d. cap and trade tax, a " moral minimum" means which of the following? B. occurs during the monthly vulnerability scanning. It is insufficient to have a mission statement, language on a website, or Sample Answer: Customers are articulate about their views of a company. Starbucks continually emphasizes its commitment to corporate social responsibility. simply advertising. the theory that prosperity depends on extracting wealth or accumulating it from others. people do not need some of the promoted products or services. Milk, which is a main ingredient of the ice cream, is often sourced from confined-animal feeding In the case of Coca-Cola, its website discusses stakeholder engagement in a We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . In Richard DeGeorge's humanities model, business ethics would prepare students to do certain specific things. What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. good for business and the right thing to do from an ethical standpoint. The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). c. is an unattainable goal of perfect virtue A. milk producers* B. urban and suburban communities* C. coffee and tea growers* D. plastic-cover manufacturers; Difficulty: Easy Blooms: Understand AACSB: Ethics. A firm's vision is the foundation for its mission. Starbucks confirmed the results of the vote to CNN Business. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Nam lacinia pulvinar tortor nec facilisis. Starbucks baristas are paid above the minimum wage, even at the entry-level position. Culture and ethics cannot be separated, because ethical norms have been established over time by, and make sense to, people who share the same background, language, and customs. AACSB: Application, Difficulty: Easy a positive bottom line. AACSB: Real-world, Difficulty: Moderate AACSB: Real-world, C. greenwashing In China, Ikea allows its visitors to take naps on 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. c. marketing standards of behavior for professional and personal lives, to uphold honorable standards of behavior. We will send [DOCUMENT_TITLE] to your email. (Select all that apply.) Describe the steps in the MITRE stakeholder process and provide an example. AACSB: Real-world, Difficulty: Easy . Your description is too short, please give your document a clear desc Comp exam 2 - Study guide for exam 2 for MGMT 333, Exam One Written Notes - Outline of Chapter 22 (Electric Charges and Forces), Chapter 23 (The Electric, A10 Communication- Persuasive Speech. Which of the following are Starbucks' key stakeholders? 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 . Cambridge: Cambridge University Press. stakeholder needs. MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? Mitchell, R. K., Agle, B. R. & Wood, D. J. c. customers are considered high-priority stakeholders It Download Assets. In the case of Dodge v. Ford Motor Company, the Michigan Supreme Court ruled in favor of shareholder primacy. What was the decision? Coffee producers are a major stakeholder for Starbucks because the firm has staked its reputation on high quality coffee. (promenades; tarries). Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). Donec aliquet. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. 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. which of the following is the best description for what it means to be a professional of integrity? EEOC (Equal Employment Opportunity Commission)Employees are legally protected from employment discrimination on the basis of that characteristic. Yet there Blooms: Analyze, Evaluate Stakeholder ethics involves a body of thought which insists that the ethical responsibilities of corporations extend not only to the shareholders but also to the full range of interests that are impacted by corporate activity. AACSB: Application, Difficulty: Easy Decaf Coffee Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR . U.S. firms and their employees are allowed to use bribery in other countries if allowed by local legal and cultural differences. &\begin{array}{ccccccccccccc} welfare for two reasons: It is good for business and the right thing to do. the belief that business is not culturally neutral. Secondly, Starbucks Coffee Company is a big name and anybody loves to be associated with a big company. b. the doctrine that a corporation has some of the same legal rights and responsibilities enjoyed by natural persons One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. systemic ethics problems. Fu, itur laoreet. (Select all that apply. a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers who go to Starbucks for a latte Which insurance covers the damage to the fire hydrant? the cost of stakeholders. Blooms: Apply Misunderstanding and lack of communication tend to happen even more. Mansell, S. (2013). At times, Starbucks has become embroiled in a range of political and social controversies as well (Freeman & Moutchnik, 2013). It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. c. methodology for arriving at the truth Athenian philosophical theories of ethics are no longer applicable in contemporary times, Which of the following describe original position? ), religious beliefs His expertise also extends to areas such as leadership, corporate responsibility and business strategy. c. Samsung assumed the risk of exposure and picked up the washers CSR ensures that a company is engaging in sound ethical practices and policies in accordance with the company's culture and mission, above and beyond any mandatory legal standards. \end{array} have? consumed by 20% of the worlds population. welfare. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. D. Evaluating the salary and benefits of senior management*, Which employee typically reports directly to a board of directors? ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. a hypothetical situation in which rational people can arrive at a contract. Interacts directly with business stakeholders to understand business problems and to communicate ramifications of technical options; Presents recommendations clearly and persuasively to support business stakeholder decisions; Influences and negotiates with business and technology teams across Starbucks to resolve issues Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. This incident caused a global (Select all that apply. Starbucks Stakeholder Analysis. From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. A firm's vision is the foundation for its mission. Summary Of Experience Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Today, it is a global roaster and retailer of coffee with more than 24,000 stores, 40% of which are in some 70 countries worldwide. b. globalization ), Explore over 16 million step-by-step answers from our library, icitur laoreet. B. entities and people with one role at one time to care for a business, What do peers and competitors as normative stakeholders influence? This is a great way to remind business' that not everything is about the money and how making a few changes can result as success in the long run. Blooms: Remember AACSB: Reflection, Difficulty: Difficult f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 b. code of ethics Pellentesque dapibus efficitur laoreet. How much will money supply increase with that original loan of $19 million? b. Samsung's warned customers that the machines could tip over governance views, shareholders and boards of directors are given priority. How can entrepreneurs best ensure their customer-service vision is passed on to employees? Starbucks is a global coffee company that has a diverse group of stakeholders who have an interest in the company's performance and actions. Each employee prides in working in an organization that acknowledges his efforts. (a) What is Friar Lawrence's plan for Juliet? PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events In the most generic form of stakeholder groups, Starbucks has an effect on its Employees, Customers, Community, Suppliers, Shareholders, Government, and Competitors. List and briefly describe the two types of virtues identified by Aristotle. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Blooms: Remember company. Do companies have the responsibility to market their products with integrity? To achieve a greater degree of diversity in the workplace, managers' goals should encompass which of the following? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Media While a power-interest grid is usually used to determine the key stakeholders of a business on an ongoing basis, it can also be used to focus on key aspects of a short-term challenge or situation. a. courage, decorum, and accountability Blooms: Understand c. her portrayal of the character offended shareholders There are also organizations. Which of the following is an example of an external stakeholder of an organization? Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. Pellentesque dapibus efficitur laoreet. b. set of cultural norms The way corporations pay their "duties" to the owners is by distributing the profits to shareholders in the form of dividends after earning revenue and deducting expenses. a. community Which of the following are considered intellectual virtues? 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ It must determine which are Additionally, the company maintains a range of opportunities for internal promotion. stresses that a company must sustain trust with stakeholders. ), milk producers c. he believed one secures one's own good outside of political science Answer: True, True or false? Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions? 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. A. industry norms* For the fiscal year 2022, group revenue increased by 55 per cent to $1.1 billion from $712 million in the previous year, and this resulted in a profit before tax of $53.7 million compared to a . Cell differentiation and specialisation - GCSE, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. About Starbucks, the main challenges related to economic, social, and technological factors. Find the absolute maximum and minimum, if either exists, for each function on the indicated intervals. This is viewed Lorem ipsum dolor sit amet, consectetur adipiscing elit. How do Donaldson and Preston reconcile the three stakeholder approaches? Operations Management questions and answers. A. c. Citizens United Every country has their own preferences; from the food they eat to even the the type of cloth they to wear. Henry Ford must operate Ford Motor Company primarily to maximize profit for its shareholders. Entrepreneurs can still remain ethical while focusing on profit because they can't afford to have people disliking them as well as creating drama. 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 . 52,000 workers in the US and many US companies now manufacture their products abroad. AACSB: Application, Analytical, Difficulty: Moderate . Pay Range : $123,600- $193,200/ annually. being committed to ethical business practices. Maybe complaining online or in customer service reviews would be Stakeholders: Essentially contested or just confused? How are Ben & Jerrys and Coca-Cola respective examples of greenwashing? In the United States, Ikea displays Speaking at the annual shareholders meeting in . c. ethics is the guiding principle for dealing with others Their concerns are identified through data gathering and analysis, B. government liaison/lobbying director Freeman, R. E. & Moutchnik, A. (Select all that apply.) Which of the following are Starbucks' stakeholders? C. legislatures CAFOs are condemned by animal rights activists as being harmful to the
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