Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 6.3, Problem 1MED
Summary Introduction
To select: The most ethical choice that whether to stay in the company or start own business.
Introduction:
A set of personal and business behavioral standards, values and guidelines established by professional organizations for guiding their personnel for sound and consistent ethical functioning is termed as ethics.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Bonnie Brewer and Stacy Kim were college roommates. While at school, they shared dreams of opening their own business. To prepare themselves, they took business and marketing courses, along with courses in management. When they graduated, they each found jobs in Seattle, near where they’d gone to school.
Several years later, after working at other companies to gain experience, the two women decided to take the plunge together and made a plan to open a small café where they and their customers could indulge their love of good coffee and fine chocolate. They looked at two locations for their café: one near Pike Place Market, which gets a lot of foot traffic from shoppers and businesspeople, and one near the university, where shops and restaurants are patronized by students, faculty, staff, and local residents. They chose the university location because they thought they knew and understood those customers well. The doors to Custom Coffee & Chocolate opened several months later, with…
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?
Decide what is the most ethical way for the company to proceed:
Here are some questions to get you thinking about it: Why is your decision the most ethical way for the company? For whom in the company is it most ethical? How do you know it is the most ethical?
Discuss your answer in your best writing, within 150-250 words.
A company runs a large technical support office. At any time, about 50 technical
support specialists are on duty, answering phone calls from customers. The
company is considering paying the technical support specialists based on two
criteria: the average number of phone calls they answer per hour and the results of
occasional customer satisfaction surveys.
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Reflect back over the reading related to business ethics and the other class activities. As a business communicator, you may face various ethical dilemmas in your career. Many factors can determine your choice of action to take. For this activity, consider the following workplace ethical issue: After much discussion and even conflict, your workplace team has finally agreed on Plan X, but you are firmly convinced that Plan Y is a much better option. Your team is presenting Plan X to the Whole department, and company executives are present. A vice president asks you for your opinion. Submit the following: Explain what you would do in the above circumstance. Now consider that you have very close friends on the team and you do not want to lose their friendship. Explain how that would or would not change your handling of the dilemma. For each prompt/question, provide a minimum of one fully developed paragraph (4-5 sentences minimum) that shows critical thinking and problem solving…arrow_forwardgiven that people rarely use a company’s code of ethics to guide their decision making, what good are the codes?arrow_forward2.You have been asked by the CEO of your software organization to hire and manage a small group of software developers in an attempt to reverse engineer the latest release of the software by your leading competitor. The goal of the group will be to identify features that could be implemented into the next few releases of your firm's software. Would you consider hiring software developers from your competitors to start this group? Why or why not? What sort of legal and/or ethical questions might be raised by this reverse engineering effort?arrow_forward
- Explain the major ethical theories discussed in class that business people can use to guide their decisions. Which theory do you feel is best in the modern business world? Explain your opinion.arrow_forwardDescribe an example of how you've successfully resolved a business dispute. What alternatives could you have considered? Would you do anything differently the next time around?arrow_forwardYou are applying to a prestigious organization for an important, highly visible position. The application requires you to describe an ethical dilemma in your history and how you handled it. Describe the dilemma and your ethical position. Be sure to fully explain the entire situation. Also discuss how your personal ethical values influenced your decisions and behavior in this matter. (Note those instances where you might find that there was some difference between these aspirational/espoused values and your actual behavior).arrow_forward
- 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?arrow_forwardHow would your attitudes, beliefs, and values affect your success in a business organization?arrow_forwardDecisions taken within an organization may be made by individuals or groups, but whoever makes them will be influenced by many aspects of the company. The decision to behaveethically is a moral one; staff must decide what they think is the right course of action. Define ethics and explain why there are disagreements and dilemmas about what proper ethical behavior really is. Why is right or wrong behavior not clearly identifiable in an organization? Rationalize your answers in detail, with organizational examples.arrow_forward
- What skills do you need as a social entrepreneur, to support the sustainability of your venture? How can we build these skills?arrow_forwardestablishing a strong organizational and ethical culture is an important part of every start-up business. Discuss specific steps that can be taken in an entrepreneurial venture for the purpose of building a strong ethical culture. Why in your opinion, is important for an entrepreneur to build a strong ethical culture for his/her firm?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_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON