Q&A Hero

Q: A patent is a grant of a property right issued by the__________to an inventor. a. USPS b. USPTO c. FTC d. SEC

Q: Social auditing is very new.

Q: Copyright and patent protection was established through__________. a. the Bill of Rights b. the U.S. Federal Codes and Statutes c. the U.S. Constitution d. various state laws

Q: Which of the following is the general obligation derived from the system of free enterprise that restricts bribery? A. the obligation to be fair in the transactions in which it engages B. the obligation not to undermine the freedom and values of the system C. the obligation to do no harm D. the obligation to live up to the contracts into which one enters freely

Q: Social audits can be thought of as a planning and control system.

Q: Which of the following is the general obligation derived from the system of free enterprise that holds that parties must be able to count on the actions of other agents with whom they interact? A. the obligation to be fair in the transactions in which it engages B. the obligation not to undermine the freedom and values of the system C. the obligation to do no harm D. the obligation to live up to the contracts into which one enters freely

Q: The U.S. Supreme Court has ruled that there are__________classes of items that cannot be patented. a. two b. three c. four d. five

Q: A social audit is a systematic attempt to identify, measure, monitor, and evaluate an organization's performance with respect to its social efforts, goals, and programs.

Q: Which of the following is not a measure by which businesses in the United States are determined to be small- or medium-sized? A. Number of managers B. Annual sales C. Net profit D. Value of total assets

Q: The social audit can be an effective component of a firm's strategic control system.

Q: __________ is the existing body of knowledge available to a person of ordinary skill in the art. a. Prior experience b. Known facts c. Body of practice d. Prior art

Q: For the EU and the WTO, a business is considered "medium-sized" if it has how many employees? A. 100 or fewer B. 250 or fewer C. 50 or fewer D. 250-301

Q: The steps of the strategic management process are most effective if done sequentially in the order specified in the textbook.

Q: __________ is the process of taking something apart in order to understand it, build a copy of it, or improve it. a. Plagiarism b. Patent infringement c. Reverse engineering d. Decompiling

Q: Some management scholars believe that the successful firms of the future will be those that can meet stakeholders' social expectations and investment advisors' financial expectations.

Q: For the EU and the WTO, a small business is one with how many employees? A. 51-100 B. 50 or fewer C. 101-200 D. 201-300

Q: The __________of 1996 imposes penalties of up to $10 million and 15 years in prison for the theft of trade secrets.a. Prioritizing Resources and Organization for Intellectual Property (PRO-IP) Act b. The Economic Espionage Act (EEA)c. Agreement on Trade-Related Aspects of Intellectual Property Rights d. The Lanham Act

Q: Enterprise-level strategy and societal-level strategy are synonymous.

Q: Patent law protects__________. a. art and film b. information critical to an organization's success c. books d. inventions

Q: Which of the following is a statement of reciprocity? A. A transaction is just if there is a general feeling that it is just. B. A transaction is just if all those importantly affected by it freely agree to it as just. C. A transaction is just if the majority of people are treated fairly, as long as no direct harm is done to others. D. A transaction is just as long as due process of law within the host country is observed.

Q: The recognition that the "good of the country" is not the same as the "good of corrupt leaders" is an expression of which moral norm for multinational operations? A. Activity must benefit the host country B. Do no intentional direct harm C. Respect the human rights of workers D. Respect the laws of a host country

Q: The Digital Millennium Copyright Act (DMCA) was signed into law in__________. a. 1992 b. 1998 c. 1990 d. 1996

Q: Corporate public policy takes place primarily at the corporate level of strategy.

Q: There is a growing consensus that ethics should be a central component of strategic management.

Q: The restriction of multinationals from lobbying against reforms or laws that protect workers or consumers is an expression of which norm? A. Promote the development of just background institutions internally. B. Respect the human rights of workers C. Do no intentional direct harm D. Respect the laws of a host country.

Q: Programs with open source code can be adapted to meet new needs, and bugs can be rapidly identified and fixed. a. True b. False

Q: Which of the moral norms prevents engaging in slavery and apartheid, paying less than subsistence wages, and providing less than adequate and safe working conditions. A. Promote the development of just background institutions internally. B. Respect the human rights of workers C. Do no intentional direct harm D. Respect the laws of a host country.

Q: In the early days of the Web, many cybersquatters registered domain names for famous trademarks or company names to which they had no connection. a. True b. False

Q: Corporate public policy is a firm's posture or position regarding the public, social, global, and ethical aspects of stakeholders and corporate functioning.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Explain Harry Markopolos' opinion regarding the SEC.

Q: The first state to enact the Uniform Trade Secrets Act was Illinois. a. True b. False

Q: Which of the following is expressed by the norm to "do no intentional direct harm?" A. the moral maximum B. the moral mean C. the moral median D. the moral minimum

Q: Competitive intelligence analysts must be authorized to take unethical or illegal actions in the normal course of their job. a. True b. False

Q: Which of the following is not an unfair competition charge against multinationals? A. Multinationals pay higher wages than local companies. B. Multinationals do not carry their fair share of the cost of social development. C. Multinationals are able to operate on especially favorable and uncompetitive terms. D. Multinationals can borrow money at more favorable rates than local companies.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Discuss the role of shareholder democracy in corporate governance.

Q: Which of the following represent reasons for multinational corporations to operate in less developed countries (LDCs)? A. highly trained labor, tax incentives, scarce resources B. cheap labor, available resources, tax shelters C. good infrastructure, well-educated populace, textile factories D. strong currency, developed bureaucracies, decent healthcare

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Church groups are key members in the shareholder activist movement. One way that they gain access to corporate executives is by purchasing a small amount of stock and holding it a certain length of time (state laws usually dictate how much they need to buy and how long they need to hold it), which then allows them to introduce shareholder resolutions at stockholder meetings. Should small investors be able to wield influence like this, which arguably goes beyond their financial stake in the firm?

Q: Competitive intelligence involves the gathering and analysis of the trade secrets of your competitors. a. True b. False

Q: A common use of open source software is to move data from one application to another and to extract, transform, and load business data into large databases. a. True b. False

Q: Which of the following is not a charge leveled against the World Trade Organization? A. That LDCs are not benefited and are, in fact, harmed. B. That all nations, regardless of size and wealth, are given equal voice. C. That the organization is not democratic nor transparent in its practices. D. That all of the nations are not, in fact, equal.

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Should directors be held personally liable in cases of corporate misconduct?

Q: What, in the eyes of critics, has come to represent the epitome of globalization? A. International Monetary Fund (IMF) B. Multinational Corporations (MNC) C. World Trade Organization (WTO) D. Less Developed Countries (LDC)

Q: Open source code is any program whose source code is made available for use or modification, as users or other developers see fit. a. True b. False

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. The textbook mentions that business as a whole rarely, if ever, addresses the issue of legitimacy at the macro level. Imagine that the Chamber of Commerce approaches you to design a campaign to assure its legitimacy with the public. What kinds of issues would you address?

Q: Using reverse engineering, a developer can use the code of the current database programming language to recover the design of the information system application. a. True b. False

Q: Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. Forecast how society would change if business did lose its macro level of legitimacy.

Q: What did Lenin call the last stage of fully developed capitalism? A. imperialism B. socialism C. totalitarianism D. communism

Q: Which of the following is the non-Marxist critique of American capitalism that involves the view that the government overtaxes the population to produce unnecessary war materiel? A. The military-industrial complex B. False needs and overproduction C. Inequalities inherent in the system D. Exploitation

Q: Reverse engineering can only be applied to computer hardware, not computer software. a. True b. False

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Summarize the responsibilities that corporations should have toward their shareholders.

Q: Because organizations can risk losing trade secrets when key employees leave, they often try to prohibit employees from revealing secrets by adding non-compete clauses to employment contracts. a. True b. False

Q: Which of the following non-Marxist moral critiques of American capitalism involves the notion that capitalism creates waste? A. The military-industrial complex B. False needs and overproduction C. Inequalities inherent in the system D. Exploitation

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Why are church groups particularly visible in the shareholder activist movement?

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. List the reasons that good candidates for corporate board positions are hard to find.

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. What are the two main issues associated with CEO pay?

Q: Which of the elements of Marxist theory has to do with the notion that capitalism divides people into antagonistic camps and sets one against another? A. exploitation B. prevents production C. vested interests D. alienation

Q: A copyright is the exclusive right to distribute, display, perform, or reproduce an original work in copies or to prepare derivative works based on the work. a. True b. False

Q: Which of the following is not a Marxist critique of nineteenth-century capitalism? A. Capitalism is inherently immoral because it promotes the benefit of the whole of society rather than any particular group. B. Capitalism is inherently immoral because it cannot exist without robbing the worker of his due. C. Capitalism is inherently immoral because it necessarily involves the alienation of human beings. D. Capitalism is inherently immoral because it protects the vested interest of the few.

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Why are inside directors seen as problematic in corporate governance?

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Why is insider trading illegal and considered unethical? Isn't that exactly what financial markets are supposed to do--reward those who make good decisions?

Q: The World Intellectual Property Organization (WIPO) Copyright Treaty of 1996 eliminated many of the original copyright protections for electronic media. a. True b. False

Q: Antitrust legislation is an example of which of the following? A. Control of economic cycles B. Taxation C. Correction of unfair tendencies and of market failures D. Development of a welfare safety net

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. What is the difference between an owner and an investor?

Q: A trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential. a. True b. False

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Why is the generous nature of CEO retirement packages particularly frustrating to the public?

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. What is the primary problem inherent in management control of the firm?

Q: The term of copyright has been extended several times from its original limit of 25 years to 35 years. a. True b. False

Q: Which of the following needs that the American government has sought to meet has to do with the financing of government activities? A. Control of economic cycles B. Taxation C. Correction of unfair tendencies and of market failures D. Development of a welfare safety net

Q: Which of the following needs that the American government has sought to meet has to do with economic booms and busts and the effects of those on the unemployed? A. Development of a welfare safety net B. Provision of common goods C. Control of economic cycles D. Correction of unfair tendencies and of market failures

Q: The main body of law that governs patents is contained in Title 35 of the U.S. Code. a. True b. False

Q: Provide a short answer to each of these questions. Be sure to fully explain your answer. Describe how the separation of ownership and control came about.

Q: Cross-licensing agreements between organizations allow each party to sue the other over patent infringements. a. True b. False

Q: The fact that company information should be made at regular and frequent intervals and should contain information that might affect the investment decisions of shareholders is contained in the concept of A.full disclosure. B.transparency. C.open door reporting. D.both full disclosure and transparency.

Q: Which of the following needs that the American government has sought to meet has to do with caring for those ignored by the free enterprise system? A. Development of a welfare safety net B. Provision of common goods C. Control of economic cycles D. Correction of unfair tendencies and of market failures

Q: A trademark permits its owner to exclude the public from making, using, or selling a protected invention, and allows for legal action against violators. a. True b. False

Q: One of the main ways in which shareholder activists communicate their concerns to management is through A.the Internet. B.blogging. C.advertisements in mass media outlets. D.shareholder resolutions.

Q: For advocates of the free enterprise system, it works as it should, it does which of the following? A. Rewards all of those in society, regardless of their contributions. B. Rewards only those who contribute to the economy, and only in proportion to their contribution. C. Rewards only those who contribute to the economy, and singles out for punishment, those who don't. D. Rewards members of society randomly.

Q: Which philosopher claims that each person, in pursuing his own good, indirectly and unknowingly also promotes the public interest? A. John Stuart Mill B. Jeremy Bentham C. John Rawls D. Adam Smith

Q: The Digital Millennium Copyright Act (DMCA) was signed into law in 1998 and implements two 1996 WIPO treaties. a. True b. False

Q: Shareholder activism A.was started by the counter culture during the 1960s. B.has been around for more than sixty years. C.is lead by the Roman Catholic church. D.relies on large institutional investors to introduce most of the shareholder resolutions.