Ali Hadad, Division Manager for Worldwide Textiles, Inc

question 51

Multiple Choice

Ali Hadad, division manager for Worldwide Textiles, Inc., is meeting with his management team to discuss workplace accommodations for physically disabled workers at Worldwide Textile's multiple factory locations. His senior plant manager, Randy Albright, says, "I want to install adaptive tools and other systems to allow our disabled workers to be more productive and comfortable, and I want to train all of our employees to be supportive of disabled workers." The corporate counsel, Jill St. Michaels, replies, "As you know, those steps go way beyond what is required by law, and I advise that they not be approved. We need to focus only on preventing and detecting illegal behavior toward disabled workers and punishing those who violate discrimination laws." And the division financial manager says, "Do we really want to spend money on new equipment and training if we are not required to do so?" Ali concludes, "I approve Randy's request. I want us to make decisions on the basis of right and wrong, not just on the basis of what is legal and not. I want our employees to know that we are an ethical organization in which they can take pride and satisfaction."Randy is advocating steps that would be consistent with a(n) ________ ethics program.

• A)competency-based
• B)conformity-based
• C)rule-based
• D)integrity-based
• E)compliance-based

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Definitions:

Profit-Maximizing Price

The price level at which a company can sell its product or service to maximize its profit.

Specific Firm

A distinct company or business entity recognized for its unique product, service, or brand identity.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for significant influence over prices.

Long-Run

A time period in which all factors of production and costs are variable, allowing for the adjustment of all inputs.