Question 1 Companies that do business with customers in developing nations that lack access to hard currencies are likely to make extensive use of: Answer Selected Answer: countertrading. Correct Answer: countertrading. Question 2 A country has a comparative advantage in the production of a good if it can produce that good _____ than other nations. Answer Selected Answer: at a lower opportunity cost Correct Answer: at a lower opportunity cost Question
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service field it is important for us to know that now if a client expresses they have a plan to kill someone, it is our obligation to break confidentiality and inform the potential victim and or the police of the thoughts of your client. This may be a tough thing for some of us to do because of the ethical responsibilities we have with our clients but now this is a part of our legal responsibilities to protect the welfare of the society by having the duty to protect individuals who are bing threatened
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helping professional would not be held accountable for any ethical violations. However, duty to warn is sometimes seen as a gray area when it comes to values and social work. “An ethical dilemma often occurs when two or more social work values are in conflict. The clients right to privacy and the social worker’s obligation to warn a third party of the possibility of harm” (Gaskill, E. 1996). I would imagine in some cases there would not be an ethical dilemma. However, there may be a
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business are economic, legal, ethical, and discretionary (Carroll, 1991). Economic responsibility is a business organization to produce goods or service to society, and creditors or shareholders can get return. Legal responsibility is defined in law by government that management is expected to follow. Ethical responsibility is organization management to obey the beliefs in a society. The last discretionary responsibility is the management of their own accord to take obligations, they do it by themselves
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application of general ethical concepts to specific situations confronted in a business. The main question asked when analyzing business ethics is what is right and what is wrong as far as someone’s behavior in a business. What principles or what rules can be used a guidance in certain business situations. Some people feel that business and ethics should not go hand-in-hand. They feel that there is no room for ethics in business. While others feel that businesses need to practice good ethical and moral values
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The model of the `perverse effects` When are implemented, the rules, judgments and policies acquire a life of their own. They not only solve present dilemmas, but also influence later behavior. That is, when a particular ethical or legal policy is used to correct an existing situation, it can have undesirable effects that bring new injustices into new situations. In other words, rules and judgments can create counterproductive incentives, which that undermine either the moral principle on which
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elements: Capital, labor, and production and products for consumption. The technical definition also implies that organizations are more stable than an informal group, are formal legal entities, and are social structures. The behavioral definition states that an organization is a collection of rights, privileges, obligations, and responsibilities that are delicately balanced over a period of time through conflict and conflict resolution. This definition highlights the people within the organization
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Ethical Code and CSR activities: DEFINITION of 'Code of Ethics' A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional will be held. A guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the
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trust, Norms: Accepted behaviors. Morals: Rules of right conduct: right/wrong 5. A Crisis in Business Ethics * Consumer trust of businesses is declining, No sector is exempt from ethical misconduct, Stakeholders determine what is ethical/unethical ,Investors Employees, Customers, Interest groups, Legal system, Community 6. Why Study Business Ethics? * Reports of unethical behavior are on the rise, Society’s evaluation of right or wrong affects its ability to achieve its business
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disoriented, and refused to have the feeding tube placed. Her mother and father insisted that the feeding tube be inserted despite her refusal to allow it. Her ex-husband wishes to uphold June’s decision. The hospital administrators seek risk management for legal counsel. Utilize your Showalter textbook and at least two other sources to answer the following questions: 1. Explain how the Patient Bill of Rights applies to this situation. The U.S constitution is called the supreme law of the land because
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