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Business Ethics

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

Difference Between Positive and Normative Economics

What is the difference between positive and normative economics? Which is more prevalent in today's economies? Why? What role, if any, does ethics play in positive economics? What role do ethics play in normative economics?

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

Differences in Ethics Codes between Businesses and Non-Profits

Problem: How should a code of ethics differ when written for a business versus a non-profit organization? How should it differ when written for a service organization versus one that produces tangible products. How should a code of ethics differ when written for a business versus a non-profit organization? How should it diff

What happens when ethical behavior is compromised?

Ethics includes the moral values, beliefs, and rules that establish the right or appropriate ways in which one person or stakeholder group should interact with another. How is organizational ethics is a product of societal, professional, and individual ethics. What happens when ethical behavior is compromised?

In recent news, a well known comedian/actor was recently terminated from AFLAC Insurance Company. Gilbert Gottfried was the voice of the organizations character duck that quacked the name "Aflac" during their commercials. Unfortunately, the actor/comedian made a few negative comments via Twitter about the recent tragedy in Japan, in a somewhat joking manner. The organization however, did not think the tragedy in Japan was anything to joke about, especially during a precarious time of destruction that leaves an entire country destitute. As a result of the comedian's ill-placed sense of humor, he was immediately terminated. "In a company statement released Monday (3/14/11) night Aflac said, 'Gilbert's recent comments about the crisis in Japan were lacking in humor and certainly do not represent the thoughts and feelings of anyone at Aflac. Aflac will immediately set plans in motion to conduct a nationwide casting call to find a new voice of the iconic Aflac Duck.'"(Salt TV Network LLC., 2011). In some aspects determining what is and is not ethical behavior may depend upon an organizations value system and/or organizational code of conduct; it may also be the difference between what is thought of to be ethically right and/or ethically wrong. Some managerial leaders assume that if the questionable act that was committed is not illegal it could not be defined as being unethical, and in some cases this philosophy allows for a barrage of corruption to take root for the reason that most questionable actions are often swept under the rug.

In recent news, a well known comedian/actor was recently terminated from AFLAC Insurance Company. Gilbert Gottfried was the voice of the organizations character duck that quacked the name "Aflac" during their commercials. Unfortunately, the actor/comedian made a few negative comments via Twitter about the recent tragedy in Ja

Ethical behavior of celebrity endorsers in ads

Find one ad that displays what to be good ethical behavior by a celebrity endorser. Find another ad that displays what is perceive as poor ethical behavior by a celebrity endorser. Describe advertisements and comment on the ethical behavior involved.

Attached is a case study about a price-setting scheme used by GE...can you please help me answer the following. Just a good solid paragraph to help me expand in the right direction would be appreciated!! Apart from their legality, did the price-setting scheme set up in 1963 differ in any morally relevant ways from the earlier price-fixing schemes?

Attached is a case study about a price-setting scheme used by GE...can you please help me answer the following. Just a good solid paragraph to help me expand in the right direction would be appreciated!! Apart from their legality, did the price-setting scheme set up in 1963 differ in any morally relevant ways from the earlie

Create a code of conduct policy for your business

Can you help me get started with this? Part 1: Code of Conduct Create a code of conduct policy for your business. Assignment Checklist: 1. Prepare a framework, using concepts and values, for your Code of Conduct 2. Incorporate any legal, social and ethical principles under which you would want yo

MGT500 Legal & Ethical Aspects of Bus

Discuss your stance on the ethical issues at stake in corporate white collar crime. Justify your position by applying concepts from your research and text.

Ethical Responsibilities of the finance department at On Your Mark

You are the manager of the high school athletic team division of On Your Mark, a manufacturer of athletic equipment and apparel, which has recently gone through the initial public offering (IPO) process and has become a public company. On Your Mark has annual sales revenue of approximately $50 million and makes seven unique and

The Prisoner's Dilemma of Cooperation

A prisoner's dilemma is a situation where two parties choose to cooperate or not, and where both gain when both cooperate, but if only on cooperates the other gains even more, while if both do not cooperate both lose (Velasquez, 2006). Is the prisoner's dilemma relevant to business ethics? Why or why not?

Ethical Issues in the U.S. Health Care System

Outline a discussion with references on: Are ethical issues in the U.S. health care system evaluated and improved? Discuss the following: a) the background of the issue, including any significant changes over the last decade; b) the extent of the issue, including individuals/entities impacted; c) ways the issue will be af

Code of Conduct, Ethical Decision-Making & Adherence to Laws

- In reflecting on the limited international laws and regulations, briefly discuss some guidelines (principles and concepts) that you would have in your code of conduct (ethical/social responsibility policies). - Describe the ethical decision-making framework. (What will shape your code?) - In creating a code of conduct, w

Criteria Used in Applying Ethical Standards

Select two of the ethical dilemmas set forth in the Text on pp. 125-130 (see attachment). For each dilemma, attempt to determine what you would actually do if faced with this situation; and, given what you have read in this chapter, what you should do. If what you would do and what you should do are different, state why. Finally

Ethical Brain Trust- Event Management in Hospitality/Tourism

Evaluate the importance of the "ethical brain trust"concept in relation to Special Events Management in Hospitality and Tourism. The solution provides a few examples of common ethical issues that might arise and the benefit that an ethical brain trust can provide. There is one web recource provided for background and additi

Dilemma and Observation

1. Dilemma You are the purchasing manager of a midsize firm. You receive an invitation from one of your suppliers to attend a three-day, all-expenses-paid, informational seminar on new technologies in Miami, Florida. The session is located close to your best friend's home outside Miami. When you arrive at the seminar, it turns

Ethical Use of leftover campaign funds

Should there be additional and more severe limits on how retired politicians can use leftover campaign finances? If so, how should the leftover funds be used? Should those that receive political contributions from Torricelli, the lobbyist, refuse his contributions?

What are the ethical issues marketing infant formula in developing countries?

What are the ethical issues marketing infant formula in developing countries? Who has the responsibility in this case? What are the principles that should guide marketing? What are the ethical complexities in the situation? What role is research and science playing? Is there a parallel case you can cite that might raise similar

Global Information Technology

What are the impacts of information technology from the standpoint of legal, ethical, and regulatory concerns on global value chain management?