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99) Which of the following not a recognized theory of

Question : 99) Which of the following not a recognized theory of : 1851770

99) Which of the following is not a recognized theory of the social responsibility of business?

A) maximize profits

B) moral minimum

C) stakeholder interest

D) corporate partisanship

E) corporate citizenship

100) Which of the following is true regarding the Sarbanes-Oxley Act?

A) The Sarbanes-Oxley Act was repealed after the onslaught of corporate scandals in the 2000s.

B) The Sarbanes-Oxley Act applies only to law firms, requiring that they act ethically.

C) The Sarbanes-Oxley Act applies only to accounting firms, requiring that they act ethically.

D) The Sarbanes-Oxley Act requires that public companies disclose whether a code of ethics has been adopted for senior financial officers, including its principal financial officer and principal accounting officer.

E) The Sarbarnes-Oxley Act applies only to private companies, requiring them to adapt a Code of Ethics.

101) Which theory of social responsibility contends that a business owes only one responsibility, and that is to produce the highest return for its shareholders?

A) moral minimum

B) maximize profits

C) stakeholder interest

D) corporate citizenship

E) corporate interest

102) ________, who won the Nobel Prize in economics when he taught at the University of Chicago, advocated the theory of maximizing profits for shareholders.

A) Benjamin Stein

B) Milton Friedman

C) John Maynard Keynes

D) Adam Smith

E) Arthur Laffer

103) In the case in which Wal-Mart was sued by Samara Brothers under the Lanham Act for selling knockoff clothes designed by Samara Brothers, what did the Supreme Court rule?

A) that a producer such as Samara must show that the allegedly infringing feature is likely to cause confusion with the product for which protection is sought

B) that in an action for infringement of unregistered trade dress, a product's design is protectable only upon a showing of secondary meaning

C) that in an action for infringement of unregistered trade dress, a product's design is protectable without a showing of secondary meaning

D) that a producer such as Samara is not required to show that the allegedly infringing feature is likely to cause confusion with the product for which protection is sought

E) that a producer such as Samara must show that the allegedly infringing feature is likely to cause confusion with the product for which protection is sought, and that in an action for infringement of unregistered trade dress, a product's design is protectable only upon a showing of secondary meaning

104) Which of the following actions is/are consistent with the "maximizing profits" theory of the social responsibility of business?

A) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses

B) raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase

C) raising wages to avoid a strike that would cost more than the increased costs of the wage increase

D) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase

E) raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase

105) Some proponents of corporate social responsibility argue that a corporation's duty is to make a profit while avoiding causing harm to others. This theory of social responsibility is called the moral ________.

A) compass

B) minimum

C) maximum

D) equanimity

E) mandate

106) It could be argued that the most ethical companies that do the best for society follow parts of which of the following theories?

A) maximizing profits and moral minimum

B) moral minimum and stakeholder interest

C) stakeholder interests and maximizing profits

D) corporate citizenship and maximizing profits

E) moral minimum and corporate citizenship

107) Which theory of business social responsibility holds that a business owes duties to its various constituencies such as customers and employees in addition to its shareholders?

A) moral minimum

B) maximizing profits

C) stakeholder interest

D) corporate citizenship

E) moral maximum

108) The theory of business social responsibility that holds that a business has a duty to generally do good for society is:

A) moral minimum.

B) maximizing profits.

C) stakeholder interest.

D) corporate citizenship.

E) moral maximum.

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