1. The document provides a list of 10 true/false questions and 10 multiple choice questions related to ethics for a final exam.
2. It also includes 2 short answer questions - one asking about the differences between legal and ethical responsibilities in CSR and asking for examples, and another asking about two ways Reebok addresses human rights issues internationally.
3. The questions cover a range of ethics topics including stakeholder interests, cultural differences, bribery, fairness and justice, ethics training programs, and corporate social responsibility.
For more course tutorials visit
Uophelp is now newtonhelp.com
www.newtonhelp.com
1. Discarding
the few “bad applies” will not solve all of the ethical problems within an organization. (True/False)
2. Good character is not the main factor
determining whether an individual acts
ethically within an organization. (True/False)
Managerial Ethics And Corporate Social Responsibility Sabih Kamran
MGT 201 Helpful Slides For Management Students Of Different Universities In Karachi And All Over Pakistan And World Managerial Ethics And Corporate Social Responsibility
What is the CSR | Types of CSR | benefit's of CSR | History of CSRKaranShaw10
Corporate Social Responsibility Is A Management Concept Whereby Companies Integrate Social And Environmental Concerns In Their Business Operations And Interactions With Their Stakeholders.
For more course tutorials visit
Uophelp is now newtonhelp.com
www.newtonhelp.com
1. Discarding
the few “bad applies” will not solve all of the ethical problems within an organization. (True/False)
2. Good character is not the main factor
determining whether an individual acts
ethically within an organization. (True/False)
Managerial Ethics And Corporate Social Responsibility Sabih Kamran
MGT 201 Helpful Slides For Management Students Of Different Universities In Karachi And All Over Pakistan And World Managerial Ethics And Corporate Social Responsibility
What is the CSR | Types of CSR | benefit's of CSR | History of CSRKaranShaw10
Corporate Social Responsibility Is A Management Concept Whereby Companies Integrate Social And Environmental Concerns In Their Business Operations And Interactions With Their Stakeholders.
Social responsibility is the awareness that business activities have an impact on society and the consideration of that impact by firms in decision-making. Visit this page http://bankofinfo.com/social-responsibility-of-business/
Professional and Ethical, Issues and ResponsibilitiesUpekha Vandebona
Discussing about Ethics in Business World. This mentions why we need to foster an ethical working environment and how to perform ethical decision making process.
Running head GLOBAL BUSINESS ISSUES1GLOBAL BUSINESS ISS.docxwlynn1
Running head: GLOBAL BUSINESS ISSUES
1
GLOBAL BUSINESS ISSUES
5
Global Business Issues
Scotty Strahan
October 23, 2018
Colorado Technical University
Introduction
Business ethics is a field that calls for ethical conduct when managers, supervisors, and workers are meeting the daily duties. This in compliance with applicable laws and organization’s code of conduct at all times regardless of the circumstances of a specific situation (Ferrell & Fraedrich, 2014). Ethical conduct is helpful to an organization as it helps it avoid backlashes that might surface as a result of an unethical conduct. In light of this, low and high-ranking employees should have a self-drive in upholding ethical conduct in all situations. The following section looks into the ethical make-up of giving or taking a bribe for business purposes while utilizing the Project Management Institute (PMI) steps for arriving for to an ethical decision.
Discussion
The first step entails making an assessment. This is the process where one gathers facts about the ethical dilemma mainly regarding implications on the law and policies. In this case, bribing in the country for business purposes is not perceived illegal but does not abide with the organization’s code of ethics and also does not align with ethical values fostered by the organization. Bribing is normally perceived unethical as individuals are likely to overlook best practices when meeting business goals (Kenny, 2013). They are not held accountable after bribing their way through hence likely to put consumers at risk of harm that may result. In this step, it is worth noting that an individual can as well examine their personal values before committing to the action that need to be undertaken.
The second step entails examining the available alternatives. In this case, it can be seen that the competitors are willing to bribe their way through which is amounts to a threat. There are a number of alternatives that can be undertaken to counter the threat as follows. First, the government official can be involved in a session that will make him learn about advantages that will result if the business operates in the country. For instance, through corporate social responsibility the locals will benefit from a number of offers. Also, employment will be created. The official will be shown the big picture other than pocketing a bribe. Two, another alternative entails making the official learn about the ethical values of the organization that should not be violated in any case. One needs to show him utmost commitment to the values and make him understand the weight of the compromise that needs to be done. More so, he can be shown the impact that might be suffered by the organization in the event that the action is known to the public.
The third step entails making an analysis. In the event that the action backfires, there will be a negative impact suffered by the organization such as facing litigation as well as tarnishing the org.
Ethical DilemmaAssume you are a manager of a large heavy equipme.docxgitagrimston
Ethical Dilemma
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country. The outsourcing of this piece of equipment has saved your organization a considerable amount of money and has increased profits by 15%. A recent newspaper article has revealed that this firm is paying their employees only a few dollars a day and their employees often work long hours. While you are not the only company that uses this firm your company was specifically named in the newspaper article. You have been asked by your CEO to make a decision on whether or not to continue to do business with this firm.
post your answers to the following questions in paragraph form (minimum of 500-600 words) Be sure to incorporate your weekly readings, citing your sources using proper APA (including in-text citations and references). In making this decision you will need to do the following:
1. Discuss the ethics of continuing to do business with this firm. In this discussion evaluate the economic, legal and ethical issues. Describe how a written code of ethics might impact your decision.
2. Describe any other factors you would consider in making a decision to continue or discontinue doing business with this organization.
3. State the process you would follow to make your decision, provide your decision, and explain the decision making style you have used.
4. Prepare A SWOT analysis of your decision using the following table:
Strengths
Weaknesses
Opportunities
Threats
Notes from class readings
Criteria for Ethical Decision Making
Most ethical dilemmas involve a conflict between the needs of the part and the whole—the individual versus the organization or the organization versus society as a whole. For example, should a company scrutinize job candidates' or employees' social media postings, which might benefit the organization as a whole but reduce the individual freedom of employees? Or should products that fail to meet tough Food and Drug Administration (FDA) standards be exported to other countries where government standards are lower, benefiting the company but potentially harming world citizens? Sometimes ethical decisions entail a conflict between two groups. For example, should the potential for local health problems resulting from a company's effluents take precedence over the jobs it creates as the town's leading employer?
Managers faced with these kinds of tough ethical choices often benefit from a normative strategy—one based on norms and values—to guide their decision making. Normative ethics uses several approaches to describe values for guiding ethical decision making. Five approaches that are relevant to managers are the utilitarian approach, individualism approach, moral-rights approach, justice approach, and practical approach.27
Utilitarian Approach
The utilitarian approach, espoused by the nineteenth-centu ...
RESPOND EACH STUDENT 200 WORDSRonnie Sims Week 4 Rodgers vs..docxpeggyd2
RESPOND EACH STUDENT 200 WORDS
Ronnie Sims
Week 4 Rodgers vs. Mackey
Top of Form
Maximizing long term shareholder value is one of the objectives many businesses have in determining their growth and success. Shareholders are regarded as the owners of the companies and so, their worth should always be given the top priority before any other business is considered. However, when corporations act ethically by contributing towards their immediate societies through corporate social responsibility initiatives, they are seen to disregard the shareholder wealth maximization objective. Organizations should strike a balance between community based charity initiatives and taking care of their real owners. Firms that fail to maximize the wealth of their owners have always been at loggerheads and may end up losing their worth in the market. Adding more value to the society than it is to the company may mean lack of understanding of the company and its objectives which is also another recipe for long term failure.
This concept is far more important to businesses, society and individuals in that its understanding facilitates proper coordination between the three extremes. The best position to approach this issue is from Mackey whose ideas stress on the need to balance between organizational objectives and societal needs. According to Hartman, DesJardins, & MacDonald, (2018). When the long-term shareholder value is fully maximized, attention should then focus on the societal needs based on their urgency. Individuals will have a better understanding of the firm, its objectives and the focal areas before its attention is shifted to those outside its realms. Additionally, the society will know where the focus of the organization is and develop a framework that will cater for their needs, instead of depending on the corporation for all their needs.
Bottom of Form
Miguel Bernal
Week 4 Discussion
Top of Form
There are many corporations throughout the world that are successful and some that go under. The ones that survived are the ones that create items that society needs, but also sell their product at a price that people can afford. The job of business managers is to make sure that the company’s investing in technology, buying or maintaining equipment, process running correctly, people are working efficiently, and facilities are in working order. On top of that, workers need to be provided with fair wages and good benefits. If workers feel that they are not getting treated right, they might refuse to work for the company or go on strike. These means that products for that company will not be created and the stock prices start falling. All of these items required money, money helps create the products and money in needed to pay workers. Some of the money is from shareholders, which could also be used for investments. The more shareholders buy stocks, the more money than can flow into the company for expansion of facilities, equipment, human capital, an.
Management of ethics - Unit 2 of BBA (sem3)
Every year, studies report that a large percentage of people think that they themselves are highly ethical, while they also think that a large percentage of the rest of the world is not.
The Importance of Ethics in Business
When business are engaged in multinational activities, a variety of important issues arise that do not have the same easy answers as are offered by doing business in only one area of legal jurisdiction or nation. Because of this dilemma that is increasingly plaguing the large multinational corporations, international business ethics has arisen to help address these sticky subject matters. International business ethics attempts to deal with questions of what to do in situations where ethical morals come into conflict as a result of the differing cultural practices.
115
law43665_ch06_115-136.indd 115 11/14/18 01:42 PM
C H A P T E R S I X
Organizational Ethics
Faced with increasing pressure to create an ethical environment at work, businesses can take
tangible steps to improve their ethical performance. The organization’s culture and ethical work
climate play a central role in promoting ethics at work. Ethical situations arise in all areas and func-
tions of business, and often professional associations seek to guide managers in addressing these
challenges. Corporations can also implement ethical safeguards to create a comprehensive ethics
program. This can become a complex challenge when facing different customs and regulations
around the world.
This Chapter Focuses on These Key Learning Objectives:
LO 6-1 Classifying an organization’s culture and ethical climate.
LO 6-2 Recognizing ethics challenges across the multiple functions of business.
LO 6-3 Creating effective ethics policies and identifying responsible individuals to become the
organization’s ethics and compliance officer.
LO 6-4 Constructing successful ethics reporting mechanisms, ethics training programs, and similar
safeguards.
LO 6-5 Understanding how to conduct business ethically in the global marketplace.
Final PDF to printer
116 Part Two Business and Ethics
law43665_ch06_115-136.indd 116 11/14/18 01:42 PM
In 2016, British regulators fined the U.S. pharmaceutical giant Pfizer $107 million for
overcharging 48,000 patients in their national health care system for the generic version of
the epilepsy drug phenytoin sodium. Pfizer had worked with the drug distribution com-
pany, Flynn Pharma Limited, to de-brand the drug in 2012 in order to raise the price to
insurers. Generic drugs are not normally subject to government—pharmaceutical com-
pany negotiations, so the prices could be freely determined by Pfizer. The drug company
charged wholesalers and pharmacies a price 17 times higher than the amount it had
charged before 2012.1
In 2016, Wells Fargo, a global banking and financial giant, was fined $185 million
for issuing credit cards to consumers without their consent. Over a period of five years,
Wells Fargo employees opened around 1.5 million unauthorized bank accounts and issued
over half a million credit cards fraudulently. Over time, consumers started to accumulate
banking fees for accounts they did not want or know about. Some of the victims were even
contacted by debt collectors for not paying their fees. Wells Fargo refunded approximately
$2.6 million to the affected consumers, but the damage to these individuals’ credit ratings
lingered on. Over 5,300 Wells Fargo employees and managers involved in the scandal were
fired as the firm cited major weaknesses in the company’s corporate culture.2
Pfizer and Wells Fargo are just two of many companies from around the world that
over the years have been charged with excessive pricing, defrauding their customers, lying
about their finances, misha.
Anthropology 130 Extra Credit - Web Articles on Race 20 poi.docxRAHUL126667
Anthropology 130 Extra Credit - Web Articles on Race
20 points maximum
With the recent news stories showing differences in experience by members of different
races in the United States, new attempts to start the conversation on race and culture
have been published online. This assignment involves carefully exploration of one of the
recent media pieces on the topic and summarizing its main points.
Part One
Choose one of the following links for this assignment.
• Flam, F. (2016, October 3). Concept of race stands as science’s biggest blunder [Web
article]. The Kansas City Star. Retrieved from http://www.kansascity.com/opinion/opn-
columns-blogs/syndicated-columnists/article105647021.html
• Fuentes, A. (2015, June 22). Ignorance about race is killing us [Web article].
Psychology Today. Retrieved from https://www.psychologytoday.com/blog/busting-
myths-about-human-nature/201506/ignorance-about-race-is-killing-us
• Yodel, M., Roberts, D., DeSalle, R. & Tishkoff, S. (2016, February 5). Taking race out
of human genetics. Science. 351(6273), 564-565. Retrieved from http://
science.sciencemag.org/content/351/6273/564.full
Part Two
Answer both parts of the prompt:
a. What is the main point that the writer conveyed?
� of �1 2
http://www.kansascity.com/opinion/opn-columns-blogs/syndicated-columnists/article105647021.html
http://www.kansascity.com/opinion/opn-columns-blogs/syndicated-columnists/article105647021.html
http://www.kansascity.com/opinion/opn-columns-blogs/syndicated-columnists/article105647021.html
https://www.psychologytoday.com/blog/busting-myths-about-human-nature/201506/ignorance-about-race-is-killing-us
https://www.psychologytoday.com/blog/busting-myths-about-human-nature/201506/ignorance-about-race-is-killing-us
https://www.psychologytoday.com/blog/busting-myths-about-human-nature/201506/ignorance-about-race-is-killing-us
http://science.sciencemag.org/content/351/6273/564.full
http://science.sciencemag.org/content/351/6273/564.full
b. What are two quotes from the article that especially caught your attention? Why
were these passages effective in making their points?
Your reflection should be at least 300 words, and written as an organized paragraph.
Turn in your completed assignment on Canvas or in class by the due date.
Grading
A full score will be given to a reflection that addresses all of the required points. The
breakdown of the assigned score are:
• Accurately gives main point of the paper (6 points)
• Presents two quotes and explains why each is effective (8 points)
• College level writing: organized and free from spelling and grammatical problems (3
points)
• Low use of direct text from the article (except for the two quotes) (3 points)
� of �2 2
Business Ethics and
Social Responsibility
http://www.wileybusinessupdates.com
Chapter
2
1
Explain the concern for ethical and societal issues.
Describe the contemporary ethical environment.
Discuss how organizations shape ethical condu.
PART 11. Fred takes Betty to dinner at a very expensive and excl.docxdanhaley45372
PART 1
1. Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server takes their order, and both Betty and Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay because the menu had no prices and because he and the server never engaged in language indicating an offer and acceptance. The server said, “Are you ready to order?” and when Fred said “Yes,” the server merely asked, “What may I get you tonight?”
Fred must pay based on a promissory estoppel theory.
Fred must pay based on expressed contract theory.
Fred is correct because no contract was formed.
Fred must pay based on an implied-in-fact contract theory.
2. The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:
Be equal to the average total cost of diamonds.
Exceed the marginal cost of diamonds but equal to the average total cost of diamonds.
Be equal to the marginal cost of diamonds.
Exceed both the marginal cost and the average total cost of diamonds
3. Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store. He is the ultimate consumer in a pipeline from the producer through intermediaries, including the clothing store. This pipeline is actually a__________.
marketing tunnel
consumer market
marketing channel
distribution matrix
4. A monopoly firm is different from a perfectly competitive firm in that:
A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly elastic.
A monopolist can influence market price whereas a perfectly competitive firm cannot.
A competitive firm has a u-shaped average cost curve whereas a monopolist does not.
There are many substitutes for a monopolist’s product whereas there are no substitutes for a competitive firm’s product.
5. A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on nationality. Their complaint is squashed. Here, the defense of the federal government is on the grounds of:
Circumstantial evidence
Inculpatory evidence
Exclusionary rule
Bona fide occupational qualifications
6. In order to focus your presentation on people, you should______.
avoid using presentation software or other technology
use a lot of “I” statements
make individuals and groups the subject of your sentences
include as many photographs as possible in your slides
7. Which of the following is typically included in the drafting stage of writing an effective business message?
Setting a positive and other-oriented tone
Sending the message to be proofread
Double-checking everything
Identifying the primary message and key points
8. Marketing refers to__________.
the activity for creating, .
Social responsibility is the awareness that business activities have an impact on society and the consideration of that impact by firms in decision-making. Visit this page http://bankofinfo.com/social-responsibility-of-business/
Professional and Ethical, Issues and ResponsibilitiesUpekha Vandebona
Discussing about Ethics in Business World. This mentions why we need to foster an ethical working environment and how to perform ethical decision making process.
Running head GLOBAL BUSINESS ISSUES1GLOBAL BUSINESS ISS.docxwlynn1
Running head: GLOBAL BUSINESS ISSUES
1
GLOBAL BUSINESS ISSUES
5
Global Business Issues
Scotty Strahan
October 23, 2018
Colorado Technical University
Introduction
Business ethics is a field that calls for ethical conduct when managers, supervisors, and workers are meeting the daily duties. This in compliance with applicable laws and organization’s code of conduct at all times regardless of the circumstances of a specific situation (Ferrell & Fraedrich, 2014). Ethical conduct is helpful to an organization as it helps it avoid backlashes that might surface as a result of an unethical conduct. In light of this, low and high-ranking employees should have a self-drive in upholding ethical conduct in all situations. The following section looks into the ethical make-up of giving or taking a bribe for business purposes while utilizing the Project Management Institute (PMI) steps for arriving for to an ethical decision.
Discussion
The first step entails making an assessment. This is the process where one gathers facts about the ethical dilemma mainly regarding implications on the law and policies. In this case, bribing in the country for business purposes is not perceived illegal but does not abide with the organization’s code of ethics and also does not align with ethical values fostered by the organization. Bribing is normally perceived unethical as individuals are likely to overlook best practices when meeting business goals (Kenny, 2013). They are not held accountable after bribing their way through hence likely to put consumers at risk of harm that may result. In this step, it is worth noting that an individual can as well examine their personal values before committing to the action that need to be undertaken.
The second step entails examining the available alternatives. In this case, it can be seen that the competitors are willing to bribe their way through which is amounts to a threat. There are a number of alternatives that can be undertaken to counter the threat as follows. First, the government official can be involved in a session that will make him learn about advantages that will result if the business operates in the country. For instance, through corporate social responsibility the locals will benefit from a number of offers. Also, employment will be created. The official will be shown the big picture other than pocketing a bribe. Two, another alternative entails making the official learn about the ethical values of the organization that should not be violated in any case. One needs to show him utmost commitment to the values and make him understand the weight of the compromise that needs to be done. More so, he can be shown the impact that might be suffered by the organization in the event that the action is known to the public.
The third step entails making an analysis. In the event that the action backfires, there will be a negative impact suffered by the organization such as facing litigation as well as tarnishing the org.
Ethical DilemmaAssume you are a manager of a large heavy equipme.docxgitagrimston
Ethical Dilemma
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country. The outsourcing of this piece of equipment has saved your organization a considerable amount of money and has increased profits by 15%. A recent newspaper article has revealed that this firm is paying their employees only a few dollars a day and their employees often work long hours. While you are not the only company that uses this firm your company was specifically named in the newspaper article. You have been asked by your CEO to make a decision on whether or not to continue to do business with this firm.
post your answers to the following questions in paragraph form (minimum of 500-600 words) Be sure to incorporate your weekly readings, citing your sources using proper APA (including in-text citations and references). In making this decision you will need to do the following:
1. Discuss the ethics of continuing to do business with this firm. In this discussion evaluate the economic, legal and ethical issues. Describe how a written code of ethics might impact your decision.
2. Describe any other factors you would consider in making a decision to continue or discontinue doing business with this organization.
3. State the process you would follow to make your decision, provide your decision, and explain the decision making style you have used.
4. Prepare A SWOT analysis of your decision using the following table:
Strengths
Weaknesses
Opportunities
Threats
Notes from class readings
Criteria for Ethical Decision Making
Most ethical dilemmas involve a conflict between the needs of the part and the whole—the individual versus the organization or the organization versus society as a whole. For example, should a company scrutinize job candidates' or employees' social media postings, which might benefit the organization as a whole but reduce the individual freedom of employees? Or should products that fail to meet tough Food and Drug Administration (FDA) standards be exported to other countries where government standards are lower, benefiting the company but potentially harming world citizens? Sometimes ethical decisions entail a conflict between two groups. For example, should the potential for local health problems resulting from a company's effluents take precedence over the jobs it creates as the town's leading employer?
Managers faced with these kinds of tough ethical choices often benefit from a normative strategy—one based on norms and values—to guide their decision making. Normative ethics uses several approaches to describe values for guiding ethical decision making. Five approaches that are relevant to managers are the utilitarian approach, individualism approach, moral-rights approach, justice approach, and practical approach.27
Utilitarian Approach
The utilitarian approach, espoused by the nineteenth-centu ...
RESPOND EACH STUDENT 200 WORDSRonnie Sims Week 4 Rodgers vs..docxpeggyd2
RESPOND EACH STUDENT 200 WORDS
Ronnie Sims
Week 4 Rodgers vs. Mackey
Top of Form
Maximizing long term shareholder value is one of the objectives many businesses have in determining their growth and success. Shareholders are regarded as the owners of the companies and so, their worth should always be given the top priority before any other business is considered. However, when corporations act ethically by contributing towards their immediate societies through corporate social responsibility initiatives, they are seen to disregard the shareholder wealth maximization objective. Organizations should strike a balance between community based charity initiatives and taking care of their real owners. Firms that fail to maximize the wealth of their owners have always been at loggerheads and may end up losing their worth in the market. Adding more value to the society than it is to the company may mean lack of understanding of the company and its objectives which is also another recipe for long term failure.
This concept is far more important to businesses, society and individuals in that its understanding facilitates proper coordination between the three extremes. The best position to approach this issue is from Mackey whose ideas stress on the need to balance between organizational objectives and societal needs. According to Hartman, DesJardins, & MacDonald, (2018). When the long-term shareholder value is fully maximized, attention should then focus on the societal needs based on their urgency. Individuals will have a better understanding of the firm, its objectives and the focal areas before its attention is shifted to those outside its realms. Additionally, the society will know where the focus of the organization is and develop a framework that will cater for their needs, instead of depending on the corporation for all their needs.
Bottom of Form
Miguel Bernal
Week 4 Discussion
Top of Form
There are many corporations throughout the world that are successful and some that go under. The ones that survived are the ones that create items that society needs, but also sell their product at a price that people can afford. The job of business managers is to make sure that the company’s investing in technology, buying or maintaining equipment, process running correctly, people are working efficiently, and facilities are in working order. On top of that, workers need to be provided with fair wages and good benefits. If workers feel that they are not getting treated right, they might refuse to work for the company or go on strike. These means that products for that company will not be created and the stock prices start falling. All of these items required money, money helps create the products and money in needed to pay workers. Some of the money is from shareholders, which could also be used for investments. The more shareholders buy stocks, the more money than can flow into the company for expansion of facilities, equipment, human capital, an.
Management of ethics - Unit 2 of BBA (sem3)
Every year, studies report that a large percentage of people think that they themselves are highly ethical, while they also think that a large percentage of the rest of the world is not.
The Importance of Ethics in Business
When business are engaged in multinational activities, a variety of important issues arise that do not have the same easy answers as are offered by doing business in only one area of legal jurisdiction or nation. Because of this dilemma that is increasingly plaguing the large multinational corporations, international business ethics has arisen to help address these sticky subject matters. International business ethics attempts to deal with questions of what to do in situations where ethical morals come into conflict as a result of the differing cultural practices.
115
law43665_ch06_115-136.indd 115 11/14/18 01:42 PM
C H A P T E R S I X
Organizational Ethics
Faced with increasing pressure to create an ethical environment at work, businesses can take
tangible steps to improve their ethical performance. The organization’s culture and ethical work
climate play a central role in promoting ethics at work. Ethical situations arise in all areas and func-
tions of business, and often professional associations seek to guide managers in addressing these
challenges. Corporations can also implement ethical safeguards to create a comprehensive ethics
program. This can become a complex challenge when facing different customs and regulations
around the world.
This Chapter Focuses on These Key Learning Objectives:
LO 6-1 Classifying an organization’s culture and ethical climate.
LO 6-2 Recognizing ethics challenges across the multiple functions of business.
LO 6-3 Creating effective ethics policies and identifying responsible individuals to become the
organization’s ethics and compliance officer.
LO 6-4 Constructing successful ethics reporting mechanisms, ethics training programs, and similar
safeguards.
LO 6-5 Understanding how to conduct business ethically in the global marketplace.
Final PDF to printer
116 Part Two Business and Ethics
law43665_ch06_115-136.indd 116 11/14/18 01:42 PM
In 2016, British regulators fined the U.S. pharmaceutical giant Pfizer $107 million for
overcharging 48,000 patients in their national health care system for the generic version of
the epilepsy drug phenytoin sodium. Pfizer had worked with the drug distribution com-
pany, Flynn Pharma Limited, to de-brand the drug in 2012 in order to raise the price to
insurers. Generic drugs are not normally subject to government—pharmaceutical com-
pany negotiations, so the prices could be freely determined by Pfizer. The drug company
charged wholesalers and pharmacies a price 17 times higher than the amount it had
charged before 2012.1
In 2016, Wells Fargo, a global banking and financial giant, was fined $185 million
for issuing credit cards to consumers without their consent. Over a period of five years,
Wells Fargo employees opened around 1.5 million unauthorized bank accounts and issued
over half a million credit cards fraudulently. Over time, consumers started to accumulate
banking fees for accounts they did not want or know about. Some of the victims were even
contacted by debt collectors for not paying their fees. Wells Fargo refunded approximately
$2.6 million to the affected consumers, but the damage to these individuals’ credit ratings
lingered on. Over 5,300 Wells Fargo employees and managers involved in the scandal were
fired as the firm cited major weaknesses in the company’s corporate culture.2
Pfizer and Wells Fargo are just two of many companies from around the world that
over the years have been charged with excessive pricing, defrauding their customers, lying
about their finances, misha.
Anthropology 130 Extra Credit - Web Articles on Race 20 poi.docxRAHUL126667
Anthropology 130 Extra Credit - Web Articles on Race
20 points maximum
With the recent news stories showing differences in experience by members of different
races in the United States, new attempts to start the conversation on race and culture
have been published online. This assignment involves carefully exploration of one of the
recent media pieces on the topic and summarizing its main points.
Part One
Choose one of the following links for this assignment.
• Flam, F. (2016, October 3). Concept of race stands as science’s biggest blunder [Web
article]. The Kansas City Star. Retrieved from http://www.kansascity.com/opinion/opn-
columns-blogs/syndicated-columnists/article105647021.html
• Fuentes, A. (2015, June 22). Ignorance about race is killing us [Web article].
Psychology Today. Retrieved from https://www.psychologytoday.com/blog/busting-
myths-about-human-nature/201506/ignorance-about-race-is-killing-us
• Yodel, M., Roberts, D., DeSalle, R. & Tishkoff, S. (2016, February 5). Taking race out
of human genetics. Science. 351(6273), 564-565. Retrieved from http://
science.sciencemag.org/content/351/6273/564.full
Part Two
Answer both parts of the prompt:
a. What is the main point that the writer conveyed?
� of �1 2
http://www.kansascity.com/opinion/opn-columns-blogs/syndicated-columnists/article105647021.html
http://www.kansascity.com/opinion/opn-columns-blogs/syndicated-columnists/article105647021.html
http://www.kansascity.com/opinion/opn-columns-blogs/syndicated-columnists/article105647021.html
https://www.psychologytoday.com/blog/busting-myths-about-human-nature/201506/ignorance-about-race-is-killing-us
https://www.psychologytoday.com/blog/busting-myths-about-human-nature/201506/ignorance-about-race-is-killing-us
https://www.psychologytoday.com/blog/busting-myths-about-human-nature/201506/ignorance-about-race-is-killing-us
http://science.sciencemag.org/content/351/6273/564.full
http://science.sciencemag.org/content/351/6273/564.full
b. What are two quotes from the article that especially caught your attention? Why
were these passages effective in making their points?
Your reflection should be at least 300 words, and written as an organized paragraph.
Turn in your completed assignment on Canvas or in class by the due date.
Grading
A full score will be given to a reflection that addresses all of the required points. The
breakdown of the assigned score are:
• Accurately gives main point of the paper (6 points)
• Presents two quotes and explains why each is effective (8 points)
• College level writing: organized and free from spelling and grammatical problems (3
points)
• Low use of direct text from the article (except for the two quotes) (3 points)
� of �2 2
Business Ethics and
Social Responsibility
http://www.wileybusinessupdates.com
Chapter
2
1
Explain the concern for ethical and societal issues.
Describe the contemporary ethical environment.
Discuss how organizations shape ethical condu.
PART 11. Fred takes Betty to dinner at a very expensive and excl.docxdanhaley45372
PART 1
1. Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server takes their order, and both Betty and Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay because the menu had no prices and because he and the server never engaged in language indicating an offer and acceptance. The server said, “Are you ready to order?” and when Fred said “Yes,” the server merely asked, “What may I get you tonight?”
Fred must pay based on a promissory estoppel theory.
Fred must pay based on expressed contract theory.
Fred is correct because no contract was formed.
Fred must pay based on an implied-in-fact contract theory.
2. The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:
Be equal to the average total cost of diamonds.
Exceed the marginal cost of diamonds but equal to the average total cost of diamonds.
Be equal to the marginal cost of diamonds.
Exceed both the marginal cost and the average total cost of diamonds
3. Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store. He is the ultimate consumer in a pipeline from the producer through intermediaries, including the clothing store. This pipeline is actually a__________.
marketing tunnel
consumer market
marketing channel
distribution matrix
4. A monopoly firm is different from a perfectly competitive firm in that:
A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly elastic.
A monopolist can influence market price whereas a perfectly competitive firm cannot.
A competitive firm has a u-shaped average cost curve whereas a monopolist does not.
There are many substitutes for a monopolist’s product whereas there are no substitutes for a competitive firm’s product.
5. A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on nationality. Their complaint is squashed. Here, the defense of the federal government is on the grounds of:
Circumstantial evidence
Inculpatory evidence
Exclusionary rule
Bona fide occupational qualifications
6. In order to focus your presentation on people, you should______.
avoid using presentation software or other technology
use a lot of “I” statements
make individuals and groups the subject of your sentences
include as many photographs as possible in your slides
7. Which of the following is typically included in the drafting stage of writing an effective business message?
Setting a positive and other-oriented tone
Sending the message to be proofread
Double-checking everything
Identifying the primary message and key points
8. Marketing refers to__________.
the activity for creating, .
BUS 475 Capstone Final Examination Part 1 : Business Question And Answer | UO...UOP E Help
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Chapter one - Needed: People-Centered Managers and WorkplacesAlex Munasir
Needed: People-Centered Managers and Workplaces
Source: Kinicki, A., dan Fugate, M. (2013). Organizational Behavior, 5th Edition. McGraw-Hill, Boston. (KF).
1. ETH 316 FINAL EXAMS
TO DOWNLOAD
Visit: www.finalexamguideline.com
True AndFalse
1. Most people expect fair play in their interactions and will even forgo economic benefits in order to
maintain a fair system.
2. Media coverage can positively influence an organization’s reputation allowing it to charge premium
prices and attract better applicants and investors.
3. An organization that does not fulfill its philanthropic responsibilities is acting unethically.
4. One of the most common faults in ethical decision making is to ignore the long-term consequences of a
decision.
5. In the past five-to-ten years, most lawsuits filed against pharmaceuticals are related to the companies’
advertising and marketing practices.
6. Because stakeholders’ interests frequently do not overlap, an organization is able to focus on one
stakeholder at a time.
7. If we understand how people think and behave in their native environment, we will understand how a
particular group will behave in relation to cultural outsiders.
8. Women working as expatriate managers are unsuccessful in some countries because they are treated the
same as women from that local culture.
9. Although bribes are an accepted part of commercial transactions in many Asian, African, Latin
American, and Middle Eastern countries, it is usually against the law in these very same countries.
10. Justice and fairness are universal human values. Therefore, specific beliefs and preferences about
what is a fair allocation are also universal.
Multiple choices (1/4 point each)
1. According to a national opinion survey, identify the goal that employees did not rank in the top five?
2. 2. Your friend, Sam, has been selected to create a new ethics training program at work. What advice
should you give Sam?
3. The __________ approach to formal corporate ethics initiatives is proactive and inspirational.
4. The _________ approach to formal corporate ethics initiatives focuses on required behaviour or
obeying the letter of the law.
5. Which of the following is false?
6. Which of the following is false?
7. Which of the following is false?
8. When dealing with an individual from a different culture,
9. “When in Rome, do as Romans do” is an example of:
10. ____________ assumes absolute truths that would require exactly the same standard and behaviour in
every culture.
Short Answer (5 points each) Write a 200-300 word response to each of the following short answer
questions.
1. Referring to the Corporate Social Responsibility (CSR) pyramid, how do legal responsibilities differ
from ethical responsibilities? Provide specific examples to support your distinction.
2. Reebok Corporation has made human rights a hallmark of its corporate strategy, culture, and identity.
Briefly describe at least two of the ways in which the company addresses international human rights
issues.