Management Quiz 2
Which of the following characteristics relates to a social audit?
A systematic examination of the objectives, strategies, organization, and performance of social responsibility function
PPP
Adjusts the level of productivity to reflect what things actually cost in local terms
Which of the following refers to those who have a formal and/or contractual relationship with the firm, such as customer, suppliers, employees, regulators, investors, and communities?
Primary Stakeholders
What name is given to a philosophy where believers seek the greatest 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
What term describes what occurs when employees expose an employers wrongdoing?
Whistle Blowing
Porters 5 forces
1)Rivalry among existing competitors 2)Threat of entrants 3)Threat of substitute products or services 4)Bargaining Power of Suppliers 5)Bargaining Power of Buyers
In analyzing the relationship between ethics and social responsibility, ethics may be viewed as _____
A component of social responsibility
World trade organization (WTO)
A global association of members countries that promote free trade, handles trade disputes, and is a forum for trade negotiation
What is the stakeholder map?
A representation of the organization's stakeholders and their stakes
What is the nature of the organization's internal environment?
All factors that make up the organization such as the owners. Managers, 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
What name is given to other organizations that produce similar, or in some cases identical, goods or services?
Competitors
Adjusted GDP
Consumption + Investment + Government Spending + Net Exports
_ judge an action by whether it infringes on individual rights or universal principles, such as the Golden Rule, equality, or justice.
Deontologists
What is an example of a universal moral theory?
Deontology - rules based
________ Is the ethical system stating that doing what is best for yourself is ultimately best
Egoism
Which of the following relates to the World Bank?
Establish and supported by the industrialized nations in 1945 to loan money to underdeveloped and developing countries
Which of the following refers to a comprehensive evaluation of a firm's ethics and compliance program and its ethical decision used to determine whether the program is effective?
Ethics audit
What name is given to the sale of goods and services to foriegn 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 codes of ethics?
Formalized rules and standards that describe and delineate what the organization expects of its employees
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 operation?
Franchising
Which of the following referees to a tax levied by a nation on goods bought outside its borders and imported in the country?
Import tariff
According to Hofstede's cultural dimensions theory, _ tends 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, collectivists
The basic mission of the following is to oversee the international monetary system and help ensure stable currencies exchange rates throughout the world.
International Monetary Fund
What terms describe the broad, complex factors that affect all organizations?
Macro or general environment
GNP
Measures the output of a country but takes into account who owns the production
What describes the Foreign Corrupt Practices Act?
Outlaws direct payoffs to end bribes of foreign governments of business officials by American companies
A PESTEL analysis takes into consideration...
Political, economic, social, technological, environmental, and legal environments
Which of the following characteristics relates to business ethics?
Principles, values, and codes of conduct that define acceptable behavior in business
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 organizations, such as the business community, environmentalists, special interest groups, and the media?
Secondary stakeholders
Most businesspeople engage in international trade underestimate the importance of?
Social and cultural differences
What is the anime given to the obligation a business assumes to maximize its positive impact and minimize its negative impact on society?
Social responsibility
What is an embargo?
The suspension of trade in a particular product by the government
GDP
The value of all final goods and services produced in a country
According to Hofstede's 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 term describes goods or services that may be used in place of those furnished by a given business?
substitutes