A recent study of marketing professionals found their ethical judgments were influenced by several factors. List four of these factors. How do these factors contribute to the ethical environment of a marketing organization?

What will be an ideal response?


Ethical judgments were influenced by several factors, and students can list any four:

1.The extent of ethical problems within the organization
 The healthier the ethical environment, the greater the likelihood that marketers will take a strong stand against questionable practices.
2.Top-management actions on ethics
 Top management can have a profound influence on the ethical behavior of marketing professionals by performing actions that encourage ethical behavior or discourage unethical behavior. Setting an example communicates an ethical philosophy.
3.Potential magnitude of the consequences
 The greater the harm, the more likely marketers will recognize that the action is unethical.
4.Social consensus
 The greater the degree of agreement among other marketers that an action is harmful, the more likely that marketers will recognize it as unethical.
5.Probability of harmful outcomes
 Higher probabilities of harmful outcomes mean that marketers are more likely to realize that the actions are unethical.
6.Length of time between the decision and the onset of consequences
 The shorter the time frame between the action and the onset of negative consequence, the more likely the marketer is to realize it was unethical.
7.Number of people to be affected
 The more people affected by a negative outcome, the more likely that marketers will recognize the decision as unethical.

Business

You might also like to view...

The difference between the actual performance and the standard is called the __________________________

Fill in the blank(s) with correct word

Business

Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance. Connie is examining ________.

A) managerial accounting information B) financial accounting information C) regulatory accounting information D) organizational accounting information

Business

LARRY'S LOGGING EQUIPMENT, INC.Statement of Cash FlowsFor the Year Ended December 31, Year 3Cash flows from operating activities     Cash collected from customersA$24,000  Cash paid to suppliers and employeesB (14,000) Cash paid for other operating activitiesC Unknown  Net cash flow from operating activitiesD$ 10,000  Cash flows from investing activities     Cash paid to purchase equipment and other assetsE (90,000) Cash received from selling equipment and other assetsF Unknown  Net cash flow from (used by) investing activitiesG Unknown  Cash flows from financing activities     Cash paid on notes payableH (64,000) Cash paid for dividendsI (20,000) Net cash flow from (used by) financing activitiesJ Unknown  Net change in cash during the

yearK  74,000  Beginning cash, January 1, Year 3L Unknown  Ending cash, December 31, Year 3M 244,000   What amount is represented by letter C in the statement of cash flows? A. $20,000 B. ($28,000) C. $0 D. $28,000

Business

Accounts that are normally handled through banks and consist of short-term investments in T-bills are called:

a. NOW accounts b. checking accounts c. money market accounts d. credit cards e. savings accounts

Business