As Tim Cook picks up the leadership of Apple from Steve Jobs, he faces a significant ethical dilemma in Wuhan in a supplier’s company Foxconn, where workers threaten suicide in protest over their working conditions.
Details: Around 150 Chinese workers at Foxconn, the world’s largest electronics manufacturer, threatened to commit suicide by leaping from their factory roof in protest at their working conditions. The workers were eventually coaxed down after two days on top of their three-floor plant in Wuhan by Foxconn managers and local Chinese Communist party officials.
Grievances at Foxconn: overworked employees unsafe working conditions. long working hours under-age employees chemical hazards in a bid to keep low costs of production
Irony: A number of Apple products have been cited as ‘game changers’ – products that have helped to change how we use technology to live our lives – in stark contrast, it seems that the workforce at Foxconn that helps to create these Apples products survives, and sadly tolerates a rather mundane existence. Loyal Apple consumers crave for their Apple products. However, it appears there is a darker, more un-savoury side to how Apple products make it to our shelves.
Tim Cook has promised to resolve the situation and not let things tarnish Apple’s image.
What should be Apple’s action keeping in mind the welfare of Chinese workers? a. Initiate an aggressive program of paying component suppliers and contract manufacturers more in exchange for transparency, worker welfare and environmental safeguards. b. Warn Foxconn with, “We will only buy products from you that have been made following the law,” and if the problem persists, move manufacturing out of China. c. Take a hands-off approach to worker welfare. d. Aggressively chip away at the problems associated with contract manufacturing with a program of iterative improvement, higher standards, constant audits and growing transparency.
At Western Springs School there are 150 total students who play either tennis, soccer, or both. Are there more students who play soccer than who play tennis?
The price of petrol in Mumbai (in Rs./ltr.) is (70 + 0.4x) on xth day of a leap year (x = 1, 2, 3.......45) and after that the cost remains constant. On the other hand price of the petrol in Goa (in Rs./ltr.) is (19 + 0.3x) on xth day of the same year (x = 1, 2, 3.....366). On which date will the cost of petrol in both cities be equal?
Krishna Reddy was
the head of a pharmaceutical company that was trying to develop a new product.
Reddy, along with his friend Prabhakar Rao, assessed that such products had
mixed success. Reddy and Rao realized that if a new product (a drug) was a
success, it may result in sales of 100 crores but if it is unsuccessful, the
sales may be only 20 crores. They further assessed that a new drug was likely
to be successful 50% of times. Cost of launching the new drug was likely to be
50 crores.
Now, Reddy and Rao were in a quandary whether
the company should go ahead and market the drug. They contacted Raj Adduri, a
common friend for advice. Adduri was of the opinion that given the risky nature
of launch, it may be a better idea to test the market. Rao and Reddy realized
test marketing would cost 10 crores. Adduri told them the previous test
marketing results have been favorable 70% of times and success rate of products
favorably tested was 80%.Further, when test marketing results were unfavorable;
the products have been successful 30% of the times
37. How much profit can the company expect to make if
the product is launched after favorable test marketing results.(assume there
are no additional costs)?
38. What is the probability of product failure if
Reddy and Rao decides to test market it?
Guys who have given XAT 2008 as mock..please post ur scores sectionals as well as overall... by attempting past year papers and discussing scores..we can also analyze together..which can help us score better in actual XAT 2016 ... to start..my marks.. English - 18.5 , Quant and DI - 10.67 and Decision Making and Reasoning - 13... Overall 42.17 @sagarcat@debasiscat2013@krhyni@balarmaulik@pulkit_malik@chinki93@jmd_zoltan@deception
Inflation rose by 5.1% over the 2nd quarter, up from 4.1% during the first quarter of the year, and higher than the 3.3% recorded during the same time last year. However, the higher price index did not seem to alarm Wall Street and stock prices remained steady. Which of the following, if true, could explain the reaction of Wall Street?
Stock prices were steady because of a fear that inflation would continue.
The President announced that he was concerned about rising inflation.
Economists warned that inflation would persist.
Much of the quarterly increase in the price level was due to a summer drought's effect on food prices.
Other unfavorable economic news had overshadowed the fact of inflation.
Recently, many critics of the U.S. government have pointed out that this country is the only industrialized nation
without a national vaccine laboratory and suggested that this lack makes the American public more vulnerable
than other advanced nations to diseases such as avian flu or other flu epidemics. When asked at a press conference,
a government official said these critics were disloyal and thus wrong about the public’s vulnerability. To support his
claim, he cited the international pre-eminence of American doctors and hospitals as well as the middle ranking of
the United States among United Nation member nations in the health categories of infant mortality, life span, and
nutrition. He also added that all of the Europeans that he knew preferred to undergo major medical treatments in
the United States rather than in the socialized medical systems in place in their home countries. All of the following
are flaws in the official’s logic EXCEPT:
The UN health ranking that the official cited is based on an almost complete survey of the nations of the world.
The official accepts that the quality of physicians and hospitals is a major factor, albeit not the only one, affecting the public’s vulnerability to disease.
The critics could be disloyal but not wrong.
The Europeans that the official cited are overwhelmingly wealthy males over the age of fifty.
The official relies on health statistics that are based on a complete accounting of deaths, injuries, and illnesses suffered by the American public from all causes, including the ten percent attributable to infectious diseases.
70% of the students who joined XLRI last year play football, 75% play cricket, 80% play basketball and 85% play carom. The minimum percentage of students who play all four games is