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Exam 3: The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

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Question 41

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Explain the recent concerns for the independence of the board of directors.

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Perhaps the biggest problem in corporate...

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Question 42

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The mass media are part of an organization's

A) general environment.
B) task environment.
C) internal stakeholders.
D) macroenvironment.
E) distribution network.

F) B) and C)
G) A) and E)

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Question 43

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Phillip said to a close friend,"I am fed up with my company's continual disregard for the environment.They secretly dispose of hazardous chemicals into a nearby stream constantly.I don't know how they get away with it! I am going to call a reporter at the and reveal what my company is doing." Phillip's decision to tell somebody about his company's actions is an example of

_______ are regulatory agencies,such as the SEC (Securities and Exchange Commission) ,that establish ground rules under which organizations may operate.

Don was recently promoted,and his salary increase includes retirement investment options,so he has decided to take part in an ESOP.This means that Don

Joseph,a small café owner,is facing possible bankruptcy due to a severe decrease in business in his restaurant.Tom,a friend of Joseph,approached him about hiring illegal immigrants because Joseph can pay those workers a lower pay rate and save on payroll.Discuss some of the legal and ethical issues involved in this situation.How should Joseph respond to his ethical dilemma-should he hire the illegal immigrants or not? Explain your answer.

This question contains two parts;be sure to answer both.First,compare the four levels of Carroll's global corporate social responsibility pyramid.Give an example of what is desired,expected,or required at each level by global stakeholders or global capitalism at each level.Next,imagine that you are the CEO of a corporation that runs a well-branded fast-food chain,Healthy Delight.Healthy Delight is in many countries,including nations in Europe,Asia,Africa,North America,and South America.Apply each of Carroll's four levels to your business.

A(n) ____ is a formal written set of ethical standards guiding an organization's actions.

What is a synonym for the macroenvironment?

This question has two parts;be sure to answer both.First,explain each element of the triple bottom line.Next,imagine that you are managing White Teeth Inc. ,a company that produces chemical treatments that dentists use to whiten their patients' teeth.Explain how you might take each element of the triple bottom line into account in your day-to-day management of the company.

Prior to a 2010 natural-gas pipeline explosion in San Bruno,California,Pacific Gas & Electric chose to use its surplus revenues to improve safety,an example of ethical decision making.

The Sarbanes-Oxley Act of 2002 established requirements for ____.Noncompliance can result in penalties of

Pleasant Resort,a successful 100-year-old hotel and resort,entered into a co-marketing arrangement with A-Plus Hotels,a five-star hotel chain.Both companies benefit from the new relationship.Pleasant is now able to market its facility and services through A-Plus's marketing team,and A-Plus Hotels now offers access to an upscale resort that it can recommend to its customers who are looking for a resort experience.A-Plus Hotels and Pleasant Resort can be considered strategic allies.

Amy,a successful banker and educator,has decided to retire,but she is very interested in staying involved with a company "that cares." So when asked to serve on its board of directors,she gladly accepted the invitation.As a member of the board,Amy will be involved with the organization's

Bernard (Bernie) Madoff used money from newer investors to pay off older investors.Which type of scam was Madoff running?

Patsy,a registered nurse,has decided to start a home healthcare service to assist with the medical,meal preparation,and light housecleaning needs of older adults.To grow her business,Patsy is focusing her marketing efforts on the older adult population;in these efforts,she is involved with the _____ environment.

Don has managed several restaurants for over 50 years and is close to retirement.With his maturity and business experience,his decisions are sound,based on solid,proven values.Don tends to be an independent thinker who focuses on empowering his employees.Don manages at Kohlberg's ______ level of personal moral development.

After the scandals at WorldCom,Tyco,Adelphia,and Enron,in which company employees lost millions of dollars and their nest eggs,U.S.companies showed less concern for corporate governance and more interest in the development of corporate social responsibility.

A supplier is an external stakeholder that

_____ forces lead to new developments in methods for transforming resources into goods or services.For example,a new technique called hydraulic fracturing (or fracking) has been developed to harvest natural gas trapped below the earth's surface.