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This 4 page Class Notes was uploaded by Ilene Rowe II on Saturday October 3, 2015. The Class Notes belongs to MHR452 at California State Polytechnic University taught by NirmalSethia in Fall. Since its upload, it has received 41 views. For similar materials see /class/218159/mhr452-california-state-polytechnic-university in Business, management at California State Polytechnic University.
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Date Created: 10/03/15
MHR 452 Spring 2011 Study Guide for Test 1 The test is on Wednesday May 4 The time allotted is 60 minutes Class will remain in session after the test If you leave after the class you will lose the attendance credit The test will be based on QUIZ topics per the Quiz review sheet PLUS the following Ch 5 Making Ethics Work in Corporations pp 105111 Read the Alcoa case for useful examples Ethics Law and Illegal Corporate Behavior pp 116118 Ch 6 The Process ofGlobalization pp 125131 The Benefits and Costs ofGlobalization pp 131 135 Doing Business in Diverse World The ThreeSector World pp 135141 Ch 8 The nature of BusinessGovernment relationship pp 171175 Public Policy PP the Making of PP lnputs and Goals Implementing PP Tools and Effects pp 175178 Types of PP Economic and Social pp 178180 Regulation of Business pp 180186 Reasons or Arguments for Regulation i Economic a Market Failure b Externalities and c Monopolies ii Ethical a Utilitarian considerations b Rights considerations and c JusticeFairness considerations Types of Regulation pp 181186 The Effects of Regulation pp 186188 Continuous Regulatory Reform pp 188189 Learning on your own The making of public policy Business What are some the things in which business lobbyists are involved What is the estimated number of lobbyists in Washington DC How much do they spend annually in lobbying You need to look at the current data that is for the year 2010 Students The point students have tried to make via the recent sitin at Cal State Fullerton Ch 10 Introduction Ecology the Global Commons Sustainable Development pp 222223 Major Ecosystem Threats Water pp 223224 Arable Land p 225 AirOzone Depletion and Global Warming pp 230233 BiodiversityForests Threats to Marine Ecosystems pp 234 236 Also class discussion of sustainable development Business and the Poor Cases Mickey s Backyard SunCal Disney Ch 1 Timberland Ch 3 Warhead Cable Test Ch 4 Alcoa Ch 5 Tobacco Products Regulation Ch 8 Sample Questions Also see the Quiz Study Guide Chapters 5 1 What are the important steps that can help business in promoting and safeguarding Ethical conduct pp 105111 Fig 52 llTop Management Commitment to llEthics Auditsquot Also see the discussion on WhistleBlowing pp 376378 For examples use the Alcoa case Chapter 6 1 a What is Globalization Explain why it is accelerating b What are some of the main arguments infavor of Globalization and what are some of the major arguments against Globalization MHR 452 Study Guide Test 1 Sp2011 p 2 2 a What makes up the quotThree Sector world b What makes up the Civil Society Sector c What is role of NGOs Why the number of NGOs has grown and why they are getting more attention from business decisionmakers Chapter 8 Pay close attention to what has been presented and discussed in class For examples and illustrations you should also read in the Text the sections on Regulation in a Global Context pp 189 190 and the Tobacco Products case at the end of Ch 8 1 What are the two basic aspects of BusinessGovernment relationship Cooperation and Conflict Several examples relevant to the American society and business environment were given in class 2 a What are some of the common Inputs that influence Public Policy in the US Who gives quotpro business inputs and who gives quotprosocietyquot inputs b Give two examples of Economic Policies and two examples of Social Policies 3 As discussed in class explain with examples the four aspects of the intent behind Public Policy Goals Serve interests of Society Individual Consumers and Business and Mediate and Balance the conflicting interests 4 Describe with simple examples a the three Tools for implementing Publics Policy Incentives Penalties and Laws You need not talk about Regulation in this context and b the Positive and the Negative impact of Public Policy 5 Describe with simple examples three economic reasons because of which Regulation is needed Market Failure Externalities and Monopolies Take special note of class discussion on Market Failure and Externalities Also see the comments about Negative Externalities on pp 180 181 6 Explain the EthicalSocial arguments for Regulation 7 What are the two types of regulations How are they different from each other Provide suitable examples 8 What are some of the costs and some of the benefits of regulation Provide examples Chapter 10 1 Explain what is meant by a Ecology b Commons c Biodiversity d Sustainable Development 2 What are some of the major ecosystem threats concerning the natural resources such as Air Water and Land 5 As discussed in class a What is the role of business in Sustainable Development b How should business deal with poverty Why should business do so REMEMBER that explanation or description is more than a listing or a set of bullets MHR 452 Spring 2011 Test 2 Review Guide Test2 is on Wednesday June 1 during the regular class period Format will be similar to Test1 The time allotted is 75 minutes This should be sufficient time for anyone who has put in the minimal expected level of effort and does the test with reasonable efficiency Test will be similar in format to the Midterm and will be based on the following Chapters and topics Please note that while Chapter 1 is not included in the exam material the stakeholder concept and stakeholder theory are extremely important to topics that are on the exam Chapters 4 5 6 amp 8 For the description of the topics included and practice questions on these topics refer to Test 1 Guide and see the Quiz study guide for some more practice question pertaining to Ch 4 specifically Questions 9 to 12 Ch 10 Introduction Ecology the Global Commons Sustainable Development pp 222223 Major Ecosystem Threats Water pp 223224 Arable Land p 225 AirOzone Depletion and Global Warming pp 230 233 BiodiversityForests Threats to Marine Ecosystems pp 234236 Also class discussion of sustainable development Business and the Poor Microfinance Industriaaccidents such as the following Union Carbide poisonous gas leak in India December 1984 Chernobyl Nuclear Power Plant disaster December 1986 Exxon Valdez Oil Spill see Exxon Valdez Oil Spill Trustee Council site httgzwwwevostcstateakus Deepwater Horizon oil spill in the Gulfof Mexico and Fukushima nuclear plant accident in Japan March 2011 The Internet has plenty of information on these Ch 11 39 39 Role of qucllnn H quot 39 39 Regulation in areas of Air Water and Land Pollution pp 245249 Figure 111 not important Policy Approaches Environmental Standards Marketbased Mechanisms Information Disclosure and Civil and Criminal Enforcement pp 250254 Costs and Benefits of Environmental Regulation pp 254256 the Greening of Management Stages of Corporate Environmental Responsibility Pollution Prevention Product Stewardship and InnovationClean Technology pp 256257 Competitive Advantage in terms of Cost Savings Product Differentiation and Technological Innovation pp 260262 omit Strategic Planning Ch 15 Introduction Advocacy for Consumer Interests Reasons for the Consumer Movement the Rights of Consumers pp 341344 Goals of Consumer Laws pp 344347 see Figure 151 for examples but it is not necessary to memorize it Major Federal Agencies and their role in Consumer Protection pp 347 349 Consumer Privacy and the Internet pp 350351 Business Response to Consumerism pp 355358 Consumerism s Achievements p 358 In class discussion about Federal Agencies we also included the Federal Communication Commission FCC See httpwwwfccgov Ch 18 Introduction the BusinessCommunity Relationship pp 411414 class discussion important Community Relations from Economic Development to Disaster Relief pp 414418 Corporate GivingPhilanthropy pp 418424 Cases Timberland Ch 3 Warhead Cable Test Ch 4 Alcoa Ch 5 Tobacco Products Regulation Ch 8 Big Fat Liability You should be also able to answer simple straight forward questions based on the movie presentations in class You will be expected where appropriate to provide examples from the company you have studied for your team project Sample Practice Questions Chapter 10 1 Explain what is meant by a Ecology b Commons c Biodiversity d Sustainable Development 2 What are some of the major ecosystem threats concerning the natural resources such as Air Water and Land Chapter 11 l a What are the three major forms of pollution that are subject to Environmental Regulation in the US b What kind of harm results from these different forms of pollution Give at least one example ofappIicabIe regulation in each of these areas pp 245250 Equot a Describe with examples the four alternative policyregulatory approaches to controlling pollution pp 250 254 b What have been some of the benefits of Environmental Regulation pp 254255 including new businesses and newjobs 3 Describe with examples the three stages of Corporate Environmental Responsibility pp 256257 Pollution Prevention PruduLL 39 39 39 and 39 39 lean quot 39 39 0 4 Describe with examples the three competitive advantages of Green Management pp 261262 Cost Savings Product Differentiation and Innovation Chapter 15 1 Explain the four reasons because of which Consumer Movement has emerged p343 2 What are the six Consumer Rights valued in our society Five per text p 344 PLUS Right to Fair Treatment 3 Describe with examples the five goals of consumer laws as discussed in class lProvide Better Information and Disclosure and discourage deceptive advertising 2 Promote Product Safety protection against possible hazards 3 Insure Consumer Choice and Fair Price 4 Protect against Invasion of Privacy and 5 Protect against Discrimination See Exhibit lSA 4 In the area of consumer protection what is the role played by the Food and Drug Administration the Consumer Product Safety Commission and the Federal Communications Commission See FDA wwwfdagov CPSC wwwcpscgovj FCC wwwfccgovaboutushtml You should also familiarize yourself with the newly established The Consumer Financial Protection Bureau ltwwwconsumerfinancegovthebureaugt which has been mentioned in class Uquot What are the four ways in which businesses are responding to consumer concerns pp 355358 Chapter 18 1 What are some basic reasons in favor of business showing community involvement pp 413414 Class 2 What are the ways in which business typically shows community involvement pp 415418 3 What are three common forms of corporate giving Charitable Donations Inkind Contributions and Volunteerism pp 421423 4 What are the main types of programs or activities that are supported by corporate giving pp 423424 On many of the topics and the cases what was discussed in class will be very important You are strongly encouraged to carefully review your class notes Answers should include a proper description of the basic concepts or issues supported by proper examples Understand that description or explanation is more than a mere listing of points or bullet items Examples are different from and in addition to the explanation you give You will benefit by using suitable examples from a various news articles you should have been reading b your team project work and c video clips shown in class
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