Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 4.2, Problem 1MED
Summary Introduction
To select: The ethical decision and its consequences.
Introduction:
Ethics is the basic concepts and fundamental principles of descent human conduct. It help in resolving questions of human morality by defining concepts such as good and bad, right and wrong, and many others.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
In no more than 1000 words What will you do as an owner to your displaced workers if your factory will be closed for 2 months and above? if You are the owner of a medium business enterprise that manufactures and sells toys. You have found out that you are using a particular chemical that is suspected to be harmful to people, especially children. You consider discontinuing the use of the said substance. However, the alternative chemical is very expensive, and it might take months before you can arrange its purchase and shipment. Consequently, this means a possible three-month temporary work stoppage period for your 56 workers. You are well aware that these workers are completely dependent on the wages that they receive from you.
What are normative business ethics, and how can their application enable a business to create an ethical atmosphere? Discuss your opinion and support your claims/arguments with key research findings.
What is ethics?
Why study ethics?
Why practice ethics?
List the consequences of unethical behavior
all 4 questions are separate/individual questions
Chapter 4 Solutions
Understanding Business
Ch. 4.2 - Prob. 4.2AQCh. 4.2 - Prob. 1MEDCh. 4.2 - Prob. 1TPCh. 4.2 - Prob. 2TPCh. 4.2 - Prob. 3TPCh. 4.4 - Prob. 4.4AQCh. 4.4 - Prob. 4TPCh. 4.4 - Prob. 5TPCh. 4.5 - Prob. 4.5AQCh. 4.5 - Prob. 4.5BQ
Ch. 4.5 - Prob. 4.5CQCh. 4.5 - Prob. 6TPCh. 4.5 - Prob. 7TPCh. 4.6 - Prob. 4.6AQCh. 4.6 - Prob. 8TPCh. 4.6 - Prob. 9TPCh. 4 - Prob. 1CECh. 4 - Prob. 2CECh. 4 - Prob. 3CECh. 4 - Prob. 4CECh. 4 - Prob. 5CECh. 4 - Prob. 1CTCh. 4 - Prob. 2CTCh. 4 - Prob. 1DCSCh. 4 - Prob. 2DCSCh. 4 - Prob. 3DCSCh. 4 - Prob. 4DCSCh. 4 - Prob. 5DCSCh. 4 - Prob. 1PPTCh. 4 - Prob. 2PPTCh. 4 - Prob. 3PPTCh. 4 - Prob. 4PPTCh. 4 - Prob. 1VCCh. 4 - Prob. 2VCCh. 4 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Decribe perspective on an ethical decision as it pertains to the conduct of individuals, firms, nonprofit organizations, and government entities, including why and how you either made or supported/opposed that decision.arrow_forwardWho do you perceive to be ethical or unethical in a business company or organization? Explain your answer.arrow_forwardHow do the terms business ethics and social responsibility differ from each other? Multiple Choice Business ethics concerns the impact of the entire business's activities on society, whereas social responsibility relates to an individual's decisions that society evaluates as right or wrong. Business ethics is a broader concept, whereas social responsibility is a narrower concept. Business ethics and social responsibility can be used interchangeably because they mean the same thing Business ethics relates to an individual's or a work group's decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact of the entire business's activities on society.arrow_forward
- You have recently joined a company as international sales manager, and you are considering entering new markets in the developing world. You discover a complete absence of any policy regarding ethical issues and decide to present some proposals to your CEO. What would you include in your outline of the proposal? Do you think companies have a duty to set high expectations for human rights?arrow_forwardWhat is the purpose of the code of ethics?arrow_forwardVirtue Ethics do you agree with as a basis for ethical action and why?arrow_forward
- Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…arrow_forwardcan you Define Ethics and Write on code of Ethics & steps to implement code of Ethics?arrow_forwardWrite what you have learned from business ethics & society. Please write it in your own words in 100_200 words.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
