Managers Have Obligations to a Wide Variety of Stakeholders Such

question 73

Multiple Choice

Managers have obligations to a wide variety of stakeholders such as shareholders, employees and customers.When considering outsourcing production to offshore suppliers, managers have to weigh __. I) Cost benefits that might make shareholders wealthier
II) Quality issues that might make firms less productive and/or products riskier
III) The investments already tied up in relationships with existing suppliers

• A)I
• B)II
• C)III
• D)I and II only
• E)I, II and III

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Definitions:

Port Facilities

Infrastructure and services provided at a port to support the loading, unloading, maintenance, and storage of ships and their cargoes.

Absolute Advantage

The ability of a country, company, or individual to produce a good or service more efficiently than competitors, using fewer resources.

Monopoly

Market situation in which a single seller dominates trade in a good or service for which buyers can find no close substitutes.

Less-developed Countries

Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.