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Question
An effective way to avoid decision-making weaknesses and biases is to become aware of them and to incorporate steps into decision-making that are explicitly aimed at reducing their impact.Answer
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Related questions
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The ______ reason, why corporations should care about social responsibility, is based upon the recognition that business must use its power responsibly in society or risk losing it. Corporations exist as legal entities with certain advantages (such as limited liability) because society allows them to do so, and these corporate rights and advantages can be removed from firms that are perceived to be irresponsible.
a) pragmatic
b) economic
c) ethical
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A firm's financial responsibility is primary and the bedrock of corporate social responsibility because without financial viability, the other responsibilities become moot issues.
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According to Harvard Professor Michael Porter, the strategic reason for having CSR play a prominent role in a firm is that in evaluating the firm's CSR, executives should begin by scrutinizing the social impacts of the company's value chain.
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Reference: Matching Key Stakeholders and Regulatory Agencies
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Some analysts argue that the more stringent regulatory environment resulting in the post Sarbanes-Oxley period increases shareholder confidence in financial reporting.
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To make it easy to terminate a subordinate, ensure that you are being fair, that you deliver the news in a way that is aligned with your organization's values, and allow the employee to maintain his personal dignity.
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Unfortunately, given diverse activities that managers are responsible for, they play a limited role in increasing employee engagement and building an ethical culture.
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Which of the following is true?
a) Cognitive biases are the result of trying to reduce uncertainty and simplify the world.
b) Cognitive biases are an individual difference and do not affect all human beings in the same way.
c) Business executives and students are generally reserved about their knowledge of the facts.
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Most adults are at the ____________ level of cognitive moral development and their action is ____________.
a) Conventional; based on avoidance of punishment.
b) Conventional; based on what others think, say, and do.
c) Postconventional; based on the best outcome for society.
d) Postconventional; based on their religion or guiding principles.
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Kohlberg argued that the higher the reasoning stage, the more ethical the decision.
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One of the most common faults in ethical decision making is to ignore the long-term consequences of a decision.
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d) Economic, legal, ethical, and philanthropic
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Continuous performance evaluation is categorized under which of the four drivers of employee engagement?
a) Line of sight
b) Involvement
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This driver of engagement, __________, refers to the fact that employees should understand the company's strategic direction and how their individual efforts play a role in the company's revenue-generating enterprise.
a) line of sight
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