Discuss the four steps for conducting a utilitarian analysis of an ethical problem.
What will be an ideal response?
First, clearly identify the action or issue under consideration. Second, specify all those who
might be affected by the action (e.g., the organization, the local community, a professional
group, society), not just those immediately involved in the situation. Third, determine the likely
consequences, both good and bad, for those affected. Fourth, sum the good and the bad
consequences. The action is morally right if the benefits outweigh the costs.
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Mckelvey Inc., a U.S. - based cosmetics manufacturer, promotes its products using the same price value, composition, and advertisements irrespective of the target market location. In this case, the company is utilizing ________
A) contract manufacturing B) export marketing C) intermediary selling D) export selling
When employers actively work to keep unions out of their workplace or are openly hostile toward unions it is known as _______________________.
Fill in the blank(s) with the appropriate word(s).
Examples of personalization include
A) notifying a customer when an auction comes to a close. B) allowing a user to personalize Web site attributes. C) sending an instant alert to customers' mobile devices, notifying them about a drop in a product's price. D) all of the above.
Which of the following is the reason why the current foreign-exchange system is sometimes thought of as a managed-float system?
A. The exchange rates of a currency are determined by market forces. B. Governments intervene frequently in the foreign exchange market. C. Major currencies are allowed to freely float against each other. D. Countries use a reference currency to estimate the value of their currencies.