Exam 3: Integrative Managerial Issues

The socioeconomic view of social responsibility states that a business ________.

"Lack of accountability" argues against a firm being socially responsible by saying that once actions are taken there is no one ________.

As a business expansion director, Shana's goal is to scout potential locations for her company's planned expansion to other countries. There are many options, some of which include maintaining the business's head office in the United States. Other options send company representatives to foreign operations when necessary, or establishing separate operation facilities abroad and hiring locals as managers. -If Shana's company decides to open a new operation in Germany that has local managers and is run locally but still exists under the umbrella of the home company, it would be considered a ________.

In a short essay, explain the differences between a multidomestic corporation, a global corporation, and a transnational corporation.

A global village can be best characterized as a business climate in which there are ________.

Part-time, temporary, and contract workers who are available for hire on an as-needed basis are known as ________.

Multinational corporations maintain significant operations in two or more countries simultaneously.

Jana has spent the last year traveling to different operations for her company. She visited factories in Mexico and Thailand, a finance operation in Singapore, a pearl company in Japan, and many other venues. She now has collected her thoughts about the various places she visited. -In Denmark Jana met people who marveled about the ability of Americans to be so "bold" and flexible when it came to making decisions about the future, while the Danish tended to rely on rules when facing uncertainty.How would you characterize this trait that Americans appear to have?

The socioeconomic view is that management's social responsibility goes beyond making profits to include ________.

In a short essay, discuss arguments for and against social responsibility.

One prominent argument against being socially responsible makes the claim that business managers are ________ to address social concerns.

Today's younger workers tend to give family a higher priority than their jobs.

A ________ is a formal document that states an organization's primary values and the ethical rules it expects its employees to follow.

Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. Their company, which includes TJ Soft stores, is looking for opportunities in the future that include international operations. -A game company in Thailand wants TJ Soft to join it and work together to create a new game that bears the brand name of both companies.What would be an appropriate approach for this venture?

The board of directors of the Four Forks Generating Corporation is meeting to consider the construction of a new electrical generation facility near the Four Forks River. Director Appleton prefers a coal-burning plant because it promises to be the most profitable alternative. Over the short term at least, a coal plant will be by far the least expensive facility to build and operate. Coal is cheap and the considerable pollution from the plant won't affect anything within hundreds of miles from the plant. Director Estrella wants a nuclear plant to be located 30 miles upriver from the biggest city in the area. Nuclear power is cleaner than coal. Completely safeguarding the community against accidents in the plant or the disposal of toxic waste could be very expensive. However, Estrella has discovered that the job can be done much more cheaply by cutting some corners–while still strictly following all laws–and creating some additional risk for the community. Director Jossleman supports the most expensive option of the three–she wants a wind farm to be built along the banks of the river on top of a ridge. The wind turbines produce absolutely no pollution and pose no threat to the community or the environment. They are expensive to build and to operate at the current time because they require elaborate back-up systems to function when the wind isn't blowing. -Director Estrella exhibits which of the following social responsibility views?

When a firm advertises that it only uses recycled paper products, it is ________.

Licensing and franchising typically follow the export-import phase of globalization.

Hofstede based his ratings on the traits of people of different nationalities with whom he was personally acquainted.

Gina is a dean at Polydor College, a school with almost 6,000 students. In her daily activities, she has to deal with problems that involve students, faculty, curriculum, budgets, and a variety of other things. Among the problems Gina needs to deal with are complaints from students that the Physics Department has only one faculty member who is a woman and one who is a member of a minority group. Gina has been meeting with the department chair to address this problem. Gina recognizes that students and parents pay a lot of money to attend the university, so when large and small problems arise Gina wants them dealt with effectively. She has installed a 24-hour "Hassle Line" with highly trained people to answer questions and solve problems. She hopes to have her Hassle Line employees function within a customer responsive culture -Gina's Hassle Line fields a call in which a work-study student is complaining that he is being discriminated against because he is a transgender person.What should Gina do?

The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________.