Question 1

List five rights of a stockholder.

Accepted Answer

Stockholders, also known as shareholders

Question 2

Which of the following are employee rights based on?

Accepted Answer

A)  personalities of management 
B)  whims and fancies 
C)  emotions 
D)  ethical and legal employer expectations 
E)  agreements and contracts 
A)  personalities of management 
B)  whims and fancies 
C)  emotions 
D)  ethical and legal employer expectations 
E)  agreements and contracts

Question 3

Which statements about the old employment relationships are correct?

Accepted Answer

A)  Under the old employment relationship, job seekers were expected to be hired and trained for the job. 
B)  The old relationship provided job security, steady pay increases with good benefits, opportunities for advancement, and long-term employment. 
C)  Employees are responsible for their own career future, which is likely to entail having multiple jobs. 
D)  The old manager-employee relationship was more collaborative than adversarial. 
E)  The old relationship called for loyalty to and identification with the employer. 
A)  Under the old employment relationship, job seekers were expected to be hired and trained for the job. 
B)  The old relationship provided job security, steady pay increases with good benefits, opportunities for advancement, and long-term employment. 
C)  Employees are responsible for their own career future, which is likely to entail having multiple jobs. 
D)  The old manager-employee relationship was more collaborative than adversarial. 
E)  The old relationship called for loyalty to and identification with the employer.

Question 4

Which statement about employee rights is not correct?

Accepted Answer

A)  Employees have the right to benefits. 
B)  Employees have the right to due process, to be treated fairly. 
C)  Employees have the right to a safe and healthy workplace. 
D)  Employees have the right to personal off-the-job privacy, but not to business-related privacy at work. 
E)  Employees have the right to freedom of speech and to blow the whistle for wrongdoing at work without penalty. 
A)  Employees have the right to benefits. 
B)  Employees have the right to due process, to be treated fairly. 
C)  Employees have the right to a safe and healthy workplace. 
D)  Employees have the right to personal off-the-job privacy, but not to business-related privacy at work. 
E)  Employees have the right to freedom of speech and to blow the whistle for wrongdoing at work without penalty.

Question 5

A corporate charter is granted by the federal government giving the firm the right to operate under basic terms of its existence and governance.

Accepted Answer

A) True 
 B)False

Question 6

Today, it is common for ex-employees to take the firm to court to get back their jobs through employee lawsuits.

Accepted Answer

A) True 
 B)False

Question 7

To compete successfully in the global economy, management, and labor need to collaborate and compete with their business competitors, rather than fight amongst themselves.

Accepted Answer

A) True 
 B)False

Question 8

Which statement about employment contracts in union and nonunion organizations is not correct?

Accepted Answer

A)  All employer-employee relations include employment contracts. 
B)  Nonunion employment contracts are negotiated on an individual basis; they are usually implicit, informal, and not written. 
C)  Union employment contracts are developed through collective bargaining and affect all union members. 
D)  Union employment contracts are usually explicit, formal, and written legal contracts. 
E)  All of these statements are correct. 
A)  All employer-employee relations include employment contracts. 
B)  Nonunion employment contracts are negotiated on an individual basis; they are usually implicit, informal, and not written. 
C)  Union employment contracts are developed through collective bargaining and affect all union members. 
D)  Union employment contracts are usually explicit, formal, and written legal contracts. 
E)  All of these statements are correct.

Question 9

Which statements about corporate stakeholders and their primary power are correct?

Accepted Answer

A)  The stockholders are only individuals and do not include institutional investors. 
B)  The stockholders are the legal owners of the corporation. Their primary power is to select the corporate board of directors. 
C)  Managers plan, organize, lead, and control a firm's resources to achieve corporate goals. Their primary power is to control day-to-day operations. 
D)  Employees do the work to provide the products and other functions. Their primary power includes collective bargaining and striking. 
E)  The boards of directors provide strategic direction and governance and oversee the managers of the corporation. The board's primary power is to select, advise, supervise, and evaluate the top managers. 
A)  The stockholders are only individuals and do not include institutional investors. 
B)  The stockholders are the legal owners of the corporation. Their primary power is to select the corporate board of directors. 
C)  Managers plan, organize, lead, and control a firm's resources to achieve corporate goals. Their primary power is to control day-to-day operations. 
D)  Employees do the work to provide the products and other functions. Their primary power includes collective bargaining and striking. 
E)  The boards of directors provide strategic direction and governance and oversee the managers of the corporation. The board's primary power is to select, advise, supervise, and evaluate the top managers.

Question 10

A/n _______ is a neutral party who makes a binding decision for management and labor.

Accepted Answer

A)  teamster 
B)  ombud 
C)  arbitrator 
D)  mediator 
E)  collector 
A)  teamster 
B)  ombud 
C)  arbitrator 
D)  mediator 
E)  collector

Question 11

Which of the following statements is not a major stakeholder in a corporation?

Accepted Answer

A)  Board of directors 
B)  Management 
C)  Employees 
D)  Stockholders 
E)  General public 
A)  Board of directors 
B)  Management 
C)  Employees 
D)  Stockholders 
E)  General public

Question 12

An ombuds investigates complaints and helps to settle them fairly.

Accepted Answer

A) True 
 B)False

Question 13

Which statement about the new employment relationships is correct?

Accepted Answer

A)  The company provided job security, steady pay increases with good benefits, and opportunities for advancement. 
B)  Employees enjoy long-term employment. 
C)  The new relationship calls for loyalty to and identification with the employer. 
D)  The new manager-employee relationship was quite adversarial. 
E)  The new relationship expects loyalty to self and identification with the profession. 
A)  The company provided job security, steady pay increases with good benefits, and opportunities for advancement. 
B)  Employees enjoy long-term employment. 
C)  The new relationship calls for loyalty to and identification with the employer. 
D)  The new manager-employee relationship was quite adversarial. 
E)  The new relationship expects loyalty to self and identification with the profession.

Question 14

Unions in the United States are on the rise.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following are neutral parties that can be called to help settle labor disputes?

Accepted Answer

A)  arbitrator 
B)  steward 
C)  mediator 
D)  charter 
E)  outside director 
A)  arbitrator 
B)  steward 
C)  mediator 
D)  charter 
E)  outside director

Question 16

_______ provide workers with desired outcomes and protection from undesired outcomes.

Accepted Answer

A)  Unionizations 
B)  Employee rights 
C)  Employer concessions 
D)  Arbitrations 
E)  Whistleblowing 
A)  Unionizations 
B)  Employee rights 
C)  Employer concessions 
D)  Arbitrations 
E)  Whistleblowing

Question 17

Employer-employee relationship is much the same as it has always been.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following are rights of a stockholder?

Accepted Answer

A)  Share in profits through dividend payment 
B)  Vote on bylaws and charter changes 
C)  Sell shares of stock 
D)  Know about the affairs of the corporation through information disclosure 
E)  Receive an annual report with financial performance and condition 
A)  Share in profits through dividend payment 
B)  Vote on bylaws and charter changes 
C)  Sell shares of stock 
D)  Know about the affairs of the corporation through information disclosure 
E)  Receive an annual report with financial performance and condition

Question 19

The _________doctrine holds that the employment relationship is voluntary and that employees can be fired or quit for any or no reason.

Accepted Answer

A)  employment-at-large 
B)  employee outcome 
C)  employee option 
D)  employment-at-will 
E)  freedom-to-work 
A)  employment-at-large 
B)  employee outcome 
C)  employee option 
D)  employment-at-will 
E)  freedom-to-work

Question 20

Explain how the SEC helps to protect stockholders.

Accepted Answer

The Securities and Exchange Commission (

List five rights of a stockholder.

Which of the following are employee rights based on?

Which statements about the old employment relationships are correct?

Which statement about employee rights is not correct?

A corporate charter is granted by the federal government giving the firm the right to operate under basic terms of its existence and governance.

Today, it is common for ex-employees to take the firm to court to get back their jobs through employee lawsuits.

To compete successfully in the global economy, management, and labor need to collaborate and compete with their business competitors, rather than fight amongst themselves.

Which statement about employment contracts in union and nonunion organizations is not correct?

Which statements about corporate stakeholders and their primary power are correct?

A/n _______ is a neutral party who makes a binding decision for management and labor.

Which of the following statements is not a major stakeholder in a corporation?

An ombuds investigates complaints and helps to settle them fairly.

Which statement about the new employment relationships is correct?

Unions in the United States are on the rise.

Which of the following are neutral parties that can be called to help settle labor disputes?

_______ provide workers with desired outcomes and protection from undesired outcomes.

Employer-employee relationship is much the same as it has always been.

Which of the following are rights of a stockholder?

The _________doctrine holds that the employment relationship is voluntary and that employees can be fired or quit for any or no reason.

Explain how the SEC helps to protect stockholders.

The Business, Society and Government Ethical Interrelationship Stakeholder Environment Business

Strategic Stakeholder and Ethical Public Affairs, Issues and Crisis Management

Corporate Social Responsibility, Citizenship and Diversity Society

Business Ethics

Community, Consumerism, and the Media

Strategies of Societal and Business Interest Groups Government

Law Making and Political Strategies

Law Enforcing and Regulatory Strategies

Law Interpreting, Antitrust, and Judiciary Strategies International Business, Society and Government

Competing in the Global Environment

Global Technology, the Natural Environment and Sustainability

Exploring the Benefits and Challenges of BPM Transformation Program

Filters

Exam 3: Employees, Stockholders and Corporate Governance

List five rights of a stockholder.

Which of the following are employee rights based on?

Which statements about the old employment relationships are correct?

Which statement about employee rights is not correct?

A corporate charter is granted by the federal government giving the firm the right to operate under basic terms of its existence and governance.

Today, it is common for ex-employees to take the firm to court to get back their jobs through employee lawsuits.

To compete successfully in the global economy, management, and labor need to collaborate and compete with their business competitors, rather than fight amongst themselves.

Which statement about employment contracts in union and nonunion organizations is not correct?

Which statements about corporate stakeholders and their primary power are correct?

A/n _______ is a neutral party who makes a binding decision for management and labor.

Which of the following statements is not a major stakeholder in a corporation?

An ombuds investigates complaints and helps to settle them fairly.

Which statement about the new employment relationships is correct?

Unions in the United States are on the rise.

Which of the following are neutral parties that can be called to help settle labor disputes?

_______ provide workers with desired outcomes and protection from undesired outcomes.

Employer-employee relationship is much the same as it has always been.

Which of the following are rights of a stockholder?

The _________doctrine holds that the employment relationship is voluntary and that employees can be fired or quit for any or no reason.

Explain how the SEC helps to protect stockholders.

The Business, Society and Government Ethical Interrelationship Stakeholder Environment Business

Strategic Stakeholder and Ethical Public Affairs, Issues and Crisis Management

Corporate Social Responsibility, Citizenship and Diversity Society

Business Ethics

Community, Consumerism, and the Media

Strategies of Societal and Business Interest Groups Government

Law Making and Political Strategies

Law Enforcing and Regulatory Strategies

Law Interpreting, Antitrust, and Judiciary Strategies International Business, Society and Government

Competing in the Global Environment

Global Technology, the Natural Environment and Sustainability

Exploring the Benefits and Challenges of BPM Transformation Program

Filters