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BUS 404 EXAM 1/43 QUESTIONS AND ANSWERS
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BUS 404 EXAM 1/43 QUESTIONS AND ANSWERS
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BUS 404 EXAM 1/43 QUESTIONSAND ANSWERS
what are some factors that may influence public dissatisfaction? - -changing
values, new info, dramatic events, charismatic/persuasive leadership
- what is a stakeholder? - -a group that has an interest in, or is affected by,
the decisions of an organization
- what are the 2 views of corporate social responsibility? - -shareholder-
centric model & corporate citizen model
- what is a shareholder centric model? - -a corporation should address the
social/ethical concerns of its stakeholders only when doing so achieves the
objectives of the shareholders -> maximize long term value
- what is a corporate citizen model? - -a corportaion has "inherent ethical
duties" to satisfy the concerns of its stakeholders by virtue of being a
powerful member of society
- what are some ways in which the shareholder-centric model maximizes
long term value? - -reduces chances of losing expensive lawsuits, reduces
motivation for groups to request expensive new laws and regulations,
reduces chance for negative publicity ......
- what is utilitarianism? - -decisions should provide greatest net benefits to
society
-weigh harms to society against benefits to society
- what is the principle of rights? - -decisions cannot interfere with certain
fundamental right without extraordinary reasons
- what is the principle of justice? - -individuals should be treated "fairly" in
terms of procedures, access to opportunities, distribution of benefits, and
through compensation for harms inflicted on them
- how do you get selected to be a member of supreme court? - -the prez
nominates and then 60 senators must vote in favor of ending a filibuster.
- how do you get selected to be a member of a lower federal court? - -prez
nominates, a majority vote may end a filibuster, life term
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