Management Quiz#2

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 Spend + Net Exports

Adjusted GDP

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

Porter's Five Forces includes: 1. Rivalry among existing companies 2. Threat of entrants 3. Threat of substitute products or services 4. Bargaining Power of Suppliers 5. Bargaining Power of Buyers

True

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

Utilitarianism

What 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 employer's wrongdoing

Whistle blowing

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

a component of social responsibility

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

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

*blank* judge action by whether it infringes on individual rights or universal principles, such as the Golden Rule, equality, or justice

Deontologists

Your decision to adhere and comply with the honor code is an example of which universal moral theory

Deontology-rules based

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

Egoism

Which of the following characteristics relates to the world bank

Established 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 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 codes of ethics

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

What name is give 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

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

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

IMF

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

Macro or General environment

What describes the foreign corrupt practices act?

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

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

PPP

A PESTLE analysis takes into consideration the following:

Political, Economic, Social, Technological, Environmental, Legal

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 imported into a country

Quota

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

Substitutes

What is an embargo?

The suspension of trade in a particular product by the government

Which of the following refers to a tac levied by a nation on goods bought outside its borders and imported into the country

import tariff

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

individualists, collectivists

According to Hofstede's cultural dimensions theory, some national cultures like Japan have a very *blank* time horizon, which other countries, such as the United States, want things to happen *blank"

long, very quick

What term describes groups that have less formal connection to the organization, such as the small business community, environmentalists, 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