FDNMANP Quiz 1 Compilation of Contributed Questions PDF

FDNMANP Quiz 1 Compilation of Contributed Questions K31 Questions 1. Which of the following is NOT one of the four principles of management? a. Leading b. Organizing c. Measuring d. Planning 2. Please review the statements below and indicate their accuracy: Statement 1: Effectiveness is t...

FDNMANP Quiz 1 Compilation of Contributed Questions K31 Questions 1. Which of the following is NOT one of the four principles of management? a. Leading b. Organizing c. Measuring d. Planning 2. Please review the statements below and indicate their accuracy: Statement 1: Effectiveness is the process of doing things right which involves selecting the appropriate organizational goals to achieve success. Statement 2: Efficiency is the process of doing the right things that entails maximizing output while minimizing inputs. a. Only statement 1 is accurate b. Only statement 2 is accurate c. Both statements are accurate d. Both statements are inaccurate Food stall A initially hired another worker to ease the task of the first worker. Overtime, the owner made them work in shifts. The workers are paid per hour. Meanwhile, the owner enjoys the lesser expense she has now. What type of management approach does the business use? A. FBL (answer) B. TBL C. SET D. All of the above What does the Triple Bottom Line Management framework consider that Financial Bottom Line Management does not? A. Profit, Loss, and Revenue B. Economic, Environmental, and Social Impacts (answer) C. Income, Expenses, and Taxes D. Market share, Competition, and Innovation 1. Which of the following are important managerial skills? a. Technical, Human, and Cooperation Skills b. Technical, Operational, and Administrative Skills c. Technical, Human, and Conceptual Skills d. Technical, Analytical, and Financial Skills 2. Jungkook is a manager at the BTS Company. He implemented an initiative at redefining the purpose and nature of work for employees. The initiative emphasizes mindfulness, sincere help and support in work connections, societal improvement, collective efforts, and positive social change. Which management approach is Jungkook likely using? 1 a. FBL Management b. TBL Management c. SET Management d. All of the above Unilever’s positive beauty vision claims to improve its system for its beauty and personal care brands. The company has brought in new laws, policies, and social norms to benefit people and society. Unilever’s People Positive program includes the “Self-Esteem” initiative by Dove. This movement aims to eliminate discrimination based on people’s color and physical attributes. Similarly, Lifebuoy’s Handwashing Education project spreads awareness about washing hands correctly—a movement that gained popularity during the Covid-19 pandemic (Team, 2024). What kind of Management is used? a. FBL management b. TBL management c. SET management d. Both TBL and SET management e. None of the above Which among the choices is NOT part of a management’s functions? a. Planning b. Assisting c. Controlling d. Leading e. Organizing Which of the following elements serves to provide energy to both animals and plants? (also known as the "currency of life" A. Oxygen B. Carbon (answer) C. Hydrogen D. Nitrogen Which of the following is NOT part of the approach of FBL management towards ecological well-being? A. Obstruction B. Unawareness C. Negotiation (answer) D. Legal Conformity 1. Which of the following approaches to management prioritizes financial gain above all else, leaving social and ecological concerns to external institutions a) Financial Bottom Line (FBL) (answer) b) Triple Bottom Line (TBL) c) Social and Ecological Thought (SET) 2 2. You are a manager at the ISHEN company. Sales are strong, but you've recently learned about the unethical labor practices in your overseas factories. Additionally, a new regulation is coming into effect that restricts the use of certain chemicals in your manufacturing process. These changes will likely increase costs. Following which approach (FBL, TBL, SET) would prioritize short-term profit over these social and environmental concerns? a) Financial Bottom Line (FBL) (answer) b) Triple Bottom Line (TBL) c) Social and Ecological Thought (SET) 1. A small business owner decides to focus on the long-term well-being of her employees and the local community, even if it means slower financial growth for her business. What type of economic management is she practicing? A. Acquisitive Economics B. Hybrid Economics C. Sustenance Economics D. Market Economics Correct Answer: C. Sustenance Economics 2. A manufacturing company has decided to implement a new waste reduction program, which not only minimizes waste but also reduces production costs and enhances the company's reputation. This approach aligns with which of the following management perspectives? A. FBL management B. TBL management C. SET management D. None of the above Answer: B. TBL management A multinational company has recently adopted a new management approach that emphasizes not only maximizing financial profits but also taking into account social equity and environmental sustainability. This company initiates various programs, such as reducing carbon emissions, ensuring fair wages, and investing in community health initiatives. Which management perspective is the company practicing? A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management D. None of the above An economist is analyzing the economic well-being of a country and considers three key dimensions: income, wealth, and consumption. Which of the following scenarios best represents an improvement in all three dimensions of economic well-being? A. The average income of citizens increases, but there is no change in wealth or consumption. B. Citizens experience a significant increase in wealth due to rising property values, leading to higher consumption levels but no change in income. 3 C. The government implements policies that result in higher wages for workers, increased savings rates, and a rise in consumer spending. D. A new investment initiative creates job opportunities, leading to higher incomes, increased savings, and greater consumer spending. The Triple Bottom Line (TBL) framework is used to measure an organization's commitment to sustainability and social responsibility by evaluating its impact on three key areas. Which of the following statements accurately describes the principles of TBL? A) TBL emphasizes that companies should primarily focus on profit, as it naturally leads to positive social and environmental outcomes. B) TBL requires businesses to balance their pursuit of profit with initiatives that enhance social equity and environmental health. C) TBL is a reporting framework that measures environmental sustainability through metrics such as carbon footprint and resource usage. D) TBL suggests keeping financial, social, and environmental metrics separate to avoid conflicts of interest. Answer: B 1. Annie is the top manager of a company. She gets along well with her colleagues, supervisors, and subordinates. She interacts with her coworkers in a friendly manner and often motivates them. She also has the ability to solve conflicts when necessary. Which of the following important managerial skills does Annie demonstrate in this situation? A. Technical Skills B. Human Skills (answer) C. Conceptual Skills D. Analytical Skills 2. Eco-Laundry Company is a business that, in addition to making profits and creating value for its shareholders, power its stores with wind energy, uses machines that conserve water, and employs non-toxic, biodegradable soaps and detergents. Its green dry cleaning service also uses biodegradable hangers. What type of management perspective is Eco-Laundry Company practicing? A. financial bottom line management B. triple bottom line management (answer) C. social and ecological thought management D. none of the above 1) ABCDE Corporation has redesigned its internal systems and structures to improve efficiency and ensure tasks are aligned with achieving its goals. Which function of management is ABCDE Corporation demonstrating? a) Planning b) Organizing (Answer) c) Leading d) Controlling 2) Shinkansen Kaisha prioritizes the well-being of its employees and the local community, and it actively reduces its environmental impact. While financial stability is important, it does not 4 aim to maximize financial returns. What type of management approach does Shinkansen Kaisha exemplify? a) Financial Bottom Line (FBL) Management b) Triple Bottom Line (TBL) Management c) Social and Ecological Thought (SET) Management (Answer) d) None of the above 1. EcoSavvy Corp integrates sustainability into its business strategy by minimizing its environmental footprint, supporting community projects, and ensuring a profitable operation. They also emphasize ethical sourcing and employee well-being. What type of management approach does EcoSavvy Corp employ? A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management (Answer) C. Social and Ecological Thought (SET) Management D. Cost Reduction Management 2. ClearWater Solutions is dedicated to reducing water pollution and improving water conservation practices. They work closely with local communities to promote clean water initiatives and ensure their business practices do not harm the environment. Their primary focus is on long-term ecological impact over short-term profits. Which type of management approach does ClearWater Solutions use? A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management (Answer) D. Profit Maximization Management Gearhead Inc. is a leading manufacturer of high-performance athletic wear. They pride themselves on using recycled materials, minimizing their environmental footprint, and offering fair wages to their factory workers. However, a recent surge in the price of recycled materials has significantly impacted their production costs. This has led to pressure from investors to either reduce costs or explore outsourcing manufacturing to countries with lower labor costs. Considering the principles of Triple Bottom Line (TBL) management, what is the MOST responsible next step for Gearhead Inc.? A. Focus on cost reduction by switching to cheaper, non-recycled materials. B. Offer stock options to employees to incentivize increased productivity for lower production costs. C. Increase the price of their athletic wear to customers, transparently explaining the cost increase of recycled materials. D. Investigate alternative recycled materials with lower costs while maintaining strict ethical labor standards in their supply chain. (answer) "PulsePoint" is a fast-growing startup developing a fitness tracker with advanced health monitoring features. They've prioritized cutting-edge technology and aggressive marketing campaigns to gain market share. Their tracker is priced at a premium compared to more basic competitors. However, recent reports have highlighted security vulnerabilities in their data collection practices, raising concerns among potential customers. 5 Based on the scenario, which management approach is most likely guiding PulsePoint's current operations? A. Financial Bottom Line (FBL) Management (answer) B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management D. It depends. 1. According to Fayol's management function, PLANNING is the process of _____ the goals and strategies of an organization and ______ the appropriate organizational resources that are required to achieve them. a. applying, deciding b. deciding, identifying (answer) c. identifying, relating d. deciding, applying 2. EarthlyThreads is a growing fashion company known for its commitment to sustainable practices. The company is considering launching a new clothing line made from recycled materials. However, they decided to conduct research first, and after doing so, the management team decided to proceed with the new clothing line. They ensure that the production process is both economically viable and socially responsible by partnering with factories that adhere to fair labor practices. Additionally, they use marketing campaigns to showcase the environmental impacts of their products, which resonate with their environmentally-conscious customers. What management approach is used by EcoFash and what specific actions did they do to solidify the approach? A) FBL- EarthlyThreads focuses on launching a new line so that they can maximize profits B) SET- EarthlyThreads prioritizes the environmental benefits of the new clothing line while ignoring the financial performance and social impact. C) SET- EarthlyThreads solely focuses on the use of sustainable practices and recycled materials to advocate for a green thumb D) TBL- EarthlyThreads launches the new clothing line with a balanced approach that ensures profitability, promotes fair labor practices, and uses recycled materials to reduce environmental impact. (answer) Ms. Jimenez is a manager for company XYZA. As a manager, she was given the duty to communicate with the employees regarding the decisions from the top executives. She also reports various information to different departments in the company. At times, she also appears in conferences in order to talk about the future of the company. What managerial role is apparent from her? a. Monitor role b. Disseminator role c. Spokesperson role d. Liaison role Company XYZA recently adapted a policy to reduce the costs of sales by reducing the use of plastic bags. The company CEO said in an interview "We recently developed a material that is 6 cheaper to produce and environment-friendly. By using this new material we will be able to reduce manufacturing costs and save our planet Earth." What management approach does company XYZA probably use? a. FBL Management b. TBL Management c. SET Management d. Both TBL and SET Management Which management approach emphasizes the simultaneous pursuit of economic, environmental, and social value in a business? A. Triple Bottom Line Management (Correct Answer) B. Financial Bottom Line Management C. Social and Ecological Thought Management D. None of the above What type of management focuses primarily on maximizing shareholder value and financial performance, often at the expense of environmental and social considerations? A. Triple Bottom Line Management B. Financial Bottom Line Management (Correct Answer) C. Social and Ecological Thought Management D. None of the above 1. Company Seven Evelyn reached its profit goal for the year 2024 last April. The board of directors had a meeting and decided to increase the HMO (Health Maintenance Organization or Health Benefit) of all employees in their company as compensation for the Quarter 1 performance of the year. What type of management perspective does Seven Evelyn's approach have? A. triple bottom line management (answer) B. financial bottom line Management C. Social and Ecological Thought Management D. None of the above 2. Juice Co. Lorde recently launched a new marketing campaign promoting its latest whiskey brand. The campaign features glamorous parties and celebrity endorsements, resulting in a significant increase in sales. One of the shareholders raised the controversy surrounding potential health implications and criticism from health organizations and advocacy groups for glamorizing alcohol consumption and potentially encouraging underage drinking. Despite all of these, Juice Co Lorde remained steadfast in its marketing strategy. Based on this scenario, which approach is Juice Co Lorde primarily using, considering both its focus on financial gains and the potential social and health impacts of its marketing campaign? A. Financial Bottom Line (FBL) Approach B. Triple Bottom Line (TBL) Approach (Answer) C. Social and Ecological Thinking (SET) Approach D. None of the Above 7 Joana works at a company with a managerial position. One of her colleagues, Sarah, is particularly skilled at data analysis and forecasting, which is crucial for an upcoming project. Joana also has a new intern, Isabella, who is still learning the ropes but is very enthusiastic and friendly. Joana frequently reaches out to Sarah to ask for assistance with data analysis and makes sure to compliment her work and offers her a lunch out as a token of appreciation. However, she does not interact often with Isabella outside of work-related matters. Which type of relationship skills does Joana demonstrate? A. Instrumental Relationships Skills B. User Relationship Skills C. Non-instrumental Relationship Skills D. BFF Premium Relationship Skills Isabella is the project manager for a new marketing campaign at her company. The campaign aims to launch a new product in five months, and Isabella’s first step is to identify the goals, resources, and strategies needed to ensure the campaign's success. With this, she identified the following actions: goal setting, resource allocation, strategy development, risk management, and team assignments. Which function of management is Isabella performing? A. Planning B. Organizing C. Leading D. Controlling 1. What is a key characteristic of TBL management's approach to customer demand? A. Ignoring ecological issues in favor of financial gains. B. Responding to customer demand for eco-friendly products to enhance financial performance. (Answer) C. Implementing only legally required environmental measures. D. Taking proactive measures to support the natural environment without a business case. 2. What is NOT a criticism mentioned in the text regarding the FBL and TBL approaches to meaningful work? A) They focus too much on social well-being. (Answer) B) They link meaningful work to increasing financial and material success. C) They neglect the spiritual and transcendent aspects of work. D) They may lead to increased depression, stress, and poor health. 1. Organization B focuses on maximizing its profits while ensuring that its business practices have a positive impact on society and the environment. The company implements policies to support fair labor practices, reduce carbon emissions, and engage in community development projects. What type of management perspective is Organization B practicing? A. Financial Bottom Line Management B. Social and Ecological Thought Management (answer) C. Triple Bottom Line Management D. None of the above 8 2. In an effort to improve employee performance and morale, Manager Debbie conducts regular team meetings to communicate the company's vision, motivates employees through recognition and rewards, and provides ongoing support and feedback. Which management function is primarily demonstrated by Manager Debbie's actions in motivating employees and communicating the company's vision? A. Planning B. Organizing C. Leading (answer) D. Controlling 1. Employee A holds a pivotal position in the organization and is responsible for the allocation of tasks and the development of relationships to facilitate the accomplishment of the company's strategic goals. She encompasses not only the assignment of tasks but also the coordination of efforts and resources to ensure the successful attainment of the organization's objectives. Which of Henri Fayol's management functions can best characterize this multifaceted role? a. Planning b. Organizing (Answer) c. Leading d. Controlling 2. Cat’s Tail Business has a diverse leadership team, including women in executive and managerial roles. The company actively addresses and removes gender pay gaps. Compensation is based on skills, experience, and performance, regardless of gender. A recent company survey found that all employees feel safe working without fearing gender discrimination. What type of Management perspective does Cat’s Tail Company have? a. Financial Bottom Line Management b. Triple Bottom Line Management (Answer) c. Social and Ecological Thought Management d. None of the above Corporation A believes that the government is the one responsible for the ecological balance of the country. Therefore, they are willing to pay 'green' taxes. What approach are they implementing? A. Financial Bottom Line (FBL) Approach B. Triple Bottom Line (TBL) Approach C. Social and Ecological Thought (SET) Approach D. None of the Above What type of management focuses on all of their stakeholders, making sure that their decisions are the best for the larger society? A. Financial Bottom Line (FBL) Approach B. Triple Bottom Line (TBL) Approach C. Social and Ecological Thought (SET) Approach D. None of the Above 9 GreenTech Innovations focuses on developing eco-friendly technologies. Their approach includes maintaining long-term relationships with stakeholders and prioritizing employee rights, while also aiming for sustainable financial growth. Which type of management approach is GreenTech Innovations using? a. Financial Bottom Line (FBL) Management b. Triple Bottom Line (TBL) Management c. Social and Ecological Thought (SET) Management (Answer) d. Profit Maximization Management EcoHouse Corp. has adopted a business model where they manage their resources to maximize monetary value for owners while also taking significant steps to reduce negative socio-ecological impacts. This balanced approach is an example of which economic view? a. Acquisitive Economics b. Hybrid (Answer) c. Sustenance Economics d. Traditional Economics 1. Among Henry Mintzberg's ten managerial roles, which role is responsible for transmitting decisions and other information up, down, and across an organization's hierarchy and/or to the general public? a. Liason role b. Figurehead role c. Monitor role d. Spokesperson role (answer) 2. EcoTech Company implemented a new energy-efficient production process that reduces energy costs by $700,000. The company aims to minimize its environmental footprint and use sustainable resources in manufacturing. Since EcoTech company is integrating environmental care into its strategy while also achieving financial goals, what type of management perspective does the company have? A. triple bottom line management (answer) B. financial bottom line Management C. Social and Ecological Thought Management D. None of the above K32 Questions Maria has been leading a team in her company to develop a new marketing strategy. She believes that understanding the emotional needs and motivations of the target audience is crucial for success. Her approach involves extensive market research, including surveys, focus groups, and one-on-one interviews, to gather deep insights into customer behavior. Which management function is Maria primarily using? 10 A. Planning B. Controlling C. Organizing D. Leading (Answer) Company XYZ has implemented a policy where employees can work from home twice a week. This decision was made to enhance work-life balance, reduce commuting stress, and increase job satisfaction among employees. As a result, employee productivity and overall morale have improved significantly. What type of management perspective is Company XYZ applying with its remote work policy? A. Financial Bottom Line Management B. Triple Bottom Line Management C. Social and Ecological Thought Management D. Employee-Centered Management (Answer) A non-profit organization is setting its objective for the upcoming year. They plan to expand their community outreach programs to underserved areas and increase their fundraising efforts to support these initiatives. To achieve these goals, management is identifying the necessary resources, such as hiring additional staff, investing in new software, and securing more funding. Which management function does this scenario best represent? A. Controlling B. Leading C. Organizing D. Planning (Answer) A beverage company is launching a new line of eco-friendly products. Their strategy includes not only boosting profits but also ensuring that their raw materials come from sustainably managed farms. Furthermore, the company is investing in local community projects, such as constructing schools and healthcare centers in the areas where their ingredients are grown. This approach aims to create a positive impact on the environment and society while still achieving business goals. Which management perspective does this approach best illustrate? A. Financial Bottom Line (FBL) Management B. Social and Ecological Thought (SET) Management C. Triple Bottom Line (TBL) Management (Answer) D. Greenwashing Management Alyssa Ko works for the company Lumaki Po Ako Sa Farm Inc. Her work involves assessing the organization's performance and progress using key performance indicators and developing strategies accordingly. In which level of management does Alyssa Ko belong? A. Lower Management / First Line Supervisor B. Middle Management / Middle Manager C. Top Management / Top Manager D. Team Leader Fernando Maros, the manager of LagingWala, maintains constant communication with his team and ensures that they are motivated to accomplish tasks that contribute to 11 organizational goals, even going as far as telling them, "We will go very far, under my watch." What management function does Fernando Maros showcase? A. Leading B. Controlling C. Planning D. Organizing Person A comes from a well-off family meaning she is not in dire need of money; however, her peers view her as lazy since she has everything she needs in life. In order to prove them wrong, Person A wants to get ahead of them in life and decides to start up her own business on sustainable fashion since she is passionate about the environment. What combination of meaningful work is she applying? A. Holistic and Materialistic B. Transcendent and Holistic C. Individualistic and Transcendent (answer) D. Materialistic and Holistic Person B lives in a small town and sees many issues in the area, from lack of fresh produce to even lack of repair-shops. He believes that he can make a change in his town by starting up his own businesses; he first opens B Fresh for produce, then he opens B Clean for cleaning supplies, lastly he opens B Fixed for general repairs. After opening these businesses he realizes he will require a lot of outside funding, so he gets in contact with larger firms outside his town and brings their products into his town but sells them under his businesses’ name. What combination of entrepreneur is Person B? A. Monopreneur + Micropreneur + Classic Entrepreneur B. Serial Entrepreneur + Micropreneur + Intrapreneur (answer) C. Serial Entrepreneur + Growth-Oriented Entrepreneur + Classic Entrepreneur D. Monopreneur + Growth-Oriented Entrepreneur + Intrapreneur Organization A is considering a major investment in renewable energy to power its stores. They are weighing the potential cost savings from reduced energy bills against the upfront costs of installing solar panels and wind turbines. Which approach is most likely to focus on the long-term cost savings and potential benefits of investing in renewable energy, while still highlighting the importance of financial returns? A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management D. None of the above A tech company is developing a new product designed to be more environmentally friendly. The company is encouraged to consider the full life cycle of the product, from sourcing sustainable materials to ensuring the product can be recycled or safely disposed of at the end. Which approach is most likely to support this comprehensive, lifecycle-based perspective on product development, focusing on both social and ecological impacts, even if it results in higher production costs? 12 A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management D. None of the above 1. Which transportation emits the least greenhouse house gas? a. Train b. Motorcycle c. electric car d. jogging 2. Which management approach prioritizes organically and locally grown produces a. FBL b. TBL c. SET d. both a and b Organization A, a manufacturing company, has recently decided to increase its profitability by laying off 15% of its workforce and outsourcing part of its production to countries with lower labor costs. The company’s primary objective is to maximize shareholder wealth. Which management approach is Organization A following? A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management D. None of the above. Organization B, a tech firm, has introduced a new and extensive sustainability initiative to better profit off of its assets. This includes measures to significantly reduce its generated carbon footprint, hosting interactions with the local community to advance local causes, programs to enhance the well-being of its employees, and precautions to remain within labor laws. Which management approach is Organization B exemplifying? A. Financial Bottom Line (FBL) Management B. Triple Bottom Line (TBL) Management C. Social and Ecological Thought (SET) Management D. None of the above. 1. PQR Corporation introduced a wellness program that includes gym memberships, mental health support, and nutritional counseling for its employees. This program led to lower healthcare costs, higher employee productivity, and a decrease in absenteeism. What type of management perspective is PQR Corporation applying with its wellness program? A. Financial Bottom Line Management B. Triple Bottom Line Management C. Social and Ecological Thought Management D. None of the above 2. JKL Inc. decided to invest in community development projects, including building schools and hospitals in the areas where it operates. This investment improved the company’s 13 relationship with local communities and enhanced its social license to operate. Which management perspective is JKL Inc. displaying through its community investments? A. Financial Bottom Line Management B. Social and Ecological Thought Management C. Triple Bottom Line Management D. None of the above Corporation A believes that the government is the one responsible for the ecological balance of the country. Therefore, they are willing to pay 'green' taxes. What approach are they implementing? A. Financial Bottom Line (FBL) Approach B. Triple Bottom Line (TBL) Approach C. Social and Ecological Thought (SET) Approach D. None of the Above What type of management focuses on all of their stakeholders, making sure that their decisions are the best for the larger society? A. Financial Bottom Line (FBL) Approach B. Triple Bottom Line (TBL) Approach C. Social and Ecological Thought (SET) Approach D. None of the Above Company B has implemented a comprehensive employee wellness program, supports local community projects, and has made significant donations to charitable organizations. They also conduct regular environmental impact assessments and invest in renewable energy sources to reduce their carbon footprint. Which type of management perspective is Company B adopting? A. Financial Bottom Line Management B. Triple Bottom Line Management C. Social and Ecological Thought Management (answer) D. None of the above Corporation C's primary focus is on maximizing shareholder value through cost-cutting measures, increasing production efficiency, and driving sales growth. The company does not have specific initiatives for environmental sustainability or social responsibility. Which type of management perspective is Corporation C most likely practicing? A. Triple Bottom Line Management B. Financial Bottom Line Management (answer) C. Social and Ecological Thought Management D. None of the above 1. Pia has to form her team for a seasonal dance competition. For this, she currently has to set goals and objectives, at the same time establish a proper timeline. Which function of management is she following? A. Leading B. Controlling C. Planning 14 D. Organizing 2. Joseph's approach to managing ecological wellbeing involves promoting slow food movement, as well as organic and locally-grown produce. What is likely to be his approach to social responsibility? A. Obstructionist B. Market C. Defensive D. Proactive 1. Regular printer ink has been found to have different chemicals that are harmful to the environment and pollute the soil when left in landfills (Aydemir & Ozsoy, 2020). Realizing this, Pakopya ni Edgar decided to switch to soy-based ink which is better for the environment as it is degradable and eases the process of recycling paper, despite its slower drying time and slightly higher cost than petroleum-based printer ink (American Soybean Association, 2022). If this xerox business switched to soy-based ink even though it is more costly because it recognized its dependence on ecological well-being, what type of management perspective does Pakopya ni Edgar have? A. Triple Bottom Line Management B. Financial Bottom Line Management C. Social and Ecological Thought Management (Answer) D. None of the Above 2. The electric fan company known as BEN&BENtilador is known to have expanded internationally and recruit workers from low-income countries, creating jobs for them and lowering costs of production. Since the labor is cheaper, the price of the electric fans has also decreased. Sadly, despite the jobs they have provided for many and the cheaper cost of the electric fans, their workers are still struggling as their wages aren't high enough to provide for their families and the working conditions aren't quite safe nor ethical as they have been cutting costs on safety to increase their profits. If this company only focuses on the financial benefits of saving on costs and increasing profits because these externalities don't show up on the financial reports, what type of management approach is this? A. Triple Bottom Line Management B. Financial Bottom Line Management (Answer) C. Social and Ecological Thought Management D. None of the Above 1. Which approach to ecological well-being emphasizes legal conformity and minimalist adherence to the law? a) FBL (answer) b) TBL c) SET d) None of the above 15 2. Which approach to ecological well-being focuses on proactiveness and enhancing socio- ecological well-being on its own accord? a) FBL b) TBL c) SET (answer) d) None of the above Company Y has recently invested in solar panels to power its manufacturing facilities. This initiative not only helps in reducing electricity costs but also minimizes the company's carbon footprint. Additionally, the company supports local communities by providing educational workshops on renewable energy. What type of management perspective is Company Y practicing? A. Financial Bottom Line Management B. Triple Bottom Line Management C. Social and Ecological Thought Management Organization B focuses primarily on increasing its profits and shareholder value, often at the expense of social and environmental considerations. The company believes that by maximizing financial returns, it can eventually address any negative social or environmental impacts. Which management perspective does Organization B follow? A. Triple Bottom Line Management B. Financial Bottom Line Management C. Social and Ecological Thought Management 16