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Question
Economist John Kenneth Galbraith claimed that advertising and marketing were creating the very consumer demand that production then aimed to satisfy. Dubbed the _____, this assertion held that consumer demand relied on what producers had to sell.
Answer
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Related questions
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Which of the following is an internal mechanism that seeks to ensure ethical corporate governance?
a. European Union 8th Directive
b. The Sarbanes-Oxley Act
c. The COSO framework
d. European Union 7th directive
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Explain the concept of eco-efficiency, biomimicry and cradle-to-cradle responsibility.
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Briefly describe the reasons supporting the practice of sustainability within businesses.
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The role of _____ is to ensure that those who enter into the marketplace are playing by the rules and conforming to the very conditions that ensure the market functions as it is supposed to function.
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Which of the following exemplifies insider trading?
a. Underreporting income
b. Falsifying account documents
c. Misappropriation of proprietary knowledge
d. Illegally evading income taxes
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According to Kevin Bahr, which of the following is a cause for conflicts in the financial markets?
a. The independence and lack of expertise of audit committees
b. The presence of shareholder activism
c. Long-term executive greed versus short-term shareholder wealth
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Which of the following is true of Federal Sentencing Guidelines for boards?
a. The board must be knowledgeable about the objectives and process of the ethics program rather than simply the mere contents of a training session.
b. The board should avoid exercising reasonable oversight with respect to the effectiveness and implementation of the ethics program.
c. The board should leave the evaluation of all board policies, procedures, governance structure, and position descriptions to the executives.
d. The board need not work with executives to analyze the incentives for ethical behavior.
Q:
Which of the following legal duties of board members suggests that a director does not need to be an expert or actually run the company?
a. Duty of care
b. Duty of good faith
c. Duty of candor
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Q:
Which of the following is true of the COSO controls and the Sarbanes-Oxley requirements?
a. They result in less transparency in ensuring ethical corporate governance.
b. They encourage greater accountability for financial stewardship.
c. They result in a lesser emphasis to prevent any financial misconduct.
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Identify the gatekeepers who evaluate a companys financial prospects or creditworthiness, so that banks and investors can make informed decisions.
a. Investors
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COSO is one of the first efforts to address corporate culture in a quasi-regulatory framework in recognition of its significant impact on the satisfaction of organizational objectives.
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A large boost in share price decreases a firms equity leverage for external expansion.
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Financial analysts rely on gatekeepers but are not gatekeepers themselves.
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Before environmental legislation was enacted, the primary legal avenue open for addressing environmental concerns was _____ law.
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In economic terms, all resources are _____, that is, they can be replaced by substitutes, and in this sense resources are infinite.
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Which of the following is true of a service-based economy?
a. A service-based economy tends to the consumers demand for clothes cleaning, floor covering, illumination, entertainment, and so forth.
b. A service-based economy interprets consumer demand as a demand for washing machines, carpets, lights, consumer electronics, and so forth.
c. A service-based economy weakens the production efficiencies.
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Which of the following is true of the sustainability model in terms of environmental responsibilities?
a. Sustainability reduces competitive advantage.
b. Sustainability is not a prudent long-term strategy.
c. Sustainability is a good risk management strategy.
d. Sustainability leads to reduced cost-savings.
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The model of economy, in consistency with the second law of thermodynamics, implies that:
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b. the economy exists beyond a finite biosphere.
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d. the amount of usable energy decreases over time.
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a. first
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c. third
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Discuss the philanthropic model of CSR.
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