Principles of Management Final Exam
(Latest ) Questions and
Verified Answers 100% Correct [ score
A]- University of Miami
Preconventional Level of Moral Development - correct answer The first level of moral
development, in which people make decisions based on selfish reasons
Conventional Level of Moral development - correct answer The second level of moral
development, in which people make decisions that societal to societal expectations
Postconventional Level of Moral Development - correct answer The third level of
moral development, in which people make decisions based on internalized principles
Overt Integrity Test - correct answer A written test that estimates job applicant's
honesty by directly asking them what they think or feel about theft or about
punishment of unethical behaviors
Personality-Based Integrity Test - correct answer A written test that indirectly
estimates job applicants' honesty by measuring psychological traits, such as
dependability and conscientiousness
Whistleblowing - correct answer Reporting others' ethics violations to management or
legal authorities
Social Responsibility - correct answer A business's obligation to pursue policies, make
decisions, and take actions that benefit society
Shareholder Model - correct answer A view of social responsibility that holds that an
organization's overriding goal should be profit maximization for the benefit of
shareholders
Stakeholder Model - correct answer A theory of corporate responsibility that holds
that management's most important responsibility, long-term survival, is achieved by
satisfying the interests of multiple corporate stakeholders
Stakeholders - correct answer Persons or groups with a "stake" or legitimate interest
in a company's actions
Primary Stakeholder - correct answer Any group on which an organization relies for
its long-term survival
,Principles of Management Final Exam
(Latest ) Questions and
Verified Answers 100% Correct [ score
A]- University of Miami
Secondary Stakeholder - correct answer Ant group that can influence or be influenced
by a company and can affect public perceptions about company's socially responsible
behavior
Economic Responsibility - correct answer A company's social responsibility to make a
profit by producing a valued product or service
Legal Responsibility - correct answer A company's social responsibility to obey
society's laws and regulations
Ethical Responsibility - correct answer A company's social responsibility not violate
accepted principles of right and wrong when conducting its business
Discretionary Responsibilities - correct answer The social roles that a company fulfills
beyond its economic, legal, and ethical responsibilities
Social Responsiveness - correct answer Refers to a company's strategy to respond to
stakeholders' economic, legal, ethical, or discretionary expectations concerning social
responsibility
Reactive Strategy - correct answer A social responsiveness strategy in which a
compay does less than society expects
Defensive Strategy - correct answer A social responsiveness strategy in which a
company admits responsibility for a problem but does the least required to meet
societal expectations
Accommodative Strategy - correct answer A social responsiveness strategy in which a
company accepts responsibility for a problem and does all that society expects to
solve that problem
Proactive Strategy - correct answer A social responsiveness strategy in which a
company anticipates responsibility for a problem before it occurs and does more than
society expects to address the problem
, Principles of Management Final Exam
(Latest ) Questions and
Verified Answers 100% Correct [ score
A]- University of Miami
Planning - correct answer Choosing a goal and developing a strategy to achieve that
goal
S.M.A.R.T. Goals - correct answer Goals that are specific, measurable, attainable,
realistic, and timely.
Goal Commitment - correct answer The determination to achieve a goal.
Action Plan - correct answer The specific steps, people, and resources needed to
accomplish a goal
Proximal Goals - correct answer Short-term goals or subgoals
Distal Goals - correct answer Long-term or primary goals
Option-Based Planning - correct answer Maintaining planning flexibility by making
small, simultaneous investments in many alternatives in many alternative plans
Slack Resources - correct answer A cushion of extra resources that can be used with
options-based planning to adapt to unanticipated change, problems, or opportunities
Learning-Based Planning - correct answer Learning better ways of achieving goals by
continually testing, changing, and improving plans and strategies
Strategic Plans - correct answer Overall company plans that clarify how the company
will serve customers and position itself against competitors over the next two to five
years
Vision - correct answer An inspirational statement of an organization's enduring
purpose
Mission - correct answer A statement of a company's overall goal that unifies
company-wide efforts toward it's vision, stretches and challenges the organization,
and possesses a finish line and a time line
(Latest ) Questions and
Verified Answers 100% Correct [ score
A]- University of Miami
Preconventional Level of Moral Development - correct answer The first level of moral
development, in which people make decisions based on selfish reasons
Conventional Level of Moral development - correct answer The second level of moral
development, in which people make decisions that societal to societal expectations
Postconventional Level of Moral Development - correct answer The third level of
moral development, in which people make decisions based on internalized principles
Overt Integrity Test - correct answer A written test that estimates job applicant's
honesty by directly asking them what they think or feel about theft or about
punishment of unethical behaviors
Personality-Based Integrity Test - correct answer A written test that indirectly
estimates job applicants' honesty by measuring psychological traits, such as
dependability and conscientiousness
Whistleblowing - correct answer Reporting others' ethics violations to management or
legal authorities
Social Responsibility - correct answer A business's obligation to pursue policies, make
decisions, and take actions that benefit society
Shareholder Model - correct answer A view of social responsibility that holds that an
organization's overriding goal should be profit maximization for the benefit of
shareholders
Stakeholder Model - correct answer A theory of corporate responsibility that holds
that management's most important responsibility, long-term survival, is achieved by
satisfying the interests of multiple corporate stakeholders
Stakeholders - correct answer Persons or groups with a "stake" or legitimate interest
in a company's actions
Primary Stakeholder - correct answer Any group on which an organization relies for
its long-term survival
,Principles of Management Final Exam
(Latest ) Questions and
Verified Answers 100% Correct [ score
A]- University of Miami
Secondary Stakeholder - correct answer Ant group that can influence or be influenced
by a company and can affect public perceptions about company's socially responsible
behavior
Economic Responsibility - correct answer A company's social responsibility to make a
profit by producing a valued product or service
Legal Responsibility - correct answer A company's social responsibility to obey
society's laws and regulations
Ethical Responsibility - correct answer A company's social responsibility not violate
accepted principles of right and wrong when conducting its business
Discretionary Responsibilities - correct answer The social roles that a company fulfills
beyond its economic, legal, and ethical responsibilities
Social Responsiveness - correct answer Refers to a company's strategy to respond to
stakeholders' economic, legal, ethical, or discretionary expectations concerning social
responsibility
Reactive Strategy - correct answer A social responsiveness strategy in which a
compay does less than society expects
Defensive Strategy - correct answer A social responsiveness strategy in which a
company admits responsibility for a problem but does the least required to meet
societal expectations
Accommodative Strategy - correct answer A social responsiveness strategy in which a
company accepts responsibility for a problem and does all that society expects to
solve that problem
Proactive Strategy - correct answer A social responsiveness strategy in which a
company anticipates responsibility for a problem before it occurs and does more than
society expects to address the problem
, Principles of Management Final Exam
(Latest ) Questions and
Verified Answers 100% Correct [ score
A]- University of Miami
Planning - correct answer Choosing a goal and developing a strategy to achieve that
goal
S.M.A.R.T. Goals - correct answer Goals that are specific, measurable, attainable,
realistic, and timely.
Goal Commitment - correct answer The determination to achieve a goal.
Action Plan - correct answer The specific steps, people, and resources needed to
accomplish a goal
Proximal Goals - correct answer Short-term goals or subgoals
Distal Goals - correct answer Long-term or primary goals
Option-Based Planning - correct answer Maintaining planning flexibility by making
small, simultaneous investments in many alternatives in many alternative plans
Slack Resources - correct answer A cushion of extra resources that can be used with
options-based planning to adapt to unanticipated change, problems, or opportunities
Learning-Based Planning - correct answer Learning better ways of achieving goals by
continually testing, changing, and improving plans and strategies
Strategic Plans - correct answer Overall company plans that clarify how the company
will serve customers and position itself against competitors over the next two to five
years
Vision - correct answer An inspirational statement of an organization's enduring
purpose
Mission - correct answer A statement of a company's overall goal that unifies
company-wide efforts toward it's vision, stretches and challenges the organization,
and possesses a finish line and a time line
