Exam 2: Stakeholders, Managers, and Ethics

Managers who have direct responsibility for the production of goods and services are considered to be holding a(n) ________ role.

Discuss the significance of suppliers as an outside stakeholder group.

As per the ________ model of ethics, an ethical decision is one that produces the greatest good for the greatest number of people.

Which of the following organizations is most likely to commit unethical and illegal acts such as collusion, price fixing, or bribery?

What are the three models of ethics?

Which of the following is an inside stakeholder group?

According to the capitalistic view, the primary goal of an organization is to ________.

The stakeholder group with ultimate authority over the use of a corporation's resources is ________.

In the long run, an organization that follows unethical practices is most likely to ________.

The stakeholder group with ultimate authority over the use of a corporation's resources is customers.

Shareholders are the owners of the organization.

In general, stakeholders are motivated to participate in an organization if they receive inducements that exceed the value of the contributions they are required to make.

A doctor was banned from practicing medicine because he consistently prescribed unnecessary procedures. This doctor violated ________.

Which of the following managers has a staff role?

Explain why shareholders are considered the stakeholder group with ultimate authority over the use of a corporation's resources.

Which of the following is one of the two conditions that lead to a moral hazard problem?

To be effective, an organization must at least minimally satisfy the interests of all the groups that have a stake in the organization.

________ occurs when an employee informs an outside person or agency, such as a government agency, a newspaper, or television reporter, about an organization's (its managers') illegal or immoral behavior.

________ are usually an organization's largest outside stakeholder group.

A manager who is in charge of sales holds a staff role.