C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe four rules that can be used to help companies and their employees
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Abdicate- verb to cast off or relinquish Aberration – noun a state or condition markedly different from the norm Abject- adj. sunk to a low condition or in miserable circumstances Abolish – verb do away with Abridge – verb lessen, diminish, or curtail; reduce in scope while retaining essential elements Abstemious – adj. sparing in consumption of especially food and drink; marked by temperance Accent – verb put stress on; utter with an accent; to stress, single out as important Accolade – noun
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Pharmaceutical Society of Great Britain v Boots Cash Chemist (p305) Case regarding items on shelves in a store. The items are simply an invitation to “treat”, the offer is only made at the check-out. Carlill v Carbolic Smoke Ball Co (p309) Company advertised nobody would get sick. Mrs Carlill followed directions and got sick. There was a unilateral contract comprising the offer (by advertisement) of the Carbolic Smoke Ball company) and the acceptance (by performance of conditions stated in the
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Socialism and Capitalism A Theory of Economics, Politics, and Ethics Hans-Hermann Hoppe The Ludwig von Mises Institute’s Studies in Austrian Economics Department of Economics University of Nevada, Las Vegas Kluwer Academic Publishers Boston/Dordrecht/London Distributors for North America: Kluwer Academic Publishers 101 Philip Drive Assinippi Park Norwell, Massachusetts 02061 USA Distributors for the UK and Ireland: Kluwer Academic Publishers Falcon House, Queen Square Lancaster LA1 1RN, UNITED
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Chapter 01 Creating Customer Relationships & Value through Marketing Multiple Choice 1. Which airline was the first to fly the Airbus A380? a) Japan Airlines b) Singapore Airlines c) Cathay Pacific Airways d) Emirates e) China Eastern Airlines Ans: b Feedback: Singapore Airlines’ first in flying the Airbus A380 allows it to be perceived as a trendsetter. Page: 3 Learning Objective: 2 2. What is KrisWorld? a) It is a religious weapon used for prayer ceremony. b) It is a dance
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Chapter 1 ETHICS & BUSINESS ETHICS AN INTRODUCTION TO ETHICS Ethics is not a recent discovery. Over the centuries philosophers in their struggle with human behavior have developed different approaches to ethics, each leading to different conclusion. The word “Ethics” which is coined from the Latin word ‘Ethics’ and Greek word ‘ethikos’ pertains to character. Ethics is thus said to be the science of conduct. As a matter of fact it deals with certain standard of human conduct and morals. The
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Multiple Choice Questions 1. How did the Girl Scouts change to meet the needs of Hispanic families? A) Training focused on how to address a Hispanic woman. B) Training focused on the importance of building a relationship. C) Brothers were encouraged to attend some events. D) Las Posadas, a Hispanic Christmas tradition that pays homage to Mary and Joseph's search for an inn, is being conducted by Girl Scout troops in some areas. E) all of the
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Lesotho Case Study “Market and Mountain Kingdom” Bob Terry 10/8/2012 Wk 7Assignment Globalization & Regionalization Globalization is international integration of cultures, people, products, beliefs, and much more. Globalization makes goods and services available to locations that originally wouldn’t have them. Some of my favorite restaurants are Brazilian Steakhouses like Texas de Brazil and Fogo de Ciao. These restaurants would not be offered in Denver Colorado without globalization
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Q1: Significance and Diversity of Consumer Behavior: * Definition of Consumer Behavior: Consumer Behavior is the study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society. It blends elements from psychology, sociology, social anthropology, marketing and economics. It attempts to understand the decision-making processes
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The 2007 Mattel Toy Recall RESEARCH About Mattel Mattel, “the world’s premiere toy company,” began in Southern California in a garage workshop that manufactured picture frames. When the company started selling dollhouse furniture made from picture frame scraps, they realized the market potential and decided switch to toy manufacturing. In 1959, Mattel created their most popular toy, the Barbie doll. Inspired by paper dolls, Barbie was a three dimensional doll with which “little girls could
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