value to society so that the firm may repay its creditors and shareholders. 2. Legal responsibilities are defined by governments in laws that management is expected to obey. For example‚ U.S. business firms are required to hire and promote people based on their credentials rather than to discriminate on non-job-related characteristics such as race‚ gender‚ or religion. 3. Ethical responsibilities of an organization’s management are to follow the generally held beliefs about behavior in a society
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Characteristics Cognitive moral development The theory of cognitive moral development (CMD) states that there are different levels of reasoning that a person may apply to ethical issues. The individual at level one is concerned with their self-interest and external rewards and punishments. At level two‚ the individual does what others expect of them. The individual at level three possesses more autonomous decision-making skills based on principles of rights and justice rather than external influences
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the Markkula Center for Applied Ethics often helps people work through moral dilemmas‚ it has developed a method for ethical decision making as a resource for those who are confronting value questions. The approach has a number of steps‚ but the broad categories include recognizing the moral issue‚ evaluating alternative actions from various moral points of view‚ making a decision‚ acting‚ and considering the action in retrospect. This Issues in Ethics shows how our publication is part of the Center’s
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Ethics of Profit‚ Part 3: The Profit Motive Posted March 29‚ 2011 Filed under: character‚ competition‚ corporations‚ decision-making‚ ethics‚ finance‚profits‚ white collar crime | This is the third in a 3-part series on the ethics of profit. (See also Part 1 and Part 2.) As mentioned in previous postings‚ we should distinguish between our ethical evaluation of profit per se (which‚ after all‚ just means financial “gain”)‚ and our ethical evaluation of the profit motive. After all‚ I don’t worry
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ETHICS FOR MARKETING MANAGERS Fall 2012 ESSAY TOPICS Your essay will represent 70% of your grade for this course. It should be 2000-2500 words in length. Please submit the essay in WORD or PDF format‚ with pages numbered and your name on each page. Do not forget to include a full bibliography‚ and use footnotes where appropriate. Your essay must be uploaded to Moodle no later than Friday‚ December 21st at midnight. All essays will be run through the TURNITIN anti-plagiarism software program
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arguments as to why and why not the plant should remain open or be closed. As the VP of Finance for BP‚ I have kept an open mind and looked at the advantages and disadvantages of closing the plant. I will now discuss some of these arguments in the following paragraphs. The first argument as to why the plant should remain open is the 30% increase in productivity. Lima‚ Ohio has a population of 48‚000 and in the years that this plant has operated here‚ there has been dramatic increase in productivity
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Practice Test: Answers Code of Ethics Which of the following is a component of the Code of Ethics? CFA Institute members shall: B) use reasonable care and exercise independent professional judgment. following could result in the member being summarily suspended from using the CFA designation? C) Both of the results listed here. Which of the following is NOT an act explicitly referred to in the Code of Ethics? A) Giving free introductory seminars on investing to the public.
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Ethics Audit Questions HSM/230 TARA HORN Michael Cottone 01/08/2015 Board Who gives the board a sense of accountability? Do they answer to someone with a higher authority or is it decided between the members? This question is important to assessing the ethical code of a business or organization by helping to understand that everyone needs to be accountable to someone. As a manager I am responsible for the 15 people working under me and the everyday functioning
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Ethics Paper: Ethics From Different Cultures Business ethics have an important role and becoming critical in the business world. It can be thought of as written and unwritten codes of values that help us make decisions and actions within a company. In the most basic terms‚ the definition for business ethics are determining what is right or wrong and choosing to do the right things. With the process of globalization‚ workplaces are becoming more diverse than ever before. Therefore
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2) Freegard (2006) states: “Autonomy as an ethical principle encompasses the fundamental protection and respect of persons‚ and freedom from interference ... A competent client should have the right to decide what is to be done with his or her body” (p. 112). Autonomy has been practiced in nursing since Bioethics and the four principles became a prominent approach. Bioethics considers the social and moral implications of new developments in medicine and medical technology (Jecker‚ Jonsen‚ & Pearlman
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