define each term. 1. Common goods 2. Civic Engagement 3. Democracy 4. Direct democracy 5. Elite theory 6. Government 7. Ideology 8. Intense preferences 9. Latent preferences 10. Majority rule 11. Minority rights 12. Monarchy 13. Oligarchy 14. Partisanship 15. Pluralist theory 16. Political power 17. Politics 18. Private goods 19. Public goods 20. Representative democracy or Republic 21. Socialism 22. Totalitarianism

define each term. 1. Common goods 2. Civic Engagement 3. Democracy 4. Direct democracy 5. Elite theory 6. Government 7. Ideology 8. Intense preferences 9. Latent preferences 10. Majority rule 11. Minority rights 12. Monarchy 13. Oligarchy 14. Partisanship 15. Pluralist theory 16. Political power 17. Politics 18. Private goods 19. Public goods 20. Representative democracy or Republic 21. Socialism 22. Totalitarianism

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

1. Crane and Matten define ethical theories as “the______ and principles that determine right and wrong for a given situation. 2. De George (1999) suggests two extremes in locating a place for ethical theory. What are these two extremes? a) Normative / instrumental. b) Moral / immoral. c) Absolutism/relativism. d) Religious / non-religious. 3. Consequentialist ethical perspectives base their moral judgment on the motivations and/or principles of the actors. a) True b) False 4. Match the major normative theories of business ethics with the rules they employ. a) Egoism = Self-interest b) Utilitarianism = Act or rule utility c) Ethics of duties = Categorical imperative d) Rights and justice = Respect for human beings 5. What, according to Theory, are the main problems with utilitarianism? Please select all that apply. a) Distribution of utility b) Subjectivity c) Limited social acceptability d)…
1) Are CEOs and key executives worth the large pay packages they receive? Explain. 2) Do you agree with Peter Drucker that corporate executives should receive compensation packages no larger than a percentage of the pay of hourly workers? Explain. 3) Do you think that executives in the broader public sector, such as hospital executives, should receive such large pay packages?
Film subject Justin Rosenstein says, “ You look over at the other [political] side, and you start to think, ‘How can those people be so stupid? Look at all of this information that I’m constantly seeing. How are they not seeing that same information?’ And the answer is: they are not seeing that same information.” Do you think it’s important for everyone to have the same set of facts? Do you follow people and sources you disagree with? Why or why not?
Auva and Chad knew that they wanted more out of life. Auva works as an inspector for the city health department, which involves inspecting restaurants and food service establishments to see whether they are operating according to local laws. Chad worked as an insurance agent for the first 10 years of their marriage and stays at home even though their kids are old enough to take car of themselves. Their home is paid for and their oldest daughter has received a scholarship to attend their local state university. Their son, Chester, is a senior in high school. Neither Auva nor Chad has much experience in owning or operating a small business, yet this is what they want to do when their son graduates from high school. They have been frugal and have saved over $200,000 for this venture. Auva will not be quitting her job for a while. This will leave Chad with the responsibility of running the business. What type of business to start and why?
1Identify the ethical issues of which Albert needs to be aware. 2. Discuss the advantages and disadvantages of each decision that Albert could make and has made. 3. Identify the pressures that have brought about these issues.4. What would have you done if you were Albert. Justify your standpoint with an ethical theory.5. Discuss in detail the theories- Utilitarian and kantianism. How do the theories contrast each other and which according to you gels well with your moral standpoint.
What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been? The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate insider wants to buy or sell shares in the firm where he or she works?
Recurrent scandals and instances of official mischief in government pose a greatthreat to the democratic notions of the rule of law. By engaging in the misuse ofoffice for self-gain, corrupt representatives of the people illegally putthemselves above the law. Moreover, a public official’s wrongdoing underminesthe argument that all people are created equal. Nonetheless, the culture ofwhistle-blowing is increasingly discouraged for a number of reasons.A)Explain four (4) implications of corruption in public administrationB)Discuss a number of reasons that deter individuals from engaging in whistleblowing
we've gotten to see how Adler would address challenges facing a democratic socialist society. In Chapter 6, he further elaborates upon his proposal, arguing that democratic socialism is up to the challenge of addressing the six crises. Evaluate Adler's argument. Some questions you might consider are: are there any obstacles to democratic socialism which Adler does not address? Are there any which he does not effectively respond to? What social or economic forces are at the heart of his democratic socialist society--how is this thing supposed to work? What's the logic of that system? For a given crisis which you care about and think needs to be solved, how successful is Adler in demonstrating that democratic socialism is the solution.
Howdomanagerssolveproblemsandmakedecisions?Identifyanythree(3)quantitativetoolsthatareusedinaidingtheprocess.b).James,yourbigbrotherjustgraduatedwithasecondclassdegreeinsoftwareengineering.HehasbeenemployedbyTotalGhana.Onthefirstdayofwork,aspartofhisorientation,hewasintroducedasthenewmanagerinchargeofthefleetmanagementsoftwaredepartment.Duringlunchtimehehadacallfromyourmumabouthisnewjob.Jamestoldmumheisthemanageroffleetmanagementsoftwaredepartment.Yourmumcalledyouonphoneandaskedyoutoexplainthefollowing:(i)whoisamanager?(ii).whatarehisfunctions?(iii)aretheanylevels?
Most people think of them as the walking dead, a being without a soul or someone with no free will. This is true. But the zombie is not an alien enemy who’s been CGI-ed by Hollywood. He is a New World phenomenon that arose from the mixture of old African religious beliefs and the pain of slavery, especially the notoriously merciless and coldblooded slavery of French-run, pre-independence Haiti. In Africa, a dying person’s soul might be stolen and stoppered up in a ritual bottle for later use. But the full-blown zombie was a very logical offspring of New World slavery. write this paragraph on your word
The Ice Cream Men Who would have thought that two ex-hippies with strong interests in social activism would end up starting one of the best-known ice cream companies in the country—Ben & Jerry’s. Perhaps it was meant to be. Ben Cohen (the “Ben” of Ben & Jerry’s) always had a fascination with ice cream. As a child, he made his own mixtures by smashing his favourite cookies and candies into his ice cream. However, it was not until his senior year in high school that he became an official “ice cream man,” happily driving his truck through neighbourhoods filled with kids eager to buy his ice cream pops. After high school, Ben tried college but it was not for him. He attended Colgate University for a year and a half before he dropped out to return to his real love: being an ice cream man. He tried college again, this time at Skidmore, where he studied pottery and jewellery making. In spite of his selection of courses, he still did not like it. In the meantime, Jerry Greenfield…
.Managersusuallydeterminethequalityofinformationusingdifferentcriteriawithat leastthreedimensions.Listandbrieflydescribethecriteriaundereachdimensionina wayitshowshoweachcriterionisappliedtoevaluatethequalityofinformation.