Describe the equity standard of allocating the results of a coalition's efforts.
What will be an ideal response?
Those advocating an equity standard argue that anyone who contributed more should receive more, in proportion to the magnitude of the contribution.
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Answer the following statements true (T) or false (F)
1. Max Weber felt that impersonality was a positive attribute of an organization that would lead to better performance. 2. One of the problems with the classical viewpoint is that its principles are too focused on human needs rather than on organizational ones. 3. Fast-food companies including McDonald's have used job specialization, and time and motion studies to increase productivity. This reflects the important contributions of the quantitative viewpoint of management. 4. Motivating employees toward achievement is a focus of the classical viewpoint of management.
If a promisor's performance will satisfy a legal duty that the promisee owes a third party, the third party is a(n) ________.
A. creditor beneficiary. B. donee beneficiary. C. implied beneficiary. D. incidental beneficiary.
Utility company AES has been recognized for its excellent code of conduct. Its five core values include safety, integrity, agility, fun, and excellence, which provide a framework for its code and all business decisions. It has been named one of Ethisphere's "World's Most Ethical Companies." However, AES executives know that a strong code of conduct by itself does not guarantee ethical conduct. Research indicates that the biggest determinant of ethical conduct (or misconduct) at AES likely stems from its _______________.
A. corporate culture B. disciplinary procedures C. adoption of values D. extent of ethics training E. revision of its ethics code
Pacific Whale Corporation reported the following information for 2011 and 2012: Accounts receivable, December 31, 2011 $122,000 Accounts receivable, December 31, 2012 113,000 Sales (all on credit)--2012 850,000 How much cash was received from customers during 2012?
A) $972,000 B) $841,000 C) $859,000 D) $963,000