business ethic

Business Ethics

Consider the following questions from your studies in business ethics.  Use your own words and go into some detail when responding to each question; a 3-4 sentence response should be sufficient for most questions; feel free to single-space. You may refer to your notes from lectures, discussions, our text, and outside resources, but I am looking for your individual analysis in every response. Make sure to focus your responses on the ethical aspects of the issue in question and respond to all parts of the question directly. (Most questions require a brief explanation of the concept plus your ethical analysis). Be sure to state your reasons “Why” and back up your claims with good reasoning   Remember to use your own thoughts, words, examples… This assignment is a skills assessment, so show me what you know! Additional tips: Avoid repeating information from one response to another. Do not use materials you have previously submitted in the course. Pay attention to the # of items requested, (e.g. “concerns” requires more than one). There is not much need to research external material online, as I am interested in your original thoughts. Exercise extreme caution in avoiding plagiarism on this assignment, as the consequences are severe. Finally, when in doubt, don’t spend hours looking for the answer in your text or notes — use your common sense! Each question is worth one point; a total of 10 points can be earned. Submit your exam via the Drop Box (“Assignments”) on the course D2L site or, if you have technical difficulties, as an attachment to an email to patricia.diamond@metrostate.edu

  • Explain the basic process of ethical decision-making. What constitutes an ethical claim?

 

  • What are the fundamental issues and concerns at the basis of the study of business ethics?

 

  • How can the theory of Duty Ethics best inform the process of ethical decision-making in business?

 

  • How can the theory of Utilitarianism best inform the process of ethical decision-making in business?

 

  • What sort of goals/obligations should businesses hold beyond maximizing financial return on investment for shareholders?

 

  • What do you make of Friedman’s views on the use of funds allocated for the maximization of profits for socially responsible activities?

 

 

  • Can you make an argument that Stakeholder theory is a morally superior method of conducting business?

 

  • Discuss how the ethical principle of not using others as a means to an end serves as a starting point in establishing guidelines for conducting business globally.

 

 

  • What is the proper role of government in regulating corporate activities in light of changing climatic conditions?

 

  • What might hinder a company’s willingness to comply with its own stated values?
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