The Starbucks franchises in New Zealand have also been accused of underpaying their younger workers. A trade secret is a form of intellectual property protection and is easier to a. promising to earn less profit per share The successful candidate must be a well-rounded leader who can drive and sustain collaboration with Starbucks stakeholders across both Technology and Business, especially within challenging and . This is a lofty goal, especially given Coke products are The entitlement of the environment to legal status is a long-argued e. They have not directly addressed the matter of symbolic speech. Starbucks has to account for the interests of the stakeholders because the company is not only viewed for profit but is also viewed as a member of society. AACSB: Reflection, Application, Difficulty: Difficult Employees Which of the following describes the relationship, if any, between the vision and the mission for a company such as Starbucks? You will work with relevant stakeholders and the Head of Asset & Configuration Management to implement and support processes that ensure the effective governance, controls and integrity . All stakeholders must be treated the same. b. he acknowledged that business was important in nurturing and preserving democracy in Athens. Answer: False, True or false? Blooms: Understand, Apply B. local and regional governments* Applying the big box store example from the chapter, which conflicts demonstrate that stakeholder claims vary? A. wages a. Blooms: Remember Pellentesque dapibus efficitur laoreet. Your description is too short, please give your document a clear desc Comp exam 2 - Study guide for exam 2 for MGMT 333, Exam One Written Notes - Outline of Chapter 22 (Electric Charges and Forces), Chapter 23 (The Electric, A10 Communication- Persuasive Speech. Which of the following are Starbucks' stakeholders? STARBUCKS CASE PART 3 - GROUP 1. ParvalueCost$1,000$930Couponinterestrate6%Yearstomaturity10Taxbracket20%. Which concept means that the owners (shareholders) of corporations, as well as directors and managers, are protected by laws stating that their losses in case of business failure cannot exceed the amount they paid for their shares of ownership? Blooms: Understand How does consumer thought affect purchasing? b. set of cultural norms be detrimental to a company. Organizational responsibility statements are usually straightforward: They say comply with the applicable ________. ), True or false? Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Which of the following are steps in the MITRE stakeholder process? The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. Starbucks Coffee Company supports its competitive advantages through the characteristics of its corporate structure. Which of the following is an example of an external stakeholder of an organization? The main reason for forming a corporation is to limit the liability of the owners. c. marketing Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities? Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. consciousness and product mission, is now owned by an international conglomerate, Unilever. b. the Dutch and Native American trade Q: Corporate-level strategy is best described as: a. strategies firms implement to gain a competitive advantage by selectin. inauthentic in carrying out corporate social responsibility when the company already has Financial Analysis of PUMA and Nike, Inc. Starbucks Stakeholders: Employees and Customers. The ExploitDB is a very useful resource for identifying possible weaknesses in your network and for staying up to date on current attacks occurring in other networks". and China, for example, by adapting to local cultural norms. The price of plastic straws had been increasing and Starbucks saw the proposal as an opportunity to both please stakeholders and cut costs d. Many cities were already considering plastic straw bans and agreeing to the proposal allowed Starbucks to act before regulatory action was taken CSR and greenwashing are the same concepts. How is Starbucks diversifying in India to fit into the local culture? A trade secret is a form of intellectual property protection and is easier to protect than a trademark or patent. Download Assets. AACSB: Application, Difficulty: Easy __ A program where students work on campus to earn money. For ex. b. courage, honor, and loyalty Many people now a days are very open-minded and whether you like it or not, it is just the reality of todays society. Do companies have the responsibility to market their products with integrity? service, for example. AACSB: Ethics, Difficulty: Easy essence of Stouts view is concern that shareholders may want to maximize their investment at What research did the BBC Earth Lab cite to prove or disprove that subliminal advertising is real? Those men later settled even perhaps industry standards? Rachel Carsons 1962 book, True or false? Consumer feedback on social media sites does not affect a company's prospects or status as ethical. Stakeholder Relationships: It appears there are growing disconnects among at least some of their stakeholders. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. 35.Deconfliction is necessary when the penetration test: A. determines that proprietary information is being stored in cleartext. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. An external stakeholder is someone who a company recognizes that makes decisions concerning operations. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. For the long term, business operations need to inculcate stakeholder Their concerns are identified through data gathering and analysis, via the notion of what constitutes necessity as opposed to luxury. What CSR lesson did Starbucks convey when it closed its stores for a day? (review sheet 4), Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Human Resource And Fiscal Mgmt (ADMS 640), Which of the following are Starbucks stakeholders? Our responsibility starts with being accountable to Starbucks stakeholdersour partners, customers, shareholders, suppliers, community members and othersand communicating openly about our business practices and performance. Consult with business partners, managers or other key stakeholders. Which of the following does an entrepreneur typically need to be willing to do to start a business? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. a. implementation of values D. her portrayal of the character offended stakeholders*, Which of the following is a resource made available to employees, in addition to salary? a. Samsung's washers had a spin-cycle problem in 2017 Urban and suburban communities Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. c. is an unattainable goal of perfect virtue Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Why does a Kantian view typically not govern most management decisions? Berrett-Koehler Publishers. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. AACSB: Real-world, Difficulty: Easy d. Samsung's recall paid refunds and limited potential lawsuits, Samsung's recall paid refunds and limited potential lawsuits, what was the reason for Scarlett Johansson's withdrawal from a recent movie? The triple bottom line focuses on three things: profit, people, and planet. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. Managing and executing the strategy of a company, B. Supervising middle and senior management, D. Evaluating the salary and benefits of senior management*, Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. Minorsky), Civilization and its Discontents (Sigmund Freud), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler), Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Principles of Environmental Science (William P. Cunningham; Mary Ann Cunningham), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. On the line before each of the following words, write S for singular or P for plural. Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. generations, such as the case with pollution. (Select all that apply.). Provide at least two examples of how employees' expectations of work have changed in modern business. b. business should have ethically, focusing exclusively on shareholders/investors. The emphasis was on c. coffee and tea growers Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Describe Kant's "Deontology" view of ethics. OpenStax Business Ethics Test Bank Chapter 3: Defining and Prioritizing Stakeholders Chapter 3: Defining and Prioritizing Stakeholders * = Correct answer Multiple Choice/Fill in the Blank 1. Read the following scenario and use the following five key questions in stakeholder management to determine how Starbuck's should handle this stakeholder: A few years ago, Starbucks identified three areas in which government could impact the company's ability to maximize profits in its Corporate Social Responsibility Report: (1) U.S. Tax . Felix Madison has $10,000 worth of property damage insurance and a$1,000 deductible collision insurance policy. d. Corporate personhood, what is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? Summarize the ethical debate of whether corporations owe a duty to society or only to their owners. true or false: culture and ethics cannot be separated, because ethical norms have been established over time by and make sense to, people who share the same background, language, and customs. They C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make (a) What is Friar Lawrence's plan for Juliet? AACSB: Ethics, Difficulty: Easy as compromising the mission of Ben & Jerrys as envisioned by its founders. Which of the following is not an example of a diffused shareholder? This includes race, color, religion, national origin or ancestry, sex and so on. People have argued that CSR initiatives based on environmental or social justice instead limit shareholder wealth and that the world's largest corporations executives consider the interests of a broader set of stakeholders, rather than only stockholders. c. customers are considered high-priority stakeholders Fortunately, I know people that focus on the profit as well as everyone and everything around them and are doing perfectly fine. Starbucks that would result in change to the issue of racism in America. Thus, Ikea changed in response to consumer It is important for executives to interact with outside-environment stakeholders Every stakeholder has different interests depending on their relationship with an. Instead, the principles of stakeholder ethics and corporate social responsibility involve the idea that corporations will ultimately prosper to a greater degree when these principles are recognized. have? How much will money supply increase with that original loan of $19 million? Difficulty: Difficult The following are the main stakeholders in Starbucks Coffee's business: Employees (baristas, partners) Customers Suppliers (supply firms, coffee farmers) Environment Investors Governments Employees. B. Supervising middle and senior management Today, Starbucks hosted its 30 th annual meeting of shareholders virtually. This is viewed D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would One that not only. While Starbucks has demonstrated some level of commitment to the principles of Starbucks regarding labor relations and employee retention, it is also clear that certain problems remain as well. Draw a T-account for the bank after this first round of loans has been made. They need to develop sustainable sources of quality beans. Which concept holds that workers should be paid on the basis of the value of their job to the organization? d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? An employees common law duty of loyalty to their employer prohibits the employee from using a former employer's confidential information and trade secrets on behalf of a subsequent employer as well. Answer: False. changes. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? the theory that prosperity depends on extracting wealth or accumulating it from others. extensive pool of talent. Which. Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. It is ineffective because it only requires disclosure of information about suppliers' working conditions and does not govern those suppliers. Blooms: Analyze A common law or principle stating that officers, directors, and managers of a corporation are not liable for losses incurred when the evidence demonstrates that decisions were reasonable and made in good faith is known as ________. : an American History (Eric Foner), Psychology (David G. Myers; C. Nathan DeWall), Biological Science (Freeman Scott; Quillin Kim; Allison Lizabeth), The Methodology of the Social Sciences (Max Weber). What is a "pay-to-pollute" system that charges a fee or tax to those who discharge carbon into the air? A. finance* Defectives16121414911118157812121516917161313151110109. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec aliquet. The company has. b. Humongous Bank is required to hold 5% of its existing$20 million as reserves, and to loan out the rest. and avoiding bias. this is an example of.. B. her portrayal of the character was not approved (Starbucks does not follow the traditional franchising terms.)
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