Discuss briefly the state of business ethics in recent times, including 2012, the "summer of shame."
What will be an ideal response?
• Bernie Madoff's investment advisory firm bilked investors out of $7.3 billion.
• Irving H. Picard received permission to claw back profits from those Madoff rewarded in his Ponzi scheme.
• R. Allan Stafford swindled 30,000 investors from 113 countries over two decades.
• Rajat Gupta, former McKinsey CEO, fed insider information to convicted hedge fund felon Raj Rajaratnam.
• Bear Stearns and Lehman Brothers went out of business.
• Committing fraud and being greedy were among their major transgressions.
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an organizations focus is on innovation, creativity, and flexibility and take high risks in order to accelerate growth and gain competitive advantage, then they are persuing which organizational strategy?
a. Defender b. Reactor c. Prospector d. Analyzer
A company has a goal to maintain the current employment level, but places more importance on laying employees off than on hiring new employees. In other words, the company would rather hire than lay off employees
If the company assigns a "penalty weight" of 4 for the amount under the employment goal (goal 2) and a weight of 2 for the amount over the employment goal, how would this be expressed in the objective function? A) Min 4P2d2- + 2P2d2+ B) Min 2P2d2- + 4P2d2+ C) Max 4P2d2- + 2P2d2+ D) Min 4P2d2+ + 2P2d2-
Which of the following statements about supply chains is true?
A. A supply chain always includes at least two channels of distribution. B. Logistics functions are not shifted or shared among the firms in the chain of supply. C. Firms never outsource the whole job of planning and implementing their logistics systems. D. All the firms in the chain of supply should work together to meet the needs of the customer at the end of the chain. E. None of these answers is correct.
When the exchange rate for the euro changes from $0.90 to $0.85, then holding everything else constant, the euro has depreciated and American wheat sold in Germany becomes more expensive
Indicate whether the statement is true or false