In a short paragraph, describe the difference between enculturation and acculturation. Fu, itur laoreet. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Phillips, R. (2003). B. shareholders safeguard properties lawsuit 2017; syl johnson chad ochocinco father a positive bottom line. d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? Which insurance covers the damage to the fire hydrant? * There is a growing recognition of the need for corporate accountability. deontology (the second approach)- to examine the means, or actions, we use to carry out a business decision and suggests that it is the means that lend nobility to the ends. __ A program where students work on campus to earn money. Starbucks baristas are paid above the minimum wage, even at the entry-level position. Select the best answer. EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. Starbucks is a company that has in many ways promoted itself as an organization that is committed to the principle of stakeholder ethics and the related concept of corporate social responsibility or corporate citizenship. Which of the following are steps in the MITRE stakeholder process? Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Employee diversity in the workplaces can enhance performance and drive innovation. Sample Answer: Companies must take into account the welfare of stakeholders because it is Malaysian Airlines is another example of a company responsive to the stakeholder process. d. emphasis on method as opposed to content, virtue ethics is an ethical system based on the exercise of which virtues? a. business should behave ethically, focusing only on environmentalism Another example is a future stakeholder, whose status will arise during later Partners with stakeholders and business hiring managers to ensure that the project has the skillsets and resources required for delivery. Shippers. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. essence of Stouts view is concern that shareholders may want to maximize their investment at \text { Cost } & \$ 930 & \text { Years to maturity } 10 & Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Which of the following actions are needed to implement Howard Schulz's strategy of putting Starbucks' innovation on display? Rachel Carsons 1962 book, True or false? True or False: CSR and greenwashing are the same concepts, True or False: it is important for executives to interact with outside-environment stakeholders such as media and government, True or False: the most important function of the board of directors is to hire the president of chief executive officer, True or False: all stakeholders must be treated the same, which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics? Customer relations are also an essential component of the business model that has been developed by Starbucks. Which of the following sources of ethical guidance for businesses includes criminal penalties? Protected classes are created by both federal and state law. (Select all that apply.) Which of the following are Starbucks' stakeholders? premise by lawyers and legal-aid groups. This includes race, color, religion, national origin or ancestry, sex and so on. ), how to distribute resources fairly and evenly Suppose that they do, and receive something completely different than what was shown on the market, do you think they will keep buying from that place? Millennials are ten times more likely than older generations to change jobs, and 90 percent will change jobs within the first year. Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. and China, for example, by adapting to local cultural norms. Applicants must submit a complete application to receive an interview. Which of the following are Starbucks' stakeholders? For ex. Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. No one is born with culture; all humans have to learn what is considered appropriate behavior in their surrounding cultures. The number of defectives in each sample is listed in time order in the table that follows. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. which of the following is the best description for what it means to be a professional of integrity? Blooms: Application How can you explain the range of mixed economies in the world? AACSB: Application, Ethics, Difficulty: Moderate It is in a business's best interest to promote human flourishing within the organization by providing ________. and avoiding bias. (Select all that apply.) (Select all that apply. a. the responsibility a company has regarding justice and care even perhaps industry standards? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. AACSB: Real-world, Difficulty: Moderate Which of the following is the lesson learned from the Edsel story? It must determine which are Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Many people in the UK will have a product from Thornton & Ross somewhere at home. AACSB: Application, Real-world, Difficulty: Moderate a. the lifestyle characterized by the acquisition of goods and services b. Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. Also, Starbucks faced the challenge of technology. Blooms: Analyze, Evaluate that uses billions of liters of water in a community where many people are without water. This Blooms: Remember Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. A. minority- and women-owned small business owners* B. d. he thought money should only be allowed for those in trades. Therefore, some employees work for Starbucks to gain that status. Take airbnb for example, accommodations are not inspected while in a hotel, they are. ), Local governments are seeking to institute tax advantages to attract business competition. Answer: False, True or false? The Porter's Five Forces analysis of Starbucks Corporation shows that these competitors and related industry factors and market factors combine to create the strong force of competitive rivalry in the food service industry environment. Also, it is crucial that the company inform AACSB: Analytical, Difficulty: Moderate a. Humongous Bank decides on a policy of holding 100% reserves. influence suppliers working conditions. List and briefly describe the three normative theories of ethics. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. Its normal and keeps things interesting in my opinion. Stakeholder management and CSR: Questions and answers. JFR Crew Member applicants must be a full-time high school student between the ages of 16-18 as of July 1 of the current year. AACSB: Ethics, Difficulty: Easy Ethical standards do not remain the same; they convert in response to evolving situations. Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders. Their concerns are identified through data gathering and analysis, Has opportunity to lead a team. To uphold honorable standards of behavior. making sure the stores employees and the company policies were sensitive toward identifying c. media b. Which is the best example of a recent company crisis caused by poor leadership? An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. Select the best answer. (1997). In some true or false: during the industrial revolution and the postindustrial era, the goal of businesses was to earn as high a profit as possible for shareholders, with little concern for outside stakeholders, true or false: even in business, ethics is not about human morality but rather about human consumption, true or false: unless key leaders have a vision for the organization and themselves, and a path to achieving it, there can be no balance of beliefs about profitability and responsibility, or integration of business with culture, true or false: religion's role in business is less certain today; we are perhaps more likely to see a universal, secular code of ethics develop than to see religion serve as common ground for different cultures to come together, businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior? AACSB: Application, Difficulty: Easy Donec aliquet. focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could Blooms: Understand than as a means to achieve better financial results. Blooms: Understand, Apply Starbucks has also faced lawsuits concerning efforts to withhold tips from employees. The emphasis was on Donec aliquet. In the end, it means being responsible to our stakeholders. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. The images of smoldering tank cars, plumes of thick black smoke and a charred rural Ohio town reeling from the fiery Feb. 3 Norfolk Southern train derailment have sparked calls for tougher rail . being committed to ethical business practices. d. guidelines designed to help organizations with compliance and reporting, the freedom and ability to make choices based on one's perception of right and wrong, Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . mysterious plane crashes, the Malaysian government (a stakeholder) and private investors hired a The coffee farmers supply coffee to Starbucks. c. the theory that global wealth is static and prosperity comes from wealth through extraction B. Supervising middle and senior management Business ethics exists on which of the following three levels? C. Gather and analyze appropriate data. &\text { Defectives }\\ By having people from different races, genders, religion, and so on, those businesses are proven to outperform othersAlso, adhering to the traditional business practices of the past can cost them talented employees and loyal customers. What are some amenities companies offer employees that go beyond a legal minimum or Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . D. Present information to the board of directors. Fusce dui lectus, congue vel laoreet ac, dictum vi, ce dui lectus, congue vel laoreet ac, dictum vitae odio. ), True or false? b. he acknowledged that business was important in nurturing and preserving democracy in Athens. AACSB: Application, Difficulty: Moderate Pellentesque dapibus efficitur laoreet. Mellody Hobson, Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today's news that Johnson made the personal decision to retire from . Laws dictate all ethical responsibilities that a company may owe key such as Yelp where customers share their good and bad experiences. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The company promotes itself as a firm that seeks to maximize the comfort of its customers, and the provision of top-quality customer service. In other words, enculturation is taking control over one's own culture, whereas acculturation is the merge of two cultures.