The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

The principal-agent problem is concerned with:
A. Procurement
B. Appropriation of shareholders' investment by a firm's managers
C. How to control a firm's distributors and dealers
D. Corporate social responsibility
by

1 Answer

Answer :

Corporate social responsibility
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The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

Description : The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

Last Answer : Corporate social responsibility

According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing profits are stealing from their owners. Which statement supports this view? A. Property rights are restricted when they conflict with the basic rules of society as embodied in law and custom. B. The connection between ownership and control that exists for personal property does not legally exist for corporate property. C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

Description : According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing ... . Stockholders in publicly traded corporations are better understood as investors rather than owners.

Last Answer : C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

The corporate culture of a firm is more effectively carried to the managers who are A. Host country nationals B. Home country nationals C. Third country nationals D. None of the above

Description : The corporate culture of a firm is more effectively carried to the managers who are A. Host country nationals B. Home country nationals C. Third country nationals D. None of the above

Last Answer : Home country nationals

Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures

Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Relationships with national governments

Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Relationships with national governments

Hofstede found that some countries have a long-term orientation while others focus on the short term. His results mean that: A. US business would be happy to invest in nuclear power and space exploration without any government help. B. British businesses prefer investments with a quick return. C. Firms in Brazil shy away from ten-year investment projects. D. Indian business is impatient for a return on its investments.

Description : Hofstede found that some countries have a long-term orientation while others focus on the short term. His results mean that: A. US business would be happy to invest in nuclear power and space ... from ten-year investment projects. D. Indian business is impatient for a return on its investments.

Last Answer : British businesses prefer investments with a quick return.

The corporate governance structure of a company reflects the individual companies’ A. Cultural and economic system. B. Legal and business system. C. Social and regulatory system. D. All of the above.

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The primary stakeholders are: A. Customers. B. Suppliers. C. Shareholders. D. Creditors.

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Last Answer : Shareholders.

The ethical roots of the classical model of corporate social responsibility are found in which statement: A. The idea that the interests of stakeholders are as important as the interests of a corporation's stockholders. B. The free market theory which holds that managers are ethically obliged to ace as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society. C. The ethical imperative to cause no harm. D. The ethical imperative to prevent harm.

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Last Answer : B. The free market theory which holds that managers are ethically obliged to ace as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society.

Watson Corporation's Chairman tells the firm's managers that the key to social responsibility is to: A)watch profit impacts very carefully. B)maintain an updated code of ethics. C)monitor changes and trends in society's values. D)carefully interpret all new legislation.

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Last Answer : C)monitor changes and trends in society's values.

Professional culture refers to A. Shared belief of top managers about how they should manage about themselves and their employees B. Shared code of ethics and other commonalities shared by members of a give group C. Both (a) and (c) D. None of the above

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Last Answer : Shared code of ethics and other commonalities shared by members of a give group

Nonverbal communication: A. Includes written communication B. Has no place in international business. C. Include body languages D. Should be learnt by business managers to communicate with foreigners.

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In a global market place Managers must A. deals with economic, political and cultural differences B. expect competitors to suddenly appear at any time from any place C. not to take specific differences of local environment into consideration D. A and B

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According to the textbook, the most valuable framework to help managers better understand differences between national cultures was developed by ______________. A. Milton FriedmanB. Michael Porter C. Geert Hofstede D. Abraham Maslow

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In a global market place Managers must A. deals with economic, political and cultural differences B. expect competitors to suddenly appear at any time from any place C. not to take specific differences of local environment into consideration D. A and B

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Kind of organization which have integrated worldwide corporate units in different countries is classified as A. alliance enterprise B. global enterprise C. interdependence enterprise D. multinational enterprise

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The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personalIntegrity to society. B. Change the way in which ethics is taught to students. C. Create more ethics standards by which corporate professionals must operate. D. Increase the workload for accounting students.

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McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

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McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

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Buying and selling of products and services from firms in other countries is called A. importing and exporting B. regional alliances C. national alliances D. international alliances

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It was recognized in the 1990s that physical assets are not the only thing that needs to be included in the valuation of a firm. In Europe, firms also included a supplement detailing the: A. Goodwill B. Intellectual capital C. Brand reputation D. Knowledge

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A tariff is: A. Restriction on the number of export firms B. Limit on the amount of imported goods C. Taxation on imports D. (b) and (c) as mentioned above

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Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always leads to benefits for firms. C. New technology can allow new goods and. services to be developed. D. New technology lowers the production learning curve.

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The internet facilitates globalization by: A. Making it more difficult to contact potential customers abroad. B. Cutting the cost for firms of communicating across borders. C. Making it harder to send money from one country to another. D. Making it easier for governments to censor the information received by their citizens from abroad.

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Projects of complex organizations usually require input from several functional departments, which creates A. Overlapping B. Shared Responsibility C. Both A and B

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This corporate parent acts as an agent on behalf of financial markets and shareholders, with a view to enhancing the value attained from the various businesses. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

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Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice B. Ethical conduct C. Human rights and employee relations D. Community investment E. All of the above F. None of the above

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Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.

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Which of the following do NOT facilitate globalization? A. Improvements in communications B. Removal of barriers to trade and investment C. Immigration controlsD. Removal of controls on movement of capital across borders

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Globalization refers to: A. A more integrated and interdependent world B. Less foreign trade and investment C. Global warming D. Lower incomes worldwide

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Which one is not the form of FDI A. Purchase of existing assets in foreign currency.B. New Investment in Property, planet and equipment. C. Making investment is the mutual funds D. Transfer of many type of asset

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Cost Unit is defined as: (a) Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed (b) A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control. (c) Centres having the responsibility of generating and maximising profits (d) Centres concerned with earning an adequate return on investment

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The social democratic welfare model holds that: A. Dialogue between the social partners is not worthwhile. B. Unemployment is best dealt with through market forces. C. High levels of public expenditure should be avoided. D. Governments should actively assist people in finding work.

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Last Answer : Governments should actively assist people in finding work.

Cultural factors must include A. beliefs and attitudes B. social class C. occupation D. roles and status

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Personal factors include A. online communities B. social class C. personality and self-concept D. roles and status

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Social class who rely on relatives for assistance in trouble times and economic support considered asA. upper middles B. working class C. middle class D. upper uppers

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Last Answer : Governments should actively assist people in finding work.

Cultural factors must include A. beliefs and attitudes B. social class C. occupation D. roles and status

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Personal factors include A. online communities B. social class C. personality and self-concept D. roles and status

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Last Answer : personality and self-concept

Social class who rely on relatives for assistance in trouble times and economic support considered asA. upper middles B. working class C. middle class D. upper uppers

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If choice of project structure exists, first problem is to determine A. Kind of work B. Scope C. Strategy D. Complexity

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Roger McKinney complains to his advertising director that the continuing slump in orders has apparently been perpetuated by the firm's failure to have the necessary advertising expenditures in key media. Based on this information, the firm is MOST likely using the __________ approach to determine its advertising appropriation. A)percent -of-sales B)objective -and -task C)competition -matching D)arbitrary

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Who has the primary responsibility in agency? a. Principal b. Agent c. Bailor d. Bailee

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In an organization that has high centralization…………… (a) Problem can be quickly and efficiently solved (b) The corporate headquarters is located centrally to branch offices (c) Top managers make all the decisions-lower-level managers merely carry out directions (d) All top-level officials are located within the same geographic area

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A profit centre is a centre (a) Where the manager has the responsibility of generating and maximising profits (b) Which is concerned with earning an adequate Return on Investment (c) Both of the above (d) Which manages cost

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