"Is the proposed action legal? If yes, does the proposed action maximize shareholder value? If yes, is the proposed action ethical? If no, would it be ethical to take the proposed action?" These four questions, which managers of all organizations should ask when confronted with a decision on an action, form the basis of
A. Maslow's hierarchy of needs.
B. the stakeholder's value statement.
C. Frank Gilbreth's code of ethical conduct.
D. Bagley's ethical decision tree.
E. the Sarbanes-Oxley Act of 2002.
D. Bagley's ethical decision tree.
According to Bagley's ethical decision tree, when confronted with any proposed action for which a decision is required, a manager should ask the following questions: (1) Is the proposed action legal? (2) If yes, does the proposed action maximize shareholder value? (3) If yes, is the proposed action ethical? (4) If no, would it be ethical to take the proposed action?
You might also like to view...
Which is not part of a corporate image?
A) tangible elements B) intangible elements C) what the company stands for as well as how it is known in the marketplace D) governmental regulations that affect the company
At the maturity of the product life cycle, competition is generic and the job of the marketing manager is to convince potential customers that the new product satisfies their needs better than an existing substitute
Indicate whether the statement is true or false
Which model of planned change explains how to initiate, manage, and stabilize the change process?
A. the DADA syndrome B. organizational intervention C. Kotter’s forces for change D. Lewin’s basic change model
Under the current rate method, common stock would be translated at what rate?
A. Current rate. B. Beginning of the year rate. C. Average rate. D. Composite amount. E. Historical rate.