Business Ethics Now Study Set 3

Business

Quiz 9 :
Ethics and Globalization

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Quiz 9 :
Ethics and Globalization

Ethics are part of a person's behavior. It also includes all the human values such as equality, human rights etc. Ethics is a study that helps a person in choosing right or wrong. It is set of principles that helps a person to choose the right behavior in his daily life. It basically helps to differentiate between right and wrong, good or evil etc. In the provided case, the funding of water treatment plant and appointment of Mr. J by paying $1 million was done to stop the spread of chemical leakage news in media. The auditors of the company asked for the details about the transaction of $1 million during the routine audit but Mr. J confirmed that the transaction was made for the services rendered by him at the time of mining accident via e-mail. He gave no details relating to the transaction. This clarifies that the transaction was unethical.

Ethics are part of a person's behavior. It also includes all the human values such as equality, human rights etc. Ethics is a study that helps a person in choosing right or wrong. It is set of principles that helps a person to choose the right behavior in his daily life. It basically helps to differentiate between right and wrong, good or evil etc. In the provided case, the country C would affect the code of ethics of company L because many of the officials of the company are from this country. Moreover, many of the company's research centers, main centers, sale centers were located in this nation. The company must follow all the guidelines of this country as this would give a base to the company's sales and working.

Ethics are part of a person's behavior. It also includes all the human values such as equality, human rights etc. Ethics is a study that helps a person in choosing right or wrong. It is set of principles that helps a person to choose the right behavior in his daily life. It basically helps to differentiate between right and wrong, good or evil etc. Ten guidelines for organizations doing business with the developing nations are as follows: • Never harm anyone intentionally. • Manufacturing more products is better than harming the other nation. • Try to contribute to the development of the host country. • Consider the rights of the employees. • Consider the local culture. • Pay their share of taxes. • Act jointly with native government. • More control of a firm including ethical responsibility of attending actions and failures. • To ensure that the plants and machineries are environment friendly. • To ensure that the technology is safe for environment. In the provided case, S is not following any of the guidelines relevant for doing business with the global countries. The reasons for the same are mentioned below: • S is intentionally harming and breaking the trust of public including T's company by concealing the fact that goods are actually made in country I and not the home country. However, the theme of the campaign organized for this new project was 'made in country A'. • It is clear from his behavior that he is not respecting the employees, their rights and the laws relating to the employees as S and J enterprises both violated the labor laws by employing young children.