BSG FINAL Questions/Answers
2025/2026Graded A+
4 Cardinal Virtues - ✔✔✔- justice
- temperance
- courage
- wisdom
Adam Smith - ✔✔✔- father of classical economics
- economics/commerce used natural resources
- invisible hand kept people from being greedy, when people got greedy invisible hand will encourage competition
Affirmative Action - ✔✔✔- in the absence of normal representative distributions organizations attempt to correct
for unfair normal distributions
Altruism Philanthophy - ✔✔✔- checkbook (money)
- in-kind (giving products)
Ashley Madison - ✔✔✔studys show if you cheat at work, you probably cheat in your social life
Attitudes of Business - Greek & Roman Era - ✔✔✔- wealth = fixed amount
- wealth = greed
- true wealth = inner peace, knowledge, culture arts
Attitudes of Business - Middle Ages - ✔✔✔- just fair price
- didn't believe in usury (lending money with interest)
Attitudes of Business - Modern Times - ✔✔✔- John Calvin : protestant work ethic
- wealth = gods reward for hard work
- Adam Smith : invisible hand (discouraged greed)
,Bakke vs. USC - ✔✔✔- quota system
- Bakke won
- court ruled system was unfair
Benefits of Product Liability Lawsuits - ✔✔✔- safer products
- better quality/designs
- better instructions and warning labels
- recall
business - ✔✔✔profit-making activity that provides products and services to satisfy human needs
Casuistry - ✔✔✔applying different ethical principles in a way that benefits the individual (unethical)
Categorical Imperative (Kant) - ✔✔✔- decisions must be universal and reversal
- act in such a way that your decisions would become universal law
Cause-Related Philanthropy - ✔✔✔tom's donates a paur of shoes for every pair bought
Changes to the Workplace - Competitive/Globalization - ✔✔✔- recent trends have intensified competitions for
American companies
- customers demand higher quality, better service and fester new-product development
Changes to the Workplace - Technological - ✔✔✔biggest change is the mechanical harvester
Changes to Workplace - Demographic - ✔✔✔baby boomers, replacement fertility rate, population dynamics,
slowly but continuously alter labor forces
Changes to Workplace - Structural - ✔✔✔any shift in the proportions of agricultural, goods-producing and service
occupations in the economy
, Citizens United v. Federal Election Commission - ✔✔✔1. corps have the same rights as individuals
2. corps have the right to free speech
3. corps can give unlimited amounts to non-official campaigns
Coalitions - ✔✔✔temporary coalitions of companies getting together on a single issue
Committee for Economic Development Responsibilities - ✔✔✔1. economic - only focus on market activity and not
market values
2. market activity with sensitivity to social values (sweet spot)
3. regardless of economic function results (super social citizen)
Compensatory Damages - ✔✔✔reimburse the victim for any damages they suffered
Compensatory Justice - ✔✔✔victims should receive fair compensation for damages
Consensus - ✔✔✔general agreement
Consumerism - ✔✔✔we define ourselves by what we buy
Conventionalist Ethic - ✔✔✔- similar to theory of amorality
- business (bad) behavior becomes the norm
Corporate Efforts to Promote Diversity - ✔✔✔- increase heterogeneity in organizations and improve cultures to
increase diversity
- good business sense
Corporate Governance - ✔✔✔the exercise of authority over the member of a corporation community based on
structure, rules and procedures
Corporate Governance - Ideal - ✔✔✔- owners > BOD > CEO
2025/2026Graded A+
4 Cardinal Virtues - ✔✔✔- justice
- temperance
- courage
- wisdom
Adam Smith - ✔✔✔- father of classical economics
- economics/commerce used natural resources
- invisible hand kept people from being greedy, when people got greedy invisible hand will encourage competition
Affirmative Action - ✔✔✔- in the absence of normal representative distributions organizations attempt to correct
for unfair normal distributions
Altruism Philanthophy - ✔✔✔- checkbook (money)
- in-kind (giving products)
Ashley Madison - ✔✔✔studys show if you cheat at work, you probably cheat in your social life
Attitudes of Business - Greek & Roman Era - ✔✔✔- wealth = fixed amount
- wealth = greed
- true wealth = inner peace, knowledge, culture arts
Attitudes of Business - Middle Ages - ✔✔✔- just fair price
- didn't believe in usury (lending money with interest)
Attitudes of Business - Modern Times - ✔✔✔- John Calvin : protestant work ethic
- wealth = gods reward for hard work
- Adam Smith : invisible hand (discouraged greed)
,Bakke vs. USC - ✔✔✔- quota system
- Bakke won
- court ruled system was unfair
Benefits of Product Liability Lawsuits - ✔✔✔- safer products
- better quality/designs
- better instructions and warning labels
- recall
business - ✔✔✔profit-making activity that provides products and services to satisfy human needs
Casuistry - ✔✔✔applying different ethical principles in a way that benefits the individual (unethical)
Categorical Imperative (Kant) - ✔✔✔- decisions must be universal and reversal
- act in such a way that your decisions would become universal law
Cause-Related Philanthropy - ✔✔✔tom's donates a paur of shoes for every pair bought
Changes to the Workplace - Competitive/Globalization - ✔✔✔- recent trends have intensified competitions for
American companies
- customers demand higher quality, better service and fester new-product development
Changes to the Workplace - Technological - ✔✔✔biggest change is the mechanical harvester
Changes to Workplace - Demographic - ✔✔✔baby boomers, replacement fertility rate, population dynamics,
slowly but continuously alter labor forces
Changes to Workplace - Structural - ✔✔✔any shift in the proportions of agricultural, goods-producing and service
occupations in the economy
, Citizens United v. Federal Election Commission - ✔✔✔1. corps have the same rights as individuals
2. corps have the right to free speech
3. corps can give unlimited amounts to non-official campaigns
Coalitions - ✔✔✔temporary coalitions of companies getting together on a single issue
Committee for Economic Development Responsibilities - ✔✔✔1. economic - only focus on market activity and not
market values
2. market activity with sensitivity to social values (sweet spot)
3. regardless of economic function results (super social citizen)
Compensatory Damages - ✔✔✔reimburse the victim for any damages they suffered
Compensatory Justice - ✔✔✔victims should receive fair compensation for damages
Consensus - ✔✔✔general agreement
Consumerism - ✔✔✔we define ourselves by what we buy
Conventionalist Ethic - ✔✔✔- similar to theory of amorality
- business (bad) behavior becomes the norm
Corporate Efforts to Promote Diversity - ✔✔✔- increase heterogeneity in organizations and improve cultures to
increase diversity
- good business sense
Corporate Governance - ✔✔✔the exercise of authority over the member of a corporation community based on
structure, rules and procedures
Corporate Governance - Ideal - ✔✔✔- owners > BOD > CEO
