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...
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...
