BA 342 EXAM 1 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
1. What are the two main themes for this class?*
Answer:
-Responsibility
-Responsible Leadership
Question:
2. Responsibility* (Definition)
Answer:
The ability or authority to act or decide on one's own without supervision (Can
you do the right thing?)
Question:
3. Responsible Leadership (Financial Times Definition)*
Answer:
Making business decisions that takes into account stakeholders (workers, clients,
suppliers, the environment, the community, and future generations)
Question:
4. Responsibility Snapshot Cases*
Answer:
-Understand how Ashley Madison, FIFA, Air Force, BP examples relate to
responsibility
Question:
5. Smeal Strategic Plan (6)
Answer:
Leadership competencies, ethical issues in business, corporate social
responsibility, sustainability, diversity, responsible leadership
,Question:
6. A License to Operate* ("What exactly is that
license?/What is the license to operate for a large
corporation?")
Answer:
-License to be a contractor (i.e. CPA)
-Intangibles = 53% of Total Value of Fortune 500 or about $24.27 T (Coke 96% of
Value)
-Consumers = 85% reputation responsibility key (competitiveness & market
positioning)
-Risk Management = Gov't, NGO's, Legal
-Investors = 86% institutional investors
-Operations = Innovation, Energy, Waste, Water
Question:
7. BA 342 Big Four Competencies* ("Do you know what this
course is about?")
Answer:
-Ethical Issues in Business
-Sustainability
-Diversity
-Corporate Social Responsibility
Question:
8. What is EAP?*
Answer:
-E = Excellent Performance
-A = Academic Integrity
-P = Professional Behavior
Question:
9. High Level Drivers of Responsible Leadership (3)
Answer:
-Population
-Resource Use
-Climate Change
, Question:
10. Responsible Business Mega Trends (5)*
Answer:
-Global Crisis = constant conflicts that impact companies (war, genocide, financial
crisis)
-Internet & Transparency = fast IT & additional/innovative IT
-Institutional Responsibility
-New Markets & Business Care
-Stakeholder Wants/Needs = all demanding
Question:
11. Smeal Honor Code (3) (Exam Q - What is not a
component?)*
Answer:
-Highest ethical standard
-Hold each other accountable
-Will not engage in any improper academic/professional actions
Question:
12. Lord Michael Hasting Video*
Answer:
-Video about corporate social responsibility = KNOW THE OVERRIDING THEME
Question:
13. Ethics is PONG - What is PONG? (What is the most
important letter?)*
Answer:
-P = Personal = Always starts with a person = this is ethics at its core = MOST
IMPORTANT LETTER
-O = Organizational
-N = National
-G = Global
CORRECT ANSWERS
Question:
1. What are the two main themes for this class?*
Answer:
-Responsibility
-Responsible Leadership
Question:
2. Responsibility* (Definition)
Answer:
The ability or authority to act or decide on one's own without supervision (Can
you do the right thing?)
Question:
3. Responsible Leadership (Financial Times Definition)*
Answer:
Making business decisions that takes into account stakeholders (workers, clients,
suppliers, the environment, the community, and future generations)
Question:
4. Responsibility Snapshot Cases*
Answer:
-Understand how Ashley Madison, FIFA, Air Force, BP examples relate to
responsibility
Question:
5. Smeal Strategic Plan (6)
Answer:
Leadership competencies, ethical issues in business, corporate social
responsibility, sustainability, diversity, responsible leadership
,Question:
6. A License to Operate* ("What exactly is that
license?/What is the license to operate for a large
corporation?")
Answer:
-License to be a contractor (i.e. CPA)
-Intangibles = 53% of Total Value of Fortune 500 or about $24.27 T (Coke 96% of
Value)
-Consumers = 85% reputation responsibility key (competitiveness & market
positioning)
-Risk Management = Gov't, NGO's, Legal
-Investors = 86% institutional investors
-Operations = Innovation, Energy, Waste, Water
Question:
7. BA 342 Big Four Competencies* ("Do you know what this
course is about?")
Answer:
-Ethical Issues in Business
-Sustainability
-Diversity
-Corporate Social Responsibility
Question:
8. What is EAP?*
Answer:
-E = Excellent Performance
-A = Academic Integrity
-P = Professional Behavior
Question:
9. High Level Drivers of Responsible Leadership (3)
Answer:
-Population
-Resource Use
-Climate Change
, Question:
10. Responsible Business Mega Trends (5)*
Answer:
-Global Crisis = constant conflicts that impact companies (war, genocide, financial
crisis)
-Internet & Transparency = fast IT & additional/innovative IT
-Institutional Responsibility
-New Markets & Business Care
-Stakeholder Wants/Needs = all demanding
Question:
11. Smeal Honor Code (3) (Exam Q - What is not a
component?)*
Answer:
-Highest ethical standard
-Hold each other accountable
-Will not engage in any improper academic/professional actions
Question:
12. Lord Michael Hasting Video*
Answer:
-Video about corporate social responsibility = KNOW THE OVERRIDING THEME
Question:
13. Ethics is PONG - What is PONG? (What is the most
important letter?)*
Answer:
-P = Personal = Always starts with a person = this is ethics at its core = MOST
IMPORTANT LETTER
-O = Organizational
-N = National
-G = Global
