Question 1

What was the amount of Fannie Mae's restatement of its revenue?

Accepted Answer

A)  $125 million
B)  $90 million
C)  $115 million
D)  $6.3 billionE) None of the above
F) A) and C)

Question 2

What is the average wage of a cruise ship worker?

Accepted Answer

A)  $900 - $950/month
B)  $700 - $750/month
C)  $500 - $550/month
D)  $400 - $450/monthE) A) and B)
F) A) and D)

Question 3

Outsourcing manufacturing jobs from the United States to developing countries is an example of a utilitarianism application.

Accepted Answer

A) True 
 B)False

Question 4

Freeman's Stakeholder Theory:

Accepted Answer

A)  Requires business to consider other groups beyond shareholders when making decisions.
B)  Is a free market theory.
C)  Require property rights before allowing input on a decision.
D)  Both b and c
E)  None of the aboveF) B) and E)
G) A) and B)

Question 5

Decisions on corporate charitable contributions carry no ethical implications.

Accepted Answer

A) True 
 B)False

Question 6

As the regulatory cycle progresses:

Accepted Answer

A)  Options increase and cost decreases.
B)  Options decrease and cost decreases.
C)  Options decrease and cost increases.
D)  Options increase and cost increases.E) A) and D)
F) A) and C)

Question 7

Which is the number one cause of mortgage foreclosures?

Accepted Answer

A)  Loss of employment
B)  Negative equity
C)  Poor credit score
D)  Low down paymentE) A) and B)
F) A) and C)

Question 8

Robert Halfon sees activist movements as a threat to corporate property rights.

Accepted Answer

A) True 
 B)False

Question 9

In 2008, Starbucks placed a red light on 600 planned openings.Starbucks says it was excused from the leases because of economic conditions.Landlords note that Starbucks is driving down property values by allowing the leased spots to lie fallow.The landlords also note that they are victims because Starbucks' expansion plans were too ambitious, even for a good economy.Discuss the social responsibility of Starbucks in this situation.

Accepted Answer

Students should identify the stakeholder...

Question 10

Who were "Friends of Angelo"?

Accepted Answer

A)  Friends of Angelo were the members of Countrywide's board.
B)  Friends of Angelo were those who received favorable and expedited mortgage decisions through Angelo Mozilo.
C)  Members of Countrywide's staff who received favorable mortgage terms.
D)  None of the aboveE) B) and C)
F) A) and D)

Question 11

Once begun, the regulatory cycle cannot be reversed.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not one of Novak's seven internal responsibilities of a corporation?

Accepted Answer

A)  To create new wealth
B)  To defeat envy
C)  To make charitable contributions
D)  To create new jobsE) All of the above
F) B) and D)

Question 13

Who said, "I don't think that people in the media can say that advertising influences consumers to buy cars or shirts, and then argue that violence on television or in music has no impact"?

Accepted Answer

A)  President Bush
B)  Charlton Heston
C)  CEO of Nicole Miller
D)  David GeffenE) All of the above
F) A) and C)

Question 14

The subprime market did not begin until 2007.

Accepted Answer

A) True 
 B)False

Question 15

Why does a company act voluntarily in implementing procedures and equipment beyond the statutory requirements?

Accepted Answer

A)  To avoid criminal penalties if there is ever a misstep
B)  For purposes of good relations with regulators and community
C)  To maximize shareholder value over the long term
D)  Both b and c
E)  a, b and cF) A) and D)
G) A) and C)

Question 16

What methods do businesses use to obtain minority-owned business status?

Accepted Answer

A)  Hold ownerships with a silent minority partner
B)  Relocate in order to have minority employees
C)  Use a name that carries minority connotations
D)  All of the aboveE) All of the above
F) A) and B)

Question 17

The North Carolina State Bar:

Accepted Answer

A)  Accepted Mr.Nifong's resignation as DA as sufficient punishment.
B)  Disbarred Mr.Nifong.
C)  Censured Mr.Nifong.
D)  Found no violations of the professional code of ethics by Mr.Nifong.E) C) and D)
F) None of the above

Question 18

Which formula does Kelly propose for corporate finances?

Accepted Answer

A)  Profit = revenues - cost
B)  Profit = revenues - employee income
C)  Profit = revenues - employee income + cost of materials
D)  Profits = employee incomeE) All of the above
F) A) and C)

Question 19

What happened when Smith & Wesson broke rank and decided to settle the gun litigation?

Accepted Answer

A)  It was touted as a good company and its earnings went up
B)  It lost its customer base
C)  It slowed down the gun regulatory cycle
D)  It was able to sell more guns at higher pricesE) A) and B)
F) A) and C)

Question 20

The Body Shop founder Anita Roddick said that she didn't care about making money; she only cared about making the world a better place.Into which school of social responsibility would you place Ms.Roddick?

Accepted Answer

A)  Inherence
B)  Enlightened self-interest
C)  Invisible hand
D)  Social responsibilityE) All of the above
F) B) and C)

Exam 3: Business, Stakeholders, Social Responsibility, and Sustainability

Outsourcing manufacturing jobs from the United States to developing countries is an example of a utilitarianism application.

Correct Answer
verified

What was the amount of Fannie Mae's restatement of its revenue?

Correct Answer
verified

The North Carolina State Bar:

Correct Answer
verified

Robert Halfon sees activist movements as a threat to corporate property rights.

Correct Answer
verified

What is the average wage of a cruise ship worker?

Correct Answer
verified

The subprime market did not begin until 2007.

Correct Answer
verified

What methods do businesses use to obtain minority-owned business status?

Correct Answer
verified

Which of the following is not one of Novak's seven internal responsibilities of a corporation?

Correct Answer
verified

What happened when Smith & Wesson broke rank and decided to settle the gun litigation?

Correct Answer
verified

Freeman's Stakeholder Theory:

Correct Answer
verified

Which is the number one cause of mortgage foreclosures?

Correct Answer
verified

Once begun, the regulatory cycle cannot be reversed.

Correct Answer
verified

Who said, "I don't think that people in the media can say that advertising influences consumers to buy cars or shirts, and then argue that violence on television or in music has no impact"?

Correct Answer
verified

Who were "Friends of Angelo"?

Correct Answer
verified

Correct Answer
verified
Students should identify the stakeholder...
View Answer

The Body Shop founder Anita Roddick said that she didn't care about making money; she only cared about making the world a better place.Into which school of social responsibility would you place Ms.Roddick?

Correct Answer
verified

As the regulatory cycle progresses:

Correct Answer
verified

Why does a company act voluntarily in implementing procedures and equipment beyond the statutory requirements?

Correct Answer
verified

Decisions on corporate charitable contributions carry no ethical implications.

Correct Answer
verified

Which formula does Kelly propose for corporate finances?

Correct Answer
verified

Exam 3: Business, Stakeholders, Social Responsibility, and Sustainability

Outsourcing manufacturing jobs from the United States to developing countries is an example of a utilitarianism application.

Correct AnswerverifiedShow Answer

What was the amount of Fannie Mae's restatement of its revenue?

Correct AnswerverifiedShow Answer

The North Carolina State Bar:

Correct AnswerverifiedShow Answer

Robert Halfon sees activist movements as a threat to corporate property rights.

Correct AnswerverifiedShow Answer

What is the average wage of a cruise ship worker?

Correct AnswerverifiedShow Answer

The subprime market did not begin until 2007.

Correct AnswerverifiedShow Answer

What methods do businesses use to obtain minority-owned business status?

Correct AnswerverifiedShow Answer

Which of the following is not one of Novak's seven internal responsibilities of a corporation?

Correct AnswerverifiedShow Answer

What happened when Smith & Wesson broke rank and decided to settle the gun litigation?

Correct AnswerverifiedShow Answer

Freeman's Stakeholder Theory:

Correct AnswerverifiedShow Answer

Which is the number one cause of mortgage foreclosures?

Correct AnswerverifiedShow Answer

Once begun, the regulatory cycle cannot be reversed.

Correct AnswerverifiedShow Answer

Who said, "I don't think that people in the media can say that advertising influences consumers to buy cars or shirts, and then argue that violence on television or in music has no impact"?

Correct AnswerverifiedShow Answer

Who were "Friends of Angelo"?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedStudents should identify the stakeholder...View AnswerShow Answer

The Body Shop founder Anita Roddick said that she didn't care about making money; she only cared about making the world a better place.Into which school of social responsibility would you place Ms.Roddick?

Correct AnswerverifiedShow Answer

As the regulatory cycle progresses:

Correct AnswerverifiedShow Answer

Why does a company act voluntarily in implementing procedures and equipment beyond the statutory requirements?

Correct AnswerverifiedShow Answer

Decisions on corporate charitable contributions carry no ethical implications.

Correct AnswerverifiedShow Answer

Which formula does Kelly propose for corporate finances?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
Students should identify the stakeholder...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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