Question 1

Which of the following is an organization's moral obligation to stakeholder groups?

Accepted Answer

Social responsibility refers to an organization's moral obligation to act in ways that benefit society as a whole, rather than just its own interests or those of its shareholders. This includes taking into account the needs and interests of all stakeholder groups, such as employees, customers, suppliers, and the broader community, when making business decisions. By fulfilling its social responsibility, an organization can build trust and credibility with its stakeholders, which can lead to long-term success and sustainability.

Question 2

Golden parachutes are property rights generally given to ________.

Accepted Answer

Golden parachutes are typically given to managers, especially top executives, as a form of compensation and protection in the event of a merger, acquisition, or other significant corporate event. The idea is to incentivize and retain top talent by providing them with a financial safety net and ensuring that they remain with the company in the event of a major change.

Question 3

The CEO of ABC Corporation believes it is ok to give illegal bribes to city officials to get favorable decisions. His stance on corporate social responsibility could best be described as ________.

Accepted Answer

The CEO's stance on corporate social responsibility is obstructionist because he believes in using illegal means to achieve the company's goals.

Question 4

Which of the following statements about property rights is true?

Accepted Answer

The answer of Which of the following statements about property...

Question 5

What would most closely describe siteROCK's culture?

Accepted Answer

The answer of What would most closely describe siteROCK's culture?
...

Question 6

The CEO of Company XYZ feels that he is only responsible for following the law and standard business practices. His company will most likely:

Accepted Answer

The CEO's belief that he is only responsible for following the law and standard business practices suggests a limited view of corporate social responsibility. This viewpoint typically results in a defensive stance, in which the company does the minimum necessary to comply with laws and regulations, but does not proactively seek to address social or environmental concerns.

Question 7

________ are/is the moral values, beliefs, and rules that establish the appropriate way for organizational stakeholders to deal with one another and with the organization's environment.

Accepted Answer

Organizational ethics refer to the moral values, beliefs, and rules that guide the behaviors and decisions of an organization's stakeholders. These ethics establish the appropriate way for stakeholders to deal with one another and with the organization's environment. Terminal values (A) are long-term goals or outcomes that an organization seeks to achieve, while norms (B) are informal rules or expectations that guide individuals' behavior in a group or society. Organizational behavior (D) is the study of how individuals and groups behave within an organizational context.

Question 8

________ are the rights that an organization gives to its members to receive and use organizational resources.

Accepted Answer

Property rights are the rights that an organization gives to its members to receive and use organizational resources. These resources may include physical resources like equipment and facilities, or intangible resources like intellectual property or access to information. These rights are essential for members to perform their roles and contribute to the organization's success.

Question 9

The distribution of property rights influences ________.

Accepted Answer

The distribution of property rights influences instrumental values such as economic incentives, which can affect the behavior of individuals and organizations, as well as investment decisions and resource allocation. It also affects the distribution of wealth in society. The other options may be influenced by property rights but are not directly determined by them.

Question 10

Which of the following is not a source of organizational culture?

Accepted Answer

Organizational specialization is not a source of organizational culture; it refers to the division of labor within an organization. Organizational culture is more directly influenced by ethics, structure, and property rights.

Question 11

The "people make the place" perspective of organizational culture implies that:

Accepted Answer

The "people make the place" perspective of organizational culture suggests that the culture is shaped by the people within it. Therefore, changing the top management team can have a significant impact on the culture of the organization. While the other choices may be related to organizational culture, they are not directly related to the "people make the place" perspective.

Question 12

An organization wonders whether it is right to develop procedures for giving advance notice to employees about store closings. This is an example of ________.

Accepted Answer

Developing procedures for giving advance notice to employees about store closings is an ethical issue for the organization. It reflects how the organization treats its employees and upholds its social responsibility to communicate fairly and honestly with its stakeholders.

Question 13

Which organization used the "two-man" norm to solve problems?

Accepted Answer

siteROCK used the "two-man" norm, which involved pairing two people to solve problems, ensuring that solutions were thoroughly vetted and reducing errors.

Question 14

Pension and benefits are property rights generally given to ________.

Accepted Answer

Pension and benefits are generally given as a form of compensation to the work force as part of their employment contract. This is seen as a property right because employees have earned these benefits through their work and they cannot be taken away without due process. Shareholders, unions, and outside stakeholders do not necessarily have the same rights to these benefits.

Question 15

Who has the strongest property rights?

Accepted Answer

Shareholders have the strongest property rights as they are the owners of the company and have the power to make decisions related to the use and management of the company's assets. They have the right to receive dividends, vote on important matters, and sell their shares. Top managers and employees have limited property rights, and the government has the power to regulate property rights but does not have its own property rights.

Question 16

The CEO of ABC Corporation believes it is ok to give illegal bribes to city officials to get favorable decisions. His stance on corporate social responsibility could best be described as ________.

Accepted Answer

The CEO's stance on corporate social responsibility is obstructionist. Obstructionist companies believe that they should do as little as possible to solve social or environmental problems, and in this case, the CEO's actions of using illegal bribes go against ethical and legal responsibilities.

Question 17

The CEO of ABC Corporation authorizes a very large donation to the Special Olympics organization because he believes in their cause. His stance on corporate social responsibility could best be described as ________.

Accepted Answer

The CEO's authorization of a very large donation to the Special Olympics organization indicates a proactive stance on corporate social responsibility, which involves actively seeking out opportunities to make a positive impact on society.

Question 18

One manufacturing company in the aluminum industry has an innovative culture, and a competitor from the same country has a conservative culture. What could account for this difference in organizational culture?

Accepted Answer

Organizational structure can have a significant impact on culture. The innovative company may have a flatter, more flexible structure that encourages creativity and risk-taking, while the conservative company may have a more hierarchical structure that values stability and adherence to established practices. The differences in culture may stem from these structural differences.

Question 19

The CEO of ABC Corporation believes strongly in following existing laws, but puts the claims of the shareholders above the other stakeholders. Her stance on corporate social responsibility could best be described as ________.

Accepted Answer

A defensive stance on corporate social responsibility involves adhering to legal requirements but prioritizing shareholder interests over other stakeholders, which aligns with the CEO's approach.

Question 20

Bimba Manufacturing Company changed its culture by changing its ________.

Accepted Answer

Changing the distribution of property rights can significantly alter a company's culture by shifting power dynamics, decision-making processes, and incentives within the organization.

Quiz 7: Creating and Managing Organizational Culture Environment

Which of the following is an organization's moral obligation to stakeholder groups?

Golden parachutes are property rights generally given to ________.

The CEO of ABC Corporation believes it is ok to give illegal bribes to city officials to get favorable decisions. His stance on corporate social responsibility could best be described as ________.

Which of the following statements about property rights is true?

What would most closely describe siteROCK's culture?

The CEO of Company XYZ feels that he is only responsible for following the law and standard business practices. His company will most likely:

________ are/is the moral values, beliefs, and rules that establish the appropriate way for organizational stakeholders to deal with one another and with the organization's environment.

________ are the rights that an organization gives to its members to receive and use organizational resources.

The distribution of property rights influences ________.

Which of the following is not a source of organizational culture?

The "people make the place" perspective of organizational culture implies that:

An organization wonders whether it is right to develop procedures for giving advance notice to employees about store closings. This is an example of ________.

Which organization used the "two-man" norm to solve problems?

Pension and benefits are property rights generally given to ________.

Who has the strongest property rights?

The CEO of ABC Corporation believes it is ok to give illegal bribes to city officials to get favorable decisions. His stance on corporate social responsibility could best be described as ________.

The CEO of ABC Corporation authorizes a very large donation to the Special Olympics organization because he believes in their cause. His stance on corporate social responsibility could best be described as ________.

One manufacturing company in the aluminum industry has an innovative culture, and a competitor from the same country has a conservative culture. What could account for this difference in organizational culture?

The CEO of ABC Corporation believes strongly in following existing laws, but puts the claims of the shareholders above the other stakeholders. Her stance on corporate social responsibility could best be described as ________.

Bimba Manufacturing Company changed its culture by changing its ________.