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business
business foundations a changing world
Business A Changing World 6th Edition O. C. Ferrell, Geoffrey Hirt, Linda Ferrell - Solutions
Do you think employers should monitor employees'social media sites?
Do you think employers should look at people's social media pages as part of the hiring process?
Major economic systems including capitalism, socialism, and communism, as well as mixed economies, were dis- cussed in this chapter. Assuming that you want an eco- nomic system that is best for the majority, not just a few members of society, defend one of the economic systems as the best system.
3. How does iContact engage in social responsibility? How does this help the company set itself apart from the competition? iContact co-founders, Aaron Houghton (Board Chairman & Chief Innovation Officer) and Ryan Allis (CEO), met and launched the iContact business while still in college. Each
2. How does iContact handle human resources that sets it apart from other companies? iContact co-founders, Aaron Houghton (Board Chairman & Chief Innovation Officer) and Ryan Allis (CEO), met and launched the iContact business while still in college. Each already owned a technology-based business,
1. What are some of the risks that entrepreneurs take when starting a business? Why were Houghton and Allis confident that their business would succeed? iContact co-founders, Aaron Houghton (Board Chairman & Chief Innovation Officer) and Ryan Allis (CEO), met and launched the iContact business
3. What would you do in Shelly's position? Shelly Acres, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to start a busi- ness she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local supermarkets and select family
2. What challenges does Shelly face as she considers the three options? Shelly Acres, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to start a busi- ness she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local
1. Explain and demonstrate the relationship between supply and demand for Mrs. Acres Homemade Pies. Shelly Acres, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to start a busi- ness she called Mrs. Acres Homemade Pies. The company produces specialty pies
2. Why is it important for the government to measure the economy? What kinds of actions might it take to control the economy's growth?
1. Discuss the economic changes occurring in Russia and Eastern European countries, which once oper- ated as communist economic systems. Why are these changes occurring? What do you think the result will be?
9. How did the Industrial Revolution influence the growth of the American economy? Why do we apply the term service economy to the United States today?
8. Why are fluctuations in the economy harmful?
7. List and define the various measures governments may use to gauge the state of their economies. If unemployment is high, will the growth of GDP be great or small?
4. What are four types of economic systems? Can you provide an example of a country using each type?
3. Who are the main participants of business? What are the main activities? What other factors have an impact on the conduct of business in the United States?
1. What is the fundamental goal of business? Do all organizations share this goal?
3. Why is there an excess supply of ethanol, and why is this bad for businesses? While green may be the new black for many consumers, the ethanol business has experienced a downward shift in popu- larity. Although most gas stations now carry gas containing up to 10 percent ethanol, many
2. What is the source of the backlash against ethanol? Do you think critics have valid concerns? While green may be the new black for many consumers, the ethanol business has experienced a downward shift in popu- larity. Although most gas stations now carry gas containing up to 10 percent ethanol,
1. Why has ethanol been promoted as a promising "green" fuel source? While green may be the new black for many consumers, the ethanol business has experienced a downward shift in popu- larity. Although most gas stations now carry gas containing up to 10 percent ethanol, many stakeholders are
3. Do you think the Technoserve partnership will help build Peet's reputation as a socially responsible company?Buying products from a few farmers in developing coun- tries is one thing. Buying products in order to stimulate the economy of several countries is significantly more challeng- ing. Yet
2. Why would a company like Peet's have a business inter- est in helping to stimulate sub-Saharan economies?Buying products from a few farmers in developing coun- tries is one thing. Buying products in order to stimulate the economy of several countries is significantly more challeng- ing. Yet this
1. What is the purpose of Peet's partnership with the Tech- no Serve Coffee Initiative?Buying products from a few farmers in developing coun- tries is one thing. Buying products in order to stimulate the economy of several countries is significantly more challeng- ing. Yet this is just what Peet's
G iven what you have read in t he opening case, do you think either Keyst one XL or Energy East w ill be approved for development?
TransCanada Corp. has been relying on facts t o argue t he merit s of Keystone XL and Energy East w hile many opponent s have been making emot ional arguments.W hat are some of t he advant ages and disadvantages of TransCanada's approach?
The Keyst one and Energy East project s have been in t he news for t he past few years. Prior to reading t he opening case, what was your opinion and knowledge of t he issues at hand? After reading t he case, do you think TransCanada Corp. has acted ethically t hroughout t he process?
Did t he government have an ethical obligat ion t o invest in Nortel for the bet terment of Canada's scientific community?
Do you think Bombardier w ill survive in t he coming years?
What are some of t he potent ial pitfalls wit h bailouts?Do you t hink the government is act ing et hically when it spends t axpayers' dollars on bailout s? Why or why not?
W hat are the ethical considerations t hat BP failed t o recognize in its management of risks?3, How important is BP's reputation for business success?
Are BP's attempts at compensation enough to change the company's reputation in the eyes of consumer s?
Do you think it is fair for some provinces to ban fracking yet turn around and take money from other p rovinces who allow for fracking?S. Use Internet resources and find additional arg u·ments for and against fracking . Present the findings to the class.
Why might a government ban fracking when science appears to ind icate it can be safely done?
Examine this issue from the perspective of the gas company as well as from the perspective of concerned stakeho lders.
What is the e thical issue involved with fracking, and why is it so hard to resolve?
Do you think warning labels should be p laced on the drinks based on what energy drink makers say is limited evidence? Why or why not?
Do you think government should prevent the sale of these drinks to people under the age of 19? Why or why not?
Some Canadian companies such as Canada Goose are investing both time and money trying to fight knock-off versions of their products. Should compa·nies bother to do this? Why or why not?
Is manufacturing products under another company's label unethical? Should it be considered illegal?
Do you think the border patrol should seize products that they know are counterfe it? Why or why not?
What can Nestle do t o improve it s commitment t o Africa?
What has Nest le done t o improve its image in Africa?
Do you t hink t hat Nest le's socially responsible act ivities t oday have mad e up for possible mist akes involving infant formula in t he past?
Facebook o riginally stated it wo uld not combine t he personal info rmat ion from Facebook and lnstag ram to create even more det ailed user profiles. Af ter a bri ef p eriod, Facebook have gone back on their w ord and start ed to combine user profiles. Is t his eth ica I? W hy or why not?
Do you think it's ethical for Facebook t o co llect and sell personal info rmation of its roughly 1.5 b illio n users? W hy or why not?
Do you think people are aw are of the amount of personal info rmat ion being collect ed by Facebook?Will awareness hurt t he company's business model?Why o r w hy not?
In your opinion, is Fung 's arg ument t hat the site is simi lar to Google, Bing , or other search engines a fair one to make? Why or w hy not?
Do you think Fung should be penalized for operating a website that helps facilit ate the downloading of music, videos, and sof tware?
Do you think it is ethical to download music, v ideos, and software? Why or w hy not?
Do you think Canada's legal system should be investigating crimes such as bribes which occur in other countries? Why or why not?
Do you think "facilitation payments" should be considered bribes? If you ran a company in a country where these payments were the norm, would you pay them?
Do you think it is ethical to pay a bribe in a country where it is a cultural norm? Why or why not?
Uber is currently in discussions w it h Int act, one of Canada's largest insurance companies, to create ride-sharing insurance." If the insurance is created, should government s allow Uber to operate as is?Why or w hy not?
Do you prefer to have some choice in using a t axi or a ride sharing service? Why?
What are the implicat ions of Uber being considered illegal in Canada? Should Uber riders be charged with a f ine for using the service?
Do you think all businesses should follow t he same rules? Why or why not?
Do you think consumers would be willing to pay more for o rganic food if a testing program ensured the food truly was organic? Why or why not?1, In your opinion, are ride-sharing serv ices like Uber ethical or unet hical? W hy?
Would you trust producers not to use pesticides in their operations? Why or why not?
Do you think the Canadian Food Inspection Agency is doing enoug h to ensure foods labelled as o rganic are actua lly org anic?
An employee notes on his Facebook page that his boss is an id iot. The boss finds out about this through the office g rapevine. How should the boss ha nd le the situation?
A salesperson comes back from a tropical vacation.O n her Facebook page she creates a folder with the title, "Close fri ends only! My vacation pies." In order to see the vacation pies you have to click on the folder. Her employer logs onto Facebook and visits the salesperson's profile. She notices
Tom comes to work and looks exhausted during a presentation he is giving to clients. Tom's boss later visits Tom's Facebook page where she discovers he was out partying the night before the presentation.How should she handle the situation? Should she have visited Tom's profile to dete rmine what he
In a recent survey, 40 percent of employers admitted to visiting social media sites to pre-screen applicants who are applying for a job. O f the employers who pre·screen candidates, over 70 percent of them will not allow prospective applicants to explain questionable behaviour they see online.
The discussions about Valeant and ethics are likely to continue for years to come. Use Inte r·net resources to review the current state of the company and whether any governments have started to regulate their pricing practices. Update the class on what you have found.
What are some of the arguments for charging high drug prices?
Do you think governments should regulate the prices that companies can charge for drugs? Why or why not?
Is Va leant Pha rmaceuticals an ethical company? Why or why not? Would you invest in the company based on its business model?
Do you think minimum wage should be raised in your province? Why or why not? What are some of t he potent ial pros and cons of sett ing a higher minimum w age?
Some prot esters fought back w hen police officers came t o evict them from their camps, includ ing physically confronting officers and throw ing object s.Do you think prot esters were acting ethically? Why or w hy not?
Do you think law enforcement agencies were right to tear down camps? Why or w hy not?
Some people in the Occupy Movement arg ued the practice of business itself is unethical. Do you agree or disagree?
Debate an organization's social responsibilities to owners, employees, consumers, the environment, and the community.
Explain the four dimensions of social responsibility.
Specify how businesses can promote ethical behaviour by employees.
Detect some of the e thical issues that may arise in business.
Define business e thics and social responsibility, and examine their importa nce.
Describe Apple's approach to customer service.
How is Apple integrating its products into the retail store experience?
Why is Apple having such a profound impact on the ret ail store experience?
Do you think customers, or frequent st eepers as the company calls members, will cont inue t o pay a premium for t eas t o be part of the Davids Tea experience?
If large compet it ors cont inue t o ent er the mar·ket place selling similar p roduct s at lower prices, wi ll Davids Tea cont inue t o b e as successf ul as it is today? Will it be ab le to sel l exot ic blends t ea at high pr ices w hen other ret ai lers are selling similar items for a lower pr
W hat do you t hink of Davids Tea's marketing strat egy of making tea fun and accessible? Is t he store design w hat cust omer s are looking for?
How do you t hink Sylvain Tout ant's experience at Keurig and Van Hout te has helped him at Davids Tea?
Why might the United St at es be reluctant t o place the bluef in tuna on t he endangered species list?What are some of t he consequences of acting t oo slowly or too quickly in their assessment?
What are t he ethical issues involved in selling bluef in tuna?
Why is the price of bluefin tuna skyrocket ing?
Why are such d ifferent cities agreeing t o set GHG goals?
What are some of the impacts such goals might have on business?
Why might it t ake longer to pass sust ainabi lity laws in capit alistic nations than in socialist ic or communistic nat ions?
Trace the evolution of the Canadian economy and discuss the role of the entrepre neur in the economy.
Specify why and how the health of the economy is measured.
Describe the role of supply, demand, and competition in a free-e nterprise system.
Define economics and compare the four types of economic systems.
Identify the main participants and activities of business and explain why studying business is importa nt.
Define basic concepts such as business.product, and profit.
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