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1. Is the action illegal? 2.Does the action violate company or professional standards? 3. Who is affected, and how, by the action?

1. Is the action illegal? 2.Does the action violate company or professional standards? 3. Who is affected, and how, by the action?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Who Owns My Time? Employers and employees have a unique relationship. The employee agrees to provide the employer with a fair day's work. In return, the employer agrees to provide a fair day's wage. Instructions Use the three-step checklist to determine whether or not the following situations demonstrate ethical behavior. Situation : Eva Torres is a receptionist for Media Technologies. After the company installed voice mail, Eva's workload became lighter, so her supervisor assigned additional responsibilities, including some accounting tasks. Even with these assignments, Eva is not always busy. To fill the time, she plays computer games. 1. Is the action illegal? 2.Does the action violate company or professional standards? 3. Who is affected, and how, by the action? The principles of right and wrong that guide an individual in making decisions are called ethics. The use of personal ethics in making business decisions is called business ethics. In these Business Ethics Activities, you will have the opportunity to analyze the ethics of common business situations by using the following three-step checklist as a guide in collecting relevant information regarding an action. 1. Is the action illegal? Does the action violate any laws? Obeying the law is in your best interest and the best interest of your business. 2. Does the action violate company or professional standards? Public laws often set only minimum standards of behavior. Many businesses and professions set even higher standards of behavior. Thus, an action may be legal, yet still violate standards of the business or profession. Violating these standards may affect your job security or any professional certification you may hold. 3. Who is affected, and how, by the action? If an action is legal and complies with business and professional standards, you must rely on your principles of right and wrong to determine if the action is ethical. Determining how the action affects individuals and groups-including business employees and owners, customers, the local community, and society-will help you decide if an action is ethical.
Transcribed Image Text:Who Owns My Time? Employers and employees have a unique relationship. The employee agrees to provide the employer with a fair day's work. In return, the employer agrees to provide a fair day's wage. Instructions Use the three-step checklist to determine whether or not the following situations demonstrate ethical behavior. Situation : Eva Torres is a receptionist for Media Technologies. After the company installed voice mail, Eva's workload became lighter, so her supervisor assigned additional responsibilities, including some accounting tasks. Even with these assignments, Eva is not always busy. To fill the time, she plays computer games. 1. Is the action illegal? 2.Does the action violate company or professional standards? 3. Who is affected, and how, by the action? The principles of right and wrong that guide an individual in making decisions are called ethics. The use of personal ethics in making business decisions is called business ethics. In these Business Ethics Activities, you will have the opportunity to analyze the ethics of common business situations by using the following three-step checklist as a guide in collecting relevant information regarding an action. 1. Is the action illegal? Does the action violate any laws? Obeying the law is in your best interest and the best interest of your business. 2. Does the action violate company or professional standards? Public laws often set only minimum standards of behavior. Many businesses and professions set even higher standards of behavior. Thus, an action may be legal, yet still violate standards of the business or profession. Violating these standards may affect your job security or any professional certification you may hold. 3. Who is affected, and how, by the action? If an action is legal and complies with business and professional standards, you must rely on your principles of right and wrong to determine if the action is ethical. Determining how the action affects individuals and groups-including business employees and owners, customers, the local community, and society-will help you decide if an action is ethical.
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