Chapter 1, Problem 8.2EC

The Department of Education called the attention of LBC (Luzon Brokerage Movement) management for showing a commercial that encouraged wrong spelling among children. In a spelling bee contest, the emcee played by Edu Manzano called the contestants to spell remittance, affordable, and instant. They spelled out "LBC" instead. DepEd said that the commercial was encouraging wrong spelling of words.    What is the social responsibility of entrepreneurs or advertisers to customers based on the example given above?

George Castilla willingly paid $499 for an Android phone on the day it hit the market, even though it was far more expensive than the cell phones he had bought in the past. He wasn't concerned about the price as he wanted to be one of the first on campus to have this product. Consumers like George are the target of firms using skimming pricing strategies. a) True () b) False

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?

Look up the term corrupt in the dictionary. What is its definition? Was corrupt appropriately applied to the actions of Arthur Andersen?

Most people, economists included, consider child labor to be morally unacceptable and would support aggressive efforts to eliminate such practices-including shutting out imported products made with such labor. Which of the following is true? Select the correct answer below: child workers will have to go back to school and improve their skills eliminating such practices may not be a good solution as workers may have even less attractive alternative jobs, perhaps scavenging garbage or prostitution O such practices will make it possible for children to not be exploited O governments will have to step up their financial aid to needy families so children will not have to work

There is a link between organisational ethics and the business model. In this case study the author argues that “One of the biggest ironies about the business models of Google and Facebook is that while they talk of "democratising information" their monopoly over digital advertising has taken revenue from genuine news organisations, causing thousands to close.” Explain in detail what is meant by "democratising information". In your explanation demonstrate why the author argues against this "democratising information" by Google and Facebook as the “biggest irony”.

According to one survey, 92 percent of U.S. companies now claim that social media marketing is important for their businesses. Fashion designer Kenneth Cole took advantage of the trend in 2011 by posting the following tweet: “Millions are in uproar in #Cairo. Rumor is they heard our new spring collection is now available online at http://bit.ly/KCairo -KC.” Kenneth Cole was criticized on social media for capitalizing on the strife of the Egyptian revolution to promote his website. The offensive tweet was deleted, and Cole apologized by tweeting: “Re Egypt tweet: we weren’t intending to make light of a serious situation. We understand the sensitivity of this historic moment -KC.” Most marketers would not make the same mistake twice. However, in September 2013, as the United States deliberated military action in Syria, Cole tweeted the following: “‘Boots on the ground’ or not, let’s not forget about sandals, pumps and loafers. #Footwear.” To justify this action, Cole told Details…

Defamation is one of the most critical problems that most organization is facing. Suppose you are running a software house. You are new in the market and have too much competitors. What kind of challenges do you have in term of? Security Threats Defamation What measures you will take to overcome them?

Tony is a MIB. Which of the following would not be a discreditable act that he should definitely avoidperforming? Group of answer choices a. Harassing a gay subordinate. b. Not paying his own taxes. c. Joining a political party. d. Carelessly preparing financial records.