A Manager in the Quality Control Division Makes the Following

question 279

Short Answer

A manager in the quality control division makes the following statement: "Our company's employee handbook makes it clear that the company's performance depends on effective leadership, and that all leaders at our company have managerial authority. Since my position as a manager in the quality control division clearly gives me managerial authority, I must be a leader in this company, and my leadership will guarantee the company's strong performance."
The manager's argument assumes all of the following except which?
The employee handbook is a reliable source of information.
All managers are leaders.
All leaders are effective leaders.
Effective leadership is all the company needs for strong performance.
The manager was chosen for his position because of his leadership skills.

Understand the difference between ethical egoism and psychological egoism.

Analyze the implications of utilitarianism, especially pertaining to pleasure and duty.

Grasp Aristotle's conception of the good life through the pursuit of virtue and reason.

Understand the concept of moral duty and its external imposition as seen in various moral theories.

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Definitions:

Floatation Costs

Expenses incurred by a company in issuing new securities, including underwriting fees and legal and administrative fees.

Cost of Retained Earnings

The rate of return that shareholders expect on the earnings that a company keeps and reinvests in its operations.

Risk Premium

The extra return expected by an investor for holding a risky asset rather than a risk-free asset.

Flotation Costs

The costs incurred by a company in issuing new securities, including underwriting, legal, and registration fees.