Ethical standards guiding an organization actions

 

1. Ole McDonald, a successful farm equipment supply company in the Midwest, joined with A-Plus Supply, a national hardware and home retailer, so Ole McDonald can open stores in other regions and A-Plus can now offer a high-quality product in the farm community. This is an example of a ___ relationship.

Competitor

Supplier

Strategic allies

Customer

2. A formal written set of ethical standards guiding an organization's actions is a(n) ____.

moral compass

business plan

dilemma document

ethical plan

code of ethics

3. In this role, managers share information externally.

Spokesperson

Negotiator

Disturbance handler

Entrepreneur

4. Which of the following is an example of a stakeholder group in the specific environment?

Customers

Employees

Suppliers

Distributors

All of the above

5. In _________ cultures, time is viewed as being more flexible and multi-dimensional.

Monochronic

Polychronic

Power distance

High context

6. _________ are principles of right and wrong that influence individual behavior.

Ethics

Values

Attitudes

Prejudices

7. Examples of instrumental values include ambition, honesty, creativity, self-discipline, and perseverance.

TRUE

FALSE