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The belief that businesses have the financial, technical, and managerial resources




1) The belief that businesses have the financial, technical, and managerial resources to;support needed public and charitable projects is known as which argument?;a. ethical obligations;b. possession of resources;c. public image;d. public expectations;2) There is ________ to say that a company?s socially responsible actions signifi cantly;hurt its long-term economic performance.;a. a lot of evidence;b. not any evidence;c. little evidence;d. mounting evidence;3) With the stakeholder approach of dealing with environmental issues, the organization;chooses to respond to ________.;a. multiple demands made by social activists;b. multiple demands made by stakeholders;c. the demands made by governmental stakeholders;d. the demands made by the strongest stakeholders;4) Values shared among the organizational members can serve as ________.;a. a reason to follow federal and state environmental laws;b. a guidepost for managerial decisions to invest in new technology;c. a guidepost for managerial decisions and actions;d. a way to shape managerial decisions to invest in economic conditions;5) Ethics training sessions can provide what benefi t?;a. They evaluate decisions and management practices in terms of the code of ethics.;b. They create ego strength in employees.;c. They strengthen the employees? locus of control.;d. They clarify acceptable and unacceptable practices.;6) Many companies have ________ to encourage whistle blowers to come forward.;a. paid more attention to employees? behavior;b. shared their values;c. set up toll-free ethics hotlines;d. posted the Sarbanes-Oxley Act;An Academic Question (Scenario);As a university student, you wonder about some of the practices in the university and just;how some of these practices should be evaluated in reference to social issues.;7) If your university were paying minimum wage when necessary and applying the minimum;standard to laws, such as affi rmative action, it would be said to have fulfi lled its;a. social expectation;b. social responsiveness;c. social obligation;d. social responsibility;8) If your university provides job-share programs, builds a day-care facility, and only uses;recycled paper, it could be said to be ________.;a. socially responsive;b. socially image conscious;c. fulfi lling its social obligation;d. socially aware;Summing Up Social Responsibility (Scenario);Max Proffit, director of research and development for National Products Company, has;learned that a new material has been developed in his department that appears as though;it will work in several products already being manufactured by National Products Company.;He has discussed the potential savings with his two assistants, Susie Merriweather and;Moe Gaines, and Rush Onward, vice president of product development. Susie has stated;her opposition to the use of the new product because its durability and fl ame retardance;have not completed testing and have not been certifi ed by the company?s third-party;testing laboratory. Moe argues that the initial tests that their R&D department completed;indicate minimal problems with both durability and fl ame retardance. Rush states that in;several meetings he has recently attended, the company president had repeatedly emphasized;the need to increase earnings per share. Rush tells Max that a decision has to be;made within the week about the new products use by National Products Company.;9) Susie?s opposition to the use of the new product is an indication that she probably;a. has a weak ego strength;b. is using the classical view of social responsibility;c. has an external locus of control;d. has an internal locus of control;10) Which of the following is not a valid assumption about rationality?;a. The problem is clear and unambiguous.;b. Preferences are clear.;c. A single, well-defi ned goal is to be achieved.;d. Preferences are constantly changing.;11) An increased commitment to a previous decision despite evidence that it may have;been wrong is referred to as ________.;a. escalation of commitment;b. dimensional commitment;c. expansion of commitment;d. economies of commitment;12) Intuitive decision making is ________.;a. not utilized in organizations;b. important in supporting escalation of commitment;c. a conscious process based on accumulated judgment;d. making decisions based on experience, feelings, and accumulated judgment;13) A procedure ________.;a. is a series of interrelated sequential steps to respond to a structured problem;b. is an explicit statement detailing exactly how to deal with a decision;c. allows a manager to use broad decision-making authority;d. is a set of guidelines that channel a manager?s thinking in dealing with a problem;Decisions, Decisions (Scenario);Sondra needed help. Her insurance company?s rapid growth was necessitating making;some changes, but what changes? Should they add to the existing information system or;should they buy a new system? She was given the responsibility of analyzing the company?s;present information system and deciding what the company should do that would;give them plenty of room. She was confused and needed help in making the correct decision.;14) According to the decision-making process, the second step Sondra should take is to;a. evaluate her decision?s effectiveness;b. allocate weights to the criteria;c. identify decision criteria;d. analyze alternative solutions;Is the Picture Clear? (Scenario);Sharon was the regional manager of a large cable television company. She faced many;problems and decisions daily, such as how to price each market, who to hire, what kind;of technology she should purchase, and how she should handle the increasing customer;complaints. She needed some help sorting these issues out.;15) Sometimes Sharon instructs her local managers to follow ________ when confronted;with problem situations. These establish parameters for the manager making the decision;rather than specifi cally stating what should or should not be done.;a. policies;b. orders;c. procedures;d. rules;16) Formal planning involves which of the following aspects?;a. distributing the plan to all managerial employees;b. writing objectives;c. developing general objectives;d. planning for up to one year;17) What is the fi rst step in a typical MBO program?;a. Unit managers collaboratively set specifi c objectives for their units with their managers.;b. The organization?s overall objectives and strategies are formulated.;c. Major objectives are allocated among divisional and departmental units.;d. Action plans are specifi ed and agreed upon by managers and employees.;18) Formal plans serve as a roadmap although the destination may be changing constantly;due to ________.;a. management changes;b. employment makeup;c. political changes;d. dynamic market conditions;Planning Factors (Scenario);As vice president of a local manufacturer, you are interested in developing a new organizational;plan. However, you are not sure who you should assign to the varying planning;tasks. At the same time, several other issues that could deeply affect your business are;pending, including rising interest rates and the potential formation of a new employee;union. You must also consider your fi rm?s contracts with large vendors that extend fi ve;years into the future.;19) The issues that may deeply impact your business such as rising interest rates, formation;of a new employee union, and the fi rm?s contracts with large vendors, are examples;of ________ factors that affect planning.;a. noncontrollable;b. outside;c. environmental;d. contingency;The State Road 7 Collaborative (Scenario);The South Florida Regional Planning Council convened a group of stakeholders, including;the Florida Department of Transportation and the Department of Community Affairs, who;are interested in working together on improving State Road 7. David Dahlstrom is the senior;planner for the South Florida Regional Planning Council. Mr. Dahlstrom successfully;obtained a technical assistance grant. The intent is to organize the 15 small communities;along State Road 7 into an intergovernmental unit. All of the communities will share the;same visioning processes of mission, objectives, and tasks. Mr. Dahlstrom is now charged;with developing a strategic plan for this group, called the State Road 7 Collaborative.;20) First, Mr. Dahlstrom must determine the goals he wants to achieve. To do so, he must;follow a series of steps for goal setting. The fi rst step in setting goals for this new;group should be to ________.;a. request input from others and then formulate specifi c goals;b. formally establish the organization?s mission;c. determine the goals individually and then ask for input from others;d. evaluate available resources;21) If a bank estimates the capabilities of its training and development department employees;prior to implementing a new training program designed to change their;method of providing customer service, it is completing what step in the strategic management;process?;a. doing an internal analysis;b. doing an external analysis;c. formulating strategies;d. identifying the organization?s current mission, goals, and strategies;22) An example of ________ is when an organization possesses a characteristic that sets;itself apart from competitors and gives the fi rm a distinctive edge.;a. legal propriety;b. competitive power;c. core competency;d. competitive advantage;23) Functional-level strategy directly supports ________.;a. corporate strategy;b. focus strategy;c. competitive strategy;d. differentiation strategy;24) An Internet-based knowledge management system that resulted in shorter customer;response times would be one e-business technique that contributes to the competitive;advantage of a ________.;a. star;b. cost leader;c. focuser;d. differentiator;25) The fi rst organization to bring a product or service to market is often referred to as the;a. trailblazer;b. prime player;c. fi rst mover;d. market leader;Additional Requirements;Min Pages: 1;Level of Detail: Only answer needed;View full expert interaction;raheema.begum answered the question Oct 22, 2014 at 2:27pm;Hi please find the Answer document of... View Full Answer Download Attachment;8630575.doc;8630575.doc;Download Preview;1) The belief that businesses have the financial, technical, and managerial resources to support needed public and charitable projects is known as which argument? a. ethical...


Paper#17089 | Written in 18-Jul-2015

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