Which, if any, of the following business activities are likely to be acceptable to business ethicists
a. following local custom and paying bribes to local government officials to secure legal concessions and subsidies.
b. negotiating aggressively with suppliers to secure low input costs.
c. relentlessly pursuing low-cost labor by investing in countries with weaker labor regulations and standards.
d. seeking market expansion, regardless of the likely resulting economic, social or cultural damage.
Answer: b. negotiating aggressively with suppliers to secure low input costs.
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Bhutan has relied on a measure besides economic growth, namely, gross national happiness (GNH). The GNH Index includes all of the following indicators except:
A) psychological well-being. B) community vitality. C) economic vitality. D) environmental diversity. E) living standards.
Which of the following terms best describes the set of products that the customer has no intention of buying?
A) evoked set B) inert set C) purchase set D) latent set
LetsConnect is a three-month-old Internet service provider in the U.S.A. In the last two months, it was discovered that several LetsConnect users exchanged online material that is illegal in the United States
The ISP took no measures to investigate the matter or prevent it. Which of the following holds true in this case? A) The users of LetsConnect are not liable for the material they exchanged. B) The ISP is not liable for the content transmitted over its network. C) The ISP will be prosecuted for abusing the freedom of speech. D) The ISP will be prosecuted for violating the Communications Decency Act.
Discuss why it is generally undesirable for approaches to motivation, compensation, and people management to avoid the use of negative consequences or punishment if performance targets are not achieved or if particular people are habitual underperformers. Does striking a balance between rewards and punishment generally work better?
What will be an ideal response?