Question

1. Who famously said, "The business of business is business? a. Archie B. Carroll b. Milton Friedman c. Gordon Roddick d. Ann K. Buchholtz 2. The Tylenol Crisis led to: a. Tamper-proof and tamper-evident packaging for over-the-counter medications b. The closure of Johnson & Johnson c. Recalls on all over-the-counter pain medications, as they could be compromised d. Stricter laws about including cyanide in medications 3. Which of the following is a requirement of the U.N. Global Compact? a. Reporting on progress and action with regard to the principles b. Seeing constant improvement in all areas c. Becoming specialists in a single area, to better share expertise d. Being a multi-national corporation 4. When considering the three attributes of stakeholder typology-power, legitimacy and urgency-group that holds all three of these are called: a. Dominant Stakeholders b. Demanding Stakeholders c. Dangerous Stakeholders d. Definitive Stakeholders 5. The News of the World scandal happened in which country? a. Australia b. France c. USA d. Great Britain 6. How many levels are there in strategic management? a. Two b. Three c. Four d. Five

Answer 1

Part 1

Answer is option B

B. Milton Friedman

Milton Friedman criticized the goal of business to maximize profits and overlooking other social responsibilities.

Part 2

Answer is option A

A. Tamper-proof and tamper-evident packaging for over-the-counter medications

This tragedy leads to safety reforms

Part 3

Answer is option A

A. Reporting on progress and action with regard to the principles

U.N. Global compact adopts principle based approach to keep updating stakeholders.

Part 4

Answer is option D

D. Definitive Stakeholders

one attribute holder - latent stakeholders

two attributes holder - expectant stakeholders

three attributes holder - definitive stakeholders

Part 5

Answer is option D

D. Great Britian

It happened in Great Britian

Part 6

Answer is option B

B. three

the corporate level, the business level, and the functional level