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Posts published in “Economics Exam”

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Suggested Additional Assignments Research Ask students to bring to class a newspaper, magazine, or internet article that raises ethical issues regarding a US company doing business overseas. They should be prepared to identify the ethical issues and discuss them using the checklist in the chapter. Interview: Businesspeople on Ethics Each student (or group of students) can interview a business person about ethics dilemmas they have faced? How did they handle them? Did they make the right decisions? Do they wish they had made a different choice? What were the impacts of their decisions on their…

Business and Staffing Strategies

Business and Staffing Strategies LEARNING OBJECTIVES After studying this chapter, you should be able to: Explain how different staffing strategies support different business strategies. Describe the resource-based view of the firm and how staffing can contribute to a company’s sustainable competitive advantage. Explain when an organization would use talent-oriented rather than job-oriented staffing. Describe human capital advantage and human process advantage and the differences between them. Describe the strategic staffing decisions any organization must make. TAKEAWAY POINTS If a firm seeks to achieve a competitive advantage, its staffing strategy should support its business strategy. Different strategies require different types of…

Air Pollution Balancing Benefits and Costs

Air Pollution Balancing Benefits and Costs True/False Questions 1. Urban air quality is measured in terms of atmospheric concentrations of six common air pollutants. ANSWER: T 2. Global warming is caused by the accumulation of greenhouse gases. ANSWER: T 3. Reduction in stratospheric ozone could cause global warming to occur at a faster pace. ANSWER: F 4. Measurements taken to date show no significant decrease in the ozone layer. ANSWER: F 5. When external costs exist the market outcome will generally be inefficient. ANSWER: T 6. When a marginal external cost exists, the market produces an amount that is greater…