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Business Ethics in a Scenario

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Scenario: You are the first person to arrive in your classroom and as you sit down you notice an iPod on the floor underneath the adjacent seat. You pick it up and turn it on. It works fine and even has some of your favorite music listed. You realize that you are the only one in the room and no one will know if you keep it. You see other students entering the room so you place the iPod on the floor next to your belonging. You will have the whole class period to decide what to do.

What are the key facts that you should consider before making a decision, as either the person who discovered the iPod, the friend, or the judicial board member?

Is this an ethical issue? What exactly are the ethical aspects involved in your decision?

Who else is involved, or should be involved, in this decision? Who has a stake in the outcome?

What alternatives are available to you? What are the consequences of each alternative?

How would each of your alternatives affect the other people you have identified as having a stake in the outcome?

Where might you look for additional guidance to assist you in resolving this particular dilemma?

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Hello. I provide the following information to assist you in formulating your response:

1. What are the key facts that you should consider before making a decision, as either the person who discovered the iPod, the friend, or the judicial board member?

2. Is this an ethical issue? I believe that this is an ethical issue, as well as a moral issue. There is a difference but I believe the same are intertwined. Is it ethical in your society to steal another person's belongings? If not, then you are not being ethical. You know right from wrong. You know that keeping the iPod is not the right thing to do. Otherwise, why would you hide the fact that you are looking at it when other class members walk into the class?

What exactly are the ethical aspects involved in your decision? The ethical aspects are if you are taking an item, to benefit yourself, and not to benefit another individual (hence gaining an edge that is in violation of specific rules), ...

Solution Summary

Business ethics in a scenario is examined. The additional guidance to assist you in resolving a particular dilemma is determined.

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Business Ethics:

Iroquois Brands, LTD., a Delaware corporation, had 78$ million in assets, $141 million in sales, and $6 million in profits. As part of its business, Iroquois imported pate de foie gras (goose pate) from France and sold it in the U.S. Iroquois derived $79,000 in revenue from sales of such pate. The French force-fed the geese from which the pate was made. Peter C Lovenheim, who owned 200 shares of Iroquois common stock, proposed to include a shareholder proposal in Iroquois annual proxy materials to be sent to shareholders. His proposal criticized the company because the force-feeding caused "undue stress, pain and suffering" to the geese and requested the shareholders vote to have Iroquois discontinue importing and selling pate produced by this method.

Iroquois refused to allow the information to be included in its proxy materials. Iroquois asserted thats its refusal was based on the fact that Lovenheims proposal was "not economically significant" and had only "ethical and social" significance. The company reasoned that because a corporation is an economic entity, only an economic test applied to its activities, and Iroquois was therefore not subject to an ethical or a social responsibility test. Lovenheim v. Iroquois Brands, Ltd, 618 F.Supp 544, Web 1985 U.S. Dist. Lexis 21259 (United States District Court for the District of Columbia)

1. Is Iroquois correct? Should only an economic test be applied in judging the activities of a corporation?

2. Should a corporation also be subject to a social responsibility test other than profit making when conducting business? Explain.

3. Should shareholders be allowed to challenge the decisions of corporate directors?

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