Ethical issues in the retail pharmaceutical industry: An analysis of the ethical dilemmas faced within Chaguanas Drug Mart Limited Abstract: The ethical duty of a pharmacy is to promote a patient’s best interest. However‚ certain obvious ethical issues will arise. Within any business involved in bulk purchasing the issue of unconscious theft will also occur. The following paper focuses on the application of ethical theories that supports as well as argues the behavior within Chaguanas Drug Mart
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2. Discuss and illustrate the classifications of ethical issues discussed in the text. According to the textbook‚ Business Ethics: Ethical Decision Making and Cases‚ an ethical issue is “a problem‚ situation‚ or opportunity that requires an individual‚ group‚ or organization to choose among several actions that must be evaluated as right or wrong‚ ethical or unethical” (Ferrell 65). There are fifteen basic classifications of ethical issues in business that can be broken down into three categories
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Ethical Issue A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical) Education is simply the soul of a society as it passes from one generation to another. ~ G. K. Chesterton Indeed‚ education is an ongoing process. We are always receiving and passing it on‚ adding something in the process‚ sometimes even taking certain things‚ impertinent from time to time‚ away from it while passing it on further
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Ethical and Moral Issues in Business Ethical and Moral Issues in Business Ethics and morality are thought to have the same meaning. In reality both have different meanings‚ but come together in values and tradition. Moral values are taught to each human being by its own upbringing from home‚ school‚ and social environment. Everyone identifies morality differently. For example‚ some may think that the correct thing to do is to marry before living with someone; others may think that it is correct
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Ethical Issues in Sales: Two Case Studies Thomas L. Carson Ethical issues in sales are an important and neglected topic in business ethics. Roughly 9% of the U.S. work force is involved in sales of one sort or another. But very little has been written about ethical issues in sales. Case 1: Shoe sales [The following case is taken from a paper that I received from a student. I am using this case with the student’s permission. The student did not want me to use his/her name. I have made some minor
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IMA’ Statement of Ethical Professional Practice‚ would it ethical for Perlman not to report the inventory as obsolete? IMA’s statement states that if they are stealing report it to the police‚ in this particular situation they are stealing but not physically. If would be unethical if Perlman did not report if because this effect there financial gain. They are stealing indirectly which creates a gate for feature dishonesty. 2. Would it be easy for Perlman to take ethical action in this situation
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Ethical and Regulatory Issues Paper President Clinton signed the Telecommunications Act of 1996 into law in February 1996. The law modified earlier legislation‚ primarily the Communications Act of 1934. The legislation regulates broadcasting by over-the-air television and radio stations‚ cable television operators‚ satellite broadcasters‚ wireline telephone companies (local and long distance) and wireless telephone companies. The general intention of the Act was deregulation and competition. The
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In the present world legal and ethical issues have major impact in almost all the professions. It occurs when a professional/organization executes something against the law. Legal issues have a specific law behind them which will result in legal consequences if you don’t obey. It simply goes along the law it concern to anything arising from law or counter legal arguments. Ethical Issues are acts that you fell wrong but not against the law though it’s not illegal.
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Medicolegal and Ethical Issues Ethics are the study of right and wrong behavior or a set of moral principles. Morals are defined as rules or habits of conduct based on right and wrong. In regards to the relationship with the patient‚ the EMT must do no harm‚ be in good faith‚ and the patient’s best interest meaning the decisions of the EMT are based on providing the best care for the patient. Decisions are never made to benefit the EMT or any other person. There are several ethical conflicts that
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Introduction to Business Ethical Issues in a Business Workplace. At large corporate restaurants‚ where at any given moment may have more than thirty five employees working together‚ fulfilling many different job positions‚ while utilizing only a few supervisors‚ it’s common that the responsibilities or faults that are present in the company are passed on from person to person without any ownership of the issue at hand‚ let alone a solution. Within the five years I have been employed by a large
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