Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps
Knowledge Booster
Similar questions
- you must compose a 1-2 sentence statement which connects all 3 terms in such a way that a TRUE statement is expressed. GROUP 91. STAKEHOLDER2. MORAL MINIMUM3. MAXIMIZING PROFITS GROUP 101. UTILITARIANISM2. CORPORATE SOCIAL RESPONSIBILTY 3. BUSINESS ETHICSarrow_forwardTrue or False: Firms engaged in the business-2-business market tend to rely more on paid, non-personal communications (i.e., advertising) than do retail /consumer oriented firms.arrow_forward"How to Handle Rumors" One of your salespeople tells you about an interesting conversation he had this morning with a long-time customer about a competitor's salesperson who used to work for you, but was dis charged for underperforming. The sales rep had criticized your company and you, as a sales manager. He told the customer that the quality of your company's products had diminished sig nificantly in recent years and that consequently your salespeople were having a hard time sell ing to prospects and are relying on past reputations to sell to current customers. He also added that your make-quota-or-leave mentality is forcing reps to push products that customers don't really need, such as updates of new parts before old parts are worn out. Your salesperson indi cated that this particular long-time customer was unmoved by the competitor's accusations and, in fact, thought that his approach was in bad taste. She also was insulted by the suggestion that she's one of the customers being…arrow_forward
- 2. Artificial intelligence (AI) will bring health care a vast variety of new methods to provide care. Which of the following is incorrect about the prospect of utilizing AI? A) Big data sets will allow generalization from examples. B) Effective health care leaders must be well informed to navigate challenges. C) Leaders need “hard” skills to be effective when utilizing AI. D) AI can be used for predictive and prescripted analytics. 19. The basic principle underlying laws regulating health care organizations is: A) the social reputation of health care organizations. B) the major market share that health care organizations hold in our economy. C) the trust the public puts in health care providers in exchange for a duty to put patient interests first. D) the trust managers in health care organizations put in their staff in exchange for compliance with professional standards of practice. E) the distrust the government has for health care organizations to voluntarily choose best practices.arrow_forwardWhich of the following is true about ethics and the different functions of business? *a. Externalities should always be avoided.b. Marketing should be avoided because it can influence individuals' perceptions of and interactions with people.c. When faced with business ethics, the stockholder will always prevail in the decision making.d. The principal can influence the actions of the agents by giving rewards or punishments.arrow_forwardASSIGNMENT ONE Critical thinking is important for making judgments about sources of information and forming your own arguments. It emphasizes a rational, objective, and self-aware approach that can help you to identify credible sources and strengthen your conclusions. Critical thinkers use skills which enable them to analyse information and process it rationally to determine the value of the information and make a decision: (i) Critically explain four (4) areas of how critical thinking skills are developed; and (ii) Justify that lateral thinking is a manner of solving problems using an indirect and creative approach through reasoning that is not immediately obvious. And in the process clarify the above assertion by defining four (4) types of thinking tools:arrow_forward
- Select the best response to the question and give brief explanation. If doing an unethical act appears to be a lot easier & cheaper than the ethical one for achieving a certain the business goal is a situation of ---- Choices: (Ethical Dilemma, Financial Analysis, Weak organization structure, None of the above)arrow_forward1630 dest I. Multiple Choice Date: Direction: Choose the letter of the correct answer and write on the space provided Score: before the number. 1. He developed the concept of career anchors in 1985. a. Gerald Schen b. Edgar Shin 2. They do the actual selling and ensure that the products reach consumers. C. Lister Schein d. Edgar Schein a. Sales mangers 3. It is focus on designing and controlling production and business operations related to production. a. Manager b. production managers c. marketing d. operation management b. sales representative c. advertising managers d. Sales 4. This is the most important financial decision because managers have to determine how much of the total assets should be held or utilized by the firm and how these will be used by the company. a. Financing decision b. investment decision c. asset d. treasurer 5. It is the act of purchasing or acquiring goods and services for the company used. a. Buyers b. competitive bidding C. procurement d. cash managers 6.…arrow_forward21. A mentor is a trusted counselor, coach, or advisor who provides advice and assistance. True False 22. Parents who want to return to work on a part-time basis, have found compressed workweeks to be an attractive employment alternative. True False 23. Peer pressure can lead people to behave unethically. True False 24. Ethics need theory-building and basic research in the study of organizational behavior. True False 25. There is no significant relationship between corporate social performance and bottom-line results. True Falsearrow_forward
- I need the correct answer for 4 multiple choice question,  directly without explaining plz??arrow_forward١( In some companies, values and spirit which drive the company have far more to do with its achievements than technological or economic resources. Select one: a. TRUE b. FALSEarrow_forwardJasmin was hesitant to commit fraud because it is against her values and beliefs, this applies which ethical approach? O a. Virtue ethics O b. Teleological approach O C. Justice approach o d. Ethical relativismarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON