Connecting the Threads III: Quiz 6 Corporate Purpose & Business Roundtable

1. The Business Roundtable’s 2019 revised statement says the following: a) The principle objective of the business enterprise is to generate economic returns to its owners b) We have a responsibility to build a strong and sustainable economic future in the United States c) We share a fundamental commitment to all of our stakeholders d) Our nation’s future prosperity and competitiveness now depends on meeting pressing economic challenges we face today.

2. The Business Roundtable claims that companies view communities and the environment as stakeholders same as employees, customers, and shareholders. a) True b) False 3. Which of the following companies did not have an executive sign the Business Roundtable statement in 2019? (according to Professor Murray’s slide) a) Amazon b) ExxonMobil c) United Airlines d) Charles Schwab 4. Before Jeff Bezos eliminated this policy, how many hours did a part-time employee at Whole Foods need to work to receive employee benefits? a) 30 b) 15 c) 20 d) 25

5. Why has Professor Murray not dropped Comcast as his television provider? a) He is satisfied with their customer service hotline b) They offer the most HD channels c) They are the only provider in his neighborhood d) He’s too busy to cancel the service

6. Which of the following is not on the list of Professor Murray’s possible corporate governance solutions? a) Support stakeholder legislation b) Engage in meaningful social reporting c) Amend corporate purpose d) Reinforce shareholder primacy

7. In an attempt to avoid paying benefits to drivers, Uber has argued that driving is not their core business, but in fact, their core business is ______. a) Technology b) Health Care c) Communication d) Logistics

8. Who said it: “Many Americans are struggling. Too often hard work is not rewarded, and not enough is being done for workers to adjust to the rapid pace of change in the economy.” a) Bernie Sanders b) Business Roundtable c) Elizabeth Warren

9. According to the Brookings Institution, what percentage of millennials believe too much power is concentrated in the hands of a few large companies? a) 96% b) 83% c) 91% d) 62%

10. Professor Murray claims that this clothing company’s number one priority is the environment. a) The North Face b) Columbia c) Orvis d) Patagonia