Shawn Mutchler Clara Gerl Comp I 01 September 2013 Unethical Mortgage Lending and the Collapse of the American Economy Living in an era of economic uncertainty is an abysmal proposition that many of us thought improbable. However, we find ourselves in the midst of the worst financial quagmire since the Great Depression of the 1920’s. Across the United States, businesses are down-sizing and even closing the doors of peripheral branches. In realizing that there is no way to return to a period
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successfully becoming the largest healthcare business at its peak and still to this day even after selling off half off their assets in a nationwide scandal that forever stained the healthcare industry. Profits were astronomical because of the efficient techniques fostered by its founder Richard Scott and partially because he fostered a highly unethical environment in his business. He dominated the market by underpricing existing hospitals until they went out of business or could be bought out. His clinics
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ENGL 1561 Business Writing Final Assignment Melissa E. Bryan Laurentian University March 31, 2014 Ethics can be defined as having standards of moral behavior that is accepted by society as right or wrong (Nickels, McHugh, McHugh, Cossa, & Sproule, 2013). In day-to-day life, the decisions made in ethical dilemmas can be very situational. There does not seem to be a clear set of rules and because of this, unethical situations and decisions arise. The term boiler room refers to an outbound
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Contents Case I 2 Toyota Ignorance on Safety 2 Impact on Individual, Organization and Society 3 Case II 6 Ethical Dilemma in Nigeria 6 Impact on Student, School and the society 7 Case III 10 HIV positive nurse gets sentenced on deliberate transmission of the disease 10 Impact on Individual, Organization and Society 10 Reference 13 Appendix 01 14 Appendix 02 15 Appendix 03 17 Case I Toyota Ignorance on Safety Toyota Moto Corporation is one of the world’s leading companies in
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They managed to steal more than $430 million by means of fraudulent sales of Tyco stock and hiding this information from the shareholders. The two executives were charged with numerous counts of misconduct, including business corruption and falsification of business records. Even though the investigation did not identify additional fraud issues, the company still restated its financial records by hundreds of millions of dollars. Furthermore, it took additional measures to restore shareholders’
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Annotated Abend, G. (2013). The Origins of Business Ethics in American Universities, 1902-1936. Business Ethics Quarterly, 23(2), 171-205. doi:10.5840/beq201323214 The history of the field of business ethics in the U.S. remains understudied and misunderstood. In this article I begin to remedy this oversight about the past, and I suggest how it can be beneficial in the present. Using both published and unpublished primary sources, I argue that the business ethics field emerged in the early twentieth
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recent years, corruption and bribery become a controversial issue worldwide. Some countries including the U.S. and China have specific laws to resist these conducts, but some countries like Somalia consider corruption and bribery as a tool of doing business. This difference between countries is due to the deeply cultural distinction. After reading chapter five on ethical values, it brings me a good argument about the definitions of morality and ethics. According to the textbook, ethical relativism
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Cross Cultural Perspectives The Walmart Corporation is a major American retailer. Walmart is the largest and most successful general merchandise retailer from the US. However, when Walmart attempted to branch out into new countries they failed time and time again. Is this report I am going to cover a few of the reasons they failed in several countries. Identifying the actual issues at fault. Then describe the issues in detail and how they affect Walmart as a result of being a global company
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marketing has to be specific targeting the college age consumer or young business professionals to avoid costly litigation. Ban on Flavored Cigarettes The marketing company must advise the Exotic Smokes Company as to the ban on flavored cigarettes. The marketing company must not advertise a banned tobacco product. With full knowledge that the product is in direct violation and continuing to market the product is unethical and will potentially open the marketing company up to litigation. The marketing
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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 four rules that can be used
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