Exam 3: The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Regulatory agencies that establish ground rules under which organizations may operate are known as ____.

Changes in the way politics shape laws and laws shape the opportunities for and threats to an organization are ____ forces.

As the CEO of a company that produces products for schools,Hannah feels that her company needs to not only produce a profit but also do things that benefits society.This type of company attitude is an example of ____.

Since the 1950s,the percentage of the U.S.labor force represented by unions has _____.

The plant manager of a factory that produces tires told Sal,the purchasing manager,to approach the suppliers of the plant to discuss discounts.A supplier to that factory ____.

As businesses are going green today,sustainability programs have produced environmental benefits,but unfortunately,they have also resulted in higher costs,lower revenues,and at times,have hurt organizations competitively.

Americans driving less and young people having less interest in cars are examples of trends in society known as ____ forces.

After the scandals at WorldCom,Tyco,and Enron,in which company employees lost millions of dollars and their nest eggs,there was less concern for corporate governance and more interest in the development of corporate social responsibility.

In the old days of cutthroat capitalism,a company's most important goal was to make money pretty much any way it could.Today for-profit enterprises generally make a point of "putting something back" into society as well as taking something out.

Local communities are stakeholders of organizations because communities _____.

Describe the triple bottom line.Give an example.

The general environment,or macroenvironment,includes six forces: economic,technological,sociocultural,demographic,political-legal,and international.

When Bernard Madoff used money from newer investors to pay off older ones,this was an example of ____.

Phillip said to a dear friend,"I am fed up with my company's continual disregard for human life and the environment.They just continue to secretly dispose of hazardous chemicals into a nearby stream.I don't know how they get away with it! I am going to tell somebody today." Phillip's decision to tell somebody about his company's actions is an example of a(n)______.

Corporate governance is the system ____.

Distributors can be quite important because in some industries there is not a lot of competition,so the distributor has a lot of power in setting the price of the product.

If a community gives a company tax breaks in return for the promise of new jobs and the firm fails to deliver,rescinding those tax breaks when firms don't deliver promised jobs are known as cutbacks.

When a daycare center looks at the recent increase in the number of working mothers in its area to determine how many employees to hire,this is an example of studying demographic forces.

Due to obesity issues in the lives of many customers,consumers are demanding a healthy menu from restaurants.This change in demand is an example of a demographic force.

When a food distributor looks at changing the products it markets in the southern states because of an increasing percentage of customers from Central and South America,it is looking at the ____ forces.