Question 1

Which of the following is considered a demographic force?

Accepted Answer

A) Integration of the European Union 
B) An increase in multigenerational households 
C) Interest in healthy living 
D) A well-developed legal system 
E) Rising unemployment rates

Question 2

Rafael sits on the board of directors for Pierson Fabrication, Inc., but he is not among the executive leadership of the organization.In fact, he works for an American carmaker.Therefore Rafael is an external stakeholder for Pierson.

Accepted Answer

A) True 
 B)False

Question 3

To a commercial airline, the Federal Aviation Agency (FAA) is an example of a stakeholder.

Accepted Answer

A) True 
 B)False

Question 4

______ is the illegal buying or selling of a company's stock by people using confidential company information.

Accepted Answer

A) A whistle-blower 
B) Stock exploitation 
C) Insider trading 
D) Tip abuse 
E) A Ponzi scheme

Question 5

Demographic forces are part of the __________ environment of organizations.

Accepted Answer

A) internal 
B) mechanical 
C) controllable 
D) task 
E) general

Question 6

A __________ is a person or organization that helps another organization sell its goods and services to customers.

Accepted Answer

A) financier 
B) supplier 
C) strategic ally 
D) distributor 
E) special-interest group

Question 7

A manager's duty to take actions that will benefit the interests of society as well as of the organization is known as

Accepted Answer

A) social responsibility. 
B) philanthropy. 
C) ethics. 
D) moral rights. 
E) the society motive.

Question 8

Which of the following is an example of an external stakeholder for the department store chain Macy's?

Accepted Answer

A) A member of the Macy's board of directors. 
B) A customer who purchases a mattress at Macy's. 
C) A sales associate at Macy's. 
D) Owners of Macy's stock. 
E) The CEO of Macy's.

Question 9

The flaw in the individual approach is that what results in the individual's best interests is not always what is in everyone's interest long term.

Accepted Answer

A) True 
 B)False

Question 10

The percentage of the labor force represented by unions has steadily increased since the 1950s.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements about a code of ethics is most true?

Accepted Answer

A) A code of ethics is rarely a written document but instead an informal understanding between people who work for a particular organization. 
B) Most codes of ethics offer guidance on how to treat stakeholders. 
C) The purpose of a code of ethics is to keep top management out of jail. 
D) Codes of ethics typically prohibit bribes unless it is the accepted way of doing business in a foreign country. 
E) Workforce diversity is not covered in a code of ethics; instead it is usually covered in a separate diversity code.

Question 12

Competitors compete solely for customers and raw materials.

Accepted Answer

A) True 
 B)False

Question 13

A state government offered a German solar research company a tax break if it located its U.S.headquarters in that state because of the new jobs that would be created.Unfortunately, problems occurred, resulting in little company growth and few new jobs.As a result, the state instituted a ______ by rescinding the tax breaks.

Accepted Answer

A) clawback 
B) reallocation 
C) tax amendment 
D) reformation 
E) levy turnabout

Question 14

Summarize the debate for and against social responsibility.What is your opinion, and why?

Accepted Answer

The answer of Summarize the debate for and against social...

Question 15

The standards of right and wrong that influence behavior are called ethics.

Accepted Answer

A) True 
 B)False

Question 16

Why has there recently been renewed interest in corporate governance? How can it be improved?

Accepted Answer

The answer of Why has there recently been renewed interest...

Question 17

Inflation is an example of ______ forces in an organization's general environment.

Accepted Answer

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

Question 18

Identify at least four forces in the general environment of organizations and provide an example of each for an industry or business.How do these forces differ from the external stakeholders in the task environment?

Accepted Answer

The answer of Identify at least four forces in the...

Question 19

Philanthropy means making charitable donations to benefit humankind.

Accepted Answer

A) True 
 B)False

Question 20

The Sarbanes-Oxley Act was a response by Congress to an array of high-profile U.S.business scandals at the beginning of the 21st century.

Accepted Answer

A) True 
 B)False

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

Which of the following is considered a demographic force?

Rafael sits on the board of directors for Pierson Fabrication, Inc., but he is not among the executive leadership of the organization.In fact, he works for an American carmaker.Therefore Rafael is an external stakeholder for Pierson.

To a commercial airline, the Federal Aviation Agency (FAA) is an example of a stakeholder.

______ is the illegal buying or selling of a company's stock by people using confidential company information.

Demographic forces are part of the __________ environment of organizations.

A __________ is a person or organization that helps another organization sell its goods and services to customers.

A manager's duty to take actions that will benefit the interests of society as well as of the organization is known as

Which of the following is an example of an external stakeholder for the department store chain Macy's?

The flaw in the individual approach is that what results in the individual's best interests is not always what is in everyone's interest long term.

The percentage of the labor force represented by unions has steadily increased since the 1950s.

Which of the following statements about a code of ethics is most true?

Competitors compete solely for customers and raw materials.

Summarize the debate for and against social responsibility.What is your opinion, and why?

The standards of right and wrong that influence behavior are called ethics.

Why has there recently been renewed interest in corporate governance? How can it be improved?

Inflation is an example of ______ forces in an organization's general environment.

Identify at least four forces in the general environment of organizations and provide an example of each for an industry or business.How do these forces differ from the external stakeholders in the task environment?

Philanthropy means making charitable donations to benefit humankind.

The Sarbanes-Oxley Act was a response by Congress to an array of high-profile U.S.business scandals at the beginning of the 21^st century.