Business Essentials
11th Edition
ISBN: 9780134138282
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 2, Problem 2.24C
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 Person X pays attention to fair-trade products in their own
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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.
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?
We studied theories that describe corporate social responsibility from an ethical perspective. In the previous lecture, we discussed how theorists attempt to discuss the concept of social responsibility and how businesses should approach it from the normative perspective. For this discussion, take a look into the Alokozay Group of Companies in Afghanistan. AGC has one of the biggest businesses in the country in terms of assets, distribution of goods, revenues, and creating a job market. See how AGC has approached its corporate social responsibility in the country. As a starter, you can explore around its website; https://www.alokozay.com//
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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- If you were faced with an ethical dilemma, from whom would you seek advice?arrow_forwardHi tutor! Please help me with my assignment in ethics. Thank you! Do you think the “equal opportunity principle” and the “difference principle” of Rawls’ theory of justice are seen/applied in our country’s taxation system? If NO, why? If YES, in what sense?arrow_forwardwatch 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?arrow_forward
- Reflect and review how Normative Theories of Ethics can be a learning experience with surprises and how it can be applied in your current or future career.arrow_forwardAffirmative action is a policy that can be helpful in some situations, but harmful in others if used inappropriately. Can you give an example where it could help versus hurt?arrow_forwardplease read and answer questions: What did you think about while participating in the journal on Ethics as it pertains to your current workforce or personal experience? What attitudes have you gained from participating in the journal on Ethics? What did you know before and what did you learn in the journal on Ethics? Why is Ethics important and how does it impact the workforce and/or community as a whole? What did you learn in the journal that you won't forget tomorrow on Ethics?arrow_forward
- What is a company’s responsibility for its impact on the climate? For example, if operations in one country contribute to rising global temperatures that lead to greater floods in another country, how should the company respond? When a company operates in countries with lower cost, what are its obligations, if any, to the workers in those countries? What standards should it meet for pay rates? You have a job that you enjoy, and you work 40 to 45 hours per week. How much off-the-job volunteer work would you do? What kinds of volunteer work? How would you react if your boss made it clear he or she wants you to cut back on the outside activities and devote more hours to your job? What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? Give your opinions, specifically, with respect to the text examples. What is the current status of the Sarbanes-Oxley Act? What do executives think of it now? What impact has it had?arrow_forwardTHE RIGHT TO CHOOSE?! After months of struggling to stay afloat during the pandemic and as people are returning to work in person, companies are grappling with the new challenge of whether to require workers to get vaccinated. Some companies, faced with the prospect of liability issues and out of concern for health and safety, decided to attempt to force their employees to get vaccinated if they want to continue working or return to the office. Some experts are calling on employers to make it mandatory.(a) Is it unethical for private businesses to refuse to continue to employ or serve unvaccinated individuals? Why?(b) Is it Illegal? Is whether an action is legal or illegal a determining factor for whether certain actions are ethical?arrow_forwardT F The field of business ethics applies moral standards to business situations.arrow_forward
- 1. Why are the studies of theories important in Business ethics? - highlight the relevant theories to support your arguments.arrow_forwardMost of the ethical prescriptions of normative moral philosophy tend to fall into one of the following three categories: deontology, consequentialism, and virtue ethics. These categories in turn put an emphasis on different normative standards for judging what constitutes right and wrong actions. Moral psychologists and behavioral economists such as Jonathan Haidt and Dan Ariely take a different approach: focusing not on some normative ethical framework for moral judgment, but rather on the psychological foundations of moral intuition and on the limitations that our human frailty places on real-world honesty, decency, and ethical commitments. In this context, write on what you see as the most important differences between the traditional normative philosophical approaches and the more recent empirical approach of moral psychology when it comes to ethics. As part of your answer also make sure that you discuss the implications of these differences.arrow_forward
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