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