Health-Tech Materials Is a Firm That Manufactures Medical Equipment Purchased

question 20

Multiple Choice

Health-Tech Materials is a firm that manufactures medical equipment purchased by hospitals and clinics. The firm employs over 2,500 workers in its two manufacturing facilities located in Texas and Arizona. Recently, Health-Tech dismissed a number of employees for ethics violations ranging from improper Internet usage to stealing company funds. In addition, the firm has been sued by two former employees for wrongful discharge. As a result, Health-Tech's top executives are evaluating the firm's hiring process, ethics training system, reward system, and disciplinary system to determine how to promote ethics and fair treatment. Which of the following undermines the argument that Health-Tech should shift from a traditional discipline system to a non-punitive discipline system?

• A)The most common employee discipline situations at Health-Tech involve theft or physical altercations.
• B)Health-Tech has already modified its hiring process to include ethics tests when screening job applicants.
• C)A court ruled in a wrongful discharge case against Health-Tech that the employee handbook served as an implied contract.
• D)Frequent tardiness is the primary infraction among Health-Tech employees who receive decision-making leave.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a particular market.

Long Run

A period in economic analysis where all factors of production and costs are variable, allowing full adjustment to changes.

Weekly Operating Profits

Weekly operating profits describe the earnings a business generates from its normal operations over a one-week period, excluding any income from investments or other non-operational sources.

Short Run

An interval in economic studies where a minimum of one production element remains constant and is unalterable.