Question 1

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

Accepted Answer

A)  they are regulated by the Federal Trade Commission. 
B)  they are formed simply by an agreement entered into among their members. 
C)  they must be publicly registered or in some way officially acknowledged by the law. 
D)  their shareholders are entitled to their share of the company's profits as soon as they are ascertained or determined. 
A)  they are regulated by the Federal Trade Commission. 
B)  they are formed simply by an agreement entered into among their members. 
C)  they must be publicly registered or in some way officially acknowledged by the law. 
D)  their shareholders are entitled to their share of the company's profits as soon as they are ascertained or determined.

Question 2

According to Melvin Anshen, the case for a broad view of corporate responsibility can be defended on the basis of there always being a kind of social contract existing between business and society.

Accepted Answer

A) True 
 B)False

Question 3

Milton Snoeyenbos argues that

Accepted Answer

A)  settled economic life requires purely selfish behavior. 
B)  with ethical codes, there's no need for taxes, laws, or regulations as a way of controlling corporate behavior. 
C)  Corporate moral codes can make it more reasonable to expect employees to behave ethically. 
D)  to be viable, ethical codes need not be widely accepted or part of corporate culture. 
A)  settled economic life requires purely selfish behavior. 
B)  with ethical codes, there's no need for taxes, laws, or regulations as a way of controlling corporate behavior. 
C)  Corporate moral codes can make it more reasonable to expect employees to behave ethically. 
D)  to be viable, ethical codes need not be widely accepted or part of corporate culture.

Question 4

Those with a broader view concerning business obligations believe that with power comes

Accepted Answer

A)  more power. 
B)  more money. 
C)  too many limits . 
D)  social responsibility. 
A)  more power. 
B)  more money. 
C)  too many limits . 
D)  social responsibility.

Question 5

Milton Friedman argues that

Accepted Answer

A)  corporations today should adopt a broader view of their social responsibilities than they have in the past. 
B)  corporate officials have a social responsibility that goes beyond serving the interests of their stockholders. 
C)  strict governmental controls are necessary if society is to maximize its overall economic well-being. 
D)  a business's only social responsibility is to maximize profits within the rules of the game. 
A)  corporations today should adopt a broader view of their social responsibilities than they have in the past. 
B)  corporate officials have a social responsibility that goes beyond serving the interests of their stockholders. 
C)  strict governmental controls are necessary if society is to maximize its overall economic well-being. 
D)  a business's only social responsibility is to maximize profits within the rules of the game.

Question 6

Corporate internal decision (CID) structures amount to established procedures for accomplishing specific goals.

Accepted Answer

A) True 
 B)False

Question 7

The best statement concerning corporations is

Accepted Answer

A)  corporations don't need moral codes. 
B)  corporate culture refers to the cultural activities sponsored by the company for its employees. 
C)  pollution caused by corporations isn't an externality. 
D)  corporate culture can be both explicit and implicit. 
A)  corporations don't need moral codes. 
B)  corporate culture refers to the cultural activities sponsored by the company for its employees. 
C)  pollution caused by corporations isn't an externality. 
D)  corporate culture can be both explicit and implicit.

Question 8

Adam Smith proposed that in our pursuit of economic interests we are led by

Accepted Answer

A)  our gut instincts. 
B)  an invisible hand to promote general good. 
C)  the trends of the economy. 
D)  the moral compass within each of us. 
A)  our gut instincts. 
B)  an invisible hand to promote general good. 
C)  the trends of the economy. 
D)  the moral compass within each of us.

Question 9

Internal or external corporate responsibility audits can help improve a corporation's "corporate culture."

Accepted Answer

A) True 
 B)False

Question 10

The idea that corporations are moral agents

Accepted Answer

A)  is accepted by many people and companies without hesitation. 
B)  has not been accepted by the courts. 
C)  has not been accepted by any major corporation. 
D)  is supported by the fiduciary relationship between management and shareholders. 
A)  is accepted by many people and companies without hesitation. 
B)  has not been accepted by the courts. 
C)  has not been accepted by any major corporation. 
D)  is supported by the fiduciary relationship between management and shareholders.

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

According to Melvin Anshen, the case for a broad view of corporate responsibility can be defended on the basis of there always being a kind of social contract existing between business and society.

Milton Snoeyenbos argues that

Those with a broader view concerning business obligations believe that with power comes

Milton Friedman argues that

Corporate internal decision (CID) structures amount to established procedures for accomplishing specific goals.

The best statement concerning corporations is

Adam Smith proposed that in our pursuit of economic interests we are led by

Internal or external corporate responsibility audits can help improve a corporation's "corporate culture."

The idea that corporations are moral agents

The Nature of Morality

Normative Theories of Ethics

Justice and Economic Distribution

The Nature of Capitalism

Consumers

The Environment

The Workplace 1: Basic Issues

The Workplace 2: Todays Challenges

Moral Choices Facing Employees

Job Discrimination

Filters

Exam 5: Corporations

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

According to Melvin Anshen, the case for a broad view of corporate responsibility can be defended on the basis of there always being a kind of social contract existing between business and society.

Milton Snoeyenbos argues that

Those with a broader view concerning business obligations believe that with power comes

Milton Friedman argues that

Corporate internal decision (CID) structures amount to established procedures for accomplishing specific goals.

The best statement concerning corporations is

Adam Smith proposed that in our pursuit of economic interests we are led by

Internal or external corporate responsibility audits can help improve a corporation's "corporate culture."

The idea that corporations are moral agents

The Nature of Morality

Normative Theories of Ethics

Justice and Economic Distribution

The Nature of Capitalism

Consumers

The Environment

The Workplace 1: Basic Issues

The Workplace 2: Todays Challenges

Moral Choices Facing Employees

Job Discrimination

Filters