Exam 3: Political Economy and Ethics

Economic socialism won the battle over communist totalitarianism and capitalism.

Robert believes that social and economic equality can be obtained only by establishing an economic system in which the government owns and controls all types of economic activity.However,he does not think of himself as a communist,but as a socialist.Which of the following statements about Robert is true?

Both Pat and Terry believe that social and economic equality can be obtained only by establishing an economic system in which the government owns and controls all types of economic activity.Which of the following statements proves that Pat is a communist and Terry is a socialist?

In a coalition government,the strongest political parties share power by dividing government responsibilities among themselves.

When a country's religious leaders are also its political leaders,its political system is called a theocracy.

________ is the layer of corporate social responsibility whereby a corporation donates money and,perhaps,employee time toward a specific social cause.

Susan Goes Global with Grape Fizz Susan is the CEO of Grape Fizz,a global drinks-manufacturing company.She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so. -Susan thinks that it would be easiest setting up production facilities in a country whose government leaders are elected directly by the wide participation of the people or by their representatives.Which of the following political systems should the country have?

Democracies try to preserve peaceful coexistence among groups of people with diverse cultural,ethnic,and racial backgrounds.These rights are known as ________ rights.

________ measures the indirect carbon dioxide emissions from the whole life cycle of products-from their manufacture to eventual breakdown.

Which of the following philosophies maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates?

Compare and contrast the world's three main political ideologies: anarchism,totalitarianism,and pluralism.

Developing nations have the toughest product liability laws,while developed countries have more relaxed laws.

Pluralism is the belief that only individuals and private groups should control a nation's political activities.

Compare and contrast two prevalent political systems: totalitarianism and democracy,and explain how a country's political system influences its legal system.

Which of the following functions does a copyright perform?

Stephanie Wong Stephanie Wong,a Chinese-American,owns a consultancy that advises clients on strategies for business expansions into China.Wong is to lead a symposium for small and mid-sized exporters who are planning on expanding their businesses in China.Therefore,she is preparing answers in advance for questions that symposium participants would most likely ask. -Which of the following,if true,demonstrates that Kirawi has an unstable business environment?

Islamic law is the most widely practiced theocratic legal system today.

Corporate social responsibility is the practice of going beyond legal obligations to actively balance commitments to investors,customers,other companies,and communities.

The cultural relativist view says that a company's sole responsibility is to maximize profits for its owners while operating within the law.

Laws designed to prevent companies from fixing prices,sharing markets,and gaining unfair monopoly advantages are called ________.