Milton friedman Studienführer, Klassennotizen & Zusammenfassungen

Saylor Academy BUS101 Questions and Answers Graded A Social Benefit The total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory The belief that business is a community of participants organized around a common purpose. These participants have...

What is a normative argument? - It is about what ought to be done according to a someone's value position. Stakeholders interests are... - Joint Who are typically considered primary stakeholders? - Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? - Ed Freeman According to stakeholder theory, how can trade-offs be resolved? - By leveraging imagination/creativity. What is an instrumental view on stakeholder theory? - Belie...

Development - Development is a sustained increase in the standard of living and well-being of a level of social organization. Many consider it to involve increased income; better access to basic goods and services; improvements in education, healthcare, and public health; well-functioning institutions; decreased inequality; reduced poverty and unemployment; and more sustainable production and consumption patterns. The focus on development debates in contemporary global politics is on issues ...

reason to study business ethics correct answers Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that businesses can integrate ethics in their decision-making. are ethics and ethos the same thing correct answers no legitimate challenges to utilitarian ethical theory (theres 4) correct answers There is no consensus among utilitarians on how to measure and d...

Saylor Academy BUS101 Exam Questios with 100% correct Answers Social Benefit - answerThe total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory - answerThe belief that business is a community of participants organized around a common purpose. T...

Ethics Test Banks Exam Questions With Answers All Correct What is Crane and Matten's definition of sustainability - ANSWER sustainability refers to the long-term maintenance of systems according to the environmental economic and social considerations One attempt to address social elements is the UN's Millennium Development Goals (MDGs), which is a set of 8 goals to be achieved by 2015. Which of the following is not an MDG? - ANSWER Reduce domestic violence In his influenti...

Econ 252 Exam 3 Latest Update Graded A Recession episodes of negative economic growth lasting at least two quarters Expansion a period of positive growth. Expansions are periods between recessions. Co-movement Many aggregate macroeconomic variables grow or contract together during booms and busts, exhibiting a pattern of positive or negative co-movement. Variables such as real consumption, real investment, and employment move positively with real GDP: Pro-cyclical. Variables such as unemployme...

What is a normative argument? correct answers It is about what ought to be done according to a someone's value position. Stakeholders interests are... correct answers Joint Who are typically considered primary stakeholders? correct answers Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? correct answers Ed Freeman According to stakeholder theory, how can trade-offs be resolved? correct answers By leveraging imagination/crea...

Saylor Academy BUS101 Exam Questios with 100% correct Answers Social Benefit - answerThe total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory - answerThe belief that business is a community of participants organized around a common purpose. T...

Ch 5 Ethics CSR Exam Questions and Answers All Correct Legislators created a form of business called corporations to encourage people to engage in business activities. - ANSWER True According to the Economic Model of CSR, the social responsibility of business managers is not only to pursue profit within the law, but also to share a small percentage of this profit for activities that would benefit the society. - ANSWER False In the classic 1970 New York Times article, "Th...