When a manager needs to make a decision using the ethical decision-making process and reaches the second stage, they check whether the decision violates the c. fundamental rights of any stakeholders
The ethical decision-making process involves making decisions that are consistent with the relevant ethical views of the company which it draws from the society it is based in.
The second stage of this process involves checking whether the ethics involved in a certain decision, would violate the fundamental rights of shareholders which include:
- The right to ownership
- The right to Dividends
- The rights to evaluate corporate decisions
- The right to voting power
This is to ensure that the shareholders are taken care of because the first duty of a manager is to their shareholders.
In conclusion, managers need to check whether a decision affects the fundamental rights of shareholders before they embark on it.
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The options for this question include:
a. utilitarian beliefs
b. the global commons
c. the fundamental rights of any stakeholders
d. home country values
Answer:
True.
Explanation:
The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.
MICROeconomics refers to the effects and purchasing decisions of individuals.
This differs from MACROeconomics which focuses on large scale views of things that affect the economy as a whole like inflation and interest rates.
Answer and explanation:
The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:
- Exit:<em> implies quitting or requesting a change of roles within the same organization.
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- Voice: <em>involves providing constructive suggestions about a stressful situation.
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- Loyalty:<em> implies waiting for the issue to be solved by others.
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- Neglect:<em> involves reducing labor efficiency to harm the company's performance.
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Thus, in the example, the<em> exit (employee who quits), voice (employee who complains), </em>and<em> loyalty (employee who does nothing)</em> reactions are used by employees even if they share the general idea that payments are low.
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