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Business Ethics

ethical principles

1. How do you define an ethical principle? 2. Which ethical principles are most important in an individual ethical framework and which are most important in a business ethical framework? Explain your reasoning. 3. In the hospitality industry, who are the stakeholders affected by management decisions? Explain why? 4. Ho

Ethical Perspectives Outline

Write a detailed, one-page outline describing positive ethical perspectives, how they relate to the ethical principles from the attached document, and how a career in hospitality management would reflect ethical decision-making.

Academic Tunnel Vision

1-Do you have academic tunnel vision? Part one You have just completed part one of the three intermediate courses and in the second week of number 2.. Prior to your intermediate courses the program was such that it could have easily lured you into something called "tunnel vision". By this I mean that you took the assignments

Different Types of Internet Fraud and How to Prevent Them

Please help with an assignment by discussing the following questions: Describe the five types of internet fraud, including how they can affect an individuals experience with the website that it occurs on State some practical preventative measures to avoid being a victim of internet fraud?

Discuss ethical issues facing financial managers in today's contemporary corporate environment. Why does the lack of ethical behavior seem to be so noteworthy in today's financial world when compared to the companies 50 years ago? Provide support for your position.

Discuss ethical issues facing financial managers in today's contemporary corporate environment. Why does the lack of ethical behavior seem to be so noteworthy in today's financial world when compared to the companies 50 years ago? Provide support for your position.

Ethical dilemna analysis

Ethical Dilemma #2 Scheduling people to work second and third shifts (evening and â??graveyardâ?) is a problem in almost every 24-hour company. There can be potentially dangerous issues on the night shift. In addition, ergonomic data indicate the body does not respond well to significant shifts in its natural circadian rh

Robert Buey became Chief Executive Officer of Phelps Manufacturing two years ago. At the time, the company was reporting lagging profits, and Robert was brought in to "stir things up." The company has three divisions, electronics, fiber optics, and plumbing supplies. Robert has no interest in plumbing supplies, and one of the first things he did was to put pressure on his accountants to reallocate some of the company's fixed costs away from the other two divisions to the plumbing division. This had the effect of causing the plumbing division to report losses during the last two years; in the past it had always reported low, but acceptable, net income. Robert felt that this reallocation would shine a favorable light on him in front of the board of directors because it meant that the electronics and fiber optics divisions would look like they were improving. Given that these are "businesses of the future," he believed that the stock market would react favorably to these increases, while not penalizing the poor results of the plumbing division. Without this shift in the allocation of the fixed costs, the profits of the electronics and fiber optics divisions would not have improved. But now the board of directors has suggested that the plumbing division be closed because it is reporting losses. This would mean that nearly 500 employees, many of whom have worked for Phelps their whole lives, would lose their jobs. If a division is reporting losses, does that necessarily mean that it should be closed? Was the reallocation of fixed costs across divisions unethical? What should Robert do?

Robert Buey became Chief Executive Officer of Phelps Manufacturing two years ago. At the time, the company was reporting lagging profits, and Robert was brought in to "stir things up." The company has three divisions, electronics, fiber optics, and plumbing supplies. Robert has no interest in plumbing supplies, and one of the fi

As the layoffs progressed in Michelle Wong's department, things did not go very smoothly. Despite repeated assurances that Polar Health will take care of the laid off employees, give them up to two months notice to prepare their exit, provide six months of free medical coverage, and pay for additional training and an additional one month of severance pay for each year of service, there are still several employees who are showing signs they are quite unhappy and are beginning to drag down the morale of the staff. Michelle has had a nagging suspicion about Jerry Parker and the confrontational manner in which he has been behaving lately. Jerry has been known to fly off the handle at times, make borderline derogatory comments to coworkers, and often acts in a very condescending manner toward his team. Michelle is quite happy to finally be able to get rid of Jerry and wishes the two-month schedule for the layoffs were already over so Jerry would stop making everyone miserable. Michelle has become quite concerned with Jerry's outbursts in the last week or so. His temper has become worse, and several members of his team have complained to Michelle that Jerry's tirades are stressing the department. Rumors have also surfaced that Jerry is refusing to accept his layoff and has made ambiguous comments to one coworker hinting at retribution. Polar Health's privacy policies expressly forbid use of the company's email account for personal use but allow employees to use company computers and networks to send and receive personal emails during lunchtime or other breaks. Polar Health's employee manual clearly states that there is no expectation of privacy in using the company's email account but does guarantee each employee their privacy when using a Web browser to check their personal emails and also send and receive emails during breaks and off hours. Michelle has been monitoring Jerry's use of the company email account and everything seems to be normal. However, in one particular email to an unknown recipient Jerry alludes to revenge against "you know who" and promises to follow up with more information at lunch from his personal email account. Michelle contacts her IT department and verifies that the company's networking specialists could capture the personal email communications that Jerry sends and receives using company equipment. Michelle is torn, however, since such an act would violate company policy. At the same time though, Michelle is concerned for the potential damage Jerry might inflict on Polar Health and, given his unstable temper and egotistical stance, the potential danger he may pose to her or other executives in the company. Critical Analysis 1. If Michelle violates the company privacy policy and it turns out that Jerry was not planning anything serious, under what circumstances would he be able to sue the company for violation of his privacy? Why or why not? 2. What steps should Michelle take to effectively deal with Jerry? (These steps need to fall within statutory law and ethical standards of the organization.) Explain your rationale for each step Michelle should take. 3. As you look back at your career, think about the various situations you have encountered that may have had an ethical component of which you were not conscious at that time. Since hindsight is 20/20, how would you respond differently based on this course? Describe the situation and how you reacted at that time. 4. Based on your experiences describe how you will go about managing your employees differently in the years to come.

As the layoffs progressed in Michelle Wong's department, things did not go very smoothly. Despite repeated assurances that Polar Health will take care of the laid off employees, give them up to two months notice to prepare their exit, provide six months of free medical coverage, and pay for additional training and an additiona

Rawls Principles of Justice & Nozick's View of Libertarianism

1. Contrast John Rawls' two principles of justice. 2. Elaborate the ethical issues involved in advertising such as means of persuasion and deceptive advertising. 3. Explain, compare, and contrast any two of the four prominent theories of justice. 4. Thomas Donaldson and Lee Preston have identified three uses of the stak

adhere to AICPA ethical standards

Do you think it would be sufficient to include a statement that you will adhere to AICPA ethical standards or actually spell out those standards? What are the pros and cons of each approach?

What are the legal questions and ethical dimensions of monitoring employees' use of the Internet during working hours? Does your organization have a policy on this and, if so, what does it state? What are the employees' rights? What are some of the key points of a good policy regarding the use, and monitoring of the use, of the Internet in the workplace?

What are the legal questions and ethical dimensions of monitoring employees' use of the Internet during working hours? Does your organization have a policy on this and, if so, what does it state? What are the employees' rights? What are some of the key points of a good policy regarding the use, and monitoring of the use, of the

CFO candidate honesty

Integrity, especially honesty, is trait number one for being hired as a CFO in corporate America today. How might you assess a job candidate's honesty if were interviewing a potential CFO candidate?

Business enterprises

1, determine if hacking into a Web site is ever justifiable, applying your theory to a real world case in which someone hacked into a system, including the name of the company and detail. 2, Create a corporate ethics statement for a computer security firm that would allow or even encourage activities like hacking. 3, Discuss i

1. All of the following are ways to enhance emotional intelligence EXCEPT: a. Taking responsibility for your life b. Taking a course in public speaking. c. Having excellent planning and organizing skills. d. practicing meditation or yoga 2. Contingency approaches can best be described as: a. Leadership styles that seek to delineate the characteristics of situations. b. Leadership styles appropriate for one situation which may not work in another. c. Leadership traits or behaviors that can improve performance in all situations. d. Both a and b. 3. A key component of Leadership is : a. Being emotionally connected to others. b. Understanding how emotions affect working relationships. c. Both a and b above. d. Regarding assumptions as truth. 4. ----------------------------- includes the ability to control disruptive, unproductive, or harmful emotions and desires. a. Authoritarian management. b. Mentoring. c. Self - management d. Charismatic leadership. 5. The importance of motivation is: a. It can lead to high performance within organizations. b. It can help satisfy followers needs. c. High employee motivation can lead to company profits. d. All of the above. 6. Reasons for empowerment do not include: a. Greater self - efficacy b. Decreased job responsibility. c. An understanding of how jobs are important to the organizational mission. d. Greater intrinsic satisfaction with the work. 7. A key component of Leadership is : a. Being emotionally connected to others. b. Understanding how emotions affect working relationships. c. Both a and b above. d. Regarding assumptions as truth. 8. An important element of systems thinking is to discern circles of causality because: a. Managers can guide the system when they understand it conceptually. b. Problems are solved by breaking them down into discrete pieces. c. Each piece adds to the success of the whole. d. Relationships between the parts of the system are unimportant. 9. Moral Leadership is about all EXCEPT: a. Distinguishing right from wrong. b. Taking away from others to enhance oneself. c. Reward ethical conduct. d. Seeking the just and the honest in practice.

1. All of the following are ways to enhance emotional intelligence EXCEPT: a. Taking responsibility for your life b. Taking a course in public speaking. c. Having excellent planning and organizing skills. d. practicing meditation or yoga 2. Contingency approaches can best be describ

Ethical Principles

Discuss the eight ethical principles in the Global Business Standards Codex. Using these principles, describe an example of a company that does follow one of these principles, and then describe an example of a company that does not follow one of these principles.

hiring ethical individuals

Identify an approach that is taken by an employer to ensure that ethical individuals are hired into the organization. In your opinion, what is the single most important thing an organization can do to ensure they hire the most ethical individuals? Can ethical violations ever be completely eliminated within an organization? Why o

Ethical or legal issues in expressed and implied warranties

What ethical or legal issues do you see in the way in which companies handle warranties, both expressed and implied? Share your knowledge and experiences about cases in which a person had to rely on either on a warranty to enforce rights as a consumer or on a warranty disclaimer to protect against liability? Also, share your exp

Ethical Management: The Lemming Approach

Please help with the following problem. "The lemming approach entails identifying certain behaviors by executives in corporations that lacks ethical management, and show how current management practice is problematic because it violates some precepts that has shown to be theoretically and empirically important." The issue wi

CEO minimizing unethical business and marketing practices

With the memory of the many companies showing poor judgment and poor ethics, such as B&P, Toyota, Enron, WorldCom, Arthur Andersen, and others fresh in your mind, you have been asked to advise your company's CEO on to how to minimize the risk of a similar event occurring at your company. What recommendations would you make t

You are considering opening a kiosk in the mall that will sell customizable aprons. You need to borrow money from the bank to get the business started and estimate that you will need approximately $20,000. The bank would like you to prepare an estimated profit statement showing what the expectations of the company are. You will pay $6 for the aprons and will sell them for $10. You estimate that you can sell 1,000 aprons per month. The cost of paint and supplies to customize the shirts will be $1.00 per apron. The cost of rent on the kiosk will be $500.00 per month. Utilities will be $200.00 per month. Wages of workers will be $1000.00 per month. Calculate the estimated profit of your company for the first year of operation. Calculate the estimated profit of your company for the first year of operation. 2. During 2002, Enron Corporation hid large liabilities from its balance sheet. WorldCom admitted to recording expenses as assets. Both companies tried to improve their financial appearance by window-dressing their financial statements. Is this an ethical issue? If yes, what is the ethical issue? Provide mini history on these two companies. 3. You are an accountant working for an advertising agency and you are working on the adjusting entries for the year ending December 31st. You notice that the prepaid insurance account is too high, because the policy has now been used up based on time. You paid for another year on January 1st, so the December 31 balance did not require any adjusting. Is this accurate and what effect will this type of behavior have on the financial statements.

1. You are considering opening a kiosk in the mall that will sell customizable aprons. You need to borrow money from the bank to get the business started and estimate that you will need approximately $20,000. The bank would like you to prepare an estimated profit statement showing what the expectations of the company are. You wi

Attached is a small Case Study. If you culd read it over and help me to anawer the followmg question it would hep me out quite a bit!! List all the political tactics that you think were used by the various parties involved in the case. Explain why you classify these as "political tactics"

Agee's appointment of Mary Cunningham could be seen as a political tactic. She is young and she is a woman. This increases Agee's "stock" among the young employees and the female employees. She is "new blood" and could signify his intent to keep the company on the cutting edge rather than have it become fossilized. The rum