Business Ethics Chapter 3

In: Business and Management

Submitted By jojochannel91
Words 564
Pages 3
Chapter 3 ethical dilemma
Jackie did not know the relationship she was having with Curtis was considered illegal at her record company until after it was too late. I feel as though someone within the company should have told her that beforehand. However, her personal relationship rises more than a few ethical issues presented in this chapter. To begin, her lack of integrity, Integrity is defined as being whole, sound, and in an unimpaired condition. Had Jackie used integrity before continuing her relationship with Curtis, she would not be the sexual harassment and bullying that is undeserved to her. Once Jackie found out that Curtis had been carrying on with Leslie, a woman who worked in the legal department, and decided to break their relationship off she now had to deal with the abusive behavior that Curtis purposely put on her.
If Jackie had acted earlier on before the situation got ugly I believe she definitely could have lifted a huge weight off her shoulders. She could always leave but since Curtis literally holds her singing career in his hands, her career is done before it even started. Personally, I think she should bring in lawyers and have them deal with Curtis because the legal department is obviously not backing her up in the situation either. If she does take legal action and wins, Jackie can easily move on with her life and her career. However, if she loses in this legal action, working at SDR would literally be a living nightmare and she will stifled for years to come, even if she tries to leave the record company.
Is Curtis in violation of sexual harassment and/or discrimination laws? In the beginning, no he was not. He and Jackie consented to a dual relationship, which is defined as a personal, loving, and/or sexual relationship with someone with whom you share professional responsibility with. Eventually that dual relationship turned into an…...

Similar Documents

International Business Case Study End of Chapter 3

...International business Case Study end of chapter 3 9/17/12 1. Collectivism and individualism, democracy and totalitarianism, rule of law and rule of man: what do these concepts say about the IPRs of software and the legitimacy of its protection? Software technology was facing problem of digital piracy. Software piracy is the illegal distribution and copying of software for personal and business use. In USA software is automatically protected by federal copyright law from the moment of its creation. US copyright act grants the copyright owner “the exclusive right to protect the copyrighted work” and to distribute the copies of it. According to US federal law copyright infringement is illegal and punishable. But worldwide software piracy is very high and the penalty is very less for it. Software maker, organization, companies have to bare billions of dollars losses every year. 2. Can the software industry control software piracy without government help? Why would it dislike greater government regulation? Yes, the software industries do have the ability to control software piracy without relying on government. Companies like Adobe and Symantec took initiative to create awareness to public about the illegal copying of software’s. The other companies such as Microsoft also took initiative to control software piracy. They hired former federal and police investigator, stages software strings relayed information to prosecutors and took legal action against thousands of...

Words: 498 - Pages: 2

Chapter 3—Electronic Business (E-Business) Systems

...DEFINE E-BUSINESS. Is the application of networks including the internet to exchange information and link business processes among organizations and/or individuals. These processes include the interaction between the back-office and the front-office processes. DESCRIBE HOW TECHNOLOGY HAS SUPPORTED AMAZON.COM’S GROWTH. has grown because it has used technology to enhance the company’s value chain and to satisfy customers’ needs. It had innovated technology that allows a customer to shop at one location for many different items without burdening the with the inventory-carrying expenses of traditional retailers. It has also innovated the collection and analysis of customer purchase data. By offering a wide variety of books online and having the procurement and delivery system in place satisfy orders in a timely manner; it has been able to grow substantially. These provided a competitive advantage in the online retailers’ marketplace. DESCRIBE THE ACTIVITIES ASSOCIATED WITH THE MANUAL ACCOUNTING SYSTEM. The following activities are associated with the manual accounting system. First is to journalize the business event in a book of original entry. The second activity is to post the business event from the journal to the subsidiary ledger. Third, is to post the total from the journal to the general ledger. Finally, is to summarize the business events by preparing a ......

Words: 2202 - Pages: 9

Ethics Chapter 3

...CHAPTER 3 Emerging Business Ethics Issues Chapter Objectives • To define ethical issues in the context of organizational ethics • To examine ethical issues as they relate to the basic values of honesty, fairness, and integrity • To delineate abusive and intimidating behavior, lying, conflicts of interest, bribery, corporate intelligence, discrimination, sexual harassment, environmental issues, fraud, insider trading, intellectual property rights, and privacy as business ethics issues • To examine the challenge of determining an ethical issue in business Chapter Outline • Recognizing an Ethical Issue • Ethical Issues and Dilemmas in Business • The Challenge of Determining an Ethical Issue in Business Recognizing an Ethical Issue • An ethical issue is a situation or a problem that requires thought, discussion, or investigation to make a decision • Failure to do so puts corporations at great risk Honesty • Honesty: Truthfulness or trustworthiness • Dishonesty: A lack of integrity, incomplete disclosure, or an unwillingness to tell the truth Fairness and Integrity • Fairness: The quality of being just, equitable, and impartial – Equality – Reciprocity – Optimization • Integrity: One of the most important terms regarding virtue. It means uncompromising adherence to ethical values Ethical Issues and Dilemmas in Business • An ethical issue is a problem or opportunity that requires an individual or group to choose among actions that are evaluated as......

Words: 693 - Pages: 3

Business Math Chapter 3 Questions

...Chapter 3 Problems Valuing Decisions 1. Honda Motor Company is considering offering a $2000 rebate on its minivan, lowering the vehicle’s price from $30,000 to $28,000. The marketing group estimates that this rebate will increase sales over the next year from 40,000 to 55,000 vehicles. Suppose Honda’s profit margin with the rebate is $6000 per vehicle. If the change in sales is the only consequence of this decision, what are its costs and benefits? Is it a good idea? 2. You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2 million Czech koruna today in exchange for a year’s supply of frozen shrimp. Your Thai supplier will provide you with the same supply for 3 million Thai baht today. If the current competitive market exchange rates are 25.50 koruna per dollar and 41.25 baht per dollar, what is the value of this deal? 3. Suppose the current market price of corn is $3.75 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3 gallons of ethanol. If the cost of conversion is $1.60 per bushel, at what market price of ethanol does conversion become attractive? 4. Suppose your employer offers you a choice between a $5000 bonus and 100 shares of the company stock. Whichever one you choose will be awarded today. The stock is currently trading for $63 per share. a. Suppose that if you receive the stock bonus, you are free to trade it. Which form of the bonus should you choose? What is its value? b. Suppose that if......

Words: 1630 - Pages: 7

Understanding Business- Quiz 3- Chapters 7-9

...Understanding Business, Tenth Edition, Nickels/McHugh/McHugh Chapter 7- Management and Leadership 1. What does management look like today? Management differs today than it did in the past. In the past, managers were considered “bosses” and their job mostly consisted of giving employees orders, monitoring performance and reprimanding unproductive behavior and misconduct. Many managers still manage employees in such fashion; however, some managers now tend to be more proactive and have changed managerial functions for the betterment of company operations and performance to accomplish organizational goals. Effective management for company success now entails guiding, training, supporting, motivating and coaching employees verses just demanding what work should be accomplished. Budding managers that are entering management positions today are much different than those who entered in the past. Management potentials now are more educated, qualified, skillful, adaptable, cultured and creative. 2. What are the primary functions of management? Management is the process used to accomplish organizational goals through planning, organizing, leading and controlling people and other organizational resources. (1) Planning- anticipating trends and determining the best strategies and tactics (2) Organizing- designing the structure of the organization and creating conditions and systems in which everyone and everything work together (3) Leading- creating......

Words: 1181 - Pages: 5

Chapter 3 E-Business

...CHAPTER 3: REVIEW QUESTIONS RQ1. Promoting products on the Web is different from using media promotion or personal contact. Assume that you want to explain these differences to a person who is planning to open a Web site that will sell snowboarding vacation packages. Write one paragraph about each approach (mass, media, personal contact, and the Web). In each paragraph, explain the advantages and disadvantages of the approach for the snowboarding vacation package Web business. Answer: In the personal contact model, the firm’s employees individually search for, qualify, and contact potential customers. This professional contact approach to identifying and reaching customers is sometimes called prospecting. In the mass media approach, firms prepare advertising and promotional materials about the firm and its product or services. They then deliver these messages to potential customers by broadcasting them on television or radio, printing them in newspaper or magazines, posting them on highway billboards, or mailing them. The Web gives you flexibility to use a one to one model (as in the personal contact model0 in which you communicate over the Web with an individual working for the seller, or engage in many to many communications with other potential buyers. The defining characteristic of a product information search on the Web is that the buyer actively participates in the search and controls the length, depth, and scope of the search. RQ2. In two paragraphs, explain why...

Words: 2271 - Pages: 10

3 Business Ethics Examples

...3 Business Ethics Examples Here are 3 principles that form the basis of business ethics, and are what you need to hold yourself accountable to: Loyalty You need to be loyal to both your company, your team and yourself, while operating within a strong moral compass. If you demonstrate your loyalty it builds trust, and shows that you place a high value on advancing the interests of both the company and your colleagues. You should not ever place loyalty above your other principles, or use it as an excuse for unethical behavior. Demonstrate your loyalty but always make an independent judgment, and never use information that you have gained in confidence for your own personal advancement. Steer clear of conflicts of interest, and if you ever decide to leave your company do it on the best of terms. Give reasonable notice, respect any information that was gained in your former employer, and never engage in activities that take advantage of a previous position that was held. Fair In all of your actions, you must strive to be fair and just. An ethical executive is committed to fairness in all that they do, and do not seek to exercise their power for an unfair advantage or use indecent methods to gain a competitive edge. They also never take undue advantage of another person’s difficulties and mistakes. Being an ethical executive means that you are committed to being fair, employ justice in your decisions and treat all people equally, with tolerance and acceptance of diversity.......

Words: 366 - Pages: 2

Agricultural Business Feasibility Study (Chapters 1-3)

...Chapter 1: BUSINESS CONCEPT A) Business Name The mushroom culture is already gaining its popularity in Pangasinan, Philippines, specifically in Urdaneta City. As a vegetable, it is being added as one of the ingredients in some of Pangasinan delicacies. However, due to lack of planting materials and knowledge, the production of mushrooms is still limited. With a lot of suggestions about the name of the business, the researchers have decided as a group to use MousseronFarm. The word mushroom originated from a Late Latin word mussirio which means "of obscure origin"then was later adopted as an Old French word mousseron from the root word mousse which means "moss". From that Old French word, the name of the business was derived. A mushroom is defined as a macrofungus with a distinctive fruiting body. The macrofungi have fruiting bodies large enough to be seen with the naked eye and to be picked up by hand (Chang and Miles, 1992). In a narrow sense, the word mushroom also refers only to the fruitbody.Mushrooms used to be classified into the Kingdom Plantae, but now they belong to the Kingdom Fungi due tounique fungal characteristics which draw a clear line from animals or plants. Unlike green plants, mushrooms areheterotrophs. Not having chlorophyll, they cannot generate nutrients by photosynthesis, but take nutrients from outer sources. B) Business Offering 1) Properties “Mushrooms are small living organisms that look like umbrellas. They are not plants...

Words: 6762 - Pages: 28

Chapter 1 Business Ethics

...BMB2033: BUSINESS ETHICS AND VALUES Course Leader: Shaharudin Yunus COURSE NOTES TOPIC 1: Fundamentals of Values, Ethics and Morality LEARNING OBJECTIVES At the end of this chapter, you will be able to: Define values List the sources of value Identify the roles of values in decision-making Identify the definition of ethics Identify the nature of ethical reasoning Identify the concept of ethical standards and judgement Define morality Identify the various phases of Kohlberg's theory of moral development Identify the differences between ethics and morality Identify the similarities between ethics and morality Identify the basic unification of ethics, values and morality NATURE OF VALUES 1.1.1 Definition A small company has just employed Rizal as a marketing executive. As a fresh graduate, Rizal feels enthusiastic about the job and is determined to be a good worker. On the first day of work, new employees were briefed on how work is done. At that point, Rizal realized that some of the company's marketing strategies somewhat deceived the customers. This is just one example of ethical issues in business that we will look at in this course. Values, ethics, and morality are three concepts used in discussing 'Business Ethics and Values'. We will see how they should be applied in businesses. However, in this section, we will discuss values first. Values are defined as fundamental principles or enduring beliefs about the most desirable conditions......

Words: 5857 - Pages: 24

Chapter 3

...Chapter 3 Analyzing the Marketing Environment 1) You are directed to study the actors close to the company that affect its ability to serve its customers-departments within the company, suppliers, marketing intermediaries, customer markets, competitors, and publics. What are you studying? A) the macroenvironment B) the microenvironment C) the marketing environment D) the demographic environment E) the global environment Answer: B Diff: 1 Page Ref: 66 Skill: Concept Objective: 3-1 2) Which of the following terms is used to describe the factors and forces outside marketing that affect marketing management's ability to build and maintain successful relationships with target customers? A) the marketing environment B) the cultural environment C) strategic planning D) target markets E) the marketing mix Answer: A Diff: 1 Page Ref: 66 Skill: Concept Objective: 3-1 3) You are directed to study the demographic, economic, natural, technological, political, and cultural factors that are larger societal forces affecting your company. What are you studying? A) the macroenvironment B) the microenvironment C) the external environment D) the marketing mix E) the global environment Answer: A Diff: 1 Page Ref: 66 Skill: Concept Objective: 3-1 4) Which of the following is NOT a type of factor in a company's macroenvironment? A) demographic B) economic C) technological D) competitive E) political Answer: D Diff: 1 Page Ref:......

Words: 9613 - Pages: 39

Business Ethics and Corporate Social Responsibility Chapter Objectives

...CHAPTER 2 Business Ethics and Corporate Social Responsibility CHAPTER OBJECTIVES 1 Explain the purpose of paying for whistleblowers. 2 Define ethics and describe sources of ethical guidance. 3 Discuss attempts at legislating ethics. 4 Explain the importance of creating an ethical culture, describe a code of ethics, and support the importance of linking pay to ethical behavior. 5 Explain human resource ethics and describe ethics training. 6 Describe the concept of corporate social responsibility. 7 Explain why everyone is not on board with regard to corporate social responsibility. 8 Explain corporate sustainability. 9 Describe a social audit. 10 Describe possible difficulties for corporate social responsibility to succeed in the global environment. KEY TERMS Ethics: Discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. Human resource ethics: Application of ethical principles to human resource relationships and activities. Profession: Vocation characterized by the existence of a common body of knowledge and a procedure for certifying members. Corporate social responsibility (CSR): Implied, enforced, or felt obligation of managers, acting in their official capacity, to serve or protect the interests of groups other than themselves. Social audit: Systematic assessment of a......

Words: 3911 - Pages: 16

Chapter 3

...GENERAL Legal Concepts ɀ Perform within legal and ethical boundaries ɀ Prepare and maintain medical records ɀ Document accurately ɀ Follow employer’s established policies dealing with the health-care contract ɀ Implement and maintain federal and state health-care legislation and regulations ɀ Comply with established risk management and safety procedures ɀ Recognize professional credentialing criteria CHAPTER OUTLINE ɀ ɀ ɀ ɀ Medical Law and Ethics OSHA Regulations Quality Control and Assurance Code of Ethics ɀ HIPAA ɀ Confidentiality Issues and Mandatory Disclosure OBJECTIVES After completing Chapter 3, you will be able to: 3.1 Define ethics, bioethics, and law. 3.2 Discuss the measures a medical practice must take to avoid malpractice claims. 3.3 Describe OSHA requirements for a medical office. KEY TERMS abandonment agent arbitration assault authorization battery bioethics breach of contract civil law contract crime criminal law defamation disclosure durable power of attorney electronic transaction record ethics expressed contract felony fraud implied contract law law of agency liable living will malpractice claim misdemeanor moral values negligence Notice of Privacy Practices (NPP) Privacy Rule protected health information (PHI) Security Rule subpoena tort treatment, payments, and operations (TPO) uniform donor card use void 37 ram4577X_ch03.qxd 4/16/04 11:50 Page 38 OBJECTIVES......

Words: 15296 - Pages: 62

Business Driven Technology Chapter 3 Homework

...formula. 3) How can a CRM system help communicate issues in the supply chain? Customer relationship management involves managing all aspects of a customer relationship within an organization to increase customer loyalty, retention and organizations profitability. Customer contact is often one of the first signs of issues with product quality once the product has reached market. Because a CRM system can track a customer complaint, a company can use the CRM system to help pinpoint the quality issue within the supply chain. Understanding where complaints are originating, with what products and what the issues are can quickly uncover product problems for a company and those issues can be isolated to a specific supplier within the supply chain. 4) How could BPR help uncover issues in a company’s supply chain? Business process reengineering is the analysis and redesign of workflow within and between enterprises. The purpose of BPR is to make all business processes the best in class. New information technology, including the ability for people throughout the supply chain to communicate in real time and the ability for controls and monitoring to be instituted throughout the supply chain, is often a driver of process reengineering within the organization. By reengineering work flows with better quality controls within the production process companies can more easily uncover issues within the supply chain at their source. Through breaking down the processes of the business and......

Words: 652 - Pages: 3

Business Chapter 3 Edition 17

...ASSIGNMENT #2 (CHAPTER 6) READ THE CHAPTER THOROUGHLY BEFORE ANSWERING THE QUESTIONS. PROVIDE ADEQUTE EXPLANATIONS TO YOUR ANSWERS. ANSWERS SHOULD NOT BE COPIED FROM ANOTHER SOURCE. PART I Explain Key terms of page 166 with proper explanations. PART II Select the correct answer (You can high light) 1. A business plan is best described as a a. | crystal ball picture. | b. | money plan. | c. | contingency plan. | d. | game plan. | 2. The primary outside users of business plans are a. | employees. | b. | investors and lenders. | c. | customers. | d. | government agencies. | 3. Which group would be the most interested in a business plan for a new venture? a. | Customers | b. | Lenders | c. | Supervisors | d. | The Internal Revenue Service | 4. Jill is writing a business plan for a small home based operation. If well written, the business plan will assist her in determining if a. | the business aligns with personal goals. | b. | an investor would be a perfect fit for the proposed company. | c. | suppliers can be found for the operation. | d. | outsiders can be made into insiders. | 5. The document that assists an entrepreneur and the management team focus on important issues and activities is a. | the organization chart. | b. | the budget. | c. | the sales analysis. | d. | the business plan. | 6. A business plan a. | is best for telling insiders about the company. | b. | is more......

Words: 2471 - Pages: 10

Ethic Chapter

...The issues of moral responsibility is highlighted from the beginning in the books of ethics. Every field of life has moral aspects. Chapter 6 focuses on ethics and manufactures product liability towards consumer. Product Liability Law refers to the manufacturers and seller's legal liability to pay damages for buyers, users and even bystanders because of the defects in goods purchase As the Product Liability Law states, if a product did not have a proper and adequate warning, anyone can sue the manufacturer of the product because that can be a cause of some injuries. Product liability claims are often based on warranty law,misrepresentation,negligence etc. According to Due care theory it is the obligation of the manufacturer to save the consumer from any harmful effects. Since manufacturer have greater knowledge about the products and their side effects so they have a special obligation to take special care and make sure that consumers are not harmed by the product. For example an ordinary person who have no expertise in chemistry and who has never use chemicals before in his life needs a tough bathroom cleaner and he has to do all the work alone. There is no one help him. Suppose he is properly warned about the potential hazards of use of that chemical and that the chemical is only as dangerous as it needs to be to achieve its task. Now the question arises what is the liability and duty of the manufacturer in this case? For the safety of the consumer it is the......

Words: 471 - Pages: 2