f(x)=x48x2+16f(x)=x^{4}-8x^{2}+16 Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. Legal compliances are a set of compound rules (laws) process emphasizes competition and speed.and processes used by attorneys and corporate legal departments to help govern themselves, the companies and/or employees they represent and lastly, the public they serve. a. leads people to treat others as a means to an end Shareholders are certainly an important component of the stakeholders of a corporation (Freeman & Moutchnik, 2013). Every stakeholder has different interests depending on their relationship with an. The shippers have also announced the suspension of both . release manager - Starbucks a. promising to earn less profit per share Consumers are demanding more than "product" from their favorite brands. Blooms: Understand, Apply 100 %. Laws dictate all ethical responsibilities that a company may owe key It is important to focus on employees and customers when considering the ways in which Starbucks is impacted by the principles of stakeholder ethics. the theory that prosperity depends on extracting wealth or accumulating it from others. Starbucks continually emphasizes its commitment to corporate social responsibility. It is not necessary to conduct extensive market research. Our responsibility starts with being accountable to Starbucks stakeholdersour partners, customers, shareholders, suppliers, community members and othersand communicating openly about our business practices and performance. AACSB: Application, Difficulty: Easy Business 148 Study Guide Flashcards | Quizlet Which of the following describes the impacts that diversify Starbucks competes with many other coffeehouses, including Dunkin' Donuts, McDonald's, and Caribou Coffee. Environmentalists raise the issue of species and B. Supervising middle and senior management AACSB: Application, Real-world, Difficulty: Moderate Pellentesque dapibus efficitur laoreet. Answer: False, True or false? This incident caused a global A. An employees common law duty of loyalty to their employer prohibits the employee from using a former employer's confidential information and trade secrets on behalf of a subsequent employer as well. Thornton & Ross hiring Export Coordinator in Linthwaite, England Blooms: Application Multiple highly publicized incidents involving conflicts between Starbucks and its customers have been detrimental to the companys reputation in the area of corporate social responsibility. A lot of business' only focus on how much profit or loss their company has when they should also take into account on how their employees are doing and on the impact their business has on the economy. Top things to know about Starbucks 2022 shareholders meeting According to Donaldson and Preston, what are the three theoretical approaches to considering stakeholder claims? The people in this economy have $20 million in money, and they deposit all their money in Humongous Bank. (Select all that apply.) making sure the stores employees and the company policies were sensitive toward identifying Sample Answer: Lynn Stout believed that shareholders do not necessarily behave as a class. Certainly, Starbucks is a firm that contains or is associated with many kinds of stakeholders. True or False: The environment is not considered a stakeholder, True or False: Goodwill . Employees and customers are the two most visible manifestations of the activities of Starbucks and certainly the most visible stakeholders (Mansell, 2013). Blooms: Analyze Thirty years ago, Starbucks was a single store in Seattle's Pike Place Market selling premium-roasted coffee. One big issue access economy has is lack of regulations, especially when it comes to overseeing the products and services exchanged during the transaction. Draw a T-account for the bank. AACSB: Real-world, Difficulty: Easy About Path Since its foundation in 1984, PATH (People Assisting The Homeless) has pioneered bold and effective approaches to assist people experiencing homelessness. a. customers are not considered high-priority stakeholder B. her portrayal of the character was not approved Starbucks Corporation - Press Releases - Financial Releases A trade secret is a form of intellectual property protection and is easier to The three Starbucks founders had two things in common: they were all coming from academia, and they all loved coffee and tea. Large corporations such as Starbucks Stakeholder Analysis | Blablawriting.com C. environmental agencies Journal of Business Ethics, 108(3), 285298. The following is a guide to engaging successfully with stakeholder groups. Solved Which of the following best explains why Starbucks | Chegg.com How does consumer thought affect purchasing? Principles and Purpose: A Statement on Stakeholders Difficulty: Difficult Starbucks's Mission Statement & Vision Statement (An Analysis) Which of the following are factors included when applying a legal definition of diversity? c. actions a firm undertakes to satisfy the base threshold for acting ethically (Select all that apply. (Select all that apply.) Phillips, R. (2003). Which of the following does Starbucks consider to be a strong asset that helps it build its revenue gains? A. her portrayal of the character was insincere new CEO with a tourism background. d. corporations need to manage expectations of customers, customers are considered high-priority stakeholders, True or False: sustainability is a short-term approach to the interaction between business activity, environmental responsibility and societal impact on the environment and other stakeholders, True or False: social responsibility does not have to mean being unprofitable, True or False: the concept of limited liability means the owners of corporations are protected by laws stating that, in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership, which court decision rule that corporate and nonprofit business entities may seek to persuade the voting public by spending an unlimited amount of money on political advertisements? What is a measure that accounts for an organization's results in terms of its effects on profits, planet, and people? PR Related Events and Strategies & Tactics Used Timeline of Key PR Related Events Which group is most ill prepared to exercise good judgment in the face of subliminal advertising? We will send [DOCUMENT_TITLE] to your email. Utilitarianism (the first normative approach to)- an ethical action is one whose consequence achieves the greatest good for the greatest number of people. d. courage, decency, and leadership, ethics are the _______ to which we hold ourselves accountable in our professional and personal lives. Stakeholders To contribute to sustainable development inside a destination using environmentalism, everyone stakeholders should collaborate systematically to seek collective advantages again for destinations, also to improve the macroeconomic stability of such region's people and support preservation. ), religious beliefs Answer: False, True or false? Which of the following is changing the environment in which many of the world's industries compete? a. Employees are one of the most important internal stakeholders of Starbucks. a. her portrayal of the character was insincere Sample Answer: Greenwashing is the view that companies are acting superficially or are AACSB: Reflection, Application, Difficulty: Difficult From just a narrow storefront, Starbucks offered some of the world's finest fresh-roasted whole bean coffees. Over time, people change, technology advances just like it has in the past couple of years, and cultural mores shift. Its normal and keeps things interesting in my opinion. A bribe is given with either an explicit or implied expectation of return that will benefit your business while a gift is given without any expectation of return and does not benefit your business. c. humanistic business model Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange. Using this, calculate the after-tax cost of the Sony bond given Davids tax bracket. Starbucks hiring project manager, sr - Business Operations(DAIBO) in Here is a list of some of the most common external stakeholders your organization may work with: Customers Communities the belief that business is not culturally neutral. Which of the following statements does not depict deontology? Furthermore, there is being committed to ethical business practices. \text { Par value } & \$ 1,000 & \text { Coupon interest rate 6\% } & \text { Tax bracket 20\% } \\ d. the Louisiana Purchase, South Korean companies like LG and Samsung employ . 16 & 14 & 9 & 11 & 15 & 8 & 12 & 16 & 17 & 13 & 15 & 10 & 9 \\ stresses that a company must sustain trust with stakeholders. Maintain strategic stakeholder engagement by working alongside fellow Project Delivery teams, Senior Management and your customers delivery lead/function to identify strategic issues; Oversee the quality assurance of estimates or model within the function to ensure they are fit for purpose good for business and the right thing to do from an ethical standpoint. Job Summary and Mission. d. he thought money should only be allowed for those in trades. Starbucks has, at times, been accused of racial discrimination as well as transgender discrimination. Thornton & Ross, part of the Stada group, are one of the UK's fastest-growing, leading producers of household pharmaceutical products & own some of the country's most loved brands such as Covonia, Hedrin, Cetraben as well as the leading disinfectant Zoflora. Answered over 90d ago. AACSB: Application, Analytical, Difficulty: Moderate Some ads exaggerate or distort what goods or services deliver. The enhanced training set a standard for other companies that serve the public. Operations Management questions and answers. Lorem ipsum dolor sit, s ante, dapibus a molestie consequat, ultrices ac magna. P3-1. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Describe what type of goal each is. and China, for example, by adapting to local cultural norms. c. the theory that global wealth is static and prosperity comes from wealth through extraction AACSB: Application, Ethics, Difficulty: Moderate FedEx and UPS. Blooms: Analyze, Evaluate Consequently, the argument is made that corporations should aspire to be good corporate citizens that demonstrate care for the full range of stakeholders that are impacted by their activities. PR was necessary for activists to gain a following, formulate a common message against Starbucks, and keep the company accountable to the public for this incident. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to. Which seven-step guidelines are designed to help organizations with compliance and reporting? The consumers also have a responsibility whether they end up liking the product or not and that is to make sure they let the company know whether they are doing a good job or not. Take airbnb for example, accommodations are not inspected while in a hotel, they are. What CSR lesson did Starbucks convey when it closed its stores for a day? Which of the following is the BEST resource for obtaining payloads a. humanity in ethics OpenStax Business Ethics Test Bank Chapter 3: Defining and Prioritizing Stakeholders Chapter 3: Defining and Prioritizing Stakeholders * = Correct answer Multiple Choice/Fill in the Blank 1. (Select all that apply.) Nam lacinia pulvinar tortor nec facilisis. Blooms: Remember Which of the following is NOT considered to be a stakeholder? A For ex. In the case of Coca-Cola, its website discusses stakeholder engagement in a A diverse workforce yields many positive outcomes for a company. In some cases, as soon as entrepreneurs see that they are making profit, everything else suddenly disappears. Participate in and support community . Therefore, some employees work for Starbucks to gain that status. * An ethical financial advisor must ________. This is a great way to remind business' that not everything is about the money and how making a few changes can result as success in the long run. D. dining/food service, Which of the following are stakeholders? premise by lawyers and legal-aid groups. \end{array} Blooms: Understand Do you think she believes the brain chemistry of romantic love and the response to rejection is rational or irrational? Summary Of Experience Donec aliquet. Identify and describe two challenges an employer may face in providing reasonable accommodations under the ADA for employees. A normative approach views stakeholders as ends in themselves rather c. marketing D. stakeholder prioritization, Difficulty: Easy a. he viewed those outside economic and political circles as virtuous Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency. There is a growing recognition of the need for corporate accountability. (Select all that apply.) welfare for two reasons: It is good for business and the right thing to do. Norfolk Southern Derailment Sparks Rail Regs Scrutiny - Law360 a. implementation of values Blooms: Analyze How is Starbucks diversifying in India to fit into the local culture? d. committing to have 50% of board seats help by women or minorities, actions a firm undertakes to satisfy the base threshold for acting ethically, how is the concept of corporate personhood defined? Q: The focus on chapter 6 is diversification which can mean different things for companies depending on the context. One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________. C. It is ineffective because it uses consumer stakeholders to pressure suppliers and make Starbucks set out on its current course in the 1980s . In some which of the following are starbucks' stakeholders Enculturation and acculturation seem very alike but when paying close attention, the differences start to pop out. While there are many disadvantages of job-sharing including need for additional supervisory time, possible disruption of work flow, scheduling challenges for training and meeting, but the worst one in my opinion is communication. b. Which of the following definitions best describes mercantilism? c. customers are considered high-priority stakeholders 52,000 workers in the US and many US companies now manufacture their products abroad. B. government liaison/lobbying director Business Ethics Mid Term Flashcards | Quizlet B. A firm's vision is the foundation for its mission. Freeman is best known for his work on stakeholder theory and business ethics, in which he suggests that businesses build their strategy around their relationships with key stakeholders. MANGMT 4970 EXAM 1 (QUIZ QUESTIONS & CONCEPTS), Allen Cognitive Levels (ACL) & Allen Diagnost, CompTia A+ 220-1001 Core 1 Certification Prac, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. Donec aliquet. Rachel Carsons 1962 book, True or false? D. Present information to the board of directors. a. ethics applies solely to business-making AACSB: Real-world, Difficulty: Moderate Which of the following are Starbucks' stakeholders? b. business should have ethically, focusing exclusively on shareholders/investors. An example involves a partnership that was created between Starbucks and Arizona State University that provided scholarships of these kinds where the corporation would pay for more than 50% of the students tuition. The access economy is a business model where goods and services are traded on the basis of access rather than ownership. Starbucks Corporation application developer sr Job in Seattle, WA About Starbucks, the main challenges related to economic, social, and technological factors. chief executive officer. CSR ensures that a company is engaging in sound ethical practices and policies in accordance with the company's culture and mission, above and beyond any mandatory legal standards. What has unfolded at Starbucks is anything but. Draw a T-account for the bank after this first round of loans has been made. This button displays the currently selected search type. Solved Thirty years ago, Starbucks was a single store in - Chegg Starbucks steps evinced a social consciousness and focus on stakeholders. Global store sales increased 20% year-over-year, led by a strong 22% average increase in sales across all North American stores. Sample Answer: MITRE is a five-step guide to stakeholder assessment and management. Those men later settled Starbucks Corporate Technology's BI & Analytics team works to achieve this . Then, describe how that stated goal might affect how the following employees do their job: (a) a part-time store employeea baristain Omaha; (b) a quality assurance technician at the company's roasting plant in Amsterdam;(c) a regional sales manager; (d) the executive vice . According to the I/O Model of Above-Average Returns, which of the following steps should Starbucks complete immediately before implementing a strategy? The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an "individual or group that has an interest in any decision or activity of an organization." Stakeholders may include s uppliers, internal staff, members, customers (including shareholders . Advocates of the right to bear arms as well as proponents of gun control have criticized Starbucks for the companys policies regarding the carrying of firearms in Starbucks stores by customers. social media, they are apt to speak up about their customer experience. Cambridge: Cambridge University Press. Starbucks primary stakeholders are their employees, customers, shareholders, investors, suppliers, coffee farmers, local communities, and other business partners. C. Gather and analyze appropriate data. Farmers supply the coffee grains and tea that are necessary for production. Rawls's theory of justice views individuals as human resources, with their natural state as needing governance, and subjects them to a social contract of subjugation. Which commercial transaction in the New World exemplifies the complexity that results when different cultures, experiences, and ethical codes come into contact? b. d. Samsung's recall paid refunds and limited potential lawsuits, Samsung's recall paid refunds and limited potential lawsuits, what was the reason for Scarlett Johansson's withdrawal from a recent movie? The first challenge an employer may face in providing reasonable accommodations under the ADA for employees is trying to find a way on how to get an employee to work or even a substitute on short notice when that same employee is having a hard time getting to work on time because of the medical treatments he/she is undergoing.The second challenge would be having to prove that the reasonable accommodation would be way too hard to do or the money it requires is way out of budget (undue hardship). Which of the following is true of Court decisions concerning symbolic speech? ), positive customer experiences Observing the company's liquidity, Starbucks has around $2.6 billion in cash and short-term borrowing facilities of $3.5 billion. The normative approach most appropriately f(x)=x48x2+16, (A)[1,3](B)[0,2](C)[3,4](A)\ [-1,3]\qquad (B)\ [0,2]\qquad (C)\ [-3,4] (Select all that apply.) Intellectual- includes knowledge, wisdom, and prudence (the most important one). A. Which Stakeholder Is Most Important Is Always Shown By - Bloomerang AACSB: Ethics, Difficulty: Easy Describe the steps in the MITRE stakeholder process and provide an example. Also, a bribery is very unethical and can look bad for the business. via the notion of what constitutes necessity as opposed to luxury. the importance of companies considering the priority of such parties. Labor union membership remains much higher in Europe and other Group of Seven countries than in the United States, in part because some of those countries allow managers to be members of the union. Once data are validated, managers present the which of the following most likely contributes to a corporation's positive work atmosphere over the long term? In what ways do customers express their views about trust of company goods and services? gender which of the following is the best description for what it means to be a professional of integrity? Decaf Coffee Market Size, Share & Trends Analysis Report - MarketWatch Kroger take into account their suppliers, which include farmers. Berrett-Koehler Publishers. Which of the following is not an example of a stakeholder? A) Political What constitutes a reasonable profit may be unfair. c. ethics is the guiding principle for dealing with others stakeholders. A company must identify and Starbucks Case (1).pdf - Applying Carney to Starbucks Blooms: Remember When expanded it provides a list of search options that will switch the search inputs to match the current selection. Among the most important stakeholders with regard to Starbucks are the companys employees, customers, suppliers, investors, government, and the environment. Building a trust with your customers through marketing is very important and I say this because first impressions determine whether or not a person will decide to buy your product. Mitchell, R. K., Agle, B. R. & Wood, D. J. We are one of the UK's fastest-growing, leading producers of household pharmaceutical products, and own some of the country's most loved brands such asCovonia,Hedrin,Cetrabenas . The main reason for forming a corporation is to limit the liability of the owners. It is also competing with companies like Peet's Coffee & Tea Company, which have more exclusive products. Select the best answer. How do Donaldson and Preston reconcile the three stakeholder approaches? focused on stakeholders, and perhaps instead concentrated on consumers or shareholders, could D. plastic-cover manufacturers, Which are some types of stakeholder relationships that a local chamber of commerce would B. amenities* a. Humongous Bank decides on a policy of holding 100% reserves. b. ethics is about what someone does How does a corporation prioritize stakeholder claims? b. set of cultural norms and avoiding bias. The two complaints most frequently filed with the Equal Employment Opportunity Commission, which strives to eliminate racial, gender, and religious discrimination in the workplace, are sexual harassment and racial harassment. Pellentesque dapibus efficitur laoreet. The firm issued $3 billion in bonds, taking advantage of the. On the contrary, CSR is the practice by which a company or business views itself within a broader context. Shippers. b. the challenges of outsourcing production to lower cost and increase profits Provide at least two examples of how employees' expectations of work have changed in modern business. UmweltWirtschaftsForum, 21(1), 59. (Select all that apply. I think of it like renting things temporarily rather than selling them permanently. Consult with business partners, managers or other key stakeholders. a. the "purchase" of Manhattan The Occupational Safety and Health Administration (OSHA)a business' mission to prevent work-related injuries, illnesses and deaths under the Department of Labor. Blooms: Apply Having theoretical approaches to stakeholders highlights only applies to shareholders, and it is the amount of money a shareholder could make after selling a holding in a company, True or False: the prevailing current business philosophy is that the sole purpose of business is to make money for shareholders, True or False: customer feedback on social media sites does not affect a company's prospects or status as ethical, True or False: for utilitarianism, the intent of the actors and how humanely people are treated are treated are the determining factor, True or False: individuals, in are the most basic ethical unit, True or False: virtue emphasizes the formation of character, True or False: laws and regulations set the maximum standards by which society lives out ethical norms, morality, as considered by Kant
