This agency mission is protecting consumers and competition bypreventing anticompetitive, deceptive, and unfair business practicesthrough law enforcement, advocacy, and education without undulyburdening legitimate business activity.Consumer Product Safety CommissionFederal Trade CommissionConsumer Financial Protection BureauBetter Business Bureau

Consumer protection is mainly related to the protection that provides the safety of consumers in the…

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Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Similar questions

ABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited. b) Recommend the governance strategies the board of directors can put in place to remedy the situation in the company.
Who is ethically responsible for the rise and continuance of cyberbullying? 4. Should social networking sites be censored in an effort to stop cyberbullying? Explain. 5. Is it legal and ethical to censor social networking sites to stop cyberbullying? Explain.
The U.S. Securities and Exchange Commission (SEC) released its final rule to implement a code of ethics under SOX Title 404. The stock exchanges have proposed that each company listed on the exchanges publish its code of ethics. Discuss how disclosures of a code of ethics by senior management could have a positive effect on public confidence and influence investors' behavior. Discuss the consequences of not establishing a code of ethics. Support your position. Evaluate the importance of senior management in setting the tone for the application of the company's code of ethics and promoting positive employee behavior, improved decision making, or the willingness to report unethical behavior of coworkers. Recommend at least two policies that might encourage employees to report unethical behavior.
Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibility
explain how a code of ethics is developed and state the importance of each step in the process of developing a code of ethics. It should include the following topics, which are part of the code development process: a. create an institutional ethics committeeb. analyzing risky behaviors in a professionc. identifying principles and determining behaviors.d. drafting and submitting for approval.e. determine communication and awareness strategiesf. establish compliance verification activities and implementation of reporting mechanisms.g. conduct periodic reviews and updates to the code.
Reflect on the use of corporate front groups to influence public opinion and the regulatory system. How do you feel about the use of this tactic by companies? Are corporate front groups ethical or unethical or is it more complicated than that? Should the use of corporate front groups be made illegal (explain why or why not)?
American Express established a consulting program that sent expert teams of employees into nonprofits to solve organizational problems. This can be considered an example of: (CSLO 7) A. An in-kind contribution. B. Skills-based volunteerism. C. Community-based philanthropy. D. Organizational support. Which of these statements is (are) true regarding the general public? (CSLO 4, 7) A. They deal with businesses through an economic exchange. B. This organizational stakeholder consists of individuals and groups found in society . C. They are unable to influence a firm's reputation. D. All of the above.
Is Government Support for External Whistle-Blowing Effective? A number of laws have been enacted to encourage members of organizations to report misconduct. While most firms support internal reporting of misconduct through anonymous hotlines, many organizations are concerned about employees going public or reporting misconduct to the government. Whistle-blowers are protected through the Sarbanes–Oxley Act and a number of other government agencies that deal with fraud, stock trading, and corrupt practices. In 2010 the Dodd–Frank Wall Street Reform and Consumer Protection Act gave additional incentives for whistle-blowers. Whistle-blowers are encouraged to turn themselves in if they were part of a team or group that engaged in misconduct, and doing so could result in monetary rewards. Despite these incentives, whistle-blowers in general do not get good treatment and often have trouble finding employment after they report misconduct. It has also been found that companies with good…
Assume that you are a consultant advising the Chair of a Remuneration Committee - who oversees CEO and Executive remuneration of a listed company in Australia. As requested by the company’s shareholders and Board of Directors, you have been tasked to review the CEO compensation structure to fit changes in the current business environment.1. In response to the Covid-19 pandemic and uncertainties in business climate, what short-term and long-term considerations should the company observe in adjusting the CEO’s pay? Provide a rationale for theseconsiderations and support your discussions with relevant examples.
Find an example of a company in Lithuania that engages in a Corporate Social Responsibility initiative. The company you select should be a domestic company to Lithuania, not just an office of an international company. Include a weblink to the company. What is the purpose of that company's initiative (what are they trying to accomplish). Classify the purpose of their initiative as either ethical (i.e., actions to make things "right"), environmental (i.e., actions to help preserve the natural environment), or social (i.e., actions to improve the lives of people). Justify your response. Describe what the company does for their initiative? Include an image of the initiative if one is available.
The directors picked you. Advise them on the possible governance causes of such ethicalbehaviour by the employees of ABC Limited.
Describe the role and workings of (1) the Consumer Product Safety Commission (CPSC) and (2) the Consumer Financial Protection Bureau (CFPB).

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