jon24565_ch05.qxd 11/2/05 1:22 PM Page 138 C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe
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theories outlook on ethical decisions, and I will relate one of the theories to personal past experience. Utilitarianism is a theory based on the ability to predict the outcome of a decision. The theory says that typically whatever choice will benefit the most people is the right choice to make, regardless of any constraints like laws, personal feelings, or societal opinions. The utilitarian uses a point system to provide a logical and rational explanation for making a decision. There are two
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Assignment 2 Question 1 If I have the opportunity to steal $100,000 from the company with absolute certainty that would not be detected or caught, I will not to do that. As a middle manager and as a leader of the thousand employees, I have responsibility be a good model to the thousand employees and leading them to make the right decision and direction. I cannot steal the money to fulfil my own satisfaction. As a professional employee and middle manager, ethically we should not to do so because
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by knowing the security laws, understanding public interests, and displaying accountability. Every stakeholder has the rights and responsibility to promote honesty and integrity from management. This case applies to the Securities Acts and the Sarbanes-Oxley Act. Joe and Mary participated in illegal and unethical actions. Both knew there was a performance problem but reported a misrepresentation of the recently installed system that was actually not achieving the expected results. Mary requested
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Ethics is a broad subject that encompasses all different sets of moral guidelines. In terms of Sociology, ethics can be defined as mode that implores us to act in a way to benefit society. In the 1971 documentary, “Quiet Rage”, psychologist Philip Zimbardo conducted a prison experiment at Stanford University aiming to gain knowledge in regards to the development of norms, roles, labels, and social expectations in a prison environment. Throughout this experiment Zimbardo lost control of the situation
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trade, animal welfare, labor standards and health concerns (Cho and Krasser 2011). The consumers reject the unethical offerings by the organizations through boycott or buycott. Boycott refers to the negative ethical purchase behavior while buycott refers to the positive ethical purchase behavior. Boycotting of various products is done by people that are harmful to the society like products made from animal skin is not purchased. On the other hand, in case of buycotting, the products are purchased that
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BUSINESS ETHICS BUSINESS ETHICS Case Assignment’s on: 1. Alia's case 2. Corporate Espionage 3. Internal Reporting Submitted To: Prof. Kaushik Choudhari By: Nakul Paruthi SNU ID: 1410120021 Submission Date: 7th September, 2015 Submitted To: Prof. Kaushik Choudhari By: Nakul Paruthi SNU ID: 1410120021 Submission Date: 7th September, 2015 School of Management and Entrepreneurship Gautam Budh Nagar, U.P., 201314 Case 1: Alia Problem:
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in the world the advertisement is aired. Advertising campaigns that appeal to consumer behaviors based on the value-expressive or utilitarian functions are the most common (Sirgy, 1991). Utilitarian advertisements deliver a message regarding the benefits of using a product or service. Advertising targeted to consumers with value-expressive attitudes will typically include product symbolism and an image strategy. In
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its worse period. There were many top executives engaged in many unethical behaviours like making a false financial statements, misleading statement and frauds,etc as a result of slippery slope. Andrew Fastow (CFO), Jeffrey Skilling (CEO), and Kenneth Lay (auditor) are among the most notable top-level executives implicated in the collapse of Enron. In fact, the board of directors should have prevented all of the unethical behaviours from happening. 2. What were the organisational factors that contributed
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ethically sound behavior and which would illustrate unethical behavior. Finally it will discuss the cost and benefits of the action that I think should be taken, based on the two ethical perspectives that were discussed. Jon recently found out that Selma has been taking money without ringing up the sale. She has been using the money as incentives or bonuses for her employees. This is agiants the company’s conduct policy as she is stealing from the company and causes some serious issues for Jon because
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