BUSAD 141 - Introduction to Management » Spring 2020 » Chapter 3 Quiz

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Question #1
The triple bottom line represents ______, also known as the ____.
A.   people, planet, and profit; 3 Ps
B.   financial forecasting; financial positive Fs
C.   people, purpose, and profit; triple Ps
D.   synergy, diversity, and change; diversity scale
Question #2
Employees elect a company’s board of directors.
A.   TRUE
B.   FALSE
Question #3
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 ethics
B.   mentoring
C.   philanthropy
D.   corporate sustainability
Question #4
When individuals or groups are in the process of purchasing a company, this action is known as being a stakeholder.
A.   TRUE
B.   FALSE
Question #5
Organizations cannot easily control the macro environment, which includes sociocultural, demographic, political-legal, and international forces.
A.   TRUE
B.   FALSE
Question #6
Ethics are
A.   standards of right and wrong that influence behavior.
B.   always synergy driven.
C.   rules that result in happier employees.
D.   a type of norm.
Question #7
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 business plan.
B.   a TQM system.
C.   a code of ethics.
D.   a system of corporate governance.
Question #8
A social audit is a systematic assessment of employee happiness within a company
A.   TRUE
B.   FALSE
Question #9
External stakeholders include employees, owners, and the board of director, if there is a board.
A.   FALSE
B.   TRUE
Question #10
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

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