Discuss briefly why ethical decision-making is essential in an organization. Q1(b). Identify three (3) companies (internationally, regionally or locally) that were cited for ethical violations in their business operations, and give a brief account of the violation and how the organization and the stakeholders were affected
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Q1(a). Discuss briefly why ethical decision-making is essential in an organization.
Q1(b). Identify three (3) companies (internationally, regionally or locally) that were cited for ethical violations in their business operations, and give a brief account of the violation and how the organization and the stakeholders were affected
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- 26- Identify the correct statement about ethical decision- making? a. Applying Ethical principles b. All the options are correct c. Choosing among alternatives d. Process of evaluatinghelp ! all of the following increase the likelihood that an employee will see the ethical dimension of a decision, except which ? 1. seeing potential harm to others 2.employees getting regular etjics trainings 3.when an employee belives peers are likely to see an issue as ethical 4.when an issue is framed using euphemistic languageA) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?
- Review Table 6.1: A Comparison of the Philosophies Used in Business Decisions (p.158). When you post your main Discuss post, please clearly label each part of your response so that we can all easily understand what part you are answering.Q1. List the factors that influence managers’ decision-making processes in an organization, in situations where the assumptions of perfect rationality do not apply. Q2. Discuss briefly three (3) ways that your institution and leaders/managers in the sector in which your organization is categorized have adapted to the present environment (Pandemic). Q3. Identify and discuss briefly four (4) common errors that may be committed in the decision-making process.Decision-related conflict frequently revolves around an ethical conundrum of some kind. The best way to handle ethical dilemmas, according to Carter McNamara, is to prevent them from occurring in the first place. That is why actions like creating codes of ethics and conduct are so crucial. Employees become more ethically aware as a result of their development, which also lowers the likelihood that unethical behaviour will ever take place. What might have gone wrong if an organization did this and used a good DM strategy but still experienced issues with lingering conflict?What are the leaders of the company lacking? How could something that they are "not getting right" (or not getting at all!) be successfully challenged and corrected?
- Ahmad seeks help from his friend Feras whenever he wants to take an ethical decision. In Ethical decision-making, which of the following steps does it represent? a. Seek consultation b. Consider the possible and probable course action c. Know the relevant laws and regulations d. Identify the problemWhich of the following two are the primary causes for managers failing to behave in the best interest of shareholders? chose all that apply Insufficient compensation The principle-agent problem Bias in their decision-making process Managers are ill-informedthe Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? the 3 Hierarchies are top tier visionaries, middle tier standarised decison makers and the base tier intuitive decision maker. Explain them and explain which level of these has the best chance of success and why? need to know advantages as well please Thank you.
- 1. why ethical decision-making is essential in an organization, 2. what are the possible effects that ethical violations/unethical behaviors can have on the organization and its stakeholders.MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!1. Crane and Matten define ethical theories as “the______ and principles that determine right and wrong for a given situation. 2. De George (1999) suggests two extremes in locating a place for ethical theory. What are these two extremes? a) Normative / instrumental. b) Moral / immoral. c) Absolutism/relativism. d) Religious / non-religious. 3. Consequentialist ethical perspectives base their moral judgment on the motivations and/or principles of the actors. a) True b) False 4. Match the major normative theories of business ethics with the rules they employ. a) Egoism = Self-interest b) Utilitarianism = Act or rule utility c) Ethics of duties = Categorical imperative d) Rights and justice = Respect for human beings 5. What, according to Theory, are the main problems with utilitarianism? Please select all that apply. a) Distribution of utility b) Subjectivity c) Limited social acceptability d)…