BUS 370 EXAM 2025.5 DARENDELI
QUESTIONS: 1-30 TRUE/FALSE 30-50 MULTIPLE CHOICE, THERE ARE 4 SHORT ANSWER QUESTIONS.
GOOD LUCK!
BONUS QUESTION
1. GO TO CANVAS & COMPLETE THE COURSE EVALUATIONS. ONCE DONE, WRITE DOWN “DONE” OR “COMPLETED” – 3 PTS (BONUS)
2. GO TO COURSE EVALUATIONS. ONCE DONE, WRITE DOWN “DONE” OR “COMPLETED, INSERT A SCREEN SHOT ” – 3 PTS (BONUS)
TRUE-FALSE QUESTIONS 1pt each
1. Strategic philanthropy establishes the connections between corporate contributions and business objectives, such as generating demand for a product or service.
2. Corporate contributions should not benefit their donors directly.
3. Foreign-owned corporations typically establish and use corporate foundations more frequently than U.S. firms.
4. The term community is sometimes improperly used to refer to a range of groups that are affected by an organization’s actions, when they are not in the immediate vicinity.
5. The responsibility of managing technology with its many privacy and security issues for business organizations is entrusted to the CIO.
6. AI error by chatbots is a major factor in security breaches in the healthcare industry.
7. Thanks to advancements in technology, the number of instances of identity theft has been decreasing.
8. The similarity between those who have access to technology and those who do not is called the digital drift.
9. Although technology is the only cause of change in society, it is not a primary cause.
10. Environmental regulations, such as energy conservation, depress the economy in the short run and aren’t beneficial in the long run, both for the environment and for the economy
11. By setting a common standard for all firms, the government can take the cost of pollution control out of competition.
12. Sustainable development will require technology cooperation through only short-term partnerships between companies in developed and developing countries to transfer environmental technologies.
13. Life-cycle analysis involves collecting information on the lifelong environmental impact of a product, all the way from the extraction of raw material to manufacturing, to its distribution, use, and ultimate disposal.
14. The world’s income is distributed equally among nations.
15. The paradox of the commons is that if all individuals attempt to maximize their own private advantage in the short term, the commons will still remain productive in the long run.
16. When a manager directly employs a lobbyist to represent the company’s political strategy in Washington, this is called less aggressive organizational involvement in politics.
17. It is illegal for businesspeople to leave the private sector to take employment in government before returning to the corporate world.
18. Under U.S. law, lobbying activities do not need to be disclosed publicly
19. The most effective type of lobbying involves targeting only federal officials.
20. Businesses need to wait for a public issue to arise before forming a political strategy.
21. Most scholars agree that businesses must participate in politics.
22. Various stakeholder groups often use far different tactics than businesses to influence government officials, elections, and regulations.
23. Global corporate citizenship activities help companies create legitimacy, reputation, but not competitive advantage.
24. Global corporate citizenship refers to putting an organization’s commitment to social and
environmental responsibility into practice locally.
25. Ethics deal with human dilemmas that frequently does not go beyond the formal language of law.
26. It is impossible for multiple ethical climates to exist within one organization.
27. In a benevolence ethical climate, the interests of the company’s employees and external
Stakeholders most likely would be given high priority.
28. Only in the last few years have scholars found a positive relationship between an organization’s economic performance and attention to spiritual values.
29. If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree.
30. Corporate social responsibility is the idea that businesses interact with the organization’s stakeholders for social good, while they stop following economic goals.
MULTIPLE CHOICE QUESTIONS
31. Which statement is correct about the business-society interdependence?
I. Business is a part of society.
II. Business is separated from the rest of society by clear boundaries.
III. Business activities impact other activities in society.
IV. Actions by governments rarely significantly affect business.
A. IV only. B. all of the above. C. I,II, and III D. I, III and IV
32. Which of the following is the result of an inseparable relationship between business and society?
A. All business decisions have a social impact.
B. The vitality of business depends on society’s actions and attitudes.
C. The survival of business is independent of society.
D. Both A and B, but not C.
33. The fiduciary duty of managers benefits a firm’s:
A. Stockholders.
B. Customers.
C. Employees.
D. All of the above.
34. Which one of the following is considered to be a nonmarket stakeholder of business?
A. Customers.
B. Media.
C. Creditors.
D. Stockholders.
35. The five types of stakeholders’ power recognized by most experts are:
A. Voting, economic, political, legal, and informational power.
B. Social, legal, environmental, economic, and political power.
C. Social, regulatory, voting, governance, and media power.
D. Economic, media, legal, stockholder, and political power.
36. Which of the following statements is not correct about stakeholders’ power?
A. Different stakeholders have different types and degrees of power.
B. Stockholders’ voting power is not limited to the percentage of stock owned by the stockholder.
C. It uses resources to achieve a desired decision or outcome.
D. All of the above.
37. Stakeholders stand out to managers when they exhibit:
A. Integrity, power, and legitimacy.
B. Power, legitimacy, and urgency.
C. Integrity, loyalty, and power.
D. Legitimacy, loyalty, and urgency.
38. A stakeholder map is a useful tool because:
A. It enables managers to see quickly how stakeholders feel about an issue.
B. It allows managers to evaluate what outcomes are likely regarding an issue.
C. It helps managers discourage or dissolve stakeholder coalitions.
D. Both A and B, but not C.
39. Failure to understand the beliefs and expectations of stakeholders:
A. Causes a company’s profits to increase in the short run.
B. Causes a company’s profits to decrease in the short run.
C. Causes the performance-expectations gap to grow larger.
D. Increases the chance of a corporate buy-out.
40. According to management scholar Karl Albrecht, scanning to acquire environmental
intelligence should focus on:
A. Eight strategic radar screens.
B. Six management templates.
C. Eight process improvement models.
D. Six ethical decision indicators.
41. Because of the risks and opportunities public issues present, organizations need:
A. A strong relationship with a lobbying firm or an in-house lobbying department.
B. Executives to be rewarded with substantial bonuses as part of total compensation.
C. A systematic way of identifying, monitoring, and selecting public issues.
D. Tougher government regulations and oversight by political action committees.
42. When working well, the issue management process:
A. Is static and never pulls in additional information that would disturb the balance.
B. Generates two specific options for each issue.
C. Minimizes dialogue with the stakeholders and focuses on short-term survival.
D. Continuously cycles back to the beginning and repeats.
43. Overtime, the nature of business’s relationship with its stakeholders often:
A. Remains static.
B. Evolves through a series of stages.
C. Becomes more hostile.
D. None of the above.
44. Stakeholder engagement is:
A. Any issue that is of mutual concern to an organization and one or more of its stakeholders.
B. Competitive intelligence being collected ethically and systematically.
C. The process of ongoing relationship building between a business and its stakeholders.
D. The acquisition of information gained from analyzing the multiple environments.
45. Which of the following companies is being the most socially responsible?
A. A company trying its best to operate in a way which will help local students get education and
jobs.
B. A company halting its production of toxic gases after it discovered that people objected to this
practice and threatened legal action.
C. A company trying to maximize its profits and then contributing to an environmental protection
fund.
D. A company changing its product design to comply with regulatory mandates.
46. When a person or group of people identify a social need and use their entrepreneurial skills to
address this need, this process is called:
A. Social stewardship.
B. Social entrepreneurship.
C. Social optimism.
D. Social responsibility.
47. This occurs when financial organizations provide loans to low-income clients or solidarity
lending groups (a community of borrowers) who traditionally lacked access to banking or related
services.
A. Commercial banking.
B. Macrofinancing.
C. Microfinancing.
D. Micro-entrepreneurship.
48. Why should business be ethical?
A. Most people want to act in ways that are consistent with their own sense of right and wrong.
B. Ethical behavior protects business firms from abuse by unethical employees and competitors.
C. Society’s stakeholders expect it from businesses.
D. All of the above.
49. Cross-cultural contradictions arise due to:
A. The emergence of a developing country’s economic power.
B. Religious differences practiced by business executives.
C. Differences between home and host countries’ ethical standards.
D. All of the above.
50. Public policy tools involve a combination of:
A. Incentives and political favors.
B. Penalties and prison terms.
C. Incentives and penalties.
D. Political favors and prison terms.
SHORT ANSWER (ONE PARAGRAPH) QUESTIONS (7.5POINTS EACH)
1. Describe how companies can target their corporate contributions strategically to meet the needs of the recipient while satisfying business goals and objectives. Cite an example from a mini-presentation.
2. Discuss how your social entrepreneurship project for this class requires you to think about the relationship between the business, government, and society at the same time.
3. A. Discuss the issue of the digital divide. B. Is it lessening or widening with A.I? Support with numbers. C. Do a quick search and find a nonprofit organization that is addressing the digital divide on A.I. Explain in one sentence the problem they are solving.
4. Talk about a business with which you have worked or/are working for. A. What steps should this business take to manage more ethically and sustainably? B. Give specific examples of how these steps would help the firm.
