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Long call options on TSLA > Section 1 > Flashcards

Section 1 Flashcards

1
Q

CSR

A

Corporate Social Responsibility

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2
Q

What are 4 Ethic Lenses

A

Rights/Responsibilities (Duties)
Relationships (Fair Systems)
Result (Goals)
Reputation (Virtue)

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3
Q

What are Rights?

A

Rights or Responsibilities are to be honest and responsibly carry out duties

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4
Q

What are Relationships?

A

Be fair and consider those with no power

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5
Q

What are Results?

A

Be respectful as you do good and benefit others. Goals.

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6
Q

What is Reputation?

A

Be compassionate and virtuous

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7
Q

Name 2 hedge fund billionaires guilty of insider trading

A 
Raj Rajaratnam (Galleon CEO)
Rajat Gupta (Director of GS, Head of McKinsey)
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8
Q

How much did SAC Capital settle for

A

1.8 billion

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9
Q

What are some problems with CEO’s

A

Lack of Transparency, accountability
Huge bonuses
Greed

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10
Q

What did the peanut corporation of America do

A

Salmonella contamination
9 deaths and 700+ illnesses
Largest recall in the nation
Its president was sentenced to 28 years on 09/21/2015

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11
Q

Bernard Madoff’s Scheme

A

Pyramid scheme to expand money by offering higher rates

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12
Q

What is a dirty secret of Tesla

A

Falsification of pollution test

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13
Q

What did my boy martin shkreli do?

A

Raise aids drug price from 13.50 to 750

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14
Q

Name 4 considerations for Ethics

A

More than legality
Values/principles
Standards of moral behavior
Ethics begins with each of us

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15
Q

What is Social Responsibility

A

Consequence of an action

A businesses concern for the welfare of society as a whole

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16
Q

What are some Ethic check questions

A

Is it Legal? (first step)
Is it Balanced? (a win-win attitude)
How will it make me feel about myself?

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17
Q

Name a couple of U.S, ethical issues

A 
Improper Accounting Practices
Deceptive Sales/marketing practices
Conflicts of Interest
Lying on Reports
Dishonesty with customers
Lack of public trust
Bribes and kickbacks
Unfair treatment
Bank Fraud
Discrimination
Unsafe products
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18
Q

What are ways to prevent unethical behavior?

A 
Increasing penalties for offenders
Employee education programs
publicity about those being punished 
Code of conduct
New laws
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19
Q

What are factors influencing managerial ethics

A

Individual (values, work background, personality)
Organizational (Reward system, philosophy,)
Environmental (competition, economy, social/culture)

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20
Q

How would you foster ethical behavior?

A

Leadership
Code of Ethics
Social Audit
Whistle Blowing

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21
Q

What are some steps to improve Business Ethics

A 
Management support
Employee understanding
Management Training
Ethics office
Outsides must be informed
enforcement of ethics code
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22
Q

How to curb growing income inequality

A

Capital tax
Banking Regulation
Education in poor countries
Corporate Social Responsibility

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23
Q

Why don’t we trust corporations?

A 
Unethical business practices by accounting firms
Under funding pension funds and 401(k)
Misleading communications
Under performing Board of directors
Excessive compensation for Executives
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24
Q

What is your responsibility to society, investors, and suppliers?

A 
Fairness
Honesty - insider trading
Timely Action
Appropriate Compensation
Corporate Philanthropy
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25
How should a social audit be done?
By Company | By Outsiders
26
International Ethics and Social Responsibility
Not Unique to U.S. Demand for social responsibility from global suppliers Joint initiative for socially responsible behavior from global suppliers
27
What countries have top CR Corporate Responsibility
``` Japan UK France Germany US Italy Spain ```
28
Most Admired Global Companies
``` General Electric Toyota Proctor and Gamble FedEx Johnson and Johnson ```
29
Best Company Reputation
``` Johnson and Johnson 80.6 Coca Cola 79.7 Google 79.5 UPS 79.4 3M 78.8 ```
30
What is a business
Activity seeking profit Provides Goods and services Satisfy standard of living
31
What are objectives of a business
Survival Growth Social Responsibility and then Profit from all 3 combined
32
Entrepreneurship
Matching risk with profit | Revenue - Expense = Profit (Loss)
33
What are factors of prodcution
``` Land Labor Capital Knowledge Entrepreneurship ```
34
What is a business environment
``` Global Business Economics and Legality Social Technology Competition ```
35
What is TPP and who is it with
Trans-Pacific Partnership, China
36
What is BRICs
Brazil Russia India China
37
Name 4 factors in an competitive environment
Customer expectations speed restructure/ empower concern for natural environment
38
How much did samsung pay apple
1.06 billion
39
What are some consumer trends
``` conserve and save shopping online social media global preference and taste highly educated consumers ```
40
Social Environment?
Diversity / multicultural Aging / graying of America Two-income families single-parent families
41
Evolution of American Economy
Agricultural / manufacturing service industries collapse of financial industry 2008 trump economy
42
What should a Government protect?
``` Consumers Workers Investors Environment Competition ```
43
How does the government affect a business?
Overseer / Regulator Customer Tax Collector Role in 2009-10 Bank/Auto ownership
44
What are scarce resources used for
Scarce resources are used to produces goods and services to distribute among competing groups/ individuals
45
Four "whats" of an economic system
What is produced what amount is produced what is the method of output distribution what is the rate of economic growth
46
Name Economic Theories
``` Adam Smith 1776 "invisible Hand" Excessive Deregulation (2001-2008) Great Recession (2007-2009) Subprime mortgage crisi ```
47
What are 3 economic systems?
Communism (highly controlled) Socialism Capitalism (little control)
48
Free market capitalism
private property profit/ ownership freedom of competition freedom of choice
49
Socialism
Private and public ownership choices are limited creates social equality reduces individual incentive-brain drain
50
Communism
public ownership | central planning / controlled economy
51
Free-market Competition
``` Sellers one to many descending monopoly oligopoly monopolistic competition perfect competition ```
52
Monopolistic competition
fast food | colleges
53
oligopoly
automobiles
54
monopoly
one seller con edison microsoft google
55
what are limits to free markets
inequality of wealth greed compromises ethics potential environmental damages limitations push country towards socialism
56
What are Business cycles
Recession Depression Recovery
57
What are Business stabliziers
Fiscal Policy Monetary Policy National Debt
58
Key economic indicators
GDP Unemployment Rate Price Indices CPI PPI
59
What makes up CPI
``` Housing and Utilites Transportation Food and Beverage Medical Care Insurance Recreation Apparel Other ```
60
From whom does the Government acquire currency
Individual Income taxes social security and payroll taxes excise taxes other
61
Name some federal spending
``` Medicare and Medicaid Social Security Interest Defense Other ```
62
Name some trades experienced by the US
``` Trade Deficit Balance of payments Foreign Direct Investment Domestic Job Loss Dumping ```
63
Why trade with other nations
No nation can produce all its needs Mutually beneficial exchange Natural resources or technology
64
Forces affecting trading Global Markets
``` Socio-cultural economic and financial legal and regulatory physical and environmental trade protectionism global e-commerce ```
65
what are some cultural differences in global markets
``` language religion values and attitudes personal communication social structure aesthetics ```
66
What are economics and financial forces
worldwide currency currency fluctuations floating exchange rates bartering /countertrading
67
What is Protectionism
``` Mercantilism Tariffs (protective and revenue) Import Quota Embargo Nontariff barriers ```
68
Name some trade agreements
``` General agreements on trade 1948 Uruguay round of GATT 1986 World Trade Organization 1995 North American Free Trade Agreement 1994 Central America Free Trade Agreement ```
69
Five modes of entry into foreign markets
``` Indirect Exporting Direct Exporting Licensing Joint Ventures Foreign Direct Investment ```
70
Strategies for reaching global markets
Franchising Strategic Alliances Contract Manufacturing Subsidiaries - MNC's
71
Global Strategy Options
``` Customized Strategy (mcdonalds menu) Standardized Strategy ( logo advertising brand name) Global Strategy ```

Long call options on TSLA (2 decks)

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