Law and ethics are not synonymous. Elaborate on this statement with the help of an example.
What will be an ideal response?
Student examples will vary. A sample answer follows.
Law and ethics are not synonymous. This distinction is important. Staying within the law is a minimum acceptable standard. A note of caution is therefore in order, though: A manager's actions can be completely legal, but ethically questionable. For example, consider the actions of mortgage-loan officers who-being incentivized by commissions-persuaded unsuspecting consumers to sign up for exotic mortgages, such as "option ARMs." These mortgages offer borrowers the choice to pay less than the required interest, which is then added to the principal while the interest rate can adjust upward. Such actions may be legal, but they are unethical, especially if there are indications that the borrower might be unable to repay the mortgage once the interest rate moves up.
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List at least three factors that can help you decide what parts to include in a business report
What will be an ideal response?
A retail mix is developed to
A. understand the retail market. B. implement vertical integration. C. promote scrambled merchandising. D. implement a retail strategy. E. formulate a retail strategy.
The opening of a blog should A) identify a need and propose to solve the problem
B) include a call to action. C) provide examples, quotations and testimonials, or statistics. D) include your name and title.
A small manufacturer that offers "hand crafted" furniture has developed a new style of desk that they believe will be very successful in the marketplace. It is expected that the first desk will take about 60 hours of craftsmen's time to complete
They expect a 90% learning curve for this desk. How long will it take to make the 20th desk? The firm is considering accepting an order for 25 desks. How many hours of labor will this require for all 25?