Graded Exam #2 BUS

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Meru University College of Science and Technology (MUCST) *

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Management

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Nov 24, 2024

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Question 1 Correct 6.25 points out of 6.25 Flag question Question text Identify a true statement about culture. Select one: a. The specific culture within an organization can be defined easily and objectively. b. Culture, in business and elsewhere, is considered static in nature. c. Attitude and behavior comprise the biggest fraction of the elements that determine culture. d. A firm's culture can be its sustaining value, offering it direction and stability during challenging times. Question 2 Correct 6.25 points out of 6.25 Flag question Question text Which of the following is emphasized by a compliance-based culture? Select one: a. Reliance on personal integrity of employees for decision making b. Use of values as the principle for decision making c. Obedience to rules as the primary responsibility of ethics d. Reinforcement of a set of values rather than a set of rules Question 3 Correct 6.25 points out of 6.25

Flag question Question text Which of the following is true about an integrity-based culture? Select one: a. It reinforces a particular set of rules. b. It reinforces a particular set of values. c. It empowers legal bodies to monitor compliance. d. It emphasizes rules as the primary responsibility of ethics. Question 4 Correct 6.25 points out of 6.25 Flag question Question text Which of the following is an essential element in establishing an ethical leadership? Select one: a. The end or objective toward which the leader leads b. The prevailing culture in the external environment c. The ethical nature of the team members d. The personality traits of the team members Question 5 Correct 6.25 points out of 6.25 Flag question Question text If we judge a leader solely by the results produced, we are following the _____ ethical tradition.

Select one: a. deontological b. virtual c. Kantian d. utilitarian Question 6 Correct 6.25 points out of 6.25 Flag question Question text The first step in constructing a personal code or mission for a firm is to: Select one: a. articulate a clear vision regarding the firm's direction. b. ask oneself what one stands for or what the firm stands for. c. believe that the culture is actually possible and achievable. d. identify clear steps as to how the cultural shift will occur. Question 7 Correct 6.25 points out of 6.25 Flag question Question text The second step in the development of guiding principles for a firm is to: Select one: a. ask oneself what one stands for or what the company stands for. b. articulate a clear vision regarding the firm's direction. c. identify clear steps as to how the cultural shift will occur. d. believe that the culture is actually possible and achievable.

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Question 8 Correct 6.25 points out of 6.25 Flag question Question text Identify a mechanism that allows employees to report wrongdoing and to create further mechanisms for follow-up and enforcement. Select one: a. Accountability b. Ethics hotlines c. Mission statement d. Code of conduct Question 9 Correct 6.25 points out of 6.25 Flag question Question text Identify a true statement about the Federal Sentencing Guidelines for Organizations. Select one: a. They were updated in 2004 to include references to both compliance programs and "ethics and compliance" programs. b. They are used to provide arbitrary punishments. c. They were updated in 2004 and excluded the requirement that organizations periodically measure the effectiveness of their programs. d. They assign most federal crimes to one of 57 "offense levels." Question 10 Correct 6.25 points out of 6.25

Flag question Question text Which of the following statements is true about the revised Federal Sentencing Guidelines for Organizations? Select one: a. It included the criteria for an effective program, which is included in the guidelines' commentary. b. It included the requirement that organizations periodically measure the effectiveness of their program. c. It excluded the requirement that organizations assess areas of risk for ethics and compliance. d. It excluded references to ethics and compliance programs. Question 11 Correct 6.25 points out of 6.25 Flag question Question text Which of the following statements is true of the common view of corporate social responsibility (CSR)? Select one: a. It has its roots in the deontological tradition and Keynesian economics. b. It holds that the primary responsibility of managers is to serve shareholders. c. It holds that profit is independent of optimal allocation of resources. d. It states that business has a strict obligation to contribute to social causes. Question 12 Correct 6.25 points out of 6.25 Flag question

Question text Legislators created a form of business called corporations because they thought that businesses could be more efficient in raising the capital necessary for producing goods, services, jobs, and wealth if: Select one: a. multiple owners were involved in the strategic decision-making process of the firm. b. there was transparency among all stakeholders. c. firms had the obligation to justify bad decisions. d. investors were protected from undue personal risks. Question 13 Correct 6.25 points out of 6.25 Flag question Question text The _____ directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of profit. Select one: a. economic model of corporate social responsibility (CSR) b. stakeholder theory of corporate social responsibility (CSR) c. integrative model of corporate social responsibility (CSR) d. sustainability theory of corporate social responsibility (CSR) Question 14 Correct 6.25 points out of 6.25 Flag question Question text The _____ holds that just as charity is a good thing and something that should be encouraged, businesses should be encouraged to contribute to society in ways that go beyond the narrow obligations of law and economics. Identify the model of corporate social responsibility (CSR) that reflects this line of thought.

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Select one: a. Integrative model b. Stakeholder theory c. Philanthropic model d. Legal model Question 15 Correct 6.25 points out of 6.25 Flag question Question text Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the _____ tradition. Select one: a. consequential b. Keynesian c. utilitarian d. virtue Question 16 Correct 6.25 points out of 6.25 Flag question Question text Which of the following is a similarity between utilitarianism and stakeholder theory? Select one: a. Both place organizational benefits above other considerations.

b. Both consider the consequences of management decisions for the well-being of all affected groups. c. Both contribute to society in ways that go beyond the narrow obligations of law and economics. d. Both strive to focus only on consumers. Question 17 Correct 6.25 points out of 6.25 Flag question Question text Which of the following statements is true about the stakeholder theory? Select one: a. It begins with the recognition that every business decision affects a wide variety of people, benefiting some and imposing costs on others. b. It argues that the narrow economic model successfully provides an accurate descriptive and a reasonable normative account of business management. c. It holds that business firms should fully integrate economic and social goals by bringing social responsibilities into the core of their business model. d. It suggests that the long-term financial well-being of every firm is directly tied to questions of how the firm both affects and is affected by the natural environment. Question 18 Correct 6.25 points out of 6.25 Flag question Question text Which of the following is an example of a firm that is failing its fundamental social responsibility? Select one: a. A firm that has its loss margins exceeding its profit margins b. A firm that uses resources at unsustainable rates

c. A firm that is financially unstable d. A firm that prioritizes environmental sustainability Question 19 Correct 6.25 points out of 6.25 Flag question Question text When a firm engages in socially responsible activities with a prime focus on reputation: Select one: a. social responsibility tends to become a form of social marketing. b. the measure of positive reputation gained is impossible to calculate. c. profits have to be sacrificed for social causes. d. it always loses employee loyalty. Question 20 Correct 6.25 points out of 6.25 Flag question Question text According to David Vogel, which of the following should a firm be most cautious about when engaging in corporate social responsibility (CSR) activities? Select one: a. Investing in corporate social responsibility (CSR) when consumers are not willing to pay higher prices to support that investment. b. Employees may become over-indulgent in activities related to social causes. c. Attrition levels may rise because of indifference among employees engaging in activities related to social responsibility. d. The easily measurable ethical payoff can turn out to be lower than the anticipated levels.

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