Unit 7-9 Review

Why does Ayn Rand think taxes are ultimately a form of theft?

• She believes the majority should not be able to vote away someone's property

• The law to tax is not in the original constitution

• She thinks taxes will be paid voluntarily, if people are allowed

• She claims that most taxes are used for international, not domestic, purposes

What is the term for a "self-regulating business model that helps a company be socially accountable..."?

• Ethical Marketing

• Community Good

• Corporate Social Responsibility

• Social/Public Good

Which is NOT one of the ways, according to our text, that a company can practice Corporate Social Responsibility?

• Environmental

• Social

• Educational

• Economic

Which is true about companies who incorporate CSR compared to companies that do not?

• Profits are typically higher

• Profits are typically lower

• Employee turnover is much higher

• Less access to financing

What does Milton Friedman believe is the ONLY responsibility of a business?

• To do good for society

• To employ people

• Improve the environment

• To make profit for the shareholders

What term is used when companies lie or overstate how environmentally-friendly their products are?

• Social Entrepreneurship

• Greenwashing

• Organic Farming

• Sustainability

Regarding the hiring process, what is a "blind resume review"?

• Only listening to a candidate, not reading their written responses

• Only accepting persons with disabilities

• Ignoring/not asking for any demographic data of a candidate

• Conducting a Zoom interview with video off

What's true of companies that are open-minded when it comes to hiring all types of people?

• They are typically less profitable

• They are typically more innovative and profitable

• They are typically able to access financing more easily

• They are typically companies like mining, utilities, and construction

Which method of evaluating a candidate are recommended to use in order to reduce bias in hiring?

• First impressions

• "Gut" feelings

• Objective measures (Quantitative)

• Qualitative descriptions

Which question(s) are you NOT legally allowed to ask a candidate? Select all that apply.

• How old are you?

• Where did you previously work?

• Are you thinking about having kids?

• Why you left your last job?