Exercise 2.2.1Modified True/FalseDirections: Identify the following statement as True/False and write your answer on the spaceprovided before each item. If your answer is false, support it by writing the correct statement onthe space provided. (Each item is worth 2 points)1. Voluntary practices include documented best practices.2. The primary method for resolving business ethics disputes is through the criminalcourt system.3. Laws and regulations are established by governments to set maximum standardsfor responsible behavior.4. Mandated boundaries are management-initiated boundaries of conduct whichinclude the beliefs, values, and voluntary contractual obligations of a business.5. Strategic philanthropy represents a new direction in corporate giving thatmaximizes the benefit to societal or community needs and relates to businessobjectives.Exercise 2.2.2Directions: Identify what specific ethical issue is demonstrated in the following business ororganizational situation. (Each item is worth 2 points)1. Anabel is a young woman worker who works for Loyola's Trading. She is single and goodlooking. One time, while she was talking to Rodel, the manager for important businesstransaction, Rodel without any malice tightly holds her hands for some time. Anabel feltuncomfortable of the behaviour of the manager.2. Anna Woodruff is the purchasing manager for Allied Transport. One of Allied transportsuppliers has just had a Schwinn bicycle delivered to Anna as a gift.3. Ana is the head of the accounting unit and her office is provided with office supplies for theoperation of the unit. However, she brought home some of the office supplies for family use.4. Your co-worker is copying company-purchased software and taking it home without theknowledge of the management.5. Jose Cruz is an assistant superintendent in the Maple Leaf school district. Mr. Cruz's job is toaward contracts for all facilities management. Mr. Cruz awarded an asbestos removalcontractto his brother's firm.21 Share Your ThoughtsDirections: Answer the following questions briefly using the attached rubrics.1. Distinguish between voluntary and mandated boundaries of ethical conduct by citing aparticular situation in any business type of organization.2. What are the elements of an ethical culture? Briefly discuss how these elements contribute tothe development of ethical culture in an organzaition.3. Explain why should business organization comply the specific mandated requirements inareas related to competition, consumers, and safety.

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Answered: Directions: Identify the following…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Open source software is a software that provides access to the program's code, which means that it can be freely modified. Often organizations must decide to build custom software or purchase a commercial software package. Discuss how open source software might impact the build verses buy decision.

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