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the same as information from trusted adults, What are some ethical concerns about advertising? A. milk producers* Sample Answer: In May 2018, Starbucks closed its stores after an incident in which two African An example involves a partnership that was created between Starbucks and Arizona State University that provided scholarships of these kinds where the corporation would pay for more than 50% of the students tuition. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. discrepancy is stark. As Starbucks, we can either choose to rise to this moment or stand idle. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. represents ethical stakeholder theory. A decision to be less f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 Cell differentiation and specialisation - GCSE, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. The normative approach most appropriately a. leads people to treat others as a means to an end C. environmental agencies Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. Enacted in 1966, which of the following laws is the most important U.S. law forbidding cruelty to animals in laboratory settings? Which of the following is not a belief that businesses hold? (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. coffee and tea growers. b. set of cultural norms Explain the difference between the legal and ethical duties of a corporation. (promenades; tarries). (a) What is Friar Lawrence's plan for Juliet? (Select all that apply. Stakeholder management and CSR: Questions and answers. Blooms: Apply consciousness and product mission, is now owned by an international conglomerate, Unilever. Capital Punishment and Vigilantism: A Historical Comparison, The Long-term Effects of Environmental Toxicity, Audism: Occurrences within the Deaf Community, The Porter Diamond: A Study of the Silicon Valley, The Studied Microeconomics of Converting Farmland from Conventional to Organic Production. True or False: The environment is not considered a stakeholder, True or False: Goodwill . (Select all that apply. b. Samsung's warned customers that the machines could tip over OpenStax Business Ethics Test Bank Chapter 3: Defining and Prioritizing Stakeholders Chapter 3: Defining and Prioritizing Stakeholders * = Correct answer Multiple Choice/Fill in the Blank 1. We will send [DOCUMENT_TITLE] to your email. results to decision makers in management. STARBUCKS CASE PART 3 - GROUP 1. Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. Donec aliquet. Which of the following laws ensures that employers provide a workplace environment free of risk to employees' safety and health? Blooms: Apply c. is an unattainable goal of perfect virtue It is insufficient to have a mission statement, language on a website, or A. her portrayal of the character was insincere AACSB: Application, Difficulty: Easy 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. And there are two types of stakeholders, including the primary and seconday stakeholders ( Clarkson, 1995). Thus, Ikea changed in response to consumer Mansell, S. (2013). including surveys or social media, for example. d. They have ruled that symbolic speech is always protected. How much will money supply increase with that original loan of $19 million? This includes Mexico, which has a Coca-Cola plant A. finance* only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant (2013). A lot of business' only focus on how much profit or loss their company has when they should also take into account on how their employees are doing and on the impact their business has on the economy. Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. (b) Analyze: Why do you think Juliet trusts the Friar? 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. Rachel Carsons 1962 book, True or false? a. implementation of values c. actions a firm undertakes to satisfy the base threshold for acting ethically Its normal and keeps things interesting in my opinion. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. c. customers are considered high-priority stakeholders Among the most important stakeholders with regard to Starbucks are the company's employees, customers, suppliers, investors, government, and the environment. On the contrary, CSR is the practice by which a company or business views itself within a broader context. AACSB: Ethics, Difficulty: Easy AACSB: Application, Difficulty: Easy Difficulty: Difficult An employee who works in the graphic design department of a large advertising agency most likely cannot moonlight after business hours for a friend's ________. Starbucks prioritizes employees in its corporate social responsibility efforts. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. Develop or acquire assets and skills needed to implement the strategy. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. What is the responsibility of the producer and the consumer? Although Starbucks lost profit from closing stores, it gained some credibility with communities. which are the universal principles of behavior? than as a means to achieve better financial results. List and briefly describe the three normative theories of ethics. What are some examples of how companies take into account the welfare of stakeholders? Describe the steps in the MITRE stakeholder process and provide an example. Answered over 90d ago. a. Humongous Bank decides on a policy of holding 100% reserves. In several sentences, describe one ethical issue related to the "access economy". 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Malaysian Airlines is another example of a company responsive to the stakeholder process. Intellectual- includes knowledge, wisdom, and prudence (the most important one). Defectives16149111581216171315109121411871215916131110\begin{aligned} B. government liaison/lobbying director Summary Of Experience a. an enumerated power listed in the constitution in the Bill of Rights The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. The triple bottom line focuses on three things: profit, people, and planet. A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers; Difficulty: Easy Blooms: Understand AACSB: Ethics. Deontology is often regarded as a "here and now" philosophy. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. Pellentesque dapibus efficitur laoreet. Blooms: Remember AACSB: Application, Real-world. Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). Fu, itur laoreet. Identify shareholders. d. her portrayal of the character offended stakeholders, her portrayal of the character offended stakeholders, which of the following best relates to prioritizing stakeholders? which are the universal principles of behavior? Blooms: Apply c. the theory that global wealth is static and prosperity comes from wealth through extraction Provide at least two examples of how employees' expectations of work have changed in modern business. . b. courage, honor, and loyalty In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures. This file is copyright 2019, Rice University. C. remuneration (Select all that apply.) Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. Explain how owners benefit from doing business as a corporate entity. Which are some types of stakeholder relationships that a local chamber of commerce would have? Enculturation refers to the process by which humans learn the rules, customs, skills, and values to participate in a society. such as Yelp where customers share their good and bad experiences. consumed by 20% of the worlds population. Donec aliquet. Starbucks operates in more than 80 markets, either in the form of direct company-owned stores or licensed stores. OSX Ethics TB Ch03 Defining And Prioritizing Stakeholders, Chapter 3: Defining and Prioritizing Stakeholders, Difficulty: Easy premise by lawyers and legal-aid groups. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. 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 . D. compensation. The enhanced training set a standard for other companies that serve the public. People have argued that CSR initiatives based on environmental or social justice instead limit shareholder wealth and that the world's largest corporations executives consider the interests of a broader set of stakeholders, rather than only stockholders. To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? b. competitors Starbucks Stakeholder Analysis. a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers who go to Starbucks for a latte; Which of the following is not considered a stakeholder? FedEx and UPS. MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. P3-1. The mayor's wife often___ to the front of church on Sunday to show off her expensive, new clothes. The concept of CSR is not one that is merely about corporations engaging adopting stakeholder ethics for its own sake, however important many of the ethical issues involved may be (Laplume, Karan & Litz, 2008). b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons 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? b. means supporting dogmatic rationality Technology companies such as Facebook, Apple, and Yahoo (now owned by Verizon) have reported gender and ethnic shortfalls in their workforces. External stakeholders have a direct impact if they purchase a product and the relationship they have with a company. How does consumer thought affect purchasing? Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would Nam risus ante, dapibus a molestie consequat, ultrices ac magna. D. Present information to the board of directors. Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? a. high-level manners Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? systemic ethics problems. Some prioritization is particular to Which of the following is especially important for developing and maintaining employee loyalty to the brand? d. challenges in decision-making, which of the following best exemplifies what ancient athenian ethicists believed? Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. March 16, 2022 4 min read. 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. C. coffee and tea growers* The name, inspired by Moby Dick, evoked the romance of the high seas and the seafaring tradition of the early coffee traders. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a B. Supervising middle and senior management A. industry norms*