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[ADM1301] - Midterm Exam Guide - Everything you need to know! (14 pages long)

by

Department
Administration
Course Code
ADM 1301
Professor
Daina Mazutis
Study Guide
Midterm

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uOttawa
ADM1301
MIDTERM EXAM
STUDY GUIDE

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ADM 1301 Lecture 1
The relationship Between Business and Society:
planned obsolescence = designed purposely to fail and die
perceived obsolescence = makes you feel like you have to get a new product (it’s not good
enough)
Doctrine of incorporation:
Freedom of association: the association of people coming together for some purpose is essential
to forming a corporation.
When a business incorporates, a separate legal entity is created.
Owners:
-direct ownership (shareholders)
-indirect ownerships (mutual find holders)
Boards of directors:
-elected by shareholders
-must fulfill legal obligations
Managers:
-top managers are hired by directors
Legitimacy: belief in the rightness of the institution
Social licence: privilege of operating society with minimal restrictions based in maintaining trust
by doing what is acceptable by stakeholders.
Lecture #2:
-A systemic process where a corporation can evaluate and respond to economic, social and
environmental issues.
1. Identification of issues
2. Analysis of issues
3. Ranking or prioritizing of issues
4. Formulating issue response
5. Implementing issue response
6. Monitoring and evaluating issue response
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ADM 1301 Lecture 1
1. Identification of Issues: Raw materials
Food factory forming
Steroids in food
How we are treating those animals
GMO
Labour conditions
Pesticides
Labour issues
Suppliers:
Transportation issues on environment
Living up to a certain standard
Manufacturer Brand:
Defects in the products
Health and safety standards
Packaging conditions
Pollution
Travel and safety issues
Amount of waste (expired, broken packaging)
Retailer Brand:
Prices (too high or too low)
Wagement manipulation
Overstock and food waste
Organic vs. non organic
Misleading advertising
Energy efficiency
Customer:
Make sure we recycle
Often influenced by bigger brands
Consumption patterns
Media and popularity
Healthy foods are more expensive
Obesity
Nutrition/health
Allergies
Alcohol abuse
Advertising to children
Packaging waste
Recycling
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find more resources at oneclass.com
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