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1
Robert D. Hay and Edmund R. Gray, who believe that corporations have a responsibility to society that extends beyond merely maximizing profit, note that for the first 150 years of American history, people embraced the theory that social goals could be achieved by:
A)changing American values.
B)balancing the interests of several groups with interests in the business.
C)pursuing individual interests.
D)old-fashioned hard work and commitment.
2
In the opinion of Milton Friedman, who does not believe that corporations have a responsibility to society that extends beyond merely maximizing profit, when businessmen speak eloquently about the “social responsibilities of business in a free-enterprise system,” they are preaching:
A)a two-century-old brand of American idealism.
B)pure and unadulterated socialism.
C)quasi-capitalism.
D)the contemporary code of corporate propriety.
3
BusinessWeek, in its profile of abusive labor conditions in China, relates that Hewlett-Packard, Dell, and other companies that rely heavily on Chinese contractors to supply notebook PCs, digital cameras, and other items have:
A)brokered deals with monitoring agencies known to “look the other way.”
B)signed a collaborative pact to fight anti-sweatshop legislation on Capitol Hill.
C)formed an industry alliance to combat the abuses.
D)resolved to pull most of their contracts out of China by the end of 2012.
4
Daniel Griswold speaks on behalf of the Cato Institute, a:
A)cooperative research institute funded largely by the six leading U.S. corporations.
B)Harvard Business School research facility, established in 1908.
C)privately funded arm of the American Conservative Union.
D)nonprofit, nonpartisan, voluntarily funded education institution.
5
In 2006, according to Sarah Anderson et al., the average American worker’s annual salary was less than what was earned every 10 minutes by each of the top 20 earners in the most lucrative corner of America’s business sector, which is the:
A)sports and entertainment industry.
B)medical and pharmaceutical industry.
C)private-equity and hedge-fund industry.
D)mortgage and refinancing industry.
6
Central to Ira T. Kay's argument is the statement that the CEOs of well-run companies:
A)receive approximately 1 percent of their corporations' net income.
B)produce significant shareholder returns.
C)provide job security for millions of workers.
D)all of the above.
7
According to Ian Meklinsky and Anne Ciesla Bancroft, when employees seek redress from electronic monitoring, the typical outcome is that:
A)the employees lose their jobs.
B)such a claim is not even recognized by the local jurisdiction.
C)the courts find that the employers have not invaded the employees’ privacy.
D)the courts rule in favor of the employees.
8
The National Workrights Institute reveals that, when asked if they would be interested in having personal information from employees’ home computers, corporate attorneys responded:
A)positively.
B)negatively.
C)with mixed feelings.
D)by not responding.
9
Carl Cohen wholeheartedly believes that within the populations (both student and faculty) of our universities, a value worthy of pursuit is:
A)ethnic diversity.
B)intellectual diversity.
C)economic diversity.
D)religious diversity.
10
Garth Massey observes that the range of opposition to affirmative action is wide, noting, for instance, that those on the extreme political right deny the very existence of socially structured inequality, believing instead that social inequality is a consequence of:
A)personal effort.
B)parental foresight.
C)biology.
D)all of the above.
11
According to Elaine Davis and Stacie Hueller, the most common professions in which employees use methamphetamines are:
A)sports and entertainment.
B)construction and manufacturing.
C)sales and retail.
D)law and law enforcement.
12
Russ Belville maintains that drug testing lowers employee morale and that an overwhelming majority of workers find it profoundly unfair that drug testing does not consider the:
A)issue of loyalty.
B)abuse of alcohol.
C)medical necessity of certain drugs.
D)U.S. Constitution.
13
According to Stephen Rose and Heidi Hartman, who believe that gender discrimination is the main reason that women are paid less than men, within each of the six gender-tier categories, the percentage of workers of one gender is at least:
A)10 percent.
B)25 percent.
C)40 percent.
D)75 percent.
14
As assessed by Frank Zepezauer, who does not believe that gender discrimination is the main reason that women are paid less than men, the feminist movement had become in the 1990s what the labor movement had become in the 1950s, a powerful interest group that commanded the respectful attention of the Democrats and the:
A)insatiable fascination of the media.
B)reluctant support of the White House.
C)worried deference of the Republicans.
D)dismissive ridicule of the corporate community.
15
F. Vincent Vernuccio predicts that the passing of the Employee Free Choice Act will render the use of the secret ballot in union recognition elections:
A)a mere legal technicality.
B)an illegal option.
C)an option used only about 35-40 percent of the time.
D)a refuge to which union supporters will eventually return.
16
Ross Eisenbrey and David Kusnet note that the Employee Free Choice Act was introduced by:
A)Rep. Peter King (R-New York).
B)Sen. Edward Kennedy (D-Massachusetts).
C)Rep. George Miller (D-California).
D)all of the above.
17
K. C. McAlpin is critical of the EEOC when he says that the EEOC deliberately uses incomprehensible terminology by substituting:
A)“original appearance” for “birthplace.”
B)“genetic threads” for “ancestry.”
C)“social commonalities” for “culture.”
D)“linguistic characteristics” for “language.”
18
According to Amy Crowe, several scholars have proposed that Congress amend Title VII to include language, ensuring that courts would have to treat English-only policies as a form of:
A)intentional deference.
B)disparate impact.
C)business necessity.
D)regulatory justification.
19
As Andrew Simone and Brian Kleiner would say, layoffs should be:
A)tactical.
B)strategic.
C)aggressive.
D)frequent and small.
20
Kenneth Levitt et al. are in agreement with the belief that “no other single factor has had as dramatic an impact on the erosion of trust in corporate America as the massive downsizings of the past decade,” a statement credited to:
A)businessman Lee Iacocca.
B)presidential candidate John McCain.
C)management consultant Robert Shaw.
D)pro-downsizing authors Andrew Simone and Brian Kleiner.
21
In BusinessWeek, we read that, after implementing an aggressive offshore outsourcing strategy, IndyMac reports that in four years it has:
A)doubled its U.S. workforce.
B)stopped hiring American workers.
C)reduced its U.S. workforce by 2,500 jobs.
D)yet to see a boost in efficiency.
22
In his analysis of outsourcing, Ephraim Schwartz points to such negative aspects as:
A)continually missed deadlines.
B)time differences.
C)language barriers.
D)all of the above.
23
For decades, says Marc Epstein, success and failure in mergers and acquisitions (M&A) have been studied:
A)in closed corporate circles and not shared to the greater business good.
B)more in academic settings than in the real world of commerce.
C)in terms of narrow and uninformative measures.
D)in terms of broad measures and emotional perspectives.
24
When Anand Sanwal’s team evaluated 33 “megadeals” from Europe, Canada, and the United States, they found that, if any success was to be measured, it was usually attributable to:
A)well-calculated timing.
B)macroeconomic factors beyond the control of the acquirer.
C)higher-risk transaction profiles.
D)lower-risk transaction profiles.
25
William T. Robinson and Sungwook Min, who believe that first-to-market is a successful strategy, contend that survival rates for market pioneers are typically enhanced by
A)technological innovation.
B)initial enthusiastic customer response.
C)their temporary monopoly.
D)market uncertainty.
26
With regard to research on the effect of entry order on business profit, William Boulding and Markus Christen, who do not believe that first-to-market is a successful strategy, contend that
A)research proves that a market share advantage leads to a sustainable profit advantage.
B)research is widely conflicting.
C)research shows that there is a weak relationship between timing of market entry and profit.
D)there is virtually no empirical research on the topic.
27
According to Clayton M. Christensen and Michael E. Raynor, who believe that firms must constantly grow to be considered successful, changes in stock prices are driven largely by
A)the percentage at which a company's earnings meet investors' predictions for growth.
B)unexpected changes in the rate of change in a company's earnings and cash flow.
C)the direction of growth.
D)the present value of a company's stock price compared to that of other companies in its competing markets.
28
Jim Mackey and Liisa Välikangas, who do not believe that firms must constantly grow to be considered successful, assert that companies are successful until they
A)are not.
B)declare bankruptcy.
C)attempt to grow too quickly.
D)start monkeying with their core business.
29
As noted by the Sierra Club, genetic diversity is:
A)a relatively new concept in environmental science.
B)a misunderstood phenomenon.
C)the product of evolution acting on wildness.
D)a random process, not a calculable necessity.
30
Paul Driessen makes the assertion that there exists a “mutant version” of corporate social responsibility that demands that businesses and nations conduct their affairs in accord with new codes that derive from several intertwined doctrines of social and environmental:
A)integrity.
B)ethics.
C)radicalism.
D)awareness.
31
Malanga's assessment of America's immigrants includes a mention of Asian entrepreneurs, who:
A)run businesses despite their largely undocumented status.
B)helped revive inner-city Los Angeles, thus being exceptions to the negative immigrant norms.
C)have done more to build the drug and pornography trades in the United States than any other group.
D)are involved in more organized crime than the Mafia.
32
Furchtgott-Roth explains that the "unskilled labor force" is efined as those who:
A)have just joined the workforce.
B)do not have high school diplomas.
C)are under the age of 25.
D)work in one of the "F" industries: factories, farms, and ood services.
33
As expressed by Paul Gigot and Guy Sorman, the thing that is proving to be the best protection for oppressed minorities and, thus, one of the most vital aspects of globalization, is:
A)equity.
B)economic relief.
C)knowledge.
D)political leverage.
34
Branko Milanovic believes that, compared to the United States, Europe struggles more:
A)in absorbing immigrants.
B)because of socio-political stigmas.
C)with domestic discontent.
D)with government-imposed business regulations.
35
Ha-Joon Chang reports that, between the 1930s and the 1980s, Finland officially classified all firms with more than 20 percent foreign ownership as:
A)trade giants.
B)dangerous enterprises.
C)mentor companies.
D)model industries.
36
Out of his research, one of Robert Krol’s summarized points is that the thing that remains the major driver of global trade flows is:
A)income growth.
B)trade liberalization.
C)trade expansion.
D)comparative advantage.





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