Comment on the framework for decision making in Business provided in Chp. 2 of the text. The framework is made up of 7 elements including duty, welfare, honesty, integrity etc. In about 300-400 words explain the framework, what you think is its critical requirement, and whether you agree with it (with appropriate reasons). You are also required to respond to at least one fellow student's comments.

A typical step-wise format to follow when creating discussion posts is as follows:

1) Explain - State the facts of the issue/case - Who, what, where, when, why (any/all that apply). In other words explain the main elements of the framework.

2) Position: State your position where required, provide your understanding - support your stand with sound logical reasoning and analysis.

3) Illustrate and Exemplify: Support your position (2) or your explanation (1) with appropriate examples and illustrations. An illustration is more like an analogy or a personal example where you can create a metaphorical/imagined situation. On the other hand, an example is real world oriented and publicly known, which you can back up with a particular case/source. So, if one is to illustrate the concept that ethical issues are often seen in marketing, one would illustrate this by pointing out that sometimes certain businesses use deceptive practices like jacking up prices during a crisis situation, and then give a real world example of how price gouging occurred during hurricane Sandy.