__________ challenges faced by managers are those that reflect the judicial context in
which an organization operates.
a. Social
b. Legal
c. Economic
d. Ethical
e. Workplace democracy
Question 2All of the following are legal and social challenges faced by managers presented in this
chapter except
a. ethical standards of managers.
b. governmental regulation.
c. controversial environmental issues.
d. workplace democracy.
e. All of these are legal and social challenges faced by managers in this chapter.
Question 3All of the following are true statements about government regulation except
a. free markets are characterized by relatively little government regulation.
b. in the United States there has been a trend toward increasing the regulation of
business.
c. deregulation of the airline and financial industries has caused some major
problems.
d. the United States has a free market economy.
e. All of these are true about government regulation.
Question 4All of the following are arguments for government regulation except
a. it is needed to keep larger firms from driving out weaker firms.
b. it is needed to support various laws.
c. it is needed to maintain a reasonable level of competition for the public good.
d. it is needed to keep unscrupulous businesspeople from resorting to unethical and
illegal behavior on a regular basis.
e. All of these are arguments for government regulation.
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