In a short essay, describe the significant developments in business ethics during the 1960s, 1970s, 1980s, 1990s, and 2000s.
What will be an ideal response?
The climate of today’s business ethics has seen a real change from those initial discussions
that were made centuries ago. During each decade, we have been faced with turbulent ethical
times.
? In the 1960s, the climate of business ethics was more of a period of social unrest. This era
showed the birth of corporate social responsibility movement, with corporations
beginning to establish codes of conduct to help deal with newfound problems among
employees and employers.
? The economy of the 1970s suffered a recession, and then the unemployment rate rose
dramatically during this time. This was a time when companies began to cover up their
wrongdoings rather than deal with the issues head-on.
? The era of the 1980s showed a time when financial fraud surfaced through the savings
and loan scandal.
? The 1990s saw an outgrowth of global opportunities for companies, but they were not
without concerns. Unsafe work practices, child labor issues, and environmental issues
gained prominence.
? At the new millennium, unethical companies began to surface, wrought with financial
mismanagement problems. The most significant event in the United States was the
passage of the Sarbanes-Oxley Act in 2002, which attempted to control the financial
mismanagement issues eroding the integrity and confidence of corporations and their
stakeholders.
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Which of the following statements best reflects the underlying philosophy behind the concept of supply chain management?
A. No company is an island. B. You get out of it what you put into it. C. Every company for himself. D. Better late than never. E. Money makes the world go 'round.
Avida Sports developed a sensor system that swimmers wear in the water and get computerized analysis of their stroke. Avida signed an agreement with a swim club to test the product before increasing production. Avida is in the _____ stage of the creative process.
A. insight B. incubation C. preparation D. verification E. cognitive dissonance
According to Table M7-3, which is the final simplex tableau for a problem with two variables and two constraints, the 0.667 in the X1 column means that
A) to produce 1 unit of X1, 0.667 units of X2 must be given up. B) to produce 1 unit of X2, 0.667 units of X1 must be given up. C) if 1 unit of X1 is produced, profits on X2 will decrease by 0.667. D) if 1 unit of X1 is produced, profits on X2 will increase by 0.667. E) None of the above
Stanley's debt to Town Bank is past due. Town Bank obtains a judgment against Stanley to collect the debt, but he refuses to pay. Town Bank asks the court to order Stanley's employer to pay a portion of his paycheck to the bank. This is a request for
a. a mechanic's lien. b. an order of garnishment. c. an order that would violate most state laws. d. a writ of attachment.