Chapter 1, Problem 11.3EC

Many states have enacted laws that go even further than federal law to protect consumers. These laws vary tremendously from state to state. Generally, is having laws fair to sellers who may be prohibited from engaging in a practice in one state that is legal in another? How might these different laws affect a business? is it fair that residents of one state have more protection than residents in another state?

How can you describe how America's ethical reasoning might disrupt global business?

Controversy tends to surround the topic of whistleblowers. For example, should they be considered heroes or traitors? Many pro-whistleblowing policies have been enacted by the federal government to allow these individuals to reap significant monetary rewards for coming forward and giving information about behaviors and actions such as corporate fraud and unethical deeds. Many corporate whistleblowers face negative consequences of their actions, such as reassignment, revenge, and hate crimes, and are seen as traitors (e.g., Edward Snowden and Gina Gray). Yet Sherron Watkins and Cynthia Cooper were celebrated as heroes. Look up the stories of Sherron Watkins and Cynthia Cooper. Why do you think that some whistleblowers are vilified and others made to be heroes?

Setting up and running an Online business is one of the best ways to avoidproblems associated with pandemics and global trade restrictions. Do you agree or disagree with this statement ? Discuss with the use of current affairs and examples of real  businesses.

Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?

How do not-for-profits differ from governments in the way they account for business-type activities, such as dining halls, gift shops, and admission fees?

How do corporate governance ethics programs help avoid legal problems for corporations?

Which of the following is a remedy for the Agency Problem in the U.S.?   Shareholders have the right to elect the board of directors, which can serve as an effective check if the board remains independent of management.    Shareholders have the right to overrule any managerial decisions.    The U.S. government directly intervenes in company decisions to ensure shareholder interests are protected.   The board of directors should always take management roles in the company.

What are the advantages and disadvantages of special interest groups within the democratic system of government? Should governments allow professional lobbyists to influence government legislation?  Why or why not?