BE: Ch 3

Which of the following statements is true of ethical challenges in organizations?

The main reason behind bending the rules regulartly in organizations is the motive of goining profits.

Marketing professionals are responsible for

providing products to customers.

The _________ is responsible for creating product designs.

research and development team

A primary activity of an organization according to the value chain is that of

supply chain management

Actions that are taken out of duty and obligation to a purely moral ideal, rather than based on the needs of the situation, are known as

universal ethics

Marketing professionals abide by a code of ethics adopted by the

American Marketing Association

________ is defined as a situation where one relationship or obligation places an individual or firm in direct dispute with an existing relationship or obligation.

Conflict of interest

Identify a true statement about value chain.

It is composed of the key functional inputs that an organization provides in the transformation of raw meterials into a delivered product or service.

Which of the following statements is true of a company's value chain?

Supply chain management and operations are the primary activities

_________ serves as a support line function to key functional areas in an organtzation's value chain

Technology

Which of the following statements is true of internal auditors?

They are committed to growing and enhancing their skills

__________ is represented by ethical choices that offer the greatest good for the greatest number of people.

Utilitarianism

The ___________ keeps track of a accounts at the end of the period. company's financial transactions by documenting money coming in and money going out and balances the

accounting function

When an employee is parting ways with a company, the human resources department should ensure that

an exit interview is arranged for the employee.

The certification of an organization's financial statements or books, by an impartial third-party professional, as being accurate is offered by the

auditing function

Which of the following represents a legal accounting practice?

deferring receipts from one quarter to the next to manage tax liability

In the context of the value chain of an organization, _________ is a support activity.

general edministration

The accounting profession is governed by a set of

generally accepted accounting principles

If an employee leaves a company, the ____________ department should host an exit interview to ensure that anything the organization can learn from the employee's departure is fed back into the company's strategic plan for future growth and development

humen resources

In an organization,___________ see themselves as providing products (or services) to customers who have already expressed a need for and a desire to purchase those products.

marketers