When corruption is present in the business environment, what often occurs? Multiple Choice Laborers can make more money. Fair competition thrives. Factories are easier to build without a government permit. Company leaders threaten competitors and minimize competition.
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- Explain the major ethical theories discussed in class that business people can use to guide their decisions. Which theory do you feel is best in the modern business world? Explain your opinion.Differentiate between primary and secondary social and nonsocial stakeholders in a business situation. Give examples of each. What are the five key questions that must be answered for stakeholder management to be successful? What are the three levels of stakeholder engagement that a company might use? Explain each.The SituationYou work for a growing company, which thus far has operated only in the United States and Canada. Its board has just approve a plan to expand operations in two locations in the world whose local populations are overwhelmingly Hindu. The company management knows nothing about Hinduism, except perhaps for a few stereotypes. The company plans to hire most of its staff locally, so it needs basic information about Hinduism so that it can conduct advertising, human resources, and other aspects of its operations without offending cultural sensibilities.Your TaskYou work in the accounting department, but because you have a degree in religious studies, the companyâs management has asked you to prepare a brief report on certain aspects of Hinduism. It will use your report as the basis for determining a plan for further study. Your report, therefore, should be clear and specific about religion However, it need not and should not concern itself with details about how…
- Explain using examples how “Scaremongering” and “Window Dressing” affect the way leaders work in running and leading business organizations and when making decisions based on business ethicsBusiness means profit/competition/ market share and these terms can be related to “War” – then can Business be ethical?During the COVID 19 pandemic organizations experienced many changes where they fast forwarded into activities that previously seemed impossible. Technology played a major role in the response to this shift. In 2023, it is said that 50% of companies want workers back in office full time. As the CEO in your organization you have workers return on a hybrid arrangement. Justify why workers should return on a hybrid arrangement by giving (4) pros and (4) cons. As the Legal Representative explain the hybrid arrangement by taking into consideration the following below. Leadership and MotivationWorkplace CommunicationConflict ManagementTeamwork
- As a business leader over the course of your career you will establish patterns of behavior that determine what's capable and what's not within your organization. Create a Code of Ethics for your organization that explains acceptable behavior towards employees, customers, and suppliers. Your Code of Ethics could be a list of guidelines that explains everyone's responsibilities within the organization, or statements of goals for everyone in the organization to meet or exceed, or policies that must be followed to promote ethical behavior from everyone in the organization.the Italian and American corporate governance systems differ because a. the way the finacial models evolved are different b. the evolution of democratic models is similar c. the way the democratic and institutional models evolved are different d. the way the democratic and institutional models evolved are similarwhat is the definition of nepotism what is The advantages and disadvantages of nepotism what is The differences between nepotism in government sector and the private sector of business.
- Concept Integration. Chapter 2 identifiedknowledge workers as a key economic resource of the21st century. If an employee leaves a company to workfor a competitor, what types of knowledge would beethical for the employee to share with the new employer,and what types would be unethical to share?Are there other public that might benefit from more competition, including competition from private firms?How can good corporate governance help to check opportunistic behavior or avoid illegal activities?