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RSM100 Case Study.
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Exam of 6 pages for the course Chem 1020. at Chem 1020. (RSM100 Case Study.)
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RSM100 Case Studydiamond of sustainable growth - ANS-1. political system geared to economic growth
2. effective financial system
3. vibrant entrepreneurship
4. sophisticated managerial capabilities
wells fargo:
What was the issue here?
Were the CEO's actions ethical?
Who was hurt?
Who's interest was the CEO most concerned with
Who's interest was the CEO least concerned with - ANS-
Ashley madison:
What is Ashley Madison?
Is it ethical?
Ethical Issue within ethical issue
Which stakeholders were harmed by fake accounts?
Who was at fault for the suicide of someones name who was leaked?
Recently, Ashley Madison offered to pay for advertising on TTC cars
Which stakeholders is Ashley Madison most concerned with?
Why might someone say yes?
what are the arguments for and against allowing Ashley Madison to operate at all. -
ANS-
Bringing coal to newcastle - ANS-Lots of natural endowments of coal through strip
mining
Newcastle had an absolute advantage in coal
During industrial revolution became best at manufactured goods
Workers were pulled from mines to factories despite absolute adv
Opportunity cost of coal; other countries give up less
International division of labour
how does a low canadian dollar affect international trade and the economy? -
ANS-Attract more investors
Cheaper for other countries to buy our goods = more exports
Exports bring money into the country
, Imports are more expensive = less imports Imports take money out of the country
Positive balance of payments, lower trade defecit, higher gdp
How corona is hitting international businesses - 3 ways - ANS-Disrupted supply chains
Delays on production/transportation
Squeeze on consumers
Chinese market stopped buying
Limitations on working
Will Covid kill globalization? - ANS-Lots of tariffs and subsidies to protect domestic
operations
Slowbalization
Financial crisis slowed globalization
What has been the impact of Covid-19 on the clothing industry? Why? - ANS-Long
supply chains from different parts of world
When supply chain shuts down, the schedule of ordering in advance gets delayed
Negative impact on fashion
Less money than in the past
Scared to spend what money they do have
Nowhere to go and need clothes
Why has Zara been relatively more successful during this time?
Shorter supply chains
Fast fashion - responsive because they are close to suppliers
Vertical integration
Brexit
What is brexit?
Why did the UK initiate it?
What are the pros and cons of Brexit?
What is the backstop?
What is a no deal brexit? - ANS-
Do you think Canada should reduce imports from China? - ANS-Yes: support domestic
businesses, dependency on other countries, resilient economy but less efficient
No: efficiency
The european debt crisis
Difference between fiscal and monetary policy
Why was there agreement to create the european free trade zone and Euro?
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