Better Business 5th Edition Solomon, Michael R;Poatsy, Mary Anne;Martin, Kendall - Solutions

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Gioia uses the notion of script schemas to help explain why he voted to not initiate a recall of the Ford Pinto. In your opinion, is this a justifi able explanation?
The Ford Pinto met federal safety standards, yet it had a design fl aw that resulted in serious injuries and deaths. Is simply meeting safety standards a suffi cient product design goal of ethical companies?
What lessons, if any, can you take from this case, as an employee working under company offi cials who have more power than you do?
What, if anything, should the offi cers have done, and why?
Describe the “ethics” of the offi cers of the fi rm in this case.
Was anything unethical going on in this case? Explain.
What would you have done? Volunteered the information or stayed silent?Explain your decision.
Select two organizations in the same industry that you are familiar with or that are in the media or online news, such as McDonald’s and Burger King, Toyota and General Motors, Virgin Airlines and American Airlines. Research some of the latest news items and activities about each company and its
Select a corporate leader in the news who acted legally but immorally and one who acted illegally but morally. Explain the differences of the actions and behaviors in each of the two examples. What lessons do you take from your examples?
With which of the four social responsibility business modes in the chapter do you most identify? Why? Name a company that refl ects this orientation. Would you want to work for this company? Would you want to be part of the management team? Explain.
Identify an instance when you thought ignorance absolved a person or group from moral responsibility. Then identify an example of a person or group failing to become fully informed about a moral situation. Under what conditions do you think individuals are morally responsible for their actions? Why?
Describe a serious ethical dilemma you have experienced. Use the 12 questions developed by Laura Nash to offer a resolution to the problem, even if your resolution is different from the original experience. Did you initially use any of the questions? Would any of these questions have helped you?
Which of the ethical “quick tests” do you prefer? Why?
Explain what ethical logic and actions people generally take to persuade you to do something that is ethically questionable. Refer to the ethical decision styles in the chapter.
What insights did you gain from Covey’s Moral Continuum with regard to your ethical decision- making activities? What are some connections between Covey’s and Kohlberg’s concepts and ethics?
How would you describe your level of moral maturity using Kohlberg’s stages?
Briefl y explain your ethical decision- making style as presented in the chapter.
Which of the four social responsibility modes most accurately characterizes your college/university and place of work? Explain. Do your ethics and moral values agree with these organizations? Explain.
Explain the difference between the principles of rights and justice. What are some of the strengths and weaknesses of each principle?
Briefl y explain the categorical imperative. What does it force you, as a decision maker, to do when choosing an action in a moral dilemma?
Why is utilitarianism useful for conducting a stakeholder analysis? What are some of the problems with using this principle? Give an example of when you used utilitarianism to justify an ethically questionable action.
What are some of the problems characteristic of cultural relativism? Offer an example in the news of a company that has acted unethically according to the perspective of cultural relativism.
Return to the case you selected in question 4 above. Briefl y explain which of the chapter’s fi ve fundamental principles of ethical reasoning the leaders and/or major stakeholders you identifi ed used and did not use in the case.Which ethical principle(s) would you recommend that they should
What are two conditions that eliminate a person’s moral responsibility?
What single question is the most powerful for solving ethical dilemmas?
How can the discussion on personal level ethical decision making considering moral maturity and the moral continuum assist you in addressing dilemmas in your life and work?
What is a fi rst step for addressing ethical dilemmas? What parts of this chapter would and could you use to complement or change your own decisionmaking methods?
Why are creativity and moral imagination oftentimes necessary in preventing and resolving ethical dilemmas and “defi ning moments” of confl ict in one’s workplace? Offer an example of an ethically questionable situation in which you had to creatively improvise to “do the right thing.”
Do you believe ethical dilemmas can be prevented and solved morally without the use of principles? Explain. Offer an example from a dilemma you recently experienced or currently are experiencing. Characterize the logic you used in thinking through or having made a decision. Compare the logic you
Explain what you would say to the se nior auditor, your boss, in this situation if you decided to tell the truth as you know it.
What is the “right” thing to do in this situation? What is the “smart” thing to do for your job and career? What is the difference, if there is one, between the“right” and “smart” thing to do in this situation? Explain.
What would you do as the staff associate in this situation? Why? What are the risks of telling the truth for you? What are the benefi ts? Explain.
You are applying to a prestigious or ga ni za tion for an important, highly visible position. The application requires you to describe an ethical dilemma in your history and how you handled it. Describe the dilemma and your ethical position.
Review Kohlberg’s levels and stages of moral development. After careful consideration, briefl y explain which stage, predominantly or characteristically, defi nes your ethical level of development. Explain. Has this stage infl uenced a recent decision you have made or action you have taken?
Explain how a major trend in the environment has affected your profession, job, or skills— as a professional or student. Be specific. Are any ethical consequences involved, and has this trend affected you?
You are giving a speech at an important community business association meeting. You are asked to give a pre sen ta tion called “An Introduction to Business Ethics” for the members. Give an outline of your speech.
Conduct your own small survey of two people regarding their opinions on the importance of unethical practices in businesses today. Do your interviewees give more importance to economic per for mance or socially irresponsible behavior? Or do they think other factors are more important? Summarize
Invent and state your own defi nition of “business ethics.” Do you believe that ethics is an important factor in business transactions today? If you were the CEO of a corporation, how would you communicate your perspective on the importance of ethics to your employees, customers, and other
Identify and describe a specifi c belief or behavior of yours that you feel could be changed through taking a course in ethics.
What (if any) specifi c attitudes, values, beliefs, or behaviors of yours do you think could be changed from an ethics course? Explain.
What are some important distinctive characteristics of ethical problems?What distinguishes an ethical from a legal problem?
Is the law suffi cient to help managers and employees solve ethical dilemmas?Explain and offer an example from your own experiences or from a contem porary event.
Identify three reasons presented in this chapter for using ethical reasoning in business situations. Which of these reasons do you fi nd the most valid?The least valid? Explain.
Identify one myth you had/have about business ethics. Where did it originate?Why is it a “myth”? What led you to abandon this myth, or do you still believe in it? Explain.
What is a myth? Which, if any, of the fi ve business myths discussed in this chapter do you not accept as a myth (i.e., that you believe is true)? Explain.
Identify some benefi ts of using a stakeholder approach in ethical decision making. How would using a stakeholder management approach help you plan and/or solve an ethical issue in your working life? Explain.
What are the three major ethical issues you face now in your work or student life? What is “ethical” about these issues?
Refer to Figure 1.1 to identify three specifi c environmental infl uences that the or ga ni za tion for which you work (or the institution in which you study)must address to survive and be competitive. Explain how these infl uences, pressures, and opportunities affect you, and ask yourself how
Why were Samuel Waksal’s actions unethical?
Why did Samuel Waksal react as he did pursuant to learning that the FDA would not approve Erbitux?
What might motivate an individual or a company to short- cut drug testing that is crucial for FDA approval?
What is Congress doing about this situation?
Is it legal and ethical to censor social- networking sites to stop cyberbullying?Explain.
Should social- networking sites be censored in an effort to stop cyberbullying?Explain.
Who is ethically responsible for the rise and continuance of cyberbullying?
Who are the stakeholders in cyberbullying cases and what are the stakes for them?
What are the issues with cyberbullying? Explain.
Have you or someone you know ever been involved in cyberbullying, as a bully or victim? If so, what are the feelings and effects associated with cyberbullying in the situations with which you are familiar?
1 D & F Limited own a number of farms which grow fruit. The fruit is sold to large supermarkets abroad. They also grow coffee which is sold to companies that process and brand the coffee which is also then sold to large supermarkets abroad. The world price of coffee has recently dropped by 20 per
2 SEP manufactures electrical appliances such as cookers and heaters. One of Phil's responsibilities as Marketing Manager at SEP is to communicate with thousands of customers in many countries. Some of these customers are wholesalers but many are individual consumers who have bought products
1 Manuel is HR Manager for a large bank. His responsibilities include internal communication with individual workers and groups of workers. Sometimes he wants to send a message to all 15 000 workers employed by the bank. Some workers complain that unless they spend time reading notices or email
2 Mr Patel owns an insurance company. He advises clients and finds insurance policies for customers and a fee is paid for his services. He employs ten well- qualified workers. His business needs to recruit an extra five well-qualified workers and will need to draw up a job description and job
1 Sarah owns a business which manufactures musical instruments. There has been an increase in sales and profits over the last two years but there has been a fall in demand for some products. She employs 50 skilled production workers. She wants to recruit five more factory workers to make pianos but
2 The following organisation chart is for PPB Ltd. It is a private limited company which runs a chain of supermarkets. The organisation chart shows the hierarchical structure of the business.a) What is meant by the 'hierarchical structure of the business'?b) Identify how many people are in the span
1 Sasha owns a business which produces office furniture. She employs 100 workers in the Operations department and 15 workers in the offices. Sasha believes in a democratic leadership style. Sasha says that being a good manager is very important to the success of the business. She sees no need for
2 Sasha is a hotel manager. She has 30 employees working for her in the following departments: kitchen; restaurant; hotel reception; housekeeping (rooms). Sasha wants to increase the motivation of the employees and is thinking of introducing a bonus. She thinks it will make the hotel more
1 Joe owns a business which produces wooden furniture. He employs 20 workers in the Operations department and three workers in the offices. Joe pays all his workers by time rate but he is thinking of changing to piece rate. He has a high labour turnover from the factory as his workers are not well
2 The Big Pit Mining business (BPM) owns and operates coal and gold mines in several different countries. It employs thousands of workers. Most of them work in very dangerous conditions for low pay. Rubbish from the mines is often dumped in local rivers. 'Making higher profits and raising returns
1 Sunita and her partner Sunil decided to start a business selling flowers called S and S Blooms. They agreed on the business objectives they would set. There are several other shops in their town and there is much competition. Sunita and Sunil had very little cash to start their shop. However,
2 TelCom owns a phone network and provides phone network services to many consumers. The business does not manufacture phones and it does not own retail stores selling them. Senior managers at TelCom are considering a takeover of either a phone manufacturer or a chain of phone shops. TelCom employs
1 Sabrina was bored with her job in a clothing factory. Her main passion was fashion and she had always been good at selling since helping her father on his market stall. She encouraged her parents and some friends to invest in her idea for opening a shop selling good quality ladies clothes.
2 Mohammed ownsjjj j c a bakery. He makes bread and cakes. He employs three workers who help him mix the dough for the bread and cakes, put the dough into tins, bake the bread and cakes and serve customers. Mohammed has calculated that the 'added value' of his business is low. His customers
1 Gowri plans to start up her own business using her own savings. She wants to produce fashion clothes for women. She is a very good clothes designer but she does not like stitching clothes together. Two friends have offered to help Gowri. Abha is an experienced material cutter - she can cut
Mutual funds often compare their performance to that of the S&P 500 with the goal of “beating” it. Is this a fair comparison? Why or why not?
Describe your risk tolerance. What factors contribute to your tolerance level? Given your risk tolerance, what kinds of investments would be suitable for you right now? What factors may contribute to a change in your risk tolerance?
Municipal Bonds: Paving Roads and Building Schools Municipal bonds are issued by local and state governments and other municipal organizations, such as school districts and toll road authorities. Conduct online research to determine the municipal bonds that the state in which you live has issued.
Dollar Cost Averaging It is difficult to perfectly time your investments so that you purchase when a stock is at its lowest point or sell when a stock is at its highest point. Research the investment strategy of dollar cost averaging. In a paragraph, describe what this strategy is, why it is used,
Dogs of the Dow Several investment strategies help investors select stocks. Dogs of the Dow is one of the most publicized strategies. Research this strategy and discuss whether it be a good investment strategy for you.
Getting the Most for Your Savings At this stage in your life, putting your money in a savings account may be the most you can do.Savings rates are at historically low levels, so it is even more important that you find the most advantageous interest rate for your savings account. Go to Bankrate.com,
Financial Blogs The List (p. 000) includes 10 blogs that offer good financial information for young adults. Visit three of these blogs and find one article or piece of content on each that seems relevant to your current financial situation. Summarize the content of the article and discuss how it is
The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were initially considered blue chip stocks. Today, stocks in companies that were not in existence when the
List three short- to medium-term financial goals you want to achieve in the next one to five years and an approximate value for each. List three long-term financial goals that you want to achieve in the next 6 to 20 years and an approximate value for each. Discuss how you might be able to achieve
Before investing, you should determine your risk tolerance. How would you define your level of risk tolerance? What, if anything, might change your risk tolerance?
Common stockholders get paid before preferred stockholders if a firm goes out of business.True or False
U.S. savings bonds are sold on the secondary market.True or False
Net asset value (NAV), which is calculated at the end of each trading month.True or False
Asset allocation changes as investors reach life milestones; portfolios should be adjusted and rebalanced periodically.True or False
What is the term used to describe a contract that gives a buyer the right (but not the obligation) to buy (call) or sell (put) a particular security at a specific price on or before a certain date?a. Investment bondb. Agreementc. Optiond. Future investment
Bonds are rated by agencies such as Moody’s or Standard & Poor’s. Those bonds with the lowest ratings—and the most risk—are known asa. low-risk bonds.b. high-risk bonds.c. junk bonds.d. waste bonds.
If you own a $5,000 bond that has a coupon of 4 percent and pays interest semiannually, how much interest would you receive?a. $200 every six monthsb. $200 once a yearc. $200 every two yearsd. $100 twice a year
Which of the following is untrue with regard to bonds?a. The investor has a legal promise that his or her initial investment will be returnedb. The investor has a legal promise that he or she will receive periodic interest payments at a fixed ratec. Historically, the bond market overall has been
Jeremy wants to invest in companies that have a long history of consistent growth and stability.He should invest in which of the following?a. Blue-chip stocksb. Growth stocksc. Value stocksd. Cyclical stocks
What is the job title given to individuals who assist in the sale of new securities and prepare financial documents?a. Company secretariesb. Financial advisorsc. Investment bankersd. Exchange officials
Tracy Quinn feels she has a great investment portfolio. She has investments in technology stocks, banking stocks, and consumer goods stocks. Which type of investment should she use if she is striving for greater asset allocation?a. Foreign stock mutual fundb. S&P Index fundc. Municipal bond fundd.
Insider trading isa. going directly to a business to get advice about buying stock from them.b. buying and selling of securities based on information that has not been disclosed to the public.c. buying more stock if the investor has existing stock in a company.d. ensuring that all stock purchases
Which of the following could cause a stock price to change for Sunny Orange Growers, Inc.?a. More investors dislike the stock and sell it than those who like the stock and buy it.b. An unexpected freeze ruins the Florida orange crop for the year.c. The government establishes a tax incentive for all
Mason recently bought a $10,000 government bond with a 3.5 percent interest rate. For the first two years, his semiannual interest payments were $175,$175, $200, and $200. What kind of government bond would Mason most likely have purchased?a. Treasury billb. Treasury notec. TIPSd. Treasury bond
Sally owns a small women’s apparel design company. Because of the poor economy, her sales have been slow, and she is barely able to make payroll. Last week, she received a surprise order for a large quantity of designs from one of her lines. She’ll need to order material and other supplies but
Izzie is looking to buy a local business from an owner who has decided to retire. The business has been in the community for decades, and the current owner has a great reputation as being very customer focused and would do anything to keep his customers happy. Izzie has begun to look at the numbers
Analyzing the Competition Using Ratios Using MSN Money (under Guided Research, Research Wizard, Comparison) or Yahoo! Finance (choose a specific company, then Competitors), pick an industry(such as telecommunication services) and then two companies within the industry (such as Verizon, AT&T, or

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Better Business 5th Edition Solomon, Michael R;Poatsy, Mary Anne;Martin, Kendall - Solutions

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