MGMT Ch. 1

Which are elements of corporate governance that are tied to ethics? (Choose every correct answer.)

Accurate reporting Long-term plans Work environment

Which are aspects of the professionalism/work ethic core competency that are most relevant to ethics? (Choose every correct answer.)

Concern for society Demonstrated integrity Ethical behavior

Which are actions to take to increase a focus on the greater good? (Choose every correct answer.)

Expand knowledge of social inequality. Fulfill promises. Reduce carbon footprint.

Which of these are forces within an organization's general environment? (Choose every correct answer.)

International Economic Demographic Technological Political-Legal Sociocultural

According to free-market economist Friedman, what is the only social responsibility of a business?

Making profits

Which group is projected to make up almost 60% of the workforce by 2029?

Millennials and Gen Zers

How did CEO dismissals related to ethical concerns change between 2008 and 2018?

More CEOs were fired for misconduct.

Which groups are parts of the task environment? (Choose every correct answer.)

Strategic allies Local communities Government regulators Distributors

An organization's ethical _____ represents employees' perceptions about the extent to which the work environment supports ethical behavior.

climate

Running a company and protecting the interests of owners and other stakeholders is known as _____.

corporate governance

Today, it is stressed even more that companies go beyond just making a profit and take into consideration the environment and philanthropic initiatives. This is known as practicing ______.

corporate social responsibility

What are actions your book suggests that individuals can take to become more ethical consumers? (Choose every correct answer.)

don't purchase items that aren't ethically made or sourced don't buy knockoff items purchase fair trade items provide your own bags at the grocery store

A(n) _____ dilemma is a situation in which you have to decide whether to pursue a course of action that may benefit you or your organization but that is unethical or even illegal.

ethical

Millennials in the workforce: (Choose every correct answer.)

expect more from the organizations they do business with expect more from the organizations they work for want work/life balance are concerned about a corporation's ethics, motives, and methods

Purchasing _____ items increases the chances that your money will help provide a decent wage for the people who made them.

fair trade

The macroenvironment is also known as the _______ environment.

general

People who buy or sell stock illegally based on confidential company information are engaging in _____.

insider trading

The people inside of an organization who have an important stake in how it performs are the organization's _____ stakeholders.

internal

According to Archie B. Carroll, the responsibilities of an organization can be arranged as a pyramid, with _____ at the base and _____ at the top.

making a profit; corporate citizenship

A company's triple bottom line represents which aspects? (Choose every correct answer.)

profit planet people

A manager's responsibility to take actions that benefit both society and the business is known as _____ responsibility.

social

A company's decision to move its operations out of the country will affect its employees, owners, suppliers, distributors, and everyone else who has an interest in the business. All of these groups together make up the company's _____.

stakeholders

The ten groups that present a company with its daily tasks to handle represent the company's _____ environment.

task

A company's external environment consists of which two environments?

task general

When managers use financial performance as the best definition of an ethical choice, they are taking a(n) ______ approach to organizational decisions.

utilitarian

Which of these employees is involved in an ethical dilemma?

Jonah is deciding if he should add two hours to his time sheet for travel to a client meeting because his company does not reimburse for travel time.