Question 1

Social responsiveness can be defined as ________.

Accepted Answer

A)  the speed at which an organization adapts to the changing societal culture 
B)  an organization's effectiveness in abiding by the laws of the society 
C)  the degree of effectiveness and efficiency with which an organization fulfills its stockholders' needs while benefitting the stakeholders 
D)  the degree of effectiveness and efficiency an organization displays in pursuing its social responsibilities 
E)  the degree of effectiveness with which an organization can predict the changes in a society, such as the consumers changing preferences 
A)  the speed at which an organization adapts to the changing societal culture 
B)  an organization's effectiveness in abiding by the laws of the society 
C)  the degree of effectiveness and efficiency with which an organization fulfills its stockholders' needs while benefitting the stakeholders 
D)  the degree of effectiveness and efficiency an organization displays in pursuing its social responsibilities 
E)  the degree of effectiveness with which an organization can predict the changes in a society, such as the consumers changing preferences

Question 2

Managers can fulfill their social obligation towards government agencies by ________.

Accepted Answer

A)  providing safe products 
B)  repaying debts to banks 
C)  abiding by the laws 
D)  increasing the value of the organization 
E)  providing safe working environments 
A)  providing safe products 
B)  repaying debts to banks 
C)  abiding by the laws 
D)  increasing the value of the organization 
E)  providing safe working environments

Question 3

Which of the following statements best describes Friedman's view of a firm's social responsibility obligation?

Accepted Answer

A)  Friedman argued firms should perform social responsibility activities because businesses are a subset of society and therefore have a significant impact on the way society exists. 
B)  Friedman argued against firms social responsibility activities because government already takes care of society. 
C)  Friedman argued against businesses performing social responsibility activities because the real responsibility for management is to reach profit objectives and increase the wealth of government officials. 
D)  Friedman argued against businesses performing social responsibility activities because he saw these activities as setting up a conflict of interest between actions necessary to conduct business and maximize profits versus actions focused on taking care of society's welfare. 
E)  Friedman argued for social responsibility activities because these activities increase the wealth of the firm's owners. 
A)  Friedman argued firms should perform social responsibility activities because businesses are a subset of society and therefore have a significant impact on the way society exists. 
B)  Friedman argued against firms social responsibility activities because government already takes care of society. 
C)  Friedman argued against businesses performing social responsibility activities because the real responsibility for management is to reach profit objectives and increase the wealth of government officials. 
D)  Friedman argued against businesses performing social responsibility activities because he saw these activities as setting up a conflict of interest between actions necessary to conduct business and maximize profits versus actions focused on taking care of society's welfare. 
E)  Friedman argued for social responsibility activities because these activities increase the wealth of the firm's owners.

Question 4

________, a popularly used component of social responsibility, is the promotion of welfare of others through generous monetary donations to social causes.

Accepted Answer

A)  Problem-solving 
B)  Economic function 
C)  Philanthropy 
D)  Problem-recognition 
E)  Quality-of-life 
A)  Problem-solving 
B)  Economic function 
C)  Philanthropy 
D)  Problem-recognition 
E)  Quality-of-life

Question 5

Empirical studies, conducted by various corporations in the United States, have demonstrated a definitive relationship between social responsibility and profitability.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

Accepted Answer

A)  It prohibits any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. 
B)  It allows for the full or partial disclosure of previously unreleased information and documents controlled by any public enterprise. 
C)  Areas covered under this act require financial institutions to keep records of cash purchases of negotiable instruments and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. 
D)  Areas covered under this act include maintaining generally accepted accounting practices and ensuring company structure and processes that enhance integrity and reputation. 
E)  Commercial banks and savings associations are encouraged to help meet the needs of borrowers in all segments of their communities, including low and moderate-income neighborhoods. 
A)  It prohibits any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. 
B)  It allows for the full or partial disclosure of previously unreleased information and documents controlled by any public enterprise. 
C)  Areas covered under this act require financial institutions to keep records of cash purchases of negotiable instruments and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. 
D)  Areas covered under this act include maintaining generally accepted accounting practices and ensuring company structure and processes that enhance integrity and reputation. 
E)  Commercial banks and savings associations are encouraged to help meet the needs of borrowers in all segments of their communities, including low and moderate-income neighborhoods.

Question 7

Any individual or group that is directly or indirectly affected by an organization's decisions is called a stakeholder.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following suggests that an organization is acting unethically?

Accepted Answer

A)  The customers are unhappy with one of the products manufactured by the organization. 
B)  The public pressures legislators and other government officials to enforce existing regulations. 
C)  The organization loses its customers to competitors due to lack of after-sale services for its products. 
D)  The public pressures the organization to conduct social responsibility activities. 
E)  The union members of the organization declare a strike to demand a hike in salaries. 
A)  The customers are unhappy with one of the products manufactured by the organization. 
B)  The public pressures legislators and other government officials to enforce existing regulations. 
C)  The organization loses its customers to competitors due to lack of after-sale services for its products. 
D)  The public pressures the organization to conduct social responsibility activities. 
E)  The union members of the organization declare a strike to demand a hike in salaries.

Question 9

Choose three types of stakeholders and identify the social obligation managers owe to them. Defend and support your answer.

Accepted Answer

Stockholders/Owners: To increase the val

Question 10

________ is the degree to which a person or an entity can meet its present needs without compromising the ability of other people or entities to meet their needs in the future.

Accepted Answer

A)  Accountability 
B)  Reliability 
C)  Sustainability 
D)  Maintainability 
E)  Scalability 
A)  Accountability 
B)  Reliability 
C)  Sustainability 
D)  Maintainability 
E)  Scalability

Social responsiveness can be defined as ________.

Managers can fulfill their social obligation towards government agencies by ________.

Which of the following statements best describes Friedman's view of a firm's social responsibility obligation?

________, a popularly used component of social responsibility, is the promotion of welfare of others through generous monetary donations to social causes.

Empirical studies, conducted by various corporations in the United States, have demonstrated a definitive relationship between social responsibility and profitability.

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

Any individual or group that is directly or indirectly affected by an organization's decisions is called a stakeholder.

Which of the following suggests that an organization is acting unethically?

Choose three types of stakeholders and identify the social obligation managers owe to them. Defend and support your answer.

________ is the degree to which a person or an entity can meet its present needs without compromising the ability of other people or entities to meet their needs in the future.

Principles of Modern Management: Concepts and Skills

Management and Diversity

Managing in the Global Arena

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress, Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling, Information, and Technology

Production and Control

Appendix 1: Managing History and Current Thinking

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Encouraging Creativity and Innovation

Filters

Exam 2: Managers, Society, and Sustainability

Social responsiveness can be defined as ________.

Managers can fulfill their social obligation towards government agencies by ________.

Which of the following statements best describes Friedman's view of a firm's social responsibility obligation?

________, a popularly used component of social responsibility, is the promotion of welfare of others through generous monetary donations to social causes.

Empirical studies, conducted by various corporations in the United States, have demonstrated a definitive relationship between social responsibility and profitability.

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

Any individual or group that is directly or indirectly affected by an organization's decisions is called a stakeholder.

Which of the following suggests that an organization is acting unethically?

Choose three types of stakeholders and identify the social obligation managers owe to them. Defend and support your answer.

________ is the degree to which a person or an entity can meet its present needs without compromising the ability of other people or entities to meet their needs in the future.

Principles of Modern Management: Concepts and Skills

Management and Diversity

Managing in the Global Arena

Plans and Planning Tools

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress, Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling, Information, and Technology

Production and Control

Appendix 1: Managing History and Current Thinking

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Encouraging Creativity and Innovation

Filters