BU360 Lesson 2 Exam SCORE 100 PERCENT

Question 1

Which of the following is an argument against corporate social responsibility?

Question options:

	It requires skills businesses may lack.
	It creates an imbalance between corporate power and its economic responsibility.
	It improves business value and reputation.
	A majority of stockholders are against it.
Question 2

An emerging business model that attempts to strategically balance the interests of all stakeholders in order to solve social and environmental problems is called a:

Question options:

	balanced corporation.
	B Lab.
	B corporation.
	CSR corporation.
Question 3

Modern corporations can be considered socially responsible if they are:

Question options:

	responsible to the stockholders of the company.
	creating job, thus positively influencing the lives of employees.
	are highly profitable.
	generating dividends for the company's stockholders.
Question 4

According to the iron law of responsibility:

Question options:

	in the long run, those who do not use power responsibly will lose it.
	in the short run, always sacrifice social goals in favor of economic goals.
	law is more important than social or economic responsibility.
	in the long run, economic responsibility leads to social responsibility.
Question 5

The three strategies of globalization can be summarized using what three words?

Question options:

	channels, operations, and chains
	export, locate, and purchase
	sell, make, and source
	ethics, import, and sell
Question 6

Positive reputation can be valued as an intangible corporate:

Question options:

	asset.
	liability.
	charity.
	expense.
Question 7

The Twilight Company demonstrates its commitment to social and environmental responsibility, not just locally or regionally, but worldwide. This is an example of:

Question options:

	corporate social responsibility.
	global sustainability.
	global corporate citizenship.
	community investing.
Question 8

Business leaders, such as automaker Henry Ford, developed ___________ to support the recreational and health needs of Ford employees.

Question options:

	corporate social responsibility programs
	corporate citizenship programs
	social networking programs
	paternalistic programs
Question 9

Single-party rule by communist parties still remains in:

Question options:

	Lithuania.
	Thailand.
	Russia.
	Vietnam.
Question 10

An example of a Global Action Network, or GAN, is:

Question options:

	the World Trade Organization.
	nongovernmental organizations.
	the Kimberley Process.
	the Heritage Foundation.
Question 11

Assets that a person accumulates and owns at a certain point in time are called:

Question options:

	income.
	equity.
	wealth.
	microfinance.
Question 12

According to Barlow v. A.P. Smith Manufacturing:

Question options:

	<p>the laws prohibited charitable contributions.</p>
	<p>charitable contributions are bad corporate investments for the short-term.</p>
	<p>socially responsible actions must be approved by a majority of the firm's stakeholders.</p>
	<p>socially responsible actions are an investment in the future, thus an allowable expense.</p>
Question 13

Corporate power refers to the capability of:

Question options:

	competitors to influence legislation, trade, and the stock market based on their organizational resources.
	politicians to influence corporations, employees, and unions, based on their organizational resources.
	corporations to influence government, the economy, and society, based on their organizational resources.
	CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.
Question 14

A society where economic power is concentrated in the hands of government officials and political authorities is called a:

Question options:

	central state control system.
	a social democracy.
	a political control system.
	a military dictatorship.
Question 15

When undertaking social initiatives, a company:

Question options:

	must take out social responsibility insurance,
	will always receive long-term profits.
	may sacrifice short-term profits.
	risks bankruptcy in nearly every case.
Question 16

Which of these U. S. companies is the best example of using globalization to reduce the price of products?

Question options:

	K-Mart
	Toys R Us
	Walmart
	Macy's
Question 17

Some companies have created a department of corporate citizenship to:

Question options:

	adopt the United Nation's Global Compact Principles.
	decentralize under common leadership wide-ranging corporate citizenship functions.
	centralize under common leadership wide-ranging corporate citizenship functions.
	narrow the job of the public relations office.
Question 18

Philanthropic funding and public relations are examples of:

Question options:

	drivers of the corporate social responsiveness phase.
	policy instruments of the corporate social stewardship phase.
	policy instruments of the corporate social responsiveness phase.
	drivers of the charity principle phase.
Question 19

Representation on the World Bank's board of directors is based on:

Question options:

	the size of the member nation's population.
	the size of the member nation's economy.
	the size of the member nation's land mass.
	equal representation of all member nations.
Question 20

The Heritage Foundation scored which nation of the world among the most repressed as of 2012?

Question options:

	Hong Kong
	North Korea
	Australia
	Singapore