Unit 1 Milestone 17

What are the major ethical considerations that businesses must address in their decision- making processes?

Briefly explain your or a specific ethical decision-making style based on the five ethical decision-making principles.

Making good ethical decisions to solve Ethical Dilemma requires a trained sensitivity to ethical ISSUES AND A practiced method for exploring the ethical aspects of a decision. LIST two practical methods for ethical problem solving and give a brief description of each.

What are the legal and ethical considerations in business decision-making, including issues related to corporate social responsibility, environmental sustainability, and fair labor practices?

given that people rarely use a company’s code of ethics to guide their decision making, what good are the codes?

Describe one professional experience in which you used evidence as the basis for decision making and one experience in which you made a decision without evidence for support. For each of the situations described, explain how the use of evidence (or the lack of it) impacted the outcome of your decision making. Be specific in terms of positive and negative impacts. What were your previous experiences, identify two or more “lessons learned” regarding the practice of evidence-based decision making. How might you change your approach in the future?

What environmental factors and risks must be considered in the company's decision-making process?

How do the terms business ethics and social responsibility differ from each other? Multiple Choice Business ethics concerns the impact of the entire business's activities on society, whereas social responsibility relates to an individual's decisions that society evaluates as right or wrong. Business ethics is a broader concept, whereas social responsibility is a narrower concept. Business ethics and social responsibility can be used interchangeably because they mean the same thing Business ethics relates to an individual's or a work group's decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact of the entire business's activities on society.

Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…

Is selling tobacco to end consumers or to businesses ethical? Why or why not? When faced with an ethical dilemma involving a million-rupee opportunity to start a tobacco business, discuss the tests you would use to arrive at the correct decision. Which of these tests of ethical decision- making during a dilemma do current tobacco businesses meet?

An investigative journalist from the BBC has claimed that a major clothing brand uses factories in Indonesia which pollute nearby rivers, damaging the health of local people who use the rivers for bathing and washing. The factories provide much-needed employment in the local area. Determine the different groups of stakeholders involved in this issue. As CEO of the clothing brand, how would you balance the interests of these different groups of stakeholders?

Ethical Behavior and Characteristics of Ethics Elements and tools of Decision-Making

It is! With ethical questions in business, you can weigh different factors and consider: How the decision might affect the common good of society at large and the greatest moral virtues: prudence, temperance, courage, and justice. How the decision might affect our stakeholders and profitability; whether the decision is consistent with our company's values; and how the public would react if they found out about our decision.

THE RIGHT TO CHOOSE?! After months of struggling to stay afloat during the pandemic and as people are returning to work in person, companies are grappling with the new challenge of whether to require workers to get vaccinated.  Some companies, faced with the prospect of liability issues and out of concern for health and safety, decided to attempt to force their employees to get vaccinated if they want to continue working or return to the office.  Some experts are calling on employers to make it mandatory.(a)  Is it unethical for private businesses to refuse to continue to employ or serve unvaccinated individuals?  Why?(b)  Is it Illegal?  Is whether an action is legal or illegal a determining factor for whether certain actions are ethical?

What are the ethical considerations involved in decision-making patterns, and how can individuals and organizations incorporate ethical frameworks into their decision-making processes?

what are the the challenges of ethical decision-making in modern business environments?

Explain the role of viability when making ethical decisions.

Do you think computer decision making systems can effectively take ethical issues into account? What is the role of human decision makers in creating ethical choices? Explain

How can employee take an ethical stand regarding a business decision when his or her superior already has taken a different position

Ethical codes are foundational frameworks that guide individuals or groups in making moral decisions and conducting themselves in a manner that aligns with values such as honesty, integrity, fairness, and respect for others. These codes serve as compasses in navigating complex situations where ethical dilemmas may arise, providing a set of principles to uphold in both personal and professional contexts. They often encompass a wide range of considerations, including responsibilities to clients or customers, colleagues, the organization, and society at large. For instance, in professions such as medicine or law, ethical codes outline obligations to prioritize the well-being of patients or clients, maintain confidentiality, and avoid conflicts of interest. In business, ethical codes may emphasize transparency, environmental sustainability, and adherence to laws and regulations. However, ethical codes are not static; they evolve over time to reflect changing societal norms, advancements in…

Make an own 10 steps guide to ethical decision making . Explain the connection of each step of this ethical decision making

Ethical decisions that affect a buyer’s ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.