Q1. Evaluate the ethical issues concerned with the operation management decisions of the IMC plant. 1. Issue of “sweatshop” Condition in IMC plant i. Dangerous and Poor Working Condition The poor layout of facilities inside the plant directly and seriously affected the worker safety. There were several evidences to show that IMC did not provide a safety and proper working environment for its staff and contractors: - Zinc buffer stocks were stored everywhere even blocking the walkways and emergency
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LEGAL AND ETHICAL ENVIRONMENT OF BUSINESS August 13th‚ 2012 LAW / ECONOMIC / ETHICAL WHERE THE LAW COMES FROM? • Maintain your property LAW • Rules related to the allocation of scarce resources WHAT DO WE WANT? • Earth at night • Predictability – Certainty – commerce loves certainty o Stable governments equal strong economy o Bank accounts‚ brokerage accounts‚ land titles o Property the governmentally supported right to exclude o Predictable sanctions for wrongful acts o Democracy
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the business associated would need to change to fill such a void for fear of going bankrupt. Therefore‚ businesses must continually innovate or find areas in which they can create value for society and profit in a sustainable manner. A controversial issue facing the business world today is the use of a business framework known as Multi-level marketing. (MLM) MLM is also known as network marketing and associated with direct sales in the sense that it uses various levels of independent distributors
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[Title Here‚ up to 12 Words‚ on One to Two Lines] There are many factors that influence the development of a person’s ethical framework. Ethical composition is made up of a person’s morals‚ values‚ and beliefs. Morals can be expressed as a standard of beliefs or behaviors and choosing to do what is right. People use ethics to guide in decision making throughout life. This foundation helps to direct us which path to take socially‚ educationally‚ and professionally. In nursing‚ ethics encompasses
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Ethical Issues in the Workplace By Jonathan Dough Excelsior College Abstract Problem Employee and Office Ethics: Most companies have at least one problem employee or “bad apple” in the bunch. These bad apples are labeled as problem children‚ the 2 percent‚ or other choice names. The bad apple normally doesn’t fall far from the tree. Meaning‚ the employee is only as good as the office ethics and rules of conduct allow him or her to be. These are issues that Supervisors have to deal with
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Legal & Ethical Environment of Business DATE: 2/4/2013 Week 1 Assignment PART 1: Follow the link below‚ read the article and analyze the practice of “dumping” dangerous drugs overseas. Can an American company be penalized for marketing a product deemed unsafe by the U.S.‚ if it is not also banned by the foreign
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and regulations that are in place‚ is a major source for information and legal protections. The idea of globalizations movement in the information age will have a tremendous effect on businesses socially‚ economically and culturally for years to come. Just over a month ago‚ British Petroleum was enjoying the future of its oil & gas exploration. Oh‚ how things have changed‚ after oil rig explosion and now an enormous oil spill‚ who knows all the world can do now is wait. The British Petroleum Company
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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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Ethical Problems The basic rule of ethics is doing good and avoiding evil and the moral preferred action are the one which produces the greater good and also produces the lesser evil. The mayor may not be examining the consequences of these gifts at this time‚ he may recognize only the dimension of one effect without considering the other dimensions. The mayor accepting these gifts will have a negative effect on how he makes decisions regarding matters that concerns these people‚ based on the gift
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It is ethical for newborn infants to participate as subjects in psychological research projects as long as the researchers remembers that they have a responsibility to protect the participants from harm. Infants are general used as test subjects in areas of Psychology. However‚ this can cause problems. For example‚ when infants are used as test subjects in laboratory setting they can experience distress; as a result‚ ethical issues should be raised. It is the experimenters’ task to safeguarding
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