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BUS 404 EXAM 1 QUESTIONS AND ANSWERS
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BUS 404 EXAM 1 QUESTIONS AND ANSWERS 2024-2025what are some of the factors that could actuate public grievance? - new values, fresh
insight, vivid events, charismatic/expressive leadership
what is a stakeholder? - A community group which are interested in or are affected by
organizational activities and any decisions made.
what are the 2 orientations to CSR? - Shareholder-centric model & Corporate Citizen
Model
What is a Shareholder Centric model? -Answer a corporation should address the
social/ethical concerns of its stakeholders only when doing so achieves the objectives
of the shareholders ->maximize long term value
What is a Corporate Citizen model? -Answer A corportaion has "inherent ethical duties"
to satisfy the concerns of its stakeholders by virtue of being a powerful member of
society
What are some ways in which the shareholder-centric model maximizes long term
value? - Answer reduces chances of losing expensive lawsuits, reduces motivation for
groups to request expensive new laws and regulations, reduces chance for negative
publicity .
What is utilitarianism? - Answer decisions should provide greatest net benefits to
society
-weigh harms to society against benefits to society
what is the principle of rights? - Answer decisions can't touch certain fundamental right
without extraordinary reasons
, what is the principle of justice? - Answer persons are to be treated "fairly" with respect
to procedures, access to opportunities, distribution of benefits, and through
compensation for harms imposed on them
how do you get selected to be a member of supreme court?-prez nominates and then 60
senators must vote in favor of ending a filibuster.
how do you get selected to be a member of a lower federal court?-prez nominates, a
majority vote may end a filibuster, life term
How does the liberal feel about economic and business matters? -Answer federal: can
regulate, state: can regulate
How does a liberal feel about personal matters? - Answer federal and state both can't
regulate
How do conservatives feel about economic and business matters? - Answer federal:
can't regulate, state: can regulate
How do conservatives feel about personal matters? - Answer federal: can't regulate,
state: can regulate
who is the current chief justice? - Answer John Roberts
How are chief justices selected? - Answer can be one of the remaining Supreme Court
Justices; but, usually an individual from outside the supreme court
what is the power of the chief justice? - Answer selects opinion writer (If they vote with
the majority) if they don't, the most senior justice within majority selects
What is majority opinion? - ANSWER joined by 5 or more justices, serves as precedence
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