GOOD GOVERNANCE

Question 1

An example of spatial externalization that imposes costs upon whoever is tasked with such disposal.

Answer 1

Waste Disposal

Question 2

An example of spatial externalization that imposes costs upon customers who must queue for service.

Answer 2

Removing staff from shops

Question 3

An example of spatial externalization that imposes costs upon suppliers by transferring stockholding

Answer 3

Just in time manufacturing

Question 4

Describes the way costs are transferred from the current time period into another - the future.

Answer 4

Temporal externalization

Question 5

Individuals voluntary gave up certain rights in order for the government of the state to be able to manage for the greater good of all citizens (as argued by Jean Jacques Rousseau).

Answer 5

Social Contract

Question 6

An example of temporal externalization: deferring_________to a future time period and so
increasing reported value in the present.

Answer 6

Investment

Question 7

An example of temporal externalization: Eliminating ____________ may save costs in the present at the expense of future competitiveness.

Answer 7

Staff training

Question 8

An example of temporal externalization:_________ which must then be cleaned up in the future.

Answer 8

Causing pollution

Question 9

Stakeholders who cannot choose not to be a stakeholder to an organization.

Answer 9

Involuntary stakeholder

Question 10

Stakeholders included within the organization such as employees or managers.

Answer 10

Internal stakeholders

Question 11

According to Hetherington, an amount of corporate non-profit activity will reduce either________
or the market performance of the_________

Answer 11

Dividends
Stocks

Question 12

Any actions which an organization undertakes will have an effect not just upon itself but also upon the ____________within which that organization resides.

Answer 12

external environment

Question 13

Milton Friedman says, “There is one and only one social responsibility of business -to use its______and engage in activities designed to increase Its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.

Answer 13

Resources

Question 14

Effect of the organizational activities: The utilization of _________ as part of its production processes.

Answer 14

natural resources

Question 15

Effect of the organizational activities: The effects of ________
between itself and other organizations in the same market.

Answer 15

competition

Question 16

Effect of the organizational activities: The enrichmentof local community through the creation of __________ ___________

Answer 16

employment opportunities

Question 17

Effect of the organizational activities: Transformation of the _________ due to raw material extraction or product waste storage.

Answer 17

landscape

Question 18

Effect of the organizational activities: The distribution of _________created within the firm to the owners of that firm (via dividends) and the workers of that firm (through wages) and the effect of this upon the welfare of individuals.

Answer 18

wealth

Question 19

Effect of the organizational activities: the greatest concern has been with________ ________and the way in which the emission of greenhouse gases (contributes to greenhouse effect).

Answer 19

climate change

Question 20

__________is concerned with the effect which action taken in the
present has upon the options available in the future.

Answer 20

Sustainability

Question 21

___________ means that the external impact of the actions of the organization can be ascertained from that organization’s reporting and pertinent facts that are not disguised within that reporting.

Answer 21

Transparency

Question 22

is concerned with an organization recognizing that its actions affect external environment, and therefore assuming responsibility for the effects of its actions.

Answer 22

Accountability

Question 23

Raw materials of an extractive in nature, such as coal, iron, or oil, are___________in quantity and once used are not available for future use.

Answer 23

Finite

Question 24

___________ in the future will be needed to fulfil the functions currently provided by the resources that are limited in quantity.

Answer 24

Alternatives

Question 25

____________ is the trapping of the sun’s warmth in a planet’s lower atmosphere.

Answer 25

Greenhouse effect

Question 26

As resources becomes depleted then the cost of acquiring the remaining resources tends to ________

Answer 26

increase

Question 27

It describes the way in which costs can be transferred to other entities in the current time period.

Answer 27

Spatial externalization

Question 28

An example of spatial externalization that imposes costs upon the local community through reduced quality of life because of pollution caused by dead rivers or increased traffic.

Answer 28

Environmental degradation

Question 29

An example of spatial externalization that imposes costs upon society at large.

Answer 29

Causing pollution