Beyond the miners , their families , investors and the Peruvian government , are there other stakeholders that you must consider in the decision - making process ? Why ? What are the ethical implications ?
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Beyond the miners , their families , investors and the Peruvian government , are there other stakeholders that you must consider in the decision - making process ? Why ? What are the ethical implications ?
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- It is! With ethical questions in business, you can weigh different factors and consider: How the decision might affect the common good of society at large and the greatest moral virtues: prudence, temperance, courage, and justice. How the decision might affect our stakeholders and profitability; whether the decision is consistent with our company's values; and how the public would react if they found out about our decision.How can one make sure that all stakeholders are given due consideration in making business decisions? Is there a practical way to ensure this?What are the legal and ethical considerations in business decision-making, including issues related to corporate social responsibility, environmental sustainability, and fair labor practices?
- What is a company’s responsibility for its impact on the climate? For example, if operations in one country contribute to rising global temperatures that lead to greater floods in another country, how should the company respond? When a company operates in countries with lower cost, what are its obligations, if any, to the workers in those countries? What standards should it meet for pay rates? You have a job that you enjoy, and you work 40 to 45 hours per week. How much off-the-job volunteer work would you do? What kinds of volunteer work? How would you react if your boss made it clear he or she wants you to cut back on the outside activities and devote more hours to your job? What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? Give your opinions, specifically, with respect to the text examples. What is the current status of the Sarbanes-Oxley Act? What do executives think of it now? What impact has it had?Describe the utilitarianism, rights, fairness or justice,common good, and virtue approaches to ethical decision making. What is ethical relativism?What environmental factors and risks must be considered in the company's decision-making process?
- what are your thoughts in the implementation of open government? If “open government” is now in use during this pandemic crisis, what will be its advantages to the citizens and the government?Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…Ethical codes serve as the moral compass guiding individuals and organizations in navigating the complexities of ethical decision-making. These codes are rooted in fundamental principles such as integrity, honesty, fairness, and respect for others. They provide a framework for behavior and decision-making, ensuring that actions align with ethical values and principles. In professional settings, ethical codes outline the responsibilities and obligations of individuals towards clients. colleagues, employers, and society at large. For example, in healthcare, etifical codes dictate the duty of healthcare professionals to prioritize patient well-being, maintain confidentiality, and uphold the highest standards of care. Similarly, in business, ethical codes emphasize integrity in dealings with clients, suppliers, and competitors, as well as social responsibility and environmental sustainability. Ethical codes are not merely abstract guidelines; they are practical tools that help individuals…
- Discuss how the four phases of systemic inquiry could be applied to solve the following problem: Start-up companies in Namibia generally do not have access to sufficient start-up capital.Are the large drug companies guilty of price gouging or of charging an unfair or exploitative price for their products? Should Americans be permitted to import drugs from Canada or other countries? Assess the motivations of drug companies that do their testing overseas. Do you think test subjects are being exploited or taken advantage of? Under what circumstances, if any, are companies morally justified in testing overseas?Consider the practice of factory farming. What are some of the economic, environmental, and ethical issues related to the modern system of meat production? Should the government increase regulation of factory farming for the benefit of animals? Why or why not? Explain your answer by using ethical reasoning and/or theory.