A Company's Board of Directors Chooses to Provide a Comprehensive

question 77

Multiple Choice

A company's board of directors chooses to provide a comprehensive health care plan for the families of all employees, despite the large cost. They argue that this will not only increase the number of employees who stay with the firm, and thus reduce some costs involved in employee turnover, but also increase the employees' diligence and industry. What general principle is being argued by the board of directors?

• A) Ethical decisions should be assessed on their moral value, not on their value in dollars and cents.
• B) Some activities that decrease shareholders' wealth may have intangible benefits which increase the strength of the company overall.
• C) In a conflict between stakeholders in a company, the most important stakeholder is not always the shareholders.
• D) When a conflict of interest arises between shareholders and other stakeholders, in general, the correct solution is the one that creates the greatest good for the greatest number of stakeholders.

Discuss the strengths and limitations of the situational leadership II (SLII) model.

Understand the concept and application of SLII in corporate leadership training.

Comprehend the four leadership styles outlined in the SLII model.

Explain the rationale behind commitment regression at developmental levels 2 and 3 in SLII.

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Definitions:

Structural Unemployment

A type of joblessness resulting from a disparity between the abilities available in the workforce and the competencies required by businesses.

Manufacturing Jobs

Employment in industries that produce goods using labor and machines, typically within a factory or production facility.

Unemployment Insurance

A government program that provides financial assistance to unemployed workers, helping to mitigate the loss of income during periods of joblessness.

Frictional Unemployment

This refers to the short-term unemployment that arises from the process of matching workers with jobs, typically when individuals are transitioning between jobs, entering the workforce, or changing locations.