Illustrate and explain four ethical dimensions of business behavior; give two examples of behaviors that fit each dimension
Dimension 1 Behavior that is illegal and unethical
Dimension 2 Behavior that is illegal, yet ethical
Dimension 3 Behavior that is legal, yet unethical
Dimension 4 Behavior that is both legal and ethical
Student views as to what is ethical will vary. Examples can include situations similar to the following:
Dimension 1 An employee stealing merchandise from the company he works for.
An employee altering accounting records to hide money stolen from a business.
Dimension 2 A physician accepting a $100 gift from a pharmaceutical representative.
A manager telling an employee not to buy a new house when the company has not yet made public that a layoff is coming.
Dimension 3 A person in a management position having an affair with a subordinate.
An employer reading personal email generated by an employee.
Dimension 4 An employer firing an employee who is failing to do his/her job.
A manager who gives a pay raise to her most productive workers.
You might also like to view...
Nordic Exports Inc reported net income of $150,000 for 2015, but its cash balance decreased $40,000 . Which financial statement should Nordic Exports' management refer to for an explanation of this situation?
a. Balance Sheet b. Income Statement c. Statement of Retained Earnings d. Statement of Cash Flows
Roscoe Products produce widgets. Using a(n) ________, they are able to achieve economies of scale by specializing the application of labor to specific and standardized functions.
A. closed design B. organic structure C. open design D. traditional design E. horizontal structure
Deposits made and recorded by the depositor but not yet recorded on the bank statement are called ________.
Fill in the blank(s) with the appropriate word(s).
Tiffany's markets its exclusive jewelry and gifts to high-income individuals interested in high-quality products and a well-known brand name. It uses the same marketing mix to reach this market. Tiffany's uses a(n) ____ strategy.
A. undifferentiated B. differentiated targeting C. exclusive targeting D. heterogeneous E. concentrated targeting