Successful organizations create a structure of ___________ that are instilled into all personnel to make up the organizational-wide culture. Correct Answer-Values
Values Correct Answer-Are defined as the operating philosophies or principles that guide an organization's internal conduct as well a...
KNES 402 Mid-Term questions with correct answers
Successful organizations create a structure of ___________ that are
instilled into all personnel to make up the organizational-wide culture.
Correct Answer-Values
Values Correct Answer-Are defined as the operating philosophies or
principles that guide an organization's internal conduct as well as its
relationships with its fans, sponsors, and media.
Ethics Correct Answer-Is defined as the objective basis on which
judgments are made regarding right and wrong.
Utilitarian Approach: Correct Answer-This approach states that a
decision is ethical if it provides the most good or the least harm for all
who are affected (employees, community, sponsors, fans, athletes). It is
focused on the consequences of the decision, and balances the good
accomplished with the harm done in accomplishing that good.
The Fairness Approach: Correct Answer-This approach states that a
decision is ethical if it treats all individuals involved equally or fairly.
The Common Good Approach: Correct Answer-This approach states
that a decision is ethical if it is made to benefit the whole over a select
few.
, The Virtue Approach: Correct Answer-This approach focuses on an
individual reaching their highest potential of character. Virtue ethics
asks, "If I do this, what kind of person will I become?"
Cost/BenefitAnalysis Correct Answer-An economic analysis which
ways the positives and negatives of a particular course of action
Organizational Culture Correct Answer-The overall environment within
a company, guided largely by the organizations values.
Stakeholders Correct Answer-Persons impacted by a particular decision.
Competition-Based Pricing Correct Answer-Pricing based on
competitor's pricing in similarly situated markets.
Cost-Based Pricing Correct Answer-Pricing based on costs to the Seller
(not usually used in ticket pricing).
Cross-Elasticity Correct Answer-The measurement of change in demand
of a particular seat when a change of price in another seat occurs.
Price Elasticity Correct Answer-The percentage change in seat demand
divided by the percentage of change in price of the seat.
Static Ticket Pricing Correct Answer-A single price determined before
observing demand.
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