Outline the benefits and risks of the use of international suppliers
The benefits are reduced costs. However, the risks are that there can be backlash and brand damage from low wages or reporting of poor conditions. There is an underlying risk that you cannot always be there and don't know what is going on – requires reliable monitoring, contract terms, and surprise visits to be sure that the operations are clean. Seems like no company has been able to do it without incident.
UNIT SEVEN – ETHICS, BUSINESS OPERATIONS, AND RIGHTS
True/False Questions
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Product lifecycle management (PLM) systems are ERP modules or enterprise system add-ons that organize data by product, including designs, manufacturing specifications, quality, and warranty performance
Indicate whether the statement is true or false
After salesperson Danny O'Reilly has made a sale, he asks his customer if she knows of anyone else who might also be interested in buying his products. Referrals such as these are one method used in ________
A) prospecting B) cold calling C) the preapproach D) qualifying E) completing follow-up
Mandatory public reporting of financial information:
a. enhances the perceived fairness of the capital market. b. increases the total cost to society of obtaining the information. c. results in costs greater than benefits. d. requires companies to generate a lot of information that would not otherwise be produced by its accounting system.
When appraising an automobile mechanic, Mac based his appraisal on the individual’s performance doing routine maintenance and repairs on cars. It appears that Mac is basing his appraisal on ________.
A. traits B. behaviors C. results D. incidents E. None of the above