In the 1970s and 1980s, companies were obligated to consider the rights of minorities and consumers, a task that they willingly volunteered to do
Indicate whether the statement is true or false
FALSE
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All the following statements regarding the media are true, except:
A) They cooperate fully with the NGO but not the business B) Print media may have a less immediate response to business news than television media C) The social media has come to dominate knowledge dissemination D) Dealing with the media is part of the business manager's job E) Access-to-information law is used by media
If the net income of a partnership is less than the total of the allowances provided by the partnership agreement, the difference must be divided among the partners in the income-sharing ratio
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. A moral manager does not focus proactively on ethical issues nor does he or she try to purposely go against the social and legal norms that are expected of the firm by society. 2. The relationship between stakeholders and the firm is based on mutual moral and ethical commitments. 3. A low level of trust allows stringent corporate governance structures to be developed to monitor the actions of the top-level managers. 4. The triple bottom-line is not just a link between stakeholders and the firm but is also a valuable tool the firm uses to enhance its long-term sustainability from both a financial and a nonfinancial perspective. 5. A benefit corporation is an organization that integrates financial, social, and environmental objectives.
A business that has few claims for unemployment payments against their account:
a. will have a high experience-rating and pay high unemployment taxes. b. will have a low experience-rating but pay the same SUTA taxes as other businesses. c. will have a low experience-rating and pay a lower amount for unemployment taxes. d. will have a high experience-rating and pay no unemployment taxes. e. would qualify in all states to pay no unemployment taxes.