Current Ethical Issue in Business Learning Danielle Christine University of Phoenix Ethics in Management PHL 323 Laila Dabbagh Lambdin February 23, 2009 Current Ethical Issue in Business Learning Identify the ground rules manifested in the situation as well as which ethics theories apply. Circuit City is the nations 2nd largest retailer of consumer electronics, entertainment software and personal computers. On November 3, 2008, Circuit City announced that they would layoff and close 17% of it’s workforce by the end of the year. Due primarily to weakened economic environment and its potential impact on the timing of the overall sales of the companies inventory, cost and expenses. As a result of the companies deteriorating
54). Greed was a recurring topic in the factories during this time. Factory owners did not want to shovel money out of their own pocket for any extra expenses, such as safer equipment. Greed also constituted the reason why factory owners hadn’t wanted to unionize for fear of losing money and power. Mike’s death, from a blast furnace accident, left his wife and four children to carryon without him in the midst of the first world war; however, unlike Dubik only receiving 75 dollars for funeral expenses, Mike’s family received thirteen-hundred dollars for compensation along with a five-hundred dollar death benefit to pay for the funeral signaling a better compensation plan as time progressed (pg.
The 18th amendment contributed to the rise of organized crime because it created a lot of underground business. From killings to people living in poverty, that’s what the prohibition caused. If people really thought that prohibiting alcohol to be sold leally were going to help the way that people lived during this time, they were wrong. A lot of people were against the law, they argued that if they banned alcohol legal businesses were going to go broke and that was not going to help the economy get better. But alcohol was not the only thing breaking families apart they said, after the war, soldiers would come home and find themselves in a whole, struggling to find jobs.
Quasi Contract The facts of this case are as follows: Middleton Motors, Inc. was a struggling car dealership. They sought help in running their business as well as financial aid from a successful car dealership, Lindquist Ford, Inc. The two dealerships negotiated the terms of the service and financing and Lindquist sent their general manager, Craig Miller to run Middleton. A year had passed and the two parties had not come to agreement on the terms and Lindquist had not invested any money. Middleton was still not profitable and they fired Miller as the general manager.
Tad Smith, Chairman of the Board and CEO of CareNetWest, finds he may have overlooked paying attention to important governance, reporting, and regulatory compliance issues (University of Phoenix, 2007). His Chief Risk Officer has just resigned, citing insufficient expertise and infrastructure to manage non-financial, financial regulatory and corporate governance issues. After talking to his CFO who is more of an investment banker than financial controller, his General Counsel, and outside accounting firm, Tad realizes that CareNetWest falls short of meeting the regulatory reporting requirements. Two very important compliance issues are on the near horizon and CareNetWest must pass the Joint Commission on Accreditation of Healthcare Organizations (JCAHO) review, and SOX section 404 compliance. “Section 404 creates an ongoing requirement for management and, over time, should cause companies to continue to monitor and strengthen their internal control over financial reporting” (Deloitte 2004).
No Title In the article “Just Say No” by Bill O’Reilly, he writes about the bailout, or loan, that the major American motor companies Ford, GM, and Chrysler are requesting. He discusses the problem and states that the Federal government should not bail out the auto industry until the unions work out a deal that will benefit the companies, unions, and the American economy. He covers the economy and how it has suffered over the decades because of the business-people being irresponsible and running these large companies poorly, not just the auto industry. From the beginning to the end of the essay, one can tell that Mr. O’Reilly is against the bailout. He starts off reminding the reader about Nancy Reagan, the former first lady, and how she rose up against drug abuse in the late 80’s with the term “Just Say No”.
Wal-mart is bad for America, mostly in ways hidden from the public’s eye. The second team counter argues that wal-mart destroys smaller, “ma & pa” stores, Stores that have done personable, reliable business for decades. Wal-mart is too big for the smaller stores to stop. From the moment a wal-mart comes into these, “ma & pa” towns wal-mart quickly puts them out of business due to their low prices, regardless of what anyone may want. With the economy collapsing people are forced to shop for the lowest prices and work for anyone supplying job opportunities.
Although Hoover did try to ameliorate the situation, his efforts proved fruitless. He beseeched business, in a desperate Hail Mary, to keep their doors open and wages at normal rates and almost coerced union leaders into remaining quiet. He tried to accelerate government construction to provide jobs but it backfired when state and local cutbacks completely offset the budget. The Glass-Steagall Act of 1932 tried to increase commercial but his critics responded that his maneuvers were based on the “trickle-down” theory and would not reach the masses. Hoover’s most destructive and wrong move was the Hawley-Smoot Tariff that, although good intentioned, decimated foreign trade.
In addition to that, the stock market crashed because of a weak-banking system and because of the fact that the Government allowed businesses to make decisions even if it hurt everyone else. If people did not take advantage of loans, then the Great Depression would have never happened
Monogamy is discouraged by the utopian society and considered improper “Four months of Henry Foster, without having another man…why, he’d be furious if he knew…” This restrains people from getting too emotionally involved and putting their loved one’s needs before the society’s needs. All this is to prevent strong emotion, inspired by family relationships, sexual repression, and delayed satisfaction of desire, which goes directly against stability. The controller’s explanation for how the World State has come in place is that there were a time before the existence of the World State, the instability caused by strong emotions led to disease, war, and social unrest that resulted in millions of deaths and untold suffering and