Scenario 1 (Ethics): You are a member of the board of directors of a large mining company that is considering opening a new mine in a developing country. The mine is expected to generate significant profits for the company and create jobs in the local community. However, there are concerns about the potential environmental and social impacts of the mine, including water pollution and displacement of local communities.

Conduct a cost-benefit analysis of the proposed mine using utilitarian theory. Your analysis should consider the potential economic benefits of the mine for the company and the local community, as well as the potential environmental and social costs (cost benefit analysis by following steps mentioned in the course clearly).

Identify any moral disengagement mechanisms that may be at play in the company's decision-making process. Consider factors such as diffusion of responsibility and moral justification.

Develop a plan for addressing the potential environmental and social impacts of the mine. Your plan should include measures to prevent or mitigate water pollution and address any other potential impacts.

Consider the role of locus of control in the company's decision-making process. How might a strong internal locus of control lead to more ethical decision making in this context?

Answer rating: 100% (QA)

CostBenefit Analysis of the Proposed Mine 1 Economic Benefits The mine is expected to generate significant profits for the company leading to increase... View the full answer