Tuesday 4 June 2019

Companies that cultivate cultures of experimentation and curiosity make sure that ______________ is not, in essence, to be avoided at all costs.

81.
Companies that cultivate cultures of experimentation and curiosity make sure that ______________ is not, in essence, to be avoided at all costs. 
 

A. 
experimentation

B. 
failure

C. 
authority

D. 
risk taking
Companies that cultivate cultures of experimentation and curiosity make sure that failure is not, in essence, an obscene word. They encourage mistakes as a key part of their competitive advantage.


AACSB: Analytic
Blooms: Understand
Learning Objective: 11-04 The importance of developing competency companions and creating a learning organization.
Level of Difficulty: 2 Medium
Topic: Developing Competency Companions and Creating a Learning Organization
 

82.
Which of the following statements about ethics is not true? 
 

A. 
Ethics may be defined as a system of right and wrong.

B. 
Ethics assists individuals in deciding when an act is moral or immoral.

C. 
Ethics is not concerned with whether or not an act is socially desirable.

D. 
Business ethics is the application of ethical standards to commercial enterprises.
Ethics may be defined as a system of right and wrong. Ethics assists individuals in deciding when an act is moral or immoral, socially desirable or not. Business ethics is the application of ethical standards to commercial enterprise.

AACSB: Ethics
Blooms: Understand
Learning Objective: 11-05 The leader's role in establishing an ethical organization.
Level of Difficulty: 2 Medium
Topic: Creating an Ethical Organization
 

83.
As a manager, when faced with ethical crises you should _____________. 
 

A. 
focus on issues most relevant to stockholders

B. 
wait for the other party to make the first move

C. 
take the initiative to address the problem

D. 
cover up as much as possible
Ethical leaders must take personal, ethical responsibility for their actions and decision making. Leaders who exhibit high ethical standards become role models for others and raise overall organization level of ethical behavior.

AACSB: Ethics
Blooms: Understand
Learning Objective: 11-05 The leader's role in establishing an ethical organization.
Level of Difficulty: 2 Medium
Topic: Creating an Ethical Organization
 

84.
Which of the following statements about ethical organizations is not true? 
 

A. 
The potential benefits of an ethical organization are few but direct.

B. 
Ethical values shape the search for opportunities.

C. 
Organizational ethics define what a company is and what it stands for.

D. 
Ethics provide a common frame of reference that serves as a unifying force.
The ethical organization is characterized by a conception of ethical values and integrity as a driving force of the enterprise. Ethical values shape the search for opportunities, the design of organizational systems, and the decision-making process used by individuals and groups. They provide a common frame of reference that serves as a unifying force across different functions, lines of business, and employee groups. Organizational ethics helps to define what a company is and what it stands for. There are many potential benefits of an ethical organization, but they are often indirect.

AACSB: Ethics
Blooms: Understand
Learning Objective: 11-05 The leader's role in establishing an ethical organization.
Level of Difficulty: 2 Medium
Topic: Creating an Ethical Organization
 

85.
Proactive measures to prevent organizational ethics problems do not include _____________. 
 

A. 
instituting a reward system which considers outcomes as its primary criterion

B. 
using leaders as role models of ethical behavior

C. 
issuing statements describing organization commitment to certain standards of behavior

D. 
using organization information systems as a control system
A flaw in the organization reward structure may inadvertently cause individuals to act in an inappropriate manner, if rewards are seen as being distributed on the basis of outcomes rather than the means by which goals and objectives are achieved.

AACSB: Ethics
Blooms: Understand
Learning Objective: 11-07 Several key elements that organizations must have to become an ethical organization.
Level of Difficulty: 2 Medium
Topic: Creating an Ethical Organization
 

86.
Which of the following statements would least likely be found in a corporate credo? 
 

A. 
maximize financial benefits for stakeholders at any cost

B. 
provide secure and stable employment for employees

C. 
establish an environment that enhances professional growth

D. 
support community organizations and projects
Corporate credos and codes of conduct are mechanisms that provide statements of norms and beliefs as well as guidelines for decision making. They provide employees with a clear understanding of organization policies and ethical position. Financial maximization is least likely to be included in such statements.

AACSB: Ethics
Blooms: Apply
Learning Objective: 11-07 Several key elements that organizations must have to become an ethical organization.
Level of Difficulty: 3 Hard
Topic: Creating an Ethical Organization
 

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