MAN CHAPTER 3 FINAL EXAM VERIFIED QUESTIONS WITH
ANSWERS (2025 UPDATE)
A company's triple bottom line represents which aspects? (Choose every correct
answer.) - ANSWER-planet
people
profit
A social audit is a systematic assessment of a company's performance in implementing
_______. - ANSWER-socially responsible programs
Which group is projected to make up almost 60% of the workforce by 2029? -
ANSWER-Millennials and Gen Zers
A company's decision to move its operations out of the country will affect its employees,
owners, suppliers, distributors, and everyone else who has an interest in the business.
All of these groups together make up the company's _____. - ANSWER-stakeholders
A company's external environment consists of which two environments? - ANSWER-
task
general
A company's triple bottom line measures which aspects of its performance? (Choose
every correct answer.) - ANSWER-environmental
financial
social
A social audit - ANSWER-is a systematic assessment of a company's performance in
implementing socially responsible programs.
The ten groups that present a company with its daily tasks to handle represent the
company's _____ environment. - ANSWER-task
True or false: Unlike generations before them, Millennials have little concern for the
environment and are more interested in profit over planet. - ANSWER-False
Sofia paid for a haircut and some hair-care products at a local salon. In the task
environment, Sofia would be classified as a _______. - ANSWER-customer
, Which broad term identifies anyone impacted by a business, including but not limited to
stockholders, employees, and customers? - ANSWER-Stakeholders
Four restaurants that are all seeking to attract the same customers would be
categorized as _______. - ANSWER-competitors
People who are outside an organization but are still affected by the organization are
called the ______. - ANSWER-external stakeholders
Suppliers are people or organizations that - ANSWER-provide raw materials, services,
equipment, labor, or energy to other organizations.
A distributor is sometimes referred to as a(n) - ANSWER-middleman
Which groups are parts of the task environment? (Choose every correct answer.) -
ANSWER-Strategic allies
Distributors
Government regulators
Local communities
Those who pay to use an organization's services or to buy their goods are called
______. - ANSWER-customers
When companies link up with one another in order to realize certain advantages, they
are known as strategic _____. - ANSWER-allies
The people or organizations that vie with your company for customers or resources are
known as _____. - ANSWER-competitors
An employee organization that represents hourly workers as opposed to salaried
employees is called a(n) ______. - ANSWER-union
A company or person that provides raw materials, services, equipment, labor, or energy
to another organization is called a(n) _____. - ANSWER-supplier
Local communities are important organizational stakeholders. In fact, if a community
gives a company tax breaks in return for the promise of new jobs and the firm fails to
deliver those jobs, the community may be able to institute a _____ and rescind the tax
breaks. - ANSWER-clawback
A person or an organization that helps another organization sell its goods and services
to customers is called a(n) ______. - ANSWER-distributor
ANSWERS (2025 UPDATE)
A company's triple bottom line represents which aspects? (Choose every correct
answer.) - ANSWER-planet
people
profit
A social audit is a systematic assessment of a company's performance in implementing
_______. - ANSWER-socially responsible programs
Which group is projected to make up almost 60% of the workforce by 2029? -
ANSWER-Millennials and Gen Zers
A company's decision to move its operations out of the country will affect its employees,
owners, suppliers, distributors, and everyone else who has an interest in the business.
All of these groups together make up the company's _____. - ANSWER-stakeholders
A company's external environment consists of which two environments? - ANSWER-
task
general
A company's triple bottom line measures which aspects of its performance? (Choose
every correct answer.) - ANSWER-environmental
financial
social
A social audit - ANSWER-is a systematic assessment of a company's performance in
implementing socially responsible programs.
The ten groups that present a company with its daily tasks to handle represent the
company's _____ environment. - ANSWER-task
True or false: Unlike generations before them, Millennials have little concern for the
environment and are more interested in profit over planet. - ANSWER-False
Sofia paid for a haircut and some hair-care products at a local salon. In the task
environment, Sofia would be classified as a _______. - ANSWER-customer
, Which broad term identifies anyone impacted by a business, including but not limited to
stockholders, employees, and customers? - ANSWER-Stakeholders
Four restaurants that are all seeking to attract the same customers would be
categorized as _______. - ANSWER-competitors
People who are outside an organization but are still affected by the organization are
called the ______. - ANSWER-external stakeholders
Suppliers are people or organizations that - ANSWER-provide raw materials, services,
equipment, labor, or energy to other organizations.
A distributor is sometimes referred to as a(n) - ANSWER-middleman
Which groups are parts of the task environment? (Choose every correct answer.) -
ANSWER-Strategic allies
Distributors
Government regulators
Local communities
Those who pay to use an organization's services or to buy their goods are called
______. - ANSWER-customers
When companies link up with one another in order to realize certain advantages, they
are known as strategic _____. - ANSWER-allies
The people or organizations that vie with your company for customers or resources are
known as _____. - ANSWER-competitors
An employee organization that represents hourly workers as opposed to salaried
employees is called a(n) ______. - ANSWER-union
A company or person that provides raw materials, services, equipment, labor, or energy
to another organization is called a(n) _____. - ANSWER-supplier
Local communities are important organizational stakeholders. In fact, if a community
gives a company tax breaks in return for the promise of new jobs and the firm fails to
deliver those jobs, the community may be able to institute a _____ and rescind the tax
breaks. - ANSWER-clawback
A person or an organization that helps another organization sell its goods and services
to customers is called a(n) ______. - ANSWER-distributor
