MBA 705 Module 3 Quiz (Ch 4 & 5) with 100% Correct Solutions

MBA 705 Module 3 Quiz (Ch 4 & 5) with 100% Correct Solutions Objectives are specific, often quantified, versions of goals. True or False? - Correct Answer ️️ -True Goals are verifiable and specific, and are developed so that management can measure performance. True or False? - Correct Answer ️️ -False Creditors and suppliers typically share the same goals for the organization. True or False? - Correct Answer ️️ -False Social responsibility refers to an individual's responsibility to make business decisions that are legal, honest, moral, and fair. True or False? - Correct Answer ️️ -False The utilitarian view of ethics suggests that anticipated outcomes and consequences should be the primary considerations when evaluating an ethical dilemma. True or False? - Correct Answer ️️ -True Adverse selection exists when the parties in an arrangement do not share equally in the risks and benefits. True or False? - Correct Answer ️️ -False A situation in which a firm's managers fail to act in the best interest of the shareholders is known as the stakeholder dilemma. True or False? - Correct Answer ️️ -True The triple bottom line refers to the notion that firms must maintain and improve social and ecological performance in addition to economic performance. True or False? - Correct Answer ️️ -True Over the past several decades, the composition of the typical board has shifted from one controlled by insiders to one controlled by outsiders. True or False? - Correct Answer ️️ -False When additional insiders are added to outsider-dominated boards, CEO dismissal is more likely when corporate performance declines. True or False? - Correct Answer ️️ -False When additional outsiders are added to insider-dominated boards, outsiders are more likely to pressure for corporate restructuring when performance is poor. True or False? - Correct Answer ️️ -True Many companies limit the number of board memberships their own board members may hold. True or False? - Correct Answer ️️ -True Any purchase of a controlling quantity of shares of a firm by an individual, a group of investors, or another organization is known as a leveraged buyout (LBO). True or False? - Correct Answer ️️ -False Corporate takeovers have been promoted as a system of checks and balances for firm management. True or False? - Correct Answer ️️ -True Corporate takeovers have been supported because of their ability to reduce the debt of acquired firms. True or False? - Correct Answer ️️ -False Individuals or groups who are affected by or can influence an organization's operations are called a. shareholders. b. stakeholders. c. organizational constituencies. d. None of the above. - Correct Answer ️️ -B The desired ends toward which efforts are directed comprise a. the organization's goals. b. the mission. c. the organization's objectives. d. None of the above. - Correct Answer ️️ -A