Catherine owns a start-up company that manufactures inexpensive clothing made in the United States. Using the four rules for ethical decision making, discuss how Catherine might operate her business differently depending on which rule she adhered to.

What will be an ideal response?


The four rules of ethical decision making are utilitarian, moral rights, justice, and practical. The utilitarian model proposes that decisions should favor the greatest good for the greatest number of people. Under this model, a business owner should choose the course of action that provides the most benefits and the least harm. The moral rights model proposes that decisions should protect the basic rights and privileges of people affected by the decision. In this model, the owner would compare alternatives based on their effects on stakeholders' rights. The justice model focuses on decisions that distribute benefits and harms among people in an equitable way. Under this philosophy, business owners should compare courses of action based on the fairness of distribution of outcomes. The practical model suggests that an ethical decision is one that a manager has no hesitation about communicating to people outside the company because the typical person in a society would think it is acceptable.

Business

You might also like to view...

Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Answer the following statement true (T) or false (F)

Business

Ensuring safe working conditions is the responsibility of

a. FILA. b. AFL-CIO. c. OSHA. d. SHAO.

Business

Buck, fearing death from severe injuries suffered in a machinery accident, assigned over a certificate of deposit worth $100,000 and delivered the certificate to Pearl, a friend, who gladly accepts. Buck ends up recovering from the injuries. Why must Pearl give the certificate of deposit back to Buck?

A. This type of gift is known as a gift causa mortis. It is a conditional gift which is conditioned on Buck actually dying. Because Buck recovered, the gift is automatically revoked. B. This is an inter vivos gift because Buck was still alive when the gift was made. Any inter vivos gift is revocable because there is no consideration to make Buck's delivery of the certificate binding under contract law. C. This is an inter vivos gift and due to state laws, gifts in contemplation of death must be written into a valid will or otherwise the deceased's assets will be distributed according to state statute. D. This gift is an ordinary gift, but it is revocable because we don't know if the certificate of deposit has matured or not.

Business

Marasco Corporation has provided the following information concerning a capital budgeting project:    Investment required in equipment$80,000 Salvage value of equipment$0 Expected life of the project 4 Annual sales$220,000 Annual cash operating expenses$160,000 One-time renovation expense in year 3$30,000 The income tax rate is 30%. The after-tax discount rate is 13%. The company uses straight-line depreciation on all equipment; the annual depreciation expense will be $20,000. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.See separate Exhibit 13B-1 to determine the appropriate discount factor(s) using table.The net present value of the project is closest to:

A. $128,199 B. $91,000 C. $77,650 D. $48,199

Business