TEST BANK for Business and Society 17th Edition by
Lawrence & Weber
Which right did shareholders exercise that may have contributed to a 10% drop in
share value? - ANSWER: To sell their stock shares.
In what way did the Wynn Resorts' board of directors contribute to the ongoing
problem of sexual misconduct in the workplace? - ANSWER: Many of the board
members had close personal ties with Wynn and almost always voted in his favor.
How did the Wynn Resorts' investors seek restitution for the many years of wrongful
conduct that reportedly continued at the company? - ANSWER: They sued the board
of directors for lack of accountability.
Which new technology forms the backbone of China's social credit system, according
to the case? - ANSWER: Facial recognition
Which ethical concern surrounds China's social credit system, as described in the
case? - ANSWER: A loss of personal privacy
Which of the following is an example of China's attempts to suppress free speech? -
ANSWER: A journalist who wrote about censorship and government corruption was
blacklisted.
What specific claim did Volkswagen make about its diesel vehicles that constituted
deceptive advertising? - ANSWER: TDI "clean diesel" had very low chemical
emissions.
Which two U.S. government agencies sued Volkswagen over its false claims? -
ANSWER: Federal Trade Commission and Department of Justice
After Volkswagen admitted fraud, how did the courts protect customers affected by
the scandal? - ANSWER: The company bought back or repaired each affected vehicle.
How did Amazon respond to the unionization campaign, according to the case? -
ANSWER: The company sent text messages to employees with negative messaging
about unions.
Why were some Amazon employees against forming a union, as noted in the case? -
ANSWER: They were impressed with the pay and benefits offered by the company.
What was the primary concern of Amazon workers who wanted to unionize, as
described in the case? - ANSWER: Unsafe working conditions
, The major federal consumer protection agencies are authorized by law to - ANSWER:
Both "intervene directly into the very center of free market activities to protect
consumers" and "substitute government-mandated standards for decisions made by
private buyers and sellers" are correct.
The "agency problem" arises when - ANSWER: managers act in their own interest,
rather than in the interest of shareholders.
According to the new social contract - ANSWER: companies try to attract workers by
giving them interesting and challenging work.
What is one criticism against whistleblowing? - ANSWER: Hundreds of
unsubstantiated, or false, are cases reported.
A living wage has been defined as a wage that - ANSWER: supports half the basic
needs of an average-size family, based on local prices.
The Occupational Safety and Health Act gives workers the right to a job - ANSWER:
that is free from recognized hazards that are likely to cause death or serious injury.
What are the benefits of sequencing the human genome? - ANSWER: The answers
"provides early diagnosis of diseases" and "spurs new ways to prevent illnesses" are
correct.
Currently, about what percentage of global households have no access to the
Internet? - ANSWER: 45 percent
The role of the Food and Drug Administration includes - ANSWER: All of these
choices are correct.
In what way did the Wynn Resorts' board of directors contribute to the ongoing
problem of sexual misconduct in the workplace, as described in the case "Corporate
Governance and Executive Misconduct at Wynn Resorts"? - ANSWER: Many of the
board members were friendly with Wynn and almost always voted in his favor.
What impact has OSHA had on businesses? - ANSWER: a significant reduction in
workplace deaths
In the United States, the right to free speech - ANSWER: must be weighed against
the consequences for the community.
Under U.S. laws, who has the right to hold an election to choose what union they
want to represent them, if any? - ANSWER: most private and public workers
Why has union membership declined in the United States since the 1950s? -
ANSWER: a decrease in the manufacturing sector
Lawrence & Weber
Which right did shareholders exercise that may have contributed to a 10% drop in
share value? - ANSWER: To sell their stock shares.
In what way did the Wynn Resorts' board of directors contribute to the ongoing
problem of sexual misconduct in the workplace? - ANSWER: Many of the board
members had close personal ties with Wynn and almost always voted in his favor.
How did the Wynn Resorts' investors seek restitution for the many years of wrongful
conduct that reportedly continued at the company? - ANSWER: They sued the board
of directors for lack of accountability.
Which new technology forms the backbone of China's social credit system, according
to the case? - ANSWER: Facial recognition
Which ethical concern surrounds China's social credit system, as described in the
case? - ANSWER: A loss of personal privacy
Which of the following is an example of China's attempts to suppress free speech? -
ANSWER: A journalist who wrote about censorship and government corruption was
blacklisted.
What specific claim did Volkswagen make about its diesel vehicles that constituted
deceptive advertising? - ANSWER: TDI "clean diesel" had very low chemical
emissions.
Which two U.S. government agencies sued Volkswagen over its false claims? -
ANSWER: Federal Trade Commission and Department of Justice
After Volkswagen admitted fraud, how did the courts protect customers affected by
the scandal? - ANSWER: The company bought back or repaired each affected vehicle.
How did Amazon respond to the unionization campaign, according to the case? -
ANSWER: The company sent text messages to employees with negative messaging
about unions.
Why were some Amazon employees against forming a union, as noted in the case? -
ANSWER: They were impressed with the pay and benefits offered by the company.
What was the primary concern of Amazon workers who wanted to unionize, as
described in the case? - ANSWER: Unsafe working conditions
, The major federal consumer protection agencies are authorized by law to - ANSWER:
Both "intervene directly into the very center of free market activities to protect
consumers" and "substitute government-mandated standards for decisions made by
private buyers and sellers" are correct.
The "agency problem" arises when - ANSWER: managers act in their own interest,
rather than in the interest of shareholders.
According to the new social contract - ANSWER: companies try to attract workers by
giving them interesting and challenging work.
What is one criticism against whistleblowing? - ANSWER: Hundreds of
unsubstantiated, or false, are cases reported.
A living wage has been defined as a wage that - ANSWER: supports half the basic
needs of an average-size family, based on local prices.
The Occupational Safety and Health Act gives workers the right to a job - ANSWER:
that is free from recognized hazards that are likely to cause death or serious injury.
What are the benefits of sequencing the human genome? - ANSWER: The answers
"provides early diagnosis of diseases" and "spurs new ways to prevent illnesses" are
correct.
Currently, about what percentage of global households have no access to the
Internet? - ANSWER: 45 percent
The role of the Food and Drug Administration includes - ANSWER: All of these
choices are correct.
In what way did the Wynn Resorts' board of directors contribute to the ongoing
problem of sexual misconduct in the workplace, as described in the case "Corporate
Governance and Executive Misconduct at Wynn Resorts"? - ANSWER: Many of the
board members were friendly with Wynn and almost always voted in his favor.
What impact has OSHA had on businesses? - ANSWER: a significant reduction in
workplace deaths
In the United States, the right to free speech - ANSWER: must be weighed against
the consequences for the community.
Under U.S. laws, who has the right to hold an election to choose what union they
want to represent them, if any? - ANSWER: most private and public workers
Why has union membership declined in the United States since the 1950s? -
ANSWER: a decrease in the manufacturing sector
