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
