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Man 320f Final Exam Questions with correct Answers
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Man 320f Final Exam Questions with correct Answers
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Man 320f Final Exam Questions with correct AnswersCASES - Answer -
Subartic Survival - Answer --As an individual they would've not survived, but with a team
they survived
-1+1 to be greater than 2
Moral of the Story
-Don't crash!
-Synergy-- the breakfast of champions -team decisions-- generally better than an individual
-If you stay away from the yellow snow you don't need the water purification tablets
-Teams that work together synergistically can produce extraordinary results Subartic Survival Situation
-Synergistic decision making is based on the premise that: 1+1=3
-People are supportive of one another, and -They follow a rational sequence of activities in dealing with a problem
-They can perform beyond the sum of their individual resources The Interpersonal Process
-Listening to others
-Supporting their efforts to do well
-Differing with others when necessary in a manner that is constructive rather than defensive -Participating EQUALLY in group discussions Listening
-Objectively weigh what has been said
-Try to understand contributions from the speaker's point of view
-Periodically review and summarize what has been stated
Participating
-Ensure that ALL members feel comfortable enough to express their ideas The Rational Process
-Analyze the situation
-Identify objectives of goals -Simplify the problem -Consider alternative strategies -Discuss adverse consequences Moral of the story
-In general, groups will make better decisions than individuals
Conflict on a Trading Floor - Answer -Did the protagonist miss any reasons why he should or should not send the fax? -potentially illegal
What are the stakes for each option? -loose job -earn a lot of money How will Linda react to each option? How does the 40,000 bonus effect your decision? Protagonist gave 4 reasons for sending and not sending the fax but is missing one important reason -Linda has an ethical obligation to keep her transactions honest -Some items you might not have thought of *Linda has set you up perfectly as a scapegoat *There is too much money and the deal is too big not to go through *Peter seems useless as amateur, the senior VP is too high for you to approach The truth -At some point, you have to stop covering your own hide and start thinking about the $12 million fee. Six times higher than normal -Is this theft, in an ethical sense (as opposed to a legal sense)? Of course it's theft
-If Poseidon calls someone else for rates, the truth will unfold
-Eventually FirstAmerica will be caught -The company will be sued and everyone involved int he deal will loose their job -Not to mention the loss of reputation "To this day, I regret not having taken action" -You can rationalize all you want but you are still misleading the client
-As in Enron, WorldCom or even the Holocaust *Everyone sees the wrong being committed but no one does anything
-Linda's are everywhere--you don't have to be sleazy to get ahead
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