MBA Study guides, Class notes & Summaries

PART 1 Question 1 Both individual ethics and organizational ethics have an impact on an employee’s Answer productivity. personal happiness. compensation. fitness level. ethical intention. Question 2 Which of the following is not a form of retaliation commonly experienced by whistle-blowers? Answer Relocation or reassignment No promotion or raises The cold shoulder by coworkers Exclusion from work activities Praise by supervisors for their honesty Question 3 Motivation is defin...

1. Article 6 of the Treaty on European Union, called the Maastricht Treaty, states the EU is founded on: private markets staredecisis rule of law specific performance 2. Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server takes their order and both Betty and Fred enjoy the meal immensely. When the bill comes, Fred refuses to pay because the menu had no prices and because he and the server never engaged in language indicating and o...

1. During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the: cost of accommodation and food in Aspen. value of piano lessons. cost of buying a piano. amount paid to the skiing instructor. 2. Which of the following is an example of a negative externality? Smith reducing the consumption of imported wine following an increase in the price of imported wine Phoebe refusing to contribute to the buildi...

1. Summer Corp., a retailer of consumer electronics, has been experiencing high profits because an increasing percentage of the customers have sufficient disposable income to afford its products. Similar companies have also experienced a boom in customer demand. Which of the following macroeconomic forces is Summer Corp. experiencing? Inflation Currency exchange rate Economic growth Interest rate 2. The management of Neptune Inc. creates a definite plan of action that will surely create profits ...

1. Kenyon is a supervisor at Rhombus Inc. Maggie has been the top performing employee last year, but her performance has sharply declined over the last two months and her tardiness is becoming an issue. In this scenario, Kenyon should: Refer Maggie to the company’s employee assistance program. Advise Maggie to become a member of a command group. Issue a warning to Maggie and find her replacement soon. Encourage Maggie to become involved in the company’s wellness program. 2. Bettina’s super...

1. __________ is best defined as the process of continuously obtaining information on events happening outside a company to recognize and interpret possible trends that affect marketing. Relationship marketing Digital marketing Customer relationship management Environmental scanning 2. A __________ is often referred to as a business firm. government agency nonprofit organization publicly owned organization for-profit organization 3. The __________ refers to the seven stages a company goes throug...

1. An organization’s return on investment is calculated by dividing: its profit before interest and taxes by its total interest charges. its operating profit by sales revenue. its current assets by its current liabilities. its net income before taxes by its total assets. 2. Which of the following statements is true of a corporate-level strategy? It provides the framework within which functional managers operate. It outlines a division’s long-term goals. It is used to identify an organization...