Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Ethical values are situation specific and time oriented. True or false?
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- What are the underlying values that inform each side of the debate in today's debate (e.g., values like wealth maximization and corporate social responsibility)? Can these sides be reconciled and, if so, what must happen to bring them together? Does virtue have a role to play here; if so, how?arrow_forwardWhat would be the relevant factors that should be considered when making ethical decisions in business for the company?arrow_forwardVirtue Ethics do you agree with as a basis for ethical action and why?arrow_forward
- What role does ethical decision-making play in shaping business policies?arrow_forwardWhat purposes does an ethical framework serve? How does culture influence the creation of an ethical framework?.arrow_forwardWhat are the most important ethical considerations that managers must take into account when making business decisions, and how can they balance competing priorities and obligations to ensure that their actions align with their values?arrow_forward
- Maxwell says that he believed that some companies have given up on what is ethical and are instead focused on what?arrow_forwardEthical objectives are targets based on a moral code for the business, for example ‘doing the right thing’. The growing acceptance of corporate social responsibility has led to businesses adopting an ‘ethical code’ to influence the way in which decisions are taken. Adopting and keeping to a strict ethical code in decision-making can be expensive in the short term. Discuss the possible substantial benefits of acting ethically in the long term.arrow_forwardProvide an example of a company you consider to be highly ethical and socially responsible. What is the basis for your answer?arrow_forward
- Summarize (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_forwardDiscuss both a utilitarian and kantian perspective in the context of business ethics abd with supporting detailsarrow_forwardDiscuss the ethical challenge of working and ethical responsibilities in Organization, explain: The type of ethical challenge: Unrealistic and Conflicting Goals Why do 'Unrealistic and Conflicting Goals' become unethical What are your suggestions to resolve this ethical challengearrow_forward
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