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business
understanding business ethics
Understanding Business 13th Edition William Nickels, Jim McHugh, Susan McHugh - Solutions
1. 2. Were you assigned specific tasks or left on your own to decide what to do?
1. 1. Did you find a division of labor necessary and helpful?
1. What is organizational culture?
1. Why do organizations outsource functions?
1. What is an inverted organization?
1. What is the difference between line and staff personnel?
1. What are the various ways a firm can departmentalize?
1. Why are organizations becoming flatter?
1. What did Weber add to the principles of Fayol?
1. What are the principles of management outlined by Fayol?
1. 3. What is the main difference between capitalism and a mixed economy? Which model is used in the United States?
1. 2. Identify the four major requirements necessary for a free-market system to operate.
1. 1. Why is there a need for organizations like Opportunity International? Can’t poor people get loans from banks and other sources?
1. 4. Based on the information you have gathered, write a brief summary of what may happen to company sales over the next couple of years.
1. 3. Return to the Bureau of Labor Statistics home page (www.bls.gov) and use the Search feature to find trends in employment for the state of Illinois. Look around the website to see what other information is available. Plot the trend in employment in Illinois over the last four years. On your
1. 2. At the Bureau of Labor Statistics website (www.bls.gov) under “Industries” in the“Topics” box, click on “Industries at a Glance” to find the information about the manufacturing industry. What is the employment trend in manufacturing over the last four years?
1. 1. Go to the Bureau of Economic Analysis website (www.bea.gov) and locate the gross domestic product data. Compare the annual figure for the last four years. What do the figures indicate for the next couple of years?
1.b. How could you use the concepts of Adam Smith to help illustrate your position?
1.a. How can you find some middle ground in this debate to show that both businesspeople and those who work for nonprofit organizations contribute to society and need to work together more closely to help people?
1. 3. Many people say that businesspeople do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others.
1. 2. Are there other public functions that might benefit from more competition, including competition from private firms?
1. 1. Do you believe economic principles, like competition, apply in both private and public organizations? Be prepared to defend your answer.
1. What does the term monetary policy mean? What organization is responsible for monetary policy?
1. How does the government manage the economy using fiscal policy?
1. What’s the difference between a recession and a depression?
1. Name the three economic indicators and describe how well the United States is doing based on each indicator.
1. What are the characteristics of a mixed economy?
1. What countries still practice communism?
1. What are the benefits and drawbacks of socialism?
1. What led to the emergence of socialism?
1. What are the four degrees of competition, and what are some examples of each?
1. How are prices determined?
1. How do businesspeople know what to produce and in what quantity?
1. What are the four basic rights that people have under free-market capitalism?
1. What does Adam Smith’s term invisible hand mean? How does the invisible hand create wealth for a country?
1. What is better for an economy than teaching a man to fish?
1. What is the difference between macroeconomics and microeconomics?
Direction. Have you defined your basic personal needs? Have you determined what type of position will satisfy your knowledge, skills, and goals?
Vocational skills. Do you possess the positive combination of education and skills required for the position you are seeking?
Goal achievement. Do you have the ability to identify and work toward specific goals? Do such goals challenge your abilities?
Competitiveness. Do you have the capacity to compete with others and the willingness to be measured by your performance in relation to that of others?
Ability to handle conflict. Can you successfully contend with stress situations and antagonism?
Self-knowledge. Can you realistically assess your own capabilities? See yourself as others see you? Clearly recognize your strengths and weaknesses?
Interpersonal skills. Can you bring out the best efforts of individuals so they become effective, enthusiastic members of a team?
Flexibility. Are you capable of changing and being receptive to new situations and ideas?
Imagination. Can you confront and deal with problems that may not have standard solutions?
Energy level. Do you demonstrate a forcefulness and capacity to make things move ahead? Can you maintain your work effort at an above-average rate?
Leadership. Can you guide and direct others to obtain the recognized objectives?
Initiative. Do you have the ability to identify the purpose of work and to take action?
Willingness to accept responsibility. Are you someone who recognizes what needs to be done and is willing to do it?
Self-confidence. Do you demonstrate a sense of maturity that enables you to deal positively and effectively with situations and people?
Intelligence. Do you have the ability to understand the job assignment? Learn the details of operation? Contribute original ideas to your work?
Ability to communicate. Do you have the ability to organize your thoughts and ideas effectively? Can you express them clearly when speaking or writing? Can you present your ideas to others in a persuasive way?
What do I want out of life?
What do I hope to be doing in 5 years? In 10 years?
What jobs are likely to help me achieve my goals?
What are my career goals?
Am I career-oriented, or do I have broader interests?
What are my short- and long-term goals? Why?
If I could design my own job, what characteristics would it have?
In what kind of job environment would I feel most comfortable?
Must the job I assume offer rapid promotion opportunities?
Must I have a job that initially offers a high salary?
Do I have to work for a large, nationally known firm to be satisfied?
Would I mind traveling in my job?
Do I have a geographic preference? Why?
Am I willing to relocate? Why?
Do I work well independently of others?
Am I ambitious?
Do I get along well with others?
Do I work quickly, or am I methodical?
Do I work well under pressure?
Am I a leader or a follower?
Am I outspoken?
Do I work well with others?
Am I competitive?
What are my good and bad traits?
If I had to do it over again, would I work in these jobs? Why or why not?
Why did I work in the jobs I did?
What did I like the most about my previous jobs? Like the least?
Were any of my jobs applicable to positions I may be seeking? How?
What previous jobs have I held? What were my responsibilities in each?
Why did I choose my major?
Do I want a graduate degree? Do I want to earn it before beginning my job?
Is my GPA an accurate picture of my academic ability? Why or why not?
How have my extracurricular activities prepared me for a particular job?
Which subjects did I enjoy the most? The least?
In which subjects did I perform the best? The worst?
Have I taken certain courses that have prepared me for a particular job?
In which abilities do I wish I were more adept?
What special talents do I have?
Do I have good verbal and written communication skills?
Am I adept at working with mechanical things?
Am I adept at working with numbers?
Do I like to read?
Do I enjoy physical activities?
Am I a member of many organizations?
Do I enjoy working with numbers?
Do I like working with mechanical things?
Do I enjoy being with people?
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