Describe how you would incorporate ethics into the plan for your business.
What will be an ideal response?
Most ethical decisions are in the “gray area” and thus are hard to plan for. A company plan should outline the framework for ethical behavior. Ethical behavior should be defined in the corporate plan as well as how ethical management will be rewarded. The methods of training should be discussed as well as how ethics will be communicated to customers, employees, and investors.
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During which managerial function do you make a blueprint for action that describes what you need to do to realize your goals?
A. Organizing B. Leading C. Controlling D. Defining E. Planning
A refusal occurs when a respondent reaches a certain point, and then decides not to answer any more questions for the survey
Indicate whether the statement is true or false
When she is not working, Sugi trains to run marathons. She wishes she had more time to travel to various races but work keeps her busy. Kevin does not want time off work. He needs to earn as much overtime as possible to pay off his college loans. The company recently offered either a week’s pay or a week off as the bonus to the salesperson who made the most sales. Both Sugi and Marcus worked hard to win. Which advantage of individual incentives does this illustrate?
A. They make it easy to evaluate individual employees. B. They offer the ability to match rewards to employee desires. C. They promote the link between performance and results. D. They may motivate less productive employees to work harder.
Interstate Paving & Surfacing, Inc, issues bonds. Bonds A) are issued by businesses only
B) are referred to as fixed-income securities. C) feature voting rights. D) require periodic interest payments from their owners.