BUSN150 Final Exam
BUSN150 – Final Exam
1. Which of the following theories has been contended to be most effective when dealing with issues on downsizing within an organization?
a. Social contract model of CSR.
b. Corporate citizenship model of CSR.
c. Enlightened self-interest model of CSR.
d. Individual sense model of CSR.
2. Since employers cannot be responsible for providing an ideally safe and healthy place, discussions about these factors revolve around
a. the tangible risks faced by the employees.
b. the relative risks faced by the workers.
c. the relative cost of health coverage for the organization.
d. the optimum security against workplace risk chart.
3. Which among the following approaches to health and safety at the workplace would be considered …show more content…
paternalistic in decision-making?
a. Health and safety as government-regulated ethics.
b. Health and safety as ideals.
c. Health and safety as acceptable risk.
d. Health and safety as market controlled.
4. The threat of compensation acts as an incentive for employers to maintain a reasonably safe and healthy workplace environment most in the situation where the approach to
a. health and safety is as acceptable risk.
b. health and safety is as an ideal.
c. health and safety is government-regulated ethics.
d. health and safety is market controlled.
5. The enlightened self-interest model of CSR would be a valuable theory to introduce and apply to which among the following approaches to workplace safety and health?
a. Health and safety as market controlled.
b. Health and safety as ideals.
c. Health and safety as acceptable risk.
d. Health and safety as government-regulated ethics.
6. Which among the following approaches to workplace safety and health requires the birth of a child with serious birth defects to ensure that the same circumstance does not repeat?
a. Health and safety as ideals.
b. Health and safety as acceptable risk.
c. Health and safety as market controlled.
d. Health and safety as government-regulated ethics.
7. In the government-regulated ethics approach to workplace health and safety, _____ can be applied to overcome market failures that result from the lack of information.
a. experience
b. standards
c. ethics
d. creativity
8. According to which among the following techniques, would OSHA be persuaded to aim for an optimal, and not, the highest feasible, level of safety?
a. Risk assessment analysis
b. Cost utility analysis
c. Cost affectivity analysis
d. Cost benefit analysis
9. Identify the distinguishing feature between cost-benefit analysis, and cost-effectiveness.
a. Cost-effectiveness is a longer procedure to implement.
b. Cost-effectiveness uses ethical criteria before setting the standards.
c. Cost-benefit analysis uses economic criteria in setting the standards.
d.
Cost-effectiveness uses economic criteria before setting the standards.
10. Which among the following industries use cost-benefit analysis while treating health and safety as an instrumental value common?
a. Financial industry
b. Insurance industry
c. Automotive industry
d. Marine industry
11. Why has the U.S. Department of Commerce negotiated a ‘Safe Harbor exception'?
a. U.S. needed to qualify as having adequate protection as per the EU directive on personal data protection.
b. Because it's naval fleet is the best in the world.
c. U.S. wants to collaborate with EU's free market profits.
d. The law requires that all imports meet the Safe Harbor standards.
12. New technology does not necessarily impact our _____, but instead simply provides new ways to gather information on which to base them.
a. moral obligations
b. value judgments
c. responsibilities
d. ethical perspectives
13. If one's personal information on e-mails is respected as property, using the example of Google, it can be said that
a. Google scans users' e-mails with their consent.
b. users are aware that personalized advertisements are possible only through scanning.
c. e-mails are not considered as
property.
d. Google uses individual property rights without consent.
14. Keeping the example of Google provided in the text, it is understood that notwithstanding even _____, people are simply not comfortable with an involuntary loss of control over their personal decisions.
a. legal contexts
b. reasonable justification
c. creative needs
d. public consent
15. According to Antonio Argandona, which of the following would include issues relating to company secrets, espionage, and intelligence gathering?
a. Truthfulness and accuracy
b. Respect for property and safety rights
c. Respect for privacy
d. Accountability
16. According to the text, in general, technology allows us all of the following except
a. access to information that was never before possible.
b. to work from almost anywhere on this planet.
c. a facelessness that results from its usage.
d. to be careful with our communications.
17. All of the following are methods of managing human resources through monitoring except
a. to ensure compliance with affirmative action requirements.
b. to ensure the avoidance of reverse discrimination suits.
c. to prevent loss of productivity to inappropriate technology use.
d. to administer workplace benefits.
18. The idea that the definition of ‘should have known' expanding to include an expectation of monitoring is attributed to businesses
a. protecting proprietary information and guarding against thefts.
b. protecting their investment in equipment and bandwidth.
c. protecting against legal liability.
d. administering workplace benefits.
19. On the topic of limiting monitoring for business reasons, the creation of a suspicious and hostile work environment have been attributed to
a. reduction in employee autonomy and respect.
b. low levels of transparency within the organization.
c. lack of affirmative action within an organization.
d. legislature requirements.
20. One of the drawbacks associated with prior intimation of monitoring to the employees results in
a. the ‘Hawthorne Effect'.
b. the ‘Placebo Effect'.
c. the ‘Halo Effect'.
d. the ‘Experimenter Effects'.
21. The American Marketing Association defines marketing as "an organizational function and a set of processes for creating, communicating, and delivering _____ to customers and for managing customer relationships in ways that benefit the organization and its stakeholders."
a. value
b. quality
c. technology
d. the best deals
22. What might a producer do while considering lost production that results from a trip to the market?
a. Have a sale for the product
b. Increase advertising of the product
c. Increase the price of the products
d. Hire a retailer for the product
23. Which among the following is not part of the "Four Ps" of marketing?
a. Product
b. Promotion
c. Planning
d. Placement
24. The simple situation in which two parties come together and freely agree to an exchange is _____ ethically legitimate.
a. autonomously
b. prima facie
c. legitimately
d. mutually
25. The situation in which two parties come together freely for an exchange, is considered as upholding fundamental principles, according to which of the following ethical frameworks?
a. Deontological ethical framework
b. Utilitarian ethical framework
c. Virtue ethics ethical framework
d. Social justice ethical framework
26. Which among the following is not a condition to be adhered to ensure that a willing exchange between two parties is ethically legitimate?
a. Degree to which participants are respected as free, autonomous beings, and not a means to an end.
b. Degree to which the transaction provided actual, as opposed to merely apparent benefits.
c. What other values might be at stake in the transaction.
d. Degree to which both parties are providing a benefit other than to themselves.
27. Identify which is not a factor of consideration while understanding the concept of ‘freedom' to make a choice.
a. Degree of voluntariness
b. Anxiety and stress
c. Length of warranty
d. Vulnerable populations
28. Which among the following professions entails the highest probability of consumers being consenting, but not informed?
a. Insurance
b. Healthcare
c. Automobiles
d. Law
29. Which among the following is indicative of the ethical concern over alleged benefits obtained through market exchanges?
a. An informed shopping decision
b. Internet shopping
c. Impulse buying
d. Advertising
30. A condition that leads to greater consumption leading to greater unhappiness is called _____.
a. circularity model
b. binge shopping
c. affluenza
d. splurge happiness
31. Before the passage of governmental regulations regarding environmental issues, according to _____, only those individuals with proof of harm through pollution could raise legal challenges pollution.
a. contractual law
b. market requirements
c. common consensus
d. tort law
32. All of the following are inadequacies associated with Norman Bowie's view of corporate social and environmental responsibility except that
a. it underestimates the influence business has in establishing the law.
b. it contends that environmental protection will extend further than legal jurisdictions.
c. it underestimates the ability of business to influence consumer choice.
d. it assumes that economic growth is environmentally and ethically benign.
33. Advertising is a $200 billion a year industry in the United States alone. What does this prove?
a. Business can influence the establishment of the law.
b. Environmental protection extends only as far as the law extends.
c. Business can influence consumer choice.
d. Economic growth is environmentally and ethically benign.
34. The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the
a. Tripartite Goals.
b. three pillars of sustainability.
c. Three Pronged charter.
d. shoulder of sustainability.
35. _____ explains the nature of economic transactions in the terms of a flow of resources from businesses to households and back again.
a. Circular flow model
b. The three pillars of sustainability
c. Triple Bottom Line
d. Bilinear model
36. One aspect of the circular flow model does not differentiate natural resources from other factors of production. Thus it
a. does not respect that resources can be sold.
b. means that resources are not infinite.
c. does not explain the origin of resources.
d. thus it means that households cannot own these resources.
37. All of the following are characteristics of the circular flow model except
a. that to keep up with population growth, the economy must grow.
b. that to provide higher standards of living, the economy must grow.
c. that to alleviate poverty, hunger, and disease, economy must grow.
d. that the economy is not a solution to all social ills and is finite in its ability to grow.
38. According to Daly, the emphasis of economic growth as the goal of economic policy will inevitably fail unless it is realized that
a. the population of the world needs to be controlled.
b. the economy is a subsystem within earth's biosphere.
c. resources are infinite.
d. efficient markets need to be stabilized to ensure higher economic returns.
39. According to Daly, an economic system needs to be able to _____ not only the by-products of the production process, but also the products themselves.
a. recycle or re-use
b. design
c. monitor
d. patent
40. According to the sustainable model, entropy increased within a closed space implies that
a. the amount of re-usable products decreases with increase in production.
b. the economy exists within a finite biosphere.
c. wastes are not produced at each stage of economic activity.
d. the amount of usable energy decreases over time.
41. Many analysts contend that the rampant corruption in financial institutions is evidence of a complete failure
a. of the objective of the company.
b. of the social ethical structure.
c. of the venture capitalist industry.
d. in the corporate governance structure.
42. The events that led to Enron's demise brought into focus the necessity of the _____ and the responsibility of auditors as never before.
a. confluence of principles
b. integration of auditors
c. independence of auditors
d. autonomous governance
43. All of the following are universal characteristics of a market except that
a. they must function within the law.
b. they must adhere to corporate social responsibility norms.
c. they must assume full information.
d. they must be free from fraud and deception.
44. All of these functions can assume the roles of a gatekeeper except
a. engineers.
b. auditors.
c. accountants.
d. financial analysts.
45. Which among the following verify a company's financial statements so that investors' decisions are free from fraud and deception?
a. Auditors
b. Attorneys
c. Analysts
d. Accountants
46. Which among the following evaluate a company's financial prospects or creditworthiness, so that banks and investors can make informed decisions?
a. Accountants
b. Attorneys
c. Auditors
d. Analysts
47. Which among the following are responsible for ensuring that decisions and transactions conform to the law?
a. Accountants
b. Board of directors
c. Auditors
d. Analysts
48. A conflict of interest exists where a person holds a position of _____ that requires that she or he exercise judgment on behalf of others, but where her or his personal interests and/or obligations conflict with those of others.
a. responsibility
b. expertise
c. trust
d. knowledge
49. When professionals have a professional and ethical obligation to their clients, duties that override their own personal interests, they are said to have
a. responsibilities.
b. distribution rights.
c. creditor claims.
d. fiduciary duties.
50. Certified public accountants who have a professional responsibility to the public, work for clients whose financial interests are not always served by full, accurate, and independent _____.
a. overseeing committees.
b. disclosure of financial information.
c. board of directors.
d. employees.
1. Which of the following theories has been contended to be most effective when dealing with issues on downsizing within an organization?
a. Social contract model of CSR.
b. Corporate citizenship model of CSR.
c. Enlightened self-interest model of CSR.
d. Individual sense model of CSR.
2. Since employers cannot be responsible for providing an ideally safe and healthy place, discussions about these factors revolve around
a. the tangible risks faced by the employees.
b. the relative risks faced by the workers.
c. the relative cost of health coverage for the organization.
d. the optimum security against workplace risk chart.
3. Which among the following approaches to health and safety at the workplace would be considered …show more content…
paternalistic in decision-making?
a. Health and safety as government-regulated ethics.
b. Health and safety as ideals.
c. Health and safety as acceptable risk.
d. Health and safety as market controlled.
4. The threat of compensation acts as an incentive for employers to maintain a reasonably safe and healthy workplace environment most in the situation where the approach to
a. health and safety is as acceptable risk.
b. health and safety is as an ideal.
c. health and safety is government-regulated ethics.
d. health and safety is market controlled.
5. The enlightened self-interest model of CSR would be a valuable theory to introduce and apply to which among the following approaches to workplace safety and health?
a. Health and safety as market controlled.
b. Health and safety as ideals.
c. Health and safety as acceptable risk.
d. Health and safety as government-regulated ethics.
6. Which among the following approaches to workplace safety and health requires the birth of a child with serious birth defects to ensure that the same circumstance does not repeat?
a. Health and safety as ideals.
b. Health and safety as acceptable risk.
c. Health and safety as market controlled.
d. Health and safety as government-regulated ethics.
7. In the government-regulated ethics approach to workplace health and safety, _____ can be applied to overcome market failures that result from the lack of information.
a. experience
b. standards
c. ethics
d. creativity
8. According to which among the following techniques, would OSHA be persuaded to aim for an optimal, and not, the highest feasible, level of safety?
a. Risk assessment analysis
b. Cost utility analysis
c. Cost affectivity analysis
d. Cost benefit analysis
9. Identify the distinguishing feature between cost-benefit analysis, and cost-effectiveness.
a. Cost-effectiveness is a longer procedure to implement.
b. Cost-effectiveness uses ethical criteria before setting the standards.
c. Cost-benefit analysis uses economic criteria in setting the standards.
d.
Cost-effectiveness uses economic criteria before setting the standards.
10. Which among the following industries use cost-benefit analysis while treating health and safety as an instrumental value common?
a. Financial industry
b. Insurance industry
c. Automotive industry
d. Marine industry
11. Why has the U.S. Department of Commerce negotiated a ‘Safe Harbor exception'?
a. U.S. needed to qualify as having adequate protection as per the EU directive on personal data protection.
b. Because it's naval fleet is the best in the world.
c. U.S. wants to collaborate with EU's free market profits.
d. The law requires that all imports meet the Safe Harbor standards.
12. New technology does not necessarily impact our _____, but instead simply provides new ways to gather information on which to base them.
a. moral obligations
b. value judgments
c. responsibilities
d. ethical perspectives
13. If one's personal information on e-mails is respected as property, using the example of Google, it can be said that
a. Google scans users' e-mails with their consent.
b. users are aware that personalized advertisements are possible only through scanning.
c. e-mails are not considered as
property.
d. Google uses individual property rights without consent.
14. Keeping the example of Google provided in the text, it is understood that notwithstanding even _____, people are simply not comfortable with an involuntary loss of control over their personal decisions.
a. legal contexts
b. reasonable justification
c. creative needs
d. public consent
15. According to Antonio Argandona, which of the following would include issues relating to company secrets, espionage, and intelligence gathering?
a. Truthfulness and accuracy
b. Respect for property and safety rights
c. Respect for privacy
d. Accountability
16. According to the text, in general, technology allows us all of the following except
a. access to information that was never before possible.
b. to work from almost anywhere on this planet.
c. a facelessness that results from its usage.
d. to be careful with our communications.
17. All of the following are methods of managing human resources through monitoring except
a. to ensure compliance with affirmative action requirements.
b. to ensure the avoidance of reverse discrimination suits.
c. to prevent loss of productivity to inappropriate technology use.
d. to administer workplace benefits.
18. The idea that the definition of ‘should have known' expanding to include an expectation of monitoring is attributed to businesses
a. protecting proprietary information and guarding against thefts.
b. protecting their investment in equipment and bandwidth.
c. protecting against legal liability.
d. administering workplace benefits.
19. On the topic of limiting monitoring for business reasons, the creation of a suspicious and hostile work environment have been attributed to
a. reduction in employee autonomy and respect.
b. low levels of transparency within the organization.
c. lack of affirmative action within an organization.
d. legislature requirements.
20. One of the drawbacks associated with prior intimation of monitoring to the employees results in
a. the ‘Hawthorne Effect'.
b. the ‘Placebo Effect'.
c. the ‘Halo Effect'.
d. the ‘Experimenter Effects'.
21. The American Marketing Association defines marketing as "an organizational function and a set of processes for creating, communicating, and delivering _____ to customers and for managing customer relationships in ways that benefit the organization and its stakeholders."
a. value
b. quality
c. technology
d. the best deals
22. What might a producer do while considering lost production that results from a trip to the market?
a. Have a sale for the product
b. Increase advertising of the product
c. Increase the price of the products
d. Hire a retailer for the product
23. Which among the following is not part of the "Four Ps" of marketing?
a. Product
b. Promotion
c. Planning
d. Placement
24. The simple situation in which two parties come together and freely agree to an exchange is _____ ethically legitimate.
a. autonomously
b. prima facie
c. legitimately
d. mutually
25. The situation in which two parties come together freely for an exchange, is considered as upholding fundamental principles, according to which of the following ethical frameworks?
a. Deontological ethical framework
b. Utilitarian ethical framework
c. Virtue ethics ethical framework
d. Social justice ethical framework
26. Which among the following is not a condition to be adhered to ensure that a willing exchange between two parties is ethically legitimate?
a. Degree to which participants are respected as free, autonomous beings, and not a means to an end.
b. Degree to which the transaction provided actual, as opposed to merely apparent benefits.
c. What other values might be at stake in the transaction.
d. Degree to which both parties are providing a benefit other than to themselves.
27. Identify which is not a factor of consideration while understanding the concept of ‘freedom' to make a choice.
a. Degree of voluntariness
b. Anxiety and stress
c. Length of warranty
d. Vulnerable populations
28. Which among the following professions entails the highest probability of consumers being consenting, but not informed?
a. Insurance
b. Healthcare
c. Automobiles
d. Law
29. Which among the following is indicative of the ethical concern over alleged benefits obtained through market exchanges?
a. An informed shopping decision
b. Internet shopping
c. Impulse buying
d. Advertising
30. A condition that leads to greater consumption leading to greater unhappiness is called _____.
a. circularity model
b. binge shopping
c. affluenza
d. splurge happiness
31. Before the passage of governmental regulations regarding environmental issues, according to _____, only those individuals with proof of harm through pollution could raise legal challenges pollution.
a. contractual law
b. market requirements
c. common consensus
d. tort law
32. All of the following are inadequacies associated with Norman Bowie's view of corporate social and environmental responsibility except that
a. it underestimates the influence business has in establishing the law.
b. it contends that environmental protection will extend further than legal jurisdictions.
c. it underestimates the ability of business to influence consumer choice.
d. it assumes that economic growth is environmentally and ethically benign.
33. Advertising is a $200 billion a year industry in the United States alone. What does this prove?
a. Business can influence the establishment of the law.
b. Environmental protection extends only as far as the law extends.
c. Business can influence consumer choice.
d. Economic growth is environmentally and ethically benign.
34. The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the
a. Tripartite Goals.
b. three pillars of sustainability.
c. Three Pronged charter.
d. shoulder of sustainability.
35. _____ explains the nature of economic transactions in the terms of a flow of resources from businesses to households and back again.
a. Circular flow model
b. The three pillars of sustainability
c. Triple Bottom Line
d. Bilinear model
36. One aspect of the circular flow model does not differentiate natural resources from other factors of production. Thus it
a. does not respect that resources can be sold.
b. means that resources are not infinite.
c. does not explain the origin of resources.
d. thus it means that households cannot own these resources.
37. All of the following are characteristics of the circular flow model except
a. that to keep up with population growth, the economy must grow.
b. that to provide higher standards of living, the economy must grow.
c. that to alleviate poverty, hunger, and disease, economy must grow.
d. that the economy is not a solution to all social ills and is finite in its ability to grow.
38. According to Daly, the emphasis of economic growth as the goal of economic policy will inevitably fail unless it is realized that
a. the population of the world needs to be controlled.
b. the economy is a subsystem within earth's biosphere.
c. resources are infinite.
d. efficient markets need to be stabilized to ensure higher economic returns.
39. According to Daly, an economic system needs to be able to _____ not only the by-products of the production process, but also the products themselves.
a. recycle or re-use
b. design
c. monitor
d. patent
40. According to the sustainable model, entropy increased within a closed space implies that
a. the amount of re-usable products decreases with increase in production.
b. the economy exists within a finite biosphere.
c. wastes are not produced at each stage of economic activity.
d. the amount of usable energy decreases over time.
41. Many analysts contend that the rampant corruption in financial institutions is evidence of a complete failure
a. of the objective of the company.
b. of the social ethical structure.
c. of the venture capitalist industry.
d. in the corporate governance structure.
42. The events that led to Enron's demise brought into focus the necessity of the _____ and the responsibility of auditors as never before.
a. confluence of principles
b. integration of auditors
c. independence of auditors
d. autonomous governance
43. All of the following are universal characteristics of a market except that
a. they must function within the law.
b. they must adhere to corporate social responsibility norms.
c. they must assume full information.
d. they must be free from fraud and deception.
44. All of these functions can assume the roles of a gatekeeper except
a. engineers.
b. auditors.
c. accountants.
d. financial analysts.
45. Which among the following verify a company's financial statements so that investors' decisions are free from fraud and deception?
a. Auditors
b. Attorneys
c. Analysts
d. Accountants
46. Which among the following evaluate a company's financial prospects or creditworthiness, so that banks and investors can make informed decisions?
a. Accountants
b. Attorneys
c. Auditors
d. Analysts
47. Which among the following are responsible for ensuring that decisions and transactions conform to the law?
a. Accountants
b. Board of directors
c. Auditors
d. Analysts
48. A conflict of interest exists where a person holds a position of _____ that requires that she or he exercise judgment on behalf of others, but where her or his personal interests and/or obligations conflict with those of others.
a. responsibility
b. expertise
c. trust
d. knowledge
49. When professionals have a professional and ethical obligation to their clients, duties that override their own personal interests, they are said to have
a. responsibilities.
b. distribution rights.
c. creditor claims.
d. fiduciary duties.
50. Certified public accountants who have a professional responsibility to the public, work for clients whose financial interests are not always served by full, accurate, and independent _____.
a. overseeing committees.
b. disclosure of financial information.
c. board of directors.
d. employees.