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- 5. What is the impact of business ethics to society in general? 6. Why is there a special need for Ethical Behavior by Professionals? 7. Explain whether the following statement is true or false. "Responsiveness usually results to effectiveness and efficiency". 8. Explain how business managers could act ethically 9. If you are a CEO, how can you handle politics within your organization?Starting up and managing a business requires one to act responsibly and ethically at all times. It isalso imperative that one carefully considers the management team and the opportunities thatfranchising presents to a business to create a bigger brand name and increased market share. 1. Discuss some of the ethical dilemmas that your business might be faced with.You're the type of person who is always terrified of failure, avoids contentious circumstances, and is afraid of losing your job, putting your ethical beliefs on the line. The circumstances listed below will put your ethical standards to the test. What would you do in these situations? Keep in mind that you must be honest and provide outstanding explanations. Situation 1: Protecting a friend who’s drinking is causing problems in the company Situation 2: take credit to the work done by the others. Situation 3: Company engaging in false marketing.
- i need this with explanation in own words not copy Utilitarian’s theory suggests that ethical action is one which promotes the greatest good for the greatest number of people. Describe different ways of defining what is good for people and explain how these might relate to the practical application of utilitarianism in business scenarios?1. If your company does business with your relative, there is a conflict of interest: A. Only if you personally benefit B. There is no conflict if your boss says it's acceptable for you to benefit C. If the company finds out you are related to the vendor D. None of these 2. When we describe an individual or group of individuals, we are: A. Stereotyping B. Gossiping C. Labeling D. All of these E. None of these 3. The only power that an individual cannot increase themselves is: A. Reward power B. Legitimate power C. Charismatic power D. Information power14. Entrepreneurs who are deeply committed to ethical values operate their businesses in ways that reflecta. the standard practices of the industry.b. their personal interpretations of those values.c. profit motivations above all others.d. their personal religious values.
- In the context of business practitioners, *a. ethics has to do with rules or standards governing the conduct of members of a profession and how standards b. are put into action within an organizationc. ethics has to do with only rules governing interactions with other corporationsd. ethics has to do with government regulations about racial discriminatione. ethics pertain to all the choice here2- The principles of ethics guide us to _______. a. improve the business startup skills b. forecast the employment opportunity c. plan the education d. live a good life by individual and societya) What does stakeholder mean? Who are the stakeholders of a business? b) Just think about the relationship between these concepts: business ethics, sustainability and stakeholders. (While thinking, please do not neglect what sustainability means.)
- (1) select an ethical issue and an organization (2) develop a story/narrative (3) write up the case (providing some organizational or contextual background, describing the decision-making or the issue at hand, and presenting the dilemma or decision-making prompts to the reader)Which critical areas of your organization have policies on ethics and codes of conduct? a) What challenges have been associated with the implementation of these policies? b)Give examples of how some of these challenges have been handled? What conflict of interest situations commonly arise in your work environment as an administrator? How have these been handled and with what success/consequences1. Identify four occupations, other than auto salesperson and travel agent, that you believe are exposed to the risk of disintermediation posed by firms moving activities to the web. Describe what specific activities might be moved to the Web that would cause this risk to appear. For each occupation, explain whether the employees would be able to find jobs in the new business activity and explain what those jobs would be.2. Companies that sell luxury goods such as Channel, Lily, Pulitzer, and Vera Wang were reluctant to offer their products for sale on their web sites for many years. These businesses preferred to use their web sites to display information about their products only and to sell their products through exclusive retail stores. Summarize the reasons these luxury goods producers might have been hesitant to sell online and speculate why they might have changed their thinking.3. Select a retail store which you are familiar that has a Web site on which it sell products or…