ethics_exam_ch1 - CH1 The Business and Society Relationship...

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CH1 The Business and Society Relationship (EXAM) 1. A potential disadvantage of pluralism is that it can encourage an extreme pursuit of individual self-interest. True False correct answer: true 2. Corporate citizenship refers to: a. the idea that corporations should have all of the rights of citizenship that individuals enjoy. b. the requirement that corporations obey all relevant laws. c. recent terminology that basically encompasses the same ideas as corporate social responsibility, responsiveness and performance. d. the legal concept that allowed corporations to be covered by the Constitutional right to free speech. correct answer:  c 3. Stakeholder management capability occurs on three levels, including the rational, normative, and transactional levels. True False correct answer:  false 4. Freeman and Gilbert argued in their book, Corporate Strategy and the Search for Ethics, that strategic management and ethics are related in what manner? a. There is little relationship between the two at the present time, but they could be. b. Firms with high ethical standards are not strategically well managed. c. Ethics and strategy must be analyzed and formulated separately. d. For business ethics to have any real meaning, it must be linked to strategic management. correct answer:  d 5. A significant contribution made by the book Megatrends was: a. to explain issues management. b. in the area of trend-spotting services. c. highlighting the increase in corporate crises during the second half of the 20th century. d. to prioritize the trends of the 21st century. correct answer:  b 1/5
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CH1 The Business and Society Relationship (EXAM) 6. We can think of the law as a set of minimum standards for conduct or behavior. True
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ethics_exam_ch1 - CH1 The Business and Society Relationship...

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