It is! With ethical questions in business, you can weighdifferent factors and consider:How the decision might affect the common good of society at large and thegreatest moral virtues: prudence, temperance, courage, and justice.How the decision might affect our stakeholders and profitability; whetherthe decision is consistent with our company's values; and how the publicwould react if they found out about our decision.

The study and application of moral principles and values in the context of corporate decision-making…

Answered: It is! With ethical questions in…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…
What 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?
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…
What are the legal and ethical considerations in business decision-making, including issues related to corporate social responsibility, environmental sustainability, and fair labor practices?
Explain the role of viability when making ethical decisions.
An investigative journalist from the BBC has claimed that a major clothing brand uses factories in Indonesia which pollute nearby rivers, damaging the health of local people who use the rivers for bathing and washing. The factories provide much-needed employment in the local area. Determine the different groups of stakeholders involved in this issue. As CEO of the clothing brand, how would you balance the interests of these different groups of stakeholders?
2. Various ethical decision-making models have been developed to assist in sound ethical decision making. Ethical decision making involves consideration of the three aspects of moral theory namely fundamental principles and rules or rights and duties; means, methods and the role of the agent; and ends or consequences. Required:Discuss two (2) of the three aspects of moral theory identified.
Decribe perspective on an ethical decision as it pertains to the conduct of individuals, firms, nonprofit organizations, and government entities, including why and how you either made or supported/opposed that decision.
Please help!Discuss the application of the following ethical theories/principles to public health. Provide recent examples within the field of public health which are consistent or inconsistent with these principles:UtilitarianismDistributive JusticePaternalismSelgelid (2009) wrote: â€œWhile public health ethicists often claim that the least restrictive alternative should be used to achieve the public health goal in question, I argue that a plausible but under-recognized idea is that the least restrictive alternative might sometimes involve improvement of global health via redistributive taxationâ€”i.e., rather than coercive social distancing measures.â€ What did he mean by this? Provide arguments for and against his positionAssignment ExpectationsLength: Case assignments should be between 3 to 4 pages (750-1000 words) in length.References: At least two references must be included from academic sources (e.g. peer-reviewed journal articles)
Is selling tobacco to end consumers or to businesses ethical? Why or why not? When faced with an ethical dilemma involving a million-rupee opportunity to start a tobacco business, discuss the tests you would use to arrive at the correct decision. Which of these tests of ethical decision- making during a dilemma do current tobacco businesses meet?
Describe the three criteria for making ethical decisions and explain how these criteria differ.
What are the major ethical considerations that businesses must address in their decision- making processes?

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