1. Describe the elements of supply chain management. In your description include the following:

recent trends

impact of e-business

operations responsibilities

2. The applicant of a patent application is required to provide the results of a prior art search to the Patent Office.

True

False

3. Which of the following corporate governance reform strategies, if adopted, would be LEAST LIKELY to decrease the amount of immoral and "irresponsible" corporate behavior?

Requiring the study of business ethics and applied business ethics in business schools and corporate training

Increasing the amount of legal regulation of business and imposing stronger penalties for violations

Increasing shareholder power to approve executives' compensation packages

Reducing the amount of government regulation of business since market forces invariably will operate to deter corporate misconduct.

4. Payments by representatives of Western Technology, Inc. to foreign government officials in exchange for favorable business decisions in foreign countries are best described as:

Always illegal under the U.S. Foreign Corrupt Practices Act since bribery is a serious legal wrong

Legal if they are "facilitating and expediting" payments

Always immoral based on ethics since bribery is a serious ethical wrong.

Legal if the foreign government official tells the company representatives that the payment is legal under the official's country's laws.

5. Which of the following is an accurate statement?

If business fails to be sufficiently social responsible it is thereby acting immorally too.

A corporation is recognized legal "person" but it is not a moral "person" for the purposes of ethical evaluation of corporate activities.

According to the Friedman view of the corporation, it has no moral or social responsibility, and its only obligation is to make money legally.

The corporation only is obligated morally to its shareholders, and thus owes no moral responsibilities to any other stakeholder groups.