(b) What are the ethical issues involved in this situation? The ethical issues involved in this situation pertain to following accepted accounting principles. Violating the generally accepted accounting principles to satisfy a short-term personal or company would create misleading financial statements. This situation would therefore be unethical. Robbin Industries is jeopardizing itself by not properly reporting the advertising costs.
They also struggle with the ability to agree to take ethical responsibilities of on-site catastrophes, leaks, spills and misfortunes. ( Buzzle n.d.) The pharmaceutical companies struggle with the situation of whether or not to make merchandise recalls if certain harmful information about them comes to surface, these are ethical issues that all organizations must be prepared for. What lesson could the management in the simulation (case #1) learn and apply to their business strategy from cases #2 and #3? It seems as though the organizations involved in case one could learn to apply international law,
As a result, tobacco executives funded aggressive public relations campaigns that supplied the public with a “pro-cigarette” message along with facts that there was no scientific basis for the charges against tobacco. Additionally, big tobacco retaliated in the form of developing an extensive body of scientifically, well-grounded data useful
DQ1: Review the case study Just Because it’s Legal, Is it Ethical in Perspectives in Business Ethics. How might bankruptcy law provide an outlet for unethical behavior? DQ 2: Consider the topic of air pollution. Discuss whether a business should go beyond what the law requires. How might a company be rewarded or punished for making an ethical or unethical decision?
With Cad Mex Pharma’s; as with any global business there are always ethical dilemmas. As far as the viral spread; the average thoughts of a person is to help stop an epidemic. However; as a business person the bottom line and the legal side has to be looked at. After all if the company responsible for the vaccine or cure is not in business there will be no one saved. This is where knowing the laws and choosing the best business decisions comes into play.
“Speakeasies of the Prohibition Era” an article by Kathy Weiser explains how all speakeasies and anything else to do with illegal alcohol actions led to the unhealthy era of America. Connected with poverty, crime, corruption, social problems and tax burdens drinking was said to be the source of all evil (Weiser). Why America kept this Amendment in for thirteen years no one still knows because it did not make us a healthier place to live as a
The Sherman Act and how monopolies get a bad rap I don’t think it is any secret that the word “monopoly” carries a negative connotation in our society. I have to admit that up until a few weeks ago I would have said that monopolies are always an inherently bad thing for consumers. Obviously that isn’t the case, but there does appear to be a great deal of agreement that when monopolies take actions which have anti-competitive consequences this is harmful to consumers in the long-run, hence the Sherman Act of 1890. Stranger to me though is how up until a few hours ago I would’ve said that the Sherman Act was definitely a good thing. It makes sense that the government should take actions to stop monopolies from doing the things the Sherman Act makes illegal.
But it becomes wrong when you are selling your products at such a low price that you put all other companies out of business. When you are using this form of dumping, you put people out of work because their company can no longer afford to keep them on. Either way I don’t see any moral reasoning that would support dumping products overseas if it’s illegal. First you are breaking a law that has been setup to protect people. You are also intentionally causing harm to others, if you follow either definition.
The world famous blogger and novelist Michael Siegel a professor in the Department of Community Health has come out with another debatable topic that has anti-smoker advocates in an uproar. Michael is trying to promote that electronic cigarettes can help smokers give up smoking or at least reduce the edge to smoke. On the other hand the anti-smoker advocates highly disagree with Michael saying that “electronic cigarettes don’t help smokers quit but merely prolong their addiction to nicotine”. They also argue that smokers who stop using electronic cigarettes will automatically stop having the edge to smoke all together. Michael retaliated mocking their proposal stating that “This is a ridiculous argument and those advancing it are not living in reality”.
Over the past few decades or so, the major cigarette companies have pursued a safer cigarette but have not gotten very far. “Industry researchers often found ways of lowering one or two of the dangerous compounds, only to discover that their tinkering had either increased the level of some other harmful compound or so dramatically altered the cigarette that it wouldn't be accepted by consumers.” (PBS-Cigarette History). All in all the cigarette companies have only brought down the levels of tar and cyanide in cigarettes but have not really made much progress in making a “safer cigarette.” Through all these efforts and all the ages of trying, cigarettes are still harmful to the human body. Smoking harms nearly every organ in our system, and causes many diseases, not to mention the reduction in the general health of