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