____4. Customers can’t find out which firms are acting responsibly and which are not ____5. During the early twentieth century, working conditions were deplorable by today’s standards ____6. Managers spend most of their time relating to people

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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TRUE OR FALSE

____4. Customers can’t find out which firms are acting responsibly and which are not

____5. During the early twentieth century, working conditions were deplorable by today’s standards

____6. Managers spend most of their time relating to people

____7. Organizational growth spawn’s informality and simplicity

____8. It is naïve and romantic to hope that organizational politics can be eliminated

____9. Political activity is more visible and dominant under conditions of homogeneity than diversity

____10. The primary reason that changes initiatives fail is that manager’s intentions are insincere

____11. Equity financing is important for Japanese corporations

____12. It is possible to outline a model of corporate governance for a given country

____13. Most German corporations have traditionally preferred bank financing over equity financing

____14. The Anglo-US model is characterized by share ownership of individual, and increasingly institutional, investors not affiliated with the corporation

____15. To date, researchers have identified three models of corporate governance in developed capital markets

____16. The economic model of social responsibility emphasizes the effect of business decisions on society

____17. The field of business ethics applies moral standards to business situations

____18. There is nothing unethical about accepting payments to do something you would normally do in your job anyway

____19. Awareness of corporate social responsibility has increased along with government involvement

___20. Business people by the very nature of their work rarely face ethical issues to resolve.

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