How Does Being Good Pay Off? Organizations are under increasing pressure to do the right thing and serve the public good, and there are a multitude of ways that organizations can be ethical and socially responsible. Although organizations should always consider ways to do this, these decisions often come at a financial cost and thus create dilemmas for organizational decision makers. This activity is important because it highlights the ways that being socially responsible is beneficial for organizations. The goal of this exercise is to challenge your knowledge of research findings on how being ethical and socially responsible pays off for organizations. Listed in the diagram are statements showing how ethical and socially responsible behavior by a company affects various stakeholders. Read the statements and then drag each term to the element of ethical or socially responsible behavior that it best represents Interpersonal Relationships Employees Profits Stock Price Revenue Customers Consumers want to Socially responsible spend more money companies generate An ethical scandal can cause a with companies that significantly higher 5- year returns on are socially company's valuation invested capital responsible to plummet Workers may be happier and less likely to leave when their company is socially responsible Companies with Investors are effective ethics and increasingly seeking compliance cultures socially responsible find their employees companies to put are less likely to their money into retaliate against one another

Answers

Answer 1

Answer:

How Does Being Good Pay Off?

Effects of ethical and socially responsible behavior by a company on various stakeholders:

1. Consumers want to spend more money with companies that are socially responsible.

Customers

2. Socially responsible  companies generate significantly higher 5- year returns on invested capital.

Profits

3. An ethical scandal can cause company's valuation to plummet.

Stock Price

4. Workers may be happier and less likely to leave when their company is socially responsible.

Employees

5. Investors are increasingly seeking socially responsible companies to put their money into.

Revenue

6. Companies with effective ethics and compliance cultures find their employees  are less likely to  retaliate against one another.

Interpersonal Relationships

Explanation:

a) Stakeholders Effects:

Interpersonal Relationships

Employees

Profits

Stock Price

Revenue

Customers

b) Organizations are not only under pressure to do right, but many have discovered that it pays more in both revenue and profits to do right.  The society has given organizations the opportunity to move in the right direction, and they should never lose it because the consequences of neglecting this onerous duty are too dear to contemplate.


Related Questions

Sovereignty can best be described as ________.

Answers

Answer:

a government asserting control over and responsibility for its citizens and their actions.

Explanation:

Sovereignty means the power, right and ability of a government to exercise control over itself without any foreign or external control. It means the state of being supreme in authority.

Sovereignty enables a state or a government have total control over its citizens without external influence and also gives a state the capacity to enter into relations with other states. Sovereignty gives power to the people to have their leaders or government elected hence important because such government must be respected due to its sovereign status.

How is opportunity cost related to scarcity?

Answers

Answer:

This concept of scarcity leads to the idea of opportunity cost. The opportunity cost of an action is what you must give up when you make that choice. Another way to say this is: it is the value of the next best opportunity. Opportunity cost is a direct implication of scarcity

Explanation:

How can network effects lead the industry to become an oligopoly?

Answers

Answer:

We analyze oligopolistic competition in a multi-period dynamic setting for goods with network effects. Two or more infinitely-lived firms produce incompatible products differentiated in their inherent quality. Consumers live for a single period and receive the network effect of the previous period’ s sales.

Explanation: I did my own research

Candra has compiled her rewritten notes, vocabulary lists, potential test questions and her previous tests. Which main component to a strong study guide is she missing? a. Class notes c. Graphic organizers b. Flashcards d. None of these

Answers

Answer:

the answer is C

Explanation:

i just took the test hope this helps

Graphic organizers is the main component to a strong study guide is she missing. Hence, option C is correct.

What is Graphic organizers?

A visual and graphic display known as a graphic organizer shows the connections between vocabulary, concepts, and facts within a learning task. In addition to being known as graphic organizers, knowledge maps, concept maps, story maps, cognitive organizers, advance organizers, and concept diagrams are other names for them.

Students are supposed to use this graphic organizer from The Resourceful Teacher to arrange information by responding to the 5 Ws: who, what, when, where, and why.

In any topic area, graphic organizers are beneficial teaching resources. They serve as a pre-writing aid for essays, assist students in organizing their thoughts and ideas for answering questions, and present information visually.

Thus, option C is correct.

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Jorge and Anita, married taxpayers, earn $150,000 in taxable income. Using the 2019 U.S. tax rate schedule for married filing jointly, how much federal tax will they owe_______

Answers

Answer:

the  federal tax owed is $24,717

Explanation:

The computation of the federal tax owed is shown below:

Given that

Taxable income= $150,000

The status is married and filed jointly

Now the federal tax is

= $9,086 + 22% of ($150,000 - $78,950)

= $9,086 + 22% of $71,050

= $9,086 + $15,631

= $24,717

Hence, the  federal tax owed is $24,717

The same is to be considered and relevant

give example of chief operating officer​

Answers

Answer: COO (Chief Operating Officer) – definition and example. ... “A Chief Operating Officer (COO) is the corporate executive who oversees ongoing business operations within the company.” “The COO reports to the CEO and is usually second-in-command within the company.”

Explanation:

Design and implement business strategies, plans and procedures.

Set comprehensive goals for performance and growth.

Establish policies that promote company culture and vision.

Oversee daily operations of the company and the work of executives (IT, Marketing, Sales, Finance etc.)

The daily water consumption for an Ohio community is normally distributed with a mean consumption of 850,125 gallons and a standard deviation of 64,190 gallons. The community water system will experience a noticeable drop in water pressure when the daily water consumption exceeds 934,672 gallons. What is the probability of experiencing such a drop in water pressure? (Round your answer to 4 decimal places. Round Z-scores to 2 decimal places.)

Answers

Answer:

908.315

Explanation:

Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began to sell jewelry through its door-to-door sales force. This involved marketing new products through existing channels of distribution. It also is now selling its products by mail order and has opened retail stores. Avon is an example of a company effectively using which strategy?

Answers

Answer:

diversification strategy

Explanation:

In Business, diversification strategy refers to the strategy that company implemented in order to enter more than one markets in their overall operation.

Diversification strategy can be done by creating different varieties of products. This will help the company obtain new batch of costumers with different taste/preference who cannot be obtained with their old products.

On top of that, diversification also can be done by selling the products in different methods. This usually made to target different customers who have their own preference in shopping's. For example, if a company is used to sell most of their products through store, opening an online store would be one good example of divarication through different selling methods.

You are considering whether you should go out to dinner at a restaurant with your friend. The meal is expected to cost you $50, you typically leave a 20% tip, and a round-trip Uber ride will cost you $15. You value the restaurant meal at $30 and the time spent with your friend at $50. You should ____ to dinner with your friend because the benefit of doing so is _____ than the cost.

Answers

Answer:

Kindly check explanation

Explanation:

Expected cost = $50

Tip = 20% = (0.2 * $50) = $10

Round trip transportation = $15

Total cost = ($50 + $10 + $15) = $75

Benefit derived from going to dinner :

Value of meal = $30

Valuation of time spent = $50

Total value of benefit = ($30 + $50) = $80

Since, the benefits exceed the cost, $80 > $75

Then, You should __go__ to dinner with your friend because the benefit of doing so is __greater___ than the cost.

The Federal Reserve decreases the money supply in the United States causing interest rates to increase.Draw correctly labeled graphs to show how the increased interest rates in the scenario will affect the demand for the U.S. dollar and supply of the EU euro in the foreign exchange market.Based on the scenario, what will happen to the value of the EU euro

Answers

Answer:

Following are the solution to the given question:

Explanation:

Please find the graph file in the attachment.

Unless the amount of money drops, the tax rate will increase. This will impact the euro currency supplies and US dollar market, that's a supply of European union would motivate people who hold to see what's happening in Europe. It will move towards the right when it sells the euro and competition for international goods and services would rise. Throughout this scenario, US dollars will be requested through persons keeping currency apart from US dollars. They will be motivated by others.

Outline the marketing mix of Toyota​

Answers

Explanation:

Toyota's marketing mix 4ps determines that company's strategies for its product mix place or distributation marketing communications or proof emotional mix and pricing its current global sir says partly indicates Toyota's effectiveness and implementing its marketing mix

Within the music industry, four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. The music industry operates in a(n) _____ market structure.

Answers

Answer:

oligopoly

Explanation:

From the question we are informed about the music industry with four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. In this case the music industry operates in

oligopolistic market structure. Oligopolistic market can be regarded as a market structure whereby there is small number of firms in the market and they have similar products/services to offer. In this market only few of the firms are ruling the majority of the Market, and there is little compitition.

In 2008, inward FDI accounted for some 63.7 percent of gross fixed capital formation in Ireland but only 4.1 percent in Japan ( gross fixed capital formation refers to investments in fixed assets such as factories, warehouses, and retail stores). What do you think explains this difference in FDI inflows into the two countries

Answers

Answer:

This difference in FDI inflows into Ireland and Japan is accounted by the prospects of economic growth.

Explanation:

Ireland is a growing economy.  Japan's economy has been shrinking for some years now.  Ireland has improved its competitiveness.  It is providing better open, transparent, conducive, and dependable investment environment for both foreign and domestic firms to thrive.  It has eased the doing of business  in the economy, provided access to imports and exports trade, and boasts of a relatively flexible labor market.  These are backed by enhanced protection of intellectual property rights.

How does the analysis from the supplier position and supplier preferencing models affect how a purchasing manager plans to do business with suppliers?

Answers

Explanation:

The analysis of the supplier's position and the supplier's preference models affect how a purchasing manager plans to do business with suppliers in the sense that, through these models, purchasing managers obtain more information to analyze their preferences, that is, it is a tool that allows purchasing managers to choose the ideal supplier according to their essential criteria, it is possible to choose a supplier based on market reputation, quality, price, etc., making the supplier decision making process more aligned to the purposes and organizational goals and more effective.

If good 1 is on the horizontal axis and good 2 is on the vertical axis, then an increase in the price of good 1 will not change the horizontal intercept of the budget line. True False

Answers

Answer:

False

Explanation:

If the price of good 1 increases, then the price intercept will shift to the left (decrease towards origin). The horizontal intercept shows us the total amount of goods purchased if only good 1 is purchased. E.g. if good 1 originally cost $10 and the total budget is $100, the horizontal intercept will be 10. If the price of good 1 increases to $20, the horizontal intercept will be 5.

50 POINTS!! :) The graph shows the marginal cost of producing soccer cleats for Sabrina’s Soccer.
At which level of production does the company make the most profit?

the first pair of cleats
the second pair of cleats
the third pair of cleats
the fourth pair of cleats

Answers

Answer:

pretty sure the 1st pair because on the graph it shows thay make $7 and yeh rest make like no more than 5 dolars

Explanation:

Production is termed as the manufacturing of the raw materials in the machines or the advanced technology in order to produce products and services for the demand fulfillment of the customers.

The correct answer analyzing the graph is the first pair of cleats.

The marginal cost is the cost that is incurred at the change in the total cost at the situation when the production of the goods and services increases and the quantity demanded changes. This is computed by dividing the change in cost by the change in the quantity of the goods and services produced for the consumption of the customers.

In the graph shown here, the cleats are the metal material that has been utilized for the curve showing the level of production in the graph of the soccer cleats. In the graph shown here, the cleats are the metal material that has been utilized for the curve showing the level of production in the graph of the soccer cleats.  

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how can good boilerplate tersm and conditions of contract still fail to protect an orgnaization against some risk

Answers

Answer:

A boilerplate terms and conditions of contract are used for efficiency and to increase standardization in the contract’s structure and language. These are important to address a range of things such as what happens if a document is declared unenforceable, how disputes will be resolved between two parties and, which laws govern the contract, etc. The purpose of boilerplate’s terms and conditions is to protect the interest of all parties that sign the contract.

Boilerplate terms and conditions hold the company in good stead most of the times. But different companies have different styles of working, different vendors and are faced with different challenges on a day-to-day basis. Based on these parameters, some level of customization is needed in the terms and conditions of the company. Moreover, the company cannot control the external factors and they are the major sources of risk.  Because of the high volatility of external factors, companies following boilerplate terms and conditions are risk-prone.

Discuss motivation hygiene theory proposed by Fredrick Hertzberg

Answers

Answer:

This answers may help you

Subjective Questions
1. Why are professional roles important in ethics?
2. What is a strongly differentiated profession? Give examples.
3. Why some professions are not strongly differentiated? Give examples.
4. "The role of computer professional is not strongly differentiated.' Why?
Please need help in my question​

Answers

Answer:

2.look at explanation.

Explanation:

2.Profession refers to type of a job that needs special training or skill after getting certain knowledge related to particular Sector

To be considered of high quality, a product must: Select one: a. meet high specifications b. meet customers' stated expectations c. meet customers' stated and unstated expectations d. meet safety standards

Answers

Answer:

D

Explanation:

meet safety standards

2. Simple versus compound interest Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question. Isabella deposited $1,400 in a savings account at her bank. Her account will earn an annual simple interest rate of 6.6%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 13 years? $3,213.45 $192.40 $1,498.50 $2,601.20 Now, assume that Isabella’s savings institution modifies the terms of her account and agrees to pay 6.6% in compound interest on her $1,400 balance. All other things being equal, how much money will Isabella have in her account in 13 years? $1,492.40 $3,213.45 $2,601.20 $212.09 Suppose Isabella had deposited another $1,400 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 6.6% but with quarterly compounding. Keeping everything else constant, how much money will Isabella have in her account at this bank in 13 years? $230.69 $192.40 $1,494.71 $3,278.78

Answers

Answer:

1. c. 2601.2

2. b. $3213.45

3. d. $3278.78

Explanation:

1. Simple Interest = Principal * Interest * Term

Simple Interest = $1400*0.066*13

Simple Interest = $1,201.2

Amount after 13 years = $1,400 + $1,201.2

Amount after 13 years = $2,601.2

2. Amount after 13 years = P(1+r)^n

= $1,400*(1+0.066)^13

= $1,400*(1.066)^13

= $1,400*2.29532222032

= $3213.451108448

= $3213.45

3. Amount after 13 years = P(1+r/n)^n*t

= $1,400*(1+0.066/4)^13*4

= $1,400*(1+0.0165)^52

= $1,400*(1.0165)^52

= $1,400*2.34198395106

= $3278.777531484

= $3278.78

Mandatory spending refers to programs in the U.S. federal budget that

Answers

Answer:

Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt. Mandatory spending accounts for about two-thirds of all federal spending.

Explanation:

Hope it helps

According to the law of supply, assuming other factors are held constant: as the supply of bread increases, the price of bread will decrease. as the supply of bread increases, the price of bread will decrease. as the price of bread increases, the quantity of bread supplied will decrease. as the price of bread increases, the quantity of bread supplied will decrease. as the supply of bread increases, the price of bread will also increase. as the supply of bread increases, the price of bread will also increase. as the price of bread increases, the quantity of bread supplied will increase.

Answers

Answer:

as the price of bread increases, the quantity of bread supplied will increase.

Explanation:

The law of supply shows the positive relationship between the price and the quantity supplied keeping all other factors constant. that means if the price of one good is increased so the quantity supplied of that good also increased

So as per the given situation if the price of bread rises so the quantity of bread supplied also rises

Therefore the last option is correct

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Units to be produced 8,000 6,500 7,000 7,500
Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.
Required:
Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is NOT adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,600 hours anyway. Any hours worked in excess of 2,600 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
Rordan Corporation Direct Labor Budget
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Direct labor time per unit (hours)
Total direct labor hours needed
Regular hours
Overtime hours 0 0 0 0 0
Wages for regular hours
Overtime wages
Total direct labor cost
$0 $0 $0 $0 $0

Answers

Answer:

Rordan Corporation Direct Labor Budget

                                                            1st            2nd           3rd           4th

                                                        Quarter    Quarter    Quarter    Quarter

Direct labor time per unit (hours)       0.35      0.35           0.35         0.35

Total direct labor hours needed       2,800       2,275       2,450       2,625

Regular hours                                    2,600      2,600      2,600       2,600

Overtime hours                                   200            0             0               25

Wages for regular hour                $31,200  $31,200   $31,200   $31,200

Overtime wages                               3,600             0              0          450

Total direct labor costs                $34,800  $31,200  $31,200    $31,650

Explanation:

a) Data and Calculations:

Rordan Corporation

Quarterly production forecast for the upcoming fiscal year:

                                      1st Quarter  2nd Quarter  3rd Quarter  4th Quarter

Units to be produced         8,000             6,500             7,000             7,500

Direct labor hours              2,800              2,275             2,450             2,625

Regular hours                    2,600             2,600             2,600            2,600

Overtime hours                    200                                                                25

Wages for regular hour $31,200          $31,200         $31,200        $31,200

Overtime wages                3,600               0                   0                      450

Total direct labor costs $34,800         $31,200          $31,200        $31,650

Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.

Regular wages = $2,600 * $12 = $31,200

Overtime wages = 200 * $12 * 1.5 = $3,600

Research the definitions of various production and operations management terms used in the textbook readings. Perform a literature search on one of these terms. Discuss how this term can impact the ability for an operation to be competitive in the 21st century. Do not use a term posted by another student.

Answers

The correct answer to this open question is the following.

Unfortunately, you did not attach the link to your textbook to know what the terms were. Without information, we do not know what you studied in the lesson.

However, trying to help you, we can share some general production and operation management terms

These are the terms I choose.

Acquisition. This term refers to the purchase of another company or the purchase of a significant asset.

Benchmarking. This is the activity companies do to compare their systems and procedures to other competitors. Companies do this to know what they are doing good and where they have some disadvantages.

Customer Satisfaction. The activity that establishes contact with clients and consumers in order to deliver the satisfaction the consumer deserves in every interaction it has with the company.

I choose to elaborate on Customer Satisfaction. This term can impact the ability of an operation to be competitive in the 21st century because it is a great differentiator when you compete with companies that offer similar products or services.

The better you treat your customers the more prone to be loyal to your brands, And that is a key to be at the top of the mind of your consumers.

If a county government decided to build parks, then the money and resources would not be available for additional fire fighters. This is an example of: misallocation of resources. misallocation of resources. opportunity cost. opportunity cost. production. production. zero-based budgeting.

Answers

Answer:

a. Misallocation of resources

Explanation:

Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.

Why is a bank more likely to offer you credit if you have a cosigner?

Answers

Answer:

Because a cosigner is another person who is also responsible for ensuring the loan is paid.

Explanation:  A cosigner is a person who is signing on to the loan and by doing so, they are jointly taking on responsibility for repayment of the loan. So basically loan repayment is being guaranteed by the person taking out the loan and the cosigner.

Fiona found that she had broken even when she sold 120 boxes of her homemade chocolate chip cookies. The rent for her bakery (payable every month) was $300. The batter for the cookies cost $2 per box. She also used chocolate chips in her cookies. She sold each box for $5. How much did Fiona pay per box for her chocolate chips?

Answers

Answer:

$0.5 per box

Explanation:

From CVP analysis,

The break-even point = Fixed cost/contribution margin per unit

For Fiona

Break-even point =$120 boxes, fixed costs = $300

Contribution margin per init = selling price - variable costs

selling price =$5: variable costs, cookies cost $2 per box, and chocolate chips

therefore

120 = $300/ Contribution margin per unit

$120 = $300/ CM

CM = $300/$120

CM = $2.5

Contribution margin = selling price - variable costs

$2.5 = $5- cookies - chocolate chips

$2.5 =$5 - $2- chocolate chips

$2.5 -$3-chocolate

chocolate chips = $3-$2.5

=$0.5 per box

Answer:

Explanation:

I believe it is 27.6 ounces

Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process 98,000 Ending work in process 81,000 Cost of goods manufactured is calculated to be: $348,000. $289,000. $297,000. $314,000. $323,000.

Answers

Answer:

cost of goods manufactured= $323,000

Explanation:

Giving the following information:

Conversion costs 221,000

Direct materials used 85,000

Beginning work in process 98,000

Ending work in process 81,000

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

Conversion costs= direct labor + allocated overhead

cost of goods manufactured= 98,000 + 85,000 + 221,000 - 81,000

cost of goods manufactured= $323,000

The cost of goods manufactured is $323,000. So, the correct option is E.

Work in process beginning (WIP), direct materials required, and conversion costs (direct labor and manufacturing overhead) must all be added to determine the cost of goods created. Finally, we remove the completed work in progress.

So, the information provided are:

Beginning WIP: $98,000

Direct materials used: $85,000

Conversion costs: $221,000

Ending WIP: $81,000

Cost of goods manufactured = Beginning WIP + Direct materials used + Conversion costs - Ending WIP

Cost of goods manufactured = $98,000 + $85,000 + $221,000 - $81,000

Cost of goods manufactured = $323,000

Therefore, the cost of goods manufactured is $323,000. So, the correct option is E.

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Your question is incomplete, most probably the complete question is:

Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used 85,000 Beginning work in process 98,000 Ending work in process 81,000 Cost of goods manufactured is calculated to be:

$348,000. $289,000. $297,000. $314,000. $323,000.

In the EFQM Excellence Model, the first step of assessing results is to: Select one: a. look at their performance b. look at their scope c. look at their measurement d. look at their relevance

Answers

Answer:

d. look at their relevance

Explanation:

The EFOM model stands for european foundation for quality management that deals in self assessing for determining the strengths and the areas in order to improve the activities of the organization

The first and foremost step for result assessment is to look to their relevance whether it is relevant or not i.e. important or not

So as per the given situation, the option d is correct

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