MGMT 305-Exam 3 Mindtaps

the managers at J and J who authorized the buyback of defective products might have endorsed Milton Friedmans shareholder, or profit-maximixing view. which of the following arguments also supposed Friedmans position?

-people who put money not an organization deserve the max possible return to their investment -organizations have the knowledge and resources to do good in the community so they are responsible to -orgs have more power than most under privileged people so they are responsible for helping those pole get ahead in life

Compliance Program Steps

1. Establish standards and procedures 2. Assign upper-level managers to be in charge 3. Delegate decision-making authority only to ethical employees 4. Encourage employees to report violations 5. Train employees on standards and procedures 6. Enforce standards consistently and fairly 7. Improve program after violations

phases of globalization

1. exporting 2. cooperative contracts 3. strategic alliances 4. wholly owned affiliates

The ? assigns punishments to companies whose employees are involved in ? forms of workplace deviance

US sentencing commission, serious

the fact that there is a criminal investigation pending against johnson and johnson suggest that regulators feel that the company is not meeting its obligations at ? level of corporate responsibilty

a legal

the tradition of the entire team going to a local bar after each game appears to be what?

a team norm

Ethical Responsibility

Be ethical. Do what is right. Avoid harm.

Discretionary Responsibility

Contribute to the community; be a good corporate citizen

a company that accepts responsibility for a problem and does all that society expects to solve that problem using

an accommodative strategy

someone who lives and works outside of their home country is called

an expatriate

supposed that texas tech decided to select new students using a test that contained the filling item: "true or false: most students cheat on their exams" this is an example of

an overt integrity test

your team must still go through normal approval processes, indicating that it does not have ? which will likely ? its ability to reach the stretch goal

bureaucratic immunity, impede

cooperative contracts

companies establish a presence in a foreign market through licensing and franchising

wholly owned affiliates

companies purchase a foreign company and run it as a wholly owned subsidiary

exporting

companies sell their goods and services in a foreign market

strategic alliances

companies work with other companies in a foreign market to set up joint ventures

to assess how well employees and their families will adjust to foreign cultures the company can:

conduct an adaptability screening

the main reasons for failure in overseas assignments is

difficulty of adjusting to language, cultural and social differences

it ? pay to be socially responsible

does

as an incoming student at texas tech, if you are required to watch this video as a part of the colleges orientation for freshman, you would be participating in ?

ethics training

which of the following statements reflect negative outcomes known to result from work teams? check all

every time we have a meeting, it seems like new members join us and previous members drop out, if our team makes a bad decision, wed all feel individually accountable for the decision, when the CEO attends our entire group defers to her opinion

the purpose of international trade agreements is to create fees and tariffs that protect countries from low cost imports

false

apple offers one iPhone design in all of the countries it sells them in

global consistency

the advantage of ? is that it standardizes policies and procedures across all of a company locations, simplifying decision making

global consistency

hackman suggests that a deviant can improve a groups innovation by opening up discussion of new ideas. this corresponds to a reduction in ? which is desirable but can also result in meetings that are ?

groupthink, lengthy and unproductive

under which of the following conditions will codes of ethics be less effective?

if the employee who violated the codes are not punished

estee lauder developed osiao, a skin care line developed for the unique needs of asian skin sold in china

local adaptation

Alyssa is certain she would be caught, given and F for the course, and be expelled from school if she used Huberts paper. Alyssa is one semester away from graduating and she feels the ? is too great.

magnitude of consequences

legal responsibility

obey the law

an eyeglass company would like to use a proactive strategy in regards to social responsibly. which of the following strategies would be most appropriate for a proactive strategy?

parter with organization to provide training to low income entrepreneurs in developing countries so that they can sell affordable eyeglasses to people in need

french producers of foie gras (fattened duck or goose liver) worried about ? when they heard of californium plans to enact a law banning the sale of the delicacy

policy uncertainty

economic responsibility

to be profitable

what is the likely purpose of this team tradition?

to improve team cohesiveness

what disadvantages should kim ping expect if she enters into a cooperative agreement such as licensing a marrakesh company to make her rubber ducks?

transportation costs may increase, the company that licenses rights to manufacture her ducks may eventually become a competitor, she will give up control over the quality, tariffs are a greater problem for companies that use licensing as a way of globalizing

countries that participate in the free trade agreements typical have lower costs for consumer goods than countries that practice protectionism

true

tariffs make it more expensive to purchase imported goods

true