United Methodist University Business Ethics Questions Discussion

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Question Description

Business Ethics
Consider the following questions from your studies in business ethics. Use your own words and go into some detail when responding to each question; a 3-4 sentence response should be sufficient for most questions. You may refer to your notes from lectures, discussions, our text, and outside resources, but I am looking for your individual analysis in every response. Make sure to focus your responses on the ethical aspects of the issue in question and respond to all parts of the question directly. Back up your claims with good reasoning. Each question is worth one point; a total of 14 points can be earned.
1) What ethical dilemmas may be raised for businesses specifically due to expanding technological
abilities?
2) Read the piece from the Center for Ethical Business Cultures in the Supplement section called “Expectations”. Do you agree that there is a “Trust Gap” between business and the general public that needs addressing?
3) How could the public combat the type of corporate misdeeds featured in “The Corporation”?
4) There is a longstanding history of gender inequality in the U.S. workplace, including wage discrepancy.
Explain why this is not an acceptable situation.
5) What do you make of Rawl’s assertion that”… social and economic inequalities, for example
inequalities of wealth and authority, are just only if they result in compensating benefits for
everyone, and in particular for the least advantaged members of society”?
6) Would Marx agree that issuing a stimulus check to laid-off workers would increase their human dignity?
7) What would be some important ethical considerations in protecting workers from COVID-19 in meat
processing plants?
8) What kind of moral obligations should employees be expected to hold towards their
employer/organization in today’s workplace?
9) Review the Minnesota Principles on Global Business Ethics in Supplemental Readings. Choose one
of the Stakeholder Principles (customers, employees, investors….), and discuss how businesses
might be convinced to follow the specific guidelines mentioned.
10) The goal of advertising may be seen as creating the compulsive desire to purchase a product. Is
this a problem that should somehow be controlled/regulated?
11) Describe the type of character most suited for organizational leadership, according to the Virtue Ethics
of Aristotle.
12) After reviewing “There’s No Such Thing as Business Ethics” in Supplemental Readings, discuss how a
business organization might best succeed with a “Golden Rule” philosophy in its leadership.
13) Beyond concerns over COVID-19, what do you believe to be the most significant ethical issues facing
business today, and what would you suggest as a general approach to dealing with those issues?
14) Which ethical principle, concept, or theory you learned about will be the most useful to your future
ethical decision-making as a business professional?
 
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HI6007 Unit Name: Statistics for Business Decisions

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Assignment: Tutorial Questions 1
 
Due: 11:30pm 15th May 2020
 
Weighting:  25%
 

Total Marks: 50 marks

 
Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this unit
 
Unit Learning Outcomes Assessed:
 

  1. Students are able to apply appropriate business research methodologies to support decision-making process.
  2. Students are able to identify and apply valid statistical techniques in a given scenario to solve business problems.
  3. Students are able to justify and interpret the results of a statistical analysis in the context of critical reasoning for a business problem solving.
  4. Students are able to apply statistical knowledge to summarize data graphically and statistically, either manually or via a computer package.
  5. Students are able to justify and interpret statistical/analytical scenarios that best fit business solution.
  6. Students are able to justify value and limitations of the statistical techniques to business decision making.

 
Description: Each week students were provided with three tutorial questions of varying degrees of difficulty.  These tutorial questions are available in the Tutorial Folder for each week on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions.  Your task is to answer a selection of tutorial questions for weeks 2 to 6 inclusive and submit these answers in a single document.
 
The questions to be answered are;
 
Week 2
Question 1 (10 marks)
 
In your own words, differentiate the following statistical terminologies with some examples.

  1. Population Parameter and Sample Statistic                                                                 (2.5 marks)
  2. Descriptive Statistics and Inferential Statistics                                                                 (2.5 marks)
  3. Nominal Scale and Ordinal Scale                                                                                 (2.5 marks)
  4. Primary Data Source and Secondary Data Source                                                 (2.5 marks)

Week 3
Question 2 (10 marks)
 
Data showing the population by state in millions of people follow (The World Almanac, 2012).  The dataset in Excel file 2012Population.xlsx.

  1. Develop a frequency distribution, a percent frequency distribution, and a histogram.
         Use a class width of 2.5 million. (4 marks)
b. Does there appear to be any skewness in the distribution? Explain. (3 marks)
c. What observations can you make about the population of the 50 states? (3 marks)

 
Week 4
Question 2 (10 marks)
 
Forty-three percent of Americans use social media and other websites to voice their opinions about television programs (the Huffington Post, November 23, 2011). Below are the results of a survey of 1364 individuals who were asked if they use social media and other websites to voice their opinions about Television programs
 

  Uses Social Media and Other Websites to Voice Opinions About Television Programs Doesn’t Use Social Media and Other Websites to Voice Opinions About Television
Programs
Female 395 291
Male 323 355

 

  1. Show a joint probability table.                                                                                   (2 marks)
  2. What is the probability a respondent is female?                                                              (2 marks)
  3. What is the conditional probability a respondent uses social media and other websites to voice opinions about television programs given the respondent is female? (3 marks)
  4. Let F denote the event that the respondent is female and A denote the event that the respondent uses social media and other websites to voice opinions about television programs.

Are events F and A independent?                                                                                             (3 marks)
 
Week 5
Question 3 (10 marks)
 
The average starting salary for this year’s graduates at a large university (LU) is $20,000 with a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normally distributed.
 

  1. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400? (3 marks)
  2. What is the probability that a randomly selected LU graduate will have a salary of exactly $30,400? (2 marks)
  3. Individuals with starting salaries of less than $15600 receive a low income tax break.

What percentage of the graduates will receive the tax break?                       (2 marks)

  1. If 189 of the recent graduates have salaries of at least $32240, how many students graduated this year from this university? (3 marks)

 
Week 6
Question 3 (10 marks)
 
The College Board reported the following mean scores for the three parts of the SAT (The World Almanac, 2009):
Critical reading                  502
Mathematics                      515
Writing                                 494
Assume that the population standard deviation on each part of the test is 100.
 

  1. What is the probability that a random sample of 90 test takers will provide a sample mean test score within 10 points of the population mean of 502 on the Critical reading part of the

test?                                                                                                                                                 (4 marks)
 

  1. What is the probability that a random sample of 90 test takers will provide a sample mean test score within 10 points of the population mean of 515 on the Mathematics part of the test? Compare this probability to the value computed in part (a). (6 marks)

 
Submission Directions:
 
The assignment has to be submitted via Blackboard.  Each student will be permitted one submission to Blackboard only.  Each student needs to ensure that the document submitted is the correct one.
 
 
             
 
Academic Integrity
Academic honesty is highly valued at Holmes Institute. Students must always submit work that represents their original words or ideas. If any words or ideas used in a class posting or assignment submission do not represent the student’s original words or ideas, the student must cite all relevant sources and make clear the extent to which such sources were used. Written assignments that include material similar to course reading materials or other sources should include a citation including source, author, and page number.
In addition, written assignments that are similar or identical to those of another student in the class is also a violation of the Holmes Institute’s Academic Conduct and Integrity Policy. The consequence for a violation of this policy can incur a range of penalties varying from a 50% penalty through to suspension of enrolment.  The penalty would be dependent on the extent of academic misconduct and the student’s history of academic misconduct issues.   All assessments will be automatically submitted to SelfAssign to assess their originality.
 
Further Information: 
For further information and additional learning resources, students should refer to their Discussion Board for the unit.
 

 
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MGT321 Saudi Electronic University International Business Questions

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Critical Thinking
Read the Management Focus on, “NAFTA’s Tomato Wars,” available in attachment, and answer the following questions:
 
Assignment Question(s):                                                    

  1. Was the establishment of a minimum floor price for tomatoes consistent with the free trade principles enshrined in the NAFTA agreement?

 

  1. Who benefits from the importation of tomatoes grown in Mexico? Who suffers? Give arguments in support of your answer.

 

  1. Do you think that Mexican producers were dumping tomatoes in the United States? Give reasons.

 

  1. What do you think will be the impact of the new higher floor price? Who benefits from the higher floor price? Who suffers? Give logics.

 

  1. What do you think is the optimal government policy response here? Explain your answer.

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University of Wisconsin Oshkosh Business Capstone Questions

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  1. The Balanced Scorecard pays close attention to all of the following stakeholders EXCEPT:
  2. list of stakeholder on which balance scorecard pays attention
  3. The sales of stand-alone cameras has been imploding over the last several years and the units sold have fallen ~80% since 2010 as people are, instead, using the cameras on their phones. This is an example of:
  4. Which of the following is LEAST relevant when doing proper forecasting of next year’s sales for a given customer segment in Capsim?
  5. A firm can achieve differentiation through all of the following means EXCEPT:
  6. Consider the idea of Wal*Mart’s Value Chain. Knowing that they are broad and low cost, which of the following value chain activities do you think is MOST important to their success?
  7. A successful differentiation strategy increases rivalry since buyers become more price-sensitive.
  8. A move to the use of the Triple Bottom Line to measure company performance reflects the fact investors no longer place much value on the financial performance of companies.
  9. Which of Porter’s Five Forces deal(s) with INDIRECT competitors?
  10. Which of Porter’s Five Forces deal(s) with DIRECT competitors?
  11. Firms would be most likely to face intense rivalry with competitors when they:
  12. Given what you know about the Balanced Scorecard in use in Capsim, which of the following stakeholders do you believe is the MOST important to your firm, or more importantly, to your ability to keep your job as a manager?
  13. Overall, the biggest threats faced in Capsim tend to be related to:
  14. Overall, the biggest threats faced in Capsim tend to be related to: Group of answer choices Cannibalization Predation Substitution Imitation
  15. Thinking of the simulation and the values that you have access to, which of the following Value Chain activities do you think is/are MOST important to your success as a company?
  16. which of the following Value Chain activities do you think is/are MOST important to your success as a company? Group of answer choices Service . Procurement Outbound logistics Operations All of the above are equally important
  17. The area over which a firm has the LEAST amount of control is: Group of answer choices General environment Industry environment Value chain activities Actually, the firm has about the same amount of control over all of these areas Actually, the firm has very little control over any of these areas
  18. The more customers there are of a given product/input, the more powerful that group of customers becomes.
  19. In terms of using the Value Chain Analysis once it has been laid out, a good rule of thumb is keep everything in-house that you can.
  20. Scanning the general environment would identify information on
  21. Advertising is a __________ (primary/support) activity. The purchasing of raw materials is a __________ (primary/support) activity.
  22. Successful companies do not have to adjust their intended strategy over time.

 
 
 
Short essay questions
When doing a value chain analysis, you first have to fill up the boxes, explaining how each of the value chain activities is performed. After identifying activities that are key to company performance, you can use all of that information to help shape company strategy and make it perform better. Given the information above, how should a company proceed?
 
There are three numbers needed in order to arrive at a unit forecast in Capsim. Name them.
 
 
One of the things we talked about with JGMA was their product scope. On the company’s website, they have a particular way of organizing their products, but we also emphasized describing the products the way that normal people generally talk about buildings and other architectural products.
 
What is the difference between cost and price?
 
One value chain activity that Nike DOES NOT outsource is Marketing. Why do you think they continue to do that in-house? Be specific.
 
A key part of forecasting in Capsim is to predict the next year’s Customer Survey Score. Part A (4 points) To estimate, you start with a Raw Score, which is made up for four different components. What are those four components?
 
Part B (3 points) Once you have the Raw Score, there are two main areas that can lead to a reduced Customer Survey Score. What are those two areas? (Note: this is different from the four components from Part A.)
 
 

 
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