Biz Ethics Qs PDF

Our class reading and discussion proposed an alternative to "spliting the pie" between business and society society claiming more of the pie , Not Selected making more pies , Not Selected Correct answer: growing the pie business sharing more of the pie , Not Selected Feedback Based on answering co...

Our class reading and discussion proposed an alternative to "spliting the pie" between business and society society claiming more of the pie , Not Selected making more pies , Not Selected Correct answer: growing the pie business sharing more of the pie , Not Selected Feedback Based on answering correctly Purpose-driven businesses seek to grow the pie to benefit both business and society. Results for question 2. 2 1 / 1 point The tyranny of the majority refers to the impact of a few powerful CEOs on society , Not Selected the more populated countries create and keep the most wealth , Not Selected the largest shareholders have more votes than individual shareholders , Not Selected Correct answer: benefits to the majority are valued more than harming the minority Feedback Based on answering correctly One of the issues with utilitarianism is the tyranny of the majority which sacrifices the minority to benefit the majority. Results for question 3. 3 1 / 1 point Reimagining the future of capitalism focuses on maximizing short term value creation , Not Selected giving everyone equal opportunity , Not Selected minimizing the role of free markets , Not Selected Correct answer: creating a more just and sustainable future Feedback Based on answering correctly Reimagining the future of capitaism focuses on the longer term and the common good for a more just and sustainable future. Results for question 4. 4 1 / 1 point When someone explains a decision by saying "It is not against the law" they are applying the deontology ethical theory. Correct answer: True False Results for question 5. 5 1 / 1 point If a student justifies their decision to share their Hulu password by saying, "It makes my friends happy and Hulu is a big company that won't miss the money" they are using the virtue ethics. True Correct answer: False Results for question 6. 6 1 / 1 point Designing an ethical organization encompasses action around these four pillars: implicit intentions, thoughts during judgment, sustainability, virtue , Not Selected community, management, norms, values , Not Selected Correct answer: cultural norms, explicit values, incentives, thoughts during judgement communication, employee engagement, integrity, stakeholders , Not Selected Results for question 7. 7 2 / 2 points Social incentives do not include recognition, praise, and/or validation. True Correct answer: False Results for question 8. 8 1 / 1 point A medical journal publishing research about potential health impacts of a product would be an example of which type of stakeholder power? voting , Not Selected ethics , Not Selected Correct answer: information none of the above , Not Selected Results for question 9. 9 0 / 1 point Using the utilitarianism approach to ethical decision making requires the decision maker make a long list of stakeholders. True Incorrect answer: False Correct Answer:True Feedback Based on answering incorrectly True. Using the utilitarianism approach to ethical decision making requires the decision maker make a long list of stakeholders Results for question 10. 10 1 / 1 point The largest operating expense for most businesses is legal fees , Not Selected taxes , Not Selected Correct answer: payroll stakeholder management , Not Selected Results for question 11. 11 1 / 1 point Most jobs in businesses in the United States are "at will" which means employees must have a written contract with their employer , Not Selected employees choose when they work , Not Selected employers agree to treat their employees fairly , Not Selected Correct answer: employees can be fired without a reason Feedback Based on answering correctly At-will employment means either the employer or the employee may terminate employment at any time, with or without cause or prior notice. Results for question 12. 12 1 / 1 point Applying virtue ethics requires decision makers to ask one central question. Who will benefit from my decision? , Not Selected Whose rights are most important? , Not Selected Correct answer: What kind of person do I want to be? What values take priority? , Not Selected Feedback Based on answering correctly Virtue ethics is focused on the character of the individual. Results for question 13. 13 2 / 2 points USD's Academic Honesty Statement for the Knauss School of Business states that the following acts are dishonest and therefore not allowed.  "Use of any class materials from another student from current or previous semesters." "Giving or receiving unauthorized assistance on an exam or assignment." Correct answer: True False Results for question 14. 14 1 / 1 point A survey asking people about the perceived ethics of different professions found that the most trusted professions were: Correct answer: in the health care industry low paying jobs , Not Selected government employees , Not Selected served the public , Not Selected Feedback Based on answering correctly The most trusted professions were nurse, doctor, teacher, and police officer with the most trusted professions in the health care industry. Results for question 15. 15 1 / 1 point Extra credit in this Business & Society course involves the following: Working with your team on every group assignment. , Not Selected Correct answer: Attending pre-approved special events and writing up/submitting a one page summary. Giving a short presentation on a club or program that you are a part of. , Not Selected All of the above. , Not Selected Results for question 16. 16 1 / 1 point Shareholders in a company typically vote on Correct answer: members of the board of directors senior-level management hires , Not Selected new marketing campaigns , Not Selected none of the above , Not Selected Results for question 17. 17 1 / 1 point Regarding explicit company values in general (and the Microsoft example used in class), most companies list ethics or integrity among their official core values. Correct answer: True False Results for question 18. 18 1 / 1 point Money is always the most effective way to motivate employees to be ethical. True Correct answer: False Feedback Based on answering correctly Incentives for ethical behavior need to include non-financial social and moral rewards including recognition, respect, appreciation, and contributing to meaningful work. Results for question 19. 19 0 / 1 point The deontological approach to ethics is based on character , Not Selected Incorrect answer: righteousness Correct Answer: intent intent , Not Selected greatest good , Not Selected Results for question 20. 20 1 / 1 point In recent business news, the US Department of Justice filed a complaint against Google for violating antitrust laws that allege the company has a monopoly over its search engine and online ad technology. Correct answer: True False Results for question 21. 21 1 / 1 point A financial analyst can always confidently rely on the results of a cost benefit calculation to guide their ethical decision decision making. True Correct answer: False Feedback Based on answering correctly Relying on financial calculations does not ensure ethical decision making. Results for question 22. 22 1 / 1 point The most important and prevalent ethical issue for companies to address is bribery. True Correct answer: False Feedback Based on answering correctly While bribery is an ethical issue, there are other ethical issues that are more prevalent in business. Results for question 23. 23 3 / 3 points The Business Roundtable recently promoted the idea that a business has a commitment to five specific stakeholders. Their statement on the purpose of corporation identifies those stakeholders as: customers , Not Selected employees , Not Selected shareholders , Not Selected suppliers , Not Selected community (including environment) , Not Selected Correct answer: All options listed Results for question 24. 24 1 / 1 point Shareholders display their stakeholder power primarily through Correct answer: voting lobbying , Not Selected lawsuits , Not Selected social media , Not Selected all of the above , Not Selected Feedback Based on answering correctly The most relevant stakeholder power for shareholders is the power to vote at the company annual meeting. Results for question 25. 25 0 / 1 point Corporate governance refers to Incorrect answer: the details in a code of conduct Correct Answer: the distribution of responsibilities for decision making in a business the distribution of responsibilities for decision making in a business , Not Selected the rules and punishments for breaking the rules , Not Selected business working with the government , Not Selected Feedback Based on answering incorrectly Corporate governance refers to the distribution of responsibilities for decision making in an organization. Results for question 26. 26 1 / 1 point The Human Resources (HR) department of a company can incorporate ethics into their processes by doing which of the following? Gathering the contact information of various candidates for other uses. , Not Selected Correct answer: Ensuring fairness in candidate recruitment and selection. Hiring based on a person's gender, age, and abilities. , Not Selected None of the options listed , Not Selected Results for question 27. 27 1 / 1 point If a business is just focused on compliance they are most concerned with promoting ethical behavior , Not Selected Correct answer: folllowing the law meeting customer requests , Not Selected giving every employee equal opportunity , Not Selected Feedback Based on answering correctly Compliance is about following the law which is the moral minimum. Results for question 28. 28 1 / 1 point The golden rule (treat others as you would want to be treated) is commonly referenced as a guide for ethical decision making. However, one concern with the golden rule is it doesn't consider the specifics of a situation , Not Selected Correct answer: it assumes your preferences are the same as others it is not relevant across all cultures , Not Selected not everyone knows the golden rule , Not Selected Results for question 29. 29 1 / 1 point The defining characteristics of a capitalist economy include: loans, debt and interest , Not Selected a foundation of ethical principles , Not Selected the drive for equality , Not Selected Correct answer: efficiency, innovation, and investment Results for question 30. 30 1 / 1 point According to GBES State of Ethics & Compliance in the Workplace (2023), less than 5% employees feel pressured to compromise their ethics at work. True Correct answer: False Feedback Based on answering correctly Around 10% of employees have felt pressured to compromise their ethics at work Results for question 31. 31 1 / 1 point Following Aristotle's ideas about the golden mean (as opposed to "golden rule", which is part of another question) would be to maximize your personal fulfillment , Not Selected treat others how you want to be treated , Not Selected Correct answer: avoid extreme behavior try to benefit the average person , Not Selected Feedback Based on answering correctly Aristotle's gold mean says moral behavior finds the mean between the extremes of excess and deficiency. Results for question 32. 32 1 / 1 point The five types of stakeholder power are: ethical, environmental, informational, legitimate, voting , Not Selected environmental, ethical, informative, marketable, political , Not Selected Correct answer: economic, information, legal, political, voting authoritative, ethical, legitimate, sustainable, supply chain , Not Selected Results for question 33. 33 1 / 1 point Signing your name when providing information on a form encourages more honest data when printing and signing your full name , Not Selected Correct answer: signing before completing the form signing your name on every page of the form , Not Selected signing after completing the form , Not Selected Feedback Based on answering correctly People are more likely to complete a form accurately when they sign their name before submitting the form. Results for question 34. 34 1 / 1 point Ethical theories would never put a value on a human life. True Correct answer: False Results for question 35. 35 1 / 1 point What is a concern with relying on utilitarianism to make ethical decisions? it doesn't work well for business decisions , Not Selected Correct answer: it disregards minority rights it is too complicated to explain clearly , Not Selected it is culturally specific , Not Selected Feedback Based on answering correctly While utilitariansim is a valid and popular ethical theory, its main issues are the difficult in calculating a value on all potential benefits and harms and it inherently disregards minority rights. Results for question 36. 36 1 / 1 point How would you apply the veil of ignorance when slicing a pizza for a group of people that included very hungry students and those who don't like pizza? give the largest piece to the hungriest person , Not Selected ask who wanted pizza , Not Selected calculate what would create the most benefit , Not Selected Correct answer: cut the pizza in to equal slices Feedback Based on answering correctly When slicing a pizza, the veil of ignorance woud suggest you do not consider who is hungry, unable to afford food, not interested in pizza, etc. and slice the pizza in equal proportions. Results for question 37. 37 1 / 1 point Each business determines what they think is an acceptable value of a gift to avoid the potential for bribery, but the federal government has a limit on the value of gifts at any dollar value can be acceptable as long as it is reported , Not Selected $50 , Not Selected no gifts are acceptable , Not Selected Correct answer: $20 Feedback Based on answering correctly While businesses vary on their policy for gifts, the federal government only allows gifts up to $20 in value (and never cash gifts). Results for question 38. 38 1 / 1 point The veil of ignorance refers to Correct answer: making decisions without considering knowledge of the people involved ignoring ethical dilemmas , Not Selected not understanding different ethical theories , Not Selected excluding the cultural dimensions of ethics , Not Selected Results for question 39. 39 1 / 1 point Nepotism in business is always unethical. True Correct answer: False Results for question 40. 40 1 / 1 point Regarding leadership and norms, what approximate percentage of CEOs were fired according to PricewaterhouseCoopers (PwC)? 25% , Not Selected Correct answer: 40% 50% , Not Selected 15% , Not Selected Results for question 41. 41 2 / 2 points The greatest influence on employee behavior in an organizational context is that of: codes of ethics , Not Selected Correct answer: behavior of peers and coworkers personal moral values , Not Selected voluntary responsibilities , Not Selected Results for question 42. 42 0 / 1 point In accordance with the professional behavior policy in this course, if you are unable to attend class, you must email me after the missed class for your absence to be excused. Five or more more unexcused absences from class will result in an automatic failure for the course. Incorrect answer: True Correct Answer:False False Results for question 43. 43 1 / 1 point According to the Institute of Ethics data presented in class, which of the following ethical issues is most prevalent in business? corruption , Not Selected Correct answer: employee mistreatment false marketing , Not Selected employee theft , Not Selected Feedback Based on answering correctly Some of the most common ethical issues in business include the treatment of employees including diversity and discrimination. Results for question 44. 44 0 / 1 point According to the Ethisphere chart reviewed in class, the five-year ethics premium showed more ethical businesses outperformed average businesses in a large cap index by what amount around 8% , Not Selected there was no measurable difference in financial performance , Not Selected around 14% , Not Selected Incorrect answer: around 2% Correct Answer: around 14% Feedback Based on answering incorrectly According to the chart reviewed in class, the five-year ethics premium showed more ethical businesses outperformed average businesses by 13.6% between 2018 and 2023. Results for question 45. 45 2 / 2 points The 2019 revised statement on the purpose of the corporation that received much publicity was created by Correct answer: business leaders wanting to build long-term value academics teaching about business , Not Selected workers demanding better wages , Not Selected customers demanding better products , Not Selected Results for question 46. 46 1 / 1 point The mission statement of the Knauss School of Business emphasizes developing business leaders that are financially literate , Not Selected experts in their field , Not Selected Correct answer: socially responsible all of the above , Not Selected Feedback Based on answering correctly The mission of the Knauss School of Business is to develop socially responsible leaders with a global mindset through academically rigorous, relevant and values-based education and research. Results for question 47. 47 1 / 1 point While every business has ethical issues, some companies have been recognized by Ethisphere as one of the World's Most Ethical companies (i.e. PepsiCo, Best Buy & Starbucks). Correct answer: True False Results for question 48. 48 0 / 1 point Finland's decision to issue speeding tickets based on a person's income could be an example of utilitarianism , Not Selected Incorrect answer: distributive justice Correct Answer: relativism relativism , Not Selected universalism , Not Selected Results for question 49. 49 1 / 1 point Following solely on the law is the best plan for a company that wants be ethical. True Correct answer: False Feedback Based on answering correctly Following the law is a minimum expectation, ethics has a higher standard. Results for question 50. 50 1 / 1 point What is the Business Roundtable? an annual conference for business executives , Not Selected an organization promoting increasing shareholder value , Not Selected Correct answer: an organization of top CEO's promoting economic prosperity and corporate purpose a group of companies that promote alternatives to capitalism , Not Selected Feedback Based on answering correctly The Business Roundtable is an organization of approximately 200 CEOS of the largest companies in the U.S. that collaborate to promote business interests. Results for question 51. 51 1 / 1 point To avoid confusing employees it is best to only use one type of incentive for ethical behavior. True Correct answer: False Feedback Based on answering correctly Different people are motivated differently so it is best to motivate ethical behavior by using all types of incentives. Results for question 52. 52 1 / 1 point Which of the following is true about shareholders and stakeholders Correct answer: shareholders are stakeholders, but not all stakeholders are shareholders shareholders focus primarily on employees and customers , Not Selected stakeholders want a return on their financial investments , Not Selected they are the same , Not Selected Feedback Based on answering correctly Shareholders are a type of stakeholder. Results for question 53. 53 1 / 1 point Philosopher Immanuel Kant's universal law refers to a common definition of what is good , Not Selected Correct answer: the right action is one everyone should follow a global system of ethics , Not Selected the quest for knowledge on morality , Not Selected Results for question 54. 54 3 / 3 points What was the most effective motivator to get people to donate blood? Share emotional stories about people that need blood , Not Selected Provide data on the trends in blood donations , Not Selected Pay them to donate blood , Not Selected Correct answer: Make the person feel good about themself Feedback Based on answering correctly People were more likely to give blood when the message appealed to their moral values (rather than economic incentives that decreased donations) and made a charitable donation on their behalf. Results for question 55. 55 1 / 1 point According to U.S. employment law, employees that choose to be a whistleblower can be fired for harming the company's reputation. True Correct answer: False Feedback Based on answering correctly Whistleblowers are legally protected from retaliation including losing their job, but companies often find other reasons to fire the whistleblower. Results for question 56. 56 1 / 1 point The Business Roundtable Statement affirmed the older shareholder approach that the foremost objective of business is profit maximization. True Correct answer: False Results for question 57. 57 0 / 1 point The assigned reading "How Great Companies Deliver both Purpose and Profit" authored by Alex Edmans based his research and article on what field of study? finance , Not Selected ethics , Not Selected philosophy , Not Selected Incorrect answer: sustainability Correct Answer: finance Feedback Based on answering incorrectly Alex Edmans works in the field of finance and presents his research on purpose and profit based on financial findings. Results for question 58. 58 1 / 1 point A PwC study found the most common reason a CEO was fired was due to lying to investors , Not Selected Correct answer: ethical issues dating employees , Not Selected poor financial results , Not Selected Feedback Based on answering correctly A PwC study found the most common reason a CEO was fired was for ethical lapses. Results for question 59. 59 1 / 1 point What are three types of incentives for employees when designing an ethical organization? engagement, promotion, valuation , Not Selected Correct answer: economic, moral, social cultural, professional, transactional , Not Selected none of options listed , Not Selected Results for question 60. 60 1 / 1 point Utilitarian ethics believes individuals have the right to make their own choices , Not Selected the right action does not depend on the situation , Not Selected Correct answer: pursue the greatest good everyone should be treated fairly , Not Selected Results for question 61. 61 1 / 1 point Posting a radar speed sign as ethical reminder is an example of what pillar? Correct answer: thoughts during judgment integrity , Not Selected cultural norms , Not Selected incentives , Not Selected Feedback Based on answering correctly In an experiment conducted in an office setting, employees were more likely to contribute to the voluntary coffee fund when there was a picture of a pair of eyes. Results for question 62. 62 1 / 1 point A whistleblowing program encourages employees to engage in unethical behavior. True Correct answer: False Feedback Based on answering correctly A whistleblowing program encourages employees to report unethical behavior. Results for question 63. 63 1 / 1 point According to recent research on lost wallets, what objects inside a lost wallet are more likely to influence the wallet's return? Correct answer: a key a government identification , Not Selected a phone number , Not Selected a reward , Not Selected Feedback Based on answering correctly Wallets are more likely to be returned when they contain more money or a key. The CEO to worker pay ratio around thirty years ago (when most current CEOs were in school) was about the same as today , Not Selected much lower than today , Not Selected Incorrect answer: much higher than today Correct Answer: much lower than today unknown , Not Selected Feedback Based on answering incorrectly In the 1990's the CEO to worker pay was closer to 100:1 - much lower than today. Results for question 2. 2 0 / 1 point The United Nations, an international organization, with member states was formed in 1945 in response to: the growth in global business , Not Selected a decline in global life expectancy , Not Selected World War II , Not Selected Incorrect answer: a documented increase in carbon emissions Correct Answer: World War II Feedback Based on answering incorrectly The United Nations was formed after War World II and their stated purposes are to maintain international peace Links to an external site. and security Links to an external site. , develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. Results for question 3. 3 0 / 1 point The Sunshine Protection Act would establish a permanent daylight saving time in the U.S. True Incorrect answer: False Correct Answer:True Results for question 4. 4 1 / 1 point Clothing manufacturers are considered a sweatshop if the temperature of the working environment is too hot , Not Selected the workers earn less than a living wage , Not Selected workers work more than 40 hours a week , Not Selected Correct answer: the company is not following labor laws Results for question 5. 5 1 / 1 point UNSDG #5 is Space Research. True Correct answer: False Results for question 6. 6 0 / 1 point When calculating company turnover, the numerator of the formula should only include Incorrect answer: employees who quit the company Correct Answer: all employees that left the company employees who were fired from the company , Not Selected employees that the company did not want to leave , Not Selected all employees that left the company , Not Selected Results for question 7. 7 1 / 1 point Some states have banned excessive price increases on essential goods in what circumstance? never, capitalism depends on unregulated pricing , Not Selected Correct answer: when it happens during a state of emergency when it involves life-saving medicine , Not Selected when it harms children under 18 , Not Selected Feedback Based on answering correctly Raising prices during a state of emergency is consider price gouging and is illegal. Results for question 8. 8 1 / 1 point Any employee that works more than 40 hours a week is legally entitled to overtime pay. True Correct answer: False Feedback Based on answering correctly Only non-exempt employees that work more than 40 hours a week are legally entitled to overtime pay. Results for question 9. 9 1 / 1 point In class we sampled Tony's Chocolonely which differentiates its product from most of its competitors because of Correct answer: no slave labor no deforestation , Not Selected no palm oil , Not Selected less sugar , Not Selected Feedback Based on answering correctly Tony's Chocolonely was created to offer a chocolate product that was free from slave labor. Results for question 10. 10 1 / 1 point Starting April 1, 2024, California raised the minimum wage for all fast food workers to $20/hour. Correct answer: True False Results for question 11. 11 1 / 1 point Surveys show most Americans are not worried about climate change yet. True Correct answer: False Results for question 12. 12 1 / 1 point Net zero emissions is the same as reducing all emissions to zero. True Correct answer: False Results for question 13. 13 1 / 1 point The University of San Diego recently changed their investment policy to invest in companies that support higher education , Not Selected invest in companies that hire USD graduates , Not Selected Correct answer: invest in companies with a positive social impact stop investing in companies that produce weapons of war , Not Selected all of the above , Not Selected Results for question 14. 14 1 / 1 point What is the unit of measurement for greenhouse gas emissions? kilowatts , Not Selected Correct answer: tons gallons , Not Selected parts per million , Not Selected Feedback Based on answering correctly Carbon emissions are measured in metric tons. Results for question 15. 15 1 / 1 point Employees make more money if they are paid a salary versus an hourly wage. True Correct answer: False Results for question 16. 16 1 / 1 point It is not possible for a company to pay living wages and be profitable. True Correct answer: False Feedback Based on answering correctly Paying living wages is a significant expense but several companies have demonstrated that they can sill be profitable while paying living wages. Results for question 17. 17 1 / 1 point The two largest types of greenhouse gasses that contribute to climate change include carbon dioxide (CO2) and Nitrous Oxide , Not Selected Helium , Not Selected Fluorinated Gases , Not Selected Correct answer: Methane Results for question 18. 18 1 / 1 point Reaching net zero is so difficult that large businesses are not setting net zero goals. True Correct answer: False Feedback Based on answering correctly While net zero is an aggressive goal, thousands of large businesses are setting net zero goals. Results for question 19. 19 1 / 1 point In the United States it is illegal to make a profit from prisons. True Correct answer: False Feedback Based on answering correctly In the United States, for-profit prisons are a $7 billion industry. Results for question 20. 20 1 / 1 point What is the penalty for countries that fail to meet the Paris Climate Agreement goals? they lose access to funding sources , Not Selected they get a large fine , Not Selected Correct answer: there is no penalty they are kicked out of the agreement , Not Selected Feedback Based on answering correctly There is no enforcement for countries to comply with the Paris Climate Agreement. Results for question 21. 21 1 / 1 point Socially responsible investing (SRI) usually generates lower returns than traditional investing, so SRI has limited invesment funds. True Correct answer: False Feedback Based on answering correctly Socially responsible investing (SRI) ie expected to genereate financial and socila returns so represents about one third of all investments. Results for question 22. 22 1 / 1 point In the United States, all for-profit businesses are legally required to give their employees how many paid holidays? 5 , Not Selected 11 , Not Selected Correct answer: 0 8 , Not Selected Results for question 23. 23 1 / 1 point The pharmaceutical company that faced consumer and government scrutiny around the EpiPen, a life-saving product to treat asthma and allergy attacks, because they didn't manufacture enough of the product to meet the demand , Not Selected they did not recall the product after serious side effects were reported , Not Selected Correct answer: they raised the price significantly they did not distribute the product to all the countries that requested it , Not Selected Feedback Based on answering correctly Mylan faced scrutiny for the massive price increase in the life saving Epipen product. Results for question 24. 24 1 / 1 point In the U.S., most minimum wage workers are teenagers earning extra spending money. True Correct answer: False Results for question 25. 25 3 / 3 points In recent years there has been more attention on ESG where the acronym stands for Environmental, Social, Goals , Not Selected Ecological, Societal, Governance , Not Selected Correct answer: Environmental, Social, Governance Ecological, Societal, Goals , Not Selected Results for question 26. 26 1 / 1 point The Global Compact set a high standard for corporate social responsibility so that most for-profit companies were reluctant to join. True Correct answer: False Feedback Based on answering correctly Over 17,000 companies have joined the Global Compact as the 10 principles in 4 areas are not very demanding. Results for question 27. 27 0 / 3 points Our class makes frequent reference to the global efforts towards the Sustainable Development Goals (SDGs). Who made them, how many are there, and what's the deadline? United Nations, 20, 2050 , Not Selected Incorrect answer: United Networks, 17, 2030 Correct Answer: None of the above Universal Nations, 25, 2100 , Not Selected None of the above , Not Selected Results for question 28. 28 1 / 1 point The consensus in the global science community predicts the world is on track to increase temperatures by what amount by the end of this century? around 1.5 degrees Fahrenheit , Not Selected around 3 degrees Fahrenheit , Not Selected Correct answer: around 3 degrees Celsius around 5 degrees Celsius , Not Selected Results for question 29. 29 1 / 1 point If a company reports that they are taking care of the planet because they have reduced their waste, you would also want to know about their emissions and pollutants to assess their overall environmental impact. Correct answer: True False Results for question 30. 30 0 / 1 point What does it mean to be an exempt employee? Exempt employees get paid vacation on federal holidays. , Not Selected Incorrect answer: Exempt employees earn 1.5x pay if they work on holidays. Correct Answer: Exempt employees are paid a salary rather than hourly wages Exempt employees are paid a salary rather than hourly wages , Not Selected Exempt employees must earn at least the federal minimum wage. , Not Selected Feedback Based on answering incorrectly Exempt employees are paid a salary so do not have a set number of hours they work and so are not eligible for overtime pay. Results for question 31. 31 1 / 1 point Companies that commit to being socially responsible will report on their triple bottom line which means they report on expected earnings, actual earnings, and the difference between expected and actual earnings , Not Selected employee satisfaction, emissions reduced, and taxes paid , Not Selected Correct answer: people, planet, profit revenue, earnings, and tax liabilities , Not Selected Feedback Based on answering correctly The triple bottom line refers to companies providing data on the performance in the areas of people, planet, and profit. Results for question 32. 32 1 / 1 point When a company is addressing labor issues in their supply chain, the recommendation for companies to remediate refers to canceling contracts with suppliers that use child labor , Not Selected Correct answer: working with supplier to resolve the problem withhold pay from suppliers until they fix the problem , Not Selected visiting the supplier more frequently , Not Selected Results for question 33. 33 1 / 1 point When a magazine published a picture of a Pakistani boy making Nike soccer balls, Nike's response was the boy was choosing to work , Not Selected Correct answer: the boy was not a Nike employee the boy was helping provide an income for his family , Not Selected it was a rare occurrence , Not Selected Results for question 34. 34 1 / 1 point As discussed in class, what is a "science based target" for a company? a quantifiable measure of social impact , Not Selected a SMART goal to improve ESG ratings , Not Selected Correct answer: an emissions goal aligned with the Paris Climate agreement a target for revenue from socially responsible products , Not Selected Feedback Based on answering correctly A science based target is a verified goal for a company that aligns with the Paris Climate Agreement goals. Results for question 35. 35 1 / 1 point Given Walmart's large number of suppliers, they can not remain profitable if they audit all of their suppliers. True Correct answer: False Results for question 36. 36 0 / 1 point Most company's strive to have 0% turnover. Incorrect answer: True Correct Answer:False False Results for question 37. 37 1 / 1 point The California Food Safety Act implemented recent regulation that prohibits selling products with high levels of caffeine , Not Selected Correct answer: food with potentially harmful chemicals artificially-colored food like Skittles , Not Selected candy that looks like cigarettes , Not Selected Results for question 38. 38 1 / 1 point In a free market economy, prices are determined by ethical guidelines , Not Selected industry guidelines , Not Selected Correct answer: supply and demand local governments , Not Selected Feedback Based on answering correctly In a free market economy, prices are determined by supply and demand. Results for question 39. 39 1 / 1 point Due to strong government oversight, child labor has been eliminated in the United States. True Correct answer: False Feedback Based on answering correctly Child labor is an issue around the world including in the United States. Results for question 40. 40 1 / 1 point In 2024, the federal minimum wage is $7.25 while the minimum wage in San Diego is $17.85. True Correct answer: False Results for question 41. 41 0 / 1 point The role of business in elections does not include Encouraging people to register to vote , Not Selected Enticing people to vote early , Not Selected Incorrect answer: Enabling people to vote Correct Answer: Advising people how to vote Reminding people to vote , Not Selected Advising people how to vote , Not Selected All of the above , Not Selected Results for question 42. 42 1 / 1 point The minimum wage is calculated based on the current cost of living plus inflation. True Correct answer: False Feedback Based on answering correctly False. The minimum wage is the same rate since 2009 despite high inflation. Results for question 43. 43 1 / 1 point When an employee leaves a company, the average cost to replace that employee is $5,000 , Not Selected about 2x the employee's salary , Not Selected Correct answer: about one third the employee's salary the company saves money as the new employee usually earns less , Not Selected Results for question 44. 44 1 / 1 point The first attempt to establish a global standard for corporate social responsibility was the Global Compact with 10 principles across 4 areas. Which of the following was NOT one of the Global Compact's four areas? environmental protection , Not Selected anti-corruption , Not Selected human rights , Not Selected Correct answer: living wages Feedback Based on answering correctly The Global Compact required businesses to follow 10 principles concerning 1) human rights 2) labor standards 3) environmental protection and 4) anti-corruption. Results for question 45. 45 0 / 1 point One approach to socially responsible investmenting is to select companies for investment using a positive screen which is investing in companies with products that have a positive impact , Not Selected investing in companies with positive news coverage , Not Selected investing in companies that have been independently verified as socially responsbile , Not Selected Incorrect answer: investing in companies with a positive ESG score Correct Answer: investing in companies with products that have a positive impact Feedback Based on answering incorrectly A positive screen means investing in companies in industries that have a positive impact on society such as clean energy, medical solutions, recycling, solar energy, and education. Results for question 46. 46 1 / 1 point Some early investors avoided investing in businesses that were legal, but they considered "sin" industries. What are the original "sin" industries that have roots dating back to the 18th century? Correct answer: Gambling, civilian firearms, tobacco, alcohol, adult entertainment Tobacco, private prisons, alcohol, cannabis, animal testing , Not Selected Animal testing, adult entertainment, oil, civilian firearms, alcohol , Not Selected Alcohol, cannabis, animal testing, adult entertainment, oil , Not Selected Results for question 47. 47 1 / 1 point Which U.S. federal government agency is responsible for protecting the environment? SEC , Not Selected FDA , Not Selected Correct answer: EPA IRS , Not Selected Feedback Based on answering correctly The Environmental Protection Agency (EPA) sets regulation to protect the environment. Results for question 48. 48 1 / 1 point An example of a company investment in human capital is standardizing job descriptions , Not Selected subsidizing electric vehicles , Not Selected Correct answer: sponsoring employee education programs marketing to international customers , Not Selected Feedback Based on answering correctly Sponsoring employee edcuation programs is an example of a company investment in human capital. Results for question 49. 49 1 / 1 point Greenwashing refers to Correct answer: promoting a misleading environmentally-friendly image consumers increasingly talking about their sustainability , Not Selected more companies publicly committing to sustainability , Not Selected incorporating an environmental aspect to new regulation , Not Selected Results for question 50. 50 1 / 1 point In Apple's "Mother Nature" video, they company reported they are now selling carbon neutral Correct answer: watches computers , Not Selected cell phones , Not Selected tablets , Not Selected Results for question 51. 51 1 / 1 point As of 2024, all publicly-traded businesses are required to report on their corporate social responsibility initiatives. True Correct answer: False Results for question 52. 52 1 / 1 point The ecological footprint calculator indicated the average person in the United States needs approximately how many planets to support their lifestyle? Correct answer: around 5 planets about 1 planet , Not Selected around 12 planets , Not Selected around 10 planets , Not Selected Feedback Based on answering correctly In the United States, the average person needs 5 planets to support their lifestyle. Unfortunately, we have only one planet. Results for question 53. 53 1 / 1 point One data point used to analyze company's employee relations is the ceo to median employee pay ratio. In the S&P 500 (the 500 largest publicly-traded companies in the U.S.) the average ratio is around 10 to 1 , Not Selected 150 to 1 , Not Selected Correct answer: 300 to 1 1,000 to 1 , Not Selected Feedback Based on answering correctly The average ceo to median pay ratio in the S&P 500 is 272 to 1. Results for question 54. 54 1 / 1 point In 2024, there are less than five states that use the federal minimum wage. True Correct answer: False Feedback Based on answering correctly As of 2023, 20 states still use the federal minimum wage. Results for question 55. 55 1 / 1 point Which of the following environmental claims can be verified? earth smart , Not Selected eco-friendly , Not Selected green business , Not Selected Correct answer: USDA organic Feedback Based on answering correctly Many environmental claims are meaningless but USDA organic means the producer has been certified to meet federal standards of organic. Results for question 56. 56 1 / 1 point What does it mean if a product is labeled "natural"? it does not contain chemicals , Not Selected it is healthier than a non-natural alternative , Not Selected Correct answer: there is no meaning of natural it was not developed in a lab , Not Selected Feedback Based on answering correctly The natural label means nothing. Results for question 57. 57 1 / 1 point Children around the world will often help out with their family business but child labor is problematic when children work outside the home or family , Not Selected when children don't want to work , Not Selected when children do the same type of work as adults , Not Selected Correct answer: when children work instead of going to school Feedback Based on answering correctly Many families are dependend on the income from children working, however, child labor refers to work that deprives children of their childhood including schooling, and is dangerous or harmful. Results for question 58. 58 1 / 1 point While there are many providers of ESG ratings data, our class discussion and assignments used one of the more respected ESG rating providers called Correct answer: Sustainalytics Bloomberg , Not Selected S&P Global , Not Selected Dow Jones , Not Selected Results for question 59. 59 1 / 1 point A living wage is intended to provide a minimum amount of earnings for an employee to cover expenses in 5 areas including food, housing, childcare, college savings, and health. True Correct answer: False Results for question 60. 60 1 / 1 point ESG is intended to provide information about a company for which stakeholders consumers , Not Selected employees , Not Selected investors , Not Selected Correct answer: all of the above none of the above , Not Selected Results for question 61. 61 1 / 1 point When referencing different countries around the world, the term "third-world" is problematic because it is confusing , Not Selected it is difficult to calculate which countries qualify , Not Selected it doesn't allow for different political preferences , Not Selected Correct answer: it is outdated Feedback Based on answering correctly The third-world label is outdated as it was based on political alliances during the Cold War against communism. Results for question 62. 62 1 / 1 point Panera Bread was a case study for our Business and Society class because the business raised their prices higher than inflation , Not Selected Correct answer: sold a product that was dangerous for some customers reduced their emissions , Not Selected donated food to the homelesss , Not Selected Results for question 63. 63 1 / 1 point The Paris Climate Agreement goal is Correct answer: reduce warming to 1.5 degrees celsius by the end of the century find scientific consensus on the level of global warming , Not Selected have zero emissions by the end of the century , Not Selected reduce warming by 1.5 degrees celsius by 2050 , Not Selected Feedback Based on answering correctly The Paris Climate Agreement set a goal to limit warming to 1.5 degrees celsius by the end of the century.