Question

I need help solving the following business economics problems:

13. There is a growing concern that as Baby Boomers retire the business workforce will fall short of actual needed workers.

a. True

b. False

14. Which of the following is NOT one of the several trends challenging American businesses?

a. A less diverse workforce

b. The changing nature of work

c. An aging population

d. The shrinking labor pool

15. _____ involves the use of outside vendors to produce goods or fulfill services and functions that were previously handled in house or in-country.

a. outsourcing

b. nearshoring

c. offshoring

d. restructuring

16. Which of the following pertains to the ability to perceive marketplace needs and what an organization must do to satisfy them?

a. Creativity

b. Market transformation

c. Entrepreneurial spirit

d. Vision

17. Which of the following is true regarding the business workforce in the future?

a. The workforce can satisfy business requirements despite the aging population.

b. The workforce is likely to be less mobile as well as less flexible.

c. The workforce can expect more employer loyalty for a life-long career.

d. The workforce is moving toward a less independent and more collaborative work culture.

18. Which of the following is true of crowdsourcing?

a. It is primarily used to regain market share in an industry

b. It encourages existing employees to try new roles.

c. It promotes face-to-face collaboration.

d. It is highly efficient and reduces company costs.

19. _____ refers to the standards of conduct and moral values involving decisions made in the work environment.

a. Social responsibility

b. The vision statement

c. Business ethics

d. The mission statement

20. Business ethics refers to standards of conduct and moral values applied in business decision making.

a. True

b. False

21. Which of the following is true of social responsibility?

a. It assists companies in identifying actual consumer needs and desires.

b. It helps in distinguishing and adhering to the principles of righteous behavior.

c. It sets the standard for social conduct and moral behavior in the work environment.

d. It focuses on enhancing society’s welfare though philosophies and actions.

22. Technology seems to have expanded the range and impact of unethical business practices.

a. True

b. False

23. A situation where an action benefiting one person has the potential to harm another is called _____.

a. whistle-blowing

b. fear mongering

c. loyalty dilemma

d. conflict of interest

24. In the highest level of ethical and moral behavior, the individual is able to move beyond mere self-interest and duty and take the larger needs of society into account as well. This stage of ethical development is known as the _____ stage.

a. preconventional

b. conventional

c. postconventional

d. metaethical

25. Miguel spends at least an hour a day surfing the Internet at work despite knowing that the company’s code of conduct has strict regulations on it. He justifies his behavior by stating that “everyone’s doing it.” This type of behavior is:

a. expected by management, as long as John gets his regular work done.

b. appropriate as long as he isn’t the only one doing it.

c. inappropriate, unprofessional, and probably unethical.

d. inappropriate only if he visits certain kinds of websites at work, such as pornography or gambling.

26. In which stage of ethical decision making do individuals primarily consider their own needs and desires in making decisions?

a. At the metaethical stage

b. At the preconventional stage

c. At the conventional stage

d. At the postconventional stage

27. The foundation of an ethical environment is ethical awareness, and a code of conduct provides a good step in this direction.

a. True

b. False

Answer 1

Q13. A

True. Baby boomers consist of population born between 1946 and 1964. World wide there is a growing issue of the shortage of labor force as baby boomers are retiring from the work force, creating labor shortage. This has evolved as a challenging problem in countries like Japan, Ireland and many European nations;