Management & Society Midterm

2. Customers can exercise economic stakeholder power by

voting on a proposed merger for the company and a competitor

2. When a community group sues a company for health effects caused by an unsafe toxic chemical. This is an unsafe exercise of a stakeholders:

voting power

2. Positive reputation can be valued as an intangible corporate

Asset

2. All of the following values are present in most ethical decisions except

Be Kind

2. Modern corporations should be socially responsible because they:

Generate dividends for the company stakeholders

2. The critical component of installing an effective ethics program is:

The integration of various ethics safeguards into comprehensive program

2. Global market channels involve a firm producing

Their home country and exporting them to other countries

2. The emergence of public issues indicates that:

a gap may be developing between what stakeholders expect and what and organization is actually doing

Cross cultural contradictions arise due to:

differences between home and host countries ethical standard

2. Under Sarbanes-Oxley Act corporations are required to:

have executives vouch for their firms accuracy of their financial reports

2. Mature adults typically base their ethical reasoning on broad based principle and relationships such as

human rights and constitutional guarantees of human dignity, universal principles of justice, customs and traditions show by their peers

2. The primary purpose of the international monetary fund is to:

lend foreign currency to member countries

2. When undertaking social initiatives, a company

may sacrifice short term profits

2. The instrumental argument says stakeholders' management is?

more effective as a corporate strategy

2. The deep anti-Americanism that exists in some parts of the world is thought to be caused by:

resentment of cultural penetration from US based companies

2. The three strategies of globalization can be summarized using 3 words.

sell, make and buy

Shareholder groups can include

shareholders, business support groups, environment activist

2. Integrity based ethics programs

threaten employees with punishment for non-compliance with ethical programs

2. An example of international finance and trade institution is:

world bank, international monetary fund, WTO

The percentage of global wealth concentrated at the base of the pyramid is:

70%

2. An emerging business model that attempts to strategically balance the interests of all stakeholders to solve social and environmental problems is called:

B corporation

2. Proponents against corporate social responsibility feel that public officials, not businesspeople should solve societal problems

Business people don't have skill set to solve societal problems, private sector not mandate to solve these issues

2. A market stakeholder is exemplified by which of the following

Creditors

2. Some companies have created a department of corporate citizenship to

Decentralize under common leadership wide ranging corporate citizenship functions

2. When a company puts a commitment to social and environmental responsibility into practice not only locally but regionally it is called:

Global Corporate citizenship

2. A firm subscribing to the shareholder theory of the firm would mainly be concerned with providing value for its

Investors

2. Scholars found that spirituality affects employees and organizational performance in what way.

Positively

2. Under US corporate sentencing guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentenced

Reduced

Concerns about corporate social responsibility are exemplified by which of these statements:

Requires skills business may lack

The fiduciary duty of managers benefits a firms

Shareholders

2. The 5 types of stakeholder's power recognized

Social, legal, environmental, economic, and political

2. Good corporate citizens

conduct ethical business, balance needs of all stakeholders, work to protect environment

A purchasing agent directing her company's orders to a firm which see received a gift is an example of

conflict of interest

2. The costs of corporate social responsibility may ultimately be passed on to:

consumer through high prices

A free enterprise system refers to:

economic assets that are privately owned and exchanged in an open market

2. The main reason a number of European countries require public companies to include employee members on their board of directors is so that.

employee interest will be explicitly represented

2. Cooperation between business and government occurs when:

encounter a common problem or enemy

The issue of reactive management policies occurs in which stage of global corporate citizenship

engaged

2. Companies demonstrate global corporate citizenship by:

finding business opportunities that serve society, integrating concern for both financial and social performance

2. Business managers need a set of ethical guidelines to help them

identify and analyze nature of ethical problems

2. Corporations that run their operations according to the stakeholder theory of the firm create value by

innovating new products, increasing their stock price, developing their

2. A stakeholder always is

involved understanding of stakeholders interest

2. Why should business be ethical:

most people act in way that are their idea of right or wrong, ethical behavior protects business firms from abuse by unethical employees and competition

2. Which one of the following is considered to be a non-market stakeholder of business?

non-governmental organizations

2. A giant step toward improving ethical performance throughout the company

senior level managers signal to employees that they believe ethics is a high priority

2. Public issues are also referred to as

social issues and sociopolitical issues

2. A firm that has global operations has:

some or all of their manufacturing or service operations are abroad

2. Because of the risks and opportunities public issues present organizations need:

systematic way of identifying, monitoring, and selecting public issues

2. The most important agreement which codifies human rights

universal declaration of human rights