Explain how the presence of a wild turkey can be a positive force in the management.
What will be an ideal response?
Answers will vary. The presence of a wild turkey in the top management team can be a particularly positive force. The wild turkey is a devil's advocate who challenges the thinking of the CEO and other top executives and provides a counterpoint during debates. If not shouted down or inhibited, the wild turkey helps the CEO and the team sustain peak performance and retard the CEO's dysfunction and decline. Please see the section "Upper Echelons: Teams at the Top" for more information.
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What would be the effect on book value per share and earnings per share if a corporation purchased its own shares in the open market at a price greater than the book value per share?
a. Increase both book value per share and earnings per share b. Decrease both book value per share and earnings per share c. Decrease book value per share and increase earnings per share d. No effect on book value but increase earnings per share
Which of the following statements is true about the pyramid model of corporate social responsibility?
a. It states that philanthropy should be the most important function of a corporation. b. It states that the economic responsibility of a corporation provides the foundation for its other responsibilities. c. It states that governments and nonprofit organizations and not corporations should carry out social responsibility functions. d. It states that social responsibility efforts should be focused on the external and not the internal stakeholders of a corporation.
Which ethical decision-making approach focuses on the amount of people that will benefit?
a. Rights approach b. Justice approach c. Utilitarian approach d. Objectivity approach
What does the concept of equivalent units of production allow businesses to measure?
What will be an ideal response