Question

Question1

With which of the following statements would most people in business agree? Rationalize your response

1. The short-run profits of a corporation will almost always increase if the firm takes actions the government has determined are in the nation's best interests.
2. Government agencies and firms almost always agree with one another regarding the restrictions that should be placed on hiring and firing employees.
3. Although people's moral characters are probably developed before, they get into a business school, it is still useful for business schools to cover ethics, including giving students an idea about the adverse consequences of unethical behavior to themselves, their firms, and the nation.
4. Developing a formal set of rules defining ethical and unethical behavior is not useful for a large corporation. Such rules generally can't be applied in many specific instances, so it is better to deal with ethical issues on a case-by-case basis.
5. Because of the courage it takes to blow the whistle, “whistle blowers’ are generally promoted more rapidly than other employees.

Answer 1

a. In this case most people in the business won't agree as if the firm takes actions the government has determined are in the nations best interest will always increase short term profit of corporation because generally government takes decision based on long term perspective of the country which benefits can't be realised immediately.

b. In this case most people in business will agree as it results in compliance of law and also employee will be happy as they are not fired in an unusual way.

c. In this case most people in business will agree although people moral characters are probably developed before they get into business school still it is necessary for business school to cover ethics as it will act as a guidance for them and also they are not aware of necessary of being ethical in personal and professional life.Through this they can have knowledge of consequences they have to face if they behave unethical.

d. In this case most people in business will not agree as setting a final rules defining ethical and unethical behavior set as a standard for employees which reflect expectations of organisation.If company deal with case by case basis huge amount of time will be required to be invested for such activities.

e. In this case most people in business will partially agree since it is good to reward whistle blowers as it will benefit the company and other employees will also report such instances in future but promoting someone only by this basis is not always acceptable as promotion means more responsibility with sufficient capability however it can't be checked when promotion is done on this basis.