Question

17

Which of the following is NOT a reason it is hard for the board of directors to effectively monitor all the activity of the CEO and top management?

The board of directors may be not be experts in the business of the corporation.

Members of the board of directors can be large shareholders.

The board of directors are part time.

Board of directors depends upon management for most of their information about the company and its competitive situation.

22

Some people have suggested that managers should have a professional code of ethics like the one for physicians. Your textbook even included an example of a managerial code of ethics (the MBA oath). Which of the following is NOT a reason it is harder to set up a managerial code of ethics than the one for physicians?

Managers serve stakeholders with a more diverse set of ethical standards.

Managers serve many more stakeholders than physicians.

Being a physician is a less complex job than being a manager.

The acceptable rules of business can change across countries.

23

A local Phoenix fashion designer has been successful selling expensive jewelry inspired by the styles of Arizona After a long vacation in Japan the designer noticed no one was selling similar jewelry in Japan. The designer has already signed a lease on a small store in Tokyo and arranged for friend to move to Japan and run the store. It will open in six months. The designer approaches you to ask for your help in this effort What is the first question you should ask?

Who will be your competitors in Japan?

What kinds of jewelry do the Japanese like?

Have you made a business plan?

None of these

Have you considered using a joint venture with local Japanese firm?

Answer 1

17. Members of board of directors can be large shareholders

If the members of board of directors are large shareholders then it is easy for them to.monitor the activities of the CEO and top mmanagement as they will get access of almost everything that is going on in the organization and therefore very few aspects should get unnoticed.

22. Being a physician is a less complex job than being a manager

This is not valid and cannot be reason for n this context because this is a vague statement which cannot be supported with any documents and as they are different professions it is unfair to state something of this sort.

23. Have you made a business plan?

This has to be my first question because without a business plan it is difficult to understand the details and the strategies of the business which will make the process work and if there is a plan, then that needs to be analyzed and used in Japan in order to bring success for the organization.