the:

Back 13

disclosure rule

Front 14

The doctrine of the golden mean:

Back 14

calls for virtue through moderation.

Front 15

Simply put, this principle is: "Be loyal to the organization."

Back 15

The organization ethic

Front 16

Which principle states that when both good and evil consequences result from a decision, a manager has acted ethically if the good outweighs the evil, if his/her intention is to achieve the good, and if there is no better alternative?

Back 16

The principle of double effect

Front 17

Acting fairly toward others and establishing institutions in which people are subject to rules of fair treatment is a basic principle defined by the

Back 17

theory of justice

Front 18

Which of the following requires that pay raises should be based on objective performance criteria and not on personal relationships

Back 18

Distributive justice

Front 19

Retributive justice requires

Back 19

punishment to be evenhanded and proportionate to transgressions.

Front 20

The four most basic traits of an ethical character were identified by Aristotle as:

Back 20

cardinal virtues

Front 21

Federal system refers to a government

Back 21

in which powers are divided between a central government and subdivision governments

Front 22

Under this system, the Constitution allows the legislature, executive, and the judiciary considerable independence and also gives each of them the power to check and balance the others

Back 22

Separation of powers

Front 23

Which of the following Constitutional amendments protects the right of businesses to organize and press their agenda on the government?

Back 23

The First Amendment

Front 24

Which of the following statements about the Anti-Saloon League is false?

Back 24

Brewers and distillers were the only adversaries of the League.

Front 25

Which of the following amendments to the U.S. Constitution gave women the right to vote?

Back 25

The Nineteenth Amendment

Front 26

A group that represents the political interests of many companies and industries is known as a:

Back 26

peak association

Front 27

Which of the following statements about lobbying is true?

Back 27

It is a process of advocating a position to the government.

Front 28

Lobbyists indulge in _____ lobbying when they cultivate friendly relationships with lawmakers, officials, and staffs rather than presenting a direct case.

Back 28

background

Front 29

A(n) _____ advocacy presents a political view or comment on an electoral race.

Back 29

issue

Front 30

501(c) groups:

Back 30

are allowed to engage in political activity so long as that is not their primary purpose.

Front 31

When one company can supply the entire market for a product at a lower cost than a combination of smaller firms, the company is said to be experiencing a(n):

Back 31

natural monopoly.

Front 32

When a factory dumps toxic waste into a river and the community pays to clean up the mess, the community is said to bearing a(n):

Back 32

externality

Front 33

The part of the U.S. Constitution that gives the federal government the right to regulate business is called the:

Back 33

Commerce Clause

Front 34

The independent regulatory commission is a regulatory agency:

Back 34

run by a small group of commissioners free of political control.

Front 35

During Wave 4, the voluminous buildup of regulations to achieve social objectives existed simultaneously with a _____ movement that focused on removing or streamlining older economic regulations.

Back 35

deregulation

Front 36

The Troubled Asset Relief Program:

Back 36

gives federal regulators power to exchange funds for an ownership interest in banks and corporations.

Front 37

_____ refers to a government activity that guides the behavior of citizens, groups, and corporations to reach economic or social goals.

Back 37

Regulation

Front 38

This is a decree issued by an agency to implement a law passed by Congress.

Back 38

Rule

Front 39

When the draft of a proposed rule is completed, it must be published in the:

Back 39

Federal Register.

Front 40

Guidance is:

Back 40

intended to clarify government regulations

Front 41

Which of the following is not a tier of internationalization?

Back 41

Portfolio investment

Front 42

The transnationality index is:

Back 42

calculated as the average of foreign assets to total assets, foreign sales to total sales, and foreign employment to total employment.

Front 43

Portfolio investment is the

Back 43

purchase of stocks and bonds of a foreign company by individuals or mutual funds

Front 44

International codes of conduct are:

Back 44

aspirational statements of principles, policies, and rules for foreign operations that a multinational corporation voluntarily agrees to follow

Front 45

This is the only comprehensive global code of corporate conduct endorsed by governments

Back 45

The OECD Guidelines for Multinational Enterprises

Front 46

The single most conspicuous effort to promote MNC social responsibility and to harness FDI for economic development is the:

Back 46

Global Compact

Front 47

_____ is the required annual report of a company participating in the Global Compact, which explains how the company is implementing the 10 Global Compact principles

Back 47

Communication on progress

Front 48

The act of a corporation cloaking its lack of social responsibility by insincere membership in the UN Global Compact is known as

Back 48

bluewashing

Front 49

Which of the following acts prohibits extrajudicial killings?

Back 49

The Torture Victim Protection Act

Front 50

This occurs when networks of economic, political, social, military, scientific, or environmental interdependence grow to span worldwide distances

Back 50

Globalization

Front 51

Which of the following is a measure of economic globalization?

Back 51

Trade as a percent of GDP

Front 52

A treaty in which two or more nations agree to reduce eliminate barriers, opening their borders to freer mutual trade, is known as a

Back 52

free trade agreement

Front 53

South America's largest regional trade agreement by trade volume is

Back 53

Mercosur

Front 54

Free trade:

Back 54

is the flow of goods and services across borders unhindered by government-imposed restrictions

Front 55

Which of the following statements about the law of comparative advantage is false

Back 55

It follows that maximum gain on a worldwide basis will be realized if there is no free competition in pricing.

Front 56

Laws that seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services are known as

Back 56

"buy American" laws

Front 57

Which of the following refers to the debasement of integrity for money, position, privilege, or other self-benefit?

Back 57

Corruption

Front 58

Which of the following occurs when a threat of lost business accompanies the solicitation of a bribe?

Back 58

Extortion

Front 59

All of the following observations about the Foreign Corrupt Practices Act (FCPA) are true EXCEPT:

Back 59

it prohibits U.S. companies from operating in business cultures where small bribes are needed to obtain permits or licenses