Search
Info
Warning
Danger

Study Resources (Business Management)

  241.__________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell the parent company's product or service to others in a given territory in a specified manner. A. FranchisingB. Contract manufacturingC. Import tradingD. Export trading 242.When a company's strategy is __________ the firm makes.
0 Views
View Answer
  51.An ethic of care is based on principles like justice, fairness, equality, or authority. 52.Employers should proceed cautiously when designing an employee incentive program that rewards employees strictly on increased sales. 53."Do what I say, not what I do" can be an effective code of conduct to instill corporate values. 54.Employees, just like.
0 Views
View Answer
  281.__________ is lowering the value of a nation's currency relative to other currencies. A. RevaluationB. DeflationC. DevaluationD. Negative valuation 282._______ is a complex form of bartering in which several countries may be involved, each trading products and services, for the products and services of another country. A. Venture barteringB. Global monetarismC. CountertradingD. Global counter-exchange 283.Under the floating exchange rate system, the value.
0 Views
View Answer
  101.A social audit is a systematic evaluation of an organization's progress toward implementing programs that are profitable. 102.The green movement has resulted in a positive impact on U.S. jobs. 103."Greenwashed" companies have taken the green movement to the next level. These firms are so green, the U.S. government gives them a special.
0 Views
View Answer
  131.The International Organization for Standardization (ISO) plans to publish a standard on social responsibility called ISO 26000. 132.U.S. businesses consider The Foreign Corrupt Practices Act as legislation that has helped increase their profits abroad. 133.All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad. 134.Due to their.
0 Views
View Answer
  272.Identify and discuss the social responsibilities of a firm, to three of the four stakeholder groups described in your textbook. 273.Provide examples that serve to explain the differences between the following terms: (1) corporate responsibility; (2) corporate social initiatives; (3) corporate philanthropy. Multiple Choice Questions  Mini-CaseHarry, Sirly, and Bo are in the midst.
0 Views
View Answer
  270.Identify the six-step approach to achieve a long-term improvement of business ethics. 271.Identify the three questions that an ethics-based manager should ask when facing a potentially unethical action, and provide an example situation where you would use these questions to evaluate a decision.     .
0 Views
View Answer
  201.In the past, whistleblowers were known as persons with a universal moral calling.  However, seldom did these individuals receive tangible rewards for their efforts.  When it was all said and done, they often fell into hard times.  Whistleblowers got a boost in 2010, with the passage of the Dodd-Frank Wall.
0 Views
View Answer
  251.A specialized organization that assists businesses in creating relationships with foreign customers and suppliers is known as a(n): A. export trading company.B. international brokerage house.C. keiretsu.D. global trade bank. 252.A benefit of contracting with export trading companies is: A. They are the experts in establishing trading partners abroad, and negotiating all the details in retaining customers.B. They are experts.
0 Views
View Answer
  211.We describe charitable donations by corporations to nonprofit organizations as __________. A. corporate philanthropyB. corporate responsibilityC. corporate strategyD. structural commitment 212.The position a firm takes on issues that affect the corporation as well as society is known as its: A. political philanthropy.B. corporate policy.C. target posturing.D. structural positioning. 213.In recent years, progressive firms have embarked upon ____________, where they will commit company.
0 Views
View Answer
  171.An ethical dilemma refers to a situation where you must: A. treat someone unfairly.B. choose between equally unsatisfactory alternatives.C. choose between a correct and an incorrect option.D. balance the concerns of profit and legality. 172.A U.S. government official has indicated that for a generous contribution to his reelection fund, he would ignore your firm's apparent violation.
0 Views
View Answer
  141.Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize, for her city boutique. Due to low paying wages in Belize, the supplier has promised an excellent wholesale price for these goods. You concur with Olivia when she explains to you that international business.
0 Views
View Answer
  311.________ tariffs are designed to raise money for the government. A. RegulatoryB. RevenueC. PriceD. Profit 312.In an effort to protect domestic jobs, some countries will place a limit on the number of certain types of products that can be imported. These limits are called: A. revenue tariffs.B. protective tariffs.C. import quotas.D. tariffs. 313.A(n) __________ refers to a complete ban on importing or.
0 Views
View Answer
    Multiple Choice Questions  Mini-CaseSince he was five years old, Rhett Tenna struggled with poor eyesight. He suffered through all the names that went along with wearing eyeglasses for most of his young life. Rhett eventually switched from traditional eyeglasses to contact lens, but he always wondered why glasses were considered to.
0 Views
View Answer
  241.One problem with conducting a social audit is: A. that most businesses are really not very concerned with these issues.B. how to determine what should be measured and how to calculate the effect on society.C. that the primary focus of management is on the interests of stakeholders.D. governmental "red-tape." 242.The social audit is: A. a company report that.
0 Views
View Answer
  331.Denmark requires foreign companies that sell butter in Denmark to sell it in cubes, not tubs. This type of requirement is known as a: A. protective tariff.B. revenue tariff.C. quota.D. nontariff barrier. 332.Responding to pressure from political lobbyists representing the U.S. steel industry, the U.S. government levies a tax on steel products imported from Europe. This.
0 Views
View Answer
  291.In order to level the playing field in trade between the U.S. and China, U.S. policymakers have called upon China’s government to allow the Yuan (China’s currency) to float freely, as other world currencies.  Through government regulation, China maintains an undervalued currency, which results in: A. More buying power for Chinese consumers.
0 Views
View Answer
  231.When it comes to social responsibility, some people feel that "before you can do good, you must do well." This reflects a firm's primary responsibility to its: A. customers.B. investors.C. employees.D. community. 232.Some critics of corporate social responsibility view spending money on CSR as: A. a necessary evil.B. stealing from investors.C. important for America.D. moving toward capitalism. 233.Which of the following people.
0 Views
View Answer
  181.Creating competition between employees within the corporation: A. can encourage employees to deceive customers.B. should focus on improving corporate profit.C. must be ignored when corporate ethics are developed.D. can bring out the best in employees. 182.Following an ethics-based approach to decision making will normally lead to higher: A. profits.B. trust and cooperation.C. prices.D. employee turnover. 183.Following an ethics-based approach to decision making.
0 Views
View Answer
  271.ExxonMobil Corporation refines and markets its petroleum products in many different nations. In addition, Exxon's stockholders and managers come from many different nations. If some of the nations where it operates decided to take over the assets of the company, this act would constitute: A. patent infringement.B. expropriation.C. illegal activity.D. hostile takeover. 272.An article published in.
0 Views
View Answer
  221.Insider trading involves: A. an Internet activity that establishes a barter exchange system between businesses.B. investors using private company information to further their own fortunes.C. the exchange of assets between companies in the same industry.D. a payment or reward for socially conscious behavior. 222.If a business fails to meet its responsibilities to its employees, which of.
0 Views
View Answer
  21.A common form of cheating in schools today is plagiarizing material from the Internet. 22.Making ethical choices is always easy. 23.Two recent studies found a strong correlation between academic dishonesty among undergraduates and dishonesty at work. 24.The question "Is it legal?" establishes ethical behavior. 25.It can be very difficult to maintain a balance between.
0 Views
View Answer
  71.Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting these on the back-burner, waiting for more convenient moments to address them. 72.America's business ethics can improve simply by requiring written.
0 Views
View Answer
  121.Recently, a large insurance company in the Midwest made a public commitment toward corporate philanthropy when it dedicated 3% of its profits toward the cultural and environmental concerns of the large metropolitan area that houses its corporate headquarters. The CEO stated, "In honor of several hundred employees that come to.
0 Views
View Answer
  161.When Angela graduated with a degree in computer science and started her software company, she posted a sign that read, "This company will always operate within the legal limits of the law." Posted where all employees could clearly see it each day, this demonstrated: A. Her commitment to high ethical standards of.
0 Views
View Answer
  301.Hennessy Hardware, a U.S. retailer, buys much of its inventory from Asian countries. Hennessy Hardware would benefit if the value of the dollar ________ relative to the currencies of the countries from which Hennessy imports. A. roseB. fellC. remained constantD. floated unpredictably 302.Jake's family business sells and installs tile in bathrooms and kitchens. He is convinced.
0 Views
View Answer
  111.Opponents of CSR (Corporate Social Responsibility) argue that firms who use their profits to promote social causes are not being fair to investors who provided the funds for the purpose of financial gain. 112.A corporate policy should never make a value statement about the environment or other social and political issues,.
0 Views
View Answer
True / False Questions  1.The Enron scandal illustrates the difference between unethical behavior and illegal behavior. 2.Ethical behavior requires more than following the law. 3.Legal behavior and ethical behavior are basically the same. 4.A society gets into trouble when people consider only what is illegal and not also what is ethical or unethical. 5.Ethical behavior.
2 Views
View Answer
  191.A(n) ________-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees. A. socialB. corporate responsibilityC. complianceD. integrity 192.Compliance-based ethics codes: A. conform to laws and regulations.B. enable responsible employee conduct.C. use education, leadership, and accountability to reinforce the code.D. create a "do-it-right" climate that emphasizes core values. 193.To improve America's business ethics: A. Congress must pass an ethics.
0 Views
View Answer
  151.Laws represent the standards of ________ behavior. A. ethicalB. legalC. moralD. socially responsible 152.Ethical behavior covers a ________ range of conduct than legal behavior. A. widerB. more limitedC. smallerD. less demanding 153.Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of: A. Situational ethics.B. Moral absolutes.C. The Golden Rule.D. New age realism. 154.Considering the potential.
0 Views
View Answer
  31.Business behavior determines the ethics of society. We can improve society's moral and ethical behavior by first making a commitment to improving business's moral and ethical behavior. 32.Utilizing the phrase "the ends justify the means" as a corporate value system can negatively impact company morale and competitiveness. 33.Barney extends his lunch break.
0 Views
View Answer
    Essay Questions  268.Explain the difference between a compliance-based ethics code and an integrity-based ethics code. 269.Identify and discuss the five types of groups that serve as "watchdogs" regarding how well companies enforce their ethical and social responsibility policies.     .
0 Views
View Answer
  221.An important principle for firms desiring to export is: A. sell to countries with high standards of living.B. keep in mind that American methods are probably always best.C. find a need in the global market and fill it.D. if your product sells well in the U.S. it will sell well globally. 222.As a business strategy, the.
0 Views
View Answer
  355.Explain and provide at least one example of how socio-cultural differences can create trade difficulties in world markets. 356.Explain and provide at least one example of how legal and regulatory forces impede global trade. 357.Define offshore outsourcing and explain its pros and cons.       .
0 Views
View Answer
  31.A limited partnership consists of one or more general partners and one or more limited partners. 32.Although shares of master limited partnerships can be purchased on one of the national stock exchanges, these companies are taxed like partnerships. 33.The Uniform Partnership Act is law in every state except Louisiana. 34.According to the Uniform.
0 Views
View Answer
  321.CAFTA consists of: A. A free trade agreement with Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua., and the U.S.B. A free trade agreement between Canada and America.C. A free trade agreement between China and Australia, still under negotiation to adopt New Zealand into the agreement.D. A free trade agreement between the coastal.
0 Views
View Answer
  61.Businesses with a formal code of ethics are less common now than in the past. 62.Compliance-based ethics codes focus on preventing unlawful behavior by increasing control and by penalizing wrongdoers. 63.In order to be successful, efforts to improve the ethical behavior of businesses must begin with top management's support of a corporate.
0 Views
View Answer
  261.The Dabble Corporation wants to begin exporting its products. The company needs advice about how to get started, as well as trade-finance support. The federal government has established _____________ to help companies like Dabble Corporation. A. the World Trade CommissionB. Export Assistance CentersC. export trading companiesD. Federal Reserve Banks 262.The Quinoa seed is in high demand.
0 Views
View Answer
  251.Idle Time Gaming, Inc., would like its employees, customers, and the general public to be aware of the activities and programs it has achieved for the community over the past year. The company might consider performing a: A. contributory analysis.B. responsibility review.C. social audit.D. annual payment report. 252.Several outside groups regularly monitor the activities of Metro.
0 Views
View Answer
  91.Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity towards the environment. 92."Fair disclosure" refers to a Securities and Exchange Commission rule that states when a publicly traded firm discloses information, it must share it with everyone. 93.Insider trading occurs when employees.
0 Views
View Answer
  261.The Foreign Corrupt Practices Act deals with: A. prison labor involved in international trade.B. high seas piracy that has had a resurgence in the past five years.C. bribery to obtain business.D. product safety concerns such as the dog food scare of 2008. 262.International issues of social responsibility and ethical behavior are: A. the result of greed found in.
0 Views
View Answer
  11.Laws that protect us from fraud, theft and violence determine ethical behavior. 12.Moral behavior refers to behavior that is accepted by society as right versus wrong. 13.Ethical behavior focuses on treating others fairly.   14.Making accounting records more transparent may help restore trust in the free-market system and leaders in general. 15.Punishing business leaders who.
0 Views
View Answer
  41.Management can create an environment in which unethical behavior can develop. 42.Corporate values, like personal values, are learned by observing what others do. 43.Effective corporate values start with employees and develop throughout the organization to include top management. 44.In order to maintain a good reputation, it is good strategy to manage your business.
0 Views
View Answer
  21.Unlike partnerships, if sole proprietorships find themselves in bankruptcy, they need not worry about a court of law requiring them to sell-off personal assets to pay for the debts of the firm. 22.Eric wants to start a business. He is attracted to the idea of being his own boss, and wants.
0 Views
View Answer
True / False Questions  1.The corporation is the most common form of business ownership. 2.The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corporations. 3.Few people today start their own business. 4.Once a business is established, it's almost impossible to change from one form of business ownership to.
1 Views
View Answer
  11.The profits of a sole proprietorship are taxed as the personal income of the owner. 12.The sole proprietorship form of ownership tends to be attractive to people who want to invest in a company without taking an active role in management. 13.A major advantage of sole proprietorships is that an owner has.
0 Views
View Answer
  341.Global trade with China is: A. too risky and not worth the effort.B. illegal based on World Trade Organization (WTO) rulings.C. an emerging business opportunity for several companies.D. dependent upon the success of multinational corporations. 342.358. (p. 80) Many business experts contend that __________ will likely be the growth market of the future. A. AsiaB. AfricaC. South AmericaD. the Middle East 343.The "second wave" of.
0 Views
View Answer
  231.The nation of Redland reported that its imports for the previous year were $4 billion greater than its exports. During the same period, Redland reported a favorable balance of payments. This information suggests: A. Redland has made an error in their reporting. The nation must have had a balance of payments deficit.
0 Views
View Answer
  81.A charitable donation contributed by a corporation is an example of corporate philanthropy. 82.Business issues such as minority hiring practices and pollution control fall under the umbrella of corporate responsibility. 83.As a show of corporate responsibility to your customers, your firm may elect to provide more information regarding your product than the.
0 Views
View Answer