| Question |
Answer |
| year Congress passed the Sherman Antitrust Act to outlaw monopoly |
1890 |
| this company descended from the Standard Oil trust |
Exxon Mobil |
| founder of Standard Oil |
John D. Rockefeller |
| current CEO of Exxon Mobil |
Lee Raymond |
| an establishment of money that cannot be taken from you |
trust |
| year Standard Oil of N.J. changed its name to Exxon |
1972 |
| year Exxon merged with Mobil to form Exxon Mobil |
1999 |
| year the drunk captain of the Exxon Valdez spilled 11 million gallons of oil into Alaskan waters |
1989 |
| broad term encompassing a range of actions and institutions |
business |
| network of human relations |
society |
| society giving corporations the authority to take necessary actions and permits a profit |
social contract |
| model with: low government interference (laissez-faire), individuals own private property and freely risk investments, consumers are informed about the range of products and make their own decisions, moral restraint within business |
Market Capitalism Model |
| "From each according to his ability, to each according his need." |
Karl Marx |
| "Defining Deviancy Down." |
Daniel Patrick Moynihan |
| inequalities of wealth, encourages exploitation of workers, imperialism to spread markets, erodes virtue, stimulates materialism, encourages conspiracies, pollution and resources exploitation |
problems with Communism |
| model that believes that corporations and a powerful elite control a system that enriches a few at the expense of many |
Dominance Model |
| the basic political conflict in every nation, which is the antagonism between rich and poor |
inequality |
| four factors of Human Development Index |
life expectancy, literacy, education, standard of living |
| company that used "scenarios" to prepare to environmental issues |
Royal Dutch Shell |
| a measure of inequality by distribution; defined by a ratio of values between 0 and 1, 0 equals perfect income equality |
Gini coefficient |
| the development of an increasingly INTEGRATED system based on FREE MARKETS in which nations are OPEN to foreign trade and investment |
globalization |
| a set of reinforcing beliefs and values that construct a world view |
ideology |
| the force or strength to act compel another entity to act |
power |
| "Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men." |
Lord Acton |
| level of corporate actions with more direct results |
surface level |
| level of corporate actions with more indirect results |
deep level |
| perspective of power that believes there are a small number of individuals that control the nation |
dominance theory |
| perspective of power that believes in the spread of power |
pluralist theory |
| book by C. Wright Mills that is the modern impetus for the dominance theory |
"The Power Elite" |
| immigrant from Ireland, knights of labor, UMW background, Socialist party, IMW background, "Monster Capitalism" |
"Mother" Jones |
| opposite of wealthy Max from 101st floor of WTC |
happy hamburger stand guy, Mets fan |
| the lending of money for interest |
usury |
| wrote "The Wealth of Nations" |
Adam Smith, England |
| first state to offer rights to animals |
California |
| river-blindness case |
Merck and Co. |
| the duty of a corporation to create wealth in ways that avoid harm to, protect, or enhance societal assets |
corporate social responsibility |
| three themes of broader responsibility |
managers were trustees, managers had an obligation to balance multiple interests, managers subscribed to the service principle |
| touted citizenship but was ultimately unconcerned about the welfare of his employees |
Henry Ford |
| believed in responsibility to customers, the public, employees, suppliers, and finally stockholders |
General Robert E. Wood |
| the most influential economist of the second half of the 20th century |
Friedman |
| called customers who spent too much |
Eileen Fisher |
| chart that measures the top 20% being rewarded, the middle 70% being "pushed", and the bottom 10% being terminated |
the Vitality Curve |
| case from 1974 when Exxon hit oil in desert in Chad and needed a pipeline to sea |
The Chad-Cameroon Case |
| keys to a mission statement |
defines the business, differenciates it from competitors, explains relationships with stockholders |
| the use of methods to detect, classify, analyze, track, and prioritize social issues in the corporate environment |
issues management |
| CEO of Nike |
Phil Knight |
| case against Nike |
Mark Casky vs. Nike |
| an assessment of social impacts of a corporation on society |
social audit |
| a standard of conduct for a particular group |
ethics |
| approach to ethics: what one should do |
normative |
| approach to ethics: what people do |
descriptive |
Poultry
