Establish trust. Some prioritization is particular to \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Job Summary and Mission. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. Defectives16121414911118157812121516917161313151110109. influence suppliers working conditions. b. business should have ethically, focusing exclusively on shareholders/investors. Starbucks baristas are paid above the minimum wage, even at the entry-level position. a. milk producers . (Select all that apply. About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. Do companies have the responsibility to market their products with integrity? Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. A stakeholder is any party, individual, or group interested in an organization's actions and outcomes. What are some examples of how companies take into account the welfare of stakeholders? AACSB: Reflection, Application, Difficulty: Difficult (Select all that apply.). A. her portrayal of the character was insincere a. Samsung's washers had a spin-cycle problem in 2017 including surveys or social media, for example. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? Which of the following are well-documented outcomes? b. ethical principles that apply everywhere despite differences in time, geography and culture Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. company. On the other hand, Starbucks has often been criticized as a firm that is hypocritical in his approach to such matters by claiming to be a company that abides by the principles of stakeholder ethics while treating its employees poorly. It must determine which are Which are some types of stakeholder relationships that a local chamber of commerce would have? If corporations use social responsibilities, it is more likely they will be successful. (Select all that apply. B. Supervising middle and senior management 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 ________. The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. d. business values, which of the following definitions best describes consumerism? Blooms: Apply C. chief executive officer* Why you should stop smoking, Emotional and Cultural Intelligence (D082), Introduction To Computer And Information Security (ITO 310), Professional Application in Service Learning I (LDR-461), Advanced Anatomy & Physiology for Health Professions (NUR 4904), Principles Of Environmental Science (ENV 100), Operating Systems 2 (proctored course) (CS 3307), Comparative Programming Languages (CS 4402), Business Core Capstone: An Integrated Application (D083), Bates Test questions The Thorax and Lungs, Student-HTN-Atherosclerosis Unfolding Reasoning, ATI System Disorder Template Heart Failure, Lesson 17 Types of Lava and the Features They Form, Wong s Essentials of Pediatric Nursing 11th Edition Hockenberry Rodgers Wilson Test Bank, Test Out Lab Sim 2.2.6 Practice Questions, The tenpoint plan of the new world order-1, Piling Larang Akademik 12 Q1 Mod4 Pagsulat Ng Memorandum Adyenda at Katitikan ng Pulong ver3, The cell Anatomy and division. AACSB: Reflection, Difficulty: Difficult B. urban and suburban communities* Ben & Jerrys, an ice cream company known for its founders social Summary. Starbucks that would result in change to the issue of racism in America. The number of defectives in each sample is listed in time order in the table that follows. B. local and regional governments* It is important for executives to interact with outside-environment stakeholders AACSB: Application. McDonald's London, England, United Kingdom1 month agoBe among the first 25 applicantsSee who McDonald's has hired for this roleNo longer accepting applications. Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . P3-1. A) Employees B) Customers C) Shareholders D) Economy D. Car manufacturers need to be quicker to the market. 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? C. environmental agencies A trade secret is a form of intellectual property protection and is easier to b. the challenges of outsourcing production to lower cost and increase profits Starbucks confirmed the results of the vote to CNN Business. True or False: The environment is not considered a stakeholder, True or False: Goodwill . If you feel harassed, prejudiced against, or disadvantaged in your workplace, you may file a complaint with the ________. Blooms: Analyze, Evaluate Urban and suburban communities C. legislatures Stakeholder theory: Reviewing a theory that moves us. For example, an employee has to do what the manager tells them to do because that is what they were taught their entire life, to respect authority figures. Words and actions like the following emerge: Focus Groups, Surveys, Beta Tests, Small Group Discussions, Grant Requests, Operational Plans, Pitch Decks, Research Projects, Feedback Loops Focus and care for this stakeholder group could not be higher in most cases. Answer: True, True or false? Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. this is an example of.. Blooms: Analyze Answered over 90d ago. Sample Answer: Ikea is a multinational furniture store. simply advertising. Blooms: Apply What is the ethical issue behind issuing disaster insurance? Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? Which of the following is especially important for developing and maintaining employee loyalty to the brand? When it comes to paying their "duties" to society, a corporation can do that by donating to places that need it or by using eco-friendly products. Make a list of Starbucks' goals. Which of the following statements does not depict deontology? a. U.S. jurisprudence Lorem ipsum dolor sit amet, consectetur adipiscing elit. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. Blooms: Understand ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. B. a positive bottom line. Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. AACSB: Ethics, Difficulty: Easy b. standards of behavior Blooms: Understand the same as information from trusted adults, What are some ethical concerns about advertising? Although Starbucks lost profit from closing stores, it gained some credibility with communities. And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). How does a corporation prioritize stakeholder claims? A. minority- and women-owned small business owners* The emphasis was on (Select all that apply.) b. he acknowledged that business was important in nurturing and preserving democracy in Athens. Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? Pellentesque dapibus efficitur laoreet. It also changed its policy of allowing noncustomers to visit its stores and use restrooms. 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. Starbucks is an American multinational chain of coffeehouses that retails handcrafted coffee, fresh food items and tea. premise by lawyers and legal-aid groups. beds to show customers the available bed sizes. Blooms: Remember Yet there Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. Some Starbucks stores have been accused of deliberately higher only part-time workers for limited numbers of hours for the purpose of avoiding the provision of healthcare and other benefits. Furthermore, there is B. amenities* Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. b. Sarbanes-Oxley Describe what type of goal each is. Blooms: Remember Which of the following is not an example of a diffused shareholder? Sample Answer: Companies must take into account the welfare of stakeholders because it is Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Blooms: Apply Also, Starbucks faced the challenge of technology. b. globalization Business ethics exists on which of the following three levels? AACSB: Analytical, Difficulty: Easy Which of the following best describes information that has economic value because it is not generally known to the public and is kept secret by reasonable means? c. media b. means supporting dogmatic rationality For ex. PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events a. business should behave ethically, focusing only on environmentalism Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. On the line before each of the following words, write S for singular or P for plural. Which of the following does an entrepreneur typically need to be willing to do to start a business? Which of the following are factors included when applying a legal definition of diversity? What CSR lesson did Starbucks convey when it closed its stores for a day? Therefore, some employees work for Starbucks to gain that status. Kroger take into account their suppliers, which include farmers. Which is the primary law prohibiting religious discrimination in the private sector workplace? Humongous Bank is the only bank in the economy. ), how to distribute resources fairly and evenly B. marketing* AACSB: Real-world, C. greenwashing 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. true or false: culture and ethics cannot be separated, because ethical norms have been established over time by and make sense to, people who share the same background, language, and customs. 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. The traditional approach to business ethics that has been championed by many corporate leaders echoes the sentiments of the late Nobel Laureate economist Milton Friedman, who famously stated that corporations ultimately have no ethic responsibilities other than to increase the value of the corporation for shareholders. A. (Select all that apply.). Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. B. Which of the following is a resource made available to employees, in addition to salary? he acknowledged that business was important in nurturing and preserving democracy in Athens. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. a. customers are not considered high-priority stakeholder Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? have? Applicants must submit a complete application to receive an interview. safeguard properties lawsuit 2017; syl johnson chad ochocinco father c. marketing ), positive customer experiences Cross), Give Me Liberty! b. code of ethics Starbucks Stakeholder Analysis. c. Assume that Humongous bank is part of a multibank system. The firm issued $3 billion in bonds, taking advantage of the. To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? &\text { Defectives }\\ Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. beds, which is acceptable in that culture. Blooms: Apply Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. the belief that business is not culturally neutral. discrepancy is stark. Explain how Ikea has had to adapt its business model in different countries. Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? A. chief legal officer Identify shareholders. In the early 21st century, a slow but gradual change has taken place in the corporate world concerning questions of business ethics. Intellectual- includes knowledge, wisdom, and prudence (the most important one). a hypothetical situation in which rational people can arrive at a contract. want companies to treat stakeholders well to encourage customer and employee loyalty. Donec aliquet. ventana canyon golf membership fees; what ships are in port at norfolk naval base? Difficulty: Difficult You will work with relevant stakeholders and the Head of Asset & Configuration Management to implement and support processes that ensure the effective governance, controls and integrity . AACSB: Application, Difficulty: Easy Multiple highly publicized incidents involving conflicts between Starbucks and its customers have been detrimental to the companys reputation in the area of corporate social responsibility. UmweltWirtschaftsForum, 21(1), 59. B. government liaison/lobbying director A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent.