BUSINESS ETHICS AND SOCIAL RESPONSIBILITY (B) HOMEWORK (13 November 2012) Student: Nguyen Thi Thuy An (Anne) I. DISCUSSION QUESTIONS (page 3) Question 1: Madoff case involves some ethical issues and questions. Firstly‚ Madoff did not tell the investors clearly about the business (what is it as well as details about the contract of investment). As he was former chairman of the NASDAQ‚ everyone was more likely to trust him‚ which resulted in less concern of the contracts‚ the investments‚ or
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1.1 Ethics a branch of philosophy that studies the nature of right and wrong The Moral Formula An expression that would explain and define morality would let us be able to solve all current and future moral dilemmas an answer key to moral questions 1.2 Ethical Objectivism belief that claims there is a universally valid moral code basically‚ if something is morally wrong for one person‚ than it should be morally wrong for all people cultural beliefs about morality vary‚ but cultural acceptance
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Breaking a Social Norm For my breaking a social norm‚ my friends and I wanted to do something creative that no one in my class would do. So in a couple of minutes of thinking we figure something creative. Our plan was to go to McDonalds and use the drive thru to order our order‚ but the catch is that I was supposed to walk to the drive thru with no car just me standing there ordering my order and when they said to pull up to the next widow I would just walk to the window and pay and walk to the
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confused. “Your classmates‚ your teachers‚ society. You are growing up to be an extremely intelligent black female‚ and people are not going to understand you because you exist outside of the stereotypical norm.” “What do you mean?”
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Breaking Social Norms Emily Brittain Psychology 101 19 September 2012 When people are given absolute freedom they feel the need to create rules and structure. This has been shown time and time again‚ and without rules and structure we‚ as a human race‚ might cease to exist because there would be no teamwork or leadership. Within those confines and rules each given community creates an unspoken set of social norms‚ which are expectations and regulations about how people should act and present
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scam was is a scheme that was named after a man named Charles Ponzi. The idea of a ponzi scam is that it pays returns to investors from their own money or money paid by subsequent investors rather than from any actual profits earned. This was exactly what Bernard Madoff did. In 2008 Bernard Madoff was caught in one of the biggest ponzi scams in history. In total $50 million dollars were taken and lost from investors. This scam was solely for the purpose of personal gain for Bernard Madoff. The next
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Management Accounting and Business Textbook/Reading Reference Lecture Illustration Text Questions Notes Tutorial 1: Topic 1 (Introduction)Week 1 Introduction to management accounting: Value Chain Analysis (VCA) (Ch.1) Chalice Wines Intro (discuss assessment tasks) Group Task 1 Management accounting and value chain analysis (10%) (due in week 5’s class) Tutorial 2: Topic 2 (Profit Planning) Week2 Building a Profit Plan (Additional Reading‚ Simons‚ 2000‚ Ch.5 pp77-109) Boston
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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 bases on who the decisions affect most
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1) Which prior established norm do you (your group) believe Generation Y has changed? Generation Y is a generation of choice. Unlike pervious generations‚ the notion of being a true adolescent‚ largely a creation of society‚ has been very strong in the heart of Generation Y. Being a adolescent is characterized by: being very liberalist and aware of our rights‚ cycling through various personal identities‚ pursuit higher education and delay entry into the work force. Pervious generations were different
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How will people react to my violating a cultural behavior norm? Specifically‚ I want to know how people will react to me talking to myself while riding the train. I propose that when I violate a social behavior norm by talking to myself on the train‚ people will respond tome in ways that indicate to me that my behavior is deviant. People will probably look at me strange‚ laugh at me‚ make fun of me‚ and probably more embarrassing things. I performed my norm violation on the CTA Orange Line Train
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