BUSINESS ETHICS

Case 1

• Whether McDonald was aware that the coffee was to be consumed while driving and if the package was up to standard
• The jury should consider whether the victim was careless in her own actions, assess whether the restaurant was negligent and whether there were any warning labels on the cup.
• The stakeholders of the decision are other restaurants such as McDonald’s and consumers. If it was proved that the customer was negligent in her own actions then the restaurant would not have been liable. The consumer has to prove that she was cautious.
• The principle of caveat emptor should able because the buyer is responsible for checking the suitability and the quality of the goods before purchase
• This has a negative impact on McDonald in that many consumers will have grounds for legal cases when the obtain injuries from the hot coffee (Hartman, DesJardins & MacDonald, 2014).
• McDonald has the right to conduct business and the consumer has a right to query about quality services. McDonald owe the duty of care when selling coffee in the drive through window while the client has the duty of being responsible when handling the products
• Award the woman both compensatory and punitive damages. Important principles regarding McDonald negligence form the basis (Hartman, DesJardins & MacDonald, 2014).
• Both cases are as a result of negligence
• They both owed a duty of care to their consumers
• The principles are the same
• The consequences will be similar in that most consumers will tend to believe that they will be favored.

Case 2                  

• The regulations that govern the ads and whether there is manipulation and deception in the ads
• Your approval is guaranteed or we will give you $1000. No games, no gimmicks
• They include manufacturers, advertising agencies and safety stakeholders. Potential benefits include proper guidelines and observance. The adverts may portray a road vehicle to convey a careless attitude encouraging reckless driving and behavior (Hartman, DesJardins & MacDonald, 2014).
• Whether there is fair competition, its benefit and how it affects the attitude of the stakeholders
• Most of the people involved in advertising and sales of automobile are brokers and car dealers

Case 3

• Identify the marketing policy and the contract between the two companies and the magazine
• Newspapers, digital marketing, television and radio marketing
• Targeted population and the companies. The targeted population can get the message without conflicts while the companies can use the other opportunities to advertise extensively (Hartman, DesJardins & MacDonald, 2014).
• The magazine has the right to advertise and the company has right to get an advertising platform. The magazine has the duty of ensuring that it advertises fairly and the companies have the due diligence in their adverts.
• The magazine violated the advertising policies. I would consider the consequences of it would lead to unfair competition

Case 4

• It can be considered to be a business decision in that it accounts for the desired certification level and an ethical decision in that it desires for sustainable buildings both environmentally and socially.
• Yes, every building should meet the LEED standard because it eliminates the danger that comes with poor structured projects
• Investors and the government
• Yes, being a processing industry it faced controversies such as efficiency in energy usage, waste and recycle resources.
• Contract provision and the stipulation that allows a property owner to recover tangible losses can be avoided (Hartman, DesJardins & MacDonald, 2014).

Case 5

• It would be important to consider the historical significance of the land to the public, the viability of the project and environmental concern for the project.
• The historical value of the land and the national park. The dilemma was revolved around the ecology system of the national park as it would have a negative impact (Hartman, DesJardins & MacDonald, 2014).
• Citizens, investors, government, historians, environmentalists, and preservationists
• It willed to more conflicts as the environment is subjected to the demand of the market. It can also lead to grabbing of public land and increase human-animal conflicts (Hartman, DesJardins & MacDonald, 2014).
• The public have the right to own public land and the institutions have the right to invest on viable land. The public own the duty of taking care of the public land while organizations own the duty of care to the environment.

Case 6

• The provision for the soft loan, what the soft loan was used for and the role the financial adviser played.
• Clients, advisors and the brokerage firm. The brokerage firm is harmed. The objective of the research may not be met and the client may lose trust in its advisors (Hartman, DesJardins & MacDonald, 2014).
• The financial advisor works for the client to who she has a professional duty. The obligations arises from the brokerage and client where the advisor is required to be professional and use the soft loan in order to improve the service offered to the client (Hartman, DesJardins & MacDonald, 2014).
• Yes, it does. It would increase conflicts of interest and violate professional conduct
• There should be a strict stipulation for a soft loan. This is a legal solution
• They are similar in that if the practice is allowed there shall be no professional ethics and discipline. Physicians are gatekeepers and therefore the industry should be the same in order to encourage professional conduct

Case 7

• Confidentiality, conflict of interest and integrity
• From annual information forms, prospectus, management information and financial statement. They rely on the opinion of financial advisors. No, the information to access of information depends on with the research, experience and the accessibility of management information (Hartman, DesJardins & MacDonald, 2014).
• Management, investors and stockbrokers and advisors. An investor relies on the information of stock purchases
• Shareholders
• Stock markets, discussions, and analysis. Equal access to information can be ensured by regulations (Hartman, DesJardins & MacDonald, 2014).
• Alternative give more detail and crucial information and the influence the investors on investment decisions

Case 8

• Public responsibility mitigates ethical lapses but cannot solely prevent business lapses
• Corporate culture, existing business ethics and the regulation put in place
• Confidentiality, social responsibility and honesty
• Investors, government, agents of business and management
• Lisa Newton has credible evaluations in her alternatives because the alternatives are able to go deeper into the business ethics (Hartman, DesJardins & MacDonald, 2014).
• The alternative such as Theodore Roosevelt compares the need to change as it is important to change the corporate culture and business ethics in order to prevent the case of Enron Debacle from happening. This affects the stakeholders in practicing proper business ethics and making right decisions for the organization (Hartman, DesJardins & MacDonald, 2014).

 

 

 

 

 

 

 

 

 

 

 

 

Reference

Hartman, L.P, DesJardins, J., & MacDonald, C. (2014). Business Ethics: Decision Making For Personal Integrity &Social Responsibility. McGraw-Hill Irwin