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Mgt 3301 UHD Ch. 3 Exam Questions And Accurate Answers
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Mgt 3301 UHD Ch. 3 Exam Questions And Accurate AnswersWhich of the following are moral dilemmas? (Select all that apply.) - ANSWER You must
choose between serving the interest of another person or advancing your own interest.
You must choose between two actions neither of which can avoid causing harm to
another person.
Barry learns that a very expensive item has been ordered by his customer which he
does not really need. Barry knows the right thing to do is to tell his customer and save
them money, but if he can leave the item on the order, he will get a much bigger
commission. Barry is in an _______ dilemma. - ANSWER ethical
True or false: Laws can change but ethics never change. - ANSWER False
Murder, theft, slavery, rape, and driving under the influence are examples of behaviors
that most people today believe _______. - ANSWER are unethical
are unacceptable
Overall, those who provide resources to a business and may benefit or be harmed by the
actions of the business are called the business's _______. - ANSWER stakeholders
Rodney is caught between a rock and a hard place. He has to decide, but with any
outcome he chooses his decision will hurt one group of people even though it may
benefit another. Rodney is facing a(n) _______ dilemma. - ANSWER ethical
Those who own stock in a company are known as _______. - ANSWER stockholders
At times, an ethical dilemma is to decide which course of action _______. - ANSWER is
the lesser of two evils
, What do managers as a group bring to an organization that give them a claim on the
organization? (Check all that apply.) - ANSWER Expertise
Experience
Skills
Which of the following statements about laws and ethics are true? - ANSWER Neither
laws nor ethics are fixed principles.
In order to satisfy employee's expectations, and to be ethical towards them as well, a
firm should establish an organizational structure _______. - ANSWER that fairly and
equitably rewards employees
Which of the following are behaviors most people agree are unacceptable, unethical,
and should be illegal? - ANSWER sexual assault
driving while intoxicated
murder
True or false: Stakeholders supply productive resources and have a claim on a
company. - ANSWER True
Legal contracts between companies and their suppliers do not usually cover _______. -
ANSWER ethical issues
Those who have a claim on a business, and hence an interest in its ethics, by virtue of
being owners as well as entitled to receive future stock dividends are known as the
_______. - ANSWER stockholders
The most important stakeholders are the _______. - ANSWER customers
Stakeholder group that provides their human capital-their skills, expertise, and
experience-to the company and therefore has a claim on the company is the _______. -
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