Exercise 2.2.1Modified True/FalseDirections: Identify the following statement as True/False and write your answer on the spaceprovided before each item. If your answer is false, support it by writing the correct statement onthe space provided. (Each item is worth 2 points)1. Voluntary practices include documented best practices.2. The primary method for resolving business ethics disputes is through the criminalcourt system.3. Laws and regulations are established by governments to set maximum standardsfor responsible behavior.4. Mandated boundaries are management-initiated boundaries of conduct whichinclude the beliefs, values, and voluntary contractual obligations of a business.5. Strategic philanthropy represents a new direction in corporate giving thatmaximizes the benefit to societal or community needs and relates to businessobjectives.Exercise 2.2.2Directions: Identify what specific ethical issue is demonstrated in the following business ororganizational situation. (Each item is worth 2 points)1. Anabel is a young woman worker who works for Loyola's Trading. She is single and goodlooking. One time, while she was talking to Rodel, the manager for important businesstransaction, Rodel without any malice tightly holds her hands for some time. Anabel feltuncomfortable of the behaviour of the manager.2. Anna Woodruff is the purchasing manager for Allied Transport. One of Allied transportsuppliers has just had a Schwinn bicycle delivered to Anna as a gift.3. Ana is the head of the accounting unit and her office is provided with office supplies for theoperation of the unit. However, she brought home some of the office supplies for family use.4. Your co-worker is copying company-purchased software and taking it home without theknowledge of the management.5. Jose Cruz is an assistant superintendent in the Maple Leaf school district. Mr. Cruz's job is toaward contracts for all facilities management. Mr. Cruz awarded an asbestos removalcontractto his brother's firm.21 Share Your ThoughtsDirections: Answer the following questions briefly using the attached rubrics.1. Distinguish between voluntary and mandated boundaries of ethical conduct by citing aparticular situation in any business type of organization.2. What are the elements of an ethical culture? Briefly discuss how these elements contribute tothe development of ethical culture in an organzaition.3. Explain why should business organization comply the specific mandated requirements inareas related to competition, consumers, and safety.

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. A product line is a group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same outlets, or fall within a given price range. A product mix consists of all the product lines offered by an organization.Please, give an example of a product line and an example of a product mix. (1 paragraph)2. A brand personality is a set of human characteristics associated with a brand name that successful and established brands take on. Give an example of a brand you are familiar with and explain the associations you have in your mind as related to this brand. (1-2 Paragraphs)Submit a post in which you define the concept of value. Think of 2 products or services that you use on a regular basis and which you think represent good value for you, as a consumer. Tell us what they are.3. Then think of 2 products or services that, in your view, as a consumer, do not represent good…
"Pork-barrel" legislation that contains funding for hundreds of separate special products scattered throughout numerous states often reflects: the paradox of voting. logrolling. the benefits-received principle. the Coase theorem.
Answer the number 3.
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An employee of a bank announced in front of media about the unethical management practices adopted by top management of the company he was working with. This employee is involved in which of the following action? O a. Whistleblowing O b. Ethical problem solving O .Ethical reasoning O d. Ethical decision making
Which of the following are not the safeguards to offset the threats To Fundamental Principles? a) Educational, training and experience requirements for entry into the profession b) Continuing professional development requirements c) Corporate non - governance regulations d) Professional standards e) Professional or regulatory monitoring and disciplinary procedures f) Internal review by a legally empowered third party of the reports, returns, communications or information produced by a member. Only a) and b) Only c) and f) Only c) Only b) and c)
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In the context of the fashion industry, we have examined in a very cursory some of the costs and benefits of the production of cheap consumer goods such as "fast fashion" The purpose of such an analysis of production is to identify the different types of ethical concerns and responsibility associated with both the production and consumption of these goods. For this exam, you are to clarify in your view what are the primary ethical concerns, who bears the ethical responsibility, and what actions ought to be taken.
You are the director of health information services at a tertiary-care hospital. You and the director of emergency room services are jointly responsible for reporting instances of communicable disease, child abuse, and cancer to the appropriate state authority. You have just completed an audit of your institution’s reporting mechanism and discovered that the reporting requirements are not consistently met. The audit could not definitively establish whether the reporting never occurred or occurred but was not documented in the patient’s health record. Discuss what legal issues are present and what approaches you should take to resolve this problem.
Examples of information as instructions include (select all that apply):  TV program listings Stock prices Pizza recipe Protein folding instructions Map directions Which one of the following statements is correct? Most information goods are physically excludable.  Digital rights management is one way to deal with the problem of excludability. Experience goods are best sold to those who have not experienced them yet. Most information goods are not experience goods. The value of information is defined as: Value(best decision | informed) – Value(best decision | uninformed) Value(best decision | uninformed) – Value(best decision | informed) Value(best decision | informed) – Value(worst decision | informed) Value(worst decision | uninformed) – Value(worst decision | informed) Value(best decision) - Value(worst decision) Using information to add value to a product or purchasing experience, demand curve shift occurs… Up and to the left Up and to the right Down and to the left Down…

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