Question 1

When employees feel that contributions exceed inducements, they are likely to withdraw their support for the organization.

Accepted Answer

A) True 
 B)False

Question 2

Moral hazard is a condition that exists when managers must make quick decisions that may go against their ethical principles.

Accepted Answer

A) True 
 B)False

Question 3

Who usually ensures that an organization's internal operations match strategic objectives?

Accepted Answer

A)  The executive vice president of production 
B)  The president 
C)  The CEO 
D)  The production manager 
A)  The executive vice president of production 
B)  The president 
C)  The CEO 
D)  The production manager

Question 4

________ evolve(s) through negotiation and compromise between stakeholders.

Accepted Answer

A)  Organizational ethics 
B)  Social responsibility 
C)  Rites of passage 
D)  Socialization tactics 
A)  Organizational ethics 
B)  Social responsibility 
C)  Rites of passage 
D)  Socialization tactics

Question 5

A company's top-management team consists of:

Accepted Answer

A)  functional and divisional managers. 
B)  senior vice presidents and divisional managers. 
C)  executive vice presidents and vice presidents. 
D)  the president and executive vice president. 
A)  functional and divisional managers. 
B)  senior vice presidents and divisional managers. 
C)  executive vice presidents and vice presidents. 
D)  the president and executive vice president.

Question 6

Stakeholders will generally participate in an organization if:

Accepted Answer

A)  payments exceed contributions. 
B)  inducements exceed kickbacks. 
C)  inducements exceed contributions. 
D)  contributions exceed inducements. 
A)  payments exceed contributions. 
B)  inducements exceed kickbacks. 
C)  inducements exceed contributions. 
D)  contributions exceed inducements.

Question 7

The skills that organizations require to perform tasks are called ________.

Accepted Answer

A)  dividends 
B)  inducements 
C)  payments 
D)  contributions 
A)  dividends 
B)  inducements 
C)  payments 
D)  contributions

Question 8

You are the owner of a factory that makes candy bars. One morning, you notice an employee intentionally inserting an insect into a piece of candy. You can't stop the line of production in time, and therefore can't find the piece of candy. It is mixed in with thousands of other pieces.
a. What would you do to solve this problem?
b. Which solution does your stakeholder group emphasize?
c. Does your solution align with the moral rights, justice, or utilitarian model of ethics? Describe why.

Accepted Answer

Make sure their solution solve

Question 9

Neither laws nor ethics are fixed principles that remain constant over time.

Accepted Answer

A) True 
 B)False

Question 10

The concept of stockholder rights has become increasingly important in the 2000s.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following employees would be considered to have a line role?

Accepted Answer

A)  Vice President of Production 
B)  Executive Vice President of Finance 
C)  R&D director 
D)  Sales manager 
E)  All are line roles. 
A)  Vice President of Production 
B)  Executive Vice President of Finance 
C)  R&D director 
D)  Sales manager 
E)  All are line roles.

Question 12

Which of the following are generally used to solve agency problems?

Accepted Answer

A)  Ethics Credo's 
B)  Principles not susceptible to moral hazard 
C)  A more authoritarian management structure 
D)  Governance mechanisms 
A)  Ethics Credo's 
B)  Principles not susceptible to moral hazard 
C)  A more authoritarian management structure 
D)  Governance mechanisms

Question 13

Which of the following is an inducement?

Accepted Answer

A)  Social and economic infrastructure 
B)  Stock appreciation 
C)  High-quality inputs 
D)  Free and fair collective bargaining 
A)  Social and economic infrastructure 
B)  Stock appreciation 
C)  High-quality inputs 
D)  Free and fair collective bargaining

Question 14

Which of the following is a contribution?

Accepted Answer

A)  One's knowledge 
B)  Gaining organizational power 
C)  Dividends 
D)  Salaries 
A)  One's knowledge 
B)  Gaining organizational power 
C)  Dividends 
D)  Salaries

Question 15

Which of the following is an inside stakeholder group?

Accepted Answer

A)  Trade unions 
B)  Shareholders 
C)  Suppliers 
D)  Customers 
A)  Trade unions 
B)  Shareholders 
C)  Suppliers 
D)  Customers

Question 16

The hierarchy can be defined as the vertical ordering of organizational roles according to their relative authority.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following would be considered to be the lowest level of management?

Accepted Answer

A)  Functional managers 
B)  Divisional managers 
C)  Line managers 
D)  Vice presidents 
A)  Functional managers 
B)  Divisional managers 
C)  Line managers 
D)  Vice presidents

Question 18

The subprime mortgage meltdown has resulted in an increased emphasis on large institutional investment companies to protect consumer interests.

Accepted Answer

A) True 
 B)False

Question 19

When delegating authority, the agency problem arises because:

Accepted Answer

A)  the agent does not want to give up power. 
B)  the principle tends to have less information than the agent. 
C)  the principle does not desire more duties. 
D)  the agent tends to have less information than the principle. 
A)  the agent does not want to give up power. 
B)  the principle tends to have less information than the agent. 
C)  the principle does not desire more duties. 
D)  the agent tends to have less information than the principle.

Question 20

Because stakeholder goals conflict, an organization should just attempt to minimally satisfy the majority of stakeholders.

Accepted Answer

A) True 
 B)False

When employees feel that contributions exceed inducements, they are likely to withdraw their support for the organization.

Moral hazard is a condition that exists when managers must make quick decisions that may go against their ethical principles.

Who usually ensures that an organization's internal operations match strategic objectives?

________ evolve(s) through negotiation and compromise between stakeholders.

A company's top-management team consists of:

Stakeholders will generally participate in an organization if:

The skills that organizations require to perform tasks are called ________.

Neither laws nor ethics are fixed principles that remain constant over time.

The concept of stockholder rights has become increasingly important in the 2000s.

Which of the following employees would be considered to have a line role?

Which of the following are generally used to solve agency problems?

Which of the following is an inducement?

Which of the following is a contribution?

Which of the following is an inside stakeholder group?

The hierarchy can be defined as the vertical ordering of organizational roles according to their relative authority.

Which of the following would be considered to be the lowest level of management?

The subprime mortgage meltdown has resulted in an increased emphasis on large institutional investment companies to protect consumer interests.

When delegating authority, the agency problem arises because:

Because stakeholder goals conflict, an organization should just attempt to minimally satisfy the majority of stakeholders.

Organizations and Organizational Effectiveness

Managing in a Changing Global Environment

Basic Challenges of Organizational Design

Designing Organizational Structure: Authority and Control

Designing Organizational Structure: Specialization and Coordination

Creating and Managing Organizational Culture Environment

Organizational Design and Strategy in a Changing Global Environment

Organizational Design, Competences, and Technology

Managing Innovation and Change

Organizational Birth, Growth, Decline, and Death

Decision Making and Organizational Learning

Managing Innovation, Intrapreneurship, and Creativity

Managing Conflict, Power, and Politics

Filters

Exam 2: Stakeholders, Managers, and Ethics

When employees feel that contributions exceed inducements, they are likely to withdraw their support for the organization.

Moral hazard is a condition that exists when managers must make quick decisions that may go against their ethical principles.

Who usually ensures that an organization's internal operations match strategic objectives?

________ evolve(s) through negotiation and compromise between stakeholders.

A company's top-management team consists of:

Stakeholders will generally participate in an organization if:

The skills that organizations require to perform tasks are called ________.

Neither laws nor ethics are fixed principles that remain constant over time.

The concept of stockholder rights has become increasingly important in the 2000s.

Which of the following employees would be considered to have a line role?

Which of the following are generally used to solve agency problems?

Which of the following is an inducement?

Which of the following is a contribution?

Which of the following is an inside stakeholder group?

The hierarchy can be defined as the vertical ordering of organizational roles according to their relative authority.

Which of the following would be considered to be the lowest level of management?

The subprime mortgage meltdown has resulted in an increased emphasis on large institutional investment companies to protect consumer interests.

When delegating authority, the agency problem arises because:

Because stakeholder goals conflict, an organization should just attempt to minimally satisfy the majority of stakeholders.

Organizations and Organizational Effectiveness

Managing in a Changing Global Environment

Basic Challenges of Organizational Design

Designing Organizational Structure: Authority and Control

Designing Organizational Structure: Specialization and Coordination

Creating and Managing Organizational Culture Environment

Organizational Design and Strategy in a Changing Global Environment

Organizational Design, Competences, and Technology

Managing Innovation and Change

Organizational Birth, Growth, Decline, and Death

Decision Making and Organizational Learning

Managing Innovation, Intrapreneurship, and Creativity

Managing Conflict, Power, and Politics

Filters