Discussion Board Forum 1 Busi 620

In: Business and Management

Submitted By castaneda99
Words 484
Pages 2
Discussion Board Forum 1
Adrian R. Castaneda
Liberty University
BUSI 620 Global Economic Environment
Dr. Virgil Mensah-Dartey
October 24, 2013

Question 3 Unethical behavior and unlawful behavior are different in a sense that unethical behavior violates integrity, while unlawful behavior violates established laws. When discussing unethical behavior in the business context, one should consider the overall focus of a business; maximize profits for shareholders and owners. The way a business operates to make money can be treated as ethical or unethical. An unethical type of practice in the business world can consist of a business that is determined to make a profit without considering the morale and comfort of their employees (Svensson & Wood, 2008). By failing to have happy employees in your business and over working them to make a profit can cause an ethical dilemma as the employee can see this type of business operation as a way of prioritizing profit over the employee morale. According to Thomas, Schermerhorn & Dienhart (2004) unlawful behavior is actions that breaks established laws or rules that control business practices. This type of behavior can be easier detected over unethical behavior because by violating unlawful behavior, the individual or individuals are violating written laws. For example, giving away insider trading information on a new medicine is a type of unlawful behavior in the business context. Businesses have written guidelines on what is allowed and what is not permissible. Even with these codes, the possibility of unlawful behavior is always existent.
Question 5 Milton Friedman brings a valid point when stating that, “Business has only one social responsibility- to make profits (as long as it stays within the legal and moral rules of the game established by society)”. Friedman is correct in a sense that…...

Similar Documents

Discussion Board Forum 1

...DISCUSSION BOARD INSTRUCTIONS As part of the collaborative learning environment, you are required to interact with your classmates and course instructor in three Discussion Board forums. The interaction within this setting makes up a significant portion of your grade for this course. For each of the two graded forums, the instructor will provide you with a thought-provoking topic that will help start your online discussion.  Each forum is completed in two parts over the course of two weeks. In the first week of the forum, you will post a new thread that directly addresses the prompt provided by the instructor. In the subsequent week, you will post two meaningful replies to at least two classmates’ threads. Thus, for each forum you are required to post a minimum of 3 times: 1 thread and 2 replies. The instructor will observe online discussions throughout the assigned weeks and may interject his or her comments intermittently. Feel free to respond to the instructor's comments in addition to the required replies to your classmates' postings. Follow the guidelines provided below as you complete each part of the forums. THREAD: • Respond to the questions/ideas that are presented in the instructor’s prompt. • Summarize any related ideas that are presented in the Fee and Stuart textbook. For example, if the prompt asks you to identify issues that readers encounter, then you should summarize any reasons or examples that Fee and Stuart discuss in the......

Words: 474 - Pages: 2

Busi 620 Db#1

...1. What might be the objective of a museum? Of a firm? Do they have the same objective? Why or why not? According to the text the function of a firm is “to purchase resources or inputs of labor services, capital, and raw materials in order to transform them into goods and services for sale” (Salvatore, 11). Ultimately, this is done to create a profit. The theory of the firm states that the objective of a firm is “to maximize the wealth or value of the firm” (Salvatore 12). A museum, on the other hand, is created to showcase historical pieces such as art of artifacts. None of it is done for the purpose of sale. However different the two organizations are, both seek to maximize the value of their respective agencies. A firm may do it to increase value for shareholders or to maximize profits. A museum may judge its value differently, perhaps in the pieces it acquires and their value as historical pieces rather than present day monetary value to sell. 5. According to Milton Friedman, “Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.” Explain why you agree or disagree with such a statement. Milton Friedman’s idea that the only social responsibility of a business’...

Words: 764 - Pages: 4

Busi 600 Discussion Board 4

...Group Discussion Board Forum 4 -After reading Inquiring Minds Want to Know--Now! Located in the Reading & Study folder, provide a comprehensive and substantive answer for each item and post them in a Word document in the Group Discussion Board Forum.  These answers will be the basis for the collaborative work for the Discussion Board Forum in Module 8. Inquiring Minds Want to Know--Now! 1. Build the management-research question hierarchy. Management dilemma: Decline of publication readership card usage. Management Question: Should we continue using publication readership cards? Research Question: What factors has influenced the decline in publication readership cards? Investigative Questions: Are customers using different methods to buy products? How many leads are reader cards producing? How has the use of technology influenced making inquiries? What method of making inquiries is most and least used by buyers? How has response time affected the choice of inquiry method? Measurement Questions: Below are a few suggested sample questions. Ordinal question: Please rank your preferred method of inquiry from 1 to 5. 1 being the least preferred. ____Telephone ____ Email ____ Reader service card ____Fax-on-demand ____Website inquiry form Filter or Contingency question: Have you used a publication reader service inquiry card in the last year? _Yes _ No If yes, how many times have you used your reader inquiry card in the last year? _Once _Twice _Three or more......

Words: 1147 - Pages: 5

Busi 620 Qct 1

...QCT 1 --From the end-of-chapter discussion questions (DQ) and problems (P) --6.7 points each for a total of 80 points Salvatore’s Chapter 1: a. Discussion Questions: 9 Answer: Normal return is the minium profit that is required to cover the costs of inputs and all of expenses associated with it. Economic profit is a forgone profit and not and economic profit which is the biggest difference between the two types of profits. The difference between economic profit and business profit is that in economic profit, profit or loss is calculated by subtracting opportunity cost of the inputs from the revenue of sales. Business profit is the difference between the total revenue and total costs incurred to earn that revenue. Problems: 6, 9, and spreadsheet problem (p.37) 6. Determine which of the two investment projects of problem 5 the manager should choose if the discount rate of the firm is 20 percent. Answer: The first project would be undertaken as it is higher Net Present Value 9. a) Explicit cost = 45,000 +15,000+10,000+1,000+ 10,000 = $81,000 b) Implicit costs = Opportunity cost – which is her salary forgone = $25,000 c)The business profit:120,000 -81,000 = $39,000 d)The economic profit:120,000 – (81,000 + 25,000)= $14,000 e) The norml return on investment in this business: 14,000 /$81,000 = 17.28% (This figure is calculated assuming that the investment is $81,000, since the question does not specifically state the amount of the......

Words: 1006 - Pages: 5

Discussion Board 1 - Busi 610

...Top of Form   Discussion Board 1 Chapter 1: Why is shared information so important in a learning organization in comparison to an efficient performance organization? Discuss how an organization’s approach to sharing information may be related to other elements of organization design such as: structure, tasks, strategy, and culture.       “Learning Organization” is a name used for the process of using a strategy in a company to build training to improve and create a more effective company. Using this approach will require the company’s commitment and use of the Total Strategic Approach. Using the Total Strategic Approach, the following areas will be covered: performance assessment and appraisal, problem solving and acknowledgement, openness, honesty and trust, access to high quality, readily available information, inter-group activities and cross-fertilization of ideas, with organization assessment and evaluation of the development process” (Pettinger, 2002). The approach needs to be understood and created by the top management to be beneficial and effective.       “Performance Organization” is the focus on the performance and outcome of the company in three areas: financial performance, product performance and shareholders return. Rather than focus on the learning elements the company is based on the performance. (Citoni, Mahy, & Rycx, 2012)       In the “Learning Organization” structure, sharing information and communication is vitally important and...

Words: 1411 - Pages: 6

Busi 561 Discussion Board 1

...Discussion Board 1/Week 1 Business Ethics To imply the ethical and spiritual perspective and keenly advise Benji Watson on accepting or refusing the contract offered by New Gen Health Sciences, it is imperative to define the parameters of Christian spirituality and ethics. As Christian, we are guided by many Commandments and teachings and examples set by many prophets, noble men, and many parables from Jesus, where upholding higher moral and ethical standard for the good of others, not self, was dear to him. In Luke 10: 29-37, Jesus told the story of the Good Samaritan, a traveler from Jerusalem attacked and mocked by bandits. Two individuals, presented with the similar fate, were the least expected person to turn away and ignored the wounded person, by walking away and leaving the man stranded. Another important aspect to draw from the Christian spirituality mindset to advise Benji Watson, comes from Matthew 7: 12, commonly known as the Golden Rule. In this text, it is written that you do unto others as you would expect them to do unto you. Using the ethical perspective to advise Benji Watson, understanding of ethics, particularly business ethics, must be brought to bear. Ethics, in simplification is the study of good and bad behavior; whereas business ethics, a detachment of ethics, is what makes up good and bad behavior as related to business activities and values. From the definition of business ethics, we are left to decide what constitute the ambiguous terms...

Words: 934 - Pages: 4

Discussion Board Unit 1

...Discussion Board Unit 1 COMP101/1401B Introduction to Computers Discussion Board Unit 1 A. Questions for weekly discussions and conclusions 1. Which features or functions of MS Word do you find particularly useful as a college student, and why? I’m still learning how to use MS Word 2010. I have mainly used MS Document to write outlines and research papers. When I have typed up outlines, it seems to be pretty easy. It automatically gives the options between bullets, numbering or multilevel listing. I’m sure with this class I will be able to learn this program successfully. 2. Which features or functions of MS Word do you think you will use most often as a professional in your chosen discipline after graduation? I’m not sure exactly but I’m sure that I will use the tools that I will learn. As of right now I use MS Word to make flyers for advertising my business. 3. How can Word help you with producing correct APA documents? Do you think Word’s APA features are useful? Why or why not? Word has helped in many ways. The autocorrect feature is great when I misspell words or misuse sentence endings. It also lets me know if the sentence I typed is fragmented. Word is good for writing different types of papers I need. I just realized that I’m not sure if I have the right setup for APA. I have to double click to double space sentences and I have to manually indent paragraphs. Is there a way to setup MS Word for APA? B. What kind......

Words: 417 - Pages: 2

Phase 1 Discussion Board

...Applications Of Discrete Mathematics 7/8/2014 Phase 1 Discussion Board 2 To describe the notion of union and intersection we must first start with a set. A set can be numbers, objects, people etc. When you have sets of things, they can be combined to create a union or have elements in common. For example, if a company were looking for an employee within the database system they could search using last names. Say department A has Smith, Jones, Brown, Doe. Department B has Doe, White, Turner, Smith. The union of these sets would be written as follows: A U B = {Jones, Brown, Doe, Smith, White, Turner} The sets intersect with the two names in common, Doe and Smith. That would be written as: A n B= {Doe, Smith} The logical “and” and the logical “or” are important for database retrieval and flowcharts to help the system or reader to understand which way they need to go to seek out the information requested. Simple and compound statements help understand this notion. To help understand this let’s refer back to the original example. If the person searching the company database wanted to find a specific employee they would search for the last name and maybe first initial. This would take the search from a simple statement to a compound statement. The database would then need to search for the last name first and when it found the right name, Smith, it would then need to search for the first initial J....

Words: 252 - Pages: 2

Discussion Board Forum 2 Case Study Busi 561

...Discussion Board Forum 2 Case Study Business Ethics Roger Charnock BUSI 561 Abstract Most people are committed to doing the right thing; however that is not always the case in business. Since the days of a formal handshake to close a deal, the contract has evolved into a complex process. Many years ago society believed in the power of the spoken word; thus the statement my word is my bond, however since the downfall of mankind in the garden mistrust and out right egregious acts to undermine the boundaries of right and wrong has become more prevalent, especially in business. Christians conducting business in this present business model have to protect themselves from individuals who are self-seeking and unscrupulous. This paper will look at one example of contracts, while maintaining your spirituality. Contracts “In the sweat of your face shall you eat bread until you return to the ground, for out of it you were taken; for dust you are and to dust you shall return” (Genesis 3:19 Amplified Bible). Since the days of Adam, society has tried to find an angle, something that will give them an advantage. While competition is good especially in the world of contracting, fair and reasonable is the oil that lubes the contracting wheel. Still this sense of right or wrong does not prevent poor contracts or unscrupulous dealings. The struggle for supremacy had its impetus with Cain and Abel. Jealousy and material gain will create irrational thoughts and entice someone to do...

Words: 1538 - Pages: 7

Discussion Board 1

...Prior to the twentieth century, theologians limited their discussion of Christ to the views set forth in their respective denominational or confessional traditions.” But, doubt that Christ in tradition was different from the actual Christ created a shift from metaphysical to historical Christology. This sparked the search for the historical Jesus in which two approaches, “Christology from Above” and “Christology from Below arose. Christology from above, associated closely with Rudolf Bultmann, Karl Barth, and Emil Brunner, was born from the idea that rather than studying the historical Jesus as a man, the best study would be of the resurrected Christ, His works and the relationship established by faith from His disciples. The ideas of this approach include: 1. The kerygma regarding Christ is a better basis for understanding than the historical account of His life. 2. Paul’s writings and the Book of John are preferred for study over the Synoptic Gospel’s historical accounts. 3. Faith in Christ is not contingent on rational proof. Brunnner does not concede a need to study the historical account of Christ’s life with respect to His different facets, one as God becoming incarnate in the flesh and the other revealed by Christ after the flesh. Brunner asserts the study of Christ in the flesh gives us greater insight to His Person in a historical sense than the alternative of Christ after the flesh which necessitates faith to fully comprehend. Therefore, the......

Words: 1077 - Pages: 5

Discussion Forum 1

...Discussion Forum 1 Lude Tai Florida International University Individual Discussion Question (write two short paragraphs): Have you had similar experiences so far in your career? Honestly, I just had several months’ internship experience in the hospital and Guangdong Province Health Department. However, in my opinion, administrative staff or finance people usually don’t understand what physicians are doing. We know that physicians normally work solo, and make decisions individually, which means they usually don’t have the tendency to view and solve problems based on a large-scale vision. They also have little knowledge of finance, but they need to know how to interact with patients. When I was an intern in a nursing department, communicating with patients was a common thing for me every day. I needed to understand their demands and concerns. Better clinical outcomes would show if there is good interaction between medical staff and patients. For finance people, they don’t need to communicate with patients. Instead, they focus on the future to help hospitals develop better and make more benefits. When I was an intern in the Bureau of Pharmaceutical Affairs of the Guangdong Province Health Department, I knew that administrative staff is in charge of hospitals to ensure the implementation of basic drug policy among hospitals. I noticed that they usually got feedback from leaders of each hospital, and they checked the outcome reports submitted......

Words: 414 - Pages: 2

Group Discussion Forum #1

...Group Discussion Forum #1 Business 600 Fall 2015 Sheri J. Abraham August 26, 2015 Sheri Abraham has been working voluntarily as a Family Readiness Group leader for the past 2 years. During her time she has always had great participation from the soldiers and family members that she served. Sheri moved and relocated to a different location and assumed the FRG leader role to find out that it was really different. This new FRG and it was different, the attendance was next to none. Understanding the need for the FRG and family participation she needed to figure out what the problem was. How could she raise attendance and have an active and thriving FRG? After speaking to other FRG leaders she found that other FRG’s were very active. She began looking into what they were doing that hers was not. Cheri a saved woman of God relocated with her family to a new duty station. She a couple of years back graduated with her BA but never had a chance to use it because of the location in which they had lived. She was now back in school nearing the completion of her MBA and wanted to gain some of the training needed to make her marketable in her current location. She needed to work because she had a family to help take care of but new she had an opportunity to look at smart locations it seek employment that would foster what she needed. She also was very careful to ensure that where she applied was in line with her belief system. She knew that the world’s values and that...

Words: 1303 - Pages: 6

Discussion Board Forum 3

...Discussion Board Forums Grading Rubric Student: Criteria | PointsPossible | PointsEarned | * The provided prompt is answered completely with a clear, logical flow. * The major points are supported by the reading/lecture material or by Scripture, as necessary. * The thread’s required length of at least 100 words is reached. | 0–5 | | * Format/style/grammar is correct (first person is acceptable in the Discussion Board Forums). | 0–2 | | * The reply (at least 1) brings clarity to the issues discussed and includes new and relevant points. * The reply’s required length of at least 50 words is reached. | 0–3 | | Total | | =============================================================Discussion Board Forum 3Topic: Read the Lecture Notes: Math Anxiety found in this module/week's Reading & Study folder and then respond to the following questions:Do you have a fear of math? If so, what in your math history do you think led to that? If not, then what has given you confidence in the past? Do you have any advice for your fellow students to help ease their math anxiety?Submit your thread by 11:59 p.m. (ET) on Thursday and your reply by 11:59 p.m. (ET) on Monday. | I am really not fear about math, I am surprised how math, in the history helped and help everywhere to discovery. In the past, I was having problems with the numbers, specially in the accounting area. But with God, I passed any of those courses. I would like to say to everyone, with our......

Words: 301 - Pages: 2

Discussion Board 1

...Discussion Board 1 “I will instruct you and teach you in the way you should go; I will counsel you with my eye upon you.” (Psalms 32:8, Amplified Bible). The Bible has a profound effect on people. To the believer, it is the word of God and is used as a blueprint as to how we should live our lives. Although the bible is full of teachings, sometimes we forget to lean on it and instead lean on our own understanding. After reviewing the decision Ramona is facing in regards to signing a contract with Next Step, it can be determined that God is displaying all of the signs of what she should decide. However, the message can become an unclear when $80,000 is the starting salary. Looking at this from a Christian’s perspective, Ramona should not sign the contract with Next Step because of the lack of ethics, honesty, and integrity from the CEO and company affiliates. Every organization or company has a purpose, a reason why, that is typically described in the mission statement. The mission statement helps to create the corporate culture, or organizational culture. “Corporate culture is a powerful way for an organization to define itself, create high morale, uniformity among its employees, brand recognition among its customers and set itself apart from its competitors” (Sadri, 2014). In order to create a corporate culture, it must first start with the leadership. “So he shepherded them according to the integrity of his heart, and guided them with his skillful hands” (Psalms...

Words: 1178 - Pages: 5

Discussion Board Forum 1 Busi 561

...Business Ethics After reading the case study involving Ms. Alexander and her opportunity with Next Step, I would advise Ramona to pray, even fast, about accepting the position. Hopefully she was already prayed up before she went to the ‘Meet and Great’ at Next Steps Headquarters (HQ). As Christians, we must ‘…be wise as serpents, but gentle as dove’s…' (Matthew 10:16, ESV), and one way we get wisdom is to be in constant communication with our one heavenly Father, whom is all knowing. Before leaving, she read up on Next Step. When Ms. Alexander arrived at Next Step’s HQ, she was showered with all sorts of gifts and treated to lunch by the Corporate Recruiter who told her of the circumstances that makes it possible for advancement and the money she could be earning with those advancements. Within Ms. Alexander’s research of the company, she found a mix of different opinions, regarding Next Step. One article, and interview with the CEO, has the CEO talking about how he wants to create a healthier America, making it seem that he truly loves and cares for the people. But, when Ms. Alexander was present at the companies pep rally at Next Step’s HQ, he seemed to be disrespectful and scornfully abusive to his clientele, calling them ‘fat, lazy, lethargic Americans’ who needs to be saved. Turning the spectacle into a religious one. The CEO also talked about being an industry leader in the ethics code in his interview. Ms. Alexander mention that to the corporate......

Words: 1106 - Pages: 5