Mention 5 types of Business Ethics in mangement.
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- 50- Among the following option, which one is the concept of Ethics? a. The wrongful act of children b. The financial status of human c. Right and wrong conduct d. The profitability of a businessQuestion 2 An external corporate governance framework provides the rules, guidance and controls arising outside an organisation that are intended to influence the decisions, actions and behaviour that occur within it. Distinguish internal and external corporate governance, and explain how they relate.Situation 2 A company- Company ABC has decided to use an opaque management and holding structure to run its risky business of operating chemical production plants. The employees of the Company ABC are unaware of the true identity of the shareholders and board members of the Company ABC. These employees are also under tremendous pressure to perform and in the recent pandemic were forced to attend office mandatorily so that ethanol which is used in the manufacture of hand sanitisers is continuously produced. Unfortunately, a few days ago there was a major accident in one of the plants of Company ABC which was operating at more than full capacity due to instructions from the board of Company ABC. This was followed a few days later by an outbreak of Covid-19 in one of the manufacturing plants. Question 4: Discuss the management style and holding structure of Company ABC from a corporate governance perspective. Identify the improvements which could be made and how the Company ABC would…
- Continental Airlines filed for bankruptcy, at least in part, as a means of reducing labor costs. Whether this move was ethical, or proper, was hotly debated. Give both sides of the argument.Read the scenario below and offer your opinion as a student of Business Law.ScenarioRiaz, an impoverished university student, and his millionaire father enter into anarrangement where Riaz agrees that he will keep the front- and backyards of thefamily property mowed, and he will ‘do a bit’ to keep the gardens looking tidy. In return,his father agrees to pay him a weekly allowance of Rs.2000. His father had previously used agarden contractor to do the job and paid him Rs.3500. They live on a one-hectare property,and the mowing alone takes half a day a week. After four weeks, Riaz’s father tells himthat he can’t afford to pay Rs.2000 a week. He says that Riaz should be doing the workfor nothing, as it is the responsibility of the whole family to look after the property;besides, he says, Riaz is getting free board and lodging.(food and stay) You have to consider some legal issues regarding contract act before properly advising Riaz. Family discussion Riaz as a Minor Riaz as a Major…Identify and describe how corporate governance of P&G fosters the making of ethical decisions by a firm’s top-level managers