Instructions It is essential to consider the implications of ethical dilemmas that are inevitable in the business world. It can be challenging to know what to do when an ethical problem occurs. Using what you learned about making ethical decisions based on assigned readings, it is important to consider how you would incorporate ethical considerations into your decision-making.  Read the following scenario.  A visiting American executive finds that a foreign subsidiary in a less developed country has hired a 12-year-old girl to work on a factory floor, in violation of the company's prohibition on child labor. He tells the local manager to replace the child and tell her to go back to school. The local manager tells the American executive that the child is an orphan with no other means of support, and she will probably become a street child if she is denied work.  Research articles related to child labor and use them as references in your responses to the following questions:  What should the American Executive do?  2. Is it the American Corporation's ethical responsibility to handle the situation in a manner that benefits the young girl? Why or why not? Please explain.

What are the four characteristics of effective codes of ethics? Is anyone characteristic critical for the effectiveness of the code?

Which of the following step considers as the third step in the ethical decision-making process? Name the affected stakeholders Identify the consequences Check your gut Consider your character

Business ethics is a vital aspect of corporate governance, encompassing principles and values that guide organizations in making morally sound decisions. It involves considering the impact of business activities on various stakeholders, including customers, employees, shareholders, and the broader community. Ethical business practices go beyond mere compliance with laws and regulations; they reflect a commitment to honesty, integrity, transparency, and fairness. Companies with strong ethical foundations often enjoy long-term success, as they build trust and credibility among stakeholders. Additionally, ethical behavior fosters a positive corporate culture and contributes to sustainable business practices. In today's dynamic and interconnected global business environment, the importance of business ethics cannot be overstated.   Question: How can businesses effectively integrate ethical considerations into their decision-making processes, ensuring that ethical values are not just stated…

Maxwell says that he believed that some companies have given up on what is ethical and are instead focused on what?

Ethical 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.

How do you think the problem of moral hazard might have affected the safety of sports such as football and boxing when safety regulations started requiring that players wear more padding? Explain with examples.

Religion is a private matter that does not belong in the workplace.” Do you agree or disagree with this statement? Why or why not?  What role does religion play in your life? Do you feel that the society in which you live is becoming more or less religious? Is this good or bad? Does it matter? Are you interested in a career in finance? Would you have any religious or moral concerns about working in the finance industry? Are there any jobs or industries that you would avoid based on your religious or moral values? What is your reaction to the accusation that the Islamic finance industry is generating “interest-bearing loan[s] in all but name”? Do you agree that Islamic financial products are sharia-compliant

Ethical codes serve as the moral compass guiding individuals and organizations in navigating the complexities of ethical decision-making. These codes are rooted in fundamental principles such as integrity, honesty, fairness, and respect for others. They provide a framework for behavior and decision-making, ensuring that actions align with ethical values and principles. In professional settings, ethical codes outline the responsibilities and obligations of individuals towards clients. colleagues, employers, and society at large. For example, in healthcare, etifical codes dictate the duty of healthcare professionals to prioritize patient well-being, maintain confidentiality, and uphold the highest standards of care. Similarly, in business, ethical codes emphasize integrity in dealings with clients, suppliers, and competitors, as well as social responsibility and environmental sustainability. Ethical codes are not merely abstract guidelines; they are practical tools that help individuals…

Write about a time when you had to make a decision about a Moral Dilemma.