Management quiz 2

What is the World Trade Organization?

A global association of member countries that promotes, free trade, handles trade disputes, and is a forum for trade negotiation

What is a Stakeholder map?

A representation of the organization's stakeholders and their stakes

Which of the following characteristics relates to a social audit?

A systematic examination of the objectives, strategies, organization, and performance of the social responsibility function

Consumption + Investment + Government spending + Net exports

Adjusted GDP

What is the nature of the organizations internal environment?

All factors that make up the organization such as the owners, mangers, employees, and board of directors

What name is given to those factors that have a direct effect on a specific organization and its managers, including customers, suppliers, competitors, substitutes, and potential new entrants to the industry?

Competitive or Task environment

_______ judge an action by weather it infringes on individual rights or universal principles, such as the Golden Rule, equality, or justice

Deontologists

Your decision to adhere and comply with Honor Code is an example of which universal moral theory?

Deontology--- Rules Based

____ is the ethical system stating that doing what is best for yourself is ultimately best

Egosim

Which of the following characteristics related to the World Bank?

Established and supported by the industrialization nations to loan money to underdeveloped and developing countries

Which of the following refers to a comprehensive evaluation of a firms ethics and compliance program and its ethical decisions used to determine whether the program is effective?

Ethics Audit

What name is given to the sale of goods and services to foreign markets and is the easiest method of conducting international business?

Exporting

What term describes the purchase of overseas production and marketing facilities, in which a company may control the facilities outright, or it may be the majority stockholder in the company that controls the facilities?

Foreign direct investment

Which of the following characteristics relates to code of ethics?

Formalized rules and standards that describe and delineate what the organization expects of its employees

The value of all final goods and services produced in a country

GDP

Measures the output of a country but takes into account who owns the production

GNP

Which of the following refers to a tax levied by a nation on goods bought outside its boarders and imported into the country?

Import tariff

According to Hofstede's cultural dimensions theory,_______ tend to be self reliant and place a high level of importance on freedom and ambition, while ______ place more value on the team than the individual

Individualist, Collectivist

The basic mission of which of the following is to oversee the intentional monetary system and help ensure stable currencies and exchange rates throughout the world?

International Monetary Fund

According to Hofstedes cultural dimensions theory, some national cultures like Japan have a very ________ time horizon while other countries, such as the United States, want things to happen _______

Long, very quickly

What describes the Foregin Corrupt Practices Act?

Outlaws direct payoffs to and bribes of foreign government or business officials by American companies

Adjusts the level of productivity to reflect what things actually cost in local terms

PPP

What name is given to the maximum number of units of a particular product that may be imported into a country?

Quota

What term describes groups that have a less formal connection to the organization, such as business community , environment, special interest groups, and the media

Secondary stakeholders

Most business people engaged in international trade underestimate the importance of

Social and cultural differences

What name is given to the obligation a business assumes to maximize its positive impact and minimize its negative impact on society?

Social responsibility

What term describes goods or services that may be used in place of those furnished by a given business?

Substitues

What is an embargo

The suspension of trade in a particular product by the government

What name is given to a philosophy where believers seek the greater satisfaction for the largest number of individuals?

Utilitarianism

__________ is a perspective that goes beyond the conventional rules of society by suggesting that what is moral must also come from what a mature person with good "moral character" would deem right

Virtue Ethics

Which term describes what occurs when employees expose and employees wrong doing?

Whistle Blowing

In analyzing the relationship between ethics and social responsibility, ethics may be viewed as

a component of social responsibility

What name is given to other organizations that produce similar, or in some cases identical, good or services?

Competitors

What name is given to a form of licensing in which a company agrees to provide a name, logo, methods of operation, advertising, products, and other elements associated with the company's business, in return for a financial commitment and the agreement to conduct business in accordance with the company's standard of operations?

Franchising

What term describes the broad, complex factors that affect all organizations?

Macro or general environment

A PESTLE analysis takes into consideration the following

Political, Economic, Social, Technological, Legal

Which of the following refers to those who have a formal and or contractual relationship with the firm such as customers, suppliers, employees, regulators, investors, and communities?

Primary Stakeholders

Which of the following characteristics relates to business ethics

Principles, values, and codes of conduct that define acceptable behavior in business

Porters Five forces include Rivalry amount existing competitors Threat of Entrants Threat of substitute of products or services Bargaining power of suppliers Bargaining power of buyers

True