Ethical principles to situations which challenge ones own

Assignment Help Business Economics
Reference no: EM13245583

Corruption, the Merriam Webster dictionary (n.d.) defines corruption as the "impairment of integrity, virtue, or moral principle, or inducement to wrong by improper or unlawful means (as bribery). Many argue that corruption is a major problem in business and public service today. There are those who lack integrity, virtue or moral principle and engage in unethical and /or illegal behavior, and there are those who induce others to engage in unethical and/or illegal behavior. Primary task: 400-600 words that respond to the following questions with your thoughts ideas and comments along with references. For this assignment you are to discuss 2 instances in which you witnessed corrupt behavior in a professional setting. You may discuss a situation that involved a public or private organization (business, not-for-profit, or government office)for which you either were employed, or were a customer. If you have not personally witnessed corrupt behavior you may research and find an example. Make sure to cite the source of the example. In your discussion of the two situations please at a minimum discuss the following: Explain the circumstance surrounding each incident including your role in the incident(a witness, participant, person receving a complaint of unethical behavior.2.) Share your thoughts on the impact of the unethical behavior on a micro and a marco level ( impact on the customer/patron, the business/agency, the industry and the public). Does the corrupt behavior only impact the business or agency involved or does it have wider societal implications? For example, many have argued that the unethical behavior of a small percentage of mortgage brokers and real estate agents contributed to the real estate bubble bursting in the first decade of the 21st century.3.) Applying the ethical principles you have discussed in class as well as the material you researched provide your suggestions on how to prevent or limit this type of corrupt behavior in the future. Objectives: Describe basic ethical issues which professionals encounter in their arenas of work and also apply ethical principles to situations which challenge one's own principles.

Reference no: EM13245583

Questions Cloud

What would you recommend that the monopolist do to : A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95.
What do the two decision processes have in common : a. Explain the decision process for a firm trying to determine the optimal quantity of a factor of production to employ. b. Explain the determination of the optimal level of pollution frrom the perspective of society.
What is the kinetic energy of the charge q2 : Two charges q1 = ?3.20 nC and q2 = +8.90 nC are at a distance of 1.20 µm from each other, What is the kinetic energy of the charge q2 when it is 0.340 µm from q1
Describe each and explain its strengths and weaknesses : There are three primary methods of inducing firms to emit the optimal level of pollution: standards, taxes and transferable permits. Compare and contrast these three techniques: describe each and explain its strengths and weaknesses.
Ethical principles to situations which challenge ones own : Corruption, the Merriam Webster dictionary (n.d.) defines corruption as the "impairment of integrity, virtue, or moral principle, or inducement to wrong by improper or unlawful means (as bribery). Many argue that corruption is a major problem in busi..
Explain the implications of the break-up for profitability : Compare the market-wide result of the individual perfectly competitive firms' choices of profit-maximizing output level with the choice of the monopolist. Explain the implications of the break-up for the profitability of industry members, for soci..
Macroeconomic factors and are they useful for economic : What are macroeconomic factors and are they useful for economic forecasting? What are economic indicators? Are any of them useful for forecasting economic growth?
What is the value of your firms tax shield : Your firm has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. What is the value of the firm according to MM with corpora..
Is it surprising that the companys revenue increased : Revenue at a major cellular telephone manufacturer was $1.4 billion for the nine months ending March 2, up 97 percent over revenues for the save period last year. Management attributes the increase in revenues to a 137 percent

Reviews

Write a Review

 

Business Economics Questions & Answers

  Explain how effect advance technology in labour market

Draw a diagram to Explain how effect of advance of technology in labour market.Illustrate what is when-to-work decision when technology advances.

  Investment strategy

Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?

  How far below or above his goal will he be

He plans to marry at about the end of year 6 and will skip the investment contibutions that year. How far below or above his $300,000 goal will he be?

  Elucidate at what price will cpt sell admission tickets

Daily demand for admission tickets can be written as P = 36 - 0.05Q so that MR = 36 - 0.1Q, where P is the price of a ticket and MR is the marginal revenue. Elucidate at what price will CPT sell admission tickets to maximize its profit.

  Aggregate economic effects of the combination

Find out the aggregate economic effects of the combination of the shock to the economy and the government's response to it.

  What is the equilibrium to this game

Illustrate what is the equilibrium to this game.

  Illustrate why does inflation affect the increase in social

Illustrate why does inflation affect the increase in Social Security and other benefits. Is this effect a cost of inflation, as the article suggests.

  Compare and contrast mcdonalds strategies in china

Find examples in current news publications of the strategic responses of individual businesses to changes in currency exchange rates. Are these firms adapting to the changing international environment, or are they engaged in political action to tr..

  What is value of autonomous saving

Anation's consumption function (expressed in millions of inflation- adjusted dollars)is: C=200+.80*DI. what is value of autonomous saving.

  Result of nafta

the shortcomings of NAFTA for the last 20 years including what each country has lost as a result of NAFTA.

  Demand curve for videos has shifted to the right

The demand curve for videos has shifted to the right. Illustrate what could have caused it.

  Elucidate importance of credibility

Elucidate the importance of credibility when evaluating a firm's potential moves.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd