Question 1

Crane et al suggest that businesses can best be understood as part of an industrial network rather than part of a simple exchange between two parties. What does this suggest about corporate interactions?

Accepted Answer

This suggests that decisions made by a firm in an industrial network can impact other members of the network, highlighting the interconnectedness and interdependence within the network.

Question 2

According to resource dependence theory, power derives from the degree of dependence that each actor has on the other's resources. This dependence is a function of the quality of an organization's resources and how useful they are to the other party.

Accepted Answer

False

Question 3

Crane et al define a conflict of interest as follows: 'A conflict of interest occurs when a person's or organization's obligation to act in the interests of another is interfered with by a competing interest that may ________ the fulfilment of that obligation.'

Accepted Answer

obstruct

Question 4

You are the purchasing manager at ACME Ink Supplies, Inc. The sales rep from a new supplier gives you a large box of premium quality Belgian chocolates after your first test purchase, with a note thanking you for the business. You like chocolates, but are not sure you should take the gift. What would Crane et al suggest you might consider in making up your mind? Please select all that apply.

Accepted Answer

The answer of You are the purchasing manager at ACME...

Question 5

With which of the following statements on ethical issues in relation to competitors would Crane et al agree?

Accepted Answer

Crane et al would likely agree that there is an ethical issue when a single large competitor dominates the market, as it can lead to unfair disadvantages for both consumers and other competitors.

Question 6

As western firms have become more familiar with traditions, such as the Chinese practice of guanxi, so they have increasingly tolerated gift-giving practices in such countries. What is the reason for this, according to Donaldson (1996)?

Accepted Answer

The answer of As western firms have become more familiar...

Question 7

According to Crane et al, the two key ethical issues relating to inter-organisational competition are competition that is overly aggressive and insufficient competition.

Accepted Answer

Crane et al. identify overly aggressive competition and insufficient competition as key ethical issues because they can lead to negative outcomes such as market monopolies or unethical business practices.

Question 8

Which of the following factors does the extended chain of responsibility not involve?

Accepted Answer

The answer of Which of the following factors does the...

Question 9

_________ or ________ information refers to any kind of information that the organization feels should not be freely available to outsiders and therefore should have some kind of moral or legal protection

Accepted Answer

The answer of _________ or ________ information refers to any...

Question 10

What are industrial ecosystems?

Accepted Answer

Industrial ecosystems are communities of organizations bound by interdependence of all kinds of resources and wastes.

Question 11

According to Crane et al, when a group of competitors band together in a cartel or trading group to fix prices and other trading arrangements for their own mutual benefit, this has no ethical implications.

Accepted Answer

Cartels and price-fixing arrangements are generally considered unethical because they manipulate market conditions, restrict competition, and can harm consumers by leading to higher prices and reduced choices.

Question 12

Which of the below is not a main strategy of business to business regulation?

Accepted Answer

Boycotting is not a main strategy of business to business regulation.

Question 13

Which of the following are key advantages of blockchain technology in enhancing traceability and transparency within supply chains?

Accepted Answer

Blockchain technology enhances traceability and transparency in supply chains by using public ledgers that can be checked by anyone, ensuring that all transactions are visible and verifiable.

Question 14

Unethical negotiating tactics impose which costs on negotiators mentioned below? Choose all that apply.

Accepted Answer

The answer of Unethical negotiating tactics impose which costs on...

Question 15

The _______ is a way of organizing activity based on returning all resources involved in the production of goods and services back into productive used with the goal of eliminating waste and reducing material inputs.

Accepted Answer

The answer of The _______ is a way of organizing...

Quiz 9: Suppliers, Competitors, and Business