FINAL REVIEW Fall 2024

Front

Which of these describes the area of applied ethics that focuses on real-world situations and the context and environment in which transactions occur? Business Ethics, Normative ethics, Ethical relativism, Virtue ethics, Stewardship

Back

Business Ethics

Front

Samantha, manager at ABC International, is facing situations and predicaments in which there is not an optimal or desired choice to be made between two options, neither of which solves her issue or delivers an opportunity that is ethical. Samantha can be described as facing which of these?

Back

Ethical dilemma

Front

Which of these describes someone who creates a new ethical norm? Servant leader, Compliance officer, Stakeholder, Corporate leader, Moral entrepreneur

Back

Corporate leader

Front

Our choices and decision-making processes and our moral principles and values that govern our behaviors regarding what is right and wrong are also part of ethics.

Back

True

Front

Unfortunately, the rights principle is grounded in legal but not moral rights.

Back

False

Front

“W” in the SWOT analysis stands for _____?

Back

weaknesses

Front

Which of the following is NOT a force in Porter’s industry analysis model? Supplier power, Threat of substitutes, Employee Power, The threat of new entrants, Industry rivalry

Back

Employee Power

Front

"R" in VRIO refers to which of these? Rate, Rarity, Result, Retail, Random

Back

Rarity

Front

In PESTEL, factors are characterized as opportunities or threats.

Back

False

Front

To achieve a competitive advantage over rivals in the industry, the successful cost leader tightly controls costs throughout its value chain activities.

Back

True