BA 342 Exam 1 UPDATED Questions and CORRECT ANSWERS
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Course
BA 342
Institution
BA 342
BA 342 Exam 1 UPDATED Questions and
CORRECT ANSWERS
What are the two main themes for this class?* - CORRECT ANSWER- -Responsibility
-Responsible Leadership
Responsibility* (Definition) - CORRECT ANSWER- The ability or authority to act or
decide on one's own without supervision (Can you do th...
BA 342 Exam 1 UPDATED Questions and
CORRECT ANSWERS
What are the two main themes for this class?* - CORRECT ANSWER- ✔✔-Responsibility
-Responsible Leadership
Responsibility* (Definition) - CORRECT ANSWER- ✔✔The ability or authority to act or
decide on one's own without supervision (Can you do the right thing?)
Responsible Leadership (Financial Times Definition)* - CORRECT ANSWER- ✔✔Making
business decisions that takes into account stakeholders (workers, clients, suppliers, the
environment, the community, and future generations)
Responsibility Snapshot Cases* - CORRECT ANSWER- ✔✔-Understand how Ashley
Madison, FIFA, Air Force, BP examples relate to responsibility
Smeal Strategic Plan (6) - CORRECT ANSWER- ✔✔Leadership competencies, ethical
issues in business, corporate social responsibility, sustainability, diversity, responsible
leadership
A License to Operate* ("What exactly is that license?/What is the license to operate for a
large corporation?") - CORRECT 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
BA 342 Big Four Competencies* ("Do you know what this course is about?") - CORRECT
ANSWER- ✔✔-Ethical Issues in Business
-Sustainability
-Diversity
,-Corporate Social Responsibility
What is EAP?* - CORRECT ANSWER- ✔✔-E = Excellent Performance
-A = Academic Integrity
-P = Professional Behavior
High Level Drivers of Responsible Leadership (3) - CORRECT ANSWER- ✔✔-Population
-Resource Use
-Climate Change
Responsible Business Mega Trends (5)* - CORRECT 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
Smeal Honor Code (3) (Exam Q - What is not a component?)* - CORRECT ANSWER- ✔✔-
Highest ethical standard
-Hold each other accountable
-Will not engage in any improper academic/professional actions
Lord Michael Hasting Video* - CORRECT ANSWER- ✔✔-Video about corporate social
responsibility = KNOW THE OVERRIDING THEME
Ethics is PONG - What is PONG? (What is the most important letter?)* - CORRECT
ANSWER- ✔✔-P = Personal = Always starts with a person = this is ethics at its core =
MOST IMPORTANT LETTER
-O = Organizational
-N = National
-G = Global
, The Nexus of Ethics - CORRECT ANSWER- ✔✔-Focused on the importance of integrity
interviewers
-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 conform to the accepted societal
standards - enjoy criminal activity (corporate crime)
-Prudence Scale = score low = increased tendency to lie, cheat, steal, drink, fight, etc.
Boeing 787 Dreamline (Harry Stonecipher)* - CORRECT ANSWER- ✔✔-Know the Harry
Stonecipher & the elements described in the example
-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
Adam Scott (2 Books + Saying)* - CORRECT ANSWER- ✔✔-An economic thinker &
moral philosopher
-Published "A Wealth of Nations" (1776) and "Theory of Moral Sentiments" (1759)
-Father of modern economic theory (taught moral philosophy)
-Free markets are okay if everything operates ethically and fundamentally
Elements Companies Use to Find Out Who People are or to Assess and Employment
Situation (4) - CORRECT ANSWER- ✔✔-Integrity Interview
-Background Check
-Credit Check
-Personality Test
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