1. Describe the need for ethical theories. (3) Ans. Ethical theories represent the grand ideas on which guiding principles are based. They attempt to be coherent and systematic‚ striving to answer the fundamental practical ethical questions: 1.What ought I do? 2. How ought I to live? Ethical theories are needed for a number of purposes. They are the foundations of ethical analysis because they are the viewpoints from which guidance can be obtained along the pathway to a decision. The aim of ethical
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form.pdf What is the purpose of a Corporation? • Profits v. social responsibility • Stockholders v. Stakeholders Who are stakeholders? • stockholders • employees • customers • managers • supplies • local community According to Friedman‚ can a business do anything in the quest for profits? • No‚ it must not be deceptive or fraudulent Who is Theodore Levitt? • Former professor of marketing at Harvard B-School‚ Ph.D. in economics‚ prolific writer‚ editor of Harvard Business Review‚ coined
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changes occurred with the creation of the automobile and the radio. Millions of people had the freedom to travel easily to new places and the radio brought entertainment‚ new ideas and experiences to their homes. Other changes emerged when women took jobs during and after the war. New machines were created to assist in household chores like washing clothes and preparing food. An important factor that drove these social changes was the increase in education. The number of students attending school doubled
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Business Ethics "Like Nailing Jell-O to the Wall" What are ethics? A simple definition for "ethics" is those standards or morals a person sets for himself or herself regarding what is good and bad and right and wrong. If something is "ethical"‚ it does not necessarily mean that it is legal‚ and vice-versa. This is partially because ethics are "subjective" – that is‚ each person’s ethics are unique to that individual. For example‚ Sally‚ who works at Becker’s‚ may give a carton of milk to a young
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SUPERMARKETS FOR POOR PEOPLE In Vietnam‚ there are some duty-free supermarkets that serving people in buying goods and foods with “10-15 percent lower than common prices” like Moc Bai supermarkets at Vietnamese-Cambodian frontier (“Duty-free supermarket opens in Moc Bai economic zone”‚ 2009). It is seen as a good idea to help people having things with reasonable prices. However‚ according to the Circular No. 08/2010/TT-BTC Article 2 Section 2b (Ministry of Finance‚ 2010)‚ only people aged 18 years
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Understanding Business Ethics Unit 37: National Diploma Assignment brief TASK 1: Scenario: Business ethics - a study of a selected company With growing interest among consumers regarding the business ethics of the businesses brands that consumers buy‚ Westminster council wants to conduct an independent review of some of the organisations that sell their goods and services in the borough. You have been asked to select one of the following brands and conduct research into their business ethics.
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Business ethics Business ethics (also corporate ethics) is a form of applied ethicsor professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has normative and descriptive dimensions. As a corporate practice and a career specialization‚ the field is primarily normative. Academics attempting to understand
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Business Ethics Ethics is a branch of philosophy that inquires into the nature of ultimate value and the standards by which human actions can be judged right or wrong ("ethics‚" Collegiate). Ethics is not primarily concerned with the description of moral systems in societies. That task‚ which remains on the level of description‚ is one for anthropology or sociology. In contrast‚ ethics deals with the justification of moral principles. A Brief History of the Study of Ethics Ethics has been
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‘What is ethics and why is it important for thinking about media?’ You should use recent examples from the media in your response.’ Living in a society that depends on information and communication to keep moving in the right direction‚ almost every person has access through radio‚ television‚ newspaper‚ and new electronic media to the latest circulated information. Through this information‚ one is able to shape their opinion about a particular fact. Nevertheless‚ media have the power to form
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overriding the consumers’ autonomy because they deceived the consumer by leading them to believe that the products were better than what they were. They used the consumer’s insecurities about themselves to make their products more appealing‚ causing the consumer to act on desires‚ rather than rationality. The problem with this type of advertising is that when people take a chance on something based on impulse‚ rather than facts. They risk their autonomy‚ which makes them want to purchase the product
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