Authors
He argued that one’s own labor gave a right to private property.
Who is John Locke?
Rational self interest and market transactions create overall social benefit via this “spooky” principle.
What is the "invisible hand" of the market?
This economy is characterized by community ownership.
What is a "traditional" economy?
This technology improved the market efficiency of the Kerala fisherman.
What are mobile phones?
This ethical approach would find the garment industry in Bangladesh ethical because it is creating the greatest economic outcome for the overall society.
What is utility?
He described three eras of globalization.
Who is Thomas Friedman?
Countries should specialize in producing goods in areas where they have this kind of advantage, and then trade the surplus.
What is "comparative advantage"?
This economy has private ownership of land and companies.
What is a "market" economy?
This activity polluted the water and farmland of the indigenous people of the Niger delta.
What is oil drilling by Royal Dutch Shell?
This ethical approach would find the garment industry in Bangladesh unethical because it violates the basic human rights of individual workers with low wages and unsafe conditions.
What is rights?
He explained how one could make profits from customers who make less than $2 day.
Who is CK Prahalad?
The category made up of 4 billion people who make less than $2 a day.
What is the Bottom of the Pyramid (the "BOP")?
This economy sets prices by the power of a central authority.
What is a "command" economy?
This major western retailer did not know that the Tazreen factory had been given its garment order by the Tuba Group.
Who is Walmart?
This ethical approach would seek a fair balance between the benefits of oil drilling to Shell with the burdens the oil pollution is placing on the Ogoni people.
What is justice and fairness?
He explained how division of labor and specialization could increase overall productivity.
Who is Adam Smith?
Technological connectivity means that the world is now this shape, according to Thomas Friedman.
What is "flat" (as in, "the world is flat")?
This economy looks to history and culture to assign jobs and tasks for adults, children, men and women.
What is a "traditional" economy?
This accounting practice books the present value of long-term contracts as revenue the day the deal is signed.
What is mark-to-market accounting?
Enron’s “rank and yank” performance evaluation process (PRC) could cause Enron employees to make decisions according to this one of the three levels of Kohlberg’s theory.
He advocated for free trade between countries that each specialized in producing goods for which each country was the most productive.
Who is David Ricardo?
The imaginary place where new products must be developed within the constraints of the “4 As.”
What is the "innovation sandbox"?
This economy allows workers to freely choose the jobs at which they are most productive.
This individual “blew the whistle” on Enron by alerting Ken Lay and then others of the accounting fraud she discovered.
Who is Sherron Watkins?
Jedi, Chewco, and the LJM Partnerships were examples of what used by which executive of Enron.
What are "special purpose entities" (SPEs) used by Andy Fastow, the CFO of Enron?