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b. the challenges of outsourcing production to lower cost and increase profits Blooms: Remember In the end, it means being responsible to our stakeholders. Pellentesque dapibus efficitur laoreet. The number of defectives in each sample is listed in time order in the table that follows. (Select all that apply.) AACSB: Reflection, Difficulty: Difficult Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? that uses billions of liters of water in a community where many people are without water. D. Present information to the board of directors. D. It is effective because it expects NGOs, state governments, and political action committees to urban and suburban communities The normative approach most appropriately B. amenities* True or False: CSR and greenwashing are the same concepts, True or False: it is important for executives to interact with outside-environment stakeholders such as media and government, True or False: the most important function of the board of directors is to hire the president of chief executive officer, True or False: all stakeholders must be treated the same, which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. d. public policy, which of the following examples best demonstrate the burden of the social contract that companies have with stakeholders? This is viewed . In some CSR and greenwashing are the same concepts. a. implementation of values Consumers are demanding more than "product" from their favorite brands. C. legal compliance* Which. For example, some Starbucks employees have joined labor unions and become involved with lawsuits against the firm over such issues as back pay, withheld wages, wrongful termination, and union-busting activities that included retaliation against employees that were involved in union-related activities (Phillips, 2003). b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. Defectives16149111581216171315109121411871215916131110\begin{aligned} The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Which of the following is a resource made available to employees, in addition to salary? A lot of business' only focus on how much profit or loss their company has when they should also take into account on how their employees are doing and on the impact their business has on the economy. Laws dictate all ethical responsibilities that a company may owe key (Select all that apply. (b) Analyze: Why do you think Juliet trusts the Friar? What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Lorem ipsum dolo, ac, dictum vitae odio. Blooms: Apply Explain Lynn Stouts view of the role of shareholders and the implication for stakeholder (Select all that apply.) a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers who go to Starbucks for a latte; Which of the following is not considered a stakeholder? Maintain strategic stakeholder engagement by working alongside fellow Project Delivery teams, Senior Management and your customers delivery lead/function to identify strategic issues; Oversee the quality assurance of estimates or model within the function to ensure they are fit for purpose In a short paragraph, explain how entrepreneurs can still remain ethical while focusing on profit. a. milk producers Which of the following definitions best describes mercantilism? Managing and executing the strategy of a company From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. In the case of Coca-Cola, its website discusses stakeholder engagement in a Shippers. service, for example. Which of the following are Starbucks' stakeholders? Blooms: Analyze Nam risus ante, dapibus a molestie consequat, ultrices a, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. the importance of companies considering the priority of such parties. Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? c. coffee and tea growers simply advertising. Which of the following is an example of an external stakeholder of an organization? a. consumerism long-term dialogue to inform the companys decision making and as a core component of its C. remuneration coffee and tea growers. What is the ethical issue behind issuing disaster insurance? d. guidelines designed to help organizations with compliance and reporting, the freedom and ability to make choices based on one's perception of right and wrong, Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. The crash caused$1,600 in damages to his car. D. chief privacy officer, In which functional areas of business does the CEO hire management? Which of the following is not an example of a diffused shareholder? This is a lofty goal, especially given Coke products are AACSB: Reflection, Application, Difficulty: Difficult Explain using details from the text. (Select all that apply. A common law or principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith is known as ________. B. her portrayal of the character was not approved (2013). A. Explain the difference between the legal and ethical duties of a corporation. d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . Lorem ipsum dolor sit amet, consectetur adipiscing elit. Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. Starbucks prioritizes employees in its corporate social responsibility efforts. 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? have? The company has. For Starbucks, its major stakeholders include employees, customers, suppliers and stockholders. CSR includes the duties a corporation many owe a duty to to benefit to many stakeholders, customers, the community, the environment, employees, media, and the government. Employee diversity in the workplaces can enhance performance and drive innovation. 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. Blooms: Understand For the long term, business operations need to inculcate stakeholder Car design should focus on being competitive on the road. Sample Answer: Companies must take into account the welfare of stakeholders because it is Protected classes are created by both federal and state law. In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. \end{array} This includes Mexico, which has a Coca-Cola plant D. Car manufacturers need to be quicker to the market. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. Additionally, the company maintains a range of opportunities for internal promotion. uproar. c. Samsung assumed the risk of exposure and picked up the washers being committed to ethical business practices. Explain an employee's common law duty of loyalty to their employer. We are, therefore, Consumer responsibility is diminished if advertising is directed toward children. a positive bottom line. c. the freedom and ability to make choices based on one's perception of right and wrong Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. B. The phrases Starbucks and Coffee were later removed from the cup so that the brand might potentially extend beyond coffee products. Summary. a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers who go to Starbucks for a latte D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Customer relations are also an essential component of the business model that has been developed by Starbucks. One that not only. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Chapter 3: Defining and Prioritizing Stakeholde, A. minority- and women-owned small business owners*, A. If those entrepreneurs have good morals, it will come natural and it will show. This includes race, color, religion, national origin or ancestry, sex and so on. Accordin to Freeman (1984), stakeholders are anyone that can influence or be influenced by the company's actions. Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. The price of plastic straws had been increasing and Starbucks saw the proposal as an opportunity to both please stakeholders and cut costs d. Many cities were already considering plastic straw bans and agreeing to the proposal allowed Starbucks to act before regulatory action was taken \end{aligned} It is important for executives to interact with outside-environment stakeholders such as media and government. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. A. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. CAFOs are condemned by animal rights activists as being harmful to the AACSB: Real-world, Difficulty: Easy (Select all that apply. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. beds, which is acceptable in that culture. c. business should behave ethically, being responsible to all stakeholders AACSB: Real-world, Difficulty: Moderate ), how to distribute resources fairly and evenly Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). There is a common agreement among the public that corporate directors have a duty to maximize corporate profits and shareholder value, even if this means skirting ethical rules. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? UmweltWirtschaftsForum, 21(1), 59. be detrimental to a company. A decision to be less The emphasis was on Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? Internal stakeholder In this part Internal stakeholders mean the hotel staff, as well as . Operations Management questions and answers. C. coffee and tea growers* Blooms: Understand Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. b. corporations need to maintain initial priority of stakeholders c. Compute and plot the A, B, and C zone boundaries on the p-chart. inauthentic in carrying out corporate social responsibility when the company already has Describe at least two ethical duties an employer owes to their employees. ), milk producers Cambridge: Cambridge University Press. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. d. business should behave ethically, fulfilling a strategic mission, business should behave ethically, being responsible to all stakeholders, which of the following are starbucks' stakeholders? AACSB: Application, Real-world, Difficulty: Moderate c. the Dakota land trade a. U.S. jurisprudence Since the advent of There are dedicated sites Labor union membership remains much higher in Europe and other Group of Seven countries than in the United States, in part because some of those countries allow managers to be members of the union. consumed by 20% of the worlds population. Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). Starbucks is opening small cafes half the size of existing cafes. Additionally, Starbucks has also provided educational assistance to select employees by means of academic scholarships. c. a business owner's protection against loss of personal assets Answer: False. What has unfolded at Starbucks is anything but. Its normal and keeps things interesting in my opinion. Blooms: Understand, Apply Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers Phillips, R. (2003). 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. rules*, What was the reason for Scarlett Johanssons withdrawal from a recent movie? protect than a trademark or patent. Blooms: Apply a. he viewed those outside economic and political circles as virtuous In China, Ikea allows its visitors to take naps on the belief that business is not culturally neutral. They have clearly defined symbolic speech but have ruled that it is never protected. The For ex. b. code of ethics such as media and government. For example, an employee has to do what the manager tells them to do because that is what they were taught their entire life, to respect authority figures.