Question 1

Moral hazard:

Accepted Answer

A)  is when the principle has too much authority over the agent. 
B)  is when the agent is motivated to pursue their own self-interest. 
C)  is when the principle behaves unethically. 
D)  is when the agent has the opportunity to unfairly influence the principle. 
A)  is when the principle has too much authority over the agent. 
B)  is when the agent is motivated to pursue their own self-interest. 
C)  is when the principle behaves unethically. 
D)  is when the agent has the opportunity to unfairly influence the principle.

Question 2

Whole Foods has been successful in part because it realizes that the most important stakeholders are the team members and investors.

Accepted Answer

A) True 
 B)False

Question 3

"Self-dealing" is defined as ________.

Accepted Answer

A)  a cash bonus distributed privately amongst the top management team 
B)  another term for "golden parachute" 
C)  a manager promoting family members at the expense of others 
D)  a manager acting in his own best interest, as opposed to the interests of the other stakeholders 
A)  a cash bonus distributed privately amongst the top management team 
B)  another term for "golden parachute" 
C)  a manager promoting family members at the expense of others 
D)  a manager acting in his own best interest, as opposed to the interests of the other stakeholders

Question 4

"Self-dealing" is the term used to describe the conduct of managers who take advantage of their position to act in their own interests rather than in the interests of other stakeholders.

Accepted Answer

A) True 
 B)False

Question 5

The board of directors selects the organization's top-management team.

Accepted Answer

A) True 
 B)False

Question 6

What was Tom LaSora's impact on the union-management relationship at Chrysler?

Accepted Answer

A)  The more conciliatory dealings has resulted in more agreements, and better work practices. 
B)  His hard line approach has made dealings much more hostile than either Ford or GM have experienced. 
C)  His anti-union stance has resulted in overall lower automobile costs for the consumer. 
D)  His "customer first" approach has resulted in a superior dealer network. 
A)  The more conciliatory dealings has resulted in more agreements, and better work practices. 
B)  His hard line approach has made dealings much more hostile than either Ford or GM have experienced. 
C)  His anti-union stance has resulted in overall lower automobile costs for the consumer. 
D)  His "customer first" approach has resulted in a superior dealer network.

Question 7

A manager following the justice model when faced with a moral decision would most likely examine how fair the decision would be to affected stakeholders.

Accepted Answer

A) True 
 B)False

Moral hazard:

Whole Foods has been successful in part because it realizes that the most important stakeholders are the team members and investors.

"Self-dealing" is defined as ________.

"Self-dealing" is the term used to describe the conduct of managers who take advantage of their position to act in their own interests rather than in the interests of other stakeholders.

The board of directors selects the organization's top-management team.

What was Tom LaSora's impact on the union-management relationship at Chrysler?

A manager following the justice model when faced with a moral decision would most likely examine how fair the decision would be to affected 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

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Exam 2: Stakeholders, Managers, and Ethics

Moral hazard:

Whole Foods has been successful in part because it realizes that the most important stakeholders are the team members and investors.

"Self-dealing" is defined as ________.

"Self-dealing" is the term used to describe the conduct of managers who take advantage of their position to act in their own interests rather than in the interests of other stakeholders.

The board of directors selects the organization's top-management team.

What was Tom LaSora's impact on the union-management relationship at Chrysler?

A manager following the justice model when faced with a moral decision would most likely examine how fair the decision would be to affected 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