Answered: Though this case is fictitious, the…

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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Question

Though this case is fictitious, the reality of collapsed mines in the coal industry is an unfortunate reality. The use of cases can cause general questions in ethics to come into clearer focus. Consider the case of the collapsed mine shaft. In a town in West Virginia, miners were digging coal in a tunnel thousands of feet below the surface. An explosion traps eight miners in a pocket. The explosion was one of great force, and the extent of the tunnel’s collapse was considerable. The cost of reaching the men in time to save their lives would amount to several million dollars. Discuss the case study questions in details, giving your opinion, and using the ethical theories in your discussion. 1. Did the manager owe more to the stockholders of the corporation or to the trapped workers? Discuss 2. Should he use the slower, safer, cheaper way of reaching them and save a large sum of money, or the faster, more dangerous, more expensive way, and possibly save their lives? Discuss 3. If you were the CEO of that company, what will be your decision, and why? Discuss 4. If you were a son/daughter one of the eight miners trapped, what you will do and why? Discuss

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