Question 1

Which of the following is an accurate argument against social responsibility for organizations?

Accepted Answer

A)   Business is not a partner in our society, unlike the government and the general population.
B)   Corporations are citizens in our society.
C)   Profit generation, for the owners, is the purpose of business in U.S. society.
D)   Business does not create problems and should therefore not try to solve them.
E)   Business lacks the resources needed to solve social programs.F) B) and E)
G) B) and D)

Question 2

Match the following numbered items with the most accurate response letter, regarding the advantages of approaches to internationalization.
A response may be used once, more than once, or not at all.
-Existing infrastructure

Accepted Answer

A)  Importing or exporting
B)  Licensing
C)  Strategic alliances
D)  Direct InvestmentE) A) and D)
F) None of the above

Question 3

_____ is an employee's disclosure of illegal or unethical conduct by others within the organization.

Accepted Answer

A)   Lobbying
B)   Influence peddling
C)   Whistle-blowing
D)   Source criticizing
E)   ReconnaissanceF) B) and E)
G) B) and D)

Question 4

A(n)  _____ strategy requires little small cash outlay, is heavily regulated by government, and does not require modification to products for local conditions and is the easiest approach to internationalization.

Accepted Answer

A)   importing
B)   licensing
C)   joint venture
D)   direct investment
E)   offshoringF) A) and B)
G) B) and D)

Question 5

_____ is an arrangement whereby a firm allows another company to use its brand name, trademark, technology, patent, copyright, or other assets.

Accepted Answer

Licensing
Licensing is an arra...

Question 6

In a business, which of the following people have legal property rights to that business?

Accepted Answer

A)   Employees
B)   Suppliers
C)   Customers
D)   Owners
E)   RegulatorsF) All of the above
G) A) and B)

Question 7

_____ is a law that requires CEOs and CFOs to vouch personally for the truthfulness and fairness of their firms' financial disclosures and imposes tough new measures to deter and punish corporate and accounting fraud and corruption.

Accepted Answer

A)   Sarbanes-Oxley Act of 2002
B)   Glass-Steagall Act of 1933
C)   Gramm-Leach-Bliley Act of 1999
D)   Commodity Futures Modernization Act of 2000
E)   Investment Company Act of 1940F) A) and B)
G) None of the above

Question 8

Which of the following is true of the World Trade Organization (WTO) ?

Accepted Answer

A)   The WTO establishes impartial procedures for resolving trade disputes among its members.
B)   The WTO requires members to limit their markets in international trade.
C)   The WTO replaced the GATT and dismissed its mission.
D)   The WTO focuses too narrowly on human rights and the environment.
E)   The WTO promotes trade flows by encouraging nations to adopt preferential and flexible trade policies.F) D) and E)
G) A) and E)

Question 9

A potential disadvantage of licensing agreements is:

Accepted Answer

A)   decreased profits.
B)   limited profitability.
C)   inflexibility.
D)   home production costs.
E)   excessive transportation costs.F) B) and D)
G) A) and B)

Question 10

The management of a company prevents its employees from meeting in groups of three or more. Which of the following would best describe these restrictions imposed by the management?

Accepted Answer

A)   Legal
B)   Unethical
C)   Illegal
D)   Ethical
E)   RacistF) D) and E)
G) A) and E)

Question 11

Which of the following about the ethical compliance of an organization is true?

Accepted Answer

A)   It is a formal dimension of managing social responsibility.
B)   It cannot be enhanced by providing training.
C)   It includes awarding of funds or gifts to charities or other worthy causes.
D)   It is used to circumvent their legal obligations.
E)   It cannot be imposed by developing guidelines and codes of conduct.F) C) and D)
G) A) and B)

Question 12

Which of the following actions represents an attempt to manage social responsibility through ethical compliance?

Accepted Answer

A)   Requiring top financial managers to ensure compliance with securities and banking regulations
B)   Donating money to fund the performing arts
C)   Creating a committee to review proposals concerning selection and promotion
D)   Consulting the legal department regarding the requirements of a particular law
E)   Making human resource managers responsible for complying with the Equal Employment Opportunity Commission (EEO
C)   standardsF) A) and B)
G) C) and D)

Question 13

A(n)  _____ is a tax collected on goods shipped across national boundaries.

Accepted Answer

A)   quota
B)   tariff
C)   allowance
D)   remuneration
E)   commissionF) A) and E)
G) A) and D)

Question 14

Which of the following is true of quotas in trade?

Accepted Answer

A)   It is used most commonly to restrict trade.
B)   It is used to encourage strategic alliance.
C)   It is used to increase domestic competition.
D)   It is the tax breaks given by the host government.
E)   It is a form of tax collected on imported goods.F) B) and C)
G) A) and B)

Question 15

A diner received many warnings from the local Board of Health regarding the quality of its food. The Board of Health objected to the trans-fats used for frying and the freshness of bread and meat used at the diner. The Board is playing the role of a(n)  _____ in the restaurant's environment.

Accepted Answer

A)   competitor
B)   customer
C)   supplier
D)   regulator
E)   investorF) B) and D)
G) None of the above

Question 16

Organizations that provide resources to other organizations are known as:

Accepted Answer

A)   suppliers.
B)   competitors.
C)   regulators.
D)   interest groups.
E)   importers.F) C) and D)
G) B) and C)

Question 17

An employee who discloses illegal or unethical conduct by others within the organization is called a(n) _____.

Accepted Answer

whistle-blower
Whistle-blowing...

Question 18

_____ are hired for short periods of time and provide greater flexibility, earn lower wages, and often do not participate in benefits programs.

Accepted Answer

A)   Temporary workers
B)   Regulatory agencies
C)   Interest groups
D)   Strategic allies
E)   SuppliersF) A) and D)
G) A) and C)

Question 19

Which of the following accurately describes the responsibility of a corporate board of directors?

Accepted Answer

A)   Exerting considerable influence by using the media to call attention to their positions
B)   Helping the company get the expertise they lack from other companies
C)   Ensuring the firm is run to best serve the stockholders' interests
D)   Gaining legal property rights to the business by buying stock
E)   Protecting the public from certain business practices or to protect organizations from one anotherF) A) and C)
G) A) and E)

Question 20

Ethical issues in corporate governance are primarily the responsibility of:

Accepted Answer

A)   interest groups.
B)   employees.
C)   strategic partners.
D)   the board of directors.
E)   federal regulatory agencies.F) A) and E)
G) A) and D)

Exam 2: The Environment of Organizations and Managers

Ethical issues in corporate governance are primarily the responsibility of:

Correct AnswerverifiedShow Answer

In a business, which of the following people have legal property rights to that business?

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_____ is an arrangement whereby a firm allows another company to use its brand name, trademark, technology, patent, copyright, or other assets.

Correct AnswerverifiedLicensingLicensing is an arra...View AnswerShow Answer

The management of a company prevents its employees from meeting in groups of three or more. Which of the following would best describe these restrictions imposed by the management?

Correct AnswerverifiedShow Answer

Which of the following is true of quotas in trade?

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A potential disadvantage of licensing agreements is:

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Organizations that provide resources to other organizations are known as:

Correct AnswerverifiedShow Answer

A diner received many warnings from the local Board of Health regarding the quality of its food. The Board of Health objected to the trans-fats used for frying and the freshness of bread and meat used at the diner. The Board is playing the role of a(n) _____ in the restaurant's environment.

Correct AnswerverifiedShow Answer

Which of the following about the ethical compliance of an organization is true?

Correct AnswerverifiedShow Answer

A(n) _____ strategy requires little small cash outlay, is heavily regulated by government, and does not require modification to products for local conditions and is the easiest approach to internationalization.

Correct AnswerverifiedShow Answer

Which of the following is an accurate argument against social responsibility for organizations?

Correct AnswerverifiedShow Answer

Which of the following accurately describes the responsibility of a corporate board of directors?

Correct AnswerverifiedShow Answer

Which of the following actions represents an attempt to manage social responsibility through ethical compliance?

Correct AnswerverifiedShow Answer

Match the following numbered items with the most accurate response letter, regarding the advantages of approaches to internationalization. A response may be used once, more than once, or not at all. -Existing infrastructure

Correct AnswerverifiedShow Answer

_____ is a law that requires CEOs and CFOs to vouch personally for the truthfulness and fairness of their firms' financial disclosures and imposes tough new measures to deter and punish corporate and accounting fraud and corruption.

Correct AnswerverifiedShow Answer

A(n) _____ is a tax collected on goods shipped across national boundaries.

Correct AnswerverifiedShow Answer

Which of the following is true of the World Trade Organization (WTO) ?

Correct AnswerverifiedShow Answer

_____ is an employee's disclosure of illegal or unethical conduct by others within the organization.

Correct AnswerverifiedShow Answer

An employee who discloses illegal or unethical conduct by others within the organization is called a(n) _____.

Correct Answerverifiedwhistle-blowerWhistle-blowing...View AnswerShow Answer

_____ are hired for short periods of time and provide greater flexibility, earn lower wages, and often do not participate in benefits programs.

Correct AnswerverifiedShow Answer

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Licensing
Licensing is an arra...
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whistle-blower
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