MAN 320F Exam 3 (Aroian) | High-Yield Questions
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and Well Accurate | Most Frequently Tested
Questions | Graded A+ ,Reviewed and
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Martha McCaskey works for a division of Praxis that specializes in industry
analysis. McCaskey's current project requires her to obtain proprietary
information about the competitor of her client. All solutions to successfully
complete the project result in a compromise of McCaskey's values.
ANS:<< information,values
The first alternative includes setting up another meeting with Devon and paying
him the $4000 for the information needed. McCaskey feels uncomfortable with
this alternative because it compromises her personal values of honesty and
integrity. However, she is also lacking confidence in whether this really is just a
"gentleman's industrial espionage" - something that sounds less dishonest.
ANS:<< Devon,4000,uncomfortable
The last alternative includes McCaskey deciding to not finish the project and
leave Praxis completely. She feels the company has put her in a difficult position
where she is to compromise her values. Consequently, she may choose to leave
Praxis and seek a company with corporate values that better suit her personal
values. In this alternative, McCaskey also must decide whether to still inform her
direct superiors, Praxis executives, and possibly the companies that the
proprietary information is being gathered about. Again, in these decisions,
McCaskey may be committing herself to drawn out investigations or possibly
hurting her reputation in the industry.
ANS:<< leave
The second alternative includes her handing over the second interview with
Devon to Kaufmann. Kauffmann has much experience in obtaining information
,that is considered proprietary in the past. In addition, McCaskey will still be
promoted to group manager if she does not conduct the second interview with
Devon herself. As long as Praxis collects the necessary information about the
manufacturing processes and costs for building a new type of computer chip
McCaskey will be promoted. The main problem with this course of action is that
it still conflicts with McCaskey's personal values of honesty and integrity. The
main benefit is that she can rationalize that her hands are slightly less dirty in
the process.
ANS:<< Kauffmann ,information ,honesty ,integrity ,less
The third alternative includes McCaskey reporting this unethical behavior to a
superior of Praxis. Because there are no formal written guidelines that
discourages a Praxis employee to gain what may be considered proprietary
information by paying a large sum to a contact, McCaskey must present this
information to upper management that will enforce regulations to be met. In
addition, Praxis is made up of four divisions with the Industry Analysis Division
very separate from the other three branches. These branches may be unaware
of the practices taking place in Industry Analysis Division; therefore, McCaskey
may feel it is pertinent to inform them of such practices. This would be a
courageous move for McCaskey and may carry great benefits. If guidelines are
set she may feel her personal values are more compatible with Praxis's and
more importantly Industry Analysis's values; thus, she will continue working for
Praxis. However, it is possible even though, Praxis' company regards itself
highly in terms of "professional standards" (page 2), they may be uninterested in
hearing McCaskey's side and handling the situation. McCaskey is also putting
her job on the line if she chooses this alternative to the dismay of her IAD
superiors. She may also be committing herself to engaging in a long, drawn out
investigation of IAD's practices.
ANS:<< reporting,behavior
In conclusion, we strongly believe it is best for McCaskey to quit Praxis and find
other employment that more accurately aligns with her personal values, and if,
the situation ever arises where she is questioned about the practices at IAD
later on, she should comply and disclose any information on the practices.
ANS:<< quit,disclose
They talk about ethics, but do not actually display ethical behavior.
ANS:<< talk,display
,Martha is an honest and upright person, but has done something that are
unethical.
ANS:<< honest,unethical
Martha has started to go down that slippery slope.
ANS:<< slope
Martha's boss changing information on her slides to change what their research
is about.
ANS:<< changing
When you have add all those little unethical behavior, it makes the organization
unethical.
ANS:<< add,unethical,unethical
What are the 3 top sources of start up funding?
ANSWER:
Venture Capita ($18 B), State Funds ($4 B), Angel Investors ($35 B), Three F's
(friends, family, fools - $60 B)
Size of investment?
ANSWER:
250,000 - 500,000
Top 3 investment categories?
ANSWER:
Medical devices & equipment, Software, biotechnology
Where do VC's invest?
ANSWER:
close to home ("in their backyard"), 2 hour drive
Why do Angel groups often pay over value for investments ?
ANSWER:
bc potential ROI
What is the percentage of successful deals for VC?
, ANSWER:
20% make up for 80% that dont matter
What is important to note about the seed/early stage?
ANSWER:
preferred investment/company stage
Where do I get the money to invest?
ANSWER:
pension funds, insurance companies, endowments, foundations, HIGH NET
WoRTH INDIVIDUALS (not what you know but who you know)
What is a Venture Capitalist?
ANSWER:
equity investments made to fund the launch or early development, or expansion
of a private and quite young company.
What kind of return does a VC expect?
ANSWER:
higher than average return
Who will a VC fund?
ANSWER:
Entrepreneur; someone who assumes the financial risk of beginning and
managing a new venture
What does a "perfect" investment opportunity look like?
ANSWER:
-an experienced/proven management team
-a great idea/concept that is proprietary
-something that cannot be duplicated
-a product or service that 7 billion humans will buy
-a great rate of return on investment
-intellectual property that is protected by patents or trademarks
-Zero risk, which does not exist (PERFECT INVESTMENT DOES NOT EXIST BC
fundamental laws of business)
&Answers, Study Guide|100% Guarantee Pass
and Well Accurate | Most Frequently Tested
Questions | Graded A+ ,Reviewed and
Rationalized | Newest Version and Brand New!!!!
Martha McCaskey works for a division of Praxis that specializes in industry
analysis. McCaskey's current project requires her to obtain proprietary
information about the competitor of her client. All solutions to successfully
complete the project result in a compromise of McCaskey's values.
ANS:<< information,values
The first alternative includes setting up another meeting with Devon and paying
him the $4000 for the information needed. McCaskey feels uncomfortable with
this alternative because it compromises her personal values of honesty and
integrity. However, she is also lacking confidence in whether this really is just a
"gentleman's industrial espionage" - something that sounds less dishonest.
ANS:<< Devon,4000,uncomfortable
The last alternative includes McCaskey deciding to not finish the project and
leave Praxis completely. She feels the company has put her in a difficult position
where she is to compromise her values. Consequently, she may choose to leave
Praxis and seek a company with corporate values that better suit her personal
values. In this alternative, McCaskey also must decide whether to still inform her
direct superiors, Praxis executives, and possibly the companies that the
proprietary information is being gathered about. Again, in these decisions,
McCaskey may be committing herself to drawn out investigations or possibly
hurting her reputation in the industry.
ANS:<< leave
The second alternative includes her handing over the second interview with
Devon to Kaufmann. Kauffmann has much experience in obtaining information
,that is considered proprietary in the past. In addition, McCaskey will still be
promoted to group manager if she does not conduct the second interview with
Devon herself. As long as Praxis collects the necessary information about the
manufacturing processes and costs for building a new type of computer chip
McCaskey will be promoted. The main problem with this course of action is that
it still conflicts with McCaskey's personal values of honesty and integrity. The
main benefit is that she can rationalize that her hands are slightly less dirty in
the process.
ANS:<< Kauffmann ,information ,honesty ,integrity ,less
The third alternative includes McCaskey reporting this unethical behavior to a
superior of Praxis. Because there are no formal written guidelines that
discourages a Praxis employee to gain what may be considered proprietary
information by paying a large sum to a contact, McCaskey must present this
information to upper management that will enforce regulations to be met. In
addition, Praxis is made up of four divisions with the Industry Analysis Division
very separate from the other three branches. These branches may be unaware
of the practices taking place in Industry Analysis Division; therefore, McCaskey
may feel it is pertinent to inform them of such practices. This would be a
courageous move for McCaskey and may carry great benefits. If guidelines are
set she may feel her personal values are more compatible with Praxis's and
more importantly Industry Analysis's values; thus, she will continue working for
Praxis. However, it is possible even though, Praxis' company regards itself
highly in terms of "professional standards" (page 2), they may be uninterested in
hearing McCaskey's side and handling the situation. McCaskey is also putting
her job on the line if she chooses this alternative to the dismay of her IAD
superiors. She may also be committing herself to engaging in a long, drawn out
investigation of IAD's practices.
ANS:<< reporting,behavior
In conclusion, we strongly believe it is best for McCaskey to quit Praxis and find
other employment that more accurately aligns with her personal values, and if,
the situation ever arises where she is questioned about the practices at IAD
later on, she should comply and disclose any information on the practices.
ANS:<< quit,disclose
They talk about ethics, but do not actually display ethical behavior.
ANS:<< talk,display
,Martha is an honest and upright person, but has done something that are
unethical.
ANS:<< honest,unethical
Martha has started to go down that slippery slope.
ANS:<< slope
Martha's boss changing information on her slides to change what their research
is about.
ANS:<< changing
When you have add all those little unethical behavior, it makes the organization
unethical.
ANS:<< add,unethical,unethical
What are the 3 top sources of start up funding?
ANSWER:
Venture Capita ($18 B), State Funds ($4 B), Angel Investors ($35 B), Three F's
(friends, family, fools - $60 B)
Size of investment?
ANSWER:
250,000 - 500,000
Top 3 investment categories?
ANSWER:
Medical devices & equipment, Software, biotechnology
Where do VC's invest?
ANSWER:
close to home ("in their backyard"), 2 hour drive
Why do Angel groups often pay over value for investments ?
ANSWER:
bc potential ROI
What is the percentage of successful deals for VC?
, ANSWER:
20% make up for 80% that dont matter
What is important to note about the seed/early stage?
ANSWER:
preferred investment/company stage
Where do I get the money to invest?
ANSWER:
pension funds, insurance companies, endowments, foundations, HIGH NET
WoRTH INDIVIDUALS (not what you know but who you know)
What is a Venture Capitalist?
ANSWER:
equity investments made to fund the launch or early development, or expansion
of a private and quite young company.
What kind of return does a VC expect?
ANSWER:
higher than average return
Who will a VC fund?
ANSWER:
Entrepreneur; someone who assumes the financial risk of beginning and
managing a new venture
What does a "perfect" investment opportunity look like?
ANSWER:
-an experienced/proven management team
-a great idea/concept that is proprietary
-something that cannot be duplicated
-a product or service that 7 billion humans will buy
-a great rate of return on investment
-intellectual property that is protected by patents or trademarks
-Zero risk, which does not exist (PERFECT INVESTMENT DOES NOT EXIST BC
fundamental laws of business)
