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Terms in this set (10)There is a common agreement among the public that corporate directors have a duty to maximize corporate profits and shareholder value, even if this means skirting ethical rules. false Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Sarbanes-Oxley Act What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? carbon tax Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? limited liability Results of a recent study indicate corporations benefit from following Corporate Social Responsibility (CSR) policies in multiple ways. These benefits can add value to a business and are collectively called a(n) ________. "halo effect" Sustainability is a short-term approach to the interaction between business activity, environmental responsibility, and societal impact on the environment and other stakeholders. False Corporate shareholders, directors, and the company's officers may all benefit from limited liability. True Which of the following did Nobel Prize-winning economist Milton Friedman believe? Shareholders should be able to decide what social initiatives to donate to or take part in. The "revolving door" effect occurs when the relationship between business and government becomes too close, as when executives from the private sector leave their jobs to work for government agencies, becoming the regulators rather than the regulated, and then return to industry. True What standards were developed on a global level in the 1990s, updated in 2015, and cover everything from the eco-design of factories and buildings to environmental labels to limits on the release of greenhouse gasses? ISO standards Sets with similar termsSBM Quiz #2 Chapter 3&448 terms theparkersr Business #210 terms jaclyn_slater Finance test 347 terms Bxcyns Sets found in the same folderBUSG 210 Practice Final Exam73 terms grramire Business Ethics Final97 terms beckyschroeder BUS 148 final flashcards - MASTER SET163 terms Hannah_Gordon20 BUSG 210 - Practice Midterm II50 terms grramire Other sets by this creatorethics ch 1 quiz10 terms lostockmoe Consumer Behavior Final49 terms lostockmoe ad management final80 terms lostockmoe Ad Management Mid term60 terms lostockmoe Other Quizlet setsExam IV questions67 terms darsazzman1 Conceptual Integrated Science: Chapter 6…15 terms lkbabbittTEACHER Physiology and Anatomy Test 180 terms ekstump ANATOMY MIDTERM OFFICIAL81 terms nkcherup19 Related questionsQUESTION A research scientist would be a prototype or example of which value orientation? 9 answers QUESTION Which examples illustrate how organizations are reacting to the environmental concerns that are both environmentally positive and profitable? 2 answers QUESTION A form of CSR where a company accused of irresponsible behavior promotes itself as being socially responsible without making substantial improvements. 2 answers QUESTION A system of principles concerning the actions of the nurse in his/her relationships with patient, family members, other healthcare workers, policymakers, and society 3 answers Which legislation was passed in 2002 that mandates reporting transparency?The Sarbanes-Oxley Act of 2002 was passed by Congress in response to widespread corporate fraud and failures. The act implemented new rules for corporations, such as setting new auditor standards to reduce conflicts of interest and transferring responsibility for the complete and accurate handling of financial reports.
Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act quizlet?Which of the following describes the efficacy of legislation like the California Transparency in Supply Chains Act? B. It is effective because it requires disclosure of information about suppliers' working conditions and does not govern those suppliers.
What is a pay to pollute system that charges a fee or tax to those who discharge carbon into the air?One method of dealing with the long-term harm caused by pollution is a carbon tax, that is, a “pay-to-pollute” system that charges a fee or tax to those who discharge carbon into the air.
Which concept means that the owners of corporations as well as directors and managers?The concept of limited liability means that the owners (shareholders or stockholders) of corporations, as well as directors and managers, are protected by laws stating that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership (Figure 4.2).
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Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities?
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