Business Essentials
11th Edition
ISBN: 9780134138282
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 2, Problem 2.22C
Summary Introduction
Case summary:
Company DC is taking fair-trade cocoa to the next level. The company returns a share of their profit to the farmers present in their supply chain. The largest shareholder group of Company DC along with fair price receive dividends from the profits obtained through the sale of chocolate.
To explain: If Company DC has an ethical obligation to ask farmers to be organic.
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While Divine Chocolate has embraced the concept of fair trade, their products are not organic. On their website, they argue that purely organic production methods could result in greater instability in production because cocoa is very disease-prone. Do you think that Divine has an ethical obligation to require farmers to become organic? Why or why not?
How would you describe Divine Chocolate’s approach to social responsibility? How do they balance their responsibilities to their stakeholders?
watch Righteous Practice: The Intersection of Business Law and Human Rights (Links to an external site.) CLP Speaker Series - Righteous Practice: The Intersection of Business Law & Human Rights - YouTube
and discuss the following questions:
Do companies have a social responsibility to their communities and stakeholders? To which stakeholders do the companies have responsibilities?
What are your thoughts about situations where business law enables damage through its design?
Essay:
What is the difference on BUSINESS ETHICS and CORPORATE SOCIAL RESPONSIBILITY?
NOTE..please do not just copy on the internet. Share your thoughts about it.
Chapter 2 Solutions
Business Essentials
Ch. 2 - Prob. 2.1QRCh. 2 - Prob. 2.2QRCh. 2 - Prob. 2.3QRCh. 2 - Prob. 2.4QRCh. 2 - Prob. 2.5QRCh. 2 - Prob. 2.6QACh. 2 - Prob. 2.7QACh. 2 - Prob. 2.8QACh. 2 - Prob. 2.9AECh. 2 - Prob. 2.10AE
Ch. 2 - Prob. 2.11ACh. 2 - Prob. 2.12ACh. 2 - Prob. 2.13ACh. 2 - Prob. 2.14ACh. 2 - Prob. 2.15TECh. 2 - Prob. 2.16TECh. 2 - Prob. 2.17TECh. 2 - Prob. 2.18TECh. 2 - Prob. 2.19EECh. 2 - Prob. 2.20EECh. 2 - Prob. 2.21EECh. 2 - Prob. 2.22CCh. 2 - Prob. 2.23CCh. 2 - Prob. 2.24CCh. 2 - Prob. 2.25CCh. 2 - Prob. 2.26CCh. 2 - Prob. 2.27CCh. 2 - Prob. 2.28CCh. 2 - Prob. 2.29CCh. 2 - Prob. 2.30C
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- Explain the major theories of corporate social responsibility and give a recent (2020-22) example of corporate social responsibility IN BUSINESS LAW CONTEXT that falls into one of those theories. Discuss Ethical Fundamentalism, utilitarianism, Kantian ethics, Rawls's social justice theory, ethical relativismarrow_forwardIn your opinion, which area of social responsibility is most important to you? Why? Are there areas other than those noted in this chapter that you consider important as well? Describe those areas and indicate why they are important.arrow_forward1. Is it wise for a government to try to legislate ethics through laws such as theFCPA? 2. Consider the following scenario: A sales representative from a textbookpublisher calls on your professor to try to get him or her to adopt a new textbook.Is it okay for the professor to accept a free lunch from a publisher’s salesrepresentative? If it is okay for a professor to accept a free lunch, what about afree game of golf? What about a free set of golf clubs after the game?arrow_forward
- Discuss how business ethics and social responsibility are related, then apply this discussion to the organization for which you currently work.arrow_forwardThough many MNCs espouse and follow rigid codes of social responsibility in their home countries they are often not as diligent with respect to ‘host’ or overseas countries. In 1984 the Bhopal disaster in Madhya Pradesh, India killed 3,787 and impacted a further 558,125 people. The corporation in question was Union Carbide, a majority USA owned company. Indian courts convicted the Chairman and other senior executives of “…causing death by negligence”. Why do you believe that Union Carbide had a less stringent policy in India with respect to negligence than they did in the USA? What is the way to fix this situation? Explain whether it is legislation or cultural change from MNCs that is requiredarrow_forwardWhat unethical business practices were involved in the Wells Fargo incident? Give examples and demonstrate detailed ethical reasoning using ethical reasoning and relevant factual informationarrow_forward
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