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The Five Business Ethics Myths Essay - 879 Words

Common Ethics Misconceptions Trevino Brown (2004) in Academy of Management Executives talked about the five business ethics myths. 1. It is easy to be ethical 2. Unethical behavior in business results from bad people 3. A formal code of ethics is the easiest way to manage them 4. Principled leadership revolves around your leaders 5. At one time, people appeared to be more ethical Pundits and business leaders say being ethical is straightforward when being ethical is complex. This notion presumes individuals recognize they are facing an ethical dilemma and are ascertaining how to reach the proper conclusion. The problem with this assumption is business leaders do not comprehend they are facing an ethical issue. Firing unethical employees to eliminate the ethical issues superficially addresses the problem. A company must explore the ethical culture in their organization. There is a connection between having a strong organizational culture and acting in an ethical ma nner. In a study conducted by Lorenzo (2007), he found a company must commit to obey the law, and to serve the purpose of the law. One or two individuals cannot effect change; it requires buy-in from the entire organization. Employees tend to be followers when it comes to ethics, and it is imperative for a leader to model ethical business practices. Prominent ethical business leaders need to demonstrate exemplary behavior to their employees. Unethical business practicesShow MoreRelatedPersonal Views Ethics Essay1083 Words   |  5 PagesViews Ethics Essay Each person should live with moral standards. To distinguish between the right and wrong is based on the person’s ethics. It describes what kind of values and beliefs does the person has. In business, it composed of standard ethics that serves as a guideline among employees about their expectation to the company. Newell S. stated that ethics in business focuses on identifying the moral standards of right and wrong as they apply to behaviour within and across business institutionsRead MoreThe Issue Of Business Ethics Essay1359 Words   |  6 Pagessome â€Å"normal† oxymorons such as â€Å"jumbo shrimp, passive aggressive, awfully good, The Great Depression,† and of course, â€Å"business ethics.† In terms of â€Å"business ethics,† the common misconception still remains that the word, â€Å"business† and the word, â€Å"ethics† should never be adjacent. Primarily, I find this misconception offensive, but also blatantly incorrect. As a rising business employee, I look forward to continually proving this â€Å"oxymoron† incorrect by utilizing the skills I learn to further bothRead More21200 Words   |  5 Pagesits respondents are starting a new business to take advantage of an attractive opportunity or because of necessity to earn an income. High-income countries——attractive opportunity. Low-income country —— earn income.   3. What evidence is available suggesting that the often reported statistic that 9 out of 10 new businesses fail is an exaggeration? What is a more realistic failure rate for new firms? According to Brian Headd, an economist for the U.S. Small Business Administration, after four yearsRead MoreChapter 1 Business Ethics2294 Words   |  10 Pageschapter 1 BUSINESS ETHICS, THE CHANGING ENVIRONMENT, AND STAKEHOLDER MANAGEMENT |TOPICS COVERED | 1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINEDRead MoreThe Best War Ever : America And World War II1362 Words   |  6 Pagesof the book implies, The United States left the war with a great optimistic view of the these â€Å"glorious† five years. The United States as a population had been tricked into believing in the, at times, fabricated conditions of its history that had been presented to people as some beautiful stories and myths where nations are viewed as being first-rate in union and morality. These so-called myths were created out of several factors. Because of Hollywood, the vast amounts of government propaganda, andRead MoreRelation Of Ethics With Ict Industry1485 Words   |  6 PagesINTRODUCTION:- This essay describes relation of ethics with ICT industry. Business ethics is a social science, whose primary point is to characterize and analyse the obligations of organizations and their operators as a piece of the general good environment of a given society. The results of this field of examination are sets of guidelines and codes of behaviour’s, which serve as a method for security from the conceivable encroachments of good codes therefore from the general exercises and obligationsRead MoreEthical Assessment Of The Coffee Shop1446 Words   |  6 Pagesthat play a critical role in helping achieve the right organizational culture. Some of these include personal moral intensity, social ties, codes of ethics, locus of control and Machiavellianism. These determinants play a crucial role in helping an organization achieve the ethical standards. Moreover, organizational culture determines that how business is conducted in an organization. It impacts organizational decision maki ng process, punishment and reward system and response of organization to environmentalRead MoreBusiness Ethics8707 Words   |  35 PagesINTRODUCTION 3 3. RIMS 4 3.1 EVALUATION OF ALL POINTS OF VIEW 4 3.2 IMPLICATIONS 6 3.3 SOLUTION 6 4. THEORETICAL APPROACHES TO BUSINESS ETHICS 7 4.1 SOCIAL SCIENTIFIC POSITION 7 4.2 MANAGERIAL POSITION 7 4.3 ORGANISATIONAL INTEREST POSITION 8 4.4 ETHICAL GUIDANCE POSITION 9 4.5 ETHICAL CONTROL POSITION 9 4.6 ETHICAL DEVELOPMENT POSITION 10 5. MYTHS 11 5.1 DOG EAT DOG 11 5.2 IT’S NOT SO SERIOUS 11 5.3 IF YOU CAN’T BEAT THEM JOIN THEM 12 5.4 SURVIVAL OF THE FITTEST 12 5Read MoreComplete Guide to Ethics Management: an Ethics Toolkit for Managers10784 Words   |  44 PagesGuide to Ethics Management: An Ethics Toolkit for Managers Written by Carter McNamara, MBA, PhD, Authenticity Consulting, LLC. Copyright 1997-2008. (This guide is located at http://www.managementhelp.org/ethics/ethxgde.htm on the Web.) The profession of business ethics has long needed a highly practical resource that is designed particularly for leaders and managers -- those people charged to ensure ethical practices in their organizations. Unfortunately, far too many resources about business ethicsRead MoreBalancing Work Life and Home Life1308 Words   |  6 Pagesremedies shown in the general media require greater integration of work and home, findings have indicated a greater need for separation of the two. The myth of separate worlds, describes a process whereby management acts as if the employee’s home world did not exist; that is, as if the work world were everything. Many managers maintain this myth, even though they knew home life had a major impact on work and organizational life, and vice versa. But, on the other hand, many organizations value the

The Universal Commercial Code ( Ucc ) - 1345 Words

Issue #1 The issue is whether the UCC is applies to the alleged offer and acceptance made between Kevin and the department store. Rule The Universal Commercial Code (UCC) governs transactions in goods, which are all things that are tangible and movable at the time of identification to the contract for sale, and the common law governs transactions involving services provided by professionals. When a mixed contract exists involving both goods and services, most courts use the predominate factor test to determine if the contract is predominately for a good or a service Analysis Here, the UCC applies- not the common law- because the alleged offer made by the department store included the sale of baseball caps and gold necklaces which are†¦show more content†¦The offer was properly communicated because the offer was in written form in the newspaper, making it sufficient for communicating the offer. Here, the offer was committed because the department store posted in the add in the newspaper that explicitly stated â€Å"first come first serve† and â€Å"out they go.† The department store also included that the sale was to be on Saturday, October 19th substantiating the adds commitment. The add specifically states stipulations for obtaining the goods and asserted their willingness to sell the both the necklace and the caps to who ever meets their requirments. When the department store published the add in the newspaper, the offer was committed because the department store conveyed their willingness to enter into a bargain. Under the term s that the store drafted, it conveyed that they were bound by contract. Here the offer was definite in its terms because the department store included subject matter, price, and quantity in its advertisement. The terms and conditions written in the department store’s advertisement states, â€Å"8 baseball caps, assorted logos Out they go Saturday, October 19, each . . . $3.00† and â€Å"1 gold dolphin necklace on a 20-inch chain Worth $135.00 Now selling for $30.00 FIRST COME . . . FIRST SERVED.† In this statement a price and quantity are included, $3.00 for the 8 caps and a price of $30.00 for the necklace on a 20in chain is specifically stated for sale on Saturday, October 19th. The items themselves areShow MoreRelatedWeek 2 CaseStudyEx Essay1032 Words   |  5 Pagesbe the balance due for soybeans sold to MFA. This case presents for the first time in Missouri the question of whether or not a farmer may be considered a merchant under the Uniform Commercial Co de,  § 400.2-201, RSMo 1969. A number of states have held a farmer may qualify as a merchant under these sections of the UCC. The case which this court finds to be the better reasoned of all of the cases which has considered the question is  Nelson v. Union Equity Co-op. Exchange,  548 S.W.2d 352  (Texas 1977)Read MoreWhat Should You Do Business With Marshall?1254 Words   |  6 Pagesyour company have? During the interaction of evaluating business ties with Marshall, claims of interest were brought forth such as a supplier contract and requirements of implied duty and good faith in fair dealing in compliance with the Universal Commercial Code (UCC). The supplier-client contract in question is not legally binding due to the fact that it was not signed by a legal representative of the company. In addition, the contract was signed by a minor. â€Å"The limitations on a minor s abilityRead MoreAssignment For This Week Is Enforceable Contracts967 Words   |  4 Pagesenforceable contracts. In an effort to determine if a contract is enforceable, there first has to be the basic understanding of a contract. According to Sequist, it is important to know that contract law is governed by common law or the Uniform Commercial Code. (Sequist, 2012) A contract is considered a legally binding document. (Matt and Fleming, 2012) Due to this fact, it important that all parties involved have a full understanding of what the contract entails in the event that some form of ligationRead More The Universal commercial Code Essay634 Words   |  3 Pages The Universal commercial Code ( UCC) has been created to foster the free flow of commercial activity in the United States by making laws that are both reasonable and practical. Article 3 of this code deals with negotiable instruments. These contracts for payment serve as a substitute for actual money and make the flow of commerce move along at a faster rate. nbsp;nbsp;nbsp;nbsp;nbsp;There are certain requirements that must be met for an item to be qualified as a negotiable instrument. FirstRead MoreThe Contract Law Of The United States3076 Words   |  13 Pagesto  the States.[10] Contract Legal Codes The Legal Codes of The Republic’s Constitutive States and Contract Law The individual state legislatures have put into effect their own legal  codes  covering contract and commercial law. Louisiana uses a civil law code, and the other states use common law. The Universal Commercial Code is  an example of a legal code put into effect by the states. Transactions in goods in the USA are what the Uniform Commercial Code governs. The mirror image rule, whereRead MoreBusiness Law And Ethics : Attorney Guidance5895 Words   |  24 Pages Business Law and Ethics Attorney Guidance to an Entrepreneur â€Æ' Constitutional Rights: The first amendment was made for protection of speech and commercial speech. There are many entrepreneurs that are selling information and parts of the constitution will protect those businesses as they have liberty to economic freedom as well (Bonham, 2013). It is the right of those businesses or entrepreneurs and not the governments right to choose what occupation to pursue (Bonham, 2013)Read MoreThe Bhopal Tragedy23347 Words   |  94 Pageshad. It resulted in the death of 5,295 human beings, injuries to almost 568,292 persons besides loss of livestock and loss of property of almost 5,478 persons. The parties affected by this case were Indian Government, The Union Carbide Corporation(UCC) in US, the employees of Union Carbide India Limited(UCIL), the labour workers who stay near the manufacturing plant, the people live in the residential area adjacent to Union Carbide Corporation and the squatters existed before the opening of the manufacturingRead MoreGuidelines And Negotiating Conditions Precedent8952 Words   |  36 Pagesproperty mortgages, †¢ account control agreements, †¢ collateral access agreements, †¢ certificates representing pledged equity (for example, stock certificates, certificated LLC membership interests), †¢ pledged promissory notes, and †¢ Uniform Commercial Code financing statements. For more information on security deliverables, see Deliverables Relating to Personal Property Collateral and the Perfection of the Secured Party’s Security Interest [ADD LINK]. 4. Perfection of Security Interests AlthoughRead MoreNorth American Electro-Deposited Copper Foil3942 Words   |  16 PagesAnother major regulation this industry has to comply with is the Universal Commercial code, or UCC. The UCC is a regulation that all business in America has to comply with. It is a set guideline for sales, leases, bank deposits, letters if credit, and much more. The goal of the UCC is to have regulations that are standard across all 50 states, so that something made in New York meets the requirements to be sold in Arkansas. If the UCC made it more difficult to sell or ship copper foil to all 50 statesRead MoreBusiness Law Questions and Answers10157 Words   |  41 Pagesideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1, 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes, which are human readable, and in machine readable object code can be copyrighted. Answer (d) is incorrect because copyrights taken out by corporations or businesses are valid for 100 years from creation of the copyrighted item or 75 years from its publication, whichever is shorter

Sustainability and Environmental Studies for Emission Reduction

Question: Discuss about theSustainability and Environmental Studies for Emission Reduction. Answer: CO2 emission effects and reductions Carbon dioxide formulates the entire share of greenhouse gases. The accumulation of manmade greenhouse gases to the atmosphere influences the radiative balance of earth adversely. This enhances the temperature of earths surface and to linked effects on agriculture, climate and see level rise. While cooking food or burning plastics or wasteful things, it generates CO2. There are two kind of sources such as natural and human of carbon dioxide emission. The component of natural sources includes ocean releases, respiration and decomposition. The activities of human sources which can be the reason of carbon dioxide emission are cement production, deforestation along with burning of fossils fuels such as oil, coal and natural gas (Cui, Fan, Zhu and Bi, 2014). Carbon dioxide is colorless and non-poisonous gas which is generated by burning of wood and other material of organic and fossil fuels like petroleum, coal and natural gas. Emission refers to the discharge of greenhouse gases and their forerunner in to the atmosphere over a certain area and period of time. It is the essay which will reflect the issue of CO2 emission and its possible minimization with taking support of relevant data. Carbon footprint is poisonous for the world and the reason behaving being bad for the world is that carbon emission contributes in the change of climate which can have the severe result for human and their environment. Fossil fuel is the main reason of increasing the carbon dioxide and other greenhouse gases (Friedlingstein, et. al., 2014). Carbon emission enhances the temperature of global by trapping the solar energy in the atmosphere. CO2 emission can be measured and it emitted from the fatigue pipe of cars and measured in grams per kilometer. New cars are tested in the laboratory on a rolling road but the production is dependent on the combined cycle in which a diversity of driving conditions is simulated. The union of European facing stagnation in the reduction of emission after competing more than 4 years of reducing emission that is by an average 3% per year from 2011 to 2014. The sum of emission of EU has reached3.5 gigatons (Gt) CO2 in 2015. Emission increased in the part of southern European countries that is Italy and Spain. The rate of increased emission in Italy and Spain was 5% and 7% respectively. It is done due to more consumption of coal that is 24% in Spain. Along with that the main contribution in emission of Italy is in the consumption of oil and natural gases. It has been analyzed that there are so many countries that contributes their efforts in the reduction of emission that is Finland, United Kingdom and Denmark. They decreased emission 4% to 10% in 2015. The support of renewable energy resources is increased in the European Union by 15% in which hydropower was not included. Hydropower is known as hydroelectric power plant which is taken in use to store water in a t ank. With the support of turbine and spinning water is being released which turn activities into generate electricity. It has been studied in the report of Olivier, Janssens-Maenhout, Muntean, Jeroen , (2016), that the amount of hydropower in the European Union denied by 8% which has huge influence over the country of Spain, Italy Portugal and France. The weather of there is less favorable and due to this the range of sum of renewable electricity enhanced by 7% to 30% of the sum of electricity production. There are different trends in the largest emitting countries and regions such as China, United States, India and European Union. The CO2 emission of China is decreased in 2015 by about 0.6%. It was done for the reason of declining in coal consumption. Coal is considered as the dominant fossil fuel in the sectors of non-transport such as industry, power generations and residential services (Hasanbeigi, Morrow, Sathaye, Masanet and Xu, 2013). Figure 1: Global CO2 emission per region Source: (Olivier, Janssens-Maenhout, Muntean, Jeroen , 2016). The range of CO2 is decreased in the United States by 2.5% to 5% billion tones. It has been analyzed that reduction in emission was in the sector of electric power because of shifting of coal to natural gas utilized in the production of electricity. On the other hand the demand of the electricity remained stable since 2005. The reduction in electricity was similar distinguished over the commercial, industrial and residential sector (Hola et. al., 2014). Another country is India, India sustained to enhance its CO2 emissions to 2.47 billion tones in 2015, which was observed higher in comparison of 2014. If the contribution of India is remained same with this average growth rate, it will exceed the sum of emission in the European Union by 2020. The increment of CO2 emission is mainly done by the cause of oil and coal consumption. The coal consumption should be concerned appropriately because it has been evaluated that in 2014, India has exceeded the limit of coal consumption and become the second largest country after China (Kanemoto, Moran, Lenzen and Geschke, 2014). It has been concluded that due to carbon footprint many countries get influences adversely. The essay has been made on CO2 emission reduction. Many countries have been discussed in the context of emission of CO2. The issue has been focused in this research which is liable to enhance the emission. Brief description about CO2 emission in the European Union, United States, India, Spain, Italy and China has been discussed. There are so many reasons which are liable behind increasing emission within the country. These are oil and gas, cement production, iron and steel production and industrial sources. There are so many companies that raise voice and fight against emission. There is certain law has been made to reduce the CO2 emission. References Cui, L.B., Fan, Y., Zhu, L. and Bi, Q.H., 2014, How will the emissions trading scheme save cost for achieving Chinas 2020 carbon intensity reduction target?.Applied Energy,136, pp.1043-1052. Friedlingstein, P., Andrew, R.M., Rogelj, J., Peters, G.P., Canadell, J.G., Knutti, R., Luderer, G., Raupach, M.R., Schaeffer, M., Van Vuuren, D.P. and Le Qur, C., 2014, Persistent growth of CO2 emissions and implications for reaching climate targets.Nature geoscience,7(10), p.709. Hasanbeigi, A., Morrow, W., Sathaye, J., Masanet, E. and Xu, T., 2013, A bottom-up model to estimate the energy efficiency improvement and CO 2 emission reduction potentials in the Chinese iron and steel industry.Energy,50, pp.315-325. Hola, K., Bourlinos, A.B., Kozak, O., Berka, K., Siskova, K.M., Havrdova, M., Tucek, J., Safarova, K., Otyepka, M., Giannelis, E.P. and Zboril, R., 2014, Photoluminescence effects of graphitic core size and surface functional groups in carbon dots: COO induced red-shift emission.Carbon,70, pp.279-286. Kanemoto, K., Moran, D., Lenzen, M. and Geschke, A., 2014, International trade undermines national emission reduction targets: New evidence from air pollution.Global Environmental Change,24, pp.52-59. Liu, C., Lu, M., Cui, J., Li, B. and Fang, C., 2014, Effects of straw carbon input on carbon dynamics in agricultural soils: a meta?analysis.Global change biology,20(5), pp.1366-1381. Olivier, sJ., G .,H., Janssens-Maenhout, G., Muntean, M., Jeroen A.,H.,W., 2016, Trends in Global CO2 emissions: 2016 report, Retrieved on 30th September 2016, from: https://edgar.jrc.ec.europa.eu/news_docs/jrc-2016-trends-in-global-co2-emissions-2016-report-103425.pdf.