Examine the three ethical decision-making approaches.

What will be an ideal response?


*The utilitarian approach focuses on taking action that results in the greater good for the majority of
people
*For example, an organization that is struggling financially may choose to outsource some of its
operations more cheaply overseas in order stay in business and retain its U.S. workforce
*The rights approach fosters decisions made on moral principles that infringe as little as possible on the
entitlements of others
*For example, a business owner might believe it is morally wrong to pay overseas workers low wages and
decide to close down his U.S.-based company rather than betray his principles
*The justice approach advocates basing decisions on fairness
*For example, a struggling organization might accept a takeover from a rival company rather than declare
bankruptcy and leave its employees jobless

Business

You might also like to view...

________ refers to the mood or attitude an advertisement conveys

A) Creative technique B) Execution format C) Unique selling proposition D) Appeal E) Tonality

Business

Each consumer interaction with a company provides data that the company can use to develop consumer insights

Indicate whether the statement is true or false

Business

A company produces 1000 packages of cat food per month. The sales price is $3.90 per pack. Variable cost is $1.60 per unit, and fixed costs are $1700 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.60 to $1.70 per unit, and fixed costs will increase by 20%. The company will price the new product at $7 per pack. How will this affect operating income?

A) Operating income will decrease by $2660 per month. B) Operating income will remain unchanged. C) Operating income will decrease by $1060 per month. D) Operating income will increase by $2660 per month.

Business

On April 1, 2017, Banne Services received a 7-month note for $12,000 at 12%. Calculate the amount of interest due at maturity. (Round your answer to the nearest dollar.)

A) $756 B) $924 C) $1,440 D) $840

Business