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Sample Final Exam
True-False
1. The difference in pay between men and women in our society is known as the gender pay gap.
2. The stockholders elect the top officers of the corporation.
3. The Equal Pay Act has been very effective because it has greatly reduced the difference between the earnings of men and women in our society.
4. Sexual harassment is illegal because of the general prohibition against sex discrimination contained in the Civil Rights Act of 1964.
5. Disparate impact discrimination is intentional discrimination.
6. The Age Discrimination in Employment Act only applies to employers with 20 or more employees.
7. The Equal Pay Act of 1963 protects women and minority group members against pay discrimination.
8. State employee pension plans that invest in the stock market are examples of what we referred to as "outside investors."
9. All forms of sexual harassment can only be perpetrated by a superior in the company against a subordinate.
10. We defined a "faux pas" as being French for crime of passion.
11. According to the Johnson Controls, Inc. case, the women lost that case because the fetal protection policy was a bfoq.
12. According to the film - The Cultural Environment of Latin America, business people in Latin America will not do business with you if they do not like you, even if you can save them lots of money.
13. Philadelphia fired its sanitation workers and replaced them with a contractor from the private sector, this was an example of what we called privatization.
14. One perceived problem with the Equal Pay Act is that it does not cover people who are doing different types of jobs.
15. "Just-in-time" inventory is a phrase associated with Germany's Kanban System.
16. We described the United States as an example of a low context culture.
17. An American business executive who goes into a foreign country and tells the workers there to act the way Americans act is behaving like the Ugly American.
18. The underlying idea behind the law of comparative advantage is that it is more effective to specialize in what you do best, rather than trying to do everything.
19. Cultural Imperialism can be summed up by the phrase "When in Rome, do as the Romans do."
20. Any company that sells its products in more than one country is an MNC.
21. The “business judgment rule” is often the basis for exonerating corporate directors from liability to shareholders.
22. There are no juries allowed in the Delaware Court of Chancery.
23. Case study - The Adarand v. Pena case - in this case the U.S. Supreme Court declared affirmative action in the awarding of state contracts unconstitutional.
24. According to the Pat Buchanan article, "Who Killed General Motors," Mr. Buchanan believes that if GM cannot survive on its own in the free market, then it should fail and be replaced by more efficient companies, even if they are outside the U.S.
25. The story dealing with Nestle and its marketing of infant formula in Latin America was meant to demonstrate the concept known as "ethnocentrism."
26. A case of age harassment can be brought under either the quid pro quo or hostile work environment theories.
27. According to the "Enron's Governance Debacle" case, the board of directors of Enron were an undistinguished group of people with little business knowledge or experience.
28. Originally, the WTO was called NAFTA.
29. According to the film, Exporting to Latin America, Latin America should be viewed as a single unified region.
30. According to our discussion, Executive Order 11246 should be considered a non-controversial type of affirmative action.
31. Executive Order 11246 was written by President Carter.
Multiple Choice
32. The 1964 Civil Rights Act prohibits workplace discrimination based on
a. age
b. disability
c. national origin
d. all of the above
33. Major U.S. corporations are most often incorporated
a. under federal law
b. under the law of South Dakota
c. under the law of New Jersey
d. under the law of Delaware
34. "A selection rate for any race, sex, or ethnic group which is less than 4/5 of the rate for the
group with the highest rate will generally be regarded as evidence of _________:
a. disparate treatment.
b. disparate impact
c. harassment
d. none of the above
35. An example of an institutional investor is a(n)
a. mutual fund
b. pension plan
c. insurance company
d. all of the above
36. Someone like ex-President Gerald Ford, who does not otherwise work for the company, when he sits on a board of directors of a publicly-held company is known as
a. an individual director
b. an inside director
c. an outside director
d. none of the above
37. Which was the first law prohibiting workplace discrimination:
a. The Equal Pay Act
b. Title VII of the Civil Rights Act
c. The Civil Rights Act of 1991
d. The Family and Medical Leave Act
38. If an employer gives less favorable treatment to some employees because of their race, religion, sex, or national origin, this is called:
a. racism.
b. disparate impact.
c. disparate treatment.
d. affirmative action.
39. The overall control of the activities of a corporation is known as:
a. corporate governance.
b. corporate development.
c. corporate management.
d. none of the above
40. When an employment policy "looks neutral" but, in fact, is not job-related and prevents some individuals in protected classes from being promoted, this is called:
a. disparate impact.
b. racism.
c. disparate treatment.
d. all of the above.
41. The federal agency charged with enforcing workplace discrimination laws is
a. the IRS
b. the EEOC
c. OSHA
d. the EPA
Comprehensive Exam
42. In a socialist society the government owns all of the means of production.
43. CALPERS is the State of California's public employee pension plan and it is the largest investor in the U.S. stock market.
44. According to our discussion, the leading precipitating event in the annals of American business was World War II.
45. Manufacturing economies typically have higher standards of living than do information-based economies.
46. The author of The Wealth of Nations was Karl Marx.
47. One reason offered for why companies should be socially responsible is that such activity may decrease the likelihood of governmental regulation.
48. According to our discussion, ethics and morality can be viewed as synonymous.
49. The concept that people will be motivated to contribute to community service and the public sector rather than to work out of mere self-interest forms the basis of capitalism.
50. The top of Maslow's Hierarchy of Needs is social responsibility.
51. The company we associated with socially responsible investing was the Calvert family of mutual funds.
Multiple Choice
52. The macroenvironment of business includes all of the following except:
a. the social environment
b. the technological environment
c. the communications environment
d. all of the above are part of the macroenvironment of business
53. In the economic realm, the development of an integrated commercial system based on free markets for foreign trade and capital investments is known as:
a) technology.
b) globalization.
c) the dominance effect.
d) a nation-state
54. "Eat, drink, and be merry, for tomorrow we die," is associated with whom?
a. Bentham
b. Nietzsche
c. Aristotle
d. Epicurus
55. Precipitating events in the annals of business ethics include:
a. Watergate
b. the Tylenol crisis
c. both of the above
d. none of the above
56. The article, "Ethics Without the Sermon" was written by
a. Laura Nash
b. Ralph Nader
c. John Carpenter
d. Jane Fonda
57. Utilitarianism can be summed up with which expression?
a. Be all that you can be.
b. Eat, drink, and be merry.
c. I have not yet begun to fight.
d. The greatest good for the greatest number.
58. Which of the following was not a philosopher of the school of egoism?
a. Bentham
b. Rand
c. Epicurus
d. all of the above were egoists
T or F
59. According to our discussion, Archie Carroll's Pyramid of Corporate Social Responsibility is based upon Johnson & Johnson's Pyramid of Organizational Control.
60. Another name for the market capitalism model is the stakeholder model.
61. John Maynard Keynes is famous for being the originator of monetary policy.
62. Since the 1960s the majority of federal regulations have been of the social type.
63. The corporate mergers, takeovers, and LBOs of the 1980s were largely financed by so-called "junk bonds."
64. It is probably fair to say that Ross Perot and Ralph Nader are the successors of the Progressives and Populists.
65 . One way that capitalism differs from socialism and communism is in capitalism's emphasis on the individual and individual responsibility.
66. Peter Drucker is one of the few famous people to stand up against the corporate social responsibility concept.
67. Economic responsibility is at the top of Archie Carroll's Pyramid of Corporate Social Responsibility.
68. The explosion of output that resulted from factories, machines, and the division of labor was the reason why the industrial revolution was so revolutionary.
69. A social audit and an ethics audit are the same thing.
70. The story of Sir Thomas More, as set out in the play and movie, "A Man for All Seasons," illustrates the lengths some people will go to because of their principles.
71. The law of comparative advantage is the economic underpinning to the globalization concept.
72. According to our discussion, stagflation was significant for having ended FDR's New Deal.
73. The Foreign Corrupt Practices Act came at the end of the Social Activisim Period.
74. Most major corporations respond to ethics problems by ignoring them.
75. The Lamar College of Business is accredited by the A.A.C.S.B.
76. The "changing social contract" between business and society can be represented by the phrase "lean and mean."
77. Most industrialized countries follow the employment-at-will doctrine.
78. The Smoot-Hawley Act was passed during the Great Depression to protect our companies from foreign competition.
79. The proactive and reactive strategies are the two leading strategies for companies to deal with the legal/political environment.
80. President Franklin D. Roosevelt advocated supply-side economics.
81. According to our discussion, the AACSB embraces the concepts that make up the traditional ideology of business.
82. The division of labor was one of the reasons for the industrial revolution.
83. Texas is a so-called "right-to-work" state located in the nation's "rust-belt."
84. Labor unions currently represent approximately 25% of the private sector work force.
85. The author of "The Silent Spring" was Rachel Carson.
86. The original precipitating event in the area of consumerism was Ralph Nader's book, THE JUNGLE.
87. Tort law is primarily made up of federal common law.
88. The Ford Edsel disaster was one of the precipitating events in the annals of consumerism.
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