Management Angelo Kinicki 9th Edition – Test Bank

Management Angelo Kinicki 9th Edition – Test Bank

Management, 9e (Kinicki)

Chapter 3   The Manager’s Changing Work Environment and Ethical Responsibilities:

Doing the Right Thing

1) Over half of millennials believe that companies operate to meet society’s needs first and their own agenda second.

Answer:  FALSE

Explanation:  “More than any other previous generation,” reports Forbes, “millennials are concerned about business ethics, motives and methods. According to a Deloitte study of millennials, 58 percent of respondents indicated they believed corporations, in general, are moving in a more ethical direction, yet 64 percent still believed companies operate according to their own agenda first and society’s needs second.

Difficulty: 1 Easy

Topic:  Ethical Behavior

Learning Objective:  03-01 Describe the triple bottom line of people, planet, and profit.

Bloom’s:  Remember

AACSB:  Knowledge Application

Accessibility:  Keyboard Navigation

2) “Good” boards have balanced gender representation.

Answer:  TRUE

Explanation:  Some experts further speculate that balanced gender representation on boards is an important characteristic of a “good” board.

Difficulty: 1 Easy

Topic:  Internal Stakeholders

Learning Objective:  03-02 Identify important stakeholders inside the organization.

Bloom’s:  Remember

AACSB:  Knowledge Application

Accessibility:  Keyboard Navigation

3) The employees of a production facility that produces parts for boats are meeting to discuss ways to control rising costs, which are affecting their bonus (incentive pay). The employees are internal stakeholders of the factory.

Answer:  TRUE

Explanation:  Internal stakeholders include employees, owners, and the board of directors, if any. Some of the directors on the board (inside directors) may be top executives of the firm.

Difficulty: 1 Easy

Topic:  Internal Stakeholders

Learning Objective:  03-02 Identify important stakeholders inside the organization.

Bloom’s:  Remember

AACSB:  Knowledge Application

Accessibility:  Keyboard Navigation

4) The task environment of Eye of the Needle Costume Designers consists of just two groups, customers and stockholders, who give the employees and management of Eye of the Needle the daily tasks that the company’s employees will handle.

Answer:  FALSE

Explanation:  The task environment consists of 10 groups that present employees with daily tasks to handle. The 10 groups are customers, competitors, suppliers, distributors, strategic allies, employee organizations, local communities, financial institutions, government regulators, and special interest groups.

Difficulty: 2 Medium

Topic:  External Stakeholders

Learning Objective:  03-03 Identify important stakeholders outside the organization.

Bloom’s:  Understand

AACSB:  Knowledge Application

Accessibility:  Keyboard Navigation