Resolving Ethical Business Challenges As a new employee at Acme Corporation‚ Frank Garcia knew few mistakes were allowed. He had sold medical supplies to Thermocare. Thermocare was a company Acme had been trying to do business with for a while. Otis Hillman‚ buyer for Thermocare‚ was happy with the products supplied by Acme. When Frank wanted to sell additional items to the company‚ Otis would question whether Acme was the right company for supplying products and would outright hint that he wanted
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1. What are the potential ethical issues faced by ACME Corp? Frank from ACME corp. is leveraging his personal relationship and offering bribes and kickbacks to Otis of Thermocare to increase purchase contracts. This could potentially be a large problem if Thermocare becomes aware of such practices. The purchase of product should be warranted w/ quality of products and price structures‚ not because it gets you tickets to baseball games and Cancun. If ACME is competitive‚ there is nothing
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What are the 3 forms of business organization‚ and what are the advantages and disadvantages of each form? For a corporation‚ what is the overall goal of the financial manager? Do you agree with this goal? Why or why not? A business organization is defined as an entity created for the purpose of conducting an industrial or commercial enterprise (“Business organization‚” n.d.). The following are the most popular forms of a business organization: Sole Proprietorship (Brooks‚ 2013) Partnership
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One of the primary benefits of learning English is that it is often considered the language of global business. The international business community often uses it for communication‚ even among people who do not speak the same native language. Speaking and understanding English can let a person more easily communicate with others and find more job opportunities not only in his or her home country‚ but around the world as well. There are also many professional informative publications printed in English
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largely outside academic debate. Because of these negative associations‚ some companies now avoid its use. Shell‚ to take a notable example‚ talk simply of ’corporate responsibility’. I prefer to retain the term because it expresses three key ideas: the idea of ethical responsibility‚ the idea that corporations as well as individuals can be held responsible‚ and the idea of obligations towards society at large. The term ’corporate social responsibility’ was originally coined in the 1930s by Harvard
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Business Strategy in a Global Environment: A Capstone Project that Integrates Ethical and Cross-Cultural Considerations Submitted by Catherine Giapponi Management Department Charles F. Dolan School of Business Fairfield University 1073 North Benson Road Fairfield‚ CT. 06824 cgiapponi@fairfield.edu Carl Scheraga Management Department Charles F. Dolan School of Business Fairfield University 1073 North Benson Road Fairfield‚ CT. 06824 cscheraga@fairfield.edu ABSTRACT Undergraduate
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There are five general principles in the 2002 APA ethics code designed to "guide and inspire psychologists toward the very highest ethical ideals of the profession." These principles include beneficence and nonmaleficence (i.e.‚ benefit people and do no harm); fidelity and responsibility; and integrity‚ justice‚ and respect for people’s rights and dignity. The Belmont Report identified three basic ethical principles when conducting research: respect for persons‚ justice‚ and beneficence. The following
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line he must walk‚ as not to break lucy’s trust‚ rendering long-term damage Lucy might have to herself. He recalls the five ethical foundation values “placing the welfare of the client(s) as the professional’s highest priority.” (WELFEL “Ethics in Counseling and Psychotherapy P3). Jeff could justify not telling Lucy’s parents. However‚ According to the ASCA Ethical Standards for School Counselors Section A.9 serious and foreseeable harm to self and others: a. Reads: “school counselors: inform parents/guardians
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today handsomely defeated India in Mumbai. So‚ it is in a spirit of humility that I offer these predictions for 2013 from alternative (I am loth to say rival) forecasters‚ Professor Thomas Malnight of the IMD business school in Lausanne and his colleague Tracey Keys of Strategy Dynamics Global. Looking down their ten trends‚ I find myself general in agreement (though I’m not as pessimistic as they are in number 7‚ and we have to bear in mind that a lot of what they say is more relevant to the
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Global Business Cultural Analysis: KENYA GLOBAL BUSINESS CULTURAL ANALYSIS: KENYA Tonja Arnold Brooks Spring 2013 BUSI 604 Professor: Romanoski March 13‚ 2013 Kenya lies to the east of the African continent and has a coast on the Indian Ocean. The country straddles two of the most famous lakes in Africa - Lake Turkana and Lake Victoria. At its heart is Mount Kenya from which the country takes its name. The Kenyan population is heterogeneous‚ comprising seven
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