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TU
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U
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TU
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TU
, *b. Key issues in business ethics in Asia are corporate governance and accountability. In North
America they are misconduct and immorality in single decision situations. In Europe, key issues in
business ethics are social issues in organizing the framework of business.
Feedback: Key issues in business ethics in Asia are corporate governance and accountability. In
North America they are misconduct and immorality in single decision situations. In Europe, key issues
in business ethics are social issues in organizing the framework of business.
Page reference: p.23-25
c. In North America, the individual is responsible for ethical conduct in business, while in Asia it is
social control by the collective and in Europe the responsibility lies with top management.
Feedback: In North America, the individual is responsible for ethical conduct in business, while in
Europe it is social control by the collective and in Asia the responsibility lies with top management.
Page reference: p.23-25
d. In North America, a formalized multiple stakeholder approach is the dominant perspective on
stakeholder management. Asia focuses on shareholder value, while Europe tends to take an implicit
multiple stakeholder and benign managerialism approach.
Feedback: In Europe, a formalized multiple stakeholder approach is the dominant perspective on
stakeholder management. North America focuses on shareholder value, while Asia tends to take an
implicit multiple stakeholder and benign managerialism approach.
TU
Page reference: p.23-25
Type: multiple response question
Title: Chapter 01 - Question 09
09) Which of the following statements regarding stakeholder management approaches are incorrect?
1. North American corporations tend to be smaller than their European counterparts and focus
more on multiple stakeholders
TO
2. European, African and Asian models of capitalism tend to not be so dominated by shareholder
value maximization compared to the North American approach
3. North American companies and often managed by large executive and supervisory boards
4. The Calvinist-Protestant religious tradition in Europe led to the rise of a distinctly different
capitalist economic system.
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
R
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
G
Page reference: p.23-25
*a. 1,3,4
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
U
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
Page reference: p.23-25
R
b. 2,3,4
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
U
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
Page reference: p.23-25
c. 1,2,3
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
R
U
G
R
TO
TU
, U
R
U
G
R
TO
TU
, U
R
U
G
R
TO
TU
, *b. Key issues in business ethics in Asia are corporate governance and accountability. In North
America they are misconduct and immorality in single decision situations. In Europe, key issues in
business ethics are social issues in organizing the framework of business.
Feedback: Key issues in business ethics in Asia are corporate governance and accountability. In
North America they are misconduct and immorality in single decision situations. In Europe, key issues
in business ethics are social issues in organizing the framework of business.
Page reference: p.23-25
c. In North America, the individual is responsible for ethical conduct in business, while in Asia it is
social control by the collective and in Europe the responsibility lies with top management.
Feedback: In North America, the individual is responsible for ethical conduct in business, while in
Europe it is social control by the collective and in Asia the responsibility lies with top management.
Page reference: p.23-25
d. In North America, a formalized multiple stakeholder approach is the dominant perspective on
stakeholder management. Asia focuses on shareholder value, while Europe tends to take an implicit
multiple stakeholder and benign managerialism approach.
Feedback: In Europe, a formalized multiple stakeholder approach is the dominant perspective on
stakeholder management. North America focuses on shareholder value, while Asia tends to take an
implicit multiple stakeholder and benign managerialism approach.
TU
Page reference: p.23-25
Type: multiple response question
Title: Chapter 01 - Question 09
09) Which of the following statements regarding stakeholder management approaches are incorrect?
1. North American corporations tend to be smaller than their European counterparts and focus
more on multiple stakeholders
TO
2. European, African and Asian models of capitalism tend to not be so dominated by shareholder
value maximization compared to the North American approach
3. North American companies and often managed by large executive and supervisory boards
4. The Calvinist-Protestant religious tradition in Europe led to the rise of a distinctly different
capitalist economic system.
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
R
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
G
Page reference: p.23-25
*a. 1,3,4
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
U
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
Page reference: p.23-25
R
b. 2,3,4
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
U
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
Page reference: p.23-25
c. 1,2,3
Feedback: Statements 1, 3, and 4 are incorrect. European corporations tend to be smaller than their
North American counterparts and focus more on multiple stakeholders, and as such, are often
managed by large executive and supervisory boards. The Calvinist-Protestant religious tradition in
North America led to the rise of a distinctly different capitalist economic system, while European,
African and Asian models of capitalism tend to not be so dominated by shareholder value
maximization compared to the North American approach
