Exam 3: The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Associations that are utilized by government agencies to monitor manufacturing and agricultural needs and developments are known as government regulators.

Milton Friedman represents the view that the social responsibility of business is to maintain a balance between business and environmental concerns.

Pete's Janitorial Supply furnishes janitorial and paper products to cleaning services.Pete's is an example of a supplier.

An organization's internal stakeholders consist of ___.

Choosing between product performance and employee performance is what most ethical conflicts are about.

New developments in methods for transforming resources into goods or services are _____ forces.

Every Saturday Mrs.Jones and hundreds of other shoppers visit ABC Market,a grocery store,to buy food for their home or business.These shoppers are _____ to ABC.

Ole McDonald,a successful farm equipment supply company in the Midwest,joined with A-Plus Supply,a national hardware and home retailer,so Ole McDonald can open stores in other regions and A-Plus can now offer a high-quality product in the farm community.This is an example of a ___ relationship.

Patsy,a nurse,has decided to start a home health care service to assist with the medical,meal preparation,and light housecleaning needs of older adults.To grow her business,Patsy is focusing her marketing efforts on the older adult population;as she does this,she is involved with the _____ environment.

Most customers value price over service,and are unconcerned by poor customer relations.

According to researcher Daniel Pink,when employees feel a sense of purpose-when their work has meaning-workers _____.

Warm Hearts is a nonprofit organization that brings warm meals to older adults and runs errands for its clients;the board of that nonprofit is called the _____.

The first law of business is to take care of the employees and stockholders.

External stakeholders include the owners and board of directors.

Changes in the economic,political,legal,and technological global system that may affect an organization are ______ forces.

Members of the board of directors are elected by the stockholders.

The Sarbanes-Oxley Act of 2002 established requirements for ____,and for noncompliance,penalties of ______.

ABC Brothers' cleaning products and equipment are sold to consumers and commercial cleaning companies in Best Supply's janitorial supply and equipment store.ABC relies heavily on Best Supply to help sell its goods and services to customers.Best Supply is a(n)____ for ABC Brothers' products.

Explain the recent concerns for the independence of the board of directors.

For organizations' board of directors,and in particular,their oversight of the CEO,the biggest complaint appears to be _____.