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BA 342 Exam 1 Questions, Answers, Rationales

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BA 342 Exam 1 Questions, Answers, Rationales

Institution
ECON.
Course
ECON.

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BA 342 Exam 1
Study online at https://quizlet.com/_g2te99

1. What are the two -Responsibility
main themes for -Responsible Leadership
this class?*

2. Responsibility* The ability or authority to act or decide on one's own
(Definition) without supervision (Can you do the right thing?)

3. Responsible Making business decisions that takes into account stake-
Leadership holders (workers, clients, suppliers, the environment, the
(Financial Times community, and future generations)
Definition)*

4. Responsibility -Understand how Ashley Madison, FIFA, Air Force, BP
Snapshot Cases* examples relate to responsibility

5. Smeal Strategic Leadership competencies, ethical issues in business,
Plan (6) corporate social responsibility, sustainability, diversity,
responsible leadership

6. A License to Op- -License to be a contractor (i.e. CPA)
erate* ("What ex-
actly is that li- -Intangibles = 53% of Total Value of Fortune 500 or about
cense?/What is $24.27 T (Coke 96% of Value)
the license to op- -Consumers = 85% reputation responsibility key (com-
erate for a large petitiveness & market positioning)
corporation?") -Risk Management = Gov't, NGO's, Legal
-Investors = 86% institutional investors
-Operations = Innovation, Energy, Waste, Water

7. BA 342 Big -Ethical Issues in Business
Four Compe- -Sustainability
tencies* ("Do -Diversity
you know what -Corporate Social Responsibility
this course is
about?")

8. What is EAP?* -E = Excellent Performance
-A = Academic Integrity
-P = Professional Behavior



, BA 342 Exam 1
Study online at https://quizlet.com/_g2te99
9. High Level Dri- -Population
vers of Responsi- -Resource Use
ble Leadership (3) -Climate Change

10. Responsible -Global Crisis = constant conflicts that impact companies
Business Mega (war, genocide, financial crisis)
Trends (5)* -Internet & Transparency = fast IT & additional/innovative
IT
-Institutional Responsibility
-New Markets & Business Care
-Stakeholder Wants/Needs = all demanding

11. Smeal Honor -Highest ethical standard
Code (3) (Exam Q -Hold each other accountable
- What is not a -Will not engage in any improper academic/professional
component?)* actions

12. Lord Michael -Video about corporate social responsibility = KNOW
Hasting Video* THE OVERRIDING THEME

13. Ethics is PONG - -P = Personal = Always starts with a person = this is
What is PONG? ethics at its core = MOST IMPORTANT LETTER
(What is the -O = Organizational
most important -N = National
letter?)* -G = Global

14. The Nexus of -Focused on the importance of integrity interviewers
Ethics -Companies are looking at the personal and professional
side of candidates
-Sensation-Seeking Trait = score high = people who act
impulsively without thinking, driven to excitement & new
experiences, and willing to take risks in order to satisfy
those needs
-Antisocial Tendencies = unwillingness/inability to con-
form to the accepted societal standards - enjoy criminal
activity (corporate crime)
-Prudence Scale = score low = increased tendency to lie,
cheat, steal, drink, fight, etc.

15.


, BA 342 Exam 1
Study online at https://quizlet.com/_g2te99
Boeing 787 -Know the Harry Stonecipher & the elements described
Dreamline (Harry in the example
Stonecipher)*
-Based on ethics, honor, and integrity
-Harry Stonecipher was brought back to Boeing and went
"by the books" and practiced ethically with honor
-Was doing a great job in charge until he was fired
because he had an affair with a co-worker = had negative
effects/dynames on Boeing (bad public perception)
-His bad use of ethics brought up - "Should personal
life be fair game within the workplace?" = you are an
employee 24/7

16. Adam Scott (2 -An economic thinker & moral philosopher
Books + Saying)* -Published "A Wealth of Nations" (1776) and "Theory of
Moral Sentiments" (1759)
-Father of modern economic theory (taught moral philos-
ophy)
-Free markets are okay if everything operates ethically
and fundamentally

17. Elements Compa- -Integrity Interview
nies Use to Find -Background Check
Out Who People -Credit Check
are or to Assess -Personality Test
and Employment
Situation (4)

18. Stakeholder -Page 9 (Figure 1.2)
Analysis (5 Businesses hold the following relationships with these
Elements + stakeholders:
Sub-Elements) -Community (Environmental Groups and General Public)
(Sandusky -Owners (Corp. Raiders, Private Citizens, Institutional
Scandal)* Investors)
-Consumers (Consumer Activists and Product Liability
Threats)
-Employees (Unions, Older Employees, Women, Minori-
ties, Civil Liberties Activists)
-Government (Local, State, Federal)

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ECON.
Course
ECON.

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