Exam 2: Stakeholders, Managers, and Ethics

Which of the following organizational positions is a part of an organization's top management team?

Outside directors of a corporation are full-time employees of the corporation.

Managers who are in charge of a specific organizational function such as sales or R&D hold a(n) ________ role.

Which of the following is an inside stakeholder group that contributes money and capital?

Differentiate between inside directors and outside directors.

The "tragedy of the commons" illustrates that ________.

Which of the following statements is true regarding a divisional manager?

An ethical dilemma is the quandary people experience when they must decide whether or not they should act in a way that benefits someone else, even if it harms others and isn't in their own interest.

Behavior that follows accepted ethical rules confers a(n) ________ effect on an individual or an organization.

The chief operating officer, functional managers, and divisional managers form a company's top management team.

Which of the following groups of stakeholders receives inducements in the form of dividends and stock appreciation?

Which of the following persons can be an inside director in an organization?

"Self-dealing" is the term used to describe the conduct of managers who take advantage of their position to act in their own interests rather than in the interests of other stakeholders.

Suppliers have a direct effect on the organization's efficiency and an indirect effect on its ability to attract customers.

In an organization, the position of the ________ is one of trusteeship.

The workforce and managers are considered outside stakeholders.

List the outside stakeholders of an organization.

Stock-based compensation schemes help solve the agency problem.

As per the moral rights model of ethics, an ethical decision is a decision that distributes benefits and harms among stakeholders in a fair, equitable, or impartial way.

Ethics and law change as time passes.