the concept that people will be motivated to contribute to community service and the public sector rather that to work out of mere self-interest forms the basis of capitalism?
False
Self Actualization
The top of mallow's hierarchy of needs
The company we associated with socially responsible investing was the...
Calvert family of mutual funds.
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
The communication environment
Globalization
the development of an integrated commercial system based on free markets for foreign trade and capital investments
According to our discussion, Archie Carroll's Pyramid of Corporate Social Responsibility is based upon Johnson & Johnson's Pyramid of Organizational Control.
False;
Maslow
Another name for the market capitalism model is the stakeholder model.
False
John Maynard Keynes
Created phisco policy
One way that capitalism differs from socialism and communism is in capitalism's emphasis on the individual and individual responsibility.
True
One of the few famous people to stand up against the corporate social responsibility concept?
Peter Drucker
Economic responsibility is at the top of Archie Carroll's Pyramid of Corporate Social Responsibility.
False
The reason why the industrial revolution was so revolutionary?
The explosion of output that resulted from factories, machines, and the division of labor.
A social audit and an ethics audit are the same thing.
False
The law of comparative advantage is the
Economic underpinning to the globalization concept.
According to our discussion, stagflation was significant for having ended FDR's New Deal.
False
The Lamar College of Business is accredited by the A.A.C.S.B.
True
The Smoot-Hawley Act
passed during the Great Depression to protect our companies from foreign competition.
In a socialist society the government owns all of the means of production.
False;
Communism
President Franklin D. Roosevelt advocated supply-side economics.
False;
Ronald Reagan did.
According to our discussion, the AACSB embraces the concepts that make up the traditional ideology of business.
False;
Ronald Reagan
One of the reasons for the industrial revolution.
The Division of Labor
According to our discussion, the leading precipitating event in the annals of American business was World War II.
False;
The Great Depression
Manufacturing economies typically have higher standards of living than do information-based economies.
False;
Agrarian
Adam Smith
The author of The Wealth of Nations
One reason offered for why companies should be socially responsible is that such activity may decrease the likelihood of governmental regulation.
True
The highest standard of living is achieved by countries who have attained the service economy level.
False
President Reagan's supply-side economics called for:
1.) balanced budgets
2.) reduced regulation of business
3.) lower taxes (primarily for business).
The precipitating event that drove business schools to begin focusing on the macroenvironment of business was WWII.
False;
Stagflation
The Industrial Revolution began in France.
False
Hallmarks of socialism include:
1.) high levels of government regulation
2.) government ownership of key industries or companies
3.) high taxes
Traditional professions like medicine and law are characterized by formal educational requirements, government testing and certification, and enforceable codes of ethics, just like a career in business.
False;
Business has no formal education
Laissez-faire capitalism was effectively ended in the U.S. during the social activism period.
False;
The Great Depression
Noblesse Oblige
A concept that supports the concept known as the social responsibility of business.
The social contract is a document on display in Washington, D.C.
False;
It's an implied understanding of how things work
Utilitarianism
Greatest good for the greatest number
Laura Nash
Ethics Without the Sermon
Since the 1960's the majority of federal regulations have been of the____________.
Social type
Watergate and the Tylenol Crisis
Precipitating events in the annals of business ethics
Executive Agencies
The president can fire the head of the agency
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 principles
Independent Agencies
Harder to fire because they are under contract
Interstate Commerce Clause
Constitutional clause that gives Congress the right to regulate interstate commerce. This clause has been broadly interpreted to give Congress a number of implied powers.
The New Deal
Ended in World War 2
The Foreign Corrupt Practices Act
Created at the end of the Social Activism Period.
NEPA
Created the EPA
CERCLA
Designed to fight against Unintended Consequences and created the super fund.
Most major corporations respond to ethics problems by ignoring them.
False
Example of unintended consequences
Acid Rain resulting from higher smokestacks required by the EPA
Sustainability
The ability to keep in existence or maintain. A sustainable ecosystem is one that can be maintained
The Great Depression
According to our discussion, the leading precipitating event in the annals of American business was
Stagflation
The precipitating event that drove business schools to begin focusing on the macroenvironment of business
Federal Register
Public posting of updated laws
Epicurus
Eat, Drink, and be Merry, for tomorrow we die.
Ethics and Morality
Can be viewed as synonymous.
Rachel Carson
The author of "The Silent Spring
Proactive and Reactive
The two leading strategies for companies to deal with the Legal/Political Environment.
Utilitarianism
What's the bottom line-Profit, or loss?
Fiduciary
involving trust, especially with regard to the relationship between a trustee and a beneficiary.
This is a higher standard than the typical business relationship.
United States
An example of a low context culture.
Watergate
Created the PAC's
Grassroot Lobbying
When the company seeks to go over the head of the politicians to get the public to put pressure on them to do as the company desires
Inadequate Information
Natural Monopolies
Destructive Competition
and
Negative Externalities
The economic reasons given for government regulation of business.
Adam Smith
Father of capitalism