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					   Parkway West
    High School




       Glenn
Business Management
  Chapter 1 / 2 test
                 #1
     Define efficiency perspective




A:                     B:




C:                     D:
A manager’s responsibility is to maximize profits
for the owners of the business.
The efficiency perspective assumes that markets
are competitive and that competitive forces move
firms toward fulfilling societal needs as expressed
by consumer demand.
                             #2
     What are some concerns with the efficiency perspective?




A:                                    B:




C:                                    D:
  Firms that do not respond to consumers’
demands such as in products, price, delivery,
   safety, etc. fear that they will go out of
                    business.
                              #3
           The choice between two competing but arguably
           valid options, have confronted people throughout
                               history are




A:     Ethical dilemmas               B:     Managerial ethics




C:   Efficiency perspective           D:       Externalities
A Ethical dilemmas
                              #4
         Decisions that are contrary to an individual’s stated
                 beliefs and policies of the company




A:       Ethical lapses               B:     Managerial Ethics




C:   Efficiency perspective           D:       Externalities
A Ethical lapses
                                 #5
           Which of the following is NOT one of the four most
            common approaches to ethical decision making?




A: Utilitarian                           B:   Moral Rights




 C: Smart                                D:   Justice
C. Smart
                              #6
     Which of the four most common approaches focuses on
     examination of the moral standing of actions that are
              independent of their consequences?




A:                                     B:
                                                    Justice
          Universal




         Utilitarian
C:                                     D:        Moral Rights
D. Moral Rights
                             #7
            Moral Intensity is the ___________to which
              people see an issue as an ethical one.




A: degree                           B: measure




C: factor
                                     D:
a. degree
                                #8
            The six components of Moral Intensity are;
          magnitude of the consequences, social consensus,
            probability of effect, temporal immediacy,
                  proximity, and _____, of effect.




A:   proximity                            B: intensity




C: concentration
                                          D:
concentration
                              #9
     This type of firm tends to obey the letter of the law
       but does not make changes that might restrict
             profits if they are not required to?




A:     Defenders                        B:     Accommodators




C:     Reactors                         D:        Anticipators
B. Accommodators
                               #10
          They tend to fight efforts that they see as resulting
         in greater restriction and regulation of their ability
                         to maximize profits?




A: Defenders                             B: Accommodators




C: Reactors                              D: Anticipators
A. Defenders
                                       #11
               A code of ethical conduct is…



A:   A formal one-page to three-page         B:  A compilation of various texts
statement outlining the types of             describing the financial profile of a
behavior that are and are not                company
acceptable




C: A book on how to manage                   D: A video about financial
firms                                        advising
A: A formal one-page to three-page statement
   outlining the types of behavior that are and
   are not acceptable
                          #12
              Which of the following have a
          significant impact on ethical decision
                        making?




A:   Managers                       B:   Robbers


                                    D: Plants outside of the
C:   Company pets                   company
A: Managers
                                   #13
               The three-criteria model that helps managers
              focus on social areas where there is the highest
                possibility of creating a shared value for the
                  business and society is known as what?




                                               B: Strategic Corporate Social
A: Universal Approach                          Responsibility Perspective




                                               D: Social Responsibility
Efficiency Perspective
                                               Perspective
B: Strategic Corporate Social Responsibility Perspective
                                      #14
         Suppose you are a Wal-Mart manager. You observe that the labor-
       intensive nature of your business places a lot of emphasis on workers.
          What approach of the Strategic Corporate Social Responsibility
                             Perspective are you using?




 Inside out
A:                                                 B:   Outside in


C:   Outside out                                   D:   None of these
A Inside out
                        #15
     Describe the three different approaches of the
     Strategic Corporate Social Responsibility
     Perspective (inside out, outside in, and outside
     out).




A:                               B:




C:                               D:
•   Inside out – look inside the
    company at issues that are more
    rather than less important as a
    function of the company’s strategy
    and business activities
•   Outside in – look outside the
    company at issues that the
    company has an impact on
•   Outside out – look at social issues
    in general in terms of the extent to
    which they are problematic
                                #16
                          Matching:
           Managerial ethics
           Ethical dilemmas
           Ethical lapses


A: Having to make a choice            B: Decisions that are contrary
between two competing but             to an individual’s stated beliefs
arguably valid options                and policies of the company



C: The study of morality and          D:
standards of business conduct
B) Ethical Dilemmas - Having to make
a choice between two competing but
arguably valid options

C) Ethical Lapses - Decisions that are
contrary to an individual’s stated
beliefs and policies of the company

A) Managerial Ethics - The study of
morality and standards of business
conduct
                        #17

     T/F Stakeholders are individuals or groups
     that have an interest in and are affected by
           the actions of an organization.




A:                                 B:




C:                                 D:
True
                        #18
        T/F stakeholders include customers,
         employees, financiers, suppliers,
     communities, and society at large as well as
                   shareholders.




A:                                B:




C:                                D:
True
                                #19

                 The Starbucks eco cup is designed to




A:   Help the environment                 B:        Save money




C:   Attract more customers               D:        All of these
             by look
Help the enviornment
                     #20
     What are the 3 approaches to guide
                managers?




A:                            B:




C:                            D:
Inside-out
Outside-in
Outside-out
                      #21
                       T/F
     You can corrupt actions of foreign
     officials, politicians, or candidates



A:                          B:




C:                          D:
False
                         #22
           What is not a possible effect
           of poor managerial ethics?



A: Negative publicity          B: Hurt a company’s
                               stock price



C: Destroy shareholder         D: Gain a lot of new customers
price
Gain a lot of new
   customers
                        #23
     T/F The company Half priced books employs
        people within their own community and
      encourages those employees to pursue their
             own philanthropic activities.




A:                               B:




C:                               D:
True
                                        #24

                  What is the (FCPA) Foreign Corrupt
                             Practices Act?




A: a law prohibiting employees of             B: Payments to foreign
U.S. firms from corrupting the                government officials to win
actions of foreign officials,                 government contracts
politicians, or candidates for office



C: Made it illegal for U.S. firms to          D: Does not prohibit payments to
corrupt foreign officials,                    low-level government employees to
politicians, or candidates                    perform their duties
 a. - a law prohibiting employees
of U.S. firms from corrupting the
     actions of foreign officials,
   politicians, or candidates for
                office
                      #25
      T/ F: The FCPA prohibits payments to
       low-level government employees to
     perform their duties in a timely manner




A:                             B:




C:                             D:
False because the FCPA
   does not prohibit
 payments to low-level
       employees
    Great Job!!!!




Thank you for playing!

				
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