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Enron arguments
Enron’s use of creative accounting and business tools (mark-to-market accounting and special purpose entities to distribute risk) could be termed deceptive. But Malcom Gladwell argues that Enron was not at fault for deceiving its investors. Instead of being a puzzle created when conspirators improperly conceal information, Enron was a mystery where all the needed information is publicly available but nobody has the foresight to interpret the information in the proper fashion. (Gladwell points out that a group of students at Syracuse University studied Enron and recommended selling Enron stock long before the so-called experts reached the same conclusion.) Construct arguments for and against the claim that Enron business practices were deceptive and therefore unethical. Use your ethics tests..
Enron group summary
- Evaluate Enron practices using your ethics and feasibility tests.
- Prepare a socio-technical system table on Enron. Go to m14025 (STSs) and make use of the STS table on power generation in Puerto Rico.
- Provide an argument for Gladwell's position that Enron was a mystery. What does this say about Enron responsibility? Provide a table for the position that Enron was a puzzle? What does this say about Enron's responsibility?
Click on Bell: Business Ethics Links Library to find Enron's code of ethics.
Nike
Nike scenario
- Your textbook provides the following description of working conditions for a Nike suppliers located in Vietnam (p 512):
- “Workers who did not meet the aggressive production goals did not receive a bonus. Failing to meet production goals three times resulted in the worker’s dismissal. Workers were sometimes permitted to work additional hours without pay to meet production quotas. Supervisors were strict, chastising workers for excessive talking or spending too much time in the restrooms. Korean supervisors, often hampered by language and cultural barriers, sometimes resorted to hard-nosed management tactics, hitting or slapping slower workers. Other workers in need of discipline were forced to stand outside the factory for long periods in the tropical sun. The Vietnamese term for this practice was phoi nang, or sun-drying.” Business and Society, 512
- Is Nike responsible (or co-responsible) for the actions described above that were committed by its supplier? Explain your position by clarifying whether you are taking a shareholder or stakeholder view of corporate social responsibility. Then outline a plan for how should Nike respond to a supplier that engages in the practices described above?
Nike argument
Your module on corporate social responsibility outlines two different accounts of the target and scope of responsibility. The stockholder view holds that the corporation is responsible only to its investors/owners. Diverting resources from stockholders to other parties represents, according to Milton Friedman, “taxation without representation.” On the other hand, the stakeholder view holds that the corporation as to balance different stakeholder interests and rights; the corporation is responsible to all stakeholders and must treat them equally. Werhane agrees with the stakeholder view but goes one step further; to properly understand stakeholder responsibilities, the corporate manager must imagine the corporate stakeholder complex around each stakeholder taken successively as the center. Argue for a stockholder approach to the responsibilities of Nike for the actions of its suppliers. Argue for a stakeholder approach to the responsibilities of Nike for the actions of its suppliers. Imagine the Nike stakeholder complex as it is seen from the standpoint of the Vietnamese workers depicted in the case above. How should it respond to employee treatment from this perspective?
Questions & Answers
differentiate between demand and supply
giving examples
differentiated between demand and supply using examples
Lambiv
how is the graph works?I don't fully understand
hi guys good evening to all
Lambiv
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
Can I ask you other question?
Shukri
What is different between quantity demand and demand?
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
how do you save a country economic situation when it's falling apart
what is the difference between economic growth and development
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
any question about economics?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:
OpenStax, Using the ethics bowl to integrate ethics into the business and professional curriculum. OpenStax CNX. Dec 20, 2009 Download for free at http://legacy.cnx.org/content/col10411/1.2
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