Describe the five fundamental principles that an ethics policy should address.
What will be an ideal response?
Purpose: The vision for the company and its core values should guide business conduct.
Pride: When people take pride in their work and their company, they are much more likely to be ethical in their dealings.
Patience: Pushing others too hard for short-term results may cause unethical actions sooner or later as it will seem to be the only way to achieve those outcomes.
Persistence: People should stand by their word, as it is the foundation of trust. If the company is not committed to an ethical framework, personal integrity is at risk, as is the reputation of the company.
Perspective: Stopping from time to time to reflect on where the business is going, why it is going that way, and how to plan to get there will allow more confidence that the company is on the right track now and will continue to be in the future.
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Business buyers may get new ideas at a trade show, see an ad, or receive a call from a sales representative who offers a better product or a lower price compared to the current in-supplier. These situations spur the ________ stage
A) problem recognition B) general need description C) order-routine specification D) supplier search E) performance review
Explain the Statute of Frauds
What will be an ideal response?
What percentage of the time is there one person at the machine?
The soda machine outside the lecture hall sees a steady stream of customers throughout the day. While the machine takes 4 seconds to deliver a can of carbonated sugar water once the button is pressed, the student customers introduce variation into the delivery process by pondering their selection for a while. Thus, we can safely say that the service time is governed by a negative exponential probability distribution that averages 10 seconds. Over the course of a twelve hour lecture day, students arrive at the rate of 240 per hour, Poisson distributed of course. A) 56% B) 44% C) 33% D) 22%
A good example of _____________________ is Finland's educational campaign that emphasized their country's impressive achievements.
a. Service branding b. Nation branding c. Product branding d. Product imaging