Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Chapter 4, Problem 2CT
Summary Introduction
To think critically about: Whether it would be simpler if Person X had asked the three questions himself that are listed in the chapter, and is the choice different from the previous one.
Introduction:
Plagiarism is the practice of copying someone else’s ideas and information from a location and representing it as an original data.
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Respond the the following in 100 words?
Part 1: This list seems to include all the good ethical policies that companies should follow to make moral decisions. While I cannot think of any philosophical takes that would add to the list it is essential to learn and understand these philosophies here in the MBA program as understanding these moral questions means we will be more aware when we are out working in our careers and can have enough skill to make the right ethical decision by growing our "moral muscle" (Brokerhof et al., 2023). Additionally, while the business ethics movement from the 80s had people not engaging in the movement the newest generations are being taught about ethics and this generation will show those that were unwilling to change their ways that making ethical decisions is the best thing they can do for their company (De George, 2006).
Part 2: I think this is important as most companies intend to make their money in legit and ethical ways, but some people want to…
Making a moral argument entails providing reasons for the position you take. The reasons must include facts, a clarification of any concepts used in the argument, and a standard that you are appealing to in order to come to your conclusion. Read the following case and develop a moral argument for your position.
In 1992, Cheryl Hopwood, a white student from a poor family, applied to the University of Texas Law School. She was turned down even though she had better grades and LSAT scores than many of the minority students who were admitted (1).
Is it fair for minorities from middle-class families to be given preferential treatment over whites from economically disadvantaged families
You find a valuable piece of jewelry while shopping at a retail store. Instead of turning it in to lost and found, you put it in your pocket under the principle that“Everyone else would take it, too.” Which ethical principle does this illustrate?
a. Libertarian
b. Generalization
c. Universal
d. Religious
Chapter 4 Solutions
Understanding Business
Ch. 4.2 - Prob. 4.2AQCh. 4.2 - Prob. 1MEDCh. 4.2 - Prob. 1TPCh. 4.2 - Prob. 2TPCh. 4.2 - Prob. 3TPCh. 4.4 - Prob. 4.4AQCh. 4.4 - Prob. 4TPCh. 4.4 - Prob. 5TPCh. 4.5 - Prob. 4.5AQCh. 4.5 - Prob. 4.5BQ
Ch. 4.5 - Prob. 4.5CQCh. 4.5 - Prob. 6TPCh. 4.5 - Prob. 7TPCh. 4.6 - Prob. 4.6AQCh. 4.6 - Prob. 8TPCh. 4.6 - Prob. 9TPCh. 4 - Prob. 1CECh. 4 - Prob. 2CECh. 4 - Prob. 3CECh. 4 - Prob. 4CECh. 4 - Prob. 5CECh. 4 - Prob. 1CTCh. 4 - Prob. 2CTCh. 4 - Prob. 1DCSCh. 4 - Prob. 2DCSCh. 4 - Prob. 3DCSCh. 4 - Prob. 4DCSCh. 4 - Prob. 5DCSCh. 4 - Prob. 1PPTCh. 4 - Prob. 2PPTCh. 4 - Prob. 3PPTCh. 4 - Prob. 4PPTCh. 4 - Prob. 1VCCh. 4 - Prob. 2VCCh. 4 - Prob. 3VC
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Similar questions
- 1. Why should you be concerned whether your action is ethical or not?2. What are the possible consequences of an immoral or unethical action of a Registered Professional (example, Doctor, Nurse, Engineer, Teacher)3. What are the factors that causes people to have a difficulty in making an Ethical Choice?arrow_forwardDescribe some virtues of the ethical codes of conduct adopted by professional societies such as the ACM and IEEE-CS, and list some shortcomings of these professional codes as well. In the final analysis, do the advantages of having a code outweigh the prospects of not having one? Use either an actual or a hypothetical case to establish the main points in your answer. Once you have assessed the individual strengths and weaknesses of professional codes, determine whether the overall benefits of having professional codes outweighs the disadvantages of not having them. Apply your conclusion to the following case: SCENARIO: Shutting Down the Original Napster Web Site Napster, a very popular site for sharing music online in the late 1990s, was founded by Shawn Fanning while he was a student at North Eastern University. Napster’s users were able to exchange copyrighted music files, in MP3 format, with one another. In December 1999, the Recording Industry Association of America (RIAA) sued the…arrow_forwardwhy does Friedman think this is actually a good (moral) thing, whereas Bakan thinks it is a serious problem leading to immoral corporate activity?arrow_forward
- according to an ethics expert ,''we judge ourselves by our best intentionsand most noble acts,but we're judged by others by our last worst act.''Does it mean that in ethics there is an inherent double standard? can you think of two situations wherea person responding to an ethical dilema and interested observers had different evaluations of these persons actions?arrow_forwardCEOs are often tasked with selecting the most efficient level of ethical standards for the businesses they oversee." According to the unit, what considerations must CEOs make when determining the most efficient level of ethical standards for their businesses. Carefully review the model of ethical choice which includes Business Ethics as an investment, Diminishing Returns, Time Horizons and Accountability.arrow_forwardHow do companies decide which capital investments they will make in corporate social responsibility? Please respond to these two parts with a full paragraph for each part (150 words per paragraph) and respond to 2 or more of your classmates with full paragraph responses.arrow_forward
- Moral responsibility according to Hosmer is: A. Using the Ford Pinto case as the basis for making decisions B. Understanding whether people are being harmed or hurt by a company’s actions C. Understanding what Martha Stewart would do in a similar situation D. Being willing to go to jail when caught doing something illegal E. Apologizing for injuring othersarrow_forwardDo you think using a Stakeholder Management Approach to business ethics is the best approach? Why do you think so?(250WORDS)arrow_forward8. Which of the following statement is CORRECT on Philosophical Approaches to Ethics? A. Utilitarian approach advocates that the moral worth of actions or practices is determined by their consequences. B. Rights theories is based on Immanuel Kant saying that people should be treated as ends and never purely as means to the ends of others. C. Kantian ethics recognizes that human beings have fundamental rights and privileges that transcend national boundaries and culture. D. Justice theories reveals that the only social responsibility of business is to increase profits so long as the company stays within the rules of the law.arrow_forward
- Please read the case and answer the questions at the end. Please respond to two of your peers. Do you agree or disagree? Collegiate Promotions distributes products that are marketed to students and alumni of major universities. High-selling products include coffee mugs and T-shirts that bear collegiate logos. In order to distribute its products, Collegiate Promotions has adopted an independent sales representative model. The sales representatives work for themselves and are not actual employees of Collegiate. They have independent contractor status. Becoming an independent sales representative is easy. An interested person pays a $300 fee to obtain catalogs and other literature needed to advertise and sell the line of products. The sales representative then begins to write orders for products. A sales representative can sell to anyone through any channel. This means that there are no protected territories, so several sales representatives are often working in the same geographic…arrow_forwardEthical codes are foundational frameworks that guide individuals or groups in making moral decisions and conducting themselves in a manner that aligns with values such as honesty, integrity, fairness, and respect for others. These codes serve as compasses in navigating complex situations where ethical dilemmas may arise, providing a set of principles to uphold in both personal and professional contexts. They often encompass a wide range of considerations, including responsibilities to clients or customers, colleagues, the organization, and society at large. For instance, in professions such as medicine or law, ethical codes outline obligations to prioritize the well-being of patients or clients, maintain confidentiality, and avoid conflicts of interest. In business, ethical codes may emphasize transparency, environmental sustainability, and adherence to laws and regulations. However, ethical codes are not static; they evolve over time to reflect changing societal norms, advancements in…arrow_forwardCEOs are often tasked with selecting the most efficient level of ethical standards for the businesses they oversee." According to the unit, what considerations must CEOs make when determining the most efficient level of ethical standards for their businesses. Carefully review the model of ethical choice which includes psychology, Economics, Business Ethics and Philosophy.arrow_forward
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