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BA 342 Exam 1 Questions And Answers Latest Update
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BA 342 Exam 1 Questions And Answers Latest Update
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BA 342 Exam 1 Questions And AnswersLatest Update
What are the two main themes for this class?* CORRECT ANSWERS -Responsibility
-Responsible Leadership
Responsibility* (Definition) CORRECT ANSWERS 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 ANSWERS Making
business decisions that takes into account stakeholders (workers, clients, suppliers, the
environment, the community, and future generations)
Responsibility Snapshot Cases* CORRECT ANSWERS -Understand how Ashley
Madison, FIFA, Air Force, BP examples relate to responsibility
Smeal Strategic Plan (6) CORRECT ANSWERS 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 ANSWERS -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
ANSWERS -Ethical Issues in Business
-Sustainability
-Diversity
-Corporate Social Responsibility
What is EAP?* CORRECT ANSWERS -E = Excellent Performance
-A = Academic Integrity
-P = Professional Behavior
High Level Drivers of Responsible Leadership (3) CORRECT ANSWERS -Population
-Resource Use
-Climate Change
,Responsible Business Mega Trends (5)* CORRECT ANSWERS -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 ANSWERS -
Highest ethical standard
-Hold each other accountable
-Will not engage in any improper academic/professional actions
Lord Michael Hasting Video* CORRECT ANSWERS -Video about corporate social
responsibility = KNOW THE OVERRIDING THEME
Ethics is PONG - What is PONG? (What is the most important letter?)* CORRECT
ANSWERS -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 ANSWERS -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 ANSWERS -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 ANSWERS -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 ANSWERS -Integrity Interview
-Background Check
-Credit Check
-Personality Test
Stakeholder Analysis (5 Elements + Sub-Elements) (Sandusky Scandal)* CORRECT
ANSWERS -Page 9 (Figure 1.2)
Businesses hold the following relationships with these stakeholders:
-Community (Environmental Groups and General Public)
-Owners (Corp. Raiders, Private Citizens, Institutional Investors)
-Consumers (Consumer Activists and Product Liability Threats)
-Employees (Unions, Older Employees, Women, Minorities, Civil Liberties Activists)
-Government (Local, State, Federal)
Ethics Resource Center Trends (Know Trends)* CORRECT ANSWERS Trend =
Pressure to commit misconduct:
-High (28%) in 1995
-Then decreased until the recession (2008)
-Started increasing again until 2011
-CURRENT DECREASING TREND FROM 2011 to 2013
-41% witnessed bad conduct (decrease: bad)
-63% reported it to superiors (decrease: good)
-21% reported misdoncuted and faced retaliation (decease: bad)
-9% pressure to commit misconduct (down: GOOD and IMPORTANT) = we want to
smooth out the graph
-60% of misconduct came from managers
-24% of misconduct from senior managers
-Pressure to commit wrongdoings in order to do job = increased
-Weak ethical cultures = increased
Ethics Resource Center 2013 5 Most Frequent Observed Types of Misconduct
CORRECT ANSWERS -Abusive Behavior (18%)
-Lying to Employees (17%)
-Discrimination (12%)
-Conflict of Interest (12%)
-Bad Internet Use (12%)
Spiderman Video* CORRECT ANSWERS "With great power comes great
responsibility"
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