Exam 2: Stakeholders, Managers, and Ethics

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As per the ________ Act, CEOs, COOs, and the chief financial officer are required to sign off on their company's balance statements so they can be held personally and legally liable for accidental or deliberate mistakes found later.

(Multiple Choice)
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Who are the inside stakeholders of an organization?

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Which of the following groups of stakeholders receives inducements in the form of bonuses, status, and power?

(Multiple Choice)
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Stakeholders will generally participate in an organization if ________.

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Vice presidents are part of ________ management.

(Multiple Choice)
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What is an agency problem?

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Organizations that are doing badly in an economic sense and are struggling to survive are the ones most likely to commit unethical and illegal acts.

(True/False)
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The reputation effect ________.

(Multiple Choice)
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A manager decides to locate a manufacturing plant in a location that maximizes the overall benefits to the stakeholders. Which model of ethics is being used by the manager?

(Multiple Choice)
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A manager who has direct responsibility for the production of goods and services is said to be holding a staff role.

(True/False)
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The board has the legal authority to hire, fire, and discipline corporate management.

(True/False)
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________ are people who are closest to an organization and have the strongest or most direct claim on organizational resources.

(Multiple Choice)
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Which of the following is an outside stakeholder group?

(Multiple Choice)
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The CEO determines top management's rewards and incentives.

(True/False)
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Divisional managers are not corporate managers.

(True/False)
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Customers are usually an organization's smallest outside stakeholder group.

(True/False)
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Describe the various ways in which a CEO can influence organizational effectiveness and decision-making.

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Which of the following would be considered to be the lowest level of management in a chain of command?

(Multiple Choice)
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A manager decides to distribute the pool of bonus money equally among all of the subordinates, even though some performed better than others. Which model of ethics is being used by him in making this decision?

(Multiple Choice)
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Shareholders are a part of inside stakeholders.

(True/False)
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