GM chap 3-4

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GM chap 3-4
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2014-03-20 12:24:37
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GM 3-4 quizs
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  1. Being socially responsibility

    A.   provides a company with a more   positive overall reputation.
    B.   has opened doors in local   communities. C.   has enhanced the company's   reputation with consumers.
    D.   has resulted in cost savings to   firms.                              
    E. All of these.
    E. All of these.
  2. According to Kohlberg's levels of moral development, the conventional level is characterized by considerations of society's laws and norms.
    A. True
    B.   False
    A. True
  3. According to the utilitarian approach, legal or moral claim on company resources can stand for

    A.   stability.
    B.   urgency.
    C.   utility.
    D.   legitimacy.
    E.   power.                               
    D.   legitimacy.
    (this multiple choice question has been scrambled)
  4. According to Cavanagh, using the ________ criterion, to determine if padding an expense account is ethical or not one would ask if it optimizes the satisfactions of all stakeholders.

    A.   morality                                       
    B.   justice
    C. utility
    D.   relativism
    E.   rights
    C. utility
    (this multiple choice question has been scrambled)
  5. According to Kohlberg, the second level of moral development, characterized by considerations of society's laws and norms, is called

    A.   principled.                                          
    B.   preconventional.
    C. conventional.
    D.   fundamental.
    E.   essential.
    C. conventional.
    (this multiple choice question has been scrambled)
  6. All of the following are considered secondary stakeholders EXCEPT

    A.   suppliers.
    B.   governments.
    C.   activists.
    D.   trade associations.
    E.   competitors.                                      
    A.   suppliers.
    (this multiple choice question has been scrambled)
  7. "Let the buyer beware" is a traditional saying in free market capitalism.
    A true
    B False
    A true
  8. The principle which proposes that punishment should be determined on a proportional basis to the "crime" is called

    A.   compensatory justice.                          B.   retributive justice.
    C.   relevant justice.
    D.   distributive justice.
    E.   punitive justice.
    B.   retributive justice.
  9. Which of the following is one of the most common reasons given by surveyed executives for bending the rules to attain their objectives?

    A.   organizational performance   required it B.   rules were ambiguous or out of   date
    C.   everyone does it
    D.   pressure from others                           
    E.   All of these
    E.   All of these
  10. Friedman's position on social responsibility

    A.   mirrors Carroll's position.
    B. suggests that a lack of social   responsibility reduces a firm's efficiency.
    C.   explains why firms are using their   socially responsibility actions for competitive advantage.
    D.   proposes that a lack of social   responsibility results in increased government regulations.
    E.   appears to be losing traction with   business executives.                  
    E.   appears to be losing traction with   business executives.
    (this multiple choice question has been scrambled)
  11. Which one of the following is NOT one of the arguments against social responsibility as used by economist Milton Friedman?

    A.   Spending money for social   responsibility is spending the stockholder's money for a general social   interest.                                B.   Businesses can actually do very   little in terms of social responsibility.
    C.   Spending money on social   responsibility is acting from motives other than economic and may, in the   long-run, cause harm to the very society the firm is trying to help.
    D.   There is one and only one social   responsibility of business -- to use its resources and engage in activities   designed to increase its profits so long as it stays within the rules of the   game.
    E.   Through taking on the burden of   social costs, the organization becomes less efficient, causing price   increases or postponement of growth.
    B.   Businesses can actually do very   little in terms of social responsibility.
  12. Primary stakeholders have a direct connection with the corporation and have sufficient bargaining to directly affect corporate activities.
    A. True
    B.   False
    A.   True
  13. The Golden Rule is the essence of one of Immanuel Kant's approaches to resolving ethical dilemmas.
    A. True
    B. False
    A. True
  14. A study concerning social responsibility indicates that socially-responsible firms are more likely to be welcomed into another country.
    A. True
    B. False
    A. True
  15. Law is defined as
    A. formal codes that permit or forbid   certain behaviors.
    B.   a general rule of conduct of   personal behavior, based on religious or philosophical grounds.
    C.   consensually accepted standards of   behavior for an occupation, trade, or profession.
    D.   imposing one's morality upon   another. E.   voluntary obligations assumed by   an individual or organization.
    A. formal codes that permit or forbid   certain behaviors.
    (this multiple choice question has been scrambled)
  16. Which of the following statements is true concerning secondary stakeholders?

    A. Secondary stakeholders are those   who have only an indirect stake in the corporation, but who are affected by   corporate activities. B.   Secondary stakeholders usually   include non-governmental organizations (like Greenpeace) and trade   associations.
    C.   Because the corporation's   relationship with each of these stakeholders is usually not covered by any   written or verbal agreement, there is room for misunderstanding.
    D.   Aside from competitors, secondary   stakeholders are not usually monitored by the corporation in any systematic   fashion.
    E.   All of these
    E.   All of these
  17. Role relativism is based on the belief that
    A. morality is relative to a   particular culture. B.   all moral decisions are deeply   personal and each person should be allowed to interpret situations and act on   his own moral values
    C.   social roles carry with them   certain obligations.
    D.   morality is simply a matter of   following the norms of an individual's peer group.
    E.   a decision is legitimate if it is   common practice.
    C.   social roles carry with them   certain obligations.
  18. People who are similar on relevant dimensions such as job seniority should be treated in the same way, is an example of

    A.   compensatory justice.
    B.   retributive justice.
    C.   relevant justice.                                    D. distributive justice.
    E.   punitive justice.
    D. distributive justice.
  19. According to Carroll, the responsibility that management of a business organization assumes which are purely voluntary obligations are

    A.   legal responsibilities.
    B.   ethical responsibilities.
    C.   financial responsibilities.
    D.   economic responsibilities.                       E. discretionary responsibilities.
    E. discretionary responsibilities.
  20. There is no truth to the comment that "business ethics" is an oxymoron.

    A. True                                                         B. False
    A. True
  21. Being known as a socially responsible firm may provide a company with social capital, the goodwill of key stakeholders, that can be used for competitive advantage.

    A. True
    B.   False
    A. True
  22. All of the following are one of the four types of moral relativism EXCEPT

    A.   naive relativism.                                     B.   principled relativism.
    C.   role relativism.
    D.   social group relativism.
    E.   cultural relativism.
    B.   principled relativism.
  23. Specific changes reported by CEOs in a survey by the Business Roundtable Institute for Corporate Ethics included all of the following EXCEPT

    A.   enhanced internal reporting and   communications.
    B.   greater oversight by the board of   directors.
    C.  decreased number of   whistleblowers.
    D.   ethics hotlines.
    E.   improved compliance procedures.    
    C.  decreased number of   whistleblowers.
    (this multiple choice question has been scrambled)
  24. As societal values evolve, it is likely that the _________ responsibilities of today may become the _________ responsibilities to tomorrow.

    A.   discretionary; economic.
    B.   legal; discretionary.
    C.   economic; ethical.
    D.   legal; ethical.                           
    E.   discretionary; ethical.
    E.   discretionary; ethical.
    (this multiple choice question has been scrambled)
  25. The principle which argues that wrongs should be compensated in proportion to the offense suffered is called
    A. compensatory justice.
    B.   punitive justice.
    C.   retributive justice.
    D.   distributive justice.
    E.   relevant justice.
    A. compensatory justice.
    (this multiple choice question has been scrambled)
  26. Industryanalysis was popularized by Michael Porter.
    A. True
    B. False
    A. True
  27. When strategic managers have a willingness to reject unfamiliar as well as negative information it is referred to as

    A.   management indifference.           
    B.   strategic myopia.
    C.   strategic paralysis.
    D.   corporate inertia.
    E.   Corporate apathy
    B.   strategic myopia.
    (this multiple choice question has been scrambled)
  28. The technique recommended by the text to organize an analysis of external strategic factors is called

    A.   S.W.O.T.               
    B.   IFAS.
    C.   EFAS.
    D.   SFAS.
    E. the issues priority matrix. 0%
    C.   EFAS.
    (this multiple choice question has been scrambled)
  29. One of the possible barriers to entry is product differentiation.

    A.   True
    B.   False
    A.   True
  30. The task environment includes the economic, technological, political-legal, and sociocultural forces.

    A.   True                                        
    B.   False
    B.   False
  31. Which of the following is NOT descriptive of external environmental scanning?

    A.   Used to identify opportunities and   threats.                                        
    B. It is a tool that corporations use   to avoid strategic surprise.
    C.   Used as a tool to ensure a   corporation's long-term health.
    D.   Used to identify strengths and   weaknesses.
    E.   Used to monitor, evaluate, and   disseminate information from the external environment to key people within   the corporation.
    D.   Used to identify strengths and   weaknesses.
    (this multiple choice question has been scrambled)
  32. All of the following are technological breakthroughs already having a significant impact on many industries EXCEPT

    A.   virtual personal assistants.
    B.   alternative energy sources.
    C.   genetically altered organisms.
    D. growing health consciousness.
    E.   smart, mobile robots.
    D. growing health consciousness.
    (this multiple choice question has been scrambled)
  33. The origin of competitive advantage lies in the ability to identify and respond to environmental change well in advance of competition.
    A. True
    B. False
    A. True
  34. Reactors are companies with a limited product line that focus on improving the efficiency of their existing operations.

    A.   True                               
    B.   False
    B.   False
  35. Which of the following is an example of a global industry?

    A.   health care
    B.   insurance
    C.   tires
    D.   retailing
    E.   banking                                      
    C.   tires
    (this multiple choice question has been scrambled)
  36. The most widely used forecasting technique used after trend extrapolation is

    A.   brainstorming.
    B.   simulations.                                
    C.   expert opinion.
    D.   statistical modeling.
    E.   scenario-writing.
    E. scenario-writing
    (this multiple choice question has been scrambled)
  37. A study of nearly 500 of the world's largest corporations indicated which of the following to be the most widely practiced form of forecasting?

    A.   scenario-writing
    B.   statistical modeling
    C.  brainstorming                                         
    D.   delphi technique
    E. trend extrapolation
    E. trend extrapolation
    (this multiple choice question has been scrambled)
  38. One of the demographic variables in the societal environment is the changing household composition.

    A. True
    B. False
    A. True
  39. A company that operates in at least two different product-market areas in which one product is stable and the other one is variable, reflects which strategic orientation?


    A.   prospectors
    B.   reactors                                         
    C.   analyzers
    D.   defenders
    E.   initiators
    C.   analyzers
    (this multiple choice question has been scrambled)
  40. Competitive intelligence is an informal program of gathering information on a company's competitors.
    A. True
    B. False
    B. False
  41. In addition to Porter's Five Forces, another force added in the text is.

    A. other stakeholders.
    B.   threat of shareholders.
    C.   bargaining power of unions.                                                 
    D.   bargaining strength of employees.
    E.   threat of prospects.
    A. other stakeholders.
    (this multiple choice question has been scrambled)
  42. A consolidated industry is dominated by a few large firms, each of which struggles to differentiate its products from the competition.
    A. True
    B. False
    A. True
  43. Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as

    A.   external strategic factors.
    B.   internal strategic factors.
    C.   matrix factors.                                       D.   key success factors.
    E.   industry scenario.
    D.   key success factors.
  44. According to Michael Porter, a high force can be regarded as threat because it is likely to reduce profits.
    A. True
    B. False
    A. True
  45. Political-legal forces regulate   the values, mores, and customs of society.                                
    A.                True                                                      
    B.                False
    B.                False
  46. Today's organizations must scan the natural environment for factors that might previously have been taken for granted. 
    A.   True
    B.   False
    A.   True
  47. What are the key environmental   trends that are judged to have a medium to high probability of occurrence and   a medium to high probability of impact on the corporation
    A.   external strategic factors
    B.   scenarios
    C.   industry forces
    D.   historical concerns
    E.   strategic issues
    A.   external strategic factors
    (this multiple choice question has been scrambled)
  48. The transferring of profits from a   foreign subsidiary to a corporation's headquarters is known as repatriation of profits.                    
                                                                                                                                      A.            True                                                                 B.            False
    A.            True
  49. Which environment was generally perceived by business people to be a given until the20th century?

    A.   the task environment                              B.   the natural environment
    C.   the industry
    D.   the societal environment
    E.   the external environment
    B.   the natural environment
  50. A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is concerned about the

    A.    threat of new entrants.
    B.    rivalry among existing firms.          
    C.   threat of substitute products.
    D.   bargaining power of suppliers.
    E.   bargaining power of buyers.
    . C. threat of substitute products.

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