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. They Answered over 90d ago. results to decision makers in management. Consider Fisher's remarks in the last two paragraphs. d. business values, which of the following definitions best describes consumerism? B. local and regional governments* AACSB: Reflection, Difficulty: Difficult Blooms: Apply Miles, S. (2012). Select the best answer. Nam lacinia pulvinar tortor nec facilisis. Nam lacinia pulvinar tortor nec facilisis. 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 ________. Blooms: Remember PR was necessary for activists to gain a following, formulate a common message against Starbucks, and keep the company accountable to the public for this incident. D. dining/food service, Which of the following are stakeholders? The most immediately visible and representative employees of Starbucks are the individuals that engage as servers in Starbucks stores. f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 In several sentences, describe one ethical draw-back of job-sharing. A) Employees B) Customers C) Shareholders D) Economy Which of the following are Starbucks' key stakeholders? Blooms: Apply Stakeholder theory and organizational ethics. What CSR lesson did Starbucks convey when it closed its stores for a day? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. In the end, it means being responsible to our stakeholders. new CEO with a tourism background. such as Yelp where customers share their good and bad experiences. 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What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Those men later settled c. customers are considered high-priority stakeholders extensive pool of talent. Business ethics exists on which of the following three levels? About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. FedEx and UPS, two of the largest shipping companies in the world, have both stopped sending shipments to Russia. c. methodology for arriving at the truth c. marketing A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. a. implementation of values B. urban and suburban communities* Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. Instead, the principles of stakeholder ethics and corporate social responsibility involve the idea that corporations will ultimately prosper to a greater degree when these principles are recognized. C. Gather and analyze appropriate data. Has opportunity to lead a team. AACSB: Ethics, Difficulty: Easy Farmers supply the coffee grains and tea that are necessary for production. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. What is the ethical issue behind issuing disaster insurance? (Select all that apply.). If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Starbucks has also been accused of overpricing its products, particularly concerning its franchises in China, and of underfilling its cups as well (Laplume et al., 2008). Lorem ipsum dolor sit amet, consectetur adipiscing elit. Draw a T-account for the bank. AACSB: Application, Difficulty: Moderate Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. consumed by 20% of the worlds population. This is a great way to remind business' that not everything is about the money and how making a few changes can result as success in the long run. Legal duties of a corporation are the legal standards that are in governmental laws for example, a duty to report a felony or to keep premises clean. Blooms: Apply It is important for executives to interact with outside-environment stakeholders such as media and government. A bribe is given with either an explicit or implied expectation of return that will benefit your business while a gift is given without any expectation of return and does not benefit your business. Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. Our responsibility starts with being accountable to Starbucks stakeholdersour partners, customers, shareholders, suppliers, community members and othersand communicating openly about our business practices and performance. Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Journal of Business Ethics, 108(3), 285298. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. D. Present information to the board of directors. Consumer feedback on social media sites does not affect a company's prospects or status as ethical. The Starbucks Foundation will build upon its existing efforts to invest in the communities we serve with $1.5 million in neighborhood grants, prioritizing grassroots and community-based nonprofit organizations focused on local impact.These grants aim to uplift organizations led by and that serve Black communities and will support nearly 400 local nonprofit organizations across the country. a. the lifestyle characterized by the acquisition of goods and services Blooms: Analyze, Evaluate Supply Chains Act also implicates the welfare of stakeholders. From the beginning, Starbucks set out to be a different kind of company. a. the "purchase" of Manhattan beds, which is acceptable in that culture. Answer: True, True or false? chief executive officer. Why does a Kantian view typically not govern most management decisions? Consult with business partners, managers or other key stakeholders. FedEx and UPS. Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. There are dedicated sites AACSB: Application, Real-world. * b. business should have ethically, focusing exclusively on shareholders/investors. b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. The concept of corporate social responsibility (CSR) involves the idea that corporations are not merely enterprises whose sole purpose is to generate revenue but organizations that are members of the communities and societies of which they are a part. Fu, itur laoreet. insufficient. Explain an employee's common law duty of loyalty to their employer. true or false: during the industrial revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders, true or false: even in business, ethics is not about human morality but rather about human consumption, true or false: unless key leaders have a vision for the organization and themselves, and a path to achieving it, there can be no balance of beliefs about profitability and responsibility, or integration of business with culture, true or false: religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together, businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? This button displays the currently selected search type. * c. media While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. a. leads people to treat others as a means to an end Also, a bribery is very unethical and can look bad for the business. a. courage, decorum, and accountability This includes race, color, religion, national origin or ancestry, sex and so on. For ex. B. occurs during the monthly vulnerability scanning. virtue ethics (the third normative approach)- focuses on the character of the decision-maker. Which of the following are factors included when applying a legal definition of diversity? ), positive customer experiences c. the theory that global wealth is static and prosperity comes from wealth through extraction business and sustainability strategies. This is viewed He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Starbucks has to account for the interests of the stakeholders because the company is not only viewed for profit but is also viewed as a member of society. gender If Starbucks follows a strategy of competing in more than one business product, which of the following goals could it accomplish? AACSB: Application, Difficulty: Easy What are some examples of how companies take into account the welfare of stakeholders? Lorem ipsum dolo, ac, dictum vitae odio. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . 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. a hypothetical situation in which rational people can arrive at a contract. a. U.S. jurisprudence D. compensation. Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. Ben & Jerrys, an ice cream company known for its founders social He has the following security-related information: Parvalue$1,000Couponinterestrate6%Taxbracket20%Cost$930Yearstomaturity10\begin{array}{llll} which are the universal principles of behavior? Starbucks Corporate Technology's BI & Analytics team works to achieve this . Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding Answer: False, True or false? A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. b. courage, honor, and loyalty The entitlement of the environment to legal status is a long-argued Explain the difference between the legal and ethical duties of a corporation. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. b. ethics is about what someone does The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. A. industry norms* (Select all that apply. &\text { Defectives }\\ . Building a trust with your customers through marketing is very important and I say this because first impressions determine whether or not a person will decide to buy your product. Which of the following are Starbucks' stakeholders? C. remuneration Home4Dance Huddersfield, England, United Kingdom3 weeks agoBe among the first 25 applicantsSee who Home4Dance has hired for this roleNo longer accepting applications. As for ethical duties, they are standards based on human principles of right from wrong. have? Blooms: Remember Which of the following is true of Court decisions concerning symbolic speech? The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). (Select all that apply.) Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. The main reason for forming a corporation is to limit the liability of the owners. Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. P3-1. Customers still enjoy the product and yet competition is growing. Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. Many baristas have eventually become managers and worked their way up into higher positions within management (Mitchell, Agle, & Wood, 1997). Sample Answer: Companies must take into account the welfare of stakeholders because it is An ethical financial advisor must ________. American men were arrested while waiting for a friend at a Starbucks. The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. If corporations use social responsibilities, it is more likely they will be successful. making sure the stores employees and the company policies were sensitive toward identifying It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. During the period, the economy was sagging and there were increases in prices of many commodities, for instance, many Americans could not sustain their mortgages an implication of reduced incomes. 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. Mitchell, R. K., Agle, B. R. & Wood, D. J. d. embraces freedom and a sense of divinity, the advantage of justice theory over other ethical systems is its A firm's vision is the foundation for its mission. a positive bottom line. In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics.
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