CSR FINAL EXAM
3 elements of manufacturing - ANS-land, labor, capital
5 steps to Solving Ethical Dilemmas - ANS-1. Know your very own values
2. Be guided by using your values- integrity
three. Spot the crimson flags
a. Identify the troubles and the selection you could make
4. Decide what's proper
five. Take action to do the proper issue (have the courage)
7 sins of greenwashing - ANS-1. Hidden Trade-off: Recycled paper this is bleach
2. No proof: Claim now not easily on hand in information
3. Vagueness: So poorly defined they are misunderstood, "all herbal"
4. Worshiping False Labels: Implied 3rd celebration endorsement, but no seal of approval
five. Irrelevance: Saying non CFCs, but banned in 1980s
6. Misrepresentation: Making false claims
7. Lesser of evils: The product itself changed into horrific for the surroundings however made
higher for others, "organic cigarettes"
Adam Smith - ANS-Scottish Political Economist. Father of Free change and capitalism.
Classical View. If organizations maximize earnings, it will benefit society and the market will
accurate itself. Wrote "The Wealth of Nations"
Adaptation - ANS-Making human beings change their fashionable of life, making humans
geared up for weather trade impacts
Advertising can be regulated if... - ANS-1. There is great authorities hobby
2. Regulations immediately enhance that hobby
three. Regulations are tailored and go no farther than vital
Affirmative Action - ANS-intended to conquer effects of beyond societal discrimination and
promote variety of allocating jobs and resources to participants of specific corporations,
consisting of human beings of color and girls
• Equal Employment Opportunity: Make a decision based on their benefit with none regards to
their covered characteristics.
• Preferential Treatment: Pick minority due to the fact they're the minority (opposite
discrimination
• No Quotas, QUOTAS ARE ILLEGAL
• Free marketplace argument: We all have the potential to submit resumes and cowl letters and
apply for jobs; the maximum certified (first-rate sources) will go to their maximum green use.
, American Clean Energy and Security Act - ANS-would introduce a cap and trade device in the
U.S.
Impose tariffs on imports from international locations that don't have the equal carbon
restrictions
Requires authorities regulation/subsidies in almost every thing of U.S. Electricity intake
Unlikely to proceed with new Congressional stability and chronic unemployment
Americans with Disabilities Act - ANS-Requires an affordable try and accommodate
Arthur Okon - ANS-Trade-off: The extra green, the less same.
He criticizes loose market because we don't all "begin the race" at the equal factor, so he
argues for income redistribution (from the privileged). Govt. Have to provide meals stamps, use
tax brackets, & provide services to negative.
Benefits of Sarbanes Oxley - ANS-• Protection for Investors
• Shapes corporate governance
• Increases regulation over economic reporting and disclosures to the general public
• Whistleblower Protection
• Impact: Multinationals changed their inner controls, this nearly doubled fee of compliance
(pushed returned small companies)
• Limitations: Can't mandate ethics, you cannot pass a regulation that says you have to be
ethical?
Benefits of the unfastened market - ANS-1. Assessments government electricity
2. Enables innovation
3. Preserves freedom
four. Protections from coercion (monetary coercion)
5. Protection from discrimination
6. Reduces stress on society
Business Roundtable's Guiding Principles - ANS-Board of Directors:
o Oversight of CEO/senior control in a clever and moral way
o Oversee independent auditing corporation
----Audit committee: Independent of administrators, have financial expertise, has legal
obligation to the Board.
O Selects qualified board applicants.
-----Governance committee: Determine own repayment. Select nominees to be voted on by
shareholders
o Oversee CEO and senior management repayment and repayment regulations
-----Compensation committee: Focuses on simply senior control
-----Focuses on disclosure
-----Focuses on linkage: linking reimbursement with the shareholder's wealth.
O Respond to shareholder worries
3 elements of manufacturing - ANS-land, labor, capital
5 steps to Solving Ethical Dilemmas - ANS-1. Know your very own values
2. Be guided by using your values- integrity
three. Spot the crimson flags
a. Identify the troubles and the selection you could make
4. Decide what's proper
five. Take action to do the proper issue (have the courage)
7 sins of greenwashing - ANS-1. Hidden Trade-off: Recycled paper this is bleach
2. No proof: Claim now not easily on hand in information
3. Vagueness: So poorly defined they are misunderstood, "all herbal"
4. Worshiping False Labels: Implied 3rd celebration endorsement, but no seal of approval
five. Irrelevance: Saying non CFCs, but banned in 1980s
6. Misrepresentation: Making false claims
7. Lesser of evils: The product itself changed into horrific for the surroundings however made
higher for others, "organic cigarettes"
Adam Smith - ANS-Scottish Political Economist. Father of Free change and capitalism.
Classical View. If organizations maximize earnings, it will benefit society and the market will
accurate itself. Wrote "The Wealth of Nations"
Adaptation - ANS-Making human beings change their fashionable of life, making humans
geared up for weather trade impacts
Advertising can be regulated if... - ANS-1. There is great authorities hobby
2. Regulations immediately enhance that hobby
three. Regulations are tailored and go no farther than vital
Affirmative Action - ANS-intended to conquer effects of beyond societal discrimination and
promote variety of allocating jobs and resources to participants of specific corporations,
consisting of human beings of color and girls
• Equal Employment Opportunity: Make a decision based on their benefit with none regards to
their covered characteristics.
• Preferential Treatment: Pick minority due to the fact they're the minority (opposite
discrimination
• No Quotas, QUOTAS ARE ILLEGAL
• Free marketplace argument: We all have the potential to submit resumes and cowl letters and
apply for jobs; the maximum certified (first-rate sources) will go to their maximum green use.
, American Clean Energy and Security Act - ANS-would introduce a cap and trade device in the
U.S.
Impose tariffs on imports from international locations that don't have the equal carbon
restrictions
Requires authorities regulation/subsidies in almost every thing of U.S. Electricity intake
Unlikely to proceed with new Congressional stability and chronic unemployment
Americans with Disabilities Act - ANS-Requires an affordable try and accommodate
Arthur Okon - ANS-Trade-off: The extra green, the less same.
He criticizes loose market because we don't all "begin the race" at the equal factor, so he
argues for income redistribution (from the privileged). Govt. Have to provide meals stamps, use
tax brackets, & provide services to negative.
Benefits of Sarbanes Oxley - ANS-• Protection for Investors
• Shapes corporate governance
• Increases regulation over economic reporting and disclosures to the general public
• Whistleblower Protection
• Impact: Multinationals changed their inner controls, this nearly doubled fee of compliance
(pushed returned small companies)
• Limitations: Can't mandate ethics, you cannot pass a regulation that says you have to be
ethical?
Benefits of the unfastened market - ANS-1. Assessments government electricity
2. Enables innovation
3. Preserves freedom
four. Protections from coercion (monetary coercion)
5. Protection from discrimination
6. Reduces stress on society
Business Roundtable's Guiding Principles - ANS-Board of Directors:
o Oversight of CEO/senior control in a clever and moral way
o Oversee independent auditing corporation
----Audit committee: Independent of administrators, have financial expertise, has legal
obligation to the Board.
O Selects qualified board applicants.
-----Governance committee: Determine own repayment. Select nominees to be voted on by
shareholders
o Oversee CEO and senior management repayment and repayment regulations
-----Compensation committee: Focuses on simply senior control
-----Focuses on disclosure
-----Focuses on linkage: linking reimbursement with the shareholder's wealth.
O Respond to shareholder worries
