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business
understanding business ethics
Business Ethics Ethical Decision Making And Cases 10th Edition O. C. Ferrell, John Fraedrich, Ferrell - Solutions
What should be done to ensure large-scale fraud such as Ponzi schemes and pyramid schemes do not happen in the future? 785
Are information gathering techniques like Rajaratnam’s common on Wall Street? If so, what could regulators, investors, and executives do to reduce the practice? 586
What are the implications of sharing confidential material information? Is it something that would affect your decision about how to trade a stock if you knew about it? 478
Do you think the secret investigation and conviction of Rajaratnam and other people in the Galleon network will deter other fund managers and investors from sharing nonpublic information? 258
How has a commitment to corporate values contributed to Whole Foods’ success? 477
Describe how Whole Foods’ adoption of a stakeholder orientation has influenced the way it operates. 258
What are some ways that Whole Foods might have neglected certain stakeholders in the past? 586
Explain how Apple’s philosophy and organizational culture have impacted how it handles ethical decisions. 258
Why is Apple’s industry so competitive and how could this affect the ethical risk in Apple’s operations? 582
How do you think Apple has handled the various ethical issues that it has faced in the past? 586
How does PepsiCo balance those stakeholders such as consumers and shareholders interested in good tasting products and financial performance with special-interest groups and regulators that are more concerned about nutrition? 586
How effective do you think PepsiCo has been in responding to stakeholder concerns about nutrition and sustainability? 475
Do you think it is logical for PepsiCo to partner with nutrition and water conservation nonprofit groups since it received heavy criticism for unhealthy products and wasteful water practices? 158
How has David Pinder embraced ethical leadership to create an ethical culture at Cardinal IG? 478
How has Cardinal’s principles and values shaped the ethical behavior of employees? 586
How has Cardinal empowered its employees to practice responsible and accountable leadership? 589
Which is the National Advertising Division’s most important stakeholder, businesses or consumers? 589
Do you believe the BBB can be truly impartial given its financial dependence on businesses? 4785
What actions would you take to ensure an ethical misconduct disaster such as the pay for-play scheme does not happen again? 586
What are the differences between the provisions of the United States Foreign Corrupt Practices Act and the United Kingdom Bribery Act? 2569
Check for more recent situations where companies have been accused of violating the Foreign Corrupt Practices Act. Why do you think these companies chose to engage in bribery? 257
Why is it so difficult to determine when a minor gift, entertainment, or incentive constitutes a bribe? 369
Do manufacturers of products for children have special obligations to consumers and society? If so, what are these responsibilities? 145p
How effective has Mattel been at encouraging ethical and legal conduct by its manufacturers? What changes and additions would you make to the company’s Global Manufacturing Principles? pg5286
To what extent is Mattel responsible for issues related to its production of toys in China?How might Mattel have avoided these issues? pg586
Why do you think Best Buy has been able to gain competitive advantages in the retail electronics market while also driving many initiatives to support sustainability? pg582
Do you think the resources Best Buy dedicates to help consumers recycle their old electronic devices represent a good investment for Best Buy? pg586
How do Best Buy’s social responsibility efforts impact key stakeholders such as employees, shareholders, consumers, and suppliers? pg585
Are Smith’s Sodas’ marketing claims accurate and truthful? pg56
Discuss the justifications Louis uses to argue for the truthfulness of the company’s marketing claims. pg58
Assume there is a news story questioning the sustainability of Smith’s Sodas packaging. How should Keisha respond? pg69
Describe the ethical dilemma Jared faces. pg58
How does Jonathon rationalize his reasons for not reporting the pollution? pg58
How might the water pollution impact different stakeholders? pg25
Sustainability is the potential for the long-term well-being of the natural environment, including all biological entities, as well as the mutually beneficial interactions among nature and individuals, organizations, and business strategies. Yes No
The Environmental Protection Agency (EPA) deals with environmental issues and enforces environmental legislation in the United States. Yes No
Ethanol, fracking, and hydropower are all forms of alternative energy. Yes No
Greenwashing is a strategic process involving stakeholder assessment to create meaningful long-term relationships with customers, while maintaining, supporting, and enhancing the natural environment. Yes No
Stakeholder assessment is an important part of a high-commitment approach to environmental issues. Yes No
Ethical leadership is solely the concern of top management. Yes No
Ethical conflicts occur when there are two or more positions on an ethical decision. Yes No
The four types of communication are interpersonal, small group, nonverbal, and listening. Yes No
Transactional leadership strives to raise employees’ level of commitment and to foster trust and motivation Yes No
Discovery in the RADAR model involves proactively trying to uncover ethical risk areas that could lead to misconduct. Yes No
Most countries have a strong orientation toward ethical and legal compliance. Yes No
The self-reference criterion is an unconscious reference to one’s own cultural values, experience, and knowledge. Yes No
One of the critical ethical business issues linked to cultural differences is the question of whose values and ethical standards take precedence during international negotiations and business transactions. Yes No
Multinational corporations have identifiable home countries but operate globally. Yes No
Certain facilitating payments are acceptable under the Foreign Corrupt Practices Act. Yes No
Identify the issues Sophie has to resolve. lop5
Discuss the alternatives for Sophie. o55
What should Sophie do if company policy appears to conflict with the firm’s corporate culture? lop5
Business ethics focuses mostly on personal ethical issues. Yes No
Business ethics deals with right or wrong behavior within a particular organization. Yes No
An ethical culture is based upon the norms and values of the company. Yes No
Business ethics contributes to investor loyalty. Yes No
The trend is away from cultural or ethically based initiatives to legal initiatives in organizations. Yes No
Investments in business ethics do not support the bottom line. lop5
Why should Lael get involved in reporting if she has not experienced any of the allegations the other employees are making? ko45
What are some of the characteristics of Best East’s ethical culture that would create the current dilemma for Lael? mk5
What should Lael do to resolve her concerns? mk5
How should Demarco approach this issue when he meets with the tribal leaders? lop5
What should be the priorities in balancing the various stakeholder interests? lop5
Can the CEO and board of directors of Xeon continue operations and maintain a stakeholder orientation? lop5
If tracking employees through technology is not illegal, why should Megan be concerned if she is not involved in any misconduct? lop5
At this point, what are Megan’s alternatives to resolve her current dilemma about her involvement and knowledge about GAC’s tracking employees? lop5
Who should have a stake or an interest in how GAC tracks and monitors its employees? lop5
Social responsibility in business refers to maximizing the visibility of social involvement. Yes No
Stakeholders provide resources that are more or less critical to a firm’s long-term success. Yes No
Three primary stakeholders are customers, special interest groups, and the media. Yes No
The most significant influence on ethical behavior in an organization is the opportunity to engage in unethical behavior. Yes No
The stakeholder perspective is useful in managing social responsibility and business ethics. lop5
Describe the ethical issues that David is encountering. mk5
Does this situation in any way violate the concepts of fairness, honesty, and integrity? ml5
If the advertisement does not violate any laws, then why should Daniel be concerned? What are the possible consequences of the advertisement? mju5
Discuss how this conflict of interest situation affects other salespeople, the organizational culture, and other stakeholders. ml5
Describe the decision that Jayla must make. What are the potential ramifications of her choices? nhy5
Are there legal ramifications to this kind of behavior? If so, what are the potential consequences? nu5
Business can be considered a game people play, like basketball or boxing. Yes No
Key ethical issues in an organization relate to fraud, discrimination, honesty and fairness, conflicts of interest, and privacy. Yes No
Only 10 percent of employees observe abusive behavior in the workplace. Yes No
Fraud occurs when a false impression exists, which conceals facts. Yes No
Time theft is the most commonly observed type of misconduct. Yes No
Describe the stakeholders involved in this ethical dilemma. What stake do they have in the situation? mk5
Are Bill’s actions an ethical issue, a legal issue, or both? Explain your reasoning. mk5
What are some of the risks Ahmed faces if he becomes a whistleblower? What are the risks if he remains silent? mk5
Voluntary practices include documented best practices. Yes No
The primary method for resolving business ethics disputes is through the criminal court system. Yes No
The FSGO provides an incentive for organizations to conscientiously develop and implement ethics programs. Yes No
The Sarbanes–Oxley Act encourages CEOs and CFOs to report their financial statements accurately. Yes No
Strategic philanthropy represents a new direction in corporate giving that maximizes the benefit to societal or community needs and relates to business objectives. Yes No
Describe the nature of the organizational culture in the restaurant. What kind of opportunities are there for unethical behavior to occur? Are there any opportunities for ethical behavior? mk5
What are some of the incentives employees might have to engage in this type of behavior? mi5
If the organizational culture of the restaurant does not change, what are some likely outcomes and consequences? ju5
The first step in ethical decision making is to understand the individual factors that influence the process. Yes No
“Opportunity” describes the conditions within an organization that limit or permit ethical or unethical behavior. Yes No
Core values are enduring beliefs about appropriate conduct. Yes No
Obedience to authority relates to the influence of corporate culture. Yes No
Describe Conner’s moral beliefs and values. mk5
In AlumaArc’s reasoning, the benefits of increasing production outweigh the risks of potential injuries. How could this approach potentially backfire? nmk5
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