Business

Question 1

Companies demonstrate global corporate citizenship by:

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Building reactive stakeholder partnerships.

 

Finding business opportunities that serve society.

 

Integrating concern for both financial and social performance.

 

Both B and C, but not A.

Question 2

When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called:

 

Corporate Social Responsibility.

 

Global Sustainability.

 

Global Corporate Citizenship.

 

Community Investing.

Question 3

Corporate power refers to:

 

The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources.

 

The capability of politicians to influence corporations, employees, and unions, based on their organizational resources.

 

The capability of corporations to influence government, the economy, and society, based on their organizational resources.

 

The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.

Question 4

The most significant motivator of corporate social reporting is:

 

Government reporting requirements.

 

Ethical concerns.

 

Financial concerns.

 

Employee demand.

Question 5

Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the:

 

Innovative stage.

 

Integrated stage.

 

Transforming stage.

 

Engaged stage.

Question 6

Microfinance refers to:

 

Banks lending money to a very small number of businesses.

 

Banks lending money to low-income businesses.

 

Banks lending very small amounts of money to wealthy businesses.

 

Banks charging low fees for all business loans.

Question 7

The theory of comparative advantage states that:

 

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

 

Productivity decreases when countries produce goods and services based on their natural resources.

 

All countries start out on an equal playing field.

 

Countries that operate under a policy of isolationism have a comparative advantage.

Question 8

The primary goal of a “vulture fund” is to:

 

Provide countries with debt-relief.

 

Pay back loans in default.

 

Increase global financial stability.

 

Make a profit.

Question 9

Which statement(s) below are true about global income?

 

Income is how much one earns in a day or a year.

 

Income at the bottom of the pyramid varies from place to place.

 

Around 400 billion people globally sit at the bottom of the pyramid.

 

Both A and B, but not C.

Question 10

An example of a Global Action Network, or GAN, is:

 

The World Trade Organization.

 

Nongovernmental organizations.

 

The Kimberley Process.

 

The Heritage Foundation.

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