Professional Documents
Culture Documents
2.
Business ethics comprises the moral principles and standards that guide behavior in
the world of business.
3.
Universal needs exist when the tastes and preferences of consumers in different
countries with regard to a product are similar.
4.
5.
_____ is the conscious, systematic process of making decisions about goals and
activities that an individual, group, work unit, or organization will pursue in the
future.
A.
Buffering
B.
Benchmarking
C.
Budgeting
D.
Planning
E.
Forecasting
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6.
7.
A.
B.
core competencies
C.
D.
competitive benchmark
E.
comprehensive advantage
A.
ethical system stating that all people should uphold certain values that society
needs to function
B.
C.
D.
ideology that the greatest good for the greatest number should be the
overriding concern of decision makers
E.
8.
Which of the following responsibilities lies at the base of the pyramid of global
corporate social responsibility and performance?
A.
Legal
B.
Economic
C.
Moral
D.
Ethical
E.
Philanthropic
3
9.
economy?
A.
B.
Many companies find their home markets under attack from foreign
competition.
10.
C.
D.
Imports are failing to penetrate deeper into the world's largest economies.
E.
A.
Unwillingness to sacrifice
B.
Intolerance of ambiguity
C.
D.
Avoiding uncertainty
E.
Opportunity obsession
11.
Portland's Pizza, a chain of specialty pizzerias, periodically compares its quality and
service levels to other successful restaurants in order to continually improve its own
performance. What is this practice of comparing called?
12.
Percy Accessories specializes in shoes and handbags. Recently, it has decided to add
to its business units by opening a bank downtown near its original location.
Name the corporate strategy.
13.
4
14.
15.
Jupiter Dollar Mart plans to open five new stores before 2015. However, if the
economy does not improve, and if consumer confidence does not rise as hoped, it
might open just two stores. What is this backup plan called?
16.
17.
Campbell Soup Co. a global food company producing high salt, processed soup.
(a)
(b)
18.
Home Depot supports Habitat for Humanity, a nonprofit that builds affordable
housing for those struggling with poverty, housing, or homelessness. Donation to such
an organization is an example of which category of Corporate Social Responsibility?
19.
Adrian and Clarke, managers from different departments at Clarion Bank, are
discussing the troubling behavior of a bank employee. Adrian says that it is the
responsibility of high-level managers to take steps and prevent offenses by punishing
wrongdoers. However, Clarke believes that every individual should take personal
responsibility for his behavior and that everyone needs to understand how to do the
right thing.
Which type of ethics program does Adrian prefer for the company?
5
20.
Candace Apparel, a women's clothing manufacturer, assumes that people all over the
world will view and use its products in the same way. Therefore it produces
standardized versions of its apparel in several countries with attractive labor rates, and
offers them to all of its international markets. Which organizational model is used by
Candace Apparel ?
21.
In order to achieve cost economies, Apex Manufacturing bases its production plants
in Mexico and gets its engineering services from skilled workers in Germany. In this
case, Apex is using which organizational model?
22.
Quad Inc., a car manufacturer, has started to sell electric cars in response to the rising
fuel prices. Which factor in the external environment has Quad Inc. consider to spot
the opportunity?
23.
24.
ANSWERS-SECTIONS A AND B
1.F
2.T
3.T
4.T
5.D
6.B
7.B
8.B
9.B
10.E
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ANSWERS-SECTION C
11.Benchmarking
12.Conglomerate diversification
16. a First rate R& D division capable of developing exciting new food products.OR
Enjoyed huge economies of scale because of the enormous quantity of food
products that it makes.OR
ANY OTHER POSSIBLE ONES AS WRITTEN BY STUDENTS