Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

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

Accepted Answer

A) True 
 B)False  False

Question 3

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

Accepted Answer

A) True 
 B)False  True

Question 4

An organization's internal stakeholders consist of ___.

Accepted Answer

A)  board of directors,employees,suppliers
B)  board of directors,customers,owners
C)  customers,families of employees,employees
D)  board of directors,employees,owners
E)  competitors,the community,suppliers

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  sociocultural
B)  technological
C)  demographic
D)  political-legal
E)  media

Question 7

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.

Accepted Answer

A)  suppliers
B)  community allies
C)  competitors
D)  customers
E)  partners

Question 8

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.

Accepted Answer

A)  distributor
B)  competitor
C)  customer
D)  supplier
E)  strategic allies

Question 9

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.

Accepted Answer

A)  task
B)  general
C)  internal
D)  natural capital
E)  strategic allies

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A)  will continue to work past the age of 90
B)  tend to focus on short-term happiness
C)  sell more product
D)  eliminate all company fraud
E)  are more efficient,loyal,and creative

Question 12

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 _____.

Accepted Answer

A)  overall board
B)  nonprofit trustees or the directors
C)  strategic board
D)  daily oversight committee
E)  board of trustees or board of regents

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

External stakeholders include the owners and board of directors.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A)  local
B)  demographic
C)  international
D)  technological
E)  internal stakeholder

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A)  proper financial record keeping for private companies;as much as 25 years in prison
B)  proper financial record keeping for government organizations;as much as 25 years in prison
C)  code of ethics guidelines for organizations;as much as 2 million dollars
D)  proper financial record keeping for public companies;as much as 25 years in prison
E)  all corporate financial records to be made public;as much as 2 million dollars

Question 18

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.

Accepted Answer

A)  competitor
B)  distributor
C)  customer
D)  subsidiary
E)  account ally

Question 19

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

Accepted Answer

The answer of Explain the recent concerns for the independence...

Question 20

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

Accepted Answer

A)  the lack of interest in company matters
B)  the lack of corporate social responsibility
C)  the focus on profit above employee satisfaction
D)  the independence of the directors
E)  the ethical code of management

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.

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 _____.