UF MAN 3025 COMPREHENSIVE EXAMS RECENT
QUESTIONS AND ANSWERS SURE A+
✔✔stakeholders - ✔✔the people whose interests are affected by an organizations
activities
✔✔internal stakeholders - ✔✔consist of employees, owners, and the board of directors,
if any
✔✔task environment - ✔✔customers, competitors, suppliers, distributors, strategic
allies, employee organizations, local communities, financial institutions, government
regulators, special-interest groups, and mass media
✔✔general environment (macroenvironment) - ✔✔economic, technological,
sociocultural, demographic, political-legal, and international forces
✔✔strategic allies - ✔✔companies, or even nonprofit organizations, frequently link up
with other organizations (even competing ones) in order to realize strategic advantages
✔✔clawbacks - ✔✔rescinding tax breaks when firms don't deliver promised jobs
✔✔special-interest groups - ✔✔groups whose members try to influence specific issues,
some of which may affect your organization
, ✔✔sociocultural forces - ✔✔influences and trends originating in a country's, a society's,
or a culture's human relationships and values that may affect an organization
✔✔ethics - ✔✔the standards of right and wrong that influence behavior
✔✔ethical dilemma - ✔✔a situation in which you have to decide whether to pursue a
course of action that may benefit you or your organization but that is unethical or even
illegal
✔✔utilitarian approach - ✔✔guided by what will result in the greatest good for the
greatest number of people
✔✔individual approach - ✔✔guided by what will result in the individual's best long-term
interests, which ultimately are in everyone's self-interest
✔✔moral-rights approach - ✔✔guided by respect for the fundamental rights of human
beings
✔✔justice approach - ✔✔guided by respect for impartial standards of fairness and
equity
✔✔Sarbanes-Oxley Act - ✔✔established requirements for proper financial record
keeping for public companies and penalties for noncompliant
✔✔whistle-blower - ✔✔an employee who reports organizational misconduct to the
public
✔✔social responsibility - ✔✔a manager's duty to take actions that will benefit the
interests of society as well as of the organization
✔✔Corporate Social Responsibility (CSR) - ✔✔The notion that corporations are
expected to go above and beyond following the law and making a profit, to take actions
that will benefit the interests of society as well as of the organization
✔✔corporate governance - ✔✔The system of governing a company so that the interests
of corporate owners and other stakeholders are protected
✔✔globalization - ✔✔the trend of the world economy toward becoming a more
interdependent system
✔✔global village - ✔✔refers to "shrinking" of time and space as air travel and the
electronic media have made it easier for the people around the globe to communicate
with one another
QUESTIONS AND ANSWERS SURE A+
✔✔stakeholders - ✔✔the people whose interests are affected by an organizations
activities
✔✔internal stakeholders - ✔✔consist of employees, owners, and the board of directors,
if any
✔✔task environment - ✔✔customers, competitors, suppliers, distributors, strategic
allies, employee organizations, local communities, financial institutions, government
regulators, special-interest groups, and mass media
✔✔general environment (macroenvironment) - ✔✔economic, technological,
sociocultural, demographic, political-legal, and international forces
✔✔strategic allies - ✔✔companies, or even nonprofit organizations, frequently link up
with other organizations (even competing ones) in order to realize strategic advantages
✔✔clawbacks - ✔✔rescinding tax breaks when firms don't deliver promised jobs
✔✔special-interest groups - ✔✔groups whose members try to influence specific issues,
some of which may affect your organization
, ✔✔sociocultural forces - ✔✔influences and trends originating in a country's, a society's,
or a culture's human relationships and values that may affect an organization
✔✔ethics - ✔✔the standards of right and wrong that influence behavior
✔✔ethical dilemma - ✔✔a situation in which you have to decide whether to pursue a
course of action that may benefit you or your organization but that is unethical or even
illegal
✔✔utilitarian approach - ✔✔guided by what will result in the greatest good for the
greatest number of people
✔✔individual approach - ✔✔guided by what will result in the individual's best long-term
interests, which ultimately are in everyone's self-interest
✔✔moral-rights approach - ✔✔guided by respect for the fundamental rights of human
beings
✔✔justice approach - ✔✔guided by respect for impartial standards of fairness and
equity
✔✔Sarbanes-Oxley Act - ✔✔established requirements for proper financial record
keeping for public companies and penalties for noncompliant
✔✔whistle-blower - ✔✔an employee who reports organizational misconduct to the
public
✔✔social responsibility - ✔✔a manager's duty to take actions that will benefit the
interests of society as well as of the organization
✔✔Corporate Social Responsibility (CSR) - ✔✔The notion that corporations are
expected to go above and beyond following the law and making a profit, to take actions
that will benefit the interests of society as well as of the organization
✔✔corporate governance - ✔✔The system of governing a company so that the interests
of corporate owners and other stakeholders are protected
✔✔globalization - ✔✔the trend of the world economy toward becoming a more
interdependent system
✔✔global village - ✔✔refers to "shrinking" of time and space as air travel and the
electronic media have made it easier for the people around the globe to communicate
with one another
