Question 1

Which of the following describes the four levels of social responsibility?

Accepted Answer

A) economic, social, legal, and voluntary 
B) economic, legal, environmental, and ethical 
C) financial, legal, environmental, and philanthropic 
D) economic, financial, legal, and ethical 
E) economic, legal, ethical, and philanthropic 
A) economic, social, legal, and voluntary 
B) economic, legal, environmental, and ethical 
C) financial, legal, environmental, and philanthropic 
D) economic, financial, legal, and ethical 
E) economic, legal, ethical, and philanthropic E

Question 2

Which of the following is one of an organization's greatest intangible assets with tangible values? ?

Accepted Answer

A) reputation 
B) profitability 
C) philanthropic activities 
D) corporate governance 
E) shareholder value 
A) reputation 
B) profitability 
C) philanthropic activities 
D) corporate governance 
E) shareholder value A

Question 3

Why do some businesspeople and scholars question whether ethics should have a role in business?

Accepted Answer

Many business people and scholars question the role of ethics and social responsibility in business. Legal and economic responsibilities are generally accepted as the most important determinants of performance. "If this is well done," say classic economic theorists,"profits are maximized more or less continuously and firms carry out their major responsibilities to society."

Question 4

Which of the following are not typically secondary stakeholders?

Accepted Answer

A) Television news anchors 
B) Special-interest groups 
C) Customers 
D) Trade associations 
E) Journalists 
A) Television news anchors 
B) Special-interest groups 
C) Customers 
D) Trade associations 
E) Journalists

Question 5

Which of the following are not typically primary stakeholders?

Accepted Answer

A) Customers 
B) Trade associations 
C) Employees 
D) Shareholders 
E) Suppliers 
A) Customers 
B) Trade associations 
C) Employees 
D) Shareholders 
E) Suppliers

Question 6

What are the four levels of social responsibility?

Accepted Answer

A) Financial, religious, ethical, and philanthropic 
B) Ethical, philanthropic, selfish, and short-sighted 
C) Economic, long-term, ethical, and philanthropic. 
D) Economic, legal, ethical, and philanthropic 
E) Economic, compliance, legal, and philanthropic 
A) Financial, religious, ethical, and philanthropic 
B) Ethical, philanthropic, selfish, and short-sighted 
C) Economic, long-term, ethical, and philanthropic. 
D) Economic, legal, ethical, and philanthropic 
E) Economic, compliance, legal, and philanthropic

Question 7

When unethical acts are discovered in a firm,in most instances

Accepted Answer

A) they are caused by unwilling participants. 
B) the cause is due to external stakeholders. 
C) the perpetrators are caught and prosecuted. 
D) there was knowing cooperation or complicity from within the company. 
E) the cause is a corrupt Board of Directors. 
A) they are caused by unwilling participants. 
B) the cause is due to external stakeholders. 
C) the perpetrators are caught and prosecuted. 
D) there was knowing cooperation or complicity from within the company. 
E) the cause is a corrupt Board of Directors.

Question 8

The board of directors' fiduciary duty to a company means they have assumed a position of trust and confidence that entails certain responsibilities.

Accepted Answer

A) True 
 B)False

Question 9

Major corporate governance issues normally involve _____ decisions.(Choose the response that is most correct)

Accepted Answer

A) strategic-level 
B) tactical-level 
C) divisional-level 
D) marketing-level 
E) accounting-level 
A) strategic-level 
B) tactical-level 
C) divisional-level 
D) marketing-level 
E) accounting-level

Question 10

In corporate governance,_____ is the process of auditing and improving organizational decisions and actions.

Accepted Answer

A) profit 
B) loyalty 
C) accountability 
D) control 
E) diligence 
A) profit 
B) loyalty 
C) accountability 
D) control 
E) diligence

Question 11

Social responsibility rests on a stakeholder orientation.?

Accepted Answer

A) True 
 B)False

Question 12

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

Accepted Answer

A) Investors 
B) Community 
C) Suppliers 
D) Customers 
E) Employees 
A) Investors 
B) Community 
C) Suppliers 
D) Customers 
E) Employees

Question 13

In Dodge vs.Ford Motor Co.,the court ruled that a business exists for the profit of shareholders,and the board of directors should focus on that objective.

Accepted Answer

A) True 
 B)False

Question 14

Shareholders provide resources to an organization that are critical to long term success.Which of the following does the book suggest that suppliers offer?

Accepted Answer

A) The promise of customer loyalty 
B) Material resources and/or intangible knowledge 
C) Infrastructure 
D) Revenue 
E) Leadership skills 
A) The promise of customer loyalty 
B) Material resources and/or intangible knowledge 
C) Infrastructure 
D) Revenue 
E) Leadership skills

Question 15

Discuss three corporate governance issues,why they are defined as issues,and how you would solve them.Use examples in your answer.

Accepted Answer

Students could choose from any of sever

Question 16

The idea that the mission of business is to produce goods and services at a profit,thus maximizing its contribution to society is associated with

Accepted Answer

A) Adam Smith. 
B) Archie Carroll. 
C) Jack Ma. 
D) Noel Biderman 
E) Milton Friedman. 
A) Adam Smith. 
B) Archie Carroll. 
C) Jack Ma. 
D) Noel Biderman 
E) Milton Friedman.

Question 17

Compare and contrast the stakeholder and shareholder models of corporate governance.

Accepted Answer

The shareholder model of corporate gover

Question 18

The originator of the idea of the invisible hand,which is a fundamental concept in free market capitalism,was

Accepted Answer

A) Adam Smith. 
B) Archie Carroll. 
C) Jack Ma. 
D) Noel Biderman. 
E) Milton Friedman. 
A) Adam Smith. 
B) Archie Carroll. 
C) Jack Ma. 
D) Noel Biderman. 
E) Milton Friedman.

Question 19

The normative approach ______________________.

Accepted Answer

A) focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships 
B) describes what happens if firms behave in a particular way 
C) is the degree to which a firm understands and addresses stakeholder demands 
D) describes reciprocal relationships between the firm and a host of stakeholders 
E) identifies guidelines that dictate how firms should treat stakeholders 
A) focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships 
B) describes what happens if firms behave in a particular way 
C) is the degree to which a firm understands and addresses stakeholder demands 
D) describes reciprocal relationships between the firm and a host of stakeholders 
E) identifies guidelines that dictate how firms should treat stakeholders

Question 20

Why is ethical misconduct more difficult to overcome than poor financial performance?

Accepted Answer

Lost finances can be

Which of the following describes the four levels of social responsibility?

Which of the following is one of an organization's greatest intangible assets with tangible values? ?

Why do some businesspeople and scholars question whether ethics should have a role in business?

Which of the following are not typically secondary stakeholders?

Which of the following are not typically primary stakeholders?

What are the four levels of social responsibility?

When unethical acts are discovered in a firm,in most instances

The board of directors' fiduciary duty to a company means they have assumed a position of trust and confidence that entails certain responsibilities.

Major corporate governance issues normally involve _____ decisions.(Choose the response that is most correct)

In corporate governance,_____ is the process of auditing and improving organizational decisions and actions.

Social responsibility rests on a stakeholder orientation.?

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

In Dodge vs.Ford Motor Co.,the court ruled that a business exists for the profit of shareholders,and the board of directors should focus on that objective.

Shareholders provide resources to an organization that are critical to long term success.Which of the following does the book suggest that suppliers offer?

Discuss three corporate governance issues,why they are defined as issues,and how you would solve them.Use examples in your answer.

The idea that the mission of business is to produce goods and services at a profit,thus maximizing its contribution to society is associated with

Compare and contrast the stakeholder and shareholder models of corporate governance.

The originator of the idea of the invisible hand,which is a fundamental concept in free market capitalism,was

The normative approach ______________________.

Why is ethical misconduct more difficult to overcome than poor financial performance?

The Importance of Business Ethics

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: The Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Exam 2: Stakeholder Relationships, Social Responsibility, and Corporate Governance

Which of the following describes the four levels of social responsibility?

Which of the following is one of an organization's greatest intangible assets with tangible values? ?

Why do some businesspeople and scholars question whether ethics should have a role in business?

Which of the following are not typically secondary stakeholders?

Which of the following are not typically primary stakeholders?

What are the four levels of social responsibility?

When unethical acts are discovered in a firm,in most instances

The board of directors' fiduciary duty to a company means they have assumed a position of trust and confidence that entails certain responsibilities.

Major corporate governance issues normally involve _____ decisions.(Choose the response that is most correct)

In corporate governance,_____ is the process of auditing and improving organizational decisions and actions.

Social responsibility rests on a stakeholder orientation.?

Public health and safety and support of local organizations are issues most relevant to which stakeholder group?

In Dodge vs.Ford Motor Co.,the court ruled that a business exists for the profit of shareholders,and the board of directors should focus on that objective.

Shareholders provide resources to an organization that are critical to long term success.Which of the following does the book suggest that suppliers offer?

Discuss three corporate governance issues,why they are defined as issues,and how you would solve them.Use examples in your answer.

The idea that the mission of business is to produce goods and services at a profit,thus maximizing its contribution to society is associated with

Compare and contrast the stakeholder and shareholder models of corporate governance.

The originator of the idea of the invisible hand,which is a fundamental concept in free market capitalism,was

The normative approach ______________________.

Why is ethical misconduct more difficult to overcome than poor financial performance?

The Importance of Business Ethics

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: The Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters