PepsiCo's Global Code of Conduct plays a pivotal role in ensuring that PepsiCo's employees, managers, and directors around the world are complying with the company's high ethical standards. Which of the three schools of thought are reflected in PepsiCo's Global Code of Conduct? Please explain your answer.
What will be an ideal response?
PepsiCo's Global Code of Conduct primarily reflects integrative social contracts theory, that is, PepsiCo's Code of Conduct provides a middle position between the opposing views of ethical universalism and ethical relativism.
Ethical universalism holds that the most fundamental conceptions of right and wrong are universal and apply to members of all societies, all companies, and all businesspeople, while ethical relativism holds that differing religious beliefs, customs, and behavioral norms across countries and cultures give rise to multiple sets of standards concerning what is ethically right or wrong. These differing standards mean that whether business-related actions are right or wrong depends on the prevailing local ethical standards. For a multinational like PepsiCo, integrative social contracts theory stands on the strongest ground as it accommodates the best of the other two theories. It offers managers clear guidance in resolving cross-country ethical differences. Those parts of the company's code of ethics that involve universal ethical norms must be enforced worldwide, but within these boundaries there is room for ethical diversity and the opportunity for host-country cultures to exert some influence over the moral and ethical standards of business units operating in that country.
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What will be an ideal response?
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Fred ran short on cash and borrowed $300 through a Payday Loan company. The company charged him a fee of $60 to borrow the $300 for 14 days. Using the simple interest method calculate what interest rate was Fred charged for the aforementioned loan
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