Business Ethics (BUS 560) Module 2 Check Your Understanding: 1. Consider the functional departments reviewed in chapter 3. Which department do you think faces the greatest number of ethical challenges? Why? I think human resource department faces the maximum number of ethical challenges. The human resources function within an organization should ideally be directly involved in the relationship between the company and the employee throughout that employee’s contract with the company.
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“Business ethics in the workplace is about prioritizing workplace moral values and ensuring that employees align their behavior with these values - its values of management. Yet there are many myths abound about business ethics and the majority of these come from a general confusion about the concept of ethics‚ while other myths come about from constricted or one-dimensional views of ethical predicaments”. (McNamara‚ n.d.). The first myth of business ethics says that it is more of a focus on religion
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Ethics‚ Accounting and Business Decisions In the article "Business and Accounting Ethics" written by Dr. K. T. Smith and Dr. L. Murphy Smith‚ the authors affirm the need for ethics and decision-making in accounting due to recent unfavorable business practices. They stress the importance of maintaining and implementing regulations for professional conduct for public and private accountants. In addition‚ they raised question‚ "What is my highest aspiration? The answer might be wealth‚ fame‚ knowledge
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The Malaysian Business Code of Ethics (Rukuniaga) Introduction The Malaysian Business Code of Ethics is based on the religions‚ philosophical and cultural values of Malaysian. It was undertaken by national Consumer’s Protection Consultative Council and Ministry of Domestic Trade and Consumer Affairs to develop self regulation among traders in Malaysia. Objective The Malaysian Business Code of Ethics was formulated with the objective of: - * Preparing the main principles to be applied by Malaysian
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The Importance of Business Ethics in Ireland Sonia Lorena Richards Cross cultural Human Relations and Negotiations April 27‚ 2010 Globalization has created opportunities for countries like Ireland to flourish. “Ireland is now classed as a high income economy by the World Bank on the basis of gross national income (Chhokar 365).” The importance of business ethics is fairly new in Ireland. Explanations for this might be sought in the country’s colonial history and late economic development
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Title Assignment topic 1) What are your preferred definitions of business ethics and social responsibility Why have you chosen these definitions 2) What is one key issue in the area of business ethics and social responsibility that is relevant‚ currently‚ to your organisation and your industry (You need to explain the issue and show its relevance to your organisation/industry) 3) What strategies could your organisation adopt to address this issue (You need to explain these fully) Word count
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Ethics Team Case: The Auditor TEAM 4 Jaclyn Cancelliere Nicole Contu Linda DellaPia John McCool Introduction As presented by a young auditor working for a large public accounting firm‚ a Fortune 500 company has been exposed to some sizeable inconsistencies to their compensation procedures regarding a specific senior manager. The auditor discovers that the manager in question‚ referred to as Charles‚ is exclusively responsible for setting
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Business Ethics and the Real Estate (Critical Analysis Template) Name: Jasper Esmalla Class: BUSI 560 Section: Spring 2011 Critical Analysis Topic: Business Ethics and the Real Estate PRINCIPLE: ◆ Defined as the standard by which one judges between moral right and wrong (Lawrence & Weber‚ 2011). o Covers every area in the business: - Accounting and financial responsibility - Marketing and advertising - Information Technology ◆ Is the application of ethical ideas
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Case study report Case 6: Monsanto Modified Seed Course name : ETM 520/620 Management of Engineering and Technology Instructor’s name : Professor Dundar F. Kocaoglu Student’s name : 1. Anna - Lena Lentz 2. Ashish Mashra 3. Chandana Bonthu 4. Greg Wease 5. Monticha Khammuang 6. Nikesh Gargavelly 7. Paul Atkinson Table of contents 1. Introduction ……………………………………………………………………………………………3 2. Monsanto Company Background………………………………………………………………………3
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determine what is “foreseeable” or “reasonable” • Ethics‚ Law‚ and CSR o Ethics: study of right and wrong behavior o Business ethics: study of right and wrong behavior in the business world o Moral minimum: the minimum acceptable standard for ethical business behavior‚ normally considered compliance with the law o Corporate Social Responsibility (CSR): the idea that corporations should be accountable to society for their actions • 3 Approaches to Ethics o Duty-based: What are the relevant rules?
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