MGT 2000 – Chapter 3 – Flashcards
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A benefit of the individual approach is that when managers make decisions that are made in the individual's best interests, this will usually benefit most people.
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False
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The task and general environments make up an organization's internal environment.
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False
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The beliefs by individuals regarding what they feel others will observe in their behavior are called ethics.
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False
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New developments in methods for transforming resources into goods or services are _____ forces.
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Technological
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Marketing for a startup small business to obtain many small new customers is known as crowdfunding.
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False
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A whistle-blower is usually a stakeholder who reports organizational misconduct to the public.
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True
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When Bernard Madoff used money from newer investors to pay off older ones, this was an example of ____.
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an ethical dilemma
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Since the 1950s, the percentage of the U.S. labor force represented by unions has _____.
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steadily declined
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Members of the board of directors are elected by the stockholders.
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True
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The justice approach to deciding ethical dilemmas is guided by _____.
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respect for impartial standards of fairness and equity
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Associations that are utilized by government agencies to monitor manufacturing and agricultural needs and developments are known as government regulators.
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False
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The first law of business is to take care of the employees and stockholders.
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False
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The macroenvironment includes these forces: _______.
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economic, technological, sociocultural, demographic, political-legal, international
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An organization's internal stakeholders consist of ___.
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board of directors, employees, and owners
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Changes in the economic, political, legal, and technological global system that may affect an organization are ______ forces.
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international
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Stakeholders are competitors of the organization who have an interest, or stake, in stealing a company's business.
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False
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The board of directors of a corporation are responsible for seeing that the company is run according to the employees' interests.
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False
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External stakeholders include the owners and board of directors.
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False
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The general environment, or macroenvironment, includes six forces: economic, technological, sociocultural, demographic, political-legal, and international.
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True
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Changes in the way politics shape laws and laws shape the opportunities for and threats to an organization are ____ forces.
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political-legal
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The owners of an organization consist of all those who can claim it as their legal property.
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True
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Research has shown that students who don't actually do the assigned work and cheat are more likely to commit felonies and develop depression disorders.
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False
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New developments in methods for transforming resources into goods or services are _____ forces.
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technological
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The task and general environments make up an organization's internal environment.
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False
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The utilitarian approach is guided by what will result in the individual's best long-term interests.
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False
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The macroenvironment includes these forces: _______.
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economic, technological, sociocultural, demographic, political-legal, international
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Regulatory agencies that establish ground rules under which organizations may operate are known as ____.
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government regulators
