Principles of Management Unit 3

Nordic Europe and sub-Saharan Africa clusters are high on which leadership style, according to the GLOBE project? Charismatic Team oriented Participative Autonomous Self-protective

Participative

Which of these holds that people set their own moral standards for judging their actions, based on self-interest? Justice Rights Utilitarianism Ethical relativism Virtue Ethics

Ethical relativism

The Ethics & Compliance Initiative found more than half of global workers reported pressure to compromise their standards.

False

The culture of compliance refers to when people trust online reviews of their companies more than what companies communicate.

False

3BL relates to which of the 3-Ps? Product, price, and place Product, profit, and people Profit, people, and planet People, profit, and promotion Product, package, and profits

Profit, people, and planet

Which of these describe the area of applied ethics that focuses on real-world situations and the context and environment in which transactions occur? Business Ethics Normative ethics Ethical relativism Virtue ethics Stewardship

business ethics

The two forms of business financing are _____ (borrowed funds) and _____ (ownership funds). credit; leverage equity; debt debt; equity equity; leverage debt; credit

debt;equity

Our choices and decision-making processes and our moral principles and values that govern our behaviors regarding what is right and wrong are also part of ethics.

True

Intrapreneurs: have a high degree of autonomy in spite of the fact they work for a large corporation have the characteristics of creativity, vision, and risk taking receive regular salaries and employee benefits run mini-companies within large corporations are accurately described by all of the above

are accurately described by all of the above

Which of the following describe the beliefs and behaviors that determine how a company's employees and management interact inside an organization and also handle outside business transactions? Servant leadership Corporate culture Stewardship Ethical relativism Altruism

Corporate culture

Which of the following is NOT and examples of high-rigor cross-cultural training? Case studies Classroom language training Sensitivity training Cross-cultural management courses Experiential approaches such as role-playing and simulations

Cross-cultural management courses

Which term describes insights from an understanding of culture may not necessarily coincide with reality in that culture? Immigration Expatriate Masculinity Individualism Cultural paradox

Cultural paradox

Which of these describes someone who creates a new ethical norm? Servant leader Compliance officer Stakeholder Corporate leader Moral entrepreneur

Moral entrepreneur

According to Caroucci, five ways organizations needlessly provoke good people to make unethical choices are as follows EXCEPT: People feel psychologically safe to speak up. Excessive pressure to reach unrealistic performance targets compromises people's choices. When individuals face conflicting goals, they feel a sense of unfairness and compromise their reasoning. Only talking about ethics when there is a scandal. When there is no positive example available, individuals react instead of choosing ethical decisions.

People feel psychologically safe to speak up.

The movement of people from their home country to other countries refers to: immigration. global strategy. emerging markets. globalization. cultural paradox.

immigration

Examples of _______ are being helpful, honest, courageous, independent, and polite. ethical dilemmas normative ethics ethical relativisms instrumental values terminal values

instrumental values

Lachlan Stuart is employed by International Paper, a company that values his vision and creativity. To stay ahead in a very competitive industry, International Paper gives Stuart, and his division has almost complete autonomy to develop innovative and effective communications. Stuart is an example of a(n): multipreneur insourced entrepreneur intrapreneur corporate entrepreneur classic entrepreneur

intrapreneur

Which of the following best describe eBay's business model? B2C B2B C2B C2C A2Z

C2C

Which of these describe a belief that corporations have a social responsibility beyond pure profit? CSR Sarbanes-Oxley Ethical relativism Servant leadership Stewardship

CSR

Which of the following is a trend that is changing the face of entrepreneurship and small business ownership? stagnant demographics entrepreneurial diversity decreased use of overseas bundling an increase in the number of corporate mergers and acquisitions all of the above

entrepreneurial diversity

Samantha, manager at ABC International, is facing situations and predicaments in which there is not an optimal or desired choice to be made between two options, neither of which solves her issue or delivers an opportunity that is ethical. Samantha can be described as facing which of these? Ethical dilemma Normative ethics Ethical relativism Virtue ethics Stewardship

ethical dilemma

Once Arnold Patel had decided he wanted to quit working as a Web designer for a large advertising agency and go into some kind of business for himself, he did a self-assessment, which indicated that he had an entrepreneurial spirit. His next step will be to: determine where the funding will come from look for customers create a business plan find the idea for his business choose a form of business organization

find the idea for his business

In the management assistance area, the Small Business Administration (SBA) provides all of the following EXCEPT: free college credit courses in management toll-free advice numbers training and educational programs counseling by business development officers free publications on business topics

free college credit courses in management

Which of the following is based on the assumption that the world is extremely interconnected, and that patterns of consumption and production are fairly homogeneous worldwide? A global strategy A social stratification strategy A regional strategy A local strategy

A global strategy

Hannah Li wants to quit her job as a legal secretary and start her own small business. She knows that she will be successful if she can find the right idea. Where can Li look for ideas for her new business? Problems she noticed in her old job Her interest in the history of Asian art Suggestions from her family Other businesses in other regions of the country All of the above

All of the above

When leaders believe they can do no wrong because of who they are, it refers to which of these symptoms of the failure of ethical leadership? Ethical blindness Ethical muteness Ethical incoherence Ethical paralysis Ethical complacency

Ethical complacency

Which of the following occurs when a company invests in another country by constructing facilities and buildings in that country? FDI Licensing Franchising Strategic Alliances Exporting

FDI

All of the following are characteristics of an entrepreneurial personality EXCEPT: the willingness to take risks creativity problem solving skills a high energy level the willingness to be a follower rather than a leader

the willingness to be a follower rather than a leader

Which of the following represents a consequentialist, "ends justifies means" approach? Justice Rights Utilitarianism Universalism Virtue Ethics

utilitarianism

According to Chester Barnard, ______ is one that inspires "cooperative personal decisions by creating faith in common understanding, faith in the probability of success, faith in the ultimate satisfaction of personal motives, and faith in the integrity of common purpose. values-based leadership rights approach utilitarianism principle the common good approach virtue Ethics

values-based leadership