Management 3070 - Management and Organizational Behavior » Spring 2022 » Quiz 3

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Question #1
When individuals or groups are in the process of purchasing a company, this action is known as being a stakeholder.
A.   False
B.   True
Question #2
External stakeholders include employees, owners, and the board of director, if there is a board.
A.   True
B.   False
Question #3
Organizations cannot easily control the macro environment, which includes sociocultural, demographic, political-legal, and international forces.
A.   False
B.   True
Question #4
A distributor is a person or an organization that helps another company sell its goods and services to customers. Distributors are considered external stakeholders.
A.   False
B.   True
Question #5
Jake, the CEO of a large landscaping company, relayed to his staff that the company’s goal was to create higher profits and greater efficiency. This will fulfill their corporate social responsibility (CSR).
A.   False
B.   True
Question #6
Eric, the owner of a struggling business that supplies fresh product to restaurants, is faced with a decision that will mean either the collapse of his business or perhaps the success of his business: Should he fill customer orders for produce with some older produce mixed in with the fresh produce? This will save him enough money to keep going. Eric is faced with an ethical dilemma.
A.   True
B.   False
Question #7
The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance.
A.   False
B.   True
Question #8
A social audit is a systematic assessment of employee happiness within a company.
A.   False
B.   True
Question #9
Employees elect a company’s board of directors.
A.   False
B.   True
Question #10
The board of directors, employees, and owners are the organization’s
A.   shareholders.
B.   advisory group.
C.   internal stakeholders.
D.   community stakeholders.
E.   external stakeholders.
Question #11
An organization’s external stakeholders include
A.   employees, owners, and the board of directors.
B.   customers, competitors, suppliers, distributors, strategic allies, employee associations, local communities, financial institutions, government regulators, special-interest groups, and the mass media.
C.   customers and employees.
D.   management and non-management employees.
E.   suppliers, distributors, employees, owners, and the board of directors.
Question #12
Ethics are
A.   a type of norm.
B.   company policies that are prominently posted on office bulletin boards.
C.   standards of right and wrong that influence behavior.
D.   rules that result in happier employees.
E.   always synergy driven.
Question #13
______ is the notion that corporations are expected to go above and beyond following the law and making a profit to help society.
A.   Corporate social responsibility
B.   Societal responsibility
C.   Green business practice
D.   Corporate sustainability
E.   Corporate morality
Question #14
Evan and Sia Steele are wealthy entrepreneurs who are very interested in helping children who have been abused. What philosophy would they choose to implement?
A.   corporate governance
B.   corporate sustainability
C.   corporate ethics
D.   philanthropy
E.   mentoring
Question #15
While setting up their corporation, Hiro and Mea implement a system of governing their organization so that the interests of corporate owners and other stakeholders are protected. Hiro and Mea have set up
A.   a JIT system.
B.   a business plan.
C.   a system of corporate governance.
D.   a code of ethics.
E.   a TQM system.
Question #16
The triple bottom line represents ______, also known as the ____.
A.   synergy, diversity, and change; diversity scale
B.   people, purpose, and profit; triple Ps
C.   people, planet, and profit; 3 Ps
D.   financial forecasting; financial positive Fs
E.   energy, excitement, and excuse; success formula
Question #17
An ethical dilemma is a situation
A.   you must emphasize social performance.
B.   you must emphasize economic performance.
C.   you review standards of right and wrong that influence behavior.
D.   in which you need to decrease costs.
E.   in which you must decide whether to pursue a course of action that may benefit you or your organization but is unethical or even illegal.
Question #18
Siobhan often watches YouTube videos and is on Facebook while at work. She does not think it is an issue as she gets all her work done. After all, it does not cost the company to have her on the Internet, right? Siobhan is
A.   being abusive to her supervisor.
B.   stealing from her company.
C.   misusing company time.
D.   cheating in the workplace.
E.   violating corporate Internet policies.

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