Ethics Chapter 1
An Ethical Dilemma – Questions/Exercises
1. What is/are John’s ethical issues?
I do not know the exact definition of ethical but I believe it to be related to our behavior and the decisions we make and if they are considered right or wrong by society. I am sure there are times when a situation may be perfectly legal but we may not think it is okay. Keeping this in mind, John’s ethical issues include thoroughly researching IPOs and using this information to his advantage, pocketing profits from the shorting process, disregarding the non-compete clause and allowing mailings to be sent to his clients prior to resigning, indirectly letting his clients know he was personally paying for their expenses instead of
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I think the potential ethical issues are giving the client season tickets and a vacation in return for purchasing additional inventory, taking the best accounts to Vegas for a thank you party with all expenses paid including adult entertainment and keeping it quiet.
2. What should Acme do if there is a desire to make ethics part of its core organizational values?
Acme needs to communicate core values to their employees. Ethics programs need be created and overseen by appointed ethics officers. The ethical component relates to the values, beliefs and established and enforced patterns of conduct that employees use to identify and respond to ethical issues.
3. Identify the ethical issues of which Frank needs to be aware.
He should be concerned about the fact he agreed to give the client season tickets and a vacation in return for an increase inventory which resulted in a personal bonus for Frank and achievement recognition. Amber offered the thank you trip but Frank would be telling the client adult entertainment is okay per Amber and it would not get out. Each time he goes to this client with a recommendation to increase inventory, the client is going to expect to get something in return. If other clients find out about this, they may expect the same treatment or they may take their business elsewhere.
4. Discuss the advantages and disadvantages of each decision that Frank could make.
1. Should he pay the “commission” and, if so, to whom? Explain your reasoning. If he pays, how should he handle the situation with the sales manager and the vice president of sales? In your answer, include a discussion of the arguments in favor of paying and the arguments in favor of not paying.
All business must be conducted in the best interest of Given Company. Employees are not allowed to accept unsolicited gifts, favors, discounts, entertainment, and/or kickbacks, from any person or institution conducting business (active or future) with Given Company. All business activity must fall within the scope of routine business. Any activity that is for personal gain, personal motive, or would impair an employee’s judgment is strictly prohibited. Employees are expected to report any and all gifts, favors, discount, and/or entertainment as per company policy and regular business reporting practices set forth by the company.
Ethical Issues prevail in every condition no matter how official or personal it is. Some of the ethical problems that may involve in this situation are fraudulent in financial accounting, misappropriation of assets and a tremendous amount of
What principles would you need to be aware of when dealing with the ethical dilemmas in this case study?
This case study review will show that ethics and honesty are more important than pleasing the customer.
List the specific ethical principles from the NASW Code of Ethics and identify those legal duties that you believe apply to the case.
2) What does it mean for an organization to be ethical in its communication and practices?
The ethical dilemma Bob faces in this case is a transaction that makes Bob question his and the company’s ethics and legal obligations. It’s February, business was slow, the company was $5,000 below their breakeven point, and it appeared as if a
Directions: Complete the tasks below. Replace the highlighted text with your own answers. Copy and paste your answers to the student comments box in 1.07 and submit for grading.
Nurses are faced with ethical dilemmas every day. There are a lot of different beliefs surrounding ethics and the code of ethics. Ethics and ethical issues have always existed, that is why they have put in place the code of ethics. The American Nursing Association (ANA) Code of Ethics isa guideline to help nurses determine which course of action to pursue. Every minute many ethical decisions are made, some may not comply with guidelines and others the patient’s will never understand. In this case study the nurse is put in an uncomfortable position and has two find a way to comply with the family, the patient, and the doctor’s orders.How can she report to the doctor the information the daughter has told her? How she approached
An ethical dilemma is an incident that causes us to question how we should react based on our beliefs. A decision needs to be made between right and wrong. I have experienced many ethical dilemmas in my lifetime, so I know that there is no such thing as an ethical dilemma that only affects one person. I also know that some ethical dilemmas are easier to resolve than others are. The easy ones are the ones in which we can make decisions on the spot. For example, if a cashier gives me too much change, I can immediately make a decision to either return the money or keep it. Based on Kant’s, categorical imperative there are two criteria for determining moral right and wrong. First, there is universalizability, which states, “the person’s
How do ethical values shape behavior in organizations? According to Saleem (2014), ethical values and behaviors of an organization are made up of organizations institutionalized philosophies along with the moral ideologies of its members. In addition, the codes of ethics help to enhance the moral reasoning of employees while shaping their behaviors towards morally questioning unethical situations. Organizational leaders are encouraged to build cultures of trust with leadership who establish concerning goals employees pursue y setting examples for others to follow (Crosbie, 2008). The leaders whom are able to build training and development throughout their organization helps design and build relationships characterized by collaborative behaviors those results in mutually beneficial outcomes (Crosbie, 2008).
The word “ethics” comes from Greek ethikas meaning character. Today, we use ethics to describe the normative standard of behavior. The history of philosophical ethics has been broken up into five rational methods: Virtue, Traditional, Modern, and Post-Modern Ethics. Within these periods, the philosophy of ethics changed along with the changes being made within society.
Ethics ensure that a company achieves its mission, vision, goals, and objectives in such a manner that they give a company a sense of direction and framework. Ethics ensure guidelines are creating that bind the entire organization into one common thread, govern the action of the organizational employees, and avoid deviation from the desired strategic path. Five ways a company can ensure ethics is including in their strategic planning are
Everyday we are tested as individuals to make the right choice. How we view ourselves as individuals and how others view us are directly correlated to our moral decision-making. But morals are somewhat misleading. What might be a wrong decision for one person might be a solution to another. So how do we define morals? Do we follow Gods’ moral rules because to do so would increase out likelihood of obtaining salvation in the afterlife? Or is it simpler than that. Is God going to deny our entrance into heaven because we have run a stop sign here and there? No. I believe our moral values are much simpler than that. I believe that our moral decision-making comes from our upbringing of what is right or wrong. Our parents and