Corporations: Advantages and Disadvantages

Fairness in a business organization involves balancing the interests involved in all decisions related to hiring, firing, and compensation.

To be accountable in a business context means being liable to explain or justify one's actions and decisions.

Transparency in business operations involves being authentic, genuine, and expressing points of view openly.

<p>The purpose of business policy is to provide an overall guide that sets boundaries and directions for managerial action.</p> Signup and view all the answers

<p>Fairness in the hiring process involves making judgments that are free from discrimination and balancing the interests of all parties involved.</p> Signup and view all the answers

<p>Accountability in performance evaluation means being responsible for justifying one's actions and performance to stakeholders.</p> Signup and view all the answers

<p>Good people do not need laws to tell them to act responsibly.</p> Signup and view all the answers

<p>Educating the mind and the hearth.</p> Signup and view all the answers

<p>Ignorance.</p> Signup and view all the answers

<p>A Christian in commerce should not desire to get another's good or labor for less than it is worth, and should exercise charity and justice when dealing with the poor.</p> Signup and view all the answers

<p>Belief systems help us interpret our everyday reality.</p> Signup and view all the answers

<p>Harmony makes small things grow, lack of it makes great things decay.</p> Signup and view all the answers

<p>The liability of the owners is limited to their investment and additional capital can be easily raised through stock markets.</p> Signup and view all the answers

<p>Cost of formation and management, complex registration process, and high income tax rates.</p> Signup and view all the answers

<p>To provide goods and services that customers cannot or do not want to produce themselves.</p> Signup and view all the answers

<p>By creating jobs for customers, suppliers, distributors, and co-workers.</p> Signup and view all the answers

<p>The Qur’an</p> Signup and view all the answers

<p>To embed a quality management system, increase productivity, reduce costs, and ensure quality of processes and products.</p> Signup and view all the answers

<p>By investing in new technologies, developing new goods and services, and spreading international standards.</p> Signup and view all the answers

<p>The right to have the transaction cancelled</p> Signup and view all the answers

<p>All types of profits will come without needing any capital</p> Signup and view all the answers

<p>Buddhism</p> Signup and view all the answers

<p>Happiness</p> Signup and view all the answers

<p>Reciprocity</p> Signup and view all the answers

<p>BAHALA NA</p> Signup and view all the answers

<p>FILIAL PIETY</p> Signup and view all the answers

<p>MAÑANA HABIT</p> Signup and view all the answers

<p>PADRINO</p> Signup and view all the answers

<p>SUKI</p> Signup and view all the answers

<p>Relative values that protect life and respect the dual life value of self and others.</p> Signup and view all the answers