Podcast
Questions and Answers
Who are the inside stakeholders of an organization?
Who are the inside stakeholders of an organization?
- CEOs, vendors, and competitors
- Shareholders, managers, and the workforce (correct)
- Top managers, customers, and suppliers
- Investors, consultants, and regulators
What inducements do inside stakeholders typically receive?
What inducements do inside stakeholders typically receive?
- Bonuses, time off, and flexible work hours
- Recognition, promotions, and job security
- Money, power, and organizational status (correct)
- Training, development opportunities, and mentoring
What is the responsibility of top managers in an organization?
What is the responsibility of top managers in an organization?
- To negotiate contracts with suppliers and distributors
- To manage day-to-day operations and employee schedules
- To develop marketing strategies and advertising campaigns
- To invest shareholder money in resources to maximize the organization's future output of goods and services (correct)
What do shareholders typically receive as their claim on organizational resources?
What do shareholders typically receive as their claim on organizational resources?
Who are considered the owners of an organization?
Who are considered the owners of an organization?
What comprises an organization's workforce?
What comprises an organization's workforce?
What is the primary contribution of customers to an organization?
What is the primary contribution of customers to an organization?
Which stakeholder group wants companies to compete in a fair manner and obey the rules of free competition?
Which stakeholder group wants companies to compete in a fair manner and obey the rules of free competition?
What is the role of trade unions in relation to an organization?
What is the role of trade unions in relation to an organization?
What is a major problem that an organization has to face in terms of stakeholder approval?
What is a major problem that an organization has to face in terms of stakeholder approval?
Who has the ultimate authority over the use of a corporation’s resources?
Who has the ultimate authority over the use of a corporation’s resources?
What is the role of inside directors in a company?
What is the role of inside directors in a company?
What is the system of hierarchical reporting relationships within a large corporation called?
What is the system of hierarchical reporting relationships within a large corporation called?
Who is responsible for setting the organization’s goals and designing its structure?
Who is responsible for setting the organization’s goals and designing its structure?
What can influence organizational effectiveness and decision making in five ways?
What can influence organizational effectiveness and decision making in five ways?
What does authority refer to in an organizational context?
What does authority refer to in an organizational context?
What is the primary contribution of suppliers to an organization?
What is the primary contribution of suppliers to an organization?
What is the role of corporate-level management in an organization?
What is the role of corporate-level management in an organization?
Who reports directly to the CEO and shares the principal responsibility for managing the business?
Who reports directly to the CEO and shares the principal responsibility for managing the business?
What do managers in line roles have direct responsibility for?
What do managers in line roles have direct responsibility for?
What is the term used to describe the conduct of corporate managers who act in their own interests rather than in the interests of other stakeholders?
What is the term used to describe the conduct of corporate managers who act in their own interests rather than in the interests of other stakeholders?
What is the central issue to overcome the agency problem according to the text?
What is the central issue to overcome the agency problem according to the text?
What are ethical dilemmas according to the text?
What are ethical dilemmas according to the text?
What are moral scruples according to the text?
What are moral scruples according to the text?
What is a moral hazard problem according to the text?
What is a moral hazard problem according to the text?
What are governance mechanisms according to the text?
What are governance mechanisms according to the text?
What is stock-based compensation according to the text?
What is stock-based compensation according to the text?
What is an ethical decision according to the moral rights model?
What is an ethical decision according to the moral rights model?
What is described by 'self-dealing' according to the text?
What is described by 'self-dealing' according to the text?
What are ethics according to the text?
What are ethics according to the text?
What is an agency problem according to agency theory?
What is an agency problem according to agency theory?
According to the passage, what are the three principal sources of ethical values that influence organizational ethics?
According to the passage, what are the three principal sources of ethical values that influence organizational ethics?
What is one of the reasons why ethical rules governing action develop?
What is one of the reasons why ethical rules governing action develop?
What is the 'tragedy of the commons' problem referred to in the passage?
What is the 'tragedy of the commons' problem referred to in the passage?
What is whistle-blowing as mentioned in the text?
What is whistle-blowing as mentioned in the text?
Why do ethical laws and rules emerge, according to the passage?
Why do ethical laws and rules emerge, according to the passage?
What do professional ethics refer to as mentioned in the passage?
What do professional ethics refer to as mentioned in the passage?
How can an organization encourage employees to act ethically?
How can an organization encourage employees to act ethically?
What is one of the reasons why unethical behavior takes place, according to the passage?
What is one of the reasons why unethical behavior takes place, according to the passage?
What does 'whistle-blowing' culture refer to as mentioned in the text?
What does 'whistle-blowing' culture refer to as mentioned in the text?
What is one of the best ways of understanding the self-interest issue, as mentioned in the text?
What is one of the best ways of understanding the self-interest issue, as mentioned in the text?
What does 'professional ethics' specifically control as per the passage?
What does 'professional ethics' specifically control as per the passage?
According to the passage, what are societal ethics codified in?
According to the passage, what are societal ethics codified in?
