Reference no: EM131435083
Ethic Business Homework
Measuring Our Worth
Read the Decision: Point Measuring Our Worth. Page 277.
This Decision Point deals with how we measure the intrinsic value of a life in addition to the instrumental value.
The scenario discussed is that of the Ford Pinto, which involves a decision that teaches the hazards of considering only the instrumental value of a life.
In 1968, Ford Motor Company made a historic decision regarding the Pinto, which was engineered with a rear gas tank assembly that had a tendency to explode in accidents that involved some rear-end collisions. The company allowed the Pinto to remain on the market after it determined that it would be more costly to engage in a recall effort than to pay out the costs of liability for injuries and deaths incurred.
In an infamous memo, Ford's senior management calculated what the company would likely have to pay per life lost. It is noteworthy that these estimates were not Ford's alone but were based on figures from the National Highway Traffic Safety Administration. Using these figures, the costs for recalling and modifying the Pinto were $121 million, while the costs for settling cases in which injuries were expected to occur would be only about $50 million.
Write a 2-3 page, APA style paper considering the following questions when assessing this scenario:
1. Businesses have reasons to consider these issues, though extraordinarily difficult; how should they reach conclusions in these areas? (Demonstrate how to apply the ethical decision-making process)
2. How should the intrinsic as well as the instrumental value of a human life be determined?
Provide 3-5 APA style references (other than the textbook)
Your paper should reflect scholarly writing and current APA standards. Please include citations to support your ideas.
Attachment:- pg._277.pdf
|
Why were they served dinner for their breakfast
: Why were they served dinner for their breakfast? Was this a clash of cultures or just a misunderstanding, or might something else have influenced the event? Can you figure out some of the contributing factors.
|
|
Views on future of social media and social media marketing
: What are your views on the future of social media - and social media marketing? Describe two or three trends or developments you think may evolve over the next decade.? When designing a social media marketing plan, marketers must be sure to select an..
|
|
What conflicts did you have to resolve
: How has this experience been for you? How did you build a respectful relationship with the practitioner? What conflicts did you have to resolve? Did your ideas about CAM change, and how will this affect your greater community
|
|
Capital budgeting measurement criteria
: In this assignment, you will learn about the capital budgeting process, which is basically how companies evaluate their investment in various projects, such as buying new machinery or expanding into a new plant. In addition, you will learn about t..
|
|
Demonstrate how to apply the ethical decision-making process
: Businesses have reasons to consider these issues, though extraordinarily difficult; how should they reach conclusions in these areas? (Demonstrate how to apply the ethical decision-making process).
|
|
Write essay summarize key feature of business communication
: BUS 303- Write a short essay summarizing the key features of business communication, as opposed to ordinary, everyday communication. Feel free to use short lists.
|
|
Should private sector engage in peace building activities
: In your opinion, what role should the private sector play in peace building? Should the private sector engage in peace building activities
|
|
Present to the class an example of effective branding
: Conduct research and present to the class an example of effective branding. Was it an example of private branding, generic branding, manufacture branding? Do you think that the company targeted a specific consumer group? What sort of variables (demog..
|
|
Discuss about an important task for hr personnel
: You have recently been appointed as a training manager for the southeast region of a major supermarket chain in the U.S. Your territory includes 15 retail stores. Your responsibility involves working directly with store managers and other stakehol..
|