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HC2121 Comparative Business Ethics & Social Responsibility

Question

Answered

 

Questions:

1. (a) Describe 4 benefits of Business Ethics for organizations?

   (b) Provide a practical, real life example of how business ethics has proved advantageous for an organisation of your choice.

2. (a) List and explain 5 points from The Sarbanes–Oxley (SOX) Act?

(b) Do you personally believe that the SOX Act is effective? Justify your answer.

3 .(a) Draw the Framework for Ethical Decision Making in business.

  (b) Using an organisation of your choice, provide and explain 5 practical examples how can you use the Ethical Decision Making Model to Improve Ethical Decisions?

4 .(a) According to Kohlberg’s model of cognitive moral development (CMD), people pass through 6 cognitive moral development stages. List and describe the 6 stages

(b) As per other academic scholars and authors, what are the 4 limitations that they found with this CMD model? (Note: You have to quote the academic scholars’/ Author’s name in your answers)

 

5. Read the below scenario based on the Kohlberg’s model of cognitive moral development (CMD) and answer the questions that follows.

Heinz’s wife was dying from a particular type of cancer. Doctors said a new drug might save her. The drug had been discovered by a local chemist, and Heinz tried desperately to buy some, but the chemist was charging ten times the money it cost to make the drug, and this was much more than the Heinz couldafford

Heinz could only raise half the money, even after help from family and friends. He explained to the chemist that his wife was dying and asked if he could have the drug cheaper or pay the rest of the money later.

The chemist refused, saying that he had discovered the drug and was going to make money from it. The husband was desperate to save his wife, so later that night he broke into the chemist’s and stole the drug.

I.Should Heinz have stolen the drug? Justify your answer.

II.Would it change anything ifHeinz did not love his wife? Justify your answer.

III.What if the person dying was a stranger, would it make any difference? Justify your answer.

IV.Should the police arrest the chemist formurder if the woman died? Justify your answer.

6. (a) Identify and briefly describe 5 Global Ethical issues.

  (b) Using a country of your choice, discuss the Global Ethical issues you have listed in 6 (a).

 

HC2121 Comparative Business Ethics & Social Responsibility

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