Answer the following statement(s) true (T) or false (F)
1. Business ethics were, at one time, a very important issue in our country, but are no longer a major concern.
2. The utilitarian moral philosophy essentially focuses on individual rights and values.
3. A code of ethics is a written statement in which an organization states what behaviors the organization considers to be ethical.
4. Whistle-blowers are employees who picket an organization while blowing whistles to alert the public to unethical organizational behavior.
5. Employee ethical behavior is often dependent upon the tone and actions of top-level management.
1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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A crisis management plan should
A) define operational procedures and outline communication tasks and responsibilities. B) make provisions for concealing operational issues from the news media. C) avoid limitations on who is authorized to speak on behalf of the company. D) never include contact information for key executives and personnel. E) be built based on small business standards.
Products Uno, Dos, Tres, and Quatro have contribution margins of $2, $3, $4, and $5, respectively, and require 1.5, 2, 2.5, and 3 machine hours per unit, respectively. Assuming that all units produced could be sold and that total machine hours per month are limited, on which product should the company concentrate its efforts?
a. Dos b. Quatro c. Uno d. Tres
A _________ occurs when the subsidiary’s shares are distributed to the combinor’s shareholders in exchange for shares of the parent’s stock.
a. spin-off b. split-off c. split-up d. sell-off
What is the first step in leaving a legacy?
a. Using a planning calendar b. Writing a personal mission statement c. Earning lots of money d. Seeing your name in the media