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Posts tagged as “Economics exam”

Business Ethics and Social Responsibility QA

Business Ethics and Social Responsibility True / False Questions 1. Business ethics refers to principles and standards that determine acceptable conduct in business organizations. True    False 2. Ethics and social responsibility mean the same thing. True    False 3. All business decisions cannot be judged as right or wrong, ethical or unethical. True    False 4. The most basic ethical concerns have been codified by laws and regulations that encourage businesses to conform to society’s values and norms. True    False 5. All a business has to do to maintain ethical conduct is to follow the law. True    False 6. Only for-profit organizations have to worry about ethics…

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…