A well-known financial executive cited in the human relations text believes that self-interest is the reason behind many major financial scandals
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following is a macro change facing us today?
a. Digitization of information b. Issues with global communication c. Increased isolation d. A shrinking market
A ________ team is one that consists of people from many different areas of expertise
A) Dispersed B) Dynamic C) Diverse D) None of the above
The theory of business social responsibility that holds that the obligation of a business is to earn
a profit while not harming others, or if it does cause harm, to compensate the victims for the harms caused, is: A) The moral minimum theory. B) The maximizing profits theory. C) The stakeholder interest theory. D) The corporate citizenship theory.
Identify each of the following corporations by type
a. Dr. Smith and Dr. Jones are both medical doctors who practice together. They incorporate their medical practice so that they can offer themselves and their employees better employment benefits. b. A group of concerned citizens obtains a corporate charter from the state to form a local Water Planning and Management Corporation that is authorized to do water planning on a local level and to grant permits for such purposes as the installation of ditches, and the encouragement of good water usage practices in their jurisdictional area. c. Agatha and Betty, who are sisters, form a corporation in which they are the sole shareholders. They plan to operate a large retail store that sells collectibles. Agatha is the president and Betty is the chairperson of the board of directors. d. Bill and Carl form a corporation to prevent spouse and child abuse. The corporation operates a shelter for battered women and homeless children. e. Zeron Corporation is incorporated in the state of West Virginia. It decides to expand its business to Kentucky. What type of corporation is it in West Virginia? What type of corporation is it in Kentucky?