BUSINESS & SOCIETY
BUSINESS & SOCIETY MAN 4701
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This 2 page Class Notes was uploaded by Kade Labadie on Thursday September 17, 2015. The Class Notes belongs to MAN 4701 at Florida State University taught by Timothy Matherly in Fall. Since its upload, it has received 175 views. For similar materials see /class/205676/man-4701-florida-state-university in Business, management at Florida State University.
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Date Created: 09/17/15
Business and society exam 3 CH 6 What is Globalization 0 Refers to the increasing movements of goods services and capitol across national boarders FACTORS THAT LEAD TO THE ACCELERATION OF GLOBALIZATION Technology innovation Transportation systems The rise of major transnational corporations Social and political reforms Rise ofinternational and financial trade commissions BENEFITS OF GLOBALIZATION o Increases economic productivity 0 Reduces prices for consumers o Gives developing countries access to foreign investment funds to support economic development Transfers technology Spreads democracy and freedom reduces military con ict COSTS OF GLOBALIZATION 0 Causes job insecurity o Weakens environment and labor standards 0 Prevents individual nations from adopting policies promoting environment or social objectives If these discriminate against products from other countries Erodes regional and national cultures Is compatible with despotism CH 14 RIGHTS SHAAREHOLDERS HVE IN A CORPORATION To receive dividends if declared To receive annual reports on the companies financial condition Bring shareholder suits against the company and officers Sell their own share of stock to others To vote on members ofboard of directors major mergers and acquisitions charter and by law changes proposals by stock holders IN WHAT WAYS HAS SHAREHOLDER ACTIVISM ATTTEMPTED TO INFLUENCE THE BEHAVIOR OF CORPORATE BOARDS 0 Institutional investors 0 Social investments 0 Stockholder lawsuits Business and society exam 3 CH 15 THE FIVE RIGHTS OF CONSUMERS Right to be informed Right to safety The right to chose Right to be heard Right to privacy FIVE RIGHTS HAVE BEEN REFLECTED IN THE GOALS OF CONSUMER LAWS 0 Laws intended to provide customers with better information when making purchases Protect consumers against possible hazards Laws to promote competitive pricing and consumer choice Protect consumer privacy WHAT HAS GIVEN RISE TO THE CONSUMER MOVEMENT Complex products have enormously complicated the choices consumers need to make when shopping Services and products have become more specialized and difficult to judge Business s try to sell either products or services through advertising that is in ated or appeals to emotion Some businesses have ignored product safety KINDS OF CHANGES BUSINESSES HAVE ADVO CATED TO REFORM PRODUCT LIABILITY LAWS CH16 Most class action law suits were moved from state to federal courts Attorneys in some kinds of cases were paid based on how much plaintiffs received or on how much attorneys spent Set up uniform federal standards for determining liability Shift burden ofproviding liability to consumers Require loser pay legal cost ofwinner Limit punitive damages Establish shields for certain kinds ofproducts RIGHTS EMPLOYEES HAVE IN A WORKPLACE Right to organize and bargain collectively Safe and healthy workplace Right to a secure job job security Right to privacy Blow the whistle Treated with respect of human rights Discipline fairly and justly Equal employment and opportunity
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