BUS 3166 Stanford University Business and Society
To complete the practice exam, I want you to first open a new text file using the word processing application of your choice.copy and paste the five questions below into your document. Type your response to each question in complete sentences, using no more than 250 words per question.
Your score on each question will be determined primarily by two factors: (1) use of course material (i.e., incorporating ideas and concepts from course readings and lectures) and (2) evidence of critical thinking (e.g., showing an understanding of multiple sides of an issue). Prose should be clear and concise. Answers should be written in your own words. Plagiarism of any kind will not be tolerated.
Finally, please note that, since you will be evaluated based on your use of course material, consulting outside sources is prohibited. By outside sources, I mean anything other than the textbook, your notes, and my lecture slides. I want to see you make arguments using the material available in our assigned reading. You don’t have to agree with the arguments presented in the textbook and/or lecture, but I do expect you to acknowledge and engage with them where appropriate.
- In your view, which of the following mechanisms is most effective in protecting consumers: the consumer movement, government regulation, the courts, or industry self-regulation? Explain your reasoning.
- Income inequality has grown in the United States since the 1980s. Do businesses contribute to this trend, and if so, how? What, if anything, can businesses do to reduce income inequality?
- What explains the gender and racial pay gap? What can be done about it?
- Consider the following statement: “Effective civic engagement makes firms more competitive.” Do you agree or disagree? Explain your position.
- What can a company do to build and maintain a good reputation?
Exceptional (20 points) = Makes a strong argument with skillful use of ideas and concepts from course readings. Writing is clear and concise.
Very good (18 points) = Makes a strong argument using ideas and concepts from course readings. Detail may be lacking in some areas. Writing is clear but may contain spelling or grammatical mistakes.
Good (16 points) = Makes a strong argument using ideas and concepts from course readings. Important details may be lacking in some areas. Writing is clear but may contain spelling or grammatical mistakes.
Acceptable (14 points) = Argument answers the question but neglects important ideas or concepts from the course readings. Writing may lack clarity and/or contain spelling or grammatical mistakes.
Poor (12 points) = Argument fails to answer part or all of the question and neglects important ideas or concepts from the course readings. Writing may lack clarity and/or contain numerous spelling or grammatical mistakes.
Missing or unacceptable (0 points) = Argument is missing, does not utilize ideas and concepts from course readings, or is not in the author’s own words.