Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Question
Chapter 4, Problem 4.8QA
Summary Introduction
To determine: Whether the international firm should take on a single standard of ethical conduct or adapt to local circumstances.
Introduction:
A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.
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Chapter 4 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 4 - Prob. 4.1QRCh. 4 - Prob. 4.2QRCh. 4 - Prob. 4.3QRCh. 4 - Prob. 4.4QRCh. 4 - Prob. 4.5QACh. 4 - Prob. 4.6QACh. 4 - Prob. 4.7QACh. 4 - Prob. 4.8QACh. 4 - Prob. 4.9AECh. 4 - Prob. 4.10AE
Ch. 4 - Prob. 4.11ACh. 4 - Prob. 4.12ACh. 4 - Prob. 4.13ACh. 4 - Prob. 4.14TECh. 4 - Prob. 4.15TECh. 4 - Prob. 4.16TECh. 4 - Prob. 4.17TECh. 4 - Prob. 4.18EECh. 4 - Prob. 4.19EECh. 4 - Prob. 4.20EECh. 4 - Prob. 4.21CCh. 4 - Prob. 4.22CCh. 4 - Prob. 4.23CCh. 4 - Prob. 4.24CCh. 4 - Prob. 4.25CCh. 4 - Prob. 4.26CCh. 4 - Prob. 4.27CCh. 4 - Prob. 4.28C
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- How useful are corporate codes of conduct in helping managers make ethical decisions across cultures?arrow_forwardShould the local culture affect ethical practices? What are the implications of such local norms for ethical decisions made by multinational corporation (MNC) managers?arrow_forwardPart 3 - Culture and Morality Culture has a significant impact on our moral decisions. While we might initially attribute our moral teachings to our families or caretakers, we have learned that our moral choices are constantly changing and evolving. In addition, our cultural identities and moral choices are shaped by multiple influences. In the first unit, we discussed various aspects of culture that shape our sense of right and wrong. These include diverse cultural groups such as religion, profession, nationality, region, and ethnicity. Different aspects of culture have influenced us at various stages of our lives. These influences shape our sense of right and wrong. Reflect on which aspects have had the most impact on you and explain why.arrow_forward
- What are the differences between instrumental and terminal values?arrow_forwardSelect four companies and four NGOs to look for their perspectives on CSR online. To what extent is there agreement and divergence in terms of their perception of CSR? What might account for these similarities and differences?arrow_forward1) Do you agree with the position that the frequency of business wrongdoing is about the same as for individuals or any other institutions in society? 2) Does capitalism or the free-market system erode moral character?arrow_forward
- When a Western company is presented with the possibility of taking advantage of the absence of laws addressing business ethics or lax enforcement of those which do exist in a non-Western setting, what are the appropriate steps for it to take?arrow_forwardWhat are the characteristics of Eastern ethical ideologies?arrow_forwardBased on the nature of justice, choose a proposed political viewpoint and explain how just it is. Apply the Libertarian view to the poverty in America to justify or expose its value. Can wealth legitimately be spread equally among the people of a nation based on the philosophers you have been introduced to?arrow_forward
- An ethical code serves as a compass guiding individuals or organizations in their actions, ensuring they align with moral principles and values. It delineates the standards of conduct expected, emphasizing honesty, integrity, fairness, and respect for others. This code acts as a foundation for decision-making, fostering trust, accountability, and transparency within diverse contexts such as business, medicine, or academia. By adhering to an ethical code, individuals and institutions not only uphold their own reputation but also contribute to the collective welfare, promoting a harmonious and just society Question How does adherence to an ethical code contribute to fostering trust within an organization?arrow_forwardSelect six stakeholders, of which three are internal (e.g. employees, shareholders, management) and three external (e.g. community, customers, environment).After selecting a country and a specific company, look for information on the company's CSR policy and the ethical behaviour of its managers. Analyze how internal and external factors influence the CSR policy and ethical behavior of managers.arrow_forwardhow would you embody corporate ethical codes in your profession?arrow_forward
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