Current quiz
QUESTION 1
1. “Death-wish marketing” is typified by each of the following EXCEPT:
A.
Considering too few decisions.
B.
Paying too much attention to competitors.
C.
Pursuing ambiguous situations.
D.
Rushing decisions.
E.
Ignoring real customers.
1 points
QUESTION 2
1. Stakeholder theorists view business as a set of relationships among:
A.
Functional areas of the business, such as accounting, finance, human resources, operations and marketing.
B.
The Board of Directors for a firm.
C.
Groups which have a stake or interest in the activities that comprise a business.
D.
The public sector and the citizen sector.
E.
Lawyers, court judges, and business owners.
1 points
QUESTION 3
1. Secondary stakeholders of the firm include each of the following EXCEPT:
A.
NGO’s
B.
Media
C.
Government
D.
Competitors
E.
Society and communities
1 points
QUESTION 4
1. Costco:
A.
Can charge low prices because it pays its staff less than retailing industry averages.
B.
Caps it markups at 25%.
C.
Serves as a buying agent for its members.
D.
Has one of the highest employee turnover rates in retailing.
E.
Selects products based on quality regardless of value.
1 points
QUESTION 5
1. Corporate social responsibility(CSR):
A.
Focuses almost exclusively on increasing shareholder value.
B.
Means playing by the rules of the economic game where profits matter above all else.
C.
Is defensive in nature for the firm.
D.
Can offer a compelling purpose for a firm.
E.
Should focus on image enhancement for the firm.
1 points
QUESTION 6
1. The UB Global Compact wound up spawning:
A.
A backlash among those resisting anti-corruption efforts around the world.
B.
The Principles for Responsible Management Education.
C.
The Occupy Wall Street movement.
D.
Changes to the Financial Accounting Standards Board(FASB).
E.
Wall Street Investors Guild for Responsible Investing.
1 points
QUESTION 7
1. ISO 26000:
A.
Was a fad in the business world that finally died with onset of the Economic Crisis of 2008.
B.
Represents the goal of having 26,000 businesses eventually join the International Sustainability Organization.
C.
Is a voluntary guidance standard for business.
D.
Is a sub-unit of the UN.
E.
Was first implemented in California as a result of the passage of Proposition 99 one of the first meaningful state laws to discourage tobacco use.
1 points
QUESTION 8
1. The role of government in society is resolved:
A.
In the media.
B.
In the halls of academia with next generation.
C.
Through a political process.
D.
Through bailouts.
E.
By historians.
1 points
QUESTION 9
1. The role of the state in modern societies based on democracy and capitalism is broad and extensive.
True
False
1 points
QUESTION 10
1. When reviewing the QOL(Quality Of Life) measurement approaches, one dimension that appears in each of these approaches is the environment or ecological footprint.
True
False
1 points
QUESTION 11
1. Milton Friedman believed that governments should do much more in markets rather than only having contact with markets through courts with business civil disputes.
True
False
1 points
QUESTION 12
1. In a reply to Whole Foods Market CEO John Mackey, Milton Friedman said “As anyone can see, the differences between John Mackey and me regarding social responsibility of business are enormous and irreconcilable”.
True
False
1 points
QUESTION 13
1. Wisdom considers long-term effects that transcend the individual as guidance toward the best good.
True
False
1 points
QUESTION 14
1. Stakeholder theory emphasizes the pre-eminence of shareholder(investors or owners), over all other groups. In this view, suppliers and customers become sub-categories of competitors that are to be beaten or subdued.
True
False
1 points
QUESTION 15
1. A stakeholder approach is also termed as “stewardship ethics”. With such ethics, managers, remain committed to care for the firm and those it serves in a manner that responds to a higher level of expectations.
True
False
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