Kamal Is Looking for a Part-Time Job

question 109

Multiple Choice

Kamal is looking for a part-time job. He has several acquaintances who have worked for SlamDogs Burgers and Dogs, a restaurant chain. They say that the company pays well, has a good company culture, and treats its employees with respect. Plus, its high quality and affordable food and the cleanliness of its establishments make it extremely popular with the public-in fact, Kamal loves going to SlamDogs and has eaten there on a regular basis since he was a child. Kamal thinks SlamDogs sounds like a good place to work and decides to fill out an application. What can you deduce based on his decision?

• A) Kamal has a high trust propensity because he trusts the word of his friends.
• B) His trust in the company reflects the fact that he is naïve and has a natural "faith in human nature."
• C) His decision is rational and is based on subjective as well as objective information about the company.
• D) His information is subjective; he really has no way of knowing if SlamDogs would be a good place to work.
• E) His decision is mainly emotional and is based on his affection for the company and his personal experience there.

Identify and explain major legal and ethical corporate scandals.

Comprehend the concept of corporate social responsibility (CSR) and its components.

Relate management practices to the changing social, political, economic, and technological environments.

Recognize the role and responsibilities of ethical advocates within organizations.

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Definitions:

Explicit Costs

Explicit costs are direct, out-of-pocket payments for resources or services needed for production, such as wages, rent, and materials; they're easily quantifiable and recorded.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting a business activity or making a decision.

Accounting Profits

The financial gains of a company calculated by subtracting total expenses from total revenues according to standard accounting practices.

Economic Profits

The financial difference between what a business earns in total revenue and what it spends, considering both explicit and indirect costs.