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407 Test 1
| 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 |
Created by:
hardcoresoccer07
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