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