Question 1

When a petroleum company replaced its underground storage tanks two years before the government's deadline, it qualified for which position on the political response continuum?

Accepted Answer

The answer of When a petroleum company replaced its underground...

Question 2

When Speedy Automotive chose to defend one of its car models in court after receiving an unsafe product notice from the government, it qualified for which position on the political response continuum?

Accepted Answer

Speedy Automotive is reacting to the unsafe product notice from the government by choosing to defend their car model in court. Therefore, it qualifies for the reactive position on the political response continuum.

Question 3

A(n) ____ reviews all aspects of a firm's operations to pinpoint possible liabilities and other legal problems.

Accepted Answer

A legal audit reviews a company's operations to identify any legal issues or liabilities. It may involve reviewing contracts, employment practices, intellectual property rights, and other legal matters. The goal is to identify and address any legal problems before they become major issues for the company. The other answer choices are not directly related to a legal audit.

Question 4

Which of the following is not a viable political strategy?

Accepted Answer

Bribing is not considered a viable political strategy as it is illegal and can result in severe consequences. The other options, such as campaign financing, lobbying, coalition building, and indirect lobbying, are all viable political strategies commonly used by politicians and interest groups.

Question 5

Which political strategy does the cattle ranching industry rely on when it presents its case directly to members of Congress prior to votes on land preservation matters?

Accepted Answer

The cattle ranching industry relies on lobbying as the political strategy when presenting its case directly to members of Congress prior to votes on land preservation matters. Lobbying involves attempting to influence lawmakers or government officials in favor of a specific cause or policy, usually through personal advocacy, meetings, or other forms of communication.

Question 6

Which of these is not one of management's four political strategies?

Accepted Answer

Watchful waiting is not a political strategy; it refers to a passive approach, whereas the other options are active political strategies used by management.

Question 7

Another form of indirect lobbying is

Accepted Answer

The answer of Another form of indirect lobbying is
...

Question 8

Managers need to use ____ if they want to identify and respond in a timely manner to social and political shifts.

Accepted Answer

Issues management is the correct choice because it involves the process of identifying and responding to social, political, and environmental issues that could impact the organization. This proactive approach helps managers to anticipate and address potential challenges before they escalate, ensuring timely and effective responses to shifts in the social and political landscape.

Question 9

Ralph is an executive at Bosco Construction Inc. and he wants to know how he could become more aware of possible legal problems for the firm. What technique should you recommend?

Accepted Answer

The best technique to become more aware of possible legal problems for the firm is a legal audit. This involves examining the company's policies, procedures, and practices to identify any legal risks and ensure compliance with relevant laws and regulations. This can help the company proactively address potential legal issues before they become costly problems. The other options (coalition building, alternative dispute resolution, PACs, indirect lobbying) are not directly related to identifying and mitigating legal risks for the company.

Question 10

Regarding the political response continuum, more business managers are becoming

Accepted Answer

As society becomes more politically aware, business managers are increasingly recognizing the importance of taking proactive steps to respond to political issues that may affect their business. This includes engaging with policymakers and stakeholders, anticipating and adapting to changes in regulations and laws, and taking a stance on issues that align with their company's values and mission. Reactive, passive, legalistic, and neutral responses are becoming less common as businesses recognize the importance of being proactive in their engagement with the political environment.

Question 11

An attitude adopted by managers on the ____ portion of the political response continuum is "defend status quo."

Accepted Answer

The "defend status quo" attitude implies a reluctance to make changes or take action unless prompted by an external force or event. This is a reactive approach, as opposed to proactive (taking preventive measures) or anticipatory (taking action in anticipation of potential issues). Neutral and entrenched are not relevant to the political response continuum.

Question 12

The head of a cosmetics company who takes a "watch and wait" attitude toward proposed federal legislation limiting the use of additives falls into the ____ category on the political response continuum.

Accepted Answer

The answer of The head of a cosmetics company who...

Question 13

In dealing with corporate misconduct, there is a clear trend toward

Accepted Answer

The question is asking about trends in dealing with corporate misconduct. Option A is the best choice because there is an increasing trend towards holding managers personally responsible for corporate misconduct. This can be seen in recent cases where high-level executives and CEOs are being held accountable for the actions of their companies. The other options (B, C, D, E) do not reflect current trends in dealing with corporate misconduct.

Question 14

The ____ law increases penalties for accounting fraud and makes conviction of securities fraud a felony with a stiff prison term.

Accepted Answer

The Sarbanes-Oxley law increased penalties for accounting fraud and made securities fraud a felony with a stiff prison term. This law was passed in response to accounting scandals such as Enron and Arthur Andersen, and it aimed to increase transparency and accountability in corporate governance. The other answer choices (B, C, and E) are unrelated to this specific law.

Question 15

____ are two key pressure points for managers when they deal with the political-legal environment.

Accepted Answer

The politicization of management refers to the increasing involvement of politics in business decisions and operations, which puts pressure on managers to navigate the complex political-legal environment. Increased personal accountability refers to the growing trend of holding business leaders responsible for their actions and decisions, which adds to the pressure on managers. Together, these factors make the political-legal environment a challenging and high-pressure area for managers to navigate. A, C, D, and E are either incorrect or only partially related to the question.

Question 16

What do the various alternative dispute resolution methods such as mediation and arbitration have in common?

Accepted Answer

The commonality among alternative dispute resolution methods such as mediation and arbitration is that they both seek to provide out-of-court settlements.

Question 17

Tobacco companies that include statements about freedom of choice in their advertisements are relying on which political tactic?

Accepted Answer

Advocacy advertising is a political tactic used to shape public opinion through advertising campaigns that promote a particular point of view or issue. Tobacco companies that include statements about freedom of choice in their advertisements are using advocacy advertising tactics to shape public opinion in their favor. They are attempting to frame tobacco use as an issue of personal freedom and choice rather than a public health concern.

Question 18

Issues management's main contribution to good management is its emphasis on systematic preparedness for

Accepted Answer

Issues management is primarily concerned with identifying and addressing social and political issues that can impact an organization's reputation and operations. Its focus is on being prepared for potential challenges in these areas through proactive measures such as stakeholder engagement, risk assessment, and crisis planning. Therefore, option E - social and political action - best represents the main contribution of issues management.

Question 19

Managers are finding that ____ around common rallying points is required for political impact when special-interest groups are involved.

Accepted Answer

Coalition building involves bringing together individuals, organizations, or groups around a common cause or issue, and can be used as a strategy to gain political influence when dealing with special-interest groups. Social contracting refers to an agreement between businesses and their stakeholders, lobbying refers to attempts to influence legislation, campaign financing refers to the raising and spending of money to support political candidates or causes, and advocacy advertising refers to the use of advertising to influence public opinion on a particular issue.

Question 20

The controversial practice of promoting a point of view along with a product or service refers to

Accepted Answer

Advocacy advertising is the practice of promoting a particular point of view or advocacy along with a product or service. It usually strives to raise awareness or promote social or political causes, and may be controversial because it can blur the line between advertising and propaganda. PACs, lobbying, coalition building, and social contracting are all related to advocacy, but do not specifically refer to the practice of advocacy advertising.

Quiz 3: The Changing Environment of Management: Diversity, Global Economy, and Technology