Business and society
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Give a concise but thorough answer to the following essay questions.
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You may type your responses directly after each question or in a separate document. Make sure to add your name to your exam.
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Your responses will be graded on completeness. I encourage you to add real-life experiences or observances.
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Do not type your responses in bold or colored fonts.
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Each question is worth 10 points (100 points total).
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Why did Congress enact the Sarbanes-Oxley Act? What are the major provisions and benefits of the Act?
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What is crisis management? Describe the four stages of the crisis management process and possible conditions, strategies, and tactics that an organization may experience or consider at each stage.
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What additional legal issues must a company contend with when it engages in commerce beyond its own borders?
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What are the four types of corporate social responsibility? Provide a brief explanation of each type, including an example of how a business may fulfill each responsibility. Give a example and brief summary of a company that demonstrates strong social responsibility.
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Describe the fiduciary responsibilities of members of a board of directors. What are some of the characteristics of the best boards of directors?
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What are the performance benefits of social responsibility? Outline the benefits to investors, customers, and employees.
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How can a strong compliance program act as a buffer to keep employees from committing crimes and protect the company’s reputation? What are the key elements of the program?
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What criteria do investors use for selecting companies to include in a social investment strategy? (pages 89-91)
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Name the three attributes of stakeholders, and explain how these attributes may affect the development of a relationship between a stakeholder and a company.
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What are the arguments for and against high levels of executive compensation?