The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 5, Problem 1IS
Summary Introduction
Case summary:A company AC, in order to amend its past discrimination, decided to adjust pay differences among its employees. The company AC considered it a moral obligation.
To explain :Presence of ethical conflict between the company AC and its employees, and between the company and its shareholders.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
What unethical business practices were involved in the Wells Fargo incident? Give examples and demonstrate detailed ethical reasoning using ethical reasoning and relevant factual information
Explain ethical egoism and apply it to a business ethics problem, highlighting its strengths and weaknesses with respect to the problem.
Discuss the different obligations that business have towards their respective stakeholders (i.e stockholders want business to turn profit, consumers expect a good product at a fair price , etc.).
Chapter 5 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Knowledge Booster
Similar questions
- Should Airbnb be held responsible for discriminatory actions of its hosts?arrow_forwardThe Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical behavior and codes of conduct. Discuss the costs and benefits of the ethical environment. If a poor ethical environment results in costs to an organization, what are they? Conversely, what are the benefits of a good ethical environment?arrow_forward1.WHAT IS CORPORATE SOCIAL RESPONSIBILITY (CSR) AND ITS BENEFITS? 2. DEFINE IN A SIMPLEST WORD, WHAT IS BUSINESS ETHICS? 3. WHAT ARE THE ELEMENTS AND DISCLOSURES THAT CONSISTENTLY APPEAR IN A CSR REPORT? 4. WHAT ARE THE DIFFERENCE BETWEEN COMPLEX & CHALLENGING BEHAVIOURS?arrow_forward
- Delta Tools, Inc., markets a product that under some circumstances is capable of seriously injuring consumers. DoesDelta have an ethical duty to remove this product from themarket, even if the injuries result only from misuse? Why orwhy not? (See Making Ethical Business Decisions.)arrow_forwardhow would you train prospective but sports management in sports ethics? Explain what the program would be, its duration, areas covered, and expected outcomes from the program.arrow_forward1. Is it wise for a government to try to legislate ethics through laws such as theFCPA? 2. Consider the following scenario: A sales representative from a textbookpublisher calls on your professor to try to get him or her to adopt a new textbook.Is it okay for the professor to accept a free lunch from a publisher’s salesrepresentative? If it is okay for a professor to accept a free lunch, what about afree game of golf? What about a free set of golf clubs after the game?arrow_forward
- i) What is the best source for ethical business practices: The individual employee, or the business organization itself? ii) To what extent should individual employees be allowed to lend input in the creation of a code of ethics for a business organization? iii) In the event that an individual employee's ethical standards differ from his/her employer's code of ethics, what can/should be done to resolve those differences?arrow_forwardIf you were the owner of Universal and you discovered what the serviceperson had done to Bauza, how would you handle this situation from an ethical point of view?arrow_forwardBusiness ethics is a vital aspect of corporate governance, encompassing principles and values that guide organizations in making morally sound decisions. It involves considering the impact of business activities on various stakeholders, including customers, employees, shareholders, and the broader community. Ethical business practices go beyond mere compliance with laws and regulations; they reflect a commitment to honesty, integrity, transparency, and fairness. Companies with strong ethical foundations often enjoy long-term success, as they build trust and credibility among stakeholders. Additionally, ethical behavior fosters a positive corporate culture and contributes to sustainable business practices. In today's dynamic and interconnected global business environment, the importance of business ethics cannot be overstated. Question: How can businesses effectively integrate ethical considerations into their decision-making processes, ensuring that ethical values are not just stated…arrow_forward
- How can the code of conduct assist ethical practices?arrow_forwardDescribe some virtues of the ethical codes of conduct adopted by professional societies such as the ACM and IEEE-CS, and list some shortcomings of these professional codes as well. In the final analysis, do the advantages of having a code outweigh the prospects of not having one? Use either an actual or a hypothetical case to establish the main points in your answer. Once you have assessed the individual strengths and weaknesses of professional codes, determine whether the overall benefits of having professional codes outweighs the disadvantages of not having them. Apply your conclusion to the following case: SCENARIO: Shutting Down the Original Napster Web Site Napster, a very popular site for sharing music online in the late 1990s, was founded by Shawn Fanning while he was a student at North Eastern University. Napster’s users were able to exchange copyrighted music files, in MP3 format, with one another. In December 1999, the Recording Industry Association of America (RIAA) sued the…arrow_forwardDoes the president of a firm have a right and obligation to use corporate profits for social programs? To whom do the profit belong?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
