MGMT320 Midterm CH 3-4-5
25) A company is licensing its products when it A) allows another company to pay it a fee to train its employees. B) allows a foreign company to pay it a fee to make or distribute the first company's product or service. C) pays a competitor a fee to stop the competitor from selling its products in the company's territory. D) develops a strategic plan for another organization.
B
47) When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. A) dividend B) exchange C) transaction D) international
B
A 2019 study by the ________ found that the world needs a massive carbon tax in the next ten years to limit climate change. The tax would be $75 per ton by 2030. A) World Bank B) International Monetary Fund C) World Trade Organization D) European Union
B
A major U.S.-based commercial construction firm has established operations in Belize. Wyatt has been managing the Belizean operations for several months, and is perplexed as to why the workers arrive late, take long lunches, and leave early on Wednesdays. He begins requiring employees to punch in and out on a time clock. Wyatt's decision to utilize a time clock, something common in U.S. workplaces, may signal that he is a(n) ________ manager. A) geocentric B) ethnocentric C) open-minded D) polycentric
B
Bahari owns an international grocery store in New York. He has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount. With many of his customers from Costa Rica, the Dominican Republic, and Guatemala, he is particularly grateful for ________, a trading bloc A) APEC B) CAFTA-DR C) NAFTA/USMCA D) EU
B
Crush Blush's cosmetics products are sold to consumers and stylists in Beautiful You's beauty supply store. Crush Blush relies heavily on Beautiful You to help sell its goods to customers. Beautiful You is a ________ of Crush Blush products A) competitor B) distributor C) customer D) private investor
B
During its membership in NAFTA, the United States A) lost many high-skilled jobs. B) gained employment in autos and aerospace. C) increased its isolationism. D) adopted open borders.
B
Idriss, a registered nurse, operates a home health care service to assist with the medical, meal preparation, and light housecleaning needs of older adults. When Idriss makes strategic plans for his business to deal with an expected decline in the number of older people in the population, he is paying attention to the ________ environment. A) task B) general C) internal D) external
B
Kingsolver's Classics, a local book store, is located in a community that has seen its population grow rapidly with a greater proportion of younger adults and a much more vivid LGBT presence. In response to these ________ forces, Kingsolver's Classics offers free wireless Internet in its "quiet work zone" and sponsors the local PRIDE parade. A) economic B) demographic C) technological D) political
B
Local communities are stakeholders of organizations because communities A) rely on the products the companies produce.B) rely on the tax base from companies and the jobs the company provides.C) wish to join forces with organizations to create strategic alliances.D) need a major corporate presence to maintain federal funding of the local highway system.
B
Prior to 1990, the United States imposed a tax, known as a(n) ________, on automobiles imported from Mexico. A) licensing fee B) tariff C) embargo D) import quota
B
Several companies in the EU were importing safety footwear from Argentina. Specifically, thousands of pairs of steel-toed boots were being imported for end use by workers in hazardous industries, such as mining, construction, and manufacturing. The EU became concerned that the steel inside the footwear was not of the agreed upon quality and so it called upon the ________ to monitor and enforce the trade agreement. A) Trans-Pacific Partnership B) World Trade Organization C) World Bank D) GLOBE Project
B
The World Bank A) monitors and enforces trade agreements. B) provides low-interest loans to developing nations for improvements. C) facilitates banking operations for multinational organizations. D) assists in smoothing the flow of money between nations.
B
Tina has a master's degree, 12 years of managerial experience, and excellent marks on her annual performance reviews. Although she rarely talks about her personal life at work, Tina has a framed photo of her wife and their kids on her desk. Recently, Tina learned that she was passed over for a promotion, and that Lauren who has fewer years of experience and no graduate degree was selected for the promotion. This causes Tina to wonder if it was because of which kind of ethical misconduct? A) corruption B) discrimination C) health violations D) sexual harassment
B
When thinking about interpersonal space, which country has the smallest average social distance? A) Germany B) United States C) India D) China
B
_____ forces lead to new developments in methods for transforming resources into goods or services. For example, a new technique called hydraulic fracturing (or fracking) has been developed to harvest natural gas trapped below the earth's surface. A) Sociocultural B) Technological C) Political-legal D) Economic
B
All Can See is a global nonprofit organization that works with schools and various companies to donate eyeglasses to poor children throughout the world. All Can See is an example of a A) multinational corporation. B) conglomerate. C) philanthropic corporation. D) multinational organization
D
Ashanti, the vice president of marketing, is talking to Prisha, a sales manager in a foreign office, about several local situations that Prisha's reps are facing in their territory. Ashanti tells Prisha that she believes there are differences and similarities between home and foreign personnel and practices, and that Prisha should use whatever techniques are most effective. Ashanti is a(n) ________ manager A) parochial B) ethnocentric C) global D) geocentric
D
Cameron said to a close friend, "I am fed up with my company's continual mistreatment of female workers. They secretly pay women less for the same jobs while advertising this as a great place to work. I don't know how they get away with it! I am going to call a reporter at the local newspaper and reveal what my company is doing." Cameron's decision to tell somebody about his company's actions is an example of A) moral courage. B) violating a code of ethics. C) backstabbing his manager. D) whistle-blowing.
D
Chyaru and her managers are discussing the unemployment, inflation, and interest-rate trends that might affect their chain of coffee shops over the next 12 months. The managers are studying the ________ forces in their organization's general environment. A) technological B) sociocultural C) political D) economic
D
During the Cold War, the United States had a(n) ________ with anyone importing Cuban cigars and sugar. A) tariff B) limit agreement C) export ban D) embargo
D
Everytown for Gun Safety is a ________ that tries to exert political influence by contributing funds to elect lawmakers who support increased background checks and other gun safety measures. A) government regulator B) task force C) political action agency D) special-interest group
D
Following a riot at the prison she supervised, Safiya was immediately fired. Safiya appealed her termination to the Corrections Board saying that the ________ approach to resolving ethical dilemmas meant she was entitled to the fundamental right of due process, which would include an investigation and hearing prior to any decision about her job status. A) individual B) procedural C) impartial D) moral-rights
D
In a corporation, the________ is the group of people elected to oversee the firm's activities and ensure that management acts in the shareholders' best interests. A) board of regents B) board of ethics C) strategic board. D) board of directors
D
Keisha has worked at the station next to yours in the textile factory for eight years. You have become close friends, attending each other's family events, birthday parties, and the like. Keisha sends a text message asking you to punch her timecard when you arrive for your shift because she is going to be late. You know the factory has strict policies against punching someone else's timecard, and it could be grounds for termination. You are facing a(n) A) moral courage decision. B) issue of corporate governance. C) social audit. D) an ethical dilemma.
D
Globalization is the trend A) of the world economy toward becoming a less dependent system. B) of the world economy adding more independent markets. C) toward one world language and culture. D) of the world economy toward becoming a more interdependent system
.D
18) Based on the text, many companies are interested in expanding globally in order to A) gain access to supplies, new markets, and lower labor costs. B) gain access to natural resources, new markets, and a diverse workforce. C) implement tariffs and import quotas. D) utilize export embargoes to increase business.
A
26) Pineapple Whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Pineapple Whip is engaged in A) franchising. B) importing. C) offshoring. D) countertrading.
A
A local boat manufacturing company has been family owned for more than 70 years, and it is the largest employer in the county. The boat company demonstrates corporate social responsibility by A) starting a free trade school that trains people to be welders, electricians, plumbers, or boat builders. B) proudly promoting its code of ethics. C) operating within a balanced, zero-based budget. D) not discriminating in employment.
A
ASEAN is a(n) A) trading bloc consisting of 10 countries in Asia. B) association of American and Southeast Asian nations. C) trading bloc consisting of 10 countries along the Atlantic Ocean. D) worldwide banking association
A
An import quota is a(n) ________ that limits ________. A) trade barrier; the numbers of a product that can be imported B) sanction; certain types of products, services, or technologies from being imported C) export fee; one country from trading with another D) type of dumping; the sales of products in foreign markets
A
Bianca is an underwriter for a commercial insurance firm that recently began using an entirely new information management system. Even after several trainings, many of Bianca's coworkers remain confused by some functions of the new system. Rather than call the helpline, the coworkers ask Bianca for help. Bianca believes it is ethical to pause her work to help the others learn the new system, so that they might choose her to be the team leader of the next big project. This type of thinking reflects the ________ approach to deciding ethical dilemmas. A) individual B) group C) moral-rights D) justice
A
Breyona, who owns an international investment firm that is headquartered in the United States, has witnessed the dangers of global economic interdependency. As she recently explained to her protégé, "In my opinion, ________ have been two negative effects of global economic interdependency for the United States." A) other countries stealing U.S. technology and the loss of well-paying jobs in the United States B) a huge surplus of funds from global investments flowing into the United States and huge cost increases C) reduced foreign direct investment (FDI) into the United States and lower-quality goods being produced domestically D) fewer organizations utilizing MBO and poorer-quality goods imported from abroad
A
Cody is very busy with a full load of college courses, a part-time job, and caring for his aging grandmother. Although he is an average student, he is worried about a difficult exam that is coming up in his online course. The instructor posted instructions that it will be a closed-book exam and no textbook or notes are permitted. However, Cody realizes that the instructor is not requiring any kind of exam monitoring software. If Cody studies first and then takes the exam without notes or books, that would signal Cody is in which stage of moral development? A) preconventional B) conventional C) postconventional D) utilitarian
A
DigiFree is a Canadian company that specializes in software development. Rainy Day is an Italian company that operates a world-class cloud computing platform that ensures "all your files will be safe from the rainy days." DigiFree and Rainy Day recently developed a(n) ________ to work together to market their software and cloud services to businesses in Nigeria, sharing the risks and rewards of starting the new enterprise together. A) strategic alliance B) greenfield venture C) outsource strategy D) embargo
A
Fresh Toppings is based in Sacramento, California and has restaurants in 25 countries. In the United States, Fresh Toppings would be viewed as which of the following? A) multinational corporation B) conglomerate C) multinational organization D) foreign firm
A
In November 2019, the World Bank announced a global initiative to reduce ________ by half by 2030. A) learning poverty B) carbon emissions C) outsourcing D) food insecurity
A
In her strategic planning, the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating on distributors, local communities, and special-interest groups. These three groups are A) external stakeholders. B) general stakeholders. C) internal stakeholders. D) preferred stockholders.
A
Jackson, the owner of a t-shirt shop, attended an entrepreneurship workshop that discussed the triple bottom line, which measures an organization's ________ performance. A) social, environmental, and financial B) financial, diversity, and environmental C) social, synergy, and overall D) marketing, profit, and efficiency
A
Riesa is an attorney who specializes in real estate and land-use law. Together with her wife, she also owns a property management company with over 2,000 apartment units in the metro area. Riesa is experienced in goal setting and strategic planning. If you were the commissioner of the city's housing authority, to which role would you most likely nominate Riesa? A) board of regents B) general counsel C) private investor D) board of directors
A
The owners of Hometown Burgers & Shakes, are concerned because Shake Shack is opening a new store just one mile from their shop. They know that Shake Shack will be offering similar products; therefore, Shake Shack will be a ________ of Hometown Burgers & Shakes. A) competitor B) customer C) distributor D) demographic force
A
To finance the development of its innovative mobile phone cases, Loopy Cases sought ________ to raise small amounts of money from many people. A) crowdfunding B) multifunding C) venture-funding D) angel-financing
A
To protect its domestic automotive industry, the United States enacts a(n) ________ by taxing imported automobiles to make the price of U.S.-produced cars more competitive; while also enacting a(n) ________ by taxing imported oil for the purpose of raising money for the U.S. government. A) protective tariff; revenue tariff B) revenue tariff; embargo C) import quota; protective tariff D) sanction; import quota
A
Which of these describes the positive effects of a global economy A) Innovation and economies of scale allow services and products to be created more quickly and cheaply. B) Small companies have more difficulty getting started and adapting. C) Global interdependencies are not risky. D) Global economies benefit small businesses, but prevent megafirms from being competitive
A
________ forces affect the way politics shape laws and the way laws shape the opportunities for and threats to an organization. For example, some cities in the United States (including New York City and San Francisco) have set the minimum wage far above the federally mandated minimum wage. A) Political-legal B) Demographic C) Sociocultural D) Technological
A
Airbus Inc., a company that builds airplanes, typically orders parts for its airplanes from other companies. ________ is the practice Airbus Inc. is using A) Countertrading B) Bartering C) Trading D) Outsourcing
D
14) ________ is another word for ethnocentrism. A) Geocentrism B) Ecocentrism C) Parochialism D) Open-mindedness
C
16) Antonella, the vice president of operations for an international organization, believes that employees in her foreign offices best understand how to handle the personnel and practices in their offices. So when the corporate HR manager approached Antonella about reprimanding Francois, a native Parisian who is the Paris office manager, for not doing things according to corporate policy, Antonella backed Francois and said, "I believe that the home office should leave Francois alone because he best understands the local culture." Antonella is a(n) ________ manager. A) ethnocentric B) native C) polycentric D) parochial
C
24) Countertrading is ________ goods for goods. A) outsourcing B) sourcing C) bartering D) licensing
C
39) The World Trade Organization (WTO) A) oversees mergers between large multinational corporations. B) monitors business start-ups globally. C) monitors and enforces trade agreements. D) assists developing countries by loaning them money
C
43) Carley, a successful store manager, leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Carley manages at Kohlberg's ________ level of personal moral development. A) second B) nonconventional C) conventional D) acceptable
C
46) ________ is the group of 21 Pacific Rim countries whose purpose is to improve economic and political ties, and to reduce tariffs and other trade barriers across the region. A) PEC B) EU C) APEC D) CAFTA
C
5) An organization's internal stakeholders consist of A) the board of directors, customers, and local government. B) customers, the community, and employees. C) the board of directors, employees, and owners. D) competitors, the community, and suppliers.
C
50) The United States granted most favored nation trading status to China, which means that A) Chinese tourists pay lower sales taxes when they visit the United States. B) the United States has promised to aid China in its counter-terrorist activities. C) China receives favorable trading treatment, such as the reduction of import duties. D) more Chinese immigrants are allowed to enter the United States
C
According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy? A) The Berlin Wall came down, countries worldwide opened their economies to foreign investors, and there was a worldwide trend of governments increasingly regulating their economies. B) The Berlin Wall was built, Asian countries formed their own stock market, and NAFTA was implemented. C) The Berlin Wall came down, Asian countries opened their economies to foreign investors, and there was a worldwide trend of governments deregulating their economies. D) The governments of China and India implemented certain aspects of capitalism, Nixon opened China to international trade, and the value of the U.S. dollar skyrocketed.
C
Believing that employees should be promoted solely on the basis of merit, that no bribes will be paid to foreign officials to obtain business licenses, and that companies should offer extended maternity leave upon the employee's request are examples of A) morals. B) ethical behaviors. C) values. D) ethical dilemmas
C
Caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies A) take more time to start new endeavors. B) typically maneuver slowly with new ideas. C) can get started more easily and maneuver faster. D) tend not to change due to inexperienced management.
C
During a recent economic downturn, executives of a national home goods retailer decided to permanently close 12 stores (out of 267) to ensure the long-term viability of the business. Closing these locations put hundreds of employees out of work and negatively affected 12 local communities. However, this decision will ultimately save the company millions of dollars and benefit many stockholders and other stakeholders. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ________ approach to deciding ethical dilemmas. A) individual B) deontological C) utilitarian D) justice
C
Elena, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates ________ to potential employers. A) independence, resourcefulness, and discipline B) good management skills C) independence, resourcefulness, and entrepreneurship D) discipline and a strong will
C
Ethics are defined as A) influences arising from changes in the characteristics of a population. B) an organization's written code of social responsibility. C) standards of right and wrong that influence behavior. D) a set of behaviors accepted as "right" or "good."
C
Every Saturday, Martin and hundreds of other shoppers visit Home Pro, a home improvement supply store, to buy supplies for their home improvement projects. These shoppers are ________ of Home Pro. A) suppliers B) competitors C) customers D) distributors
C
Harps Food operates over 80 grocery stores across 4 states. Since 2001, Harps has been an ESOP, meaning that A) employees were added to the company's board of directors. B) store managers participate in an Externship Supervisors' Oversight Plan. C) employees own more than half of the company's stock. D) employees are in charge of investing the company's retained earnings.
C
Loukas is the CEO of a company that makes laundry detergent. Even in this very competitive market, Loukas acts with ________ to take actions that benefit the interests of society as well as the organization A) individual responsibility B) sustainable development C) social responsibility D) philanthropy
C
Orlando, the owner of a Belgian event-planning company called Memory Makers, plans to open a marketing company that focuses on product launches, called Kick Start, in Germany. Kick Start will be totally owned and controlled by Memory Makers, which makes Kick Start a ________ of Memory Makers A) joint venture B) strategic alliance C) wholly owned subsidiary D) maquiladora.
C
Patricio's Pastries, which makes shelf-stable, non-perishable desserts that are sold to customers in other countries, is ________ its products. A) bartering B) counter-marketing C) exporting D) dumping
C
Riley recently became a top manager at a technology firm that is attempting to rehabilitate its image and return to profitability after a very public scandal. Which of the following actions should Riley take to promote high ethical standards? A) Rely on AI to choose the most ethical job applicants for openings. B) Fire whistle-blowers if it takes more than two weeks to investigate their accusations. C) Set policies that demonstrate organizational support for ethical behaviors. D) Discipline employees for unethical behaviors, but do not disclose organizational misconduct to the public.
C
The Equal Employment Opportunity Commission (EEOC) requires employers with 100 or more workers to report how much workers are paid, including breakdowns by employee sex and ethnicity. In this example, the EEOC is a A) whistle-blower. B) government moderator. C) government regulator. D) private investor
C
The United States limits the amount of cheese purchased from other countries; this is an example of a(n) A) export quota. B) import dump. C) import quota. D) import tariff.
C
The United States often engages in ________, which is the use of government regulations to limit the import of goods and services and to protect U.S. industries against foreign competition. A) domestic protectionism B) blocking C) trade protectionism D) dumping
C
The city government of Springfield promised significant tax breaks to a large manufacturer if it opened a factory in Springfield, which would result in nearly 200 new local jobs. After opening the factory, the manufacturer decided that it would staff the new Springfield factory with employees from its other locations, meaning no new jobs were created. As a result, the city of Springfield instituted clawbacks by A) increasing the tax breaks offered to the manufacturer. B) forcing the retailer to pay large fines. C) rescinding the tax breaks given to the manufacturer. D) forcing the manufacturer to unionize.
C
The employees of ZaZa's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical policies outlined in their company's code of ethics. Tucker, a cook, said that "Just today, Marissa, our manager, called our supplier to let them know we received an extra case of tomatoes that we did not pay for. And they do this type of thing almost every day." ZaZa's Pizza maintains a(n) A) procedurally sound atmosphere. B) profitable climate. C) ethical climate. D) honest environment.
C
The high likelihood of an innovative product copied or counterfeited in a foreign factory, regardless of holding a patent or trademark, is one example of changes in the economic, political, legal, and technological global system known as ________ forces. A) local B) demographic C) international D) technological
C
________ is a trading bloc consisting of 27 trading partners in Europe. A) The WTO B) Mercosur C) The European Union D) The Eastern Union
C
A supplier is an external stakeholder that A) competes for customers or resources. B) joins forces with another company to achieve advantages that neither can achieve on its own. C) rescinds tax breaks when firms don't deliver promised jobs. D) provides raw materials, services, equipment, labor, or energy.
D
After a third complaint about how her company was handling customer service requests, Catalina developed a code of ethics to specify A) the values and norms to be exhibited in the organization. B) the sharing of information and coordinated efforts to achieve a collective outcome. C) the rights inherent in a managerial position to make decisions, give orders, and utilize resources. D) a formal written set of ethical standards guiding her organization's actions.
D
12) Ethnocentric managers believe that their native country, culture, language, and behavior A) are equal to all other cultures. B) are hurtful to others. C) need to be changed. D) are superior to all others.
D
15) Aram, a regional manager for a global corporation, has flown to Istanbul to meet with several managers and senior employees. The Istanbul-based workers are upset about Eduardo, who recently moved from Texas to Istanbul to manage the facility. Deron, the assistant manager, tells Aram, "We all feel that Eduardo see things only one way—his way. He refuses to consider anyone else's perspective on anything." Eduardo is likely a(n) ________ manager. A) ecocentric B) geocentric C) polycentric D) parochial
D
21) The Global Market is a chain of U.S. grocery stores where customers can purchase foods, beverages, and canned goods from other countries. Global Market is an example of a company that A) exports. B) globalizes. C) inputs. D) imports.
D
3) Great systems of ________ are the hallmark of great civilizations. A) laws B) thinking C) leadership D) communications
D
30) Free trade is the A) movement of customers between nations that do not have trade embargoes. B) policy of cost-free exchange of goods. C) bartering or sale of goods without taxes. D) movement of products between countries without political or economic obstruction.
D
37) ________ is prevented by quotas. A) Outsourcing B) Tariffs C) Exporting D) Dumping
D
39) When Chloe became a manager at a food processing factory, she learned that many styles of braids and dreadlocks, which are more commonly worn by black women, were against the factory dress code. In response, Chloe proposed a new policy that upheld the food safety guidelines, while not disallowing specific hair styles or types. Chloe's desire to have organizational policies that can be administered impartially follows the ________ approach to deciding ethical dilemmas. A) individual B) group C) moral-rights D) justice
D
40) A forklift operator in an auto parts warehouse, Haider recognized that his employer did not follow OSHA standards such as pre-shift safety inspections, enforcing speed limits, or ensuring all forklift operators were certified. After a coworker was seriously injured on the job, Haider acted as a(n) ________ and filed a report with OSHA and gave an interview to the local news. A) external stakeholder B) special-interest group member C) internal stakeholder D) whistle-blower
D
41) David, the vice president of operations for a publicly traded beverage company, learns that his company is in talks to be acquired by a very popular candy company. Although the deal is not public yet, David expects the post-merger value to increase dramatically, so he trades for a large number of shares of the candy company. In which illegal activity has David engaged? A) a Ponzi scheme B) short selling C) abusive supervision D) insider trading
D
44) Benedict has worked for the local utility company for over 40 years. With his maturity and business experience, his decisions are sound, based on solid, proven values. Benedict tends to be an independent thinker who focuses on empowering his employees. Kohlberg would probably think Benedict is at the ________ level of personal moral development. .A) conventional B) nonconventional C) preconventional D) postconventional
D
Last week Arturo, CEO of Quality Furniture in Providence, Rhode Island, traveled to Europe to visit customers. While overseas, Arturo checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Thursday morning, Arturo was able to return to the corporate office in Providence to meet with his board of directors that night. ________ is the "shrinking" of time and space with air travel and the electronic media. A) The intranet B) The small-world philosophy C) E-commerce D) The global village
D
Manufacturing plants with low labor costs that give special privileges to their American owners in return for employing Mexican citizens are known as A) joint ventures. B) barteristas. C) mercados. D) maquiladoras.
D
Naoki and Naoko, brothers who run a high-end Japanese restaurant, are the only people who can claim the restaurant as their legal property. This restaurant is a(n) A) publicly traded corporation. B) private investment. C) sole proprietorship. D) partnership.
D
Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese, they argue, is to drive down the price of U.S. shrimp. The U.S. shrimpers are accusing the Chinese of A) outsourcing. B) applying import quotas. C) trade protectionism. D) dumping.
D
Since the 1950s, the percentage of the U.S. labor force represented by unions has A) tripled. B) steadily increased. C) fallen to nearly zero. D) steadily declined.
D
Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) _____ is one way for an American company to have a presence in that foreign country. A) export agreement B) MBO pact C) import agreement D) joint venture
D
The Doritos Locos Taco is a fast food item sold by Taco Bell that uses a crunchy shell made to taste the same as nacho cheese flavored Doritos. Doritos is a tortilla chip brand owned by Frito Lay. Taco Bell and Frito-Lay worked as ________ to develop the now iconic product that sold over a billion units in the first year. A) distributors B) competitors C) suppliers D) strategic allies
D
The Sarbanes-Oxley Act of 2002 established requirements for ________ and penalties of as much as ________ for noncompliance. A) proper financial record keeping for private companies; 20 years in prison B) proper financial record keeping for government organizations; 25 years in prison C) codes of ethics guidelines for organizations; $20 million D) proper financial record keeping for public companies; 25 years in prison
D
The macroenvironment, also known as the ________ environment includes six forces. A) economic B) ethical C) task D) general
D
The marketing director for Lifestyle Games, a board game company, wants to improve the company's relationship with its product distributors in hopes of earning more market share and higher profits. Since distributors are part of the ________ environment for Lifestyle Games, higher profits will be good for both Lifestyle Games and its distributors. A) strategic B) general C) internal D) task
D
The nature of sharing on social media networks and the trend toward owning fewer material goods are examples of ________ forces that have caused subscription-based commerce to double in recent years. A) developmental B) financial C) political D) sociocultural
D
Very often the actions of businesses to make profits result in outcomes that harm the environment. Many scholars recognize the importance of sustainable development, which is an economic development that A) meets future needs without compromising present needs. B) always generates greater profitability. C) is the goal of most corporations. D) meets present needs without compromising the ability of future generations to meet their needs.
D
What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based on predefined goals A) sustainability program B) code of ethics C) financial audit D) social audit
D
Which forces are part of the macroenvironment A) economic, technological, sociocultural, general, and political-legal B) diversity, microenvironment, sociocultural, demographic, and international C) globalism, technological, sociocultural, demographic, and microenvironmental D) economic, technological, sociocultural, demographic, political-legal, and international
D
