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20 Cards in this Set
- Front
- Back
In the long run, an organization that follows unethical practices is most likely to ________.
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be bureaucratized
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________ occurs when an employee informs an outside person or agency, such as a government agency, a newspaper, or television reporter, about an organization's (its managers') illegal or immoral behavior
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Whistle-blowing
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A(n) ________ problem is a problem in determining managerial accountability that arises when delegating authority to managers.
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Agency
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The workforce and managers are considered outside stakeholders.
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False
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All stakeholder groups are equally important for an organization.
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False
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Suppliers have a direct effect on the organization's efficiency and an indirect effect on its ability to attract customers.
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True
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Outside directors of a corporation are full-time employees of the corporation.
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False
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Customers are usually an organization's smallest outside stakeholder group.
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False
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Which of the following is one of the two conditions that lead to a moral hazard problem?
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the agent has an incentive to pursue goals and objectives that are different from the principal's
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Which of the following would be considered to be the lowest level of management in a chain of command?
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functional managers
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"Self-dealing" is defined as ________.
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a manager acting in his own best interest, as opposed to the interests of the other stakeholders
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In an organization, the position of the ________ is one of trusteeship.
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members of the board of directors
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Which of the following terms best describes the system of hierarchical reporting relationships in an organization?
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chain of command
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________ are people who have an interest or claim in an organization, in what it does, and in how well it performs
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Stakeholders
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Shareholders are a part of inside stakeholders.
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True
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An inside director of a company can be a professional director who holds positions on the boards of many companies.
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False
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Behavior that follows accepted ethical rules confers a(n) ________ effect on an individual or an organization.
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reputation
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Which of the following is an outside stakeholder group?
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suppliers
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The reputation effect ________.
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reduces transaction costs
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In effect, ________ are the agents or employees of shareholders.
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managers
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