Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4CE
Summary Introduction
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Fundraising manager are those who manage the fundraising activity of an organization.
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Starting up and managing a business requires one to act responsibly and ethically at all times. It is also imperative that one carefully considers the management team and the opportunities that franchising presents to a business to create a bigger brand name and increased market share. In this task, you will discuss some aspects of franchising and develop a brief code of conduct for your business.
Discuss some of the ethical dilemmas that your business might be faced with.
3. Steps of Stakeholder engagement and explain each one of them.
4. How to develop CSR commitments and enumerate the general steps of CSR commitments
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?
If business ethics is understood under the concept of universal values then most of the
conflict among ethical values, the laws of state and the codes of the corporate world
could be eliminated. Any individual, professional, corporation or small & medium
business can make one or more of these universal values the focal point of their
business; be it trust, integrity, fairness, compassion etc and the rest of the values will
follow. Identify which two universal values influence you OR your
organization/business and discuss how this influence & focus has led to ethical decision
making and a better reputation for you OR your organization (Write about any ONE -
yourself or your organization).
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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- The three ethical theories are Ethical theory, deontological ethics, and Utilitarianism. For this discussion, identify two business practices that contradict each of the three ethical theories. Analyze and justify why do you think the practice you are providing as an example contradicts that specific theory. Please provide an accurate answer.arrow_forwardWhy is there a special need for ethical behavior by professionals? Whydo the ethical requirements of the CPA profession differ from those of other professions?arrow_forwardYou 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. Religiousarrow_forward
- In what ways has shareholder primacy undermined business ethics? Address this question by critically drawing upon the discussion concerning the influences and challenges of shareholder primacy to business ethics. Also, briefly outline the alternative approaches for corporations to undertake that would encourage more ethically responsible business practice, especially during the current challenging economic environment. The discussion should be supported by using relevant theories or frameworks and real business examples.arrow_forwardSummarize (use no more than 25 words) Summarize why your top four Ethical Topics are beneficial to a career, employer and society. Identify why ethics are beneficial. Below are 4 topic 1-Morality 2-Confidentiality 3-Right of Engineer 4-Gun Controlarrow_forward2. Tell something about CSR strategy and how to develop it? 3. Steps of Stakeholder engagement and explain each one of them. 4. How to develop CSR commitments and enumerate the general steps of CSR commitments 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?arrow_forward
- If you were faced with an ethical dilemma, from whom would you seek advice? Describe some decisions that might be good for an organization’s profitability in the short-term, butbad for the organization in the long-term. What factors would you take into consideration if you were thinking about leaving your job ratherthan do something unethical?arrow_forwardUtilitarian’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?arrow_forwardIs socially responsible business good business? discuss when or in which contexts institutions or organizations promote the most good for the greatest number and demonstrate to be socially responsible. Come up with examples and cite the sources you use. Define and explain the terms you use; for example, define and explain what corporate social responsibility is, what the Triple Bottom Line stands for.arrow_forward
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