BUS 404 Midterm 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version
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Course
BUS 404
Institution
BUS 404
Which of the following statement's is true of lobbying in the United States? - D: It is an essential
ingredient in big business strategy
Which of the following is an argument put forth by the liberal wing of the Supreme Court in the Citizens
United case? - B: Limiting corporate campaign contribu...
BUS 404 Midterm 1 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version Which of the following statement's is true of lobbying in the United States? - ✔✔D: It is an essential ingredient in big business strategy Which of the following is an argument put forth by the liberal wing of the Supreme Court in the Citizens United case? - ✔✔B: Limiting corporate campaign contributions would violate corporate free speech rights The 501(c) 4 groups are particularly attractive because: - ✔✔A: Contributors' names need not be disclosed Free markets are more efficient decision makers than government rules. Which of the following is a result of the efficient decisions made by free markets? - ✔✔B: Technology is shrinking the globe Which of the following statements is true of large American corporations? - ✔✔B: The colossal size of corporations permits continuing abuse of the American public According to critics, which of the following is the impact of an economic structure that is concentrated? - ✔✔A: Companies and industries are no longer fully responsive to market commands Which of the following statements is true about advertising in schools? - ✔✔A: It is likely to discourage critical thinking Which of the following best describes the historical view of business responsibilities till the first half of the twentieth century? - ✔✔a: Businesses had to assume the affirmative... b: Businesses were expected to give close... C: The duty of businesses was the production and distribution of the best products and services at the lowest possible prices d: The primary duty of businesses was operation... According to the free market view, which of the following is considered the best measure of social responsibility? - ✔✔A: Profit maximization b: Long -term company interest c: Triple bottom line / sustainability d: Social and environmental performance Which of the following falls under the "desired" category of Carroll's social responsibility pyramid? - ✔✔A: Philanthropic responsibilities b: Economic responsibilities c: Legal responsibilities d: Ethical responsibilities Which of the following is a view professed by Nobel prize -winning economist Milton Friedman? - ✔✔a: Socially responsible behavior b: A strong bottom line, in many cases... C: Any dilution of the profit -maximizing mode - such as charitable contributions - is a misuse of the stockholders' resources d: In the environmental domain Which of the following statements is true of shared value advocates? - ✔✔a: They believe that an entrepreneurial... B: They expect businesses to recognize that their goal must be creating shared value rather than profit per se c: They believe that nonprofit... d: They expect businesses to docus on maximization... Which of the following falls under the "expected" category of Carroll's social responsibility pyramid? - ✔✔a: Philanthropic b: Economic c: Legal D: Ethical Which of the following statements is true of Carroll's social responsibility pyramid? - ✔✔a: A company's primary responsibility involves engagement... b: A firm's economic responsibilities should be limited to breaking... C: A company's social responsibility begins with making a profit lawfully d: A socially responsible firm would focus... An organizations that contributes resources to the community and strives to improve the quality of life for the community is most likely fulfilling the discretionary _____ of Caroll's social responsibility pyramid. - ✔✔a: ethical b: legal C: Philanthropic d: economic From a profit maximization point of view, the only responsible and moral course of behavior is to: - ✔✔a: Create shared value b: Use a portion of profits for social benefits C: Reap the highest return possible d: Maximize the interests of all stakeholders... A firm that adopts the triple bottom -line approach: - ✔✔a: Does not follow market principles in its business... b: Believes there is only one social responsibility... c: focuses on the legal and economic responsibilities... D: Considers its social and encironmental responsibilities as important as its financial responsibilities Which of the following best defines the stakeholders of a corporation? - ✔✔a: All those who stand to gain from the corporation's success b: All those who have invested financially... C: All the groups that may significantly affect the corporation's performance or be affected by it d: All those whose livelihood depends...
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