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BUS 222 FINAL EXAM NEW 2016 - PHOENIX In determining the cost of debt, yields and prices of outstanding bonds are used. Tracey is a widow with two middle-school-aged children. For the past several years she has worked very successfully as a mid-level manager for a large, transnational pharmaceutical corporation, making a salary of approximately $90,000 per annum. She is proud of her work and proud to be affiliated with such a prestigious employer. Her company has recently completed phase II of its animal testing on a promising new cancer drug. The successful development and commercialization of this drug is a key component in the company’s strategic growth plan. Before the company can move from the animal testing stage to human trials the Food and Drug Administration (FDA) must review and approve the animal testing results and give the okay for the human trials. Without human trials the drug has no chance of making it to market. This morning, Tracey’s boss called her to a private meeting in his office. After reiterating how important the success of the cancer drug trials is to the future of the company, he directed her to change some figures related to the percentage of animals that died as a result of receiving injections of the cancer drug during the phase II trials. Specifically, he told Tracey that her report to the FDA will have to show a percentage of animal deaths that is 10% lower than the actual rate of deaths the raw data in the test results indicate. Based on the above, respond to each of the following: What are Tracey's obligations as an agent of the company? Analyze the ethics of the situation using the approach outlined in Badaracco's framework. Be sure to support your analysis through sound reasoning, incorporating appropriate ethical principles and theories. Based on your legal and ethical analysis, advise Tracey on what she should do. Identify her main options, then tell her which she should choose, and why. Which way of proceeding is going to get the best net-net consequences? Whose rights must be respected? Does the plan jeopardize the individual or the organization’s integrity? Massive Corporation is a technology-manufacturing firm with more than 135,000 employees in its worldwide operations. It currently does business in 85 countries and generates more than $25 billion in revenue. Among its many products are hydroelectric power generators, freight rail cars, computer assembly robotics, and atomic energy plant process controls. The nature of these and its other high-tech products makes it critically important that Massive be on the cutting edge of innovation and that it leverage to the extent possible economies of scale in its research/development and production processes. Massive’s customers pay top-dollar for these big-ticket products, so they are demanding in terms of having the most up-to-date and best-functioning technology.
Additionally, because of the nature of Massive’s products, its customers are often either governments or governmentsubsidized companies; so political concerns frequently come into play during the product sales cycle. Often governments favor suppliers that they perceive as country-friendly and committed for the long term: that, for example, hire local labor, purchase raw materials locally, and maintain an in-country presence—such as a subsidiary—to ensure knowledge of and compliance with local laws and regulations.
In thinking about Massive’s competitive environment and what the best structure might be to remain successful, its CEO, Frank Lee Rich, had the following thoughts about the attributes he’d like the company to have:
It must be both global (to be able to offer the finest technology available) and local (to respond to political aspects of the buying-decision process) It must be both large (to enjoy needed economies of scale) and small (to be nimble in decision making and adjusting to marketplace changes) It must be both decentralized (to nurture innovation and intrapreneurship) and centralized (in its reporting and control, to insure accountability and consistency in implementation) Considering all the above, Rich thinks that a matrix design might be the way to go in terms of an organizational structure that will let Massive meet its goals and prosper into the future.
Answer the following questions about Massive Corporation’s proposed structure. Be sure to state clearly any assumptions you make about the organization as part of the description of factors to consider and state the reasons for including each factor. Use organizational structure language and theory in your response.
1) Is a matrix a good choice for Massive? Advise Rich on the possible advantages and disadvantages of adopting this organizational structure. 2) Assuming that Rich decides to go ahead with a matrixed organization, describe to him, at a high level, what such an organization might look like in terms of business units and spans of control. Read the following paragraph and provide a brief analysis of it from a critical thinking point of view
“Wolverine is the most awesome superhero ever. Anyone who won’t admit that Wolverine is the greatest superhero of all time is an idiot who knows nothing about comic-book superheroes. In 2008 Wolverine was ranked by a magazine as #1 among the top 200 superheroes in history, which proves that the folks at Marvel Comics are entertainment geniuses who are far more talented than those losers at DC Comics and other wannabe comic-book producers. My cousin Vinnie, who reads more comic books and sees more superhero movies than anyone I know, agrees that Marvel Comics must be the best because their stuff is the most enjoyable. Plus, with Wolverine, Marvel Comics came up with a superhero that will never be topped. Sure, there may be some ‘artsy’ superheroes out there like Batman or the Watchmen; but nobody likes movies with complex, depressing plots that make you have to pay attention to figure out what’s happening. Also heroes like Superman have been around for like the last million years, and nobody wants to pay $8 to see some movie about the stupid adventures of some kryptonite-impaired has-been. Anytime Wolverine’s name is on a movie it’s going to be fresh, with state-of-the-art special effects and fantastic adventure—so whenever Marvel comes out with a new Wolverine or X-Men project you should just go see it and forget about spending your hard-earned cash on any other so-called summer blockbuster movie.”
You don't need to apply all of Browne & Keeley’s 10-critical thinking steps, but you must include at least the following three:
1. What is the issue and what is the conclusion?
2. Identify at least three reasoning fallacies, by name, and explain why they are fallacies in this argument. 3. Identify a value assumption in the argument and explain why it is a value assumption
You plan to open Tots Amore! a full-service diner offering themed dishes featuring your favorite food, Tater Tots. You currently have $50,000 available. You estimate you will need $100,000 to start and operate the diner for 1 year. You also estimate you will need $25,000 a year for re-investment, assuming no growth. You plan on being the sole owner if possible, and having two managers: one for the kitchen-operation side and one for the business side. You are well known in the community and could obtain a loan since you have successfully been in business before. You could also find people to invest in your diner, but you don't like the idea of losing control. You have already started finding suppliers and buying equipment for your new venture. Your friend, Audrey, has agreed to do much of the footwork, in terms of applications and filings with the state, for a fee. So far, all has gone well except that last week Audrey forgot to set the brake on her van while dropping off a check to the printing firm that’s doing the marketing materials for your new venture. Audrey’s van rolled down a hill and crashed through six feet of redwood fence fronting a local tanning salon run by an old friend of yours, Seymour. Seymour’s told you that, because of Audrey, you have really put him in a bind, as now he has to pay to fix the fence and business has been terrible for the last few months. With a shabby-looking front fence, he fears he’ll get fewer walk-in customers. He’s asking you to pay for the fence damage.
Use the above fact scenario to answer the following questions:
1) What form of business should you choose for Tots Amore! and why? Justify your choice in relation to the other reasonable alternatives available to you. 2) Are you and/or Audrey responsible, legally or ethically, for Seymour’s fence repairs? Explain why or why not.