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BUS 201 - (Sanford) Final Exam 2024/2025 Questions With Completed & Verified Solutions.
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BUS 201 - (Sanford) Final Exam 2024/2025 Questions With Completed & Verified Solutions.
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BUS 201 - (Sanford) Final ExamIn the video and outline material on ethics, professor Sanford has suggested that someday,
someone will ask you to do something that you know or feel is wrong. What did professor
Sanford suggest that you should do when this happens? - ANS View this as an opportunity to let
others know who you really are and tell them that you do not engage in activity that you feel or
know is wrong.
Professor Sanford has emphasized in the ethics material that good character matters. In
re-enforcing this concept, Sanford discussed a mother's letter to her daughter where the mother
told her daughter to never fall for a boy because he was good-looking. She wanted her daughter
to look for integrity. She told her daughter that if her daughter settled for anything less than
honorable character, it would lead to heartache and disappointment. - ANS Professor Sanford
believes this to be true.
In the video lecture / related outline, professor Sanford discussed B-Corps. Why does professor
Sanford like B-Corp's and why does professor Sanford encourage students to do business with
B-Corp's? - ANS B-Corp's are committed to the 3BL (profits, people, planet)
Brewery Vivant and Herman Miller, both businesses in West Michigan, have each qualified for
"B-Corp" status. - ANS False
Why does GVSU have or use to have "meatless Mondays?" - ANS GVSU, as a sustainability
leader, wants to help GVSU and students reduce their "carbon footprint." Eating less meat helps
reduce the production of greenhouse gases, a by-product of raising animals for meat.
Based on video / outline discussion, what is corporate social responsibility (CSR)? - ANS The
deliberate inclusion of public interest into corporate decision-making & the 3BL.
When it comes to sustainability, professor Sanford discussed that each of us can do little things
that can have impact on improving the environment. Leaving the planet better than we found it
is a good thing to do. - ANS True
In the video lecture / related class outline, we talked about various individuals who did some
"bad things." For example, we talked about an attorney who abused his position by requesting
"quid pro quo." Also, we talked about two GVSU students who stole a purse from another
student. Professor Sanford suggested in the class material that these people engaged in bad,
unethical conduct for the following reason(s) / select the best answer.
a. On a daily basis these individuals do not practice "doing the right thing"
b. These individuals do not have a good ethical compass that they regularly follow
c. These individuals do not remember that they will "reap what they sow"
d. All of the choices are correct - ANS All of the choices are correct
, Subaru, the car, is manufactured in Lafayette, Indiana. Subaru promotes their car as a "green
machine" from a green manufacturing process. Subaru advertises that they reduce their
environmental footprint by - ANS Achieving zero landfill status
Professor Sanford believes it is important for GVSU students to be "ethical" and do the "right
thing" as students, as future business / community leaders, and as future parents (role models
for children). In getting students to think about "ethics" professor Sanford has suggested there
are three approaches to discussing this important topic. One, read, study, and discuss a chapter
on ethics in a textbook. Two, talk about how students developed their own ethical compass by
considering everything the student has learned in life from his or her parents, church, school,
coaches, etc. Three, the "Sanford Approach" of practicing daily doing the "right thing" so as to
develop a pattern of good choices that over time, leads to good character, good ethics, and
good business leadership. Professor Sanford believes all three approaches have merit and
recommends the approach the student thinks is best given the student's beliefs, - ANS The
Sanford Approach.
in August of 2019, the Business Roundtable, a group of leading business executives, offered a
new definition of the purpose of the corporation. Business as usual was no longer acceptable.
Business managers should not only manage to make a profit but should manage to help make
the world better by addressing various social issues. These issues include improving the
environment, doing more the employees and the people of the world, and even addressing the
issues of diversity in the workplace. Overall, this statement is - ANS true
Professor Sanford believes it is important for parents to model good ethical behavior so their
children learn the importance of good character. Children will learn not from what parents say
but what parents do. For example, we discussed how Lori Loughlin helped her daughter get into
college. Sanford thought Lori Loughlin modeled good, ethical behavior in helping her daughter. -
ANS false
In the Brewery Vivant article that was included in the reading material, professor Sanford likes
this West Michigan business because - ANS Brewery Vivant is a B Corp committed to the 3BL
(triple-bottom-line)
The enlightened business leader will manage considering the 3BL (triple bottom line). Profits,
the planet, and the people of the community / the world are all important elements when making
business decisions. This change in business thinking started within two years after the Earth
Summit in 1992. The primary purpose of the Earth Summit was? - ANS To limit the growth of
global warming and address issues of climate change.
Professor Sanford believes that the timeless values on honesty, kindness, courage, and fidelity
matter. Professor Sanford believes that being ethical and having good character in business and
in life is very important. Further professor Sanford believes that honest, ethical business people
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