Question 1

Describe the various reasons due to which managers may follow goals that promote their own interests and not the interests of shareholders.

Accepted Answer

When shareholders delegate to managers t

Question 2

The rewards that stakeholders receive for participating in an organization are called ________.

Accepted Answer

A)  inducements 
B)  contributions 
C)  annuity 
D)  dividends 
A)  inducements 
B)  contributions 
C)  annuity 
D)  dividends

Question 3

Inside directors hold offices in a company's formal hierarchy.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following statements is true about an outside director?

Accepted Answer

A)  An outside director of an organization should have worked with the organization for at least 10 years at some point during his career. 
B)  Outside directors tend to dominate boards because as compared to inside directors, these people have better access to most of the information about the company. 
C)  An outside director should be a current employee of the organization. 
D)  An outside director of an organization can be an executive of some other company. 
A)  An outside director of an organization should have worked with the organization for at least 10 years at some point during his career. 
B)  Outside directors tend to dominate boards because as compared to inside directors, these people have better access to most of the information about the company. 
C)  An outside director should be a current employee of the organization. 
D)  An outside director of an organization can be an executive of some other company.

Question 5

Which of the following is generally used to solve agency problems?

Accepted Answer

A)  self-dealing 
B)  stock-based compensation schemes 
C)  a highly centralized organization structure 
D)  a matrix organization structure 
A)  self-dealing 
B)  stock-based compensation schemes 
C)  a highly centralized organization structure 
D)  a matrix organization structure

Question 6

As per the moral rights model of ethics, an ethical decision is one that produces the greatest good for the greatest number of people.

Accepted Answer

A) True 
 B)False

Question 7

________ are the owners of an organization, and, as such, their claim on organizational resources is often considered superior to the claims of other inside stakeholders.

Accepted Answer

A)  Employees 
B)  Customers 
C)  Shareholders 
D)  Trade unions 
A)  Employees 
B)  Customers 
C)  Shareholders 
D)  Trade unions

Question 8

Which of the following employees would be considered to have a line role?

Accepted Answer

A)  sales manager 
B)  executive vice president of finance 
C)  R&D director 
D)  vice president of production 
A)  sales manager 
B)  executive vice president of finance 
C)  R&D director 
D)  vice president of production

Question 9

To be effective, an organization must ________.

Accepted Answer

A)  satisfy interests of all the stakeholders equally 
B)  consider employees as the most important stakeholder group and give priority to their interests over the interests of all the other stakeholders 
C)  at least minimally satisfy the interests of all the stakeholders 
D)  consider customers as the most important stakeholder group and give priority to their interests over the interests of all the other stakeholders 
A)  satisfy interests of all the stakeholders equally 
B)  consider employees as the most important stakeholder group and give priority to their interests over the interests of all the other stakeholders 
C)  at least minimally satisfy the interests of all the stakeholders 
D)  consider customers as the most important stakeholder group and give priority to their interests over the interests of all the other stakeholders

Question 10

As per the justice model of ethics, an ethical decision is a decision that best maintains and protects the fundamental rights and privileges of the people affected by it.

Accepted Answer

A) True 
 B)False

Describe the various reasons due to which managers may follow goals that promote their own interests and not the interests of shareholders.

The rewards that stakeholders receive for participating in an organization are called ________.

Inside directors hold offices in a company's formal hierarchy.

Which of the following statements is true about an outside director?

Which of the following is generally used to solve agency problems?

As per the moral rights model of ethics, an ethical decision is one that produces the greatest good for the greatest number of people.

________ are the owners of an organization, and, as such, their claim on organizational resources is often considered superior to the claims of other inside stakeholders.

Which of the following employees would be considered to have a line role?

To be effective, an organization must ________.

As per the justice model of ethics, an ethical decision is a decision that best maintains and protects the fundamental rights and privileges of the people affected by it.

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

Describe the various reasons due to which managers may follow goals that promote their own interests and not the interests of shareholders.

The rewards that stakeholders receive for participating in an organization are called ________.

Inside directors hold offices in a company's formal hierarchy.

Which of the following statements is true about an outside director?

Which of the following is generally used to solve agency problems?

As per the moral rights model of ethics, an ethical decision is one that produces the greatest good for the greatest number of people.

________ are the owners of an organization, and, as such, their claim on organizational resources is often considered superior to the claims of other inside stakeholders.

Which of the following employees would be considered to have a line role?

To be effective, an organization must ________.

As per the justice model of ethics, an ethical decision is a decision that best maintains and protects the fundamental rights and privileges of the people affected by it.

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