Q&A Hero

Q: The__________ was established to promote a common code of conduct for the electronics and ICT industry.a. Electronic Industry Citizenship Coalitionb. European Union's Restriction of Hazardous Substancesc. Electronic Produce Environmental Assessment Toold. Consumer Electronics Association

Q: Companies applying for H-1B visas must offer a wage that is not__________ less than the average salary for the occupation. a. 5% b. 10% c. 15% d. 20%

Q: In the Diamond Shamrock and Occidental Petroleum Corporation deal, which of the following best describes the actions of Ivan Boesky and Michael Milken? A. They shared inside information with intent to make a significant profit, but because of actions that neither foresaw, they lost money. B. They shared inside information with the intent to make significant profit, but were found out and thus doomed the deal. C. They traded inside information with intent to make significant profit, and, after the deal went through, both made substantial profits. D. They traded insider information with intent to make significant profit, but decided that it was improper and so did not take advantage of the information.

Q: The people hired by the board to run the company and operate it on a daily basis is A.the employee council. B.management. C.administration. D.headquarters.

Q: Which of the following is one of the moral responsibilities of management? A. Management is responsible to the board. B. Management is responsible to the workers. C. Management is responsible to maximize profits. D. Management is responsible to the shareholders.

Q: Boards have recently improved in all of the following ways except A.more directors are independent. B.reducing executive pay. C.more directors own stock in the company. D.more boards are likely to demand change.

Q: Martha Stewart was charged with which of the following? A. Making an insider trade. B. Lying in connection with making an alleged insider trade. C. Failing to disclose the financial position of her company. D. Obstructing justice by not providing proper documentation of workplace safety.

Q: The company with the highest 2010 rating by Greenpeace based on its policies on toxic chemicals, recycling, and climate change was__________ . a. Apple b. Dell c. Hewlett Packard d. Wipro

Q: Which of the following is a true statement about the number of declared undergraduate computer science majors at doctoral-granting computer science departments? a. There was an increase in enrollment in spite of the forecast for a decreased number of workers in this field. b. There was a 50% decline in degrees awarded between 2004 and 2009. c. There has been a steady decline in enrollment for the past twelve years. d. The level of enrollment has remained about the same for the past ten years.

Q: The group that is elected by shareholders to govern and oversee management is the A.investment council. B.board of directors. C.board of trustees. D.governing council.

Q: Which of the following is not true about the moral responsibilities of management? A. Management is responsible to the board. B. Management is responsible to the workers. C. Management is responsible to maximize profits. D. Management is responsible to the shareholders.

Q: Electronic Product Environmental Assessment Tool (EPEAT) is a system that enables purchasers to evaluate, compare, and select electronic products based on a total of 51__________ criteria. a. economic b. performance c. environmental d. ethical

Q: Which of the following is a moral basis for disclosure of corporate information? A. Each person has the right to know those actions of others that could benefit him. B. Each person has the right to any information about a company he desires. C. Each person has the right to enter a transaction fairly and thus is required to inform others of his intent. D. Each person has the right to know those actions of others that will serious and adversely affect him.

Q: Before a company can apply for an H-1B visa worker, it must file__________ . a. a statement of intent to hire a foreign worker b. a petition to hire an H-1B worker c. a Labor Condition Application d. a visa request with the U.S. Citizenship and Immigration Services

Q: Shareholders are A.owners of the corporation. B.creditors of the corporation. C.anyone who is affected by the corporation. D.also employees of the corporation.

Q: Which of the following is the general obligation derived from the system of free enterprise that covers the wide range of issues from just compensation to truth in advertising to providing the quality of goods or services that one represents oneself as providing? A. the obligation to be fair in the transactions in which it engages B. the obligation not to undermine the freedom and values of the system C. the obligation to do no harm D. the obligation to live up to the contracts into which one enters freely

Q: Some analysts believe that business's social legitimacy is fragile.

Q: The__________ is an internationally recognized standard that companies can use to ensure that company data is protected in an outsourcing arrangement. a. CMMI b. Sarbanes-Oxley Act of 2002 c. Foreign Corrupt Practices Act d. Statement on Auditing Standards No. 70

Q: Which of the following was an employee complaint in the Enron case? A. At the same time top executives were selling their stock, the same executives were encouraging employees to buy the stock. B. During the period of the stock's collapse, Enron employees were encouraged to sell their stocks. C. While top executives were buying stock in the company, they were encouraging employees to sell their stocks. D. Top management was encouraging employees to hold their stocks because they felt the stock would rebound.

Q: The state-issued document that grants the corporation's right to exist and stipulating the basic terms of its existence is a(n) A.certificate of legitimacy. B.occupancy permit. C.charter. D.article of incorporation.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. This chapter of the textbook has made a strong case for the use of stakeholder management. Discuss reasons why firms may choose not to utilize this model.

Q: When considering the use of H-1B workers, companies should take into account that even highly skilled and experienced H-1B workers may require help with__________ . a. finding adequate housing b. their English c. obtaining a driver's license d. dealing with financial institutions

Q: Which of the following is the general obligation derived from the system of free enterprise that is sometimes called the "moral minimum"? A. the obligation to be fair in the transactions in which it engages B. the obligation not to undermine the freedom and values of the system C. the obligation to do no harm D. the obligation to live up to the contracts into which one enters freely

Q: Which of the following was a result of the Enron failure? A. The Rescue Bill B. The Employee Compensation Act C. The Sarbanes-Oxley Act D. The Corporate Democracy Act

Q: The cost advantage for offshore outsourcing to India used to be 6:1 or more. It is estimated that once this advantage shrinks to__________ or less, cost savings would no longer be an incentive for U.S. offshore outsourcing to India. a. 5:1 b. 0:1 c. 0:1 d. 5:1

Q: The method by which a firm is being governed, directed, administered, or controlled is A.corporate governance. B.management. C.management by objectives. D.management by decree.

Q: The United States has__________ federal law(s) protecting against the export of toxic waste. a. no b. just one c. two d. several

Q: Which of the following is the general obligation derived from the system of free enterprise that restricts bribery? A. the obligation to be fair in the transactions in which it engages B. the obligation not to undermine the freedom and values of the system C. the obligation to do no harm D. the obligation to live up to the contracts into which one enters freely

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Stakeholder management, with its normative content, holds out the promise of positive outcomes to the firms that use it. Discuss some of these expected outcomes and evaluate their likelihood of occurrence and their importance to the firm.

Q: Which of the following is not a part of the "Triple Bottom Line?" A. The financial bottom line B. The environmental bottom line C. The social/ethical bottom line D. The human resources bottom line

Q: An H-1B visa is a temporary visa granted for people who__________ . a. only work in the IT field b. were educated outside the U.S. and wish to work in the U.S. c. work in specialty occupations that require at least a four­year bachelor's degree d. were born and educated outside the U.S. but have relatives living in the U.S.

Q: Which of the following is not a method of obtaining the micro level of legitimacy? A.A company adapts its operations to conform to prevailing standards. B.A company may seek to avoid detection that it is operating contrary to social norms. C.A company may attempt to changes the public's values and norms. D.A company may identify itself with other organization, people, or values.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Stakeholder management does not specify how managers should view the function of stakeholders. Some view stakeholders as just additional groups to be managed for the benefit of the firm and its owners. Others view stakeholders as groups to whom the firm has certain responsibilities that are equally important to duties owed to owners. Discuss this issue and defend your stance.

Q: Which of the following is the general obligation derived from the system of free enterprise that holds that parties must be able to count on the actions of other agents with whom they interact? A. the obligation to be fair in the transactions in which it engages B. the obligation not to undermine the freedom and values of the system C. the obligation to do no harm D. the obligation to live up to the contracts into which one enters freely

Q: An H-1B worker can work for a U.S. employer for a maximum continuous period of__________ years. a. two b. four c. six d. eight

Q: __________ is a form of outsourcing in which services are provided by an organization whose employees are in a foreign country. a. Consulting b. Employee leasing c. Offshore outsourcing d. Employing H-1B workers

Q: The macro level of legitimacy refers to the achievement and maintenance of legitimacy by A.government. B.private/public partnerships. C.business as a whole. D.individual businesses.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.

Q: A disadvantage of using contingent workers is that they__________ . a. may pass on information about corporate processes and strategies to subsequent clients who could be competitors b. may attempt to form a union c. can demand payment for health insurance and retirement benefits d. create the need to hire new employees when staffing needs increase

Q: Which of the following is not a measure by which businesses in the United States are determined to be small- or medium-sized? A. Number of managers B. Annual sales C. Net profit D. Value of total assets

Q: The restriction of multinationals from lobbying against reforms or laws that protect workers or consumers is an expression of which norm? A. Promote the development of just background institutions internally. B. Respect the human rights of workers C. Do no intentional direct harm D. Respect the laws of a host country.

Q: The__________ of the False Claims Act allows a private citizen to file a suit in the name of the U.S. government, charging fraud by government contractors and other entities who receive or use government funds. a. qui tam provision b. Affordable Care Act c. Foreign Corrupt Practices Act d. roving wiretap provision

Q: The micro level of legitimacy refers to achieving and maintaining legitimacy by conforming to societal expectations for A.the business system as a whole. B.public policy partnerships. C.non-government organizations. D.individual businesses.

Q: For the EU and the WTO, a business is considered "medium-sized" if it has how many employees? A. 100 or fewer B. 250 or fewer C. 50 or fewer D. 250-301

Q: The key lesson from Vizcaino v.Microsoft is that even if contractors sign an agreement indicating that they are contractors and not employees, the deciding factor about whether or not they are viewed as employees is not the agreement but__________ . a. how many hours per week they are asked to work b. who oversees their work c. the degree of control the company exercises over the employees d. who performs their performance appraisal

Q: Which of the moral norms prevents engaging in slavery and apartheid, paying less than subsistence wages, and providing less than adequate and safe working conditions. A. Promote the development of just background institutions internally. B. Respect the human rights of workers C. Do no intentional direct harm D. Respect the laws of a host country.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.

Q: A situation in which two employers have actual or potential legal rights and duties with respect to the same employee or group of employees is called__________ . a. contingent employment b. employee leasing c. a coemployment relationship d. outsourcing

Q: The__________ requires manufacturers to use at least 65 percent reusable or recyclable components and reduce or eliminate toxic material in their packaging.a. Electronic Industry Citizenship Coalition Directiveb. Greenpeace Environmental Restriction of Hazardous Substancesc. European Union's Restriction of Hazardous Substances Directived. Electronic Product and Environmental Hazards Restriction Directive

Q: For the EU and the WTO, a small business is one with how many employees? A. 51-100 B. 50 or fewer C. 101-200 D. 201-300

Q: Which of the following is expressed by the norm to "do no intentional direct harm?" A. the moral maximum B. the moral mean C. the moral median D. the moral minimum

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer.Discuss how PETA is making itself a stakeholder in the wool industry.

Q: The degree to which a stakeholder's claim requires immediate response is its A.power. B.legitimacy. C.urgency. D.coercion.

Q: Which of the following is not an unfair competition charge against multinationals? A. Multinationals pay higher wages than local companies. B. Multinationals do not carry their fair share of the cost of social development. C. Multinationals are able to operate on especially favorable and uncompetitive terms. D. Multinationals can borrow money at more favorable rates than local companies.

Q: To be classified as a truly green PC, the PC must meet other criteria than simply use less electricity to run than the standard computer. a. True b. False

Q: Which of the following is a statement of reciprocity? A. A transaction is just if there is a general feeling that it is just. B. A transaction is just if all those importantly affected by it freely agree to it as just. C. A transaction is just if the majority of people are treated fairly, as long as no direct harm is done to others. D. A transaction is just as long as due process of law within the host country is observed.

Q: According to A.T. Kearney, the most attractive offshoring destination is__________ . a. China b. Egypt c. Mexico d. India

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Summarize the principles of stakeholder management.

Q: A stakeholder's ability or capacity to produce an effect within the firm is called its A.power. B.legitimacy. C.urgency. D.coercion.

Q: The recognition that the "good of the country" is not the same as the "good of corrupt leaders" is an expression of which moral norm for multinational operations? A. Activity must benefit the host country B. Do no intentional direct harm C. Respect the human rights of workers D. Respect the laws of a host country

Q: Which of the following represent reasons for multinational corporations to operate in less developed countries (LDCs)? A. highly trained labor, tax incentives, scarce resources B. cheap labor, available resources, tax shelters C. good infrastructure, well-educated populace, textile factories D. strong currency, developed bureaucracies, decent healthcare

Q: The EICC has developed a(n)__________ for member organizations in which areas of improvement are assessed by certified, third-party firms. a. application b. governing body c. audit program d. mandate

Q: Temporary employees must be treated like official employees of the company and are eligible for vacation, sick pay, and retirement benefits. a. True b. False

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Describe the levels of stakeholder management capability.

Q: The perceived validity or appropriateness of a stakeholder's claim is referred to as A.power. B.legitimacy. C.urgency. D.coercion.

Q: Outsourcing is a short-term business arrangement in which a company contracts for services with an overseas organization that has expertise in providing a specific function. a. True b. False

Q: Which of the following is not a charge leveled against the World Trade Organization? A. That LDCs are not benefited and are, in fact, harmed. B. That all nations, regardless of size and wealth, are given equal voice. C. That the organization is not democratic nor transparent in its practices. D. That all of the nations are not, in fact, equal.

Q: The EICC has established a code of conduct that defines performance, compliance, auditing, and reporting guidelines across five areas of social responsibility. a. True b. False

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Explain what the concept of tapping the expertise of stakeholders means.

Q: Which of the following is not an attribute upon which managers judge the importance of stakeholders? A.power B.urgency C.legitimacy D.nationality

Q: Which of the following is not a Marxist critique of nineteenth-century capitalism? A. Capitalism is inherently immoral because it promotes the benefit of the whole of society rather than any particular group. B. Capitalism is inherently immoral because it cannot exist without robbing the worker of his due. C. Capitalism is inherently immoral because it necessarily involves the alienation of human beings. D. Capitalism is inherently immoral because it protects the vested interest of the few.

Q: What, in the eyes of critics, has come to represent the epitome of globalization? A. International Monetary Fund (IMF) B. Multinational Corporations (MNC) C. World Trade Organization (WTO) D. Less Developed Countries (LDC)

Q: The EICC was established to promote a common code of conduct for the electronics and ICT industry. a. True b. False

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. The diagnostic typology of organizational stakeholders categorizes stakeholders by their perceived level of cooperation and/or threat. Explain how this typology works and evaluate its usefulness.

Q: Violators of the False Claims Act are liable for the exact dollar amount for which the government was defrauded. a. True b. False

Q: If we consider the stakeholder typology, and the three attributes of power, group number one on the top outside is called: A.A dormant stakeholder B.A dangerous stakeholder C.A demanding stakeholder D.A nonstakeholder

Q: Antitrust legislation is an example of which of the following? A. Control of economic cycles B. Taxation C. Correction of unfair tendencies and of market failures D. Development of a welfare safety net

Q: The European Union's Restriction of Hazardous Substances Directive restricts the use of many hazardous materials in computer manufacturing. a. True b. False

Q: What did Lenin call the last stage of fully developed capitalism? A. imperialism B. socialism C. totalitarianism D. communism

Q: The U.S. Congress has approved the granting of an unlimited number of H-1B visas. a. True b. False