Which of the following is an example of a proactive change?
A. Ciara's staff is unhappy about the long hours they have been working and several of them quit before she knows there is a problem.
B. Ciara's group sends a product that is nearing its launch date back to the drawing board based on a competitor's superior new offering.
C. Ciara cannot get permission to hire another person until her group misses several deadlines.
D. Ciara is constantly "putting out fires," responding to daily crises in her group.
E. Ciara explores improvements in bonus structures with her staff and begins to implement them despite the fact that her employees are generally content.
E. Ciara explores improvements in bonus structures with her staff and begins to implement them despite the fact that her employees are generally content.
When managers talk about "putting out fires," they are talking about reactive change, making changes in response to problems or opportunities as they arise. Proactive change or planned change involves making carefully thought-out changes in anticipation of possible or expected problems or opportunities, as is the case with Ciara's exploration of improvements in bonus structure.
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Which of the following are considered to be mandatory information required by a regulatory body?
A. The cost to build an all-new Starbucks restaurant in Abu Dhabi. B. The amount of taxes saved by a merger. C. The total dollar value of fireworks that are sold on July 4. D. Financial reports for the Securities and Exchange Commission.
Which of these is true regarding assessment and monitoring of the ethics of a corporate culture?
A. Ongoing ethics audits can enable organizations to spot weak areas before other stakeholders (internal and external) can spot them. B. Ongoing ethics audits can uncover silent vulnerabilities that could later challenge the firm. C. Ongoing ethics audits can serve as a vital element in risk assessment and prevention. D. Ongoing ethics audits can and do serve all of these functions within an organization.
Which of the following can be deduced from the provisions in the Code of Hammurabi?
a. Unethical business practices existed many thousands of years ago. b. Civilization in ancient Mesopotamia understood that slavery was unethical. c. Unethical business practices appeared with the emergence of capitalism. d. Division of labor reduced the quality of life for workers even in ancient times.
Failure to record amounts earned for services provided to customers but cash not yet received results in which of the following?
A) Net income being overstated B) No effect on total assets C) Stockholders' equity being overstated D) Total assets being understated