Workers' Compensation and Correct Answer

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Question 1 (Worth 10 points)
Describe the “proxy system” and how is it used to as activism to encourage companies to “go green.” |ESSAY SUBMISSION | |The proxy system allows share holders to vote on proposals and to also make proposals to the company in which they own stock. Each share | |owned normally count for one vote. If share holders band together that chances of a proposal they agree with passing a the vote is much | |greater. There are several examples of share holders using their power to influence large corporations. For example in 2003 as part of | |Carbon Disclosure Project investors that represented over 9 trillion dollars in assets wrote 500 of the largest companies demanding | |relevant information concerning greenhouse gas emissions. They believed that the implications of climate change partial caused by the | |company could effect the share holders capital. This proposal was sent to AIG but never made the ballot and was never voted upon. Similar | |proposals have been made to Ford and they have disclosed what they are doing to try and reduce greenhouse gas emission. Proposals from | |share holders are nonbinding and companies do not have to follow the outcome but understand the importance of their company's share | |holders. |

Question Information: In advance of each annual meeting, shareholders are sent form ballots listing the items that are up for vote, including membership on the board of directors, choice of an outside auditor, and resolutions brought by the board or shareholders. Each share of stock generally counts as one vote. Shareholders have the right to come to the annual meetings in person to cast their ballots, but few do. If they prefer, shareholders can vote by returning the “proxy card” that is mailed along with the notice of the meeting. The board of directors has the right to vote the shares of those who neither appear nor return a completed proxy vote. Given the large number of individuals who own stock in the typical publicly owned corporation, few of whom have a big block of shares, this system assures corporate control of the majority of the votes. In this way, shareholders have a voice in how “green” a company should be. PAGE: 205

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Question 2 (Worth 2 points)
According to Henry Shue, firms are not in the business of protecting the interests of their workers, except when this is a means to accomplish the organizational objectives. [pic]True
This is a correct answer
[pic]False
Points earned on this question: 0
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Question 3 (Worth 2 points)
What piece of legislation outlawed “unfair methods of competition and unfair or deceptive acts and practices”? [pic]Federal Trade Act of 1914
This is a correct answer
[pic]Lanham Act of 1946
[pic]Federal Food and Drug Act of 1953
[pic]The Learned Intermediary Rule
Points earned on this question: 2
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Question 4 (Worth 2 points)
Under the ___________ plan, the EPA auctions a set number of sulfur dioxide emission allowances annually, with each allowance permitting one ton of emissions. [pic]allocation of resources
[pic]tradable permit
This is a correct answer
[pic]green capitalism
[pic]shareholder activism
Points earned on this question: 2
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Question 5 (Worth 2 points)
Contract law is primarily designed to discourage commerce by assuring those who freely enter into agreements that the law will do little to protect their expectations. [pic]True
[pic]False
This is a correct answer
Points earned on this question: 2
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Question 6 (Worth 2 points)
Which of the following is true about current carbon dioxide levels? [pic]They are the highest they have been in the past 20 million years. This...
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