Using the Ethics Question "What Ought to Be?" Consider This

question 50

Essay

Using the ethics question "what ought to be?" consider this hypothetical about a corporate planning seminar.At the
seminar,a speaker tells the participants that presidents of large corporations should begin their planning processes with a vision of society,not with where they want their fmns to be in 5 or 10 years.Evaluate this advice in light of
what you have learned about business ethics.

Understand the principles of cash management, including the benefits of a lockbox system.

Comprehend the concept and significance of cash balances and how they vary among different firms and industries.

Grasp the basics and assumptions of the EOQ model for inventory management.

Recognize the role and impact of accounts receivable management on a firm's cash flows and profitability.

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Definitions:

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant, known for his work in the field of quality management.

Wagner Act

U.S. legislation passed in 1935 that established the rights of employees to unionize, engage in collective bargaining, and take collective action, including striking.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Human Relations Techniques

Approaches and methods used to improve interpersonal relationships, worker satisfaction, and productivity in the workplace.