Question 1

"Self-dealing" is defined as ________.

Accepted Answer

A)  a manager acting in his own best interest, as opposed to the interests of the other stakeholders 
B)  a cash bonus distributed privately amongst the top-management team 
C)  a manager promoting family members at the expense of others 
D)  a form of control that aligns the interests of principal and agent so both parties have the incentive to work together to maximize organizational effectiveness 
A)  a manager acting in his own best interest, as opposed to the interests of the other stakeholders 
B)  a cash bonus distributed privately amongst the top-management team 
C)  a manager promoting family members at the expense of others 
D)  a form of control that aligns the interests of principal and agent so both parties have the incentive to work together to maximize organizational effectiveness A

Question 2

The system of hierarchical reporting relationships in an organization is known as a chain of command.

Accepted Answer

A) True 
 B)False  True

Question 3

In the case of a large organization, which of the following options best represents the accurate chain of command at the corporate management stage?

Accepted Answer

A)  CEO, president, senior vice presidents, executive vice presidents 
B)  board, CEO, executive vice presidents, presidents 
C)  CEO, president, executive vice presidents, vice presidents 
D)  president, divisional managers, executive vice presidents, vice presidents 
A)  CEO, president, senior vice presidents, executive vice presidents 
B)  board, CEO, executive vice presidents, presidents 
C)  CEO, president, executive vice presidents, vice presidents 
D)  president, divisional managers, executive vice presidents, vice presidents C

Question 4

Which of the following organizational positions is considered to be a part of corporate management?

Accepted Answer

A)  project manager 
B)  chief operating officer 
C)  divisional manager 
D)  plant supervisor 
A)  project manager 
B)  chief operating officer 
C)  divisional manager 
D)  plant supervisor

Question 5

A(n) ________ problem is a problem in determining managerial accountability that arises when delegating authority to managers.

Accepted Answer

A)  self-dealing 
B)  organizational contract 
C)  line of command 
D)  agency 
A)  self-dealing 
B)  organizational contract 
C)  line of command 
D)  agency

Question 6

Which of the following group of outside stakeholders contributes high-quality inputs?

Accepted Answer

A)  unions 
B)  government 
C)  customers 
D)  suppliers 
A)  unions 
B)  government 
C)  customers 
D)  suppliers

Question 7

Behaving ethically can reduce transaction costs through the reputation effect.

Accepted Answer

A) True 
 B)False

Question 8

An inside director of a company can be a professional director who holds positions on the boards of many companies.

Accepted Answer

A) True 
 B)False

Question 9

In the long run, an organization that follows unethical practices tends to spend more on research and development and less on advertising and managerial salaries.

Accepted Answer

A) True 
 B)False

Question 10

A son of a mobster believes that it is ethical to steal if it is in the best interest of his family. This view comes from ________.

Accepted Answer

A)  justice model of ethics 
B)  professional ethics 
C)  personal ethics 
D)  moral rights model of ethics 
A)  justice model of ethics 
B)  professional ethics 
C)  personal ethics 
D)  moral rights model of ethics

Question 11

A problem in determining managerial accountability that arises when delegating authority to managers is known as an agency problem.

Accepted Answer

A) True 
 B)False

Question 12

All stakeholder groups are equally important for an organization.

Accepted Answer

A) True 
 B)False

Question 13

Shareholders' claim on organizational resources is often considered inferior to the claims of other inside stakeholders.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is a model of ethics?

Accepted Answer

A)  mutual association 
B)  utilitarian 
C)  value integration 
D)  incremental benefit 
A)  mutual association 
B)  utilitarian 
C)  value integration 
D)  incremental benefit

Question 15

A manager chooses to tell affected employees about an impending layoff, despite the damage this causes to the stock price of the organization. She did this because it was "the right thing to do." Which model of ethics is she using?

Accepted Answer

A)  justice 
B)  moral rights 
C)  utilitarian 
D)  mutual association 
A)  justice 
B)  moral rights 
C)  utilitarian 
D)  mutual association

Question 16

In effect, ________ are the agents or employees of shareholders.

Accepted Answer

A)  suppliers 
B)  customers 
C)  managers 
D)  unions 
A)  suppliers 
B)  customers 
C)  managers 
D)  unions

Question 17

Which of the following terms best describes the system of hierarchical reporting relationships in an organization?

Accepted Answer

A)  line of control 
B)  span of authority 
C)  matrix of hierarchy 
D)  chain of command 
A)  line of control 
B)  span of authority 
C)  matrix of hierarchy 
D)  chain of command

Question 18

What are the three principal sources of ethical values that influence organizational ethics?

Accepted Answer

The three principal sources of ethical v

Question 19

________ are people who have an interest or claim in an organization, in what it does, and in how well it performs.

Accepted Answer

A)  Stakeholders 
B)  Early adopters 
C)  Boundary spanners 
D)  Late adopters 
A)  Stakeholders 
B)  Early adopters 
C)  Boundary spanners 
D)  Late adopters

Question 20

Which of the following is a primary responsibility of a chief operating officer?

Accepted Answer

A)  selecting the members of the board of directors 
B)  managing the organization's internal functions 
C)  selecting key executives to occupy the topmost levels of the managerial hierarchy 
D)  determining top management's rewards and incentives 
A)  selecting the members of the board of directors 
B)  managing the organization's internal functions 
C)  selecting key executives to occupy the topmost levels of the managerial hierarchy 
D)  determining top management's rewards and incentives

"Self-dealing" is defined as ________.

The system of hierarchical reporting relationships in an organization is known as a chain of command.

In the case of a large organization, which of the following options best represents the accurate chain of command at the corporate management stage?

Which of the following organizational positions is considered to be a part of corporate management?

A(n) ________ problem is a problem in determining managerial accountability that arises when delegating authority to managers.

Which of the following group of outside stakeholders contributes high-quality inputs?

Behaving ethically can reduce transaction costs through the reputation effect.

An inside director of a company can be a professional director who holds positions on the boards of many companies.

In the long run, an organization that follows unethical practices tends to spend more on research and development and less on advertising and managerial salaries.

A son of a mobster believes that it is ethical to steal if it is in the best interest of his family. This view comes from ________.

A problem in determining managerial accountability that arises when delegating authority to managers is known as an agency problem.

All stakeholder groups are equally important for an organization.

Shareholders' claim on organizational resources is often considered inferior to the claims of other inside stakeholders.

Which of the following is a model of ethics?

A manager chooses to tell affected employees about an impending layoff, despite the damage this causes to the stock price of the organization. She did this because it was "the right thing to do." Which model of ethics is she using?

In effect, ________ are the agents or employees of shareholders.

Which of the following terms best describes the system of hierarchical reporting relationships in an organization?

What are the three principal sources of ethical values that influence organizational ethics?

________ are people who have an interest or claim in an organization, in what it does, and in how well it performs.

Which of the following is a primary responsibility of a chief operating officer?

Organizations and Organizational Effectiveness

Organizing in a Changing Global Environment

Basic Challenges of Organizational Design

Designing Organizational Structure: Authority and Control

Designing Organizational Structure: Specialization and Coordination

Creating and Managing Organizational Culture

Organizational Design and Strategy in a Changing Global Environment

Organizational Design, Competences, and Technology

Types and Forms of Organizational Change

Organizational Transformations: Birth, Growth, Decline, and Death

Decision Making, Learning, Knowledge Management, and Information Technology

Innovation, Intrapreneurship, and Creativity

Managing Conflict, Power, and Politics

Filters

Exam 2: Stakeholders, Managers, and Ethics

"Self-dealing" is defined as ________.

The system of hierarchical reporting relationships in an organization is known as a chain of command.

In the case of a large organization, which of the following options best represents the accurate chain of command at the corporate management stage?

Which of the following organizational positions is considered to be a part of corporate management?

A(n) ________ problem is a problem in determining managerial accountability that arises when delegating authority to managers.

Which of the following group of outside stakeholders contributes high-quality inputs?

Behaving ethically can reduce transaction costs through the reputation effect.

An inside director of a company can be a professional director who holds positions on the boards of many companies.

In the long run, an organization that follows unethical practices tends to spend more on research and development and less on advertising and managerial salaries.

A son of a mobster believes that it is ethical to steal if it is in the best interest of his family. This view comes from ________.

A problem in determining managerial accountability that arises when delegating authority to managers is known as an agency problem.

All stakeholder groups are equally important for an organization.

Shareholders' claim on organizational resources is often considered inferior to the claims of other inside stakeholders.

Which of the following is a model of ethics?

A manager chooses to tell affected employees about an impending layoff, despite the damage this causes to the stock price of the organization. She did this because it was "the right thing to do." Which model of ethics is she using?

In effect, ________ are the agents or employees of shareholders.

Which of the following terms best describes the system of hierarchical reporting relationships in an organization?

What are the three principal sources of ethical values that influence organizational ethics?

________ are people who have an interest or claim in an organization, in what it does, and in how well it performs.

Which of the following is a primary responsibility of a chief operating officer?

Organizations and Organizational Effectiveness

Organizing in a Changing Global Environment

Basic Challenges of Organizational Design

Designing Organizational Structure: Authority and Control

Designing Organizational Structure: Specialization and Coordination

Creating and Managing Organizational Culture

Organizational Design and Strategy in a Changing Global Environment

Organizational Design, Competences, and Technology

Types and Forms of Organizational Change

Organizational Transformations: Birth, Growth, Decline, and Death

Decision Making, Learning, Knowledge Management, and Information Technology

Innovation, Intrapreneurship, and Creativity

Managing Conflict, Power, and Politics

Filters