quiz 2

Question 1

how would i define ethics?

Answer 1

an individual’s
personal beliefs
about whether
a behavior,
action, or
decision is right
or wrong.

Question 2

what is ethical behavior?

Answer 2

behavior that
conforms to
generally
accepted social
norms.

Question 3

what is unethical behavior?

Answer 3

behavior that
does not
conform to
generally
accepted social
norms.

Question 4

an individuals ethics are formed by what combination of factors?

Answer 4

family, moral value, peers, and events

Question 5

managerial ethics are what?

Answer 5

are standards of behavior

that guide individual managers in their work

Question 6

who or what are the primary agents in an organization?

Answer 6

hiring and firing
wages and working conditions
privacy and respect

Question 7

what interactions between agents and organization are subject to ethical ambiguities?

Answer 7

advertising and promotions
financial disclosure
orderning and purchasing
shipping ans solicitations
bargaining and negotiation
other business relationships

Question 8

the three common options for managing ethical behavior are?

Answer 8

creating ethic codes
applying moral judgement
maintaing organizational justice

Question 9

the three step model when applying moral judgment is?

Answer 9

gathering relevant factual information
determining the most appropriate moral values
making an ethical judgement based on the rightness or wrongness of the proposed activity or policy

Question 10

what is organizational justice?

Answer 10

is the perceptions of people in an organization regarding fairness

Question 11

the four types of organizational justice are?

Answer 11

distributive justice
procedural justice
interpersonal justice
informational justice

Question 12

what is the sarbanes-oxley act?

Answer 12

the sarbanes oxley act of 2002 requires ceo’s and cfo’s to vouch for the truthfulness of their firms financial disclosures

Question 13

what is social responsibility?

Answer 13

the set of
obligations an
organization has to
protect and enhance
the societal context
in which it functions.

Question 14

in what three areas do organizations exercise social responsibility? toward

Answer 14

their stakeholder/s
natural environment
general social welfare

Question 15

who or what is an organizational stakeholder?

Answer 15

person or organization who is directly
affected by the practices of an
organization and has a stake in its
performance

Question 16

which groups of organizational stakeholders do most companies focus on?

Answer 16

employees
investors
customers

Question 17

arguments for social responsibility are?

Answer 17

business creates problems and should solve them
corporations are citizens
business have the resources to help
business can profit from social responsability

Question 18

arguments against social responsibility are?

Answer 18

business should imply focus on making profit
involvement gives business too much power
there is potential for conlfict of interest
organizations lack the expertise

Question 19

what four stances can an organization take towards social responsibility?

Answer 19

obstructionist stance
proactive stance
defense stance
accommodative stance

Question 20

how is business influenced by government? explain

Answer 20

environmental protection legislation
consumer protection legislation
employee protection legislation
securities legislation
tax codes

Question 21

how is the government influenced by business? explain

Answer 21

personal contacts and networks
lobbying Business
political action committees
favors and other influence tactics

Question 22

what are formal organizational actions?

Answer 22

legal compliance
ethical compliance
philanthropic giving

Question 23

what are informal organization actions?

Answer 23

organizational leadership plus culture

whistle blowing

Question 24

what is domestic business?

Answer 24

acquires all of its resources and sells all of its

products or services within a single country

Question 25

what is interntional business?

Answer 25

is based in a single country but acquires meaningful

resources and/or revenues from other countries

Question 26

what is multinational business?

Answer 26

uses a worldwide marketplace to buy materials,

borrow money, manufacture, and sell its products

Question 27

what is global business?

Answer 27

transcends national boundaries and is not committed

to a single home country.

Question 28

what seven strategies can an organization use to increase international activity?

Answer 28

exporting
importing
lecensing
strategic alliance
direct investment

Question 29

what are some advantages and disadvantages of different approaches to internationalization?

Answer 29

small cash outlay

con tariffs and taxes

Question 30

what are the three different elements of the global economy?

Answer 30

market economies

market systems

Question 31

what is the market economy term?

Answer 31

a market economy is based on the private ownership of business that allows market factors such as supply and demand to determine business strategy

Question 32

what are market systems?

Answer 32

clusters of countries that engage in high levels of trade with one another

Question 33

what are some of the mature market economies and systems discussed?

Answer 33

NAFTA north americ free trade agreement
EU european union
Pacific Asia

Question 34

what is the role of gatt and wto?

Answer 34

promote fair trade policies
reduce trade barriers
resolve trade disputes

Question 35

what does the infrastructure mean?

Answer 35

schools, hospitals, power plants, railroads,
highways, ports, airfields, and distribution systems
make up infrastructure.

Question 36

what does the nationalized term mean?

Answer 36

a company is taken over by the

government.