A) include unwritten norms and values. B) encourage companies to adopt a broad stance on social responsibility. C) encourage companies to use tactics that lead to an institutionalized role orientation. D) encourage companies to use tactics that lead to an individualized role orientation. A) include unwritten norms and values. B) encourage companies to adopt a broad stance on social responsibility. C) encourage companies to use tactics that lead to an institutionalized role orientation. D) encourage companies to use tactics that lead to an individualized role orientation.

Exam 2: Stakeholders, Managers, and Ethics

A friend is a manager at a small technology firm that manufactures radiology equipment, such as CAT scanners. He states that shareholders want him to increase profits, so he is willing to do whatever it takes to increase profits. In fact, he has the opportunity to get a contract with a supplier who will supply parts at a lower cost, but the quality will be noticeably worse. However, as the hospital is the only one in this rural area, most patients do not have the option to go to another hospital. What can you tell your friend about behaving ethically?

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Question 1

Correct Answer:

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Shareholders do not want profits increased by unethical acts. When an organization behaves unethically, it is a more risky investment. Furthermore, reducing quality would hurt the reputation of the company, which would cause its stock price to drop lower than the stock prices of competitors who behaved ethically. Some shareholders will withdraw support simply because they don't believe in unethical behavior. State that costs can be reduced in other ways and that ethical behavior pays off in the long run, because it gives an organization a positive reputation.

Contributions are defined as what the organization gives back to society.

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Question 2

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False

A doctor was banned from practicing medicine because he consistently prescribed unnecessary procedures. This doctor:

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Question 3

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The "Tragedy of the Commons" example refers to the ethical dilemmas faced when individuals pursue their own self interests.

(True/False)

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Question 4

Suppose you are the son or daughter of a mobster, and you believe that it is OK to steal if it is in the best interest of your family. This view comes from:

(Multiple Choice)

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Question 5

A promotion tournament is a vehicle by which managers can help employees focus on long-term, rather than short-term objectives.

(True/False)

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Question 6

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

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Question 7

The unethical practices at Westland/Hallmark Meat Co. resulted in what?

(Multiple Choice)

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Question 8

One problem with the utilitarian model is that it leaves managers to determine the relative importance of each stakeholder group.

(True/False)

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Question 9

When an organization tries to satisfy stakeholders, it faces all of the following problems except:

(Multiple Choice)

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Question 10

Shareholders are important inside stakeholders.

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Question 11

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

(Multiple Choice)

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Question 12

Why is Johnson & Johnson considered to have a higher standard of ethics than Dow Corning?

(Multiple Choice)

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Question 13

Which of the following is an outside stakeholder group?

(Multiple Choice)

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Question 14

The justice model tends to be the one that effective managers rely upon the most in making decisions.

(True/False)

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Question 15

What does the "Tragedy of the Commons" illustrate?

(Multiple Choice)

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Question 16

Balancing short-term and long-term goals is hard because:

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Question 17

A manager decides to distribute the pool of bonus money equally among all of the subordinates, even though some performed better than others. He is using which ethical model in making this decision?

(Multiple Choice)

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Question 18

Which of the following inside stakeholders contributes money and capital?

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Question 19

Societal ethics:

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Question 20

Showing 1 - 20 of 87

Contributions are defined as what the organization gives back to society.

A doctor was banned from practicing medicine because he consistently prescribed unnecessary procedures. This doctor:

The "Tragedy of the Commons" example refers to the ethical dilemmas faced when individuals pursue their own self interests.

Suppose you are the son or daughter of a mobster, and you believe that it is OK to steal if it is in the best interest of your family. This view comes from:

A promotion tournament is a vehicle by which managers can help employees focus on long-term, rather than short-term objectives.

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

The unethical practices at Westland/Hallmark Meat Co. resulted in what?

One problem with the utilitarian model is that it leaves managers to determine the relative importance of each stakeholder group.

When an organization tries to satisfy stakeholders, it faces all of the following problems except:

Shareholders are important inside stakeholders.

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

Why is Johnson & Johnson considered to have a higher standard of ethics than Dow Corning?

Which of the following is an outside stakeholder group?

The justice model tends to be the one that effective managers rely upon the most in making decisions.

What does the "Tragedy of the Commons" illustrate?

Balancing short-term and long-term goals is hard because:

A manager decides to distribute the pool of bonus money equally among all of the subordinates, even though some performed better than others. He is using which ethical model in making this decision?

Which of the following inside stakeholders contributes money and capital?

Societal ethics:

Organizations and Organizational Effectiveness

Managing 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 Environment

Organizational Design and Strategy in a Changing Global Environment

Organizational Design, Competences, and Technology

Managing Innovation and Change

Organizational Birth, Growth, Decline, and Death

Decision Making and Organizational Learning

Managing Innovation, Intrapreneurship, and Creativity

Managing Conflict, Power, and Politics

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