MBA 705 Module 3 Quiz (Ch 4 & 5) UPDATED ACTUAL Questions And Correct
Answers
C
Terms in this set (97)
Objectives are specific, often quantified, versions of True
goals.
True or False?
Goals are verifiable and specific, and are developed so False
that management can measure performance.
True or False?
Creditors and suppliers typically share the same goals for False
the organization.
True or False?
Social responsibility refers to an individual's responsibility False
to make business decisions that are legal, honest, moral,
and fair.
True or False?
The utilitarian view of ethics suggests that anticipated True
outcomes and consequences should be the primary
considerations when evaluating an ethical dilemma.
True or False?
Adverse selection exists when the parties in an False
arrangement do not share equally in the risks and
benefits.
True or False?
, A situation in which a firm's managers fail to act in the True
best interest of the shareholders is known as the
stakeholder dilemma.
True or False?
The triple bottom line refers to the notion that firms must True
maintain and improve social and ecological performance
in addition to economic performance.
True or False?
Over the past several decades, the composition of the False
typical board has shifted from one controlled by insiders
to one controlled by outsiders.
True or False?
When additional insiders are added to outsider- False
dominated boards, CEO dismissal is more likely when
corporate performance declines.
True or False?
When additional outsiders are added to insider- True
dominated boards, outsiders are more likely to pressure
for corporate restructuring when performance is poor.
True or False?
Many companies limit the number of board memberships True
their own board members may hold.
True or False?
Any purchase of a controlling quantity of shares of a firm False
by an individual, a group of investors, or another
organization is known as a leveraged buyout (LBO).
True or False?
Corporate takeovers have been promoted as a system of True
checks and balances for firm management.
True or False?
Corporate takeovers have been supported because of False
their ability to reduce the debt of acquired firms.
True or False?
Individuals or groups who are affected by or can B
influence an organization's operations are called
a. shareholders.
b. stakeholders.
c. organizational constituencies.
d. None of the above.
Answers
C
Terms in this set (97)
Objectives are specific, often quantified, versions of True
goals.
True or False?
Goals are verifiable and specific, and are developed so False
that management can measure performance.
True or False?
Creditors and suppliers typically share the same goals for False
the organization.
True or False?
Social responsibility refers to an individual's responsibility False
to make business decisions that are legal, honest, moral,
and fair.
True or False?
The utilitarian view of ethics suggests that anticipated True
outcomes and consequences should be the primary
considerations when evaluating an ethical dilemma.
True or False?
Adverse selection exists when the parties in an False
arrangement do not share equally in the risks and
benefits.
True or False?
, A situation in which a firm's managers fail to act in the True
best interest of the shareholders is known as the
stakeholder dilemma.
True or False?
The triple bottom line refers to the notion that firms must True
maintain and improve social and ecological performance
in addition to economic performance.
True or False?
Over the past several decades, the composition of the False
typical board has shifted from one controlled by insiders
to one controlled by outsiders.
True or False?
When additional insiders are added to outsider- False
dominated boards, CEO dismissal is more likely when
corporate performance declines.
True or False?
When additional outsiders are added to insider- True
dominated boards, outsiders are more likely to pressure
for corporate restructuring when performance is poor.
True or False?
Many companies limit the number of board memberships True
their own board members may hold.
True or False?
Any purchase of a controlling quantity of shares of a firm False
by an individual, a group of investors, or another
organization is known as a leveraged buyout (LBO).
True or False?
Corporate takeovers have been promoted as a system of True
checks and balances for firm management.
True or False?
Corporate takeovers have been supported because of False
their ability to reduce the debt of acquired firms.
True or False?
Individuals or groups who are affected by or can B
influence an organization's operations are called
a. shareholders.
b. stakeholders.
c. organizational constituencies.
d. None of the above.
