only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. Nam lacinia pulvinar tortor nec facilisis. The emphasis was on As for ethical duties, they are standards based on human principles of right from wrong. focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could Which seven-step guidelines are designed to help organizations with compliance and reporting? Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? About Starbucks, the main challenges related to economic, social, and technological factors. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? Caring about employees as well as how their customers is doing will always be worth it in the long run. Rachel Carsons 1962 book, True or false? Answered over 90d ago. Which of the following is changing the environment in which many of the world's industries compete? a. U.S. jurisprudence \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. In 1968, Securities and Exchange Commission v. Texas Gulf Sulphur Co. implicated the employees of a Texas mining company and was the first famous case example of ________. AACSB: Analytical. A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. C. her portrayal of the character offended shareholders Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? c. business should behave ethically, being responsible to all stakeholders The number of defectives in each sample is listed in time order in the table that follows. Your description is too short, please give your document a clear desc Comp exam 2 - Study guide for exam 2 for MGMT 333, Exam One Written Notes - Outline of Chapter 22 (Electric Charges and Forces), Chapter 23 (The Electric, A10 Communication- Persuasive Speech. Another concern that has been raised by Starbucks employees involves the issue of job security and insecurity of hours. Starbucks that would result in change to the issue of racism in America. The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. Humongous Bank is the only bank in the economy. d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. Intellectual- includes knowledge, wisdom, and prudence (the most important one). What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? b. the challenges of outsourcing production to lower cost and increase profits The following points outline skills and experiences that are considered assets: First Aid and CPR certification. Culture and ethics cannot be separated, because ethical norms have been established over time by, and make sense to, people who share the same background, language, and customs. (Select all that apply. c. Samsung assumed the risk of exposure and picked up the washers a. the lifestyle characterized by the acquisition of goods and services Blooms: Remember Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . For that law, companies are. social media, they are apt to speak up about their customer experience. b. set of cultural norms Community members may view big box stores as a threat to small businesses' livelihood. 100 %. c. the Dakota land trade * This can be a consumer who is unable to express their discontent with a product or AACSB: Application, Difficulty: Moderate companies that intentionally keep hours at less than 29 to avoid more costly regulations like the ACA normative, descriptive, and instrumental approaches. Thornton & Ross, part of the Stada group, are one of the UK's fastest-growing, leading producers of household pharmaceutical products & own some of the country's most loved brands such as Covonia, Hedrin, Cetraben as well as the leading disinfectant Zoflora. Difficulty: Difficult The crash caused$1,600 in damages to his car. Business ethics exists on which of the following three levels? Blooms: Analyze They need to develop sustainable sources of quality beans. Identify shareholders. B. local and regional governments* Which are some types of stakeholder relationships that a local chamber of commerce would have? b. means supporting dogmatic rationality Sample Answer: Ikea is a multinational furniture store. Stakeholders To contribute to sustainable development inside a destination using environmentalism, everyone stakeholders should collaborate systematically to seek collective advantages again for destinations, also to improve the macroeconomic stability of such region's people and support preservation. FedEx and UPS. a. her portrayal of the character was insincere Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. Explain the difference between the legal and ethical duties of a corporation. D. compensation. d. ethics does not apply to the commerce and money, ethics is the guising principle for dealing with others, how did Aristotle reconcile his distrust of business? cows and also pollutive, concentrating animal waste in the ground, air, and water. d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? Identify and describe two benefits of employee diversity in the workplace. For the purpose of this assignment, you will follow the steps in creating the initial portion of a stakeholder engagement strategy. Starbucks confirmed the results of the vote to CNN Business. Most business organizations hold three different kinds of beliefs about themselves. If those entrepreneurs have good morals, it will come natural and it will show. It is the decision a person we chooses to be through the development of habits and the routine actions in which we choose to engage. Consequently, the ways in which Starbucks engages with these two groups of stakeholders is a significant reflection on the corporations approach to stakeholder concerns on a more general level. . And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). Answer: False, True or false? Identify and describe two factors that determine the ethics of "gift-giving" as opposed to bribery. (Select all that apply. a positive bottom line. It D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? To uphold honorable standards of behavior. (Select all that apply.). b. One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. c. coffee and tea growers 4 Consolidated net revenues increased 24% to $29.1 billion for the. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. c. environmental tax We are, therefore, Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. a. customers are not considered high-priority stakeholder Some prioritization is particular to * Mansell, S. (2013). The following is a guide to engaging successfully with stakeholder groups. If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. A diverse workforce yields many positive outcomes for a company. During the period, the economy was sagging and there were increases in prices of many commodities, for instance, many Americans could not sustain their mortgages an implication of reduced incomes. A. They can affect how successful Starbucks is by doing their job and providing inputs into decisions that go into creating products and services that customers want. D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. __ A program where students work on campus to earn money. Answer: True, True or false? c. ethics is the guiding principle for dealing with others Consumer feedback on social media sites does not affect a company's prospects or status as ethical. d. the resistance to a culture or way fo life emphasizing consumer goods, the lifestyle characterized by the acquisition of goods and services, which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. c. marketing Then, describe how that stated goal might affect how the following employees do their job: (a) a part-time store employeea baristain Omaha; (b) a quality assurance technician at the company's roasting plant in Amsterdam;(c) a regional sales manager; (d) the executive vice . A. entities and people invested and influential in the success of an organization* a. high-level manners Starbucks Corporate Technology's BI & Analytics team works to achieve this . Blooms: Apply "Business and trade" is defined as the exchange of goods and services in a dedicated market for the purpose of commerce and creating value for its owners and investors. Academy of Management Review, 22(4), 853886. Starbucks was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl, opening its first store in 1971 near the historic Pike Place Market in Seattle. Urban and suburban communities company. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? A company must identify and It has had success in the United States standards of behavior for professional and personal lives, to uphold honorable standards of behavior. D. Present information to the board of directors. Explain an employee's common law duty of loyalty to their employer. Blooms: Evaluate The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . What is the responsibility of the producer and the consumer? The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. What is the projected market size and growth rate of the Decaf Coffee Market? Consumers support big box stores that offer quality goods and reasonable prices, Which of the following are Starbucks' stakeholders? Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. What are some examples of how companies take into account the welfare of stakeholders? Lorem ipsum dolor sit amet, consectetur adipiscing elit. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. A. industry norms* Which of the following is an example of an external stakeholder of an organization? Blooms: Understand AACSB: Reflection, Difficulty: Difficult For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Operations Management questions and answers. A. minority- and women-owned small business owners* Explain how the "triple bottom line" goes beyond the traditional goal of shareholder profit. Donec aliquet. gender a. the "purchase" of Manhattan Defectives16149111581216171315109121411871215916131110\begin{aligned} Nam risus ante, dapibus a molestie consequat, ultrices ac magna. systemic ethics problems. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. This button displays the currently selected search type. The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . Explain how owners benefit from doing business as a corporate entity. CSR ensures that a company is engaging in sound ethical practices and policies in accordance with the company's culture and mission, above and beyond any mandatory legal standards. (b) Analyze: Why do you think Juliet trusts the Friar? Kroger take into account their suppliers, which include farmers. He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} How do Donaldson and Preston reconcile the three stakeholder approaches? AACSB: Application, Difficulty: Easy Words and actions like the following emerge: Focus Groups, Surveys, Beta Tests, Small Group Discussions, Grant Requests, Operational Plans, Pitch Decks, Research Projects, Feedback Loops Focus and care for this stakeholder group could not be higher in most cases. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). How is Starbucks diversifying in India to fit into the local culture? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ insufficient. Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. C. environmental agencies Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. A. finance* \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Of course companies have the responsibility to market their products with integrity because without them, the business would be no where. results to decision makers in management. welfare for two reasons: It is good for business and the right thing to do. Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? In several sentences, describe one ethical draw-back of job-sharing. Nam lacinia pulvinar tortor nec facilisis. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. We will send [DOCUMENT_TITLE] to your email. even perhaps industry standards? Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. Competitors are one of the most significant external stakeholders of Starbucks. (Select all that apply.) Nam risus ante, dapibus a molestie consequat, ultrices ac magna. C. legislatures To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? B. government liaison/lobbying director (Select all that apply. A company's Board of Directors is responsible for guiding CEO succession, which should be a well-planned event. Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. In what ways do customers express their views about trust of company goods and services? Participate in and support community . c. Citizens United such as Yelp where customers share their good and bad experiences. D. It is effective because it expects NGOs, state governments, and political action committees to a. milk producers It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products.