Business Ethics Case Studies And Selected Readings 6th Edition Marianne M. Jennings - Solutions

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Dumping refers to selling a product below what it cost to make.True or False
Currency appreciation causes the relative price of imports to fall and the relative price of exports to rise.True or False
A local content requirement is one kind of government rule meant toa. reduce foreign exports.c. tax foreign goods.b. subsidize domesticd. limit imports.producers.True/False You can find the answers on the last page of this text.
Which method of entering foreign markets has the advantage of allowing for test-marketing a product in a foreign market at the lowest cost?a. Joint venturesb. Wholly owned subsidiariesc. Exportingd. Contract manufacturing
What is the term used to describe the increasing opportunities for businesses to become involved in the global economy?a. transnationalismc. liberalizationb. multi-nationalismd. democratization
Which of the following is not a consequence of local content requirements?a. Costs of imports are driven down.b. Costs of imports are driven up.c. An import might be shut out of the market.d. They may serve as a means of protecting the local producers.
Which of the following statements is untrue?a. The costs of international trade are borne by those businesses and their workers whose livelihoods are threatened by foreign competition.b. The theory of comparative advantage states that specialization and trade between countries benefit all who are
Why do aesthetics matter when it comes to international business?a. Aesthetics does not affect a culture’s etiquette, and can be ignored.b. Aesthetics refers to what is considered beautiful or in good taste.c. Aesthetics helps eliminate the need to focus on customs and protocols.d. Aesthetics
Which of the following is untrue with regard to absolute advantage?a. What matters is relative efficiency.b. A large country can produce more of a good than a small country can, so it will always have absolute advantage.c. A large country can produce more of a good than a small country, but might
Outsourcing is an integral part of production globalization and means thata. companies routinely seek to buy overseas and repackage products for their market.b. companies engage a third-party organization to manufacture on their behalf.c. companies ally with partners overseas so they can supply
The booming economies of India and China are a major reason for the increasing global demand for energy. Which of the following is not a consequence of this situation?a. Increased energy demands depress oil pricesb. People have less money to spend as they spend more on energyc. Some businesses see
How does a corporation’s responsibility to shareholders to produce a profit interact with its social responsibility? Name several areas of possible conflict and analyze them from both a short-term and a long-term view.
How do your personal ethics impact your business decisions? How do they influence what products you decide to purchase? How do they influence your decisions around employment? How do you evaluate the ethical behavior of companies to compare them to your personal ethics?
Corporate Social Responsibility with Your Prescription CVS Pharmacy has made the decision to stop selling cigarettes and other tobacco products, even though it earns an estimated $2 billion a year from these products.Visit the CVS Caremark website and examine its Code of Conduct and statements on
Whistle-Blower or Traitor?Worldwide repercussions were felt when Edward Snowden released thousands of classified documents showing that the National Security Agency was running an international surveillance program. Snowden was charged with espionage and theft and fled the country. Find supporting
Socially Conscious: How Do Your Investments Measure Up?When you invest in mutual funds, you can make decisions in different ways. You may want to just put money into funds that had the greatest gain last year, or you may want to invest in funds that are collections of socially responsible
Identifying Your Strengths Visit the website of Martin Seligman, a psychologist who promotes the field of positive psychology, at www.authentichappiness.sas.upenn.edu. Complete the VIA Survey of Character Strengths. Consider how you can use your strengths each day in the work schedule you have
Government’s Role in Happiness The country of Bhutan is the only country that measures its progress by the level of happiness of its citizens, a metric named the gross national happiness (GNH).Examine www.grossnationalhappiness.com and see if you think the idea of a GNH measurement can be
Do you believe being ethical will lead to a better quality of life for you? Do cheaters win in the real world, or does ethical conduct lead to a more satisfying outcome? Are there times you would be willing to compromise your ethics for business gain?
Moral relativism is a perspective that holds that there is no universal moral truth.True or False
It is not a business leader’s responsibility to take steps to make sure that all employees are making ethical decisions.True or False
What is meant by the term “crowdsourced philanthropy”?a. It is the process of asking consumers to pledge funds for a specific cause.b. It is a strategy that involves several companies putting money together for a major infrastructure project overseas.c. It is a process at a stockholder meeting
Which of the following strategies is not designed to help a company recover from an ethical lapse?a. Ensuring whistle-blowers face legal consequencesb. Working to find a leader who will set an example of the new ethical image of the companyc. Restructuring internal operations to empower all
When a person chooses to nonviolently follow their own beliefs even when they go counter to current laws, they are said to havea. committed a criminal act.b. committed a civil act.c. committed an act of civil disobedience.d. committed a moral outrage.
There are many ways that individuals can work toward a more ethical world filled with more ethical businesses. Which of the following ways is incorrect?a. contributing by means of your own personal conductb. choices about where and on what to spend your moneyc. if you don’t believe in a
A business is in legal compliance ifa. it follows all the laws of which it is aware.b. it cannot be proven guilty of violating any laws.c. it meets all local, state, and federal regulations.d. it hires only employees who do not have criminal records.
What term is used to describe the practice of donating some business profits or resources to charitable organizations?a. corporate philanthropyb. social consciousnessc. tax offsettingd. corporate donations
What is the term used to describe a situation where a group of companies agree among themselves to set a product’s price artificially high so customers have to pay more than they would have otherwise for the product?a. Price agreementb. Price manipulationc. Price stabilizationd. Price fixing
Which part of an organization would be concerned with Human Rights and Employment Standards in the Workplacea. HRMb. ITc. CSRd. CEO
Many systems of ethical conduct exist. Which of the following is a likely source of ethical conduct?a. religious systemsb. cultural or national sourcesc. generation to generation within a specific ethnic groupd. All of the above
The text describes how a monopoly occurs when a provider of a service or good has control of all or nearly all of its market. Using this definition, consider whether professional sports leagues such as the National Football League, Major League Baseball, and the National Hockey League are
Monetary Policy: You’re in Control How would it feel to be in control of the monetary policy for a country? Go to the Federal Reserve Bank of San Francisco website and under Student Activities find the Fed Chairman Game. In this game, you act out the role of a fictitious central bank by
Pro Sports and the Economy How do professional sports and the economy interact?Play Peanuts and Crackerjacks on the Boston Federal Reserve Bank’s website (under Education Resources:Games and Online Learning) and test your knowledge of basic economic principles in the context of professional
Learning More about Supply and Demand Find the Supply and Demand Game on Shmoop.com and play a round or two. Using information you learned from this chapter, discuss your experience. How did you do? What are the important variables? How does this game illustrate the effects of supply and demand?
AT&T and Antitrust Regulations Watch the video “AT&T History” by Stephen Colbert, which is posted on YouTube. Then look at a more complete diagram of the outcomes of the forced breakup of AT&T in 1984 on the Quest Communications page on Wikinvest. Briefly describe the government’s rationale
Getting Acquainted with Your Local Federal Reserve Bank What Federal Reserve Bank branch is nearest your home or school? Go to the website of your local Federal Reserve Bank and outline its latest policies. What kind of information does the website give you?
Taxation and tax cuts are fodder for volatile debate among political leaders.Many of them claim that tax cuts help strengthen the economy by freeing up money to increase spending. Others claim that past tax cuts have not had a positive effect on the economy, have caused greater stress on the
Minimum-wage laws were introduced in the 1930s to protect workers after the Great Depression. Whether to increase the minimum wage continues to be an animated topic of discussion. What impact does increasing the minimum wage have on small business owners? Does increasing the minimum wage benefit
In 2009, the government bailed out several large banks and automotive and insurance firms in an effort to thwart a huge financial crisis. Were the government’s actions successful?
The text defines GDP as a measurement of economic activity. Think about other things that may“help” the GDP that are really not good for our society in general, such as the economic activity required to clean up oil spills or increases in consumer debt to buy more goods. In addition, there are
M-3 is M-1 and M-2, plus less liquid funds.True or False
The market price is the price at which supply equals demand.True or False
The reserve requirement is the maximum amount of money banks must hold in reserve to give depositors who may want to withdraw it.True or False
At which point in the business cycle is the economy when GDP declines for two or more successive quarters?a. Peakb. Recessionc. Troughd. Expansion or recovery True/False You can find the answers on the last page of this text.
Which of the following statements show that the link between taxation and inflation are incorrect?a. Higher taxes translate into consumers spending less money.b. Spending less means that business growth is slowed.c. The economy is slowed down by increasing the amount of money in the system.d. If
At which point of the business occurs when an economic expansion is at its most robust point?a. Recessionb. Troughc. Recoveryd. Peak
What type of unemployment occurs when firms must cut back their workforces when there is a downturn in the business cycle?a. Frictionalb. Seasonalc. Cyclicald. Structural
Which of the following statements is true in relation to CPI?a. It is a lagging indicator, so it shifts after the economy changes.b. It is a benchmark used to track changes in the demand for products and services.c. It measures changes in demand by creating a“market basket.”d. It is calculated
Which of the following indicators of economic growth is the most widely used by countries worldwide?a. Balance of Tradeb. GNPc. GDPd. Interest Rates
How does a positive change to the determinants of demand affect the supply curve?a. It shifts it to the left.b. It shifts it to the right.c. It has no affect.d. It depends on other determining factors.
Jeannette has a successful organic spa business in which she gives massages, facials, and organic body treatments. Last summer, another organic spa opened up in town. The supply curve for Jeanette’s business would shift in which direction?a. To the rightb. To the leftc. No change would occur.d.
There are four coffee shops in your town. All of them claim to have the “freshest-tasting coffee.”Each shop advertises the unique benefits of its coffee and prices. This is an example ofa. pure monopoly.b. monopolistic competition.c. a regulated monopoly.d. an oligopoly.
Which of the following is a good example of microeconomics?a. How a specific company would maximize its production and capacity so it could better compete in its industryb. How an increase in the unemployment rate would affect a country’s GDPc. How a decrease in taxation affects consumer
You can already think of yourself as a business—your life already has many of the same needs to manage. How do you manage your life financially—what are your sources of income? How do you track and predict your expenses? How do the changes in society impact your decisions, your opportunities,
Most business owners agree that keeping up with the pace of technological change is a challenging task. Imagine you are the owner of a new business and must decide what technology would best suit your needs.From what types of technology would this business benefit? Consider the factors of
Comparing Companies Consider two national companies discussed in this chapter—Allstate and CVS/pharmacy. In what states is each based? Go to www.sba.gov to research the laws applicable in the states in which these companies are based. How do the workers’ compensation and tax laws differ for
Nonprofit Business Is Still Business What tools are available to help evaluate the performance of a nonprofit business? Visit CharityNavigator.org. Examine three different nonprofit organizations and compare their performance, suggesting specific issues that concern you or that impress you.
Business Technology on the Go Mobile devices are evolving quickly and are setting the style of advertising and marketing. From www.exacttarget.com, select Resources and then Downloads. Find the current Mobile Behavior report.
The Languages of the Global Marketplace As globalization increases and the world markets become more intertwined, language barriers become important.Investigate online resources for automated translation tools. How could you add a website translator gadget to your web page? What happens if you want
Are You Savvy to Society?Imagine you are starting a new business. To what demographic area would you market? Think about the following factors: the race, ethnicity, gender, age, income, and sexual orientation of the population. Visit www.census.gov to locate reports on the demographic area you are
Many businesses now both maintain an online presence and have physical stores. Select a few specific companies and research the options for delivering product to customers. In what way does the online store compete with the physical store? How do the two storefronts support each other?
It is increasingly important for businesses to have green practices—reducing their carbon footprint, offering green options for consumers, and so on. What examples can you think of where a company’s marketing campaign has highlighted its concern for the environment? What might the costs to a
Consider all the factors of production: labor, natural resources, capital, entrepreneurs, technology, and knowledge. Is each resource a vital part of the school you attend or the company for which you work? Which factors do you believe are most important to the goods and services provided by your
In China, the service industry is now the dominant business model.True or False
Financial flow includes manufacturing costs, payments, credit terms, and profits.True or False
Cloud-based storage and services offer many benefits to business. Privacy and security concerns are not an issue.True or False
Which of the following is the best description of a supply chain?a. The agreements by which businesses engaged in supply one another organize those agreements.b. The process by which products, information, and money move between a supplier and the consumer.c. The ways in which inter-related
Which of the following types of business is a good example of C2C activities?a. Customizable clothing from a large retail brandb. Consumer-orientated customer service in a department storec. An individual offering direct-sale handmade craftsd. A small business with a limited range of locally
If a firm is able to reduce their production costs by either changing production methods or moving production facilities, what is the likely outcome for the consumer?a. A reduced level of product safetyb. A decrease in the supply of productsc. An increase in the price of the productd. A decrease in
Baby Boomers are a large and lucrative market.What is the date spread of their birth years?a. 1936 and 1945b. 1964 and 1978c. 1946 and 1964d. 1988 and 2000
Not-for-profit organizations do not go into business to pursue profits for their owners. What do they do with the profits they generate?a. Further the organizations’ causes by expanding the services they provideb. Donate the profits to other, less-successful not-forprofit organizationsc. Donate
Which of the following is a current sociocultural trend?a. A decrease in the overall U.S. populationb. An increase in the population of Americans ages 30 to 45 years oldc. A decrease in the U.S. minority populationd. An increase in the population of Americans ages 65 and older
What policies should the Red Cross establish for the future in fundraising and fund disbursement?
What do you think of Dr. Healy’s decision? Is she a whistle-blower?
Did the Red Cross commit an ethical violation in its initial decision?
Do you think Aramony should have asked for his deferred compensation funds?
What obstacles did Chao face as she assumed the United Way helm?
If Aramony were a CEO of a for-profit firm, would your answers change?
Is the perception as important as the acts themselves?
Was the board responsible for the expenditures?
Was there anything unethical about Aramony’s expenditures?
Why do you think the board members thought they were immune from the economic cycle Arizona was experiencing?
List the conflicts of interest you can see from the case.
What similarities do you see between this nonprofit case and those of Enron, WorldCom, and Tyco?
Is this case an indication that nonprofits operate as businesses and are susceptible to the same business ethics issues? Should nonprofits have ethics programs and training for their staff and volunteers?
About forty of the nonprofit organizations that had invested in New Era and withdrawn their funds and earnings prior to its collapse voluntarily agreed to return their money to the bankruptcy pool.11 An administrator from Lancaster Bible College, in explaining the return of his college’s funds to
Why were administrators so reluctant to hear Mr. Meyer out? Mr. Bennett notified Spring Arbor College officials when Mr. Meyer called him and asked administrators to keep Mr. Meyer quiet. How would you read this kind of request? What would you do if you were an administrator?
What impact did Mr. Meyer’s personal situation(visa and tenure issues) have on his desire to carry through with his concerns?
Did Mr. Meyer follow the right steps in trying to bring New Era to the attention of the college officials?
Why did Mr. Meyer have so much difficulty convincing his college administrators that there was a problem with New Era?
What is the impact of the e-mails’ disclosure on the reputation of government agencies and officials?
What peculiar responsibilities do government officials have during emergencies?
What cautions could you offer government officials about the use of e-mail?
What insights can you offer for young people and college parties in the wee hours?
What insights can you offer about prosecutorial responsibility?
Why do you think a seasoned prosecutor and lawyer like Mr. Nifong was not more forthright with the evidence and findings in the lacrosse case? A retired Durham police officer said, “It makes me think it’s because of the upcoming election,” in referring to Nifong’s conduct. 56 Are there some
What operational dangers for government agencies arise when elected officials don’t follow the rules?
Mrs. Wilcox apologized and said, “Sometimes, you get so immersed in things that you don’t see what’s right. I made a mistake, and for that, I’m sorry.” What could have helped her see the issue?
Are the connections among and between government agencies and Taser a necessary and inevitable part of Taser's type of product?
What would you have done differently as an executive at Taser? As a police officer?

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Business Ethics Case Studies And Selected Readings 6th Edition Marianne M. Jennings - Solutions

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