UCF Management Chapter 2

Which of the following is a disadvantage of a strategic alliance? a. It limits profits and control over a business. b. It does not allow for a quick market entry. c. It involves a small cash outlay. d. It involves the least degree of risk.

It limits profits and control over a business

_____ is the awarding of funds or gifts to charities or other worthy causes. a. Legal compliance b. Philanthropic giving c. Soldiering d. Ethical compliance

Philanthropic giving

_____ are organizations that provide resources for other organizations. a. Regulatory agencies b. Competitors c. Interest groups d. Suppliers

Suppliers

Azim works for a talented young fashion designer. Azim is promised an internship at a competing large fashion house in exchange for some of the young designer's drawings. Which of the following ethical issues is represented in this scenario? a. Redlining b. Conflict of interest c. Ethical leadership d. Bait-and-switch

Conflict of interest

A _____ is a formal, written statement of the values and principles that guide a firm's action. a. privacy policy b. maquiladora c. code of ethics d. conflict of interests

code of ethics

Which of the following is a determinant of a strong organizational culture? a. No shared experiences b. A large management team c. A rapidly changing management team d. Corporate success

corporate success

Griston Systems is a networking firm headquartered in the United States. It purchases an operating facility in Thailand that subsequently becomes a wholly owned subsidiary of Griston. This is an example of _____. a. licensing b. direct investment c. a joint venture d. a strategic alliance

direct investment

An organizational culture: a. is always the same throughout an entire organization. b. is universal across all organizations. c. helps members understand what the company stands for. d. invariably emerges from a company's customers.

helps members understand what the company stands for

Which of the following is likely to be true of an organization like Kmart where the management team changes rapidly? a. It is likely to have a weak culture. b. It is likely to be more effective than most companies. c. It is likely to be focused on customer satisfaction. d. It is likely to have a number of shared experiences.

it is likely to have a weak culture

An argument against social responsibility in organizations is that: a. business creates problems and should therefore solve them. b. there is potential for conflicts of interest. c. business often has the resources necessary to solve problems. d. corporations are citizens in a society.

there is potential for conflicts of interest

Which of the following is a part of an organization's economic dimension of its general environment? a. Interest groups b. Competitors c. Physical work environment d. Unemployment

Unemployment

culture problems can arise from: a. a sense of direction. b. corporate success. c. mergers. d. shared experiences

mergers

A(n) _____ is a control on international trade that puts limits on the number or value of goods that can be traded. a. economic community b. tariff c. quota d. joint venture

quota

An export restraint agreement is a type of _____. a. tariff b. direct investment c. strategic alliance d. quota

quota

Interest groups act as _____ in organizations. a. owners b. strategic partners c. suppliers d. regulators

regulators

he Securities and Exchange Commission was created by the government to protect investors and to maintain orderly and efficient markets. It is an example of a(n) _____. a. regulatory agency b. interest group c. competitor d. strategic partner

regulatory agency