Case study scenario:A manufacturing company provides jobs for many people in a small town whereemployment is not easy to find. The company has stayed in the town even though itcould find cheaper workers elsewhere, because workers are loyal to the companydue to the jobs it provides. Over the years, the company has developed a reputationin the town for taking care of its employees and being a responsible corporatecitizen. The manufacturing process used by the company produces a by-product thatfor years has flown into the town river. The by-product has been consideredharmless but some people who live near the river have reported illnesses.Questions:What are the issues of integrity and ethics posed in the case study?What options does the company have, and what should it do and why?

Explanation-It is a moral concern so because firm has not committed any illegal acts or broken any…

A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company

A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter8: Pricing Generally

Section: Chapter Questions

Problem 10RQ

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Concept explainers

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.

Question

Case study scenario:
A manufacturing company provides jobs for many people in a small town where
employment is not easy to find. The company has stayed in the town even though it
could find cheaper workers elsewhere, because workers are loyal to the company
due to the jobs it provides. Over the years, the company has developed a reputation
in the town for taking care of its employees and being a responsible corporate
citizen. The manufacturing process used by the company produces a by-product that
for years has flown into the town river. The by-product has been considered
harmless but some people who live near the river have reported illnesses.
Questions:
What are the issues of integrity and ethics posed in the case study?
What options does the company have, and what should it do and why?

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